 Good afternoon everyone, Basel Chapman here for the 4 o'clock Tiger Financial News Network market update and we're looking at the Dow on this Thursday the 16th as we wrap up we've got the Dow down 45 now it actually would have been up but won't watch really just took a beating today you didn't have Microsoft going the opposite direction but not enough so the Dow is down 45 it's made what we call a peak B in the Chapman wave methodology this should be a higher high to go to a leg C and then a pullback and then a leg D doesn't tell you how high but it says higher highs are to come into next week looking at the S&P also made that peak B we expect a leg C and then a D so this is just a minor pullback at this point it's up 539 at 45 a QQQ exactly the same thing QQQ up 38 cents at 386 this is the index 100 387.75 was a high yesterday didn't do that today so it will probably go in the next day or two go to a leg C and we'll have to see how far that can go the IWM was the weakest IWM closed down 274 at 176.04 it's the 200 period moving averages at 180 it's got a long way to go gold at a fabulous date was up 22 almost all day now it's up 20 it's got this resistance line you can see this dating trend line right there as resistance that needs to break to get into the 2000s we'll see if it's able to do that next week but the dollar look at this the dollar has held the 200 the 200 period exponential moving average of three days now there's a chance it could have a little bit of a balance so we're watching this closely because the USD-JPY that is the yen currency pair USD dollar yen is almost at the most recent high so it's holding very well but it's just technically starting to weaken a little bit we'll see what happens there and if you're looking at the the EUR which is the euro which should be going together with the gold the directional wise but it has had a very nice move it's getting close to resistance in the 1.94 area is at 1.08 if you're looking at the bonds now the bonds I did have a nice update up about a point it's got a long way to go for those years to really make an impact by coming down so we're watching this closely if bonds can this coming we can go to the hundred and eight teams that's good crude oil to quite a hit downside it's down almost four points at 73 the 200 period moving average in the weekly chart is at 67 is it going to get there while we're watching this closely but this is helping the inflation part of the spectrum Baselchappen signing off have a wonderful evening and I'm sure Tom will be back tomorrow and tuning to Tiger Financial News Network starting at 9 o'clock with Tommy Jr.