 T.F.N.N. The Tiger financial news network update. Good morning everyone 10 a.m. Tiger financial news network Wednesday the 16th market update we're looking at the Dow up 16 at 30,611 my contention here is that for the last four or five days I've been saying upside at 30,900 is very strong or should be strong resistance I don't know if it will be it has so far and that being a digestive phase and we should see some a little breather taking place here certainly in the Dow looking at the S&P so the Dow is up 25 the S&P is up oh now it's down down 20 at 39,72 it got it stored right at the 200 period exponential moving average and we're going to see whether or not it can hold the 39 oh I'd say 39,62 39,58 is the key support today let's see what happens there we're looking at the QQQ NDX 100 down sharpie down 2.7 at 286.65 had a really nice strong move up to a leg D probably a P D today look at the weekly chart got stuck right there the traffic wave inside track repellent zone it needs to get to the 297 area and quite soon to break out IWM the Russell 2000 is trading down uh to also 2.7 at 1884.90 and it's made a peak F smash C it's right stalling at the 200 period exponential moving average you're gonna have to watch that one carefully because 181 will be key support looking at gold gold is stalling at the 200 period moving average is still very strong all the technicals are very good on balance ones a little overboard so it's down a fraction down one at 1776 a leg B and that's a very strong week he's also very strong the dollar the dollar tried to find some support it's a little bit better today's down 27 ticks at 106.13 holding above the 200 period moving average of 105.61 you're going to monitor this for the next few days because I do believe we're in just a little digestive phase right now looking at crude oil crude oil is down sharp he's down two and a quarter at 84.63 and that's what we've been talking about we've been talking about possibly crude oil stalls over here looking at the TLT we'll talk more about this when I get back for the Tiger technicians hour in a few minutes check out my opening call my dating newsletter we're looking at um the TLT up 76 it hit 100 and uh it's in a leg seat to the upside it has a little more to go to that resistance I'll be right back stay tuned