 is TFNN, the Tiger Financial News Network. TFNN headline news update. Good morning everyone on the second day of November it is Wednesday and we're looking at Wednesday the second of November yep and we're down 150 in the doubt 32,506 reason why we got a little cautious for subscribers opening call over the last two days is we're expecting that obligation of a peak D in the Chapman methodology if there's no new high above yesterday's high today we'll see what the Fed does this will be a peak D this is about where you'd expect some kind of consolidation the technicals are still very strong it would take a move down to the 32,300,200 area to really say uh-oh now you're going to restart a new buy signal or you're going to be consolidating for a lot longer we're looking at this is the Dow we're talking about the S&P is down 17 at 38,38 this is probably a peak E so all of these things are saying to me a little consolidation going no matter what the Fed says there should be some kind of consolidation going on here spectacular move one of the quickest 4,000 plus moves we've had in the Dow straight up going to a leg D that I I can recall we're looking at the QQQ is kind of weak today down 77 cents at 274 IWM the Russell 2000 making a peak D today probably very nice move from 162 to the 186 area now 181 down to gold gold is up $6 at 1655 still stuck in this containment area looking at the dollar actually pulling back some down 36 ticks at 111.20 also just stuck in its range now crude oil crude oil is pulling back just the hair down 30 cents at 8807 stuck in this channel we've inside track repellent zone does it become a propellant zone if it gets to the 91.92 area yes it does so we're watching this very closely the TLT that's one's a little bit stronger to have 6 cents at 96.83 yields we're going to be watching those yields after the Fed speak today 2 to 2 30 this afternoon Eastern time we'll be watching it closely Basel Chapman Tiger decisions are coming up in a few minutes check out my opening call dating newsletter and great programming here at TFN all day you'll see exactly what happens after what after the Fed speak because it's kind of an important we kind of know it's 75 raising 75 but what happens after that so as I'm waiting for the music to come on there it is I didn't beat the bell good we'll be back in a few minutes hope you can stay Basel Chapman