 news update. Hi everyone, Basel Chapman here on this last day of the week. This is the first trading week of 2022 and we're looking at the Dow at 10am, the Tiger Financial News Network market update down 20. Try to come back from a lower opening, but this is not bad. It's right on the 14 period exponential moving average at 36,218. You're looking at the S&P and just three days ago made an all-time high of 36,952. This is a very bifurcated market. You can see it very quickly. Here we go, the S&P weaker than the Dow. Quite a bit weaker just in price, but just the chart pattern says yep, it's pulled back sharply from the 48.18 all-time high on the fourth of January trading right now at 4700 up 4 trying to really try to find some support of the long-legged doji camera from yesterday. It needs to get into the 47.40s to suggest that it has a balance that could last a little longer. Otherwise it's just going to be a little bounce and then we go to lower lows and lower highs. It is in a sell mode. This is the S&P in a sell mode in the daily QQQ. We've been discussing that all week how it got repelled at the chamber. Inside track repellent line. This is in a sell mode in the daily and we're watching this weekly today at the close. We'll see what happens. I suspect that it's going to be sideways and it's really next week that's going to be the tell all the way around. You're looking at the IWM trying to rally here. Showed some nice nice strength right on the 200-period moving average and it's a 219.57 up 97. I think this 200-period moving average at about 219.30 is going to be a magnet both up and down. It's going to sustain keep that price in this range for a little bit longer. You're looking at gold which was weak earlier on. Then add a bit of a bounce and now it's up to yes it's the same sort of thing in a range. It almost looks like the yields. It's in a range. It isn't going anywhere fast and we're watching the crude oil which had a nice early rally giving back some right now. It's only up a penny at 47.48. In leg D in the Chapman Way methodology. This is where you've got to be a little careful at that fourth highest peak. We'll watch it closely. But in the meantime it's 79.45. Really good action. It's the TLT that needs to be discussed. We've been discussing it all week. It's weak today at 140.251. Now that is sending the yields up a little higher. In fact I'll show the chart when we get back with the Tiger Technicians Hour of my triple yields pattern on the weekly chart. Very interesting. Hope you can stay otherwise. Check out both of my daily news. I'll be back in a moment for the Tiger Technicians Hour. Hope you can stay.