 This is TFNN, the Tiger Financial News Network Update. Good morning everyone, Basel Chapman on this Wednesday, the 16th of August, we're looking at the Dow 114 of this 10 o'clock Tiger Financial News Network, market update 35,061, we're watching very closely to see whether the law of 34,086 today is taken out either or tomorrow, why? Because that nine-period moving average for a moment when pink announced back to green, but look at the YM, that's the futures, YM has already turned pink, so the Dow cash is the only index that didn't flip negative, I believe it will, and then we have to assess, have the indexes really had a big pullback shorter term and are they ready for a decent balance? We're going to be watching this very closely, S&P up 264, 44.39, sitting on the 50-period exponential moving average support, we'll see if that can hold by the end of the day, QQQ and the X100 trading at, where did it go? Trading down 53 cents at 365.89, that's together with the SMHs, SMHs, semiconductor index which is trading down 60 cents at 148.17, we're watching these really closely, they're all tells as far as I'm concerned about the market action over the next week or two, IWM up 10 cents, we're making lower lows and lower highs, now let's go to gold, gold is trying to find some kind of support here, it's a 1934, it's going to be tough because that dollar is showing at least bounce material, but look at the magnet of this 200-period exponential moving average, it might just hang around you for a little bit longer, crude oil, crude oil is down just a fraction, it's down 0.19 at 80.79, it looks like it might be turning down but that 9 is still very strong over the 14, here we go, TLT, bonds, bonds are trading down 16 cents again at a lower low than the left side low of 94.54, we're at 94.42, that's a problem because those yields are going higher and the weekly chart is in a leg G and that very often goes from a G and then it bounces and it comes back and makes a slight jump, all tight, tight, tight technicians are coming up, I'll be right back and also check out my opening call daily newsletter.