 Good morning everyone, Basel Chapman here on this Friday the 20th of January and we've got the 10 o'clock Tiger Financial News Network Market Update 1062 at 32,980. That sharp sell-off that continued into Thursday actually continued today has the Dow in a sell mode and it's getting really close to the support level that's got to that's a sell signal upgrade to a sell mode that's just the designation on the daily chart the weekly chart is still holding pretty well but what we're looking at is with the next two three days the Dow really needs to get back to the 33,000 300 area we're watching this very closely looking at the S&P the S&P has pulled back from a peak DF the 200 period moving average nothing technically bad here there isn't all that much strength in the stochastic at 68% but they make these holding in the lines above the 14 I think there should be some kind of a rebound yeah it's very important that there is one just to say hey I'm getting back to that selling pressure that we had the other day looking at the QQQ up a dollar 90 at 277.04 not bad action above the 9 period moving average did make that peak D that we're talking about in the Chapman Wave methodology that's the fourth highest peak where other things can happen certainly is pulled back but holding quite well we've got to see it next week start to go into the 291 293 area so that it breaks decisively above this inside track repellent zone IWM is the one that we're focusing on here holding very nicely here it's up a dollar 10 at 183.13 got that 200 period moving average at 184.80 as resistance we'll see what happens it needs to hold us 179 over the next two sessions and we're looking at gold I'm wouldn't be surprised if gold starts a little bit of a pullback from this leg F it could be an alternate count but the MACD is very strong stochastic still at 84% on balance volume has pulled back but holding above the 9 above very well above the 9 period moving average and that's above the 14 says there's a tremendous amount of support unless gold for some reason breaks to 1860 1860 says oh now there's a problem but this particular point is to go to place I guess looking at the TLT the TLT is bronze down 78 cents at a 107.18 got to a PEE double top and see if it holds and we're looking at crude oil as we go to the break and we're going to go to the Tiger technicians our mind show at 10 o'clock 10 or 16