 nn the tiger financial news network update 101 basal trap and this is the 10 o'clock tiger financial news network market update and we're looking at the Dow down let's just get this right 295 at 31536 a gap down looks ugly but underneath the trap wave inside check support level mac these reeks the gas is now down to 5.6 remember under under 10 percent is very negative under 20 percent says that that's what you want to see if one was short because that that can keep that price down and so far it's down to 5 percent level it's going to take a lot to get it back above 12 or 15 percent looking at the s&p also very weak right now it is down 47 at 3887 this is extended this leg g slash c in the trap wave methodology all that weekly chart just looks absolutely terrible and now it's impacting the monthly because the monthly very long-term inside track support level has been tagged the week is this month is young we'll see what happens by the end of the month we're looking at the qqq there we go 1 2 3 1 2 3 we go and that is the qqq a little doji candle right now a little sign that's good but it's down 4.6 at 287 really important looking at these weekly candles how tomorrow closes and then what happens Monday so we're looking at the IWM the Russell 2000 also a little doji candle down 98 cents at 169 67 what's really important is that gold which is down 16 at 1836 is making lower lows and lower highs but when you just put into this perspective of the dollar the dollar is is the currency of choice it is the place to go to it is the place I think the United States economy probably is still one of the better ones in the world but there are other things that are going on that makes the dollar desirable 104.49 looking at the TLT we've been doing about that all week that bonds should have a decent rally well it's an okay rally it's gone from the low I just keep typing that in I keep missing it and that's from the low of 112.62 to 118 that's six points well six points up it's had a lot of six points down this is the first six points up in hadn't quite a while so we'll see if the if the dollar can hold and what's also very important is that crude oil is within its range it is up to 40 it's down 41 cents now it's stuck in a range I'll be back with the tiger kick yourself a lot to discuss and a lot of stocks we can't be looking at as soon as I return check up open for my daily news