 news update. Hi everyone, Basel Chapman here for the Tiger Financial News Network 10 a.m. Market Update and what are we looking at here? We're looking at the Dow down 130.35800. That high that was made at 36,565 came down sharply from the 8th of November and yesterday I was warning that if there is a leg A that goes to a peak A and it turns down sharply watch out for the pattern that I call the dreaded H it's this lower case it looks visually like a lower case H I'll just get this right here show you look there it is it comes down sharply tries to ready fails and either to peak A or B takes out that f side low and that can I call the dreaded H because if you take that out you can go a lot lower so he has the Dow in the sell signal and I say this morning that it's upgraded to a sell mode here we are in the sell mode in the Dady weekly chart I'm calling this at least chance of a peak D but we've still got tomorrow Friday Friday at four o'clock we'll discuss that now we can go quickly through the others we're looking at the S&P rolling over just a little bit but it's still stuck in the higher range had a higher of 4718 about eight sessions ago and it's still stuck in kind of a rectangle formation talk about rectangle formation we'll look at this the QQQ has formed a V-shaped pattern almost like a rectangle in a way and can it go to I'll talk about this in my show coming up the Tiger technicians our cannot go to 401.00 to start a leg D in the Dady chart that's going to be really important of course you've got Nvidia with really strong action today let's see how it closes now let's go to the IWM the Russell 2000 Russell 2000 as I've been saying week week week had the dreaded age pattern took out the left side low and today's even lower it's still right or closer it's all time high but pulling back very sharply in that rectangle formation I spent some time on talking about yesterday let's go to gold gold right now is down eight it's in this consolidation phase after making a recovery high three days ago it's a dollar we're going to be washed closely because the dollar it's pulled back in leg C maybe a peak C it should have one more pop to the upside and then take a bit of a breather and we'll go to crude oil crude oil is now down oh it's turned up it's up what oh no that's not crude oil that's corn corn is up crude oil is up slightly up 52 cents I'll be back in a moment for the Tiger technicians out and check out hopefully call my Dady newspaper hope to see you in a few but that's my second question