 and the tiger financial news network update good morning everyone basal chap and here on this friday the 12th of january and we're looking at the dow right now down 101 points at 37612 warned my subscribers today i said you got to be careful caution prevails uh and there are a number of reasons i'll go through it when we get to our show where the tiger technicians are in a few moments time one of the reasons why we've stayed short the dow for the last week is because this looks like distribution topping action it doesn't mean to say we're going to crash just means to say we we're going to digest a phase unfolding that's what i think let's go to the s&p s&p had a fabulous run up it was down earlier this morning then i ran higher ran to 4802.40 and new all-time new recovery high doesn't go to the 44818 and higher of january of 2022 yet um anyway it's pulling back a little bit it's now up five at 4785 days young anything can happen uh we're looking at qqq up five cents at 409.30 just went negative i hasn't made a new recovery high an all-time high above 412.92 looking at the iwm that had a very strong move and it's still holding pretty well it's up a dollar 41 but it's starting to pull back and the nine-period moving average has actually turned negative we'll see how this holds go get a spectacular move earlier and then it increased it went to up 41 at 20.61 now is this going to be the issue we'll try to talk about it it's you know it's a geopolitical thing it's really hard to say but definitely what happened over with the old tank you gotta look consider this is serious stuff and the dollar didn't pull back very much it's now down 10 ticks and one at 2.21 it's kind of holding sideways there bonds that's really what we're going to look at right now bonds are up a half a point at 135 and 536 as you would have expected after the the inflation report this morning that it would be actually quite a bit higher so the yields come down even more but they're not crude oil crude oil is up two at 74.09 just sideways action very interesting we've got this rotation going on even microsoft pulled back a little bit from its all-time high yesterday hey i'll be back for the target technicians now we've got a ton to talk we want to talk bitcoin as well see you if you want check out both we call the newsletter