 is TFNN, The Tiger, Financial News Network. Update. Good morning, everyone. Basel Chapman here on the 23rd of August. It is Tuesday and I'm coming to you at the 10 o'clock Tiger Financial News Network Market Update plus at 9 o'clock 9 o'clock, 9 o'clock, 6 o'clock, we have Tom Jr. He has the Market Kickoff Show, Fabulous Show. We've got good programming all the way through. Let's go to the Dow down 28 to 32,000, 36 after Ready Shop over 600 point decline yesterday. Certainly we're underneath the 200-period moving average and that makes 32,200. The resistance to intraday. We're looking at the S&P also down. The S&P is now low. The S&P is down. Oh it's up. At this point it's up and it's up $8 and I'll tell you right now what it is. Somebody's and I skipped a step there. Yeah, okay. So it's up 8 at 41-47. Did it take out yesterday's low? Yesterday's low. Well, today's low. It's 41-29. So it's up almost 20 points from that level. The 200-period moving average of 41-91 is resistance this week. We're looking at the QQQ and that is up $1.25 at 315-40 and it made a slightly lower low. It's trying to find some kind of support. I think all of these indices they're in the process of that was a very sharp move yesterday. In fact, I would contend that a chunk of the correction has already been achieved by yesterday's move down. At least the move from for instance IWM 201.99 was the doji high six sessions ago and here it is at 192. That's a pretty big pullback and it's under the terms of the moving average of 194. Now this is going to be very interesting. It goes gold which is acting very poorly as in a nice move up up 14 at 1763. Coincident to the dollar testing to the penny the high of the 19th of July of 109.29 it went to 109.27 and look at the U.U.P. we are still along the U.U.P. from down to 23. Here it is 29.20 was the high on the 14th of July and yesterday it tested that to the penny. These double tops double bottoms how they work it's quite amazing. Crude Oil is having a rally right now strong rally it's up 298 and 93.34 and the bonds are also trying to rally up a little bit. I'll be back for the Tiger technicians on check out my opening call my daily newsletter hope to see you in a few minutes great program as I say all day.