 FNN. The Tiger. Financial News Network. News update. Hi everyone, Basel Chapman. Here this is the Tiger Financial News Network 10 a.m. market update here on Friday the 18th of February. Don't forget we've got a holiday on Monday so we'll be back here on Tuesday. 34,362 up 50 points. It sounds great. Look at this pattern. The lowercase H pattern is still in place. We could not get more than just a little mini arch. Really important that sometime next week we start to trade in the now 34,800, 900 area rather than break 34,000. It's important of course we've got a weekend coming up here. So even though there could be that Friday squeeze with options monthly options expiration today it might be ameliorated by the fact that there's a lot of pressure on the market right now. Both political, bonds, everything. So here we go. S&P. S&P is up 9 at 43,889. Now it has not yet taken out the left side low of just a few days ago. So far this is good action but when you're looking at this arch pattern which also failed to make a decent M formation it's really important by the end of the day or at least intraday we need to see a good 18 points to 22 points up in the S&P. The doubt needs to make a 250 point rally and then maybe by the end of the day everyone gets a little nervous but you need to have that. We've had no signs of strength at all. QQQ and DX100 had a sign of strength earlier in the futures. Now it's down 20 cents at 345.22. Also not very good pattern here. IWM the Russell 2000. It's up 90 cents at 202.09. It's a much better chart pattern on the day that looking the weekly chart is terrible and the monthly is terrible. Gold. Gold's been the star all week. Pulling back just a little bit down five at 1897. I've got in the legs see the GDX which is the gold mine as I'll talk about this when I get back is in a leg D made I have 35.11 trading now down nine cents. There's a lot to talk about in this whole area. Let's go to the TLT which I think is absolutely imperative to talk about up a little bit today at 58 cents. Are we going to see yields pull back here the financial stocks maybe take a bit of a breather. There's a lot to talk about from my Tiger technicians hour. I'll be back in a moment and just wanted to mention the crude off is as we said pulling back from the high that was made five days ago. Not much but it's tough. I'll be back. Check out my opening call my dating you