 This is TFNN, the Tiger Financial News Network, News Update. Hi everyone, Basel Chapman here for the Tiger Financial News Network, 10am market update with a down of 280 points on this Monday 8th of August. This is really good action in the Chapman Way methodology as you know for months now we've been looking at the chances, a very strong chance of the buy signal which was upgraded to a buy mode going to at least a peak D in the Chapman Way methodology. We've got that doji candle which suggests that we could store for a little while for the five days. All of last week we saw today big breakout to the upside and to the 33,083 level I've been saying 33,170, 33,220 areas should be strong resistance and then we should continue this sideways choppy move. We're not complaining, we're holding on, it can go higher, no problem there. What we're all looking at here is that the S&P has also now gone to that leg E and it's just, it actually touched today at 41,86, the 200 period expansion moving average and our target of 41,77.51, that was the higher ground about the 2nd of June before it tumbled down to the 36,36 level. So all of all of the targets have been met. I'm going to be discussing this in great detail on Wednesday in my five hour webinar based on the Chapman Way methodology. How you can add, how you can enter positions, how you can add, when you start taking off a little bit. Here we are on leg F in the QQQ and that's really important because we've also had a potential Chapman Way instant restart. There's a possibility this could be F slash B. B would be really positive but you've got the 200 period moving average of three, I think is 327 coming up and we're at 325,97. Fabulous move going to the Chapman Way inside track. I'll be discussing this particular technique on Wednesday as well. Look at the IWM. The IWM has spiraled. This is one of the best moves it's had in a while. Two days of a huge move up to the 200 period moving average and that's now trading at 194,19. This is really good because it's suggesting now that the small caps are beginning to find favor. We wanted to see that. Gold is up nicely. It's up 8 at 17.99. The dollar is, let's see what the dollar's doing. Dollar's pulling back a little bit at 33 ticks and we've got crude oil. So folks, stay tuned. We've got great programming here. I'll be coming up for the Tiger Technicians Hour. Who is sitting on this 200 period moving average. We've got Larry, Larry Percevento taking the one o'clock time frame and Steve will be at 11. I'll be back in a moment. Hope you