 T F N N headline news update Everyone Basel Chapman here for the Tiger Financial News Network 11 a.m. market update We're looking at the Dow up 340 points at 35,000 240. This is fabulous action. We were talking about that. We wanted to see a move That's almost a one-to-one move above this blue trend line. We've got we're getting that I like it days Young anything can happen lost a couple of days not yesterday But up until then there were there was always selling at the end of the day and yesterday There was buying Fabulous move to the upside IBM is certainly helping that we're looking at the S&P trying to follow It's it's good. It's up 17 at 44 79 the QQQ of course With Netflix in it. It's just got hammered sound to and three quarters at 343 57 It's really struggling the same with the IWM Russell what I mean by struggling is that it's struggling in his pattern But it is is not nicely on the day 179 at 2 or 3 30 What's interesting is that you're getting that we were thinking of a commodity Digestive phase over the next week or so and that could correspond with the TLT The gold is pulling back all this down five not a big deal But just digesting gains crude all same thing digesting gains Up 68 cents at 102 just in the range But really what is interesting is that if you look at the TLT that is the bond ETF look at this first sign after a little doji candle yesterday 119s was a low that 120 level moving above it now would be a really good indication suggest strongly That bonds are going to rally at least for a little while Maybe try to get to 124 125 and then maybe still retest the lows But in meantime a little bit of a counter trend we would should help It should help the market. It isn't helping the financials funnily enough. Well, the financials are up They should be up much stronger. They're up 43 cents at 38.05 in the XLF still pretty good action Not bad. It's just you know I think we're gonna watch this closely and the other thing that we've got to keep in mind is that the VIX index of volatility index which is dropping sharply in the H pattern at 1998 if it's able to hold in the 19s today Or maybe go even lower than that That's really gonna help the close on the on the Dow and the S&P But if it suddenly starts to rally and gets to 20.70 as the markets sort of soles Maybe only the Dow has a good update and the rest start to fail again So this is a very important moment, but so far really good action and I just want to mention one thing Yeah, so yeah, so just for my subscribers to my opening call. I will try to get my newsletter out tomorrow I'm away for the day And that's the opening call and the target conditions how I will not be here Have a wonderful day and stay tuned for Larry wonderful program. He's got a wonderful guest as always Have a good day. See you on Friday