 EFNN, The Tiger Financial News Network News Update Everyone, Basel Chapman here on the Tiger Financial News Network, 10am, Eastern Time Market Update and we're looking at the Dow down 40 after being down quite a lot more, it was down to the 34,615 area, that's the area I said to subscribers to my opening call, watch out that's got to be support and now we're only down 45 or 34,772, the S&P also got a little bit of early weakness but now it's coming back quite nicely, did I just type in the wrong place, I did, there it is, the S&P is right now it is up 15, this is really important because you want to use this nine-period green exponential moving average as key support, it did that Thursday, did that Friday and now it's using it again today, MACD's good stochastic is 84%, that's good so this is a very good sign but I want to see 4,600 sometime this this week, the QQQ and I said to subscribers we are going to move closer for the last couple of days we've been looking at the NDX playing catch-up, the index 100 and wow is this catch-up up four and a half points at 366.41, this is really important because in the Chapman methodology a buy signal to a buy mode implies at least four higher peaks, we've only got to a B, there should be a C, about 37,371.83 sometime this week and that'll be really good if we don't break down or start to trade back under the 3.55 level, looking at the IWM, the Russell 2000, it's struggling here, it's down 59 cents in 2001, gold, this is going to be important because gold is just in this trading range and I said a rectangle formation can last a lot longer than your patience and it's kind of stuck between the 1955 level and 1900, you're looking at crude oil, pretty much the same thing crude oil is now trading up 4.24 at 103.51 acting really well but still stuck in a range, we'll see how that range lasts this week, this is going to be the key, the TLT down again today, down at 131, it's a very nice leg to the upside but that's no good, you need to see the TLT treasury bonds up in the 134, 135 area by Wednesday to say aha, maybe in a shorter term situation yields can be coming down, we'll be back in a moment for the Tiger Traditions Hour, don't forget I'm doing a webinar for subscribers to my opening call Wednesday week, April the 13th, have a wonderful rest of the day, hope you can stay for the show, Tiger Traditions Hour coming up in great programs, yeah.