 This is TFNN, The Tiger Financial News Network Update. Good morning everyone, Basel Chapman here, Tuesday the 9th of May, we're looking at the down with this 10 o'clock Tiger Financial News Network Market Update, down is up 25 after being down a little bit earlier on at 33,643, I must say from yesterday afternoon all the way through this evening into early this morning, this so far is just not the kind of bear action that you would expect if this is the one and done with that big shooting, that rocket ship on Friday, we were to give them back a chunk, this is what we normally see, we're not seeing that now, so far I'm impressed, let's put it that way, but the 9 appear moving average for the Dow is still pink, it hasn't turned green, so that's a little story that we need to look at in my show, coming up the Tiger Technicians Hour, but what is green is that the 9-period moving average in the S&P is positive and it's down 11 at 41.27 and it's really trying to find a little momentum to the upside to start a new gray leg B in the 41.48 area looking at the QQQ NDX100 down for 96 cents at 322.67, now this is going to be interesting because this is Chapman Wave inside track repellent area, but I think that it's going to try to get there, we'll see if we can get to the 324 area, so looking at the IWM, the Russell 2000 small caps down again down 128 at 172, it's just really struggling, what I am looking at here is gold, the way gold holds, it pulls back really sharp and then it tries to rally, it held the 14-period moving average, it's doing quite nicely, it's up to a half for 2036, I would just say in the next five trading days, if gold trades under 2000, it's going to take a bit longer for a breather, in the meantime it's holding very well, the dollar tried to rally earlier on and then it pulled back a little bit and then it spiked higher, it's up 40 ticks at 101.7, I'm thinking that this is a phase you can separate the action of the dollar and gold and dollars trying to act independently, the crude oil is down 65 cents and the TLT bonds unchanged, I'll be back for the Tiger Technicians, don't forget check out my opening for my daily newsletter, see you in a few moments.