 T. F. N. N. headline news update. Good afternoon, folks. This is Steve Rhodes coming to you live from the shores of Delray Beach, Florida. This is your 2 p.m. update. We got a little bit of a mixed bag out here. That mixed bag has a Dow off 25 points. Basically flat. They rustle down eight points. That's not flat. That's four tenths of a percent. The trannies off 30 points. That's two tenths of a percent. You've got the S&P up one tenth. The NASDAQ up three tenths. That's 51 points and the semis up five tenths. That is 21 points out there. Let's go spend a little time and take a look at our cash indices charts out here. Give me a moment. We'll switch panels and what you'll begin with is the upper left hand side is going to be the Dow. Now, we're going to see out here and it's consistent for each of the equity future contract. The only one that's not is really the semis. Well, let's go through this one by one. Dow transports very well may have hit their point of where this countertrend rally ends. The reason is because price is testing its oscillator and change line. That's currently at 36352. If at day's end, the Dow close above 36352, that tells us that we're going to go target its all time highs again. Doesn't say we'll take them out, but does say that we would target that level. The S&P 500 also has tested and rejected its oscillator and change line. If price were to close above 4741, it says we had higher. The X100. Now, that's the one that is the most bearish of the three that were the other two that we've looked at so far because it oscillator and change line change color yesterday. And so far, it's red and a test rejection of a red oscillator and change line says you had south, but that means we really have to go pay attention to the end queue to see if on a short term basis, any levels of support have failed when we did the one o'clock update or we did the one o'clock first segment. We did not see anything that failed inside of the end queue. The Russell 2000 also testing its red oscillator and change line. The semiconductor index out here hasn't made it quite up to that level, but it's close. 3942 was the number to be watching there. The Dow transports. I really don't have a great handle on what the Dow transports are doing other than just a fairly large range of a sideways move out there. That much I can see. But otherwise intraday or daily, I'm not really sure what it's doing and what to tell you out here with regard to spot follow till next. It is below its 50 day expense moving average. That's always bullish for the S&P 500. And so that's it, folks. Stay tuned. You've got two more great hours out there. Watch those levels at the end of the day. They may be signaling something to you and I. So your favorite polar bear, David White, he's up next. Tom O'Brien, he'll take us on home from three to four. I'll be back with you tomorrow at one o'clock sharp. We look forward to seeing you then. Have a wonderful Wednesday, folks.