 T F N N the Tiger Financial News Network. T F N N headline news update. Hi everyone, Basel Chapman here. This is the Tiger Financial News Network, 10 a.m. market update on this Wednesday, the 4th of May FedSpeak Day. We'll talk about that. Thank you Tommy for kicking us off here at 9 a.m. with these show great shows all the way through to 4 o'clock and we're going to look at the Dow up 69 at 32,187 what often happens on Fed Day regardless of an early morning movie the up or down as you get closer to FedSpeak at two Eastern time but around about 130 you start to narrow narrow narrow maybe even unchanged we'll see what happens. I need my chart sorry need my chart what do I do and anyway we continue this as I find my chart I thought I'd done that mistake there we go but we're looking at in terms of kick kick kick off with the wrong thing sorry about that so channel let's see what I can't do that now let me just do that I'll do that during the break we're looking at the S&P which is up now it's down down 6.89 at 4168 got to watch this closely what you want to see is after the FedSpeak you want to see the Dow up about 130 points or more not down 130 points or more if you're positive because that's that's not good action S&P should be up about 12 and not down 12 we're looking at the QQQ and this is going to be key because the Q's are down to at 316.63 IWM the Russell 2000 is down one and a quarter at 187 and you're looking at gold we'll see where gold is this often you're right now it's down 7 points if gold can spring back from this 200-period moving average that's going to be very important but right now it's kind of glued to it the dollar is holding very well the dollar is down 19 tex put up near the highs at 1327 TLT once the bonds have done the work for the Fed the Fed just has to implement it just a confirmation of what's going on yields are at one of the highest levels in quite some time so we'll see what the Fed does meantime we'll talk about the VIX index the VIX index right now is down 18 it made a high of 36.54 almost at the the confrontation with Russia at that high that was at 38 so we're very close to that we'll talk about that when I get back for my tag at the kitchen's hour and check out my opening call dating newsletter be back in a moment