 T. F. N. N. headline news update everyone Basil Chapman here the hosts of the tiger technicians are coming up straight after this T. F. N. New time update and the author of the opening call a daily newsletter comprehensive newsletter that does down 25 at 26,000 five 28 it had been much deeper it went all the way down to 26,419 down to the 14 period expansion moving average the third time in four sessions that is touchless try to rally off with there are a couple of good reports McDonald's had a good announcement and so it's spiked up quite sharply and you've got I believe in Chevron that might be up with your points. So what we're looking at here is this is the period of consolidation that I've been talking about at least with the subscribers to my opening call we'll see what happens but until the Dow closes under 26,350 370 somewhere around that area this is just a minute little consolidation if there is another rebound intraday and all of a sudden you're up 40 points in the doubt that'll be very impressive action. Let's go to the S&P the S&P is actually a little deeper than the Dow right now down seven at 2935 it hit only the nine period exponential moving average and at 2920 I believe it's 24 yeah and then 29 or right at 2915 will be key if at any point in the next few days the S&P goes under that level that's not going to be a good sign at least short term and say consolidation is happening now considering that Google this is Alphabet had a spectacularly bad report yesterday and it went sharply low overnight was over a hundred points lower this is very impressive that the QQQ the Envesco QQQ trust series is just down 1.98 at 18903 it hasn't quite touched the nine period moving average of 18803 if for the next few days it goes under that says be careful some kind of a consolidation is underway and this is just a spectacular move from 143 to 191 in basically three legs in the weekly chart that is fantastic action IWM today is a little bit weaker the Russell 2000 let me just say that gold is a very important moment right right here for gold because gold at this point is let me get this in before the break comes is up four points if gold at 1285 starts to rally into the 1293 area as the dollar pulls back that'll be a bit of a change of scenario I'll talk about a moment we have my show coming up next stay tuned otherwise have a great day Russell chapter exciting