 This is TFNN the tiger financial news network Good morning everyone on this Wednesday the 3rd of May the day that I'm doing my webinar at 4 o'clock for subscribers You can join go to the tfn frame page. This is a perfect time for right. Let's just go through the The Dow and this is 10 o'clock tiger financial news network market up that does up 37 and 33 thousand seven twenty Had a very sharp gap down pulled back yesterday. This is not quite as I'll talk about it's in my show coming up This really didn't fulfill all the requirements for a chap and wave a Roman candle Reversal right here big red candle. It didn't close more than halfway above the full body of the candle We'll talk about that meantime I'll just say that if after 2 30 this afternoon the Dow is more than 110 points down That means that we're probably going to be going down for at least into next week And if it is up more than 80 points even or 90 points That is the pattern that I'll talk about in my show coming up And I'll talk about in the webinar based on the nine period moving average under the 40 over the 14 period moving average Let's just run these real quickly the S&P right now is up 14 at 41 33 This will hit the 14 period moving average this morning now is trying for the nine period moving average Which is still over the 14. That's a positive QQQ. You're looking at the QQQ. It's up a dollar 11 or 320 The IWM has been very weak even today. It's a it's routing, but it doesn't look very good This is what we need to focus on gold gold had a very nice spike to the upside overnight it's still up to seven About a dollar to say 2023 so far this is good action the nine period moving as just over the 14 But you have to wait for the close today looking at the dollar dollar really struggled to hold again yesterday And then closed kind of so so today's down 39 ticks at 101 point 55 and the bonds It's gonna be fascinating with the Fed coming up the bonds are up So yields coming down a little bit and crude oil took a real dive Yesterday and following through to whoa following through today 2.7 4 at 6 8 point off the Fed. I'll talk about that in the show coming up What what is the Fed gonna do? They're looking at weakness based on the international economies Supposedly based on the crude oil and yet the housing market is up there Hotels are fully booked. I'll be back in a few minutes for the Tiger Tech This is our check out my webinar coming up day 4 and my opening call the 80 news that Even a few exciting session coming up