 is T F N N the Tiger financial news network headline news update. Good morning everyone Basel Chapman here this Tiger Financial News Network 10 a.m. market update and a rather cautious Basel Chapman here because of all the work that we did last week talking about some kind of rotation rate rotational correction coming up that might not be very severe but at least it looks like some kind of a pullback is needed. We've got our peak D always in the Chapman wave methodology. We're looking at D as a potential turnaround area. We have turned around a little bit. Dow's down 336 and 34,091. You're looking at the S&P also rather weak. The S&P at this point is down 48 at 4,024. Also after peak D at 4,151. There's a doji candle at the top there. One, two, three. There we go. Q Q Q made a doji candle peak E and is pulling back just a little bit down 3 at 289. Look at IWM the Russell 2000 making some kind of a double top here. Peak C1 C2 or it's a peak F at 184.52 and minus 3.55 at just having that 200 period moving average resistance looking at gold pulling back when we're anticipating that gold has been really strong but a little bit as a short-term overbought as the dollar maybe is trying to find some kind of support at its 200 period moving average. So gold is down 20 points at 1790. We'll talk about silver etc when I come back for the Tiger technicians hour in a few minutes but look at the dollar. The dollar is in fact trying to form a little doji candle here at the bottom up a 4 cents at 104.56. I don't think you can go too far to the upside but I do see some kind of an oversold bounce possible this week looking at Crude oil. Crude oil is up 1.20 at 81.19. It needs to clear the 84 level 200 period moving average to start changing the trajectory in the very near term to up rather than down and the TLT bonds trading down $1.50 at 105.50. Got a potential peak F here and that just says in this particular phase we might see yields start to climb just a little bit and we'll be looking at the volatility index which finally is showing something it's up $1.57 at 20.63. If we get to the 23 level at any time in the next two days we've got to watch that closely. Basel Chapman Tiger technicians hour coming up in a few minutes time and check up my opening called 80 news editor and check out the huge sale that's going on at TFNN plus a mug. I'll be right back in a few minutes hope you can stay.