 BFNN headline news update on Baselchap and yellows of the tiger technicians I'll be looking at the Dow on the left side chart here it's up 120 at 27,996 all-time highest 28,090 made in the 19th of November it's had four days to consolidate hasn't made a new high yet the Magdeys a little flat and weak the stochastic is very weak but the moving averages are still strong so I say to subscribers to opening call we've got to be careful here because it's unfolding that there's there's a consolidation taking place but the the main technicals have not weakened yet they will in about another three to four sessions but they haven't yet so we're watching this and in that context look at the S&P the S&P made there we go made a new all-time high today 31,31.65 and it's bumping into some kind of resistance with Magdeys a little bit flat and weak the stochastic is down to 75% under 80% those two moving averages are key and it's very important that it holds a 31 I'd say 31,22 to 31,12 every on any sudden pullback over the next day or so and most importantly the QQQ is acting very well it's gone to a new all-time high it also has a great technicals but those two key moving averages have helped it is a 204.10 is the high today all-time high trading up 2.09 and 203.92 the real winner is the laggard the one that had been holding back holding back a huge move today up 2% up 2.06% of 3.26 and 161.48 the winner is the Russell 2000 and in the monthly chart it's finally made its leg see weekly see is the Russell going to go to the 173 area all-time high before we have a major pullback in the general markets or is it rotating now as if it's become the new winner as the others take a bit of a breather gold I haven't looked at gold for a moment our gold is down six and a half at 14.57 and that dollar on friday had a really good session had a nice session so far today it's bumping into resistance it's up 0.04 at 98.30 nice action but it needs to really get into the 98.70s to say it's got a lot more to go and look at Crude Oil just being all over the show today it's now down 22 cents up down up down up down 57.54 if we can close at 60.50 this week that's going to be very positive if a side's under 56 that's going to 56.30 that's negative i'll be back we'll talk about bonds we'll talk about the market we'll talk about what's moving i'll be right back for the target and questions are coming up after this break thanks me go see you in a few minutes otherwise