 headline news update hi everyone Basel Chapman here I am the host of the Tiger technicians hour coming straight up after this TFN noon update and I'm also the author of the opening call tonight at 5 o'clock to 6 30 I will be doing a webinar for subscribers you can go to the front page check it out the dollars down 92 at 27,944 hit a high of 28,090 this morning all-time high then Home Depot of course came out with kind of disappointing earnings it is down sharply at this particular point Home Depot is down 12 at 226 and that too was doing very well up until just yesterday yesterday was an all-time high hit the previous high of October was 238.99 that was October the 21st and and yesterday did 239.31 40 cents high and almost 40 cents high and then kabon trading down the low today is already 225 that's quite a hit and it is impacting the Dow the S&P is very reluctant to go down this is what I was saying to subscribers we're going to do this real carefully because the way the moving averages have held the way the price is held the way the price is starting to bump into very strong trend line resistance because there's no other way of measuring it there's no left side high that you can go to this and these are all-time highs you have to use trend lines that says that the data is being somewhat overboard and the weekly chart is still very strong as is the monthly the QQQ actually this is very interesting the QQQ is up point 48 at 2 or 355 meaning that the NASDAQ is still showing some strength also a little bit overboard and that on the short term daily chart with the weekly charts very strong as of the monthly the IWM which you've seen for a little while has been a lag it actually today's strengthening it is up point 74 at 159.25 it's trying to push against resistance is doing quite nicely and gold in this is going to be very important goldies up just a fraction at 1472 stuck in this lower range if it starts to trade in the 1489 to 1493 area that'll be good short term action but so far it's looking like it's just a big digestive phase of the HIFTY hitting 1566 and the continuous contract couple weeks ago well quite a few weeks ago and now it's it's digesting gains but this is going to be very important the dollar is still consolidating hasn't been able to break into the 98 70s is trading in 97 99 right now and the Euro EUR USD the currency pair that is running quite nicely it's also stuck in the low-range we'll talk about Krutow and Bons when I get back down to Chapman