 news update everyone Basel Chapman with the 11 o'clock tiger financial news network update on this Thursday the 17th of February does come back from the lows of the days down 400 oops and we put it up yeah I got gold gold in fact is up 26 at 1897 1900 round number hind the futures it's in the continuous contract sorry that's amazing around number zero zero we'll see what happens we'll talk about it in a moment this is to the doubt now this is not the pattern we're looking for there's another little H pattern somehow by Friday with maybe with options exploration maybe just a smash to the downside but if the is a balance that balance has to take out today's high of 34,858 I mean that's a big ask let's see if that can happen in the time the S&P is down let's see we're looking at the S&P is down 57 at 44 16 sitting on the 200 period exponential moving average wow not very good action QQQ one two three there we go QQQ is the index 100 trading down almost six and 350.14 also all of these are making a little tiny H patterns instead of a V-shaped pattern not good IWM the IWM is a Russell 2000 sitting on that I'm just under the 14 period moving average of 202.80 down 370 this is all this is actually a better chart pattern as we're looking at it but it's not a great pattern when you're looking at that weekly chart we got gold gold hit a round number high in the continuous contract of 1900.00 is trading in 1897.6 right now gold is a currency of fear and there's a lot of geopolitical angst going on for good reason and as a result gold is the go-to place I spoke I had a whole thing a segment in my Tiger technicians hour just a moment ago talking about gold is this going to be gold opportunity now to follow crude oil crude oil at this particular point it's pulling back just a tad it is down 2.68 at 89.17 making a high of four days ago and now we're gonna see doesn't it get a little bit of a digestive phase TLT is trying to rally here it's up a dollar $1.69 and 137.47 if it's gonna make a little V-shaped pattern it needs to get to the 138.139 very quickly and hold so that yields can come down if tomorrow yields come down bonds bonds go higher gold comes down crude oil comes down and the VIX actually pulls back instead of going higher maybe we can get the Friday options expiration big screen to the upside maybe it'll start to do maybe not just be careful think short term trading think longer term China can absorb it can get as much cash as you can because when the big load comes it's gonna be a beauty in the meantime eat real careful that's a chapter signing off see tomorrow same time thank you for every piece of enter and great programming coming up