 headline news update everyone Basel Chapman here on this Wednesday December the 8th for the Tiger Financial News Network 10 a.m. market update does up 41 at 35,760 men new recovery high today of 35,840 we're looking at the 34 35,900 to 35,000 one at 36,100 area has been strong resistance kind of get through there over the next few days or will it go back and will the 35,535,400 area hold the support so far this is very very good action we're looking at the S&P pulling back just a hair from its intro day high and but it's still up to at 4689 this has been a really good I wouldn't I called more than a rebound because that has been a very sharp move to the upside I'll talk about the weekly charts a monthly charts when we get back with the Tiger technicians are in a few minutes but look at the QQQ a little bit weak today sound 44 cents at 397 30 what we are looking at is it's above the trend line resistance so far with good the MacD hasn't been positive and neither has the 9 period moving over the 14 period moving average in the daily chart so far this is very good action not great just yet and it needs to hold the 39 I'd say 39 393 area needs to hold we're looking at the IWM the Russell 2000 the Russell 2000 is the small caps under yesterday's high so far had a very nice bounce treat is about so far up 23 cents at 224.29 it really needs to clear the resistance level it needs to get by Thursday afternoon Friday it needs to be touching the 228 and certainly holding the 221 support level now gold is going to be very interesting it's just it's kind of unchanged right here in 1785 it's not doing very much and I said some time ago that the Bitcoin will be the trading vehicle not gold and gold is not more into day and then I said back in November uh-oh now Bitcoin is looking like it's highly vulnerable and it's gone all the way to the 200 period moving average now let's see if that starts to stabilize very important hey crude oil crude oil is unchanged at 7198 and the TLT bars we're talking about when I get back from my tiger this is how I'm going up I'll be back with tiger this is how I check my old people but they said back in the boat