 T. F. N. N. headline news update everyone Basil Chapman this is the Tiger T. F. N. N. noon update and I am the host of the Tiger technicians are coming up straight after this update and the author of the opening call of daily news that it does down 283 points at 25,544. It's getting real close to the 25,350-200 period exponential moving average but right as the market looks like it's about to tumble even further. Mnuchin comes out and says very constructive talks. We don't want constructive talks. We want results. Okay so the resistance now would be at the 25,590 to 25,630 but if there's even just an erased eyebrow of a hint that things are much better than just constructive this market could have a nice because it's very oversold. Look at the VIX index VX.X the VIX index right now is trading at 19.72 made a high yesterday in the 23 area then closed quite off the high of 2338 closed at 19.10 having gone to 18.87 then this morning it plunges down to the 16 39 area now it's back up at 19.78. This is a very important moment because what I said to subscribers this morning if the Dow is down minus 250 a little later on in the day they could really get ugly if there's no news. So let's just go on the S&P right now it's coming back a little bit it was much sharply lower it's down 32 at 28.38 the QQQ is trading right now it's the NDX 100 down 2.72 at 182. This is a pretty sharp move it was holding quite well four days ago now it's quite serious and we're looking at the IWM which is the Russell 2000 testing the 200 period moving areas down 161 154 60. Now let's just go to Gold Gold's having a nice little bounce today up 4 at 12.89 and consequently of that because of that move the dollar is down 15 pips at 97.22 it's gone underneath the left side low of 97.15 formed about eight sessions ago we're going to be watching this closely the day is young anything can happen I'll be back a little while in a little while to talk about these different marks different levels to watch Basil Chapman signing off for this update stay tuned though for the Tiger technicians hour see you in a few minutes