 The Tiger Financial News Network News Update Good morning everyone. Monday, August 29th. This is the Tiger Financial News Network Market Update, 10 o'clock update. Basel Chapman here. Time's down 214 at 32,061 after a thousand point drop on Friday. What we're looking at is support in the 32,000. I'd say 32,000 to 31,800 has to be. It's imperative that it holds over the next two, three days. And at least there's an attempt to get towards the 32,000. The high so far today is 32,188. Nice little rebound, but not good enough. You already want to see 32,350 sometime hit in the next two days, just to show that there's some support. You're looking at the S&P and the S&P is it also had a really sharp move down 150 points or something on Friday down another 23,4034. Made a low today of 4,021. So it's come off that low a little bit. But most importantly, the 39,92, 39,86 area is key support. Looking at the QQQ, the NDX100 trading vehicle down two at 305.35. Actually it's down 0.72, the 10% down 0.71%. S&P's down 61%. So they're all within the same range. So this is very important. The QQQ, I believe that most of the selling on Friday after mid-session was more computer related and the selling was just interminable. But there were a number of stocks that are really important stocks as far as I'm concerned that held very well. In fact, some of them made recovery highs on Friday before pulling back. So the QQQ, the IWM, I should put it in right now. IWM is trading at, let's see, it's down 1.34 was a 0.71%. And 187.63 right on the 50-period moving average. Now this is going to be very interesting because gold had a sharp move down overnight into this morning. Now it's up forward 17.54 while the dollar went to a leg C and you are multi-year high to 109.48. It's pulled back sharply down. It's 108.71. Actually it's down 10 ticks. That's not such a big deal. But this internal strength a little bit left in the dollar. I'll be back in a moment. We'll look through it all. We'll look at bonds when I return for the Tiger Technicians out and check out bonds.