 FNN. The Tiger. Financial News Network. TFNN. Headline News Update. Good morning everyone, Basel Chapman here on this Wednesday day before the last day of February. We're looking at the Dow down 184 at $38,790. Remember we spoke about this Chapman Wave inside track repellent zone. We're looking at now the support zone comes in at about 38,680-ish and what I said to subscribers is we had a Chapman Wave Roman candle yesterday. That means if we were to go for 90 minutes below and I think I said 38,860 something like that. Be careful because we could test the low of yesterday. We've already done that and gone below it. So we're looking at that. We're looking at the S&P also in the Chapman Wave inside track repellent zone. Only down 15 at 5,062 days young. We'll see where we close today. Still got FedSpeak. Got a bunch of stuff there. Not even 35 minutes into the trading day. Let's look at the QQQ. QQQ is trading down let's go. Down 3 at 434.40. This is a little different. So we're going to be watching this one because the technicals are starting to deteriorate but the 90 is still over the 14. We've got the IWM which was really a leader before. It's trying to come back. It's down 92 cents at 203.10 watching this very closely. We want to see some kind of rotation here for semiconductors and look they also went to the Chapman wave inside track repellent zone pulling back here. We're looking at the gold. Let's see if gold's running at all. Now it's down three in the dollar to see if that's running. The dollar is up a little. Yep, it's up 20 ticks at 104.01 just above the 50-period moving average. Oh, that's the red 9-period moving average. That's very interesting. All right, let's get to the bonds. Bonds are up for 30 seconds. The yields are still on the upper register. Let's go to the crude oil. Crude oil is up 60 cents. 79.40. I'm really liking the way crude is all crude oil is acting just in terms of crude oil, not the fact that it's sort of an inflationary aspect, but it's acting very well. So I'll be back if I left that. No, I haven't left out anything. We'll be back in a moment to discuss this in much greater detail. This is an important phase in the market just on the very short term because that's going to give us clues as to March's potential. I'll be right back. Check out my opening call daily newsletter as well. See you in a few minutes.