 T. F. N. N. Headline news update everyone Basel Chapman on the second day of April. My pleasure to be here and we're all looking at the doubt down eighty five at twenty six thousand one hundred and seventy four in this T. F. N. noon update making a slightly lower high than yesterday's twenty six thousand two hundred eighty high that was a recovery high just nine hundred just a less than nine hundred little more than nine hundred points away from the all-time high twenty six thousand nine fifty one we're now at twenty six thousand one seventy four having pulled back a little bit my suspicion is based on the hundred twenty minute chart will be some choppy action with some slightly higher highs over the coming day and a half I was expecting some weakness today either today or tomorrow and that's kind of what we've got look at the way the weekly chart has gone to this leg B and the MACD the moving average stochastic are both very very strong look at the S&P the S&P now is a little stronger than the Dow Y because Walgreen WBA got smacked very bad earnings it's down very sharply like a yearly low the S&P is down to twenty two at twenty eight sixty four but it did make a slightly higher high today is this a new leg D or is it a brand new leg B this is going to be the question here because the MACD has just turned positive and stochastic still just okay at seventy three percent but the weekly is very strong it's in leg C a little bit more than the Dow one higher and the QQQ 123 QQQ NDX 100 trading vehicle at this particular point where did I type that let's keep typing in the wrong place there it is the QQQ is up point 40 at 182 44 still under the 182 83 higher than 21st of March making a U shaped pattern hasn't yet gone to leg C in the weekly but that weekly chart is still very strong the IWM is up not now it's down down 28 cents at 154 48 and it's actually holding quite nicely but the weekly chart is not anywhere as strong as the others gold right this moment gold is unchanged at about 12.94 and the dollar which is at a lovely move to the upside is trading at 97.49 getting closer and closer to 97.72 to break out for the first time in months that's what happened I'll be back for my Tiger technicians hour in a few minutes stay tuned otherwise I'll see you tomorrow if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals