 news update. Hi everyone, Basel Chapman on this 19th day of January and this is the 10 a.m. Tiger Financial News Network update and we're looking at the market with a down up 137 at 35,500 off the yesterday's really bad red candle underneath all the support levels. This is a balance as I said to my subscribers to my opening call. We remain short the down and see what happens after this. We're looking at the S&P up 29 at 4606 it's holding it's gone under but now it's holding the chat wave inside track it should be the propellant zone it went underneath the let's see if it's able to get to 46 22 over the next two days that's going to be important because a new low would be very negative especially on the weekly chart because the QQQ so the S&P is up 0.71% that does up 0.44% and the Q's up 1% that's good up 362 at 374 we're looking at also an inside bar so far yesterday is very interesting the down the S&P and the IWM both broke the left side lows the QQQ and DX100 did not that's a good sign but the weekly chart has gone outside below the inside track propellant zone now it's a repellant zone beginning to be watched as very closely all I can say is a movement below 367 in the next few days would be very negative we're looking at the IWM the Russell 2000 excuse me up 29 cents at 08.16 is taking out all the left side lows it's made a low yesterday in the 07 this right now it's a 08 not a good chart pattern the rectangle formation talking about the rectangle formation what we were talking about on my show is that the dollar should go out of the rectangle formation below 95.52 and they come to revisit it back into the 95.67 area and then go back out under it and it's a 95.58 we're going to be watching this closely why because gold is a good opportunity here to move sharply higher it's up 15 at 18.27 if gold gets to the 18.35 area that's going to be a good sign and the TLT we'll talk about in my show coming up the tiger conditions hour just way down with yields going up I'll be back for the tiger conditions hour in a moment and check up openly call my daily news items see you soon hope you can stay thank you