 This is TfNN the tiger financial news network Headline news update Tom O'Brien Welcome folks. We have the Dow industries down 336 you get the Nasdaq off 80 S&P's down 31 That's a drop of 1.3 percent in the Dow industrials 1 percent in the Nasdaq as well as the NDX 100 gold contract gold contract up $4.60 trading at 12 81 announced we got a silver contract up 11 cents $14.43 light sweet crude down the 39 cents now light sweet crude came back quite a bit It was down a buck 75 with 58 75 notes and bonds higher price lower yield In a big way you get the 10-year note up by seven ticks trading 125 19 the 30 a bond up 22 at 1 152 23 and we take a look at this 10-year yield folks right now. We are at 2.23 Bottom line is that that baby is on its way down to 2% has been a fast and furious move King dollar King dollar up 203 ticks trading 98045 the euros at 11 to 1 US dollar the yen is at 109 45 and the pound is at 126 22 Well, you know when we take a look at these futures what you're looking at inside the S&P futures folks is that you are down 34 bucks you're at 2770 and before we Get into this clothes this wants to go after this is a low the lower today There's the 2766 it is of high volume low and I expect you're gonna basically go after the next few minutes out here And the the S&P itself is in a much larger ABC structure on the way down This isn't the front the size of break out here today You know your next leg down is somewhere around 2726 right now you're at the 2770 2776 gets you down to that March 6th level if you do go look at the Dow industrials You see the Dow itself broke and That type of break in the Dow like we just broke from February 5th Everything above it and when you jump the creek and that's what we did out here We jumped the creek and we did it with velocity So bottom line is that what you have out here on a basis, you know, whether it's three four or five weeks Is that low of December 24th? That's that's up for Getting tested gold contract. What do we have with the gold contract gold contract still needs a bid Bottom line you get a little juice in it 182,000 contracts you need more than that stay right there folks next 60 minutes trading coming up And you can expect the volatility to continue right into the close out here today. Dow industrials down 365 Nazzak off 91 S&P's down 35 come right back