 Hi everyone, Basel Chapman here. This is the 3 o'clock Tiger Financial News Network market update on this Wednesday the 16th of March. The Dow screamed all the way to 34,075. Then as the Fed came on and spoke about seven rate increases of at least thinking about it over the coming months. The market plunger went down sharply. It actually went down to the $33,391 level. It's almost 300 points above that right now. Up 110. I'll talk about what I think is a crucial psychological part for the market. I'm not a psychologist but we'll talk about it in terms of market psychology as soon as we return for the Tom O'Brien show where I'll be guest host. Let's look at the S&P. SBX right now is trading at... We did not type that. It just disappeared. I'm sorry. S&P is trading at up 41. And that's really amazing since at some point today it went all the way to the 43, 47 level plunged down to the 42,51 and yet it is 50 points higher. 43,02 up 39. When you were looking at both the Dow and the S&P it's really just in a rectangle move. It's just going sideways between a trading range and that's what we have to discuss when I get back for the Tom O'Brien show. QQQ is having a nice move up up 650 at 334.70. This is a small cap index and we're looking at just the hitting resistance and pulling back but holding quite nicely here up 1.9%. We're looking at the IWM. That was a QQQ. Now we're talking about the small caps, the Russell 2000. Stuck in a range at 199.31. Good action but it really has had good action most of the week but it hasn't broken out. It's in the middle of the range. Really what we need to look at is gold. Gold is down 15 at 1914. It slipped to 1895 earlier on. It's coming back. The technicals are suggesting that just on the shorter term, the gold's going to have a lot of resistance at the 1953 level. We're looking at crude oil, crude oil held quite well. It's now down at 95.13 down $1.30. It looks like that 93 area is going to be critical to hold if it does slip anymore and we're looking at the TLT. This is a story. What did the Fed have to do? The market, the bond market has done everything for the Fed. Rates have slipped to the upside. The TLT is at 132.13. It made a low today of 130.32. A lot of the Fed's work is done and I think the market is going to look a little bit ahead and maybe run into 13.13. We'll see you there. The reality.