 FNN. The Tiger Financial News Network. News Update. Good morning, everyone. Basel Chapman here on this Thursday, the 23rd of February, 10 a.m. Tiger Financial News Network Market Update. We're looking at the Dow up $198,000 to $32,243,000. Look how it came to the exact left side low of $32,948 yesterday. It hit it exactly. So I anticipate there'd be some kind of a bounce for two reasons. One is that the 200-period moving average held. It went under it, closed a little bit above it, and that on a very short-term basis I see an oversold condition, and therefore there should be a bounce. How much? How long? And in today, does it hold 120 points after 130 this afternoon? Does it suddenly turn negative? We'll be seeing about that. We're looking at the S&P. S&P at this particular point is up. It's actually quite nice. It's up 35 points at 4,026. It went under for the second time. Under the 200-period exponential moving average, the Dow and the S&P are in sell modes on the daily. They should be able to trigger a buy signal if it's a very strong move up. That's a big ask. So in the meantime, at 4,026, up 35, that's very nice. It makes on a very short-term basis 4,016 is key support. This is very, this is, or intraday has put it that way. You can see the weekly chart is still holding very nicely above all the different trend line and support levels and the moving averages. Look at the QQQ. QQQ is up 3.26 at 297.46. For two days, it went underneath the 200-period moving average. Now it's trying to get above it. It's going to be a struggle, but the weekly chart has started to improve quite a bit. Looking at the IWM, the Russell 2000 small caps, we're looking at a move up $1.95 at 189.89. It really needs to get to the 192 level by a Monday or Tuesday of next week rather than break under 185. That'll be very negative. Now this is going to be very interesting because gold is down 7 at 1833. It's on the 200-period moving average. It's really been struggling and the dollar actually took about struggling. The dollar isn't really broken above the 200-period moving average, even though it's just down 2.6. And if you're looking at crude oil, crude oil right now is up quite nicely. It's up to $1.77. I'll be back for the tiger to discuss how there's a lot to discuss. See you in a few moments to check out more of the QQQ.