 T. F. N. N. Headline news update. Hi everyone, Basel Chapman, host of the Tiger Technicians Hour, coming up in a few minutes time. This is a T. F. N. N. noon update, eastern time, dows up 229 points at 25,975, S&P is up, S&P is up 26 at 2850, just about to take out the higher three days ago, which is at 2850, 242, really good action. The QQQ, now I'm going to go to something real quickly, the QQQ is having a spectacular day, it's up 186 and 18162, breaking out to a new recovery high, not all time high, which is at 18753 back in October. Now the reason why this is important yesterday during this update, I did a brief summary of what I'd be looking at after the Fed speak, and what I'd said is if gold is over 1312, if the dollar is under 96, and gold went over the 13 level, the 1330, and the dollar went under 96, if the TLT went to 122.50, that would probably pretend some kind of a sell-off. Here's the big thing, the sell-off occurred late in the day, continued this morning, but look at this, the semiconductor index, I made a big deal about this in my show yesterday, I see this is holding well, it hasn't broken down yet. Look at this, up 316 at 109.38, a new recovery high, this is very good action, and that was a clue to say that perhaps today we could get a turn to the upside, this is not just a turn to the upside, this is really quite a whopper of a turn to the upside. So this is all important, it's the end of the day today that will count, if the semiconductor holds those gains, MU, micron was part of this yesterday, that would be very important, we are seeing some buying in the grains, so this mix of going through to different areas that haven't been strong, and now trying to build some support, that's very good. Once again, Dow is up at the 25.95, 25.958 area, looks like it wants to tackle the 26,000 again, if it gives back 30 or 40% of the gains at the end of the day, that's not a good thing, if it holds you, that is good. I'll be back in a few minutes for my show, have a great day, see you soon.