 T F N N headline news update everyone Basel Chapman Tiger technicians hour coming up straight off this T F N noon update to Dallas up a hundred and nine the S&P's up 12 the SMH is the semiconductors which usually lead the markets up and down all time highs as well down all time high S&P all time high and as they go time high SMH is at 13233 up 2.21 all time breakout high this is really quite important the IWM which is the Russell 2000 is trading not as strong as it was earlier in the day 159 70 or not an all-time high beginning to that rectangle formation the 160 strong resistance pulled pulling back a bit but still up 60 cents on the day so far 158 point 76 and what we've got here is gold is pulling back a little bit it's just down 2 at 1509 suck in that range I mean just that rectangle is a powerful medium of tactical tool that you can use says between 1522 and 1495 it's just kind of stuck until it breaks out on one of those two sides it's gonna be important it is building some strength on the daily chart but the price is the reflector of it and the weekly chart says a little more consolidation but holding really well in this rectangle formation and if you look at the dollar the dollar had a little bit of a rally earlier on now it's extending it's up 20 ticks at 97.43 it's made that H pattern the lowercase H pattern that says be careful you've taken out the 97.14 low of around about the 20th or so of September ran up to about the just about 98 pulls back sharply to a lower low on Friday into leg D this is very important because the mag D the moving average conversion size versions histogram is improving the mag D is trying to turn up and there's a doubly formation with the right side support level in the sarcastic in the daily chart that says hey it could bounce it could bounce to the 97.66 area but we're just calling it bounces for now that weekly chart is still very weak and the TLT and it's gonna be very interesting is down a dollar 84 at 138.72 meaning that rates are rising some I show that to my subscribers to my opening call over the weekend how important wood was wood is the international the global timber and forestry edf strong again today set a fantastic move over the last four months going from the 52 area to today's high of 65 that is a big move to the upside that says is economic growth that is actually taking place a little cautious here on the very near term just in terms of the tower and we'll talk that about that in my show coming up be right back