 This is TFNN, the Tiger Financial News Network Update. Good morning everyone, Basel Chapman here. This is the 9 o'clock Tiger Financial News Network Market Update. We're looking at the Dow. I'm going to go to the futures because the market hasn't opened, it opens at 9.30 Eastern Time. The Dow futures are down 6.30 at 30,728. So we are so close to taking out the left side low of May the 20th, 30,560 in the pattern that I call the dreaded H. And that just says be careful because if you significantly take that out you can go a lot lower. So how it deals on a closing basis with this pattern straight down, make an arch formation failure to peak A or B and that's got to be real careful or it can have a turnaround and then make a little H pattern going to an M pattern. So the close today is going to be absolutely imperative. If it closes ugly and then tomorrow is even uglier, it will be unusually big in market lows, significant lows for a decent rally on a Friday or a Monday. So this is a day that might happen. We'll talk about the VIX right now because the VIX trading at 32.74 after 2.50 this afternoon Eastern Time is trading up near the 32.75 right now. Because up in the 33s and the market is holding terribly just at the lows of the day it can get really get worse into the close. We're looking for the opposite would be if the Dow somehow has a decent rally a little later on and then it's only down like 320 and then down 280 and as we get into 3 o'clock it starts to improve. It means here we go again we could get one of those balances maybe shorter in duration than the previous ones but at least some kind of amelioration of this world is spoken about the inflationary aspect. We're looking at the S&P right now, let me just give you the S&P, the ES, the E-mini is trading down at 94. It's taken out the left side low of May of 3809. The low so far today is 37.98 is not a good sign. The day hasn't even begun. The day is not even young it hasn't begun, still in the birthing phase. We're looking at the QQQs, let's go to the NQ, NQ is down very sharp, we also took out the left side low. We're looking at gold, gold has been down very sharp as well down 30 bucks. I couldn't get the bull hold above the 200 period moving average. We're looking at Crudel pulling back just a little bit that's down to at 118.70. Have a great day. Thank you for Tom O'Brien, Tom O'Jr. This is Mark of Tickle, a fabulous show and a great program for the rest of the day.