 TfNN, headline, news update. Hi folks, Basel Trapp and on this Wednesday the 11th of May, we're looking at the Dow up 261 points at $32,420. The futures were up like this earlier on and then $830, $8.2 for the CPI market went swoosh to the downside, but now it's coming back and attempting to turn yesterday's low into at least a low of a short-term duration. When markets are going down there's nothing that says just because it looks oversold it needs to bounce, but when you're looking at the technicals and the technicals are suggesting that the push to the downside is now meeting resistance or at least support is holding. This is where this is exactly where we are so we'll see where we close the day on the day if the Dow is up anywhere from 263 where it's now up to 350 points higher certainly at 320 p.m. if that's the case and the volatility index, the VIX this keeps changing but I'll do it right now if the volatility index at 31.34 is actually under 31 that'll say hey you've got a chance here to at least have a decent close for a change without having an intraday reversal to the downside the S&P has also come back really nicely it's trading up 20 at 4,021 it was way up at 449 so this is it's got a lot to do trying to make up the day's action we'll see if it starts to trade underneath 4,000 that's going to be a real problem looking at the QQQ and this is now down $1.30 at 299.40 this is the one that's going to have the biggest trouble but could give the biggest gains when all of a sudden it can break into the 309, 310 area if it can do that that's 10 points up from yes going to need a lot of work to do that IWM the Russell 2,000 not bad up $1.44 gold and a nice reality area on is holding some of that ready it's up 7 at 1848 it's really watching the dollar because the dollar pulled back a little bit from its almost all-time high here and now it's at 103.54 down 37 ticks it's a TLT we've got to watch as well because this TLT is now a little better than it was it's down 8 cents at 115.63 it needs to go much higher for those yields to show some some weakness and they can start to pull back the meantime I'm gonna hand you over to very presidento for trade what you see that he's got his webinar coming up it's coming Tuesday and next next week on Tuesday all day webinar check it out front page of TFNN great programming all day you got think of swim you've got Steve Rhodes, Dave White, Tom O'Brien check out my opening call my daily newsletter and I will see you tomorrow have a great day