 news update. Good afternoon folks this is Steve Rhodes coming to you live from the shores of very sunny Delray Beach Florida with your 2 p.m. update and we are waiting the Fed decision I'm waiting for just to see what it does. We've got markets are going to move here definitely going to clog my system. So the Fed is raising their rates to point by 0.75% out there. So three quarters of a point to the upside. So now here you can see if you're watching the system my system my screen. So you got the Dow it's going to be jumping around. So there's a I've got quite a few charts that are open out here so but right now the initial reaction has been a move to the upside. The Dow has gone up to around 345 points but that could change here in a heartbeat. The S&P is up about 51 points. Again it's a little bit of a slow throughput of data here. So we're just really as opposed to going and take a look at other charts or what have you. Well we can we can take a look at these charts here. Let me mark it update charts see if there's any real kind of signals or information here that's helpful to us. Really not. Now in the case of the NQ there is a new profile that's attempting to form so it won't I won't get a confirmation of this until this evening but 11 7 16 is where the sellers are hanging out right now. You're trading about 11 5 89 so that's a level to be watching out here. Let's go back to the to the other chart details. So we are bouncing around. We were up 340 I believe a few minutes ago now we're up 270 inside of the Dow and but again you can see the numbers aren't changing here. I wish they were that I could give you complete updates but I can't. So you know it's this initial reaction and in a minute's initial reaction is just a knee jerk type of thing. We'll need to really see what happens by day's end. But stay tuned because your favorite polar bear. He's up next. So we'll spend an hour with you take a look at these markets and where things have traded to and what to expect. Then Tom O'Brien obviously you'll take us on home and you know I'll be back with you tomorrow at one o'clock sharp but right now we're pretty much at where we began at 2 p.m. the Dow showing up about 200 points or so the S&P about 38. So folks stay tuned your favorite polar bears up next. I'll see you tomorrow at 1 o'clock sharp at 1 o'clock sharp have a wonderful Wednesday and thanks again for joining us. Thank you.