 T. F. N. N. Headline news update. Tom O'Brien. Hi folks, this is Basel Chapman giving the 9 a.m. update and we're looking at the Dow futures up 181. They've gone from 26,694 end of April down to 24,610. Nice balance today. Nice green bar yesterday. So far a nice green bar today. And what we're looking at is the weekly chart is going to be really important. Going much lower here from this particular area would actually start the arch formation in a much deeper correction. So it's very important that the Dow, at least the futures tries to rally at least at the 25,200 level between 25,200 and 25,390. A lot of resistance and that's going to be important. The E-mini at this particular point is also up very nicely. Excuse me, up 19 at 27,69. It tested within two points. The low of the August, the March, the third low of 27,2650 ran to 29,61 down yesterday to the 27,28 level. Now ready for a bounce. It needs to get to 27,93,2808 to show that it can establish a much stronger rally. The NQ had a much deeper correction yesterday with the purview of their business practices coming up. So at 57 right now, that's important at 7,050. It needs very much to get to the 7,7200 level and it needs to do that quite soon to repair some of the damage. What's interesting is that gold at two fabulous days rally and today is digesting a little bit down just one point at 13,27. If we can get to 13,42, that really is a big breakout. But the key support now is at 13,20,13,18. The Dow had a spectacular move over the past few months and now what it's doing is digesting those gains up to Texas at 97,26, it needs to hold the 96,70s or it's going to be going quite a bit lower and if we can travel all the way to 97,70 over the next few days, that'll be very important. Crude oil. Crude oil is a big thing here because crude oil is up only four cents and it has already been 66,60 down to the 52s. That's a big hit for crude oil. So we'll see whether it's able to come back and bounce right now as we go to the end of this particular update. Bonds are down 25,30 seconds. We'll talk more about it in Larry's show coming up right now. I'll be doing it Larry's away for the day. I'll be sitting in for that. Stay tuned, Baselchap signing off and I'll see you in a few minutes, hopefully.