 to talk about all the action let's jump over to our man Teddy kegs at folks you can check out Teddy's outstanding tiger forex report he puts out weekly updates at the beginning of every week on Mondays updates throughout the week when warranted you can check that out right under the newsletter tab at TFNN it's ninety seven dollars from the month it comes with a 30-day money-back guarantee and what's going on right now with currencies what's going on right now with yields in terms of how they're impacting everything and don't forget he's got a couple great webinars under the services tab under there as well Japanese candlestick pattern stock and option strategies and then you got capitalizing on time with calendar stock option spreads check those out check out the tiger forex report and let's get into it teddy kegs that good morning good morning Tommy yeah what a morning to talk about the markets today so we were you want to begin what do you think I guess of the market reaction to some of the economic data right we got retail sales I mean we got the whole theme going on it seems here Teddy in terms of a little bit of a reverberation right yields climbing again we got dollar strength back in vogue where do you want to kick things off it goes right back to what I've been saying for a long time you got to watch the bottom numbers because if they make something move they're going to make the markets move and that's what's going on right now you know so I mean everyone in the tiger for support we know Monday was a holiday so they were sleep there was no markets really open in the U.S. everything was closed only the effects markets were open but they were quiet you know that was expected and then yesterday the markets open and the main thing that I had talked about in the report that for the tiger report was that you know you're probably gonna have a big choppy sideways market continuing unless unless that the numbers start to come out in a way that disappoints or comes out out of whack you know retail is sales came out much higher than expected you know the forecast was higher than the previous number but only slightly and this really beat the number so and that's a big thing once again which goes back to what I've been the tone I've had over the past few months is that everyone's getting ahead of themselves you know I heard on the radio last week that there was a 60% priced-in chance of a quarter point rate cut in the May meeting well is that still on the table today you know once again you got the numbers are lagging and this is not that far more of a lagging number you know so I think that it's showing the shake-up and now we've gotten some breakouts to we had some currencies that are moving some that aren't and I think a lot of it is reflective of the yield move that we've had and yields haven't really moving that much they move today you know but the other markets already started to break out yesterday like the dollar already so I think we hit we've started a nice little short-term move I would not jump in front of the trends right now short-term I think you got to let them go a little bit more and I can get into those numbers if you want I can break it down from the dollar index all the way through all the currencies if you want to do it I like those I like the exact numbers let's break out the numbers for the people listening for sure all right start with the dollar index yesterday we had an upside breakout level at 103 10 right now we're trading at 103 60 so we took out that breakout level so for that was that signal was already taken out yesterday that's good now we're following through today I also have one of my I have a indicator that I use I don't use it for a tiger report but I use it in combination with things so with the breakout that triggered my signal followed up by an entry long signal for the dollar index this was triggered today so I think you can see the dollar index get up to around that 104 30 maybe even push 104 75 over the next like I would say three to five sessions could we have a nice sell-off and profit-taking move tomorrow absolutely because when the next number is on Friday for on the US you know remember I was looking for a sideways market most like for most of this week you know so I wouldn't get overzealous but I think that what's going on in these little short-term burst is going to give you the nice trend to follow through over like I said the next week so that's a dollar index so now let's go to crude okay so crude is something I know you guys want to take a look at now this is another one that I was talking about going kind of sideways it's on the lower band right now or what it's 71 16 a barrel and I think in the front month contract so that's kind of still sideways as long as that stays stable and I think that pretty much well over the next like week or so I wouldn't expect a big breakout if we get above 76 then I think you can start to worry about having a nice bull move but I think like I said for the past couple weeks between 70 and 75 you're going to be in a chop zone and I think it's going to continue there but now let's go to the interest rates so with the 30 year and there's also the 10 year both of them are going kind of sideways yesterday's market had a nice sell-off meaning prices going lower meaning yields going up today we have a nice little bit of follow-through now this is the key thing like so I'm saying don't get overzealous on these moves in the past day and a half we've had a nice move after a holiday on break okay we could be pushing these moves today but don't think that we're not going to get a profit-taking bounce so I think right now as far as yields I'd be in a sell-rally forecast looking for lower move lows which will help to give the dollar a continued boost which would help like I said help to dig seek it up for about that 104 area somewhere around there so I'm looking for that to continue with that so and we also had a sell signal triggered in that other signal that I use also today now let's go to the Euro US dollar I'm going to go as fast as I can that one yesterday we took out which I'm sorry I said this is great let's keep it going okay so yesterday in the Euro now we had a nice sell-off we took out our downside breakout level okay so now here's the thing that I want to tell you about the Euro this is this is a big deal we're trading right around the directional pivot level around this 108 area okay 108 to 108 half is a big deal okay if we start to trade below that well then we could see the Euro break another two to three dollars over the next I would say week and a half to two weeks you know so to the short side there could be a nice trade there especially if yields do start to tick up again like if the if the bonds in the tenure follow through okay over the next few sessions especially if we get a bad number on Friday for on the odd which will affect the real estate market that could be a big bond number two and also in the tenure as well so if that happens and they start to hit the hammer to lows and yields go up that's gonna keep pressing that sell signal okay so for that I think you could get that down another a couple handles in the bonds and if that happens that will help to Dixie get up to that 104 area okay so now let's go down to the British Pound this is the one that's staying kind of a sleeper today yesterday it did sell off like the rest of the currencies it's a dollar got its boost but today it's hang it's just hanging around this but right now it's where as it has a 126 39 it's got to get below 126 15 125 95 area somewhere in that support band because if it holds above there it means it's really it's it's in this sideways trade that it's it's probably could dwell for a while remember we're white waiting on the Bank of England right now so everyone's talking about the Fed but our eye is also watching the BOE and that may keep that currency snaking along so be careful looking for a big break on that one I if the euro sells off big then you may get a little follow through with the pound but that one I don't think is gonna break as hard relatively to as far as the dollar-cross relationship just for those watch that market all right US dollar Swiss this is a whole nother ball of wax we're seeing some strength here now this is one where overall the trend is a bear I would use caution with this one I think you're having an exacerbated rally profit-taking move on this one so could it get to a much higher level well of course it could but 186 right where it's at right now is the directional pivot level I have which is a huge trend level for the Swiss so I think that this the other markets have to catch up for to this one more so than than where it's at if that makes any sense if the rally is gonna continue with the dollar you Swiss is probably gonna lay off over the next couple sessions the other currencies have to catch up okay because now as we get into the other one you guys take a quick break can we come back Teddy all right I can wrap up the last four in two minutes we'll finish it up folks don't go away we'll be right back with Teddy welcome back folks we get the S&P's off about 36 points just kind of chopping around at the 47 62 area since we open the trading at 930 we're talking all man Teddy Kegstad don't forget about the Tiger 4x report folks and let's just jump back into it Teddy please continue to go ahead as we wrap it up in the next couple minutes where we're okay cool US dollar yen is where we're at right now so in the report I said last week swing high was a big level we figure we'd be testing resistance a little bit more the number obviously accelerated things we are above our upside correction zone which was topped out at 147 50 we're at 148 32 right now we're on our way to 150 baby now is it gonna happen today or tomorrow probably not but if Friday's number goes in line with what today's momentum is if that kind of reinforces the direction of interest rates and helps push yields higher I could see 150 hit by Friday afternoon definitely by Monday if those numbers fall in line with that one so right now we have that bullish breakout the yen in these last couple currencies these are the ones that are really driving the dollar index right now because they're the movers so Australian dollar US dollar talk about a slam a jamma yesterday we felt the floor just got ripped out we were looking for sideways in these markets obviously things are not happening we got the downside breakout we're already trading now let's see in the Aussie it's trading at what is it 65 28 that's just hovering above the bottom of the critical correction zone for a we had the tiger forex report you can see on a daily basis it's right there by a major swing low from a couple months ago when we take that out over the next couple sessions you could spend I mean we might see the market get down another like three or four handles and by Friday now this is exacerbated move so be careful with that we might get a bounce so real quick I think I can get the NZD in the Canada I love it New Zealand New Zealand dollar it's the same difference as the Canada they broke out downside right now it's trading at 60 91 I got 60 even as a huge support base it gets below there you could see another couple handles without a doubt and then US dollar Canada here's another one that's breaking out to the upside the past couple of sessions this is another one where I think it's exacerbated I'd be careful tomorrow but look for follow-through Friday baby have fun that was awesome that was some great info folks do you hear all that actionable info go check out that tiger fork support comes with a 30-day money back guarantee 97 bucks teddy kicks out thanks so much man we'll talk to you next week take care take care folks stay tuned Basil's up next have a great