 One every one Basel Chapman here for the 11 o'clock tiger financial news network and updates and market update we down 110 in the Dow at 29,926 off the being down 400 over 400 yesterday and then closing up over 800 just a spectacular session well as I was saying in my show the tiger conditions are just a moment ago it really was a four in one session so we should be giving back one of those quarters which is in the Dow which would be almost three 400 points and we haven't done that yet so this is so far pretty decent consolidation we're looking at the S&P and don't forget folks we start off at 9 o'clock with Tommy Tommy O'Brien market kickoff they might show the tiger conditions our and then we got Steve Rhodes we've got a thing or swarm we've got great programming here we've got Dave White Tommy O'Brien wraps it up so stay tuned all day we're looking at the S&P down 31 and 36 38 coming off the low it's struggling to break above the 14 period moving average of 36 80 whoops of 30 is that correct 36 80 in this training 36 oh it did that 37 12 earlier this morning yeah 36 80 needs to get above and quite soon in fact maybe today even we're looking at the QQQ NDX 100 coming off that low very sharply but just being repelled of the 14 period moving average down three at 265 58 the technicals are starting to improve but they're not that great IWM Russell 2000 actually the technicals here are just a little bit better than the others Australian down a dollar 27 and 170 gold gold is down 20 it's really struggling but the dollar really the issue here is that the dollar is so strong it's walking in the 14 and 9 period moving averages up 0.57 at 113.03 I was saying that the two patterns here one is the arch formation that makes the dreaded H and that'll occur if the dollar sauce next week to go under 111 110 70 but if it starts to break above 114 20 it's that V shape pattern or the cup formation we're looking also at the TLT or I never did that in my show I meant to do that but the the yields have been rounding because that the bonds just cannot get any traction to the upside so folks as I wrap it up you can have Steve Rhodes coming up a recorded Steve Rhodes and then great program as well continuing for the rest of the day what I want to see is that the Dow after 2 o'clock is down only 35 to 40 points rather than down 300 and the S&P is coming back to maybe only 18 minus 18 that'll be a great digestive session and allows for some continuation on Monday that's what we would like to see have a wonderful weekend check out my opening call I'll be back Monday