 is TFNN, The Tiger, Financial News Network. News Update. Good morning, everyone. Basel Chapman here on this very first day of February and we're looking, we're going to be looking at my show, The Tiger Continuing. This is our coming up in a few minutes. We're going to be looking at the monthly charts. What happened in January? What does it mean for the monthly charts? But let's go to the daily right now. Dow's down 153. At 33,931, a couple of news reports have come in. Obviously, it must have been something at 10 because you can see the E-mini, which is trading, has the one-minute chart beautifully moved up very sharply to peak C1, made a peak C1, C2, double top and it came tumbling down from the 4089 area, went down straight to the 4076. I think we're in a holding pattern until we get to the Fed speak. We'll talk about that as well. But in the meantime, with a doubt, it really says we're kind of in a trading range right now. Look at this. Here's the S&P. What's the resistance in the S&P? Resistance is we're at, we're down only six points at 4,070. Got a lot of resistance in the 4090s. How it breaks above the 4090 is going to be very important, but you've got a tremendous amount of support all the way down to 4033, 4010 area or 4,000. So it could be in a trading range for a little bit. Just to start of February, looking at the QQQ NDX100, also down just 10 cents at 294.53, holding very nicely. Got that 200-period moving average. Just the head is really strong resistance. Looking at the IWM, the Russell 2000. That has moved nicely above all the resistance points and it's actually only down a penny at 1,901.50. So we're going to be watching this one carefully because it is even the weekly charge, so it improves the small caps by actually doing a little bit better right here. Looking at gold, gold was up a little bit. Now it's down four at 1941. Really watching this really closely because the 1928 support is going to be really important. Closes under that, it says up, to start to go down to the lower level of the 1918-1912 area. Watching that very closely. Look at the dollar. Dollar is doing nothing. Dollar has been attempting to rally and it keeps fading. It comes right back into the one-on-ones. It's at one-on-one 78. Down to the US bonds. What are the bonds doing as we go to the break? Bonds are about unchanged. Look at the crude oil. Crude oil is in the lower range and it is down today at 78. I'll be back for the Tiger Technicians Hour. I hope you can say great programming here at TFNN. Check out my opening call. My David Nielsen.