 Good morning everyone, Basel Chapman here. This is the 10 o'clock Tiger Financial News Network Market Update on the 17th, Wednesday the 17th of January. We're looking at the Dow down 113 at 37,246 is consolidation that I've been talking about for about three, four weeks now, starting to come and we're making now we're making lower lows in the Dows nothing not a big deal but it looks like this week we could actually get a peak in the weekly chart that's going to be important in terms of the analysis for the next few weeks. The S&P is down 39 to 47,26 also a little dodgy recent high at 48,02 down to 47,26 that means that that weekly chart as well could in fact pull back a little bit more but we're looking at the QQQ and the X100 trading vehicle and we're actually looking at it down much sharp it's down six six and a half at 403 so down 1.5 percent that's a lot but in fact when you look at it we still up in the way up in the higher regions the all-time high is 412,82 and it's not a big deal that we've pulled back a little bit here looking at the IWM that's a little different. IWM is just making lower lows and lower highs down almost two points at 188 yeah this is not so good but now let's go to the gold. Gold is down sharply down 14 to 2015 someone in the den said why is it getting so complicated actually it's supposed to be simple that if the dollar is up gold becomes a little vulnerable and when gold is up it becomes vulnerable the other dollar is up 20 to ticks a 103.56 is getting close to the 103.79 200 period exponential moving average that's been really strong resistance the moving average has been it's a different price but it has been resistance and look at bonds the yields just keep going higher bonds are down a half a point at 120 in 20 30 seconds and if you're looking at crude oil crude oil is in fact down dollar dollar $271.13 that 200 period moving average in the week is like a like a magnet at the 6826 level. I'll be back in a moment the VIX index is up at 15.31 about a dollar 40 higher. I'll be back take your technicians out check out my opening call daily newsletter and I will see you in a few moments very exciting session coming up actually.