 Good afternoon everyone, Basel Chapman here for the 3 p.m. Tiger Financial News Network Market Update. The Dow is down 30 points at $33,564, it's been struggling over the last few days. One of the things that we're looking at is $33,900. That's going to be the area that the Dow needs to clear over the next couple of days, otherwise it's going to have a problem because the next test will be $33,233,000. You're looking at the S&P, also making an arch formation and it's down 10 points at $39,30. And here again you're looking at the daily chart here on the left, the middle is the weekly chart and the right is the monthly chart. In this daily chart you can see that the green nine period moving average is still above the 14, but it's getting really close to turning down. So we're watching this because at $39,31 the $39,05 to $38,93 area is going to be key support. Looking at the QQQ NDX100 trading vehicle, made a little doji candle high about five sessions ago, making another one now on the day. Is this going to be a halfway marker or is it going to be a reversal to the upside? Down to $124,280.46, it needs to get to the 286 level in the next few days because under 278, I say 277, that's a big problem. This is the daily chart we're talking about. IWM also struggling, it's only down 16 cents at $179.91, but it has failed to clear decisively the 200 period moving average at $186. Here it is at $179, it must hold $176. Looking at gold, fabulous down gold, really strong, up almost $20 at $180.02 above the 200 period moving average. Look, I'm going to show you in the next hour coming up, or this hour coming up I should say, I'm sitting for Tom O'Brien. I want to show you the importance of the 200 period moving average. We'll talk about that. Look at the dollar is trying to rally earlier on yesterday. Today, it went a little higher now, it's down 50 ticks at 105.08, struggling right at the 200 period moving average. Looking at crude oil, very, very weak. It's down 72.37 down almost $2, making a lower low than the September low, and that's kind of important. It's saying that crude oil is just not finding any strength at all. And I'll talk about natural gas as soon as we get back. It's trying to make a little turn here. So with that said, I'm coming back for the Tom O'Brien show. My pleasure to be and honor to be the host. See you in a few minutes. Stay tuned. Great stuff to look at when we get back. See you in a moment.