 The Tiger Financial News Network News Update Good morning everyone, Basel Chapman here for this 10 a.m. Tiger Financial News Network Market Update on this 30th day, Tuesday, August. We're looking at the down 30 and 32,070. Earlier on I wasn't that happy to see that the futures were actually running very strongly. They were weak during the evening and then as we got into the very early morning and I did have a Chapman with Trin Gage reading which said that within one to two sessions there should be a pretty good S&P futures rally that will help the market rather did that. Now we're getting the true market because the market yesterday should have closed quite a bit high instead of closed lower. So this is still in the basing area after that very sharp seller from Friday. Normally you'd see about a three to four hundred point giveback after their thousand point slide, just a natural sequence. We haven't really had that yet so this is a very tentative moment because we're looking at the S&P which also had a very good rally earlier on, went to 4,044 now at 4,026. Not bad, it's down four points. Like the Dow had a little doji tiny plus sign candle like a doji candle yesterday. Really important that the 4,065 area or higher gets hit in the next two days. We're looking at the QQQ, the NEX100. Same thing, it's actually holding a little bit better. It's just down 10 cents at 304.24. It almost got to yesterday's high. We're going to be watching this. It needs to climb quite sharp into the 307.80, 308.30 area sometime between today and tomorrow. Let's look at the IWM. That's the Russell 2000, Russell 2000. Ugly because it went below yesterday's low. It is down 91 cents at 186. It's really been struggling in a way. The chart pattern is a little bit better with that weekly chart holding the nine-period moving average but we need a lot more strength to come. Looking at GC, that's the gold coin. The gold contract down 7 at 1742. It had a big doji candle yesterday. It's really kind of struggling but this is going to be interesting. I'll talk a little bit, I had a couple of questions about it from different people that are looking at the dollar and saying, is this a little bit toppy? Well, he said, I'd like to see maybe making a see it a new recovery high yesterday. We'll talk about that but also we need to talk about the TLT, which is trying to rally here. It's up just 47 cents and Crudo. I'll be back in a moment with Crudo sharpie lower. Basel Chapman coming back for the Tiger technicians aisle and check out my opening corn newsletter.