 Good morning everyone on this Wednesday the 9th of November and this is the Tiger Financial News Network 10 a.m. market update of course I follow the hour that tell me oh Brian does he's market kickoff fabulous show we're looking at the Dow right now down 270 at 32,084 very strong move yesterday going to a leg in the Chapman wave that's kind of where we want to get cautious the technicals are still very good at this particular point but just on a purely Chapman wave notational basis D and E's where you start to see some kind of potential for the weakness and how long it lasts is going to be very important because if we do take out the 200-period moving average of 32,310 as support it says it could last a little longer than just a couple of days we're looking at the S&P at this particular point also down 28 to 37,99 now it didn't have nearly as nice a chart pattern as the Dow, Dow's the leader and the S&P is following but quite weakly so this is not very good definitely this week you don't see a close below 37,50 because that'll start to look like an H pattern going to retest the left side low QQQ didn't have such a great week and had it kind of a long-legged doji catalyst in the lower range right now down 275 at 266,70 it's just really struggling IWM the Russell 2000 is a little bit better chart but it is forming a potential H pattern here it must hold the 173 level this week is at 177,40 down 216 it must try really to get back to the 178 you're looking at the gold contract which had a spectacular out of the last five sessions it's had two huge candles and today still holding well it's up one at 1717 this is important because if the if the if the gold continuous contract starts to trade above 1745 that's a pretty significant breakout to the upside both in the daily and the weekly chart we're looking at the dollar I'm kind of struggling a little bit here to rally it's up 64 ticks at 110.25 it has gone to a low a low on the left side so we're going to be watching this because I'll talk about this in my show coming up the Tiger technicians out with it expanding wedge formation and those lowest support level which I broke yesterday it's just above today is important we're looking at crude oil crude oil is pulling back PT I think we're going to pull back a little further and we'll talk about bonds when I return for the Tiger technicians out check up hopefully called any newsletter