 TfNN, headline, News Update. Hello everyone, Basel Chapman here for the 3 p.m. Eastern Time Tiger Financial News Network Market Update. Dow's down 59 at $35,234. Very nice breakout on Friday of that resistance level. I'll talk about that in a moment. I'll be doing the Tom O'Brien show and that was really a good breakout. We'll see it happening. Look here in the S&P. So the Dow is up down 59. The S&P. That's going to be interesting because there's a slight divergence. I think maybe IBM's pulling back the Dow, but the S&P is breaking out. It's at $44.83. It's up 12 points. It's really important. There's that one-to-one to the upside so you're not going to be able to extend that pink line. I'll do that during the show. I'll explain how it's done and it's breaking above the falling ax resistance in the weekly chart. So this is very good action, up 0.27%. Now look at the QQQ. What a nice session today. That's barely broke out on Friday, but today's sharply above that resistance inside track repellent zone. It's now propellent zone. It's up 3.21 at 372. This is the Invesco Trust series. This is the trading vehicle that we've got, the ETF. And look at the IWM. IWM had a terrible session on Friday. Not a great session today either. It's really struggling at that resistance line, basically going sideways for months now. We're looking at gold and we'll see if gold's managed to get a little bit. Yep, it's got a little bit of strength. It's down just two. It's down a little bit more, but it's stuck in a trading range. One of the reasons is that the dollar is still showing some strength. It's pulled back from its highest, most recent high at 93.92, but it is holding pretty well. And what we need to look at here is the TLT and the TLT are bonds. Bonds are rallying since the yields are coming down a little bit. That kind of helps the market in a way, but what's also very important here is the crude oil. Now this is going to be something I'll take a little time during the show, because I want to talk about the crude oil. Fantastic rally. It's just starting to bump into some resistance. It could have a digestive phase, but at 81.69 down 4 cents, that whole area of the 79 to 77 area is going to be at the test of support because so far this is fantastic action. And even more importantly, we're looking at the volatility index. Look at this. The VIX index trying to rally. Now it's only up 9 cents to 16.39. It's just telling us that the fear factor hasn't really crept in to hold on any day for at least the last week or so. I'll be back in a moment for the Tom O'Brien show. This is Basil Chapman signing off. We'll be back in a moment. I hope you can stay and hope you can get your questions in 877-927-6648. Thank you.