 BFNN, The Tiger, Financial News Network, TF Update. Hi everyone, Basel Chapman here on the second day of August and we're looking at the Dow for this 10 o'clock Tiger Financial News Network Market Update, $135,000 at $32,492. Caterpillar, which was acting really well, going into yesterday's close, came out with earnings, Caterpillar is down 10 at 184, failed just under the 200 period moving average and that really is impacting the market, although basically in the Chapman wave methodology when you get to Pd you expect other things to happen and we're at leg D with a doji candle so we were anticipating some kind of pullback today, looking at the S&P which is maybe making a peak C, unlike the other indices, this is one that is lagging in the Chapman wave notation, well maybe it's ahead, but even more important than that if I can just get this up, why does it always give me trouble here, S&P right now is down 23, now the irony of this whole thing is that the S&P is really in its own way, the 500 stocks are doing very nicely, but what we're looking at, I'll just move this over so we can see the other indices, I can get that going, okay we're looking at the QQQ, that's the NDX100, showing a lot more internal strength than the down the S&P, it's down $1.50 at 313.61 and made a new recovery high today, it's in leg B in the week but it's in leg D in the Dady, we're looking at the IWM, the Russell 2000, made a leg D yesterday, it's extended that a little bit today, it's in 186.52 down 69 cents, gold, gold is up 9, it's acting very well, it's a 17.97, this is a very important moment for gold because it's been struggling for ages, but hasn't broken down really when you think of what the dollar has done, the dollar is showing a little bit of strength and it's up 16 cents and 105.56, we'll talk about this when I get back from my Tiger Technicians Hour and don't forget that I have a webinar coming up a week from tomorrow, check out front page of TFNN, the TLT is trading up two cents at 120 and crude oil, which had a very sharp pullback yesterday, is about unchanged at 93.98. I'll be back for the Tiger Technicians Hour, hope you can join me, stay tuned.