 T.F.N.N. The Tiger Financial News Network T.F.N.N.N. Headline News Update Hello everyone, Basel Trapper here. This is the Tiger Financial News Network. 10 a.m. market update. Dowsed down 251 at 32,610. Very good chance that this jet wave inside wedge resistance line has this market pulling back a little bit for a peak C today in the methodology in the Chapman wave which should go to at least four higher peaks so we should still see a higher high. Then on Friday this week that might be a little tough and we'll talk about that in a moment. Just in the near term we'll see what happens. We're looking at the S&P which is already in leg D. Remember the objective in the Chapman wave is to get you to a D and then other things can happen. While we're in a leg D possibly a peak D right now the S&P is down 30 at 38,70. But in both the Dow and the S&P case the MACD is good. The nine period is way over the 14. The stochastic is flat at 88 percent. That's really good. The missing link here in the S&P is the unbalanced volume is just not there. That's not a good sign. QQQ. NDX100 stalling a little bit down three and a quarter at 277.79. It really needs to get to the 286.288 area this sometime this week somehow because if it breaks under 271 that's a real problem. IWM the Russell 2000 struggling a little bit but it's actually a better chart formation than many of the others. Down just 58 cents at 182. Still under the 200 period moving average but holding a lot better. The MACD is good. Stochastic is at 89 percent. Gold down four dollars at 1641. It's just really struggling and one of the reasons obviously you have to consider that there's this counterpoint because the dollar is showing some strength. It's not very big. It's up 77 ticks at 111.43. I'm saying not very big in relation to the pattern but it has avoided the arch formation because it's come back into the trading range. So that's important there looking at the TLT. TLT is down again. So yields are up a little bit. TLT is at 96.20 down 60 cents and crude oil is down some down 50 cents at 87.40. It's really struggling at the Chapman Wave inside track repellent zone. We'll talk about that when I return. Tech conditions are coming up and check out my opening call my dating newsletter. Be back in a moment. Hope you can stand.