 FNN headline news update everyone Basil Chapman here for the TFNN noon update I'm the host of the Tiger Technicians hour and the author of the opening call dating newsletter let's get right to the markets the Dow is up 205 you got there whenever there's this rumor about the China trade deal you get these spikes and then they usually dissipate as the news filters out yes but well we'll see what happens because the market was doing okay then it sort of spiked up then it came back down after so the Dow was up maybe 80 points 90 points and it comes back to plus 60 and then boom gets doubles more than that now it's tripled it goes to 205 up at 27,011 still within this rectangle formation the consolidation formation still with the moving averages holding nicely the MACD is good stochastic still down at 74 percent that's not great so we had Intel which is really a big mover in the in the Microsoft is up so this is what we've seen all week we've seen stocks within the same group some act fantastically and others just get decimated to the downside and yet the market has held well and when I said to subscribers to an opening call this is where we're probably seeing a rotation where the aspect of consolidating with the averages holding quite steady as you get this volatility within the sectors means that in a way you use usurping energy and time rather than price let's go to the S&P the S&P isn't up quite as much but it's still up nicely it's up 14 and 3024 the 3027 high was important but most importantly what we've got here is the all-time high of 3027.98 when you get into this weekly up channel resistance level that's where we're going to be monitoring very closely now we might have an instant restart yeah this is f slash b in the daily chart so that makes the uh 3003 to 2997 support really important the QQQs up even with amazon down sharpie yeah well it's come back quite a bit up $1.32 at 195.41 hey is that no 195.55 is the all-time high you've got the IWM acting quite well as also it's up $1.19 at 155.38 now what's interesting is that gold had a big spike uh early this morning and now it's up about two it's giving back a chunk of the those gains i'm going to be talking about that in the next segment coming up my tiger technicians hour and the dollar is actually holding very well i'll be back in a moment have a great weekend