katie stockton, key technical strategist. the sovereign wealth funds effects on the selloff in financials, next. ♪ mark: let's get to first word news. rizzo signed an agreement with the research hospital in texas to develop a vaccine against the zika virus. have the vaccine ready and 12 months. brazil plans to invest $1.9 million into the research. bernie sanders and hillary clinton taking the battle to wisconsin tonight. the first big debate since new hampshire. the vermont senator says his campaign had a record-breaking day of fundraising, more than $7 million. he tied mrs. clinton -- meantime mrs. clinton picked up a branch of the congressional black caucus, announcing their support today. --t support at a life life wildlife refuge and organ is over. the last four occupiers gave themselves up. the holdouts were the remaining remnants of a group that sees the wildlife refuge on january 2 , demanding the government turn over the land to locals and released to renters in prison for setting fires. lester was the hottest year o

joining us is chief technical strategist katie stockton. you point out that gold has crossed an important level, now above the average. we haven't seen that for months. >> that's true. that's that is a psychological hurdle on the chart and also near its october high. immediate positive follow through. that immediate follow through is what differentiates this relief rally with previous ones. we have seen a breakout. it is very much a technically driven move at this point, and i looked at past days of 5% updays for gold, and they were always during bear markets and the s&p 500. it is very rare to see such a big move in gold. and i do think it is significant. >> at the same time, it seems like you're a little skeptical, you're saying that gold needs to close, what, above 1200, two consecutive weeks. if it does that, what is the next level that we could be looking for? >> breakout easily targets about 1350 with intermediate time frame which would be about several months for me. so that consecutive weekly closing basis, that's what i like to see