 TIGER, Financial News Network T.F.N.N. Headline, News Update Hi everyone, Miles the Chapman for this two o'clock TIGER Financial News Network Market Update. That was a 413. Yesterday it was down at 300 points at one moment, it closed down to 200 and look at this nice big green candle. Most important thing is that the 9 is still over the 14 period moving average in the daily chart. That's what I've been looking at as residual strength. This is actually a little bit more than residual strength, but we need to see how it closes and what happens tomorrow. Key support now is at $33,530, I'd say, just off the cuff. Looking at the S&P, S&P has also had a very nice candle today. It's trading at this point. It's trading up 1.57 percent. That was only at 1.2 percent. S&P is up 63, at 41.19. And both in this particular instance, the 9 is still positive. It's held the inside track support level. What's really important about this is that it's helping the weekly chart. If you just go sideways for a while, it's going to garner enough strength to move that weekly chart into the 42.30s. But at this particular point, we had 41.20, it's a bit of a struggle to see if we can take out the 41.69 high that was made just about a week and a half ago. What we're looking at in the QQQ, that's different. Basically, when sideways from the 321.63 high, double topped the 321.42. About eight days later, pulls back sharp. It looked ugly yesterday and the day before. All of a sudden, this is fantastic with magic and other stocks like what have we got there? We've got a Microsoft as well doing very nice. And that's helping the weekly chart. So key support is now the 315 area. If at any point it starts to trade in the 322s next week, that's going to be a big deal. That's going to be very positive. Looking at the high WM, it's being very weak. It's coming back a little bit here. It's at 173. Gold is really the issue. Gold is trading up about unchanged at 1997. Gold, if it breaks above 222, that's going to be good. But if it slides under 1973, that's so good. So have a great day. Stay tuned for great programming. Check out my opening call newsletter. And I'll be doing a webinar on Wednesday the 3rd. Check it out on the front page of TFNM. Have a wonderful day.