 is T F N N the Tiger financial news network news update. Good morning one Basel Chapman here. This is the Monday edition, August the first. Here we are with the update at 10 o'clock for the Tiger Financial News Network. We're down 36 points at 32,812. Very nice action for the end of the month buying spree. We might even have the first of the month, maybe even the second of the month buying. My outlook right now is that we've been in a buy mode for over a month and we're expecting a leg D. We've got that leg D. We then expect a P D but at the same time if there's no new high above 32,910 and I think the 32,900, 32,100 area is going to be strong resistance then we might see some kind of short term topping action, the other term I should call it. Look here's the S and P. We're always expecting a P D in a buy mode in the Chapman for higher peaks. Red leg C. If the S and P can go one penny above 41,40.15 to extend leg C that's one thing. I think that we're going to get a P C today. Somehow or other there isn't that extra push towards 41,40,16 or higher and then we get that either Tuesday or Wednesday and then we've got to be a little bit careful. Looking at the QQQ, we're looking at the NDX100 trading vehicle. There it is. Trading up 80 cents at 316.23. This has been one of my favorite indices for subscribers to Möbinenko. We've been long for a while and we're looking at this as breaking above the left side high of 314.46. During the first that's really important but look at this weekly chart. It shows you the strong resistance area we're about to come into. We get the IWM. The IWM is trading at a leg D, maybe a P D today at 186.12 down a dollar 10. Hey gold. Gold is just really rock solid right now. 1786 in leg B and the reason is the dollar is pulling back. It's at the 50 period exponential moving average. The daily chart is in the sell mode. The weekly chart hasn't even got to a sell signal yet and if you look at the TLT, that's trying to rally us. The yields are coming down somewhat at 118.60 and also if you're looking at crude oil, crude oil had quite a bit of a dip today. It's down 4.94. I'll be back with a take a tickish sell. Hope you can stay. It should be a great program. Good start of the month.