 tiger financial news network update good morning everyone on this 4th of october tuesday this is the 9am tiger financial news network market update the dow futures let me go straight to the futures the ym that is the dow futures up 387 off their fantastic day yesterday they did make a lower low yesterday this the cash dow made a low in september let's see if uh all of october doesn't take out that low we'll be watching this very closely so the dow futures are up 382 the e-mini is trading up uh 57 a 37 47 it too made a lower low yesterday just in this beautiful trap wave inside track propellant zone it went right to the bottom of the red line seen the daily chart and pushed higher you can see in the weekly chart this arch formation and that says once you go below the left side low you're probably not going to take out the high that was made back in uh august was it august the 16th or so around about 43 44 but you could stall and go for a target of maybe the nine or the 14 period moving average at 38 69 maybe even 39 28 we'll look at the qqq which is the index 100 trading up 528 278 81 now if you go to the nq futures up 220 at this particular point having made a lower low yesterday gone right to the 14 period exponential moving average in the daily chart that is a big move and you can see same thing with the arch pattern in the weekly chart let's go to gold because this gold is going to be very important gold is up sharply again up 18 dollars and 17 20 it it pierced the inside track resistance level which is now supported in the 1683 area and look at the way silver is active silver's up again today up 2.12 percent it's up 0.43 at 21.02 above the high that was made in august that is a really good action the dollar is pulling back we've been anticipating that that peak d at 114.78 the chaplain wave fourth highest peak that's where you can see a sharp pull back we're getting that the dollar is down 65 ticks at 111.02 crude oil is having a very good day again today it's up a dollar 87 at 85 51 the 200 period moving average is at 86 62 and bonds are trying to rally there are 49 cents they kind of stuck in the low range i'll be back for the market kickoff hour for tomio brine i'm sitting in for him and i'll be doing my show at 10 so hope to see you here for the next couple of hours have a great day