 news update everyone Basil Chapman here tiger financial news network 10 a.m. market update on this December the first Wednesday first half hour of the trading month we're looking at the doubt 310 and 34,794 wow a lot of reversals up and down and up and down the red candle green candle red candle today we've got a green candle so far I suspect based on the volatility index very high yesterday Chapman we've shouldn't date very high yesterday the Dow hitting exactly the inside wedge target is a support line that a bouncer would be coming today how strong how long and how far this balance can go is really important we're looking at the S&P so the Dow is up a point 87% the S&P's at 1.29% up 58 at 4625 yesterday yes the nine period cost under the 14 period moving average that is a negative but we'll see if there's a bounce that can go into the 40 46 48 46 52 area this week that might change a little bit we're watching the QQQ which is the NDX 100 that is up 1.16 a little lagging a little bit and that's the thing that we were talking about I'll do this in my show the Tiger technicians are coming up in a few minutes how when there's an art formation off the sharp pullback that H pattern how it pulls back at a peak a just one peak and then pulls back that's going to be key what we're looking at the IWM the Russell 2000 deeply oversold had a really strong balance is up 2.42% at 520 at 223 it should have a decent bounce the TLT that's bonds bonds are down a little bit but up at the higher range but at 150.18 we'll see if they're able to go to the 152.50s or if they slide back down to the 148 looking at crude oil crude oil at this particular point is trying to rally off a really deep pullback and it's up to at 68.21 and of course we want to hear about gold what is gold doing gold is up 14 points at 1790 it's underneath the key support level it really needs to get to the 1808 1812 area to say I've got stability to the upside again Basil Chapman I'll see you in a few moments and check out my opening call my daily newsletter be back in a moment and for the Tiger technicians I hope you can stay great program all day