 FNN, The Tiger, Financial News Network, News Update. Good morning everyone, Basel Chapman here, Tiger Financial News Network, 10 am market update and this Tuesday the 16th of August is seeing the Dow up 62 at $33,976. Now I said to subscribers to my opening call that I anticipate that the $33,900 will be strong resistance going to $34,000. Will we see the $34,000 broached in the single leg up that's gone on for this is the third, fourth, fifth, fifth day since the gap up and that's since about the eighth or so of August. We'll see. This is the spectacular because it's pushing away from the 200-period moving average for the first time making the $33,133,000 really strong support on any very strong weakness. We're looking at S&P at this particular point also very nicely up just turned down down 8 at 42 88 and yesterday's high of I believe it was 42 I got that right there yeah so yesterday's high of 42 no it was 4301.79 that's going to be important because there's an alternate count here in meantime let's just say holding quite well after fabulous five days looking at the QQQ down 2.53 at 330.53 this is gonna be very important because that is just a little bit above the 327 200-period exponential moving average but has done very well up until now IWM the Ross in 2000 also pulling back $1.50 at 1.9940 this is 1.94 is key support this week and we're looking at gold gold was down earlier it's still down 7 points at 17.90 after that peak D 4th highest peak in the Chapman wave sees a pullback and now it's a little bit under the 14-period moving average and one of the reasons is that the dollar has shown quite nice strength it's up 12 ticks at 106.67 up away from the resistance level so that makes 105.30 the near-term support looking at crude oil crude oil has just bounced off the 200-period moving average it's up 30 cents at 89.71 that 200-period moving average has been the magnet for it for two weeks now and the TLT right now the TLT is down so yields are going up TLT is down 98 cents I'll be back for the target technicians hour in a few moments hope you can stay and