 news update everyone buzzle Chapman on this Wednesday the 25th of May we're looking at the Tiger Financial News Network 11 o'clock Tiger Tiger Financial News Network update it does up under 32 at 32,057 went right to the 200 to the 14 period exponential moving areas that's what we're looking for earlier in the day at 32,150 and now it's pulling back a little bit the fact that it tagged it is really important because it's helping the pink 9-period moving average attempt to cross positive the this the Magdi finally is up cross positive that's a good sign stochastics it allows you 31% on balance volume is good so that's the that's the doubt what we want to see is after the Fed speak you don't see the doubt give back a more than go 31,900 you want to see at least stabilize and say if you at least we survive that particular Wednesday Fed speaker the S&P has speak to another nominal high so this is a leg B I believe and hit 39.79 that's the pink 9-period moving average the 4,004 level is the black 14-period moving average it hasn't even got close to it yet but it is the Magdi did cross positive you don't want to see at any point later in the day under 39,038 we're looking at the QQQ finally it's getting a little bit of a turn to the upside up 2.36 and 289 it's a start it really needs to get to the 297s or higher to suggest that it's got staying power for a and at least a week or two rather than a day or two so we're looking at the IWM also only up to up 250 it's stuck at the 14-period moving average gold was down sharply earlier on nowadays down still down 17 and 1848 it's just stuck in a range at the 200-period moving average couldn't break above it it needs time to build strength to be able to do that the dollar is up a little bit the dollar is up 43 ticks at 102.19 it's good but it really needs to get to 102.85 to say hey I'm back rather than consolidating you're looking at the bonds US bonds trading right now and change it 149 140 oh it's up yeah at 130 second 141 to 930 seconds in legs see right at the resistance that I draw in here based on the cup formation and the Chavvib inside wedge target resistance line that's where it is it needs to get a lot higher than that the TGTTTTT which is the bonds the Lehman 20 atregy bond front is acting very poorly right now it's pulled back that is that is the inversion of the TLT and it's pulling back and that's suggesting that yields can go a little bit a little bit lower so with that said and crude oil is done unchanged have a wonderful day see you for Larry Pizzerento check out opening call David newsletter I'll see you back tomorrow a great program coming up state