 The Tiger Financial News Network News Update Good morning folks. This is Steve Rhodes coming to you live from the shores of Delray Beach, Florida. This is your 9 a.m. update. And currently we have all the U.S. equity futures trading to the downside. Dow's down by 264 points. The Nasdaq by 300. The S&P 66. The Russell 2000 is off 28. Everybody off. Well, the Dow's only down about three quarters of a percent over in Asia. Last night, it was a blood bath. The Nikkei was 457 points. Oh, we got the wrong chart. Sorry about that. Give me a moment here. It didn't grab what I wanted to grab. Here you go. So thank you in the production room. So in Asia last night, I was saying kind of a blood bath. They had the Shanghai off 95, two and a half points. Nikkei down 457, one and seven tenths percent. Same percentage wise for the Hangsang, 412 points. In Australia, the Aussie 200 down two and a half percent, 177 points. But over in Europe right now, they're having a party. They're trading the upside, 73 points for the Dax, 62 points for the FTSE. Gold is flat up a buck 30. Silver's flat of down seven pennies out there. You've got Light's recruit. She's trading out at 83.79. That's up 50 cents. Natural gas back, two pennies out there. The 30-year treasury is flat. She's trading at 155 and a quarter. So what's going on over in Europe? Let's try to answer that question out here. It's trading the upside. What does that mean? The easiest way to figure out what that means is to go take a look at some charts. So here is a set of charts, take a look at what went on internationally out here. You can see in the case of the Shanghai, not only was it a bad close, a close below its TD9 count breakout level, 36.01. So price right here is all the way back and is going to test the August, or should test the August 20th swing point low. The Hangsang, a different conclusion. Yes, price pulled back, pulled back percentage wise, pretty hard. But there's native B equals CD to the upside pattern. And the oscillator and change line had recently just changed colors. And price yesterday was a test rejection of that line. That is a bullish signal. Hangsang says it wants to add higher. The Nikkei tested, it's by the D point. That was the low of the piercing candle out here. Oh, I take that back. It failed. So it looks like the Nikkei wants to continue to add further lower. Bar number six formed of a TD9 count. Maybe it's going to make a TD9 count pattern over the course of the next several days out here. The DAX here, the DAX, even though it's trading higher, it's an inside bar. And inside bar, what that means is that the existing trend that was in place should continue. The DAX, even though it's trading higher, says it wants lower price. The same thing with regard to the footsie, just an inside bar. The footsie likely targeting 71, 98. Folks, stay tuned. Tom L. Bright is up next with the reporting market kickoff. I'll see you tomorrow, one Wednesday. Have a terrific Tuesday.