 Good afternoon everyone, Basel Chapman here for the 3 o'clock Tiger Financial News Network Market Update that does down 45 at 34,900 finally after a couple of weeks we've been looking at this and we'll see what the close is the day is still young anything can happen in the next hour but the 9 is finally under the 14 period moving average and that's going to be important we'll talk about that in this next hour when I do the Tom Brian Show we're looking at the S&P here we go, S&P had already turned down a little while ago from the 4507 high that was made around about the 27th of July now we're looking at 4423 minus 14 looking very we're getting close to some kind of support but it hasn't been able used support as anything magical looking at the QQQ NDX100 trading vehicle down two and a quarter at 364.20 making low lows it's under the 50 period exponential moving average very weak action looking at the IWM the Russell 2000 we're looking at minus 155 or 186.50 down what a quick give back it's it's already taken away all of weeks of worth of upside move it's a 186 and it's getting closer to the 184.70 200 period exponential moving average gold and this is fascinating because gold keeps trying to rally but it just makes a lower lows and lower highs and today's down 10 at 1926 below the 1940 left side low of early July and we're looking at the dollar and it's fascinating because the dollar is doing okay it's not great it hasn't even taken out the high of a couple of days ago it's at 103.29 up eight ticks this is fascinating because that 200 period moving average is like a magnet we'll talk about that when I get back for the time of branch they're looking at crude oil crude oil is down sharply it's down 162 now we're going to be watching to see whether that nine period moving average just crosses negative and that will say it's going from a cell signal it hasn't got that yet but that 200 period moving average of 77.50 could be in in sight so with that said just a real quick look at the vix index before we do the next show vix index is up just three takes a 16.49 basal chapter be back for the tumble brine show in a couple of minutes and it should be a very exciting close see you in a few