 This is TFNN, the Tiger Financial News Network News Update, everyone Basel chapter here on Monday, April the 4th, we're looking at the Tiger Financial News Network, 10am market update dollars down 40 are at 34,000 670s. After a very interesting session on Friday just bumped into you remember the trend lines I like to look at this one called the falling axe pattern in the Chapman Wave method right to like an expanding wedge as declining. And if we can see in the next two days some kind of a rally that takes you over in the Dow above what price is that 34,908 not only will that be very positive but it'll say that within this rotational aspect the Dow is showing strength, the S&P is struggling some, the S&P is down 34 at 44.53, this is the 500 stocks it's the broader market, the QQQ which is the index 100 trading down 4.5 at 344.50, this is not very good action if you look at the IWM it had been much weaker today it's a little bit strong it's up 65 cents at 198.53 that is the small caps, small caps today are showing some strength and if you look at gold gold made a new recovery high and that was really important when all the way to 1974.6 is within this rectangle formation it's pulled back it's now up 9 at 1954 and what I'd been saying is you if you can see gold start to trade in the 1978 to 1982 level that's a breakout that's very important it doesn't mean to say it's going to soar the way to the high of the 8th of March it does say though that it is making higher highs it's forming a tremendous base in the 1940 to 1930 area that's a good sign if you're looking at crude oil it's the exact opposite crude oil is pulling back it's down four points at 94.32 this is the pattern I'll be discussing Wednesday night in my show I was going to be in my special that's from 4 o'clock to 5.30 for subscribers to my opening call it is going to be a webinar based on all these different techniques there's the lower case H pattern that we talk about all the time and if you're looking at the TLT which I'll have to talk about when we get back lower again today down $1.50 I'll be back in a moment and do the type of technicians are hoping to stay otherwise have a great day