 This is TFNN the Tiger financial news network TFNN headline news update Welcome folks. We had the Dow industrials finished down 930 Nasdaq was off to set 295 S&P's down 77. That's a down draft of 4% in the Dow 3.7 in the Nasdaq and 2.1 in S&P 500. That being said folks, okay The bottom line is that you have volume that is contracted dramatically inside the NYSE, you know We've been banging out 1.7 to 1.9 billion. You're at 1 a billion right now That's what you want to see when you get pullbacks folks Why because it's showing that there's less sellers on the way down they get the price destruction going But they didn't have the sellers inside the Nasdaq 3.8 So you get the net you get the seller You get the sellers actually inside the Nasdaq because it is the same we go take a look at the spy What you're gonna see it actually in the spy also spy goes Downtown today 202 million versus of 257 yesterday and you go into 300 million You're gonna need a lot more sellers inside of the spy to take it low We go to the Q's we take a look at the Q's the Q's are set up the same way now The composite was set up different than the NDX 100 Inside the composite inside the NDX 100 you pull back today 56 million shares versus 79 yesterday versus what you're going into which is 88. That's what you like to see also On a down draft Particularly after the type of week that we had out here If we go take a look at the the spy on a weekly basis because you can do these on the weeklies right now What you're gonna see is this it's a nice setup folks This went to a low a low it had lighter volume and it overtook all of last week's level last week We get to a low at 1.5 billion shares. You did 1.3. This this say you got to a low a low You rejected it you got over the highs you closed over the highs a big number That's your spy if we do the NDX 100 on the weekly You're gonna see the same type of setup inside the NDX which is also Positive that you got to a low a low you had a big contraction of volume That's saying that there's less sellers and in the NDX's case last week. We did 567 million this week It did 444 million same type of setup got to the low a low rejected it gets into higher price gold gold contract up here Let's do it quick. Let's go gold folks is building cars To get up and over not only the last swing high, but up and over the 2011 swing highs have a great weekend folks have a safe weekend come back and visit us right here Monday morning 8 30 Tommy kicks us off morning market kickoff Have a great one folks