 Everyone Basel Chapman for the Tiger Financial News Network 11 a.m. Market Update does now up 80 It's been all over the show 34,793 Look how important the 200 period exponential moving average is back in that September 20th low of 32,613 Hit it it was above that and had a beautiful right to the 36,565 all-time high in Early November down to the 34,022 level first of December. What was that? Exactly on the 200 period moving average today We nicked it and we try to rally off it really important the next couple of days to at least get some decent kind of a balance Otherwise is a problem especially if today we end close the day with another very negative session So we're going to watch this really closely and the weekly chart is suggesting. Yeah We are making a PE but let's wait for Friday's close the S&P the S&P right now is trading at 4475 it went all the way down to just above the the 4040 to 200 period exponential moving average. I went down to 4420 and now straighting 550 points higher and 4470 down only eight But it has gone from the left side arch formation down below the 4495 low of December so we're going to watch this close. It's really important It looks like it's a G in the weekly chart because the QQQ 123 there we go QQQ way below the 200 period moving average of 364 it went down to 354 Trading 359 let's just hope they could be a decent balance today because otherwise Monday could be ugly IWM is ugly. It is a green candle right now 93 cents at 201 But it went all the way down to the 197 60 level This is not very good Look at the weekly chart and gold is coming back a little bit It is down seven up to came back and then it's rallied a little bit announced back down seven Making I call this a PD in the daily chart, but holding very nicely the dollar I didn't do this in my show that I did missions out is pulling back I'm expecting the dollar to pull back under 95 30. He said 95 58 right now and Crude All is in this double top area in the 56 57 range. That's right 80 86 87 range at 84 95 Let's see what happens if it can spiral all the way into the 91 area by the end of next week That's unbelievable for for Crude all but at this point I'm expecting it's gonna have a bit of a sideways trading range as a bull strength for the next move up very important Look at the TLT TLT was up sharp. We had the dollar 33 143 27 Does it hold this money come out of stocks into the safety of bonds or what do we see? Thank you for Larry for his event I should be quite sure with all the programs coming up today Larry then Steve then think of swim and Dave White and Tom O'Brien have a wonderful weekend check out my opening call my day