 Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 11 a.m. update and we've got a mixed bag out there the mix goes like this. It's the Nasdaq and the semis that are trading lower they're pulling the markets lower out there. That's not really what you want to see in bullish market conditions but you have the Dow trading up 161 points about a half percent two tenths for the S&P or nine points six tenths for the Russell 2000 that's an 11 point move gold is trading up 12 bucks that's straight out of 1965 silver's up 32 cents one and four tenth percent moved there lights recruiters up 13 pennies natural gas down 10 cents and a 30 year treasury printed out at 1 18 22 that's up a half a point. Let's go take a look at what all that means by looking at that nine panel market update chart the upper left hand corner we're going to see the ESP and what do we have we got a good old fashioned consolidation and this really the consolidation with inside the weekly profiles that's between the levels of forty four twenty four to the bottom and actually only have the center of the weekly profile that's the resistance level that's up at the forty five ninety eight area now yesterday we had that spot follow till next test and reject that fifty day exponents moving average was doing that when we're on the air as really as we're going off the air out there we can see that price reject that level markets went ahead and took back some of those losses yesterday the NQ it is trading has support perhaps it has support I should say really at the bottom of its weekly profile fifteen one ninety one price remains below the bottom of its daily profile this could be for consecutive sessions below that it really is suggesting lower price the US dollar index is pulling back it has formed a new profile is really new to new profile levels we use the one here in the black background chart looks like the US dollar index wants to make a test of the one oh four thirty five level one over thirty five is the bottom of that daily profile close below that would likely indicate to you and I a change in trend Goldilocks right now to eleven oh one is taking on resistance that's the top of its daily profile in nineteen fifty four sixty we're trading out in nineteen sixty five a close of nineteen fifty four sixty should get us up towards the most recent swing point and that would be up at the nineteen eighty twenty level close of that could trigger an A to be equal seeding the upside now in the case of silver it only has two profile areas both the center and bottom are the same level twenty three thirty two that should be strong support we take a good resistance that's a twenty three seventy four trade above right now we're trading out at twenty three eighty a close above twenty three seventy four would suggest a further move higher a further move higher should take us up in that descending trend line of the twenty five area late sweet crude it's got a new profile it's attempting to form as well resistance here up at ninety one seventeen a natural gas just a consolidation as is with the thirty year treasury bond with inside their respective profiles folks they do for the traders and show but if you have to start your Wednesday please have a wonderful one thanks for joining us we look forward to speaking with you again soon take care now