 is TFNN, the Tiger Financial News Network. TFNN headline news update. Good morning everyone, Basel Chapman here on this Tuesday, the 24th of January. We're looking at the Dow down 162 at 33,471. A little strange day yesterday. A lot of strength and then there was a sudden sell-off and then a recoup of some of the losses and a nine-period moving average is so close to turning down again, it is still positive. We're watching this very closely because I do not want to see today's low so far as being 33,310. We're at 33,454. We hit 33,559, but it's so far looking like I'd say just subscribe to my opening call that I expect a narrower trading range today with a negative close, a digestive phase. That digestive phase is that there was a little bit of too much optimism yesterday and day before. We went to a leg E in the S&P back on the 200-period moving average. It's amazing how it acts like a magnet now down 25 or 39,94. Look at the QQQ. Many areas in the QQQ and the NDX100 had very strong sessions yesterday. We've got some of the stocks that were up in the 300s falling down to the 30s and 50s having a spectacular run off the lows, most recent runs. I think that's a little excessive. I think it needs to be, it got a little overboard. IWM was the same thing. I didn't tell you what the Q's were. IWM was down $1.16 and $1.86. The QQQ is down $1.20 and $2.87. Not a big deal off the yesterday. It's fabulous move. Looking at gold now, this is going to be very interesting. Gold spiked a little high. I went right to that resistance. I remember I was talking about this expanding wedge formation and that what happens is really, you talk about a containment area. What happens is you can continue here. It can eventually turn into what I call an oval, a stork leg body formation right here. Either it breaks out to the upside or it curves over, rolls over, and pulls back a little bit sharper than you would expect and goes to the lower part of the trend line. So we'll see it's down six. That's not a big deal in 1922. Looking at the dollars, the dollars are tempting to form some kind of stabilization here. It's up a whopping 10 ticks at 102.13. Not that great. TLT as we go to the break and then I'm coming up with my tiger tick. This is how I hope you can stay. The TLT is unchanged and you're looking at crude oil which had a really nice rally but it's still in the lower range is down a little bit. I'll be back for the tiger technicians. I hope you can stay.