 TfNN, The Tiger, Financial News Network. Update. Good morning everyone, Basel Chapman here on this Thursday, the 14th, what is this, the 15th, sorry, 15th of February I've written it so many times today I should know that. It does about 167 and 38,000 and was at 591. So it's trying to get back and I think we've got the rectangle formation that says it can make slightly higher highs, slightly higher lows. We're going to have to watch the 36,650 area if it's able to get above that in the next day or two. That's going to be positive right now. That was a shot across the bow. I think it's really important what happened on Tuesday and we'll see why. Look, here's the S&P, Sbx.x, there we go. S&P, are we not short anymore? We were short and got out of that but just a fractional actually was a really nice gain but then we took a tiny loss in the end. Let me get out of that, edit and remove. There we are. So this is a nice bounce into the gap. Not bad but the 9 and 14 period moving averages have been ready. The 9 is over the 14 in all the indexes. So far that's still a very good sign. The QQQ because of Apple pulling back today and some others down 96 cents at 432 and it's got into the gap but it's sort of stalling here. One of the things I'm looking at is the SMHs, that's the semiconductors, red, can you believe it, a red candle, down 77 cents at 202.54. I'm watching this closely. I have just never seen so many round numbers especially in the semiconductors. This is telling us a story that probably sometime next week we might be seeing some kind of a blow off top that's occurring and then they're going to have quite a bit of a rest period while maybe the other areas start to improve. This is quickly go to the IWM trying to rally today to get back some of the gains which is done up to 2.17 up to 3.05. Nice action. Looks like it's trying to get to a leg D and we want to see this. We want to see that the small caps are going to come on. The small caps, the Russell 2000 Gold, is up 11. The dollar is down quite a bit. The dollar is down 46 ticks and let's go to Bons. Let's see if Bons are up. Yep, Bons are up a little bit. They're up 2230 seconds at 119. Very interesting day. When I get back you're going to have to discuss this in much greater detail. Check out my opening call there in the next few years then. See you in a few months.