 This is TFNN, the Tiger Financial News Network News Update. Good morning everyone, Basel Chapman here on the 7th day of July, Friday we're looking at the Dow down 10 and 33,911, the economic numbers that came in were a little lighter than anyone expected, yesterday were much greater and what you've got here is a choppy market trying to decide what to do, I've got this pattern that I call the lower case H pattern and it's fighting with the cut formation and all I can say is that if the Dow takes out the next two, three days, 33,610 on the downside that'll be negative action if it can get to the 34,250 and it'll say okay that's positive in the short term but I think this is a digestive period this first week or two of July, we're looking at 33,915 right now the S&P is up some it is up 3.98 at 44.16 it's made a peak D but the nine-green moving average is still very strong the other technical indicators are starting to weaken a little bit so far this is good action looking at the QQQ NDX100 trading vehicle looking at up 76 cents at 68.24 a little double top that we're watching as a potential we'll see if we pull back if it starts to trade under three it's a 360 if it trades under 362 in the next two days this is probably going to the lower part of the range looking at the IWM now this is a very interesting look the IWM nice session today but wow it's been beaten down a 188 just a couple of days ago goes to the 182 level 181 and now it's at 184.64 up a dollar 89 so far a good action on the day gold gold had a big move up then a pull back some and now it's up 12 at 1928 I just think that this is starting to it's attempting to form some kind of a base but it hasn't done that yet the dollar is down just never can hold a rally get from God repelled at the 200 period moving average down 37 ticks a 1 or 2.75 and crude oil what are we looking at crude oil here is up this is quite nice looking at 72.69 up 89 cents it's in the rectangle at the upper end of the rate wow TLT down again TLT so yields are really moving higher so down 66 at 99.03 got a hold at 98 area I'll be back in a moment for the Tiger technicians out check out my old printball my dating use that up see you in a few moments