 TfN News Update Hi everyone, Basel Chappell for the 11 o'clock Tiger Financial News Network Market Update. I do my show The Tiger's Edition now, I tend to 11, just finish that and I have the opening cold dating newsletter, that's my service here, 1055 at 32,311, I couldn't say that just a little while ago, it was down sharply, off the low of 32,038, trading at 32,309, we needed that was really important and the reason why I didn't get into the short position today is that there were enough signs to say that might not have been a one-off move to the downside, yes, got to respect that, but there were internal signs of strength in different areas, we'll see what happens the day is young, anything can happen, but if by 2.20 this afternoon, if we are down more than 300 points, watch out for Monday, if we are up even at 50 points, kind of saving the day, I think that'll be a very big thing, look at the S&P, the S&P went all the way down to 38,78, it's trading at 39,11, down only seven points right now, that's really important, you're looking after QQQ, which earlier on tried to rally and it then failed, now it's down only 29 cents at 2.90, 2.30, it needs a 2.96 by Monday to say, just save myself there, look at IWM, the Russell 2000, that's been terrible all day, now it's still down 250 at 1.78, 90, that's really struggling, now this is going to be the issue, does gold hold its gains, so far it's up 33 points at 1868 as the dollar, oh I didn't do much of this in my show, I did show it but not enough, the dollar came from a P&T Doji candle target at 103.38 and now it's down to 104.11 and that is a big deal because together with the TLT, which was screaming to the upside, still screaming, it's up 3.57 as a safety haven, that means yields are coming down, that's a really good sign, so I'm thinking if this can happen over and over again and finally the jobs numbers starts to decrease because that's what's going to happen if these incidents keep happening, maybe the Fed gets its wish and we don't have to test the October laws, we'll see, all right within that context the volatility index, keep an eye on this, it's not out of the woods, had a big screamer to the upside, the risk went to 25.11, it's at 24.07, if by day's end there is actually a pullback and the VIX is under 23.60 and the Dow manages to hold a plus 70 or more, that should be actually close as positive, that'll be that'll be a help, it really will be, I'll stay here in great programming coming up all day here at TFNN, check out my opening call, I'll be back on Monday, hope you have a great weekend, thank you.