 FNN. The Tiger. Financial News Network. News update. Hi everyone, Basel Chapman here. Back in the saddle, as we say, we're looking at the Dow on this Monday, the 25th of July, wrapping up the month almost, is up 105. So the Dow is up 105 at 32,007. It hit 32,219 on Friday and then reversed quite sharply. It's a leg scene. The Chapman wave methodology, a by-mode, which this is in, invariably goes to at least a peak D. What was important is that the Chapman wave inside track repellent zone has become a support level. We'll see what happens here because the MACD is good. Stochastic is fabulous at 94%. The on-balance volume is very weak. Are we going to wait until it goes all the way to overboard? Or is this telling us something we won't know? We do have the Fed speak on Wednesday, so maybe we start to get a little bit of a slowdown Tuesday into Wednesday morning. We're looking at the S&P. Now, this is going to be fascinating. Look, the S&P, which was quite weak early on, is now up 739.68. This is only a leg B in the daily chart, actually also in the weekly chart. So far, this is still very positive. We've been positive on the market for sometimes since mid-June. We're looking at the QQQ down 86 at 301.19. It made a peak C. It made a 1-to-1 expansion to the upside. Now, it's doing some testing of the 300 level. I would like to see within the next two days that it gets to the 307s, 306.307. That's a big ask. We're looking at the IWM, the Russell 2000, is up 23 cents and 179.75. Leg C is doing quite nicely. This is going to be very important. Look at gold. Gold is down 10 at 17.17. It's really struggling. It's come off the low of Thursday, but this is a real struggle. If you're looking at the dollar, the dollar, in fact, is weak. It's down 32 ticks at 106.25. Made a peak E-top. I'm about to put a down arrow in it to say that it's going to a sell signal, maybe upgrade to a sell mode. That's on the very short term. Weakness in a leg peak D is still looking very good technically. We're looking also at the crude oil. Now, this is going to be fascinating. Why? Because crude oil is stuck in the lower end at 95.56, up 84 cents, but in the lower end, and the TLT, which is bonds, made a peak D on Friday. Leg D Friday could be a peak D today, but the yields are just stuck in a range. I'll be back with a tight hit. This is our lot to discuss. Check out our people. We've got some fabulous, very special people while I was playing off.