 TfNN, The Tiger, Financial News Network. Update. Good morning everyone, Basel Chapman here for the Tiger Financial News Network, 10 a.m. market update with the Dow down $348 to $32,925. Remember we discussed this yesterday, that this rectangle formation can last a lot longer than your patience, it's a narrow rectangle formation, it's trading between the $33,400 level and the $33,000, no $32,650 and right now we're at $32,901, it can stay here for a little while, it might suddenly have a fine support at the 200 period moving average of $32,710. Looking at the S&P, we'll see if that happens, S&P right now also trading at a very narrow range, it's down 40 points at 3812, I mean narrow range all of the day, but in terms of the $4,100.96 double top that was made on the 13th of December before we came tumbling down, so at this particular point I'd say $37,92 is today's support that must hold and hopefully by the end of the day there's a little bit of a rebound, of course economic numbers coming out were a little too strong, the market didn't like that. Looking at the QQQ, I'm looking to see the QQQ, trying to find some internal support, there are some signs with both the S&P and the QQQs and the IWM are starting to see the histogram of the MACD starting to improve, but you haven't got the price improvement, that's the major thing, Qs are down 265 at 263.10. Looking at the IWM, the Russell 2,000 small caps pulling back down to 281.7336, must hold 165 of the next day or two and we're looking at where we're going, we're going to gold. Gold pulled back quite sharply, it's down 19 at 1839, I suspect that we are going to be having some digestive phase right now, especially as the dollar is attempting to rally, it's up about 68 ticks at 104.93, yes it's a double bottomish type pattern and we'll see if we can hit the 105.44 level, which is a 200 period moving average, if it can go above that it'll be the first time it's closed, if it can close above it, first time it's closed above it since early, since late November. Looking at the TLT and this is really important, bonds are down 69 cents at 1 to 2.14, this is just saying that years have come down a little bit, it'll be front of this closely and crude oil, crude oil is down again. I'll be back for the Tiger Technicians, I'll check my opening for daily news there, see you in a few minutes, very exciting start to the year, be back.