 FNN, The Tiger, Financial News Network, TFNN, Headline News Update. Hi everyone, Basel Chapman here on this Tuesday, the 9th of August and this is the Tiger Financial News Network Market Update. It has down 57 points of 32,777 having made a new recovery high yesterday. Just under that target level of the 200 period exponential moving average, making this a potential peak E today in the Chapman wave methodology, which I will be discussing in detail tomorrow in my webinar. This is a leg E, probably a peak E in the S&P, right on to touch the 200 period exponential moving average yesterday. It's like a little hot iron there. Now fingers are pulling away. We'll see how long this pullback lasts. We got the QQQ actually went right to the line as well, the 200 period moving average leg F, probably a peak F. That's why we subscribe to my opening call. We're talking about some kind of consolidation unfolding right here. Right now, the M has been very good. Pulling back sharply today down to 190.72 also touched the 200 period moving average in leg E. So this kind of consolidation can certainly go through tomorrow at about noon to one o'clock as the market narrows, whatever it is down or up, waiting for the Fed speak. We're looking at gold. Gold right now is up 7 at 1812. Nice action leg D, the 1825-32 area, very strong resistance coming up. The dollar in fact is down a little bit. It's down 34 ticks at 106.05 crude oil. We're looking at crude oil right now up one at 91.78 propelling off the 200 period exponential moving average for three days. It touched it and now it's trying to rally off it. It needs to get to the 96s, 95.50 actually to break all that resistance, the TLT, which is bonds, just stuck down 74 cents at 117.61. So that's it. Don't forget, we've got that, we've got the change where I come on next for the Tiger Technicians Hour and then it's Steve Rhodes and then it is the Kevin Hanks with the Thinkorswim program and then you've got, then you've got Larry Pesavento at one o'clock. Dave White at two and Tommy O'Brien wraps it up at three and Tommy O'Brien sauces off every morning at nine o'clock. Don't forget, my webinar is coming up tomorrow. Check the front page of TFN and it should be really exciting. Perfect time for a five-hour webinar. See you in a moment for the Tiger Technicians Hour and check out my opening call day to use list.