 headline news update. Hi everyone, Basel Chapman here. This is the last day of the year in case any of you just didn't know it. 31st of December and we're closing out the year so far very well. It's been a really spectacular year for the indices. We're looking at the downout down 43 points. It made a high three days ago of 28,701. It's trading right now 300 points below that. The weekly chart, I've gone through this so many times, it still looks like this is a peak C that's going to come about by the end of the week if there's no new high and that there should somehow other be a leg D and then we should be looking at something deeper. But we have seen Cs before. Remember the peak C that we saw back in April the 26th was the high at 26,695. That was quite a drop to 24,701. And then we made a D and an E and then we pulled back to the 25,339 area. So at least at this point, I still see the McDean stochastic is being strong enough to have residual strength. Even though we're looking at from yesterday for the weekend, I was looking at this and said, you know what? I'm getting short term cell signals in my 120 minute charts all around. So let's see how this plays out. Meantime back at the ranch, the S&P made a high of 3,247. That was three days ago, it's trading right now 30 to 16. Not a big deal. I'm down five points. But that's a spectacular move. It's just starting to fall the gap of about a week ago. And that is a peak D in the weekly chart. If you're looking at the QQQ NDX100, NDX is trading at 214.56 as a high three days ago. Right now it's a 211.87 having a digestive phase. Everything I'm looking at here suggests this has to be a peak C as well, that there should be some residual strength. And I'll explain that in my show coming up straight after this break. IWM is trading very nicely up to up 166.10. 167.12 was the high of four days ago. It's holding very well. This is a leg C in the weekly chart. Now this is the very interesting thing. Gold is up $6.00. It's just had a fabulous move. I mean the last few weeks has been a really spectacular move. I'm going to have to discuss that as well. A lot of discussion about gold. Where do I think it's going? What's the relationship to the gold and the dollar? The dollar has been down quite sharply. It's down again today. Down $33.96.43. The $96 area has to hold. I'll talk about crude oil. I'll talk about bonds. I'll go through the whole thing. A recap. And then I'll look at next year. I'll be right back straight after this last little announcement. Basil Chapman. This is the TFNN.