 The Tiger, Financial News Network. News Update. Hi everyone, Basel Chapman here. This is the Tiger Financial News Network, 10am market update on this Friday the 20th of May and we're looking at the Dow up 192 points at 31,448. This is really important session just in terms of the wave count and Chapman methodology with that Dow G, Long Leg and Dow G candle yesterday. It needs to be a close. I would say there needs to be at least an attempt to go above yesterday's high of 31,569. Not good enough. I really would like a close above that level. I might like it but the market doesn't have to listen to me. Most importantly, that's what I would like for this long-legged Dow G for yesterday and a leg deep perhaps a trough deep this morning. Looking at the S&P, the S&P right now is up 33 at 39,35. The Iran was quite a bit higher but now it is trading at the high yesterday at 39,45.96. I would prefer to see a close above that today just in terms of once again the wave count at Trough G five or six days ago. We want to move above in that arch formation. Let's look at the QQQ. This is going to be very important because Q's are three points at June, 1957. I don't want to suggest the Dow move ahead by itself. I want to see the Dow and the NASDAQ move together. The NASDAQ is up 0.93. The Dow is up 0.56, 0.90%. The S&P is up 0.53. I'd like the Q's to catch up a little bit. We'll see if that's going to be the case. At the IWM, the Russell 2000, at this particular point the Russell 2000 is up 0.01.97. Also working very hard. One of these businesses are working really hard to form some kind of a tradeable look. We're looking at gold. Gold is a really nice session yesterday. It's given back some of it today, down 9th Friday. 1832, but the dollar is holding a little bit. It's standing here up 136.103.01. The pattern looks like it wants to keep on solidating off. The DECAF top is the chap wave 105.01. It's six, seven sessions ago. We're looking at crude oil. It's a really important crude oil. It's a gain rally. It's 166.111. It's a gift table in the next minute. It's waiting in the 106.114. That's going to put some pressure on the market. We're looking at the TLP.