 tiger financial news network update good afternoon everyone Basel Chapman here this is the 2 o'clock tiger financial news network market update dollars down 230 at $33,800 very interesting because at 34,082 was the high so we've extended this leg up according to leg day for those of you new to my work I'll go through that when we do the the next hour okay this hour coming up and thank you Tommy for doing the hour that Larry wasn't available we're looking at the S&P S&P right now down 23 at 41 22 leg either this is where we start to get a little bit cautious but I'll explain why there are some really good positives at this particular time let's go to the QQQ 123 there we go QQQ if I can get that right there we are QQQ that's the index 100 in Vesco QQQ trust series down two and a half at 316.80 now this is going to be very interesting it tried around it failed to make a new recovery high and the technicals here are mixed the 90s still way above the 14 that's a big positive but the MACD and stochastic are weak looking at the IWM and that's going to be very interesting because earlier on it was acting quite well now down 2.34 175.82 not looking very good these small caps gold gold tried to rally it almost made a new recovery high from yesterday then it's slumped it down 38 this is exactly the kind of action you start to see as we're making attempts and rallies without enough strength to be able to hold the position so we're going to be watching this going into next week can gold get to the 20 90s or will it slide to the 1930s and that's going to be the question for me because the dollar is attempting to find some kind of support here right at the 100 level that's like a double bottom we'll be watching that closely I'll talk about that when we get back we're looking at the United United States bonds continuous contract 30 year down sharp you're down almost a dollar and a half so what we're looking at is yields are running some and I'll talk about that as well when we get back because you can see this rectangle here I think yields are just stuck in a range I don't think they're going anywhere really and then crude oil had a very nice session two days ago did yesterday was a little bit weak and today it's holding up at 82 a lot to discuss I'll be back for the hour from two o'clock to three o'clock see you in a few moments hold tight and my services they're being called they didn't use that normally I do the 10 a.m. tiger technicians Alice the reality is that navigating financial markets