 FNN, The Tiger, Financial News Network, News Update. Good morning everyone, Basel Chapman here on this Friday the 22nd of December and for those of you celebrating Christmas, I'm very merry Christmas coming up this long weekend. Looking up the Dow, up 103, 307,508 hasn't yet taken out the 37,641 high that was made three days ago. They're very, very sharp pullback over 600 points in today. Come back very nicely. You remember yesterday I was talking about the pattern that says within the rectangle you could get slightly higher highs and higher lows moving towards the previous high in a much shorter time frame. We're going to be watching this very closely, but meantime the S&P, so this is with Nike coming in with very negative statements and earnings potential and drag the Dow down my Chapman, which shouldn't indicate it said that we should have a negative Dow before a rally comes in, which is exactly what we got. We're up 85, the S&P's up 19, and 47,66 hasn't taken, hasn't yet taken out very close to the higher three days ago. The QQQ, we're looking at 409.19, up $1.42 also hasn't quite taken out that 410.97 high. IWM, now this is a little different and this is actually one of the most encouraging things, even though it's in a leg D, that leg C in the weekly chart has gone above the whole 198 to 199 year-long resistance. We have hit from today, we're looking at 2.81. That's a good sign. Just as I mean to say, we can't have a pullback coming up very shortly, but it does say we've broken out, we've started a brand new leg A in the monthly chart. That is amazing. All right, let's go to the gold. Gold at a very strong up spike, it's still strong. It's up 28 and 20, 2,080. The dollar is coming all the way back. I think 100 is really the 101 is the target. It's at 101.50. Yeah, just on 101 is that trend line. We'll see if it's going to get there. We're talking about trend lines. The crude oil has risen very quickly to a peak A, then a peak B, and a peak C, and now it's trying for a leg D. It's up 88 at 74.77. That trend line, it missed getting to the trend line the other day, and it bounced off there. But it's done a fantastic rally. It is a rally, though. Now we're looking at the bonds, and the bonds are up almost a half a point of 124 and 930 seconds. So we're looking at yields in the lower range, and that's really important. All the economic care and news this morning was very positive for the market. The dollar is up 101. We'll be right back for the target. Finish this out. Check it out.