 TfNN, The Tiger, Financial News Network. News Update. Good morning, everyone. Basel Chapman here on Wednesday, the 4th of January. We're looking at the Dow up 30,000, 30,000, 165,000. It's trying to rally, but I'd say to subscribers to my opening call, let's be a little careful here. We've got a rectangle formation and we can remain in this rectangle formation a little while longer. Maybe I have to retest one more time. Maybe the 32,700 don't have to, but that's kind of the way these patterns work. If you can stay in a narrow rectangle formation, it can last a lot longer than your patients. Looking at the S&P has a different pattern, actually quite a different pattern altogether. It's also got the cluster formation, but it's way underneath the 9 and the 14-period moving averages in the daily. The weekly chart is still quite negative and it's up 13 at 38, 38. It really needs to get to the 38, I'd even say into the 39s within the next few days to say, now it's got the kind of strength that it should have had earlier and it didn't. Looking at the QQQ and this is going to be very interesting because you've got stocks like a Tesla that's trying to rally in a couple of the ones that really have been beaten down, but overall you're up 36 cents at 264.95 in the QQQ and it's kind of striking here again you need 273 to say, ha, now I've got some upside momentum. Haven't got that yet. IWM, that's a Russell 2000 small caps, acting a little bit better, up $1.89 at 176.24. I'm watching this closely to see if in this particular timeframe, this is often where you find that the small caps early in late December, early January, where the small caps can come alive. They haven't yet. We'll see if that does happen. Now this is going to be very important because gold is up again at a new recovery high up 17 at 1863. This is kind of a breakout above all the resistance levels and that turns the whole area of 1863 right now, it turns the whole area of let's call it 1840 to 1810. Very good support. Looking at the dollar tried to rally, couldn't rally the other day. Yesterday did rally, but today it's giving it back. It's up, now it's down 58 cents and 108 and the TLT, this is something to monitor because the TLT is rallying and that's the TBT is the inversion. That means that yields are actually pulling back. That's going to be quite important. I'll be back in a few moments for the Tiger technicians hour and check out my opening call on my daily news. The dollar is up 185 right now.