 Hi folks, Basel Chapman here for the 10 o'clock Tiger Financial News Network Market Update. I just finished doing Tommy O'Brien's show that's usually 9 to 10. He was unable to do it and that's called the market kickoff. I'm sorry, I wasn't able to do it in the fundamental way that he does it. But we are looking at up 416 points at $34,595, yet again, just like yesterday, we're right to the 9-period exponential moving average in the Dow daily chart. At $34,765, it went to $34,744. And now what we're looking at is what these opening bursts of opening silver, what happens in the market for the last, look, since Monday, look at the massive candles, look at the size of these candles. Even last night after the Dow yesterday was up 500 points, then closed down about 100 and so points. What happened is it went down, if you look at the YM, which is the futures, you'll see that it was down huge. This morning it was down at $34,532. It went right to the 9-period exponential moving average and now it's pulling back. It's above the 20-period, 200-period moving average. That's good. So let's just do this and I'll tell you what we need to look for by this afternoon by about 3 o'clock Eastern Times afternoon. If the Dow is holding above a 350-point gain, that's good. But if it's at the high of the day, that is absolutely fantastic action, then we should continue for another few days before we really get a test of internal strength because the QQQ is not working the way it should. The S&P right now is at 56. This is not a bad candle, but it's stuck on that 200-period moving average. The QQQ index 100 is trading up 4 at 348.72. It really needs to be up at the 352, 358 area over the next couple of days. If you're looking at the IWM, the Russell 2000, that's a little bit different in that the pattern has been not as good as the S&P or the Dow and that's trading up 2 at 198. It needs to get to the 220. What is failing here is that gold is down sharply, down 23. And look at the dollar. The dollar is looking fabulous. It's trading up in Leg C at 97.12. And the TLT will talk about it in my show coming up, the Tiger's Technicians Hour. I will talk about this 143 level in the TLT as soon as I return to check up my opening call date and lose that.