 news update everyone basal job in here on this 14th day Friday January we're looking at the Dow having gone quite a bit lower still low it's done 200 points at 35,900 we're looking at that patent then I call the dreaded ace the lower case H but this is very selective look the Dow is down about point five percent the S&P had a very sharp pullback in the E minis and now it's just down three point seven four at forty six fifty four also making that pattern that I call the dreaded H and what are we looking at in terms of support for the Dow certainly a break below the thirty five thousand eight thirty area would be quite quite important to monitor because that was suggested early next week we could start to go even lower how we rebound today by the close is going to be really important so the S&P now it's down eight I had that early sell-off early rally most importantly you want to see the low of the day 46-23 that has to hold no matter what I think it will today but we're looking at early next week QQQ in New York's 100 coming back from earlier on went down to 374-86 trading at 378-83 right now has that same pattern low lows lower highs arching over fails at that first peak peak ace done that numerous times since the the top was made November the 22nd kind of monitors are really carefully to go with that you've got the SMH's semiconductors in a range I'm going to talk about that in my show the Tiger traditions our number of people asked me would I look at various things in the semiconductors very important index for us so we'll be looking at that is up 2.8 303.37 let's go to the IWM the Russell 2000 again failing failing failing down 97 and 230.06 it's in the low range of the rectangle I'm going to talk about that in my show coming up you've got gold gold is down ups now it's up is up a dollar point four at 1822 holding really well now this is the test for gold early next week we start to see gold trading in the 1835 or higher area that's going to be significant because the dollar the dollar is struggling down here at the 94.97 level and crude oil had a really nice rally it is up sharp is up 86 cents at 82.98 I'll be back in a moment for the type versions how I have one for weekend and certainly