 T. F. N. N. Headline news update. Good afternoon, folks. Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida with your 2 p.m. update. We currently have a mixed bag out. You've got the Dow and the S&P trading lower. The Dow is off 545 points, one in six tenths percent. The S&P is off six tenths or 25 points. The Nasdaq 100 is up eight tenths, 107 points. Russell is up three. The Semi's are up six. Let's go spend a little time and take a look at our indice charts out here. So we're going to change screens and momentarily you'll see in the upper left hand corner you will see the a Dow pop up on your screen. Now in the case of the Dow, today is going to become bar number nine of a TD nine count. It can be bar number nine. It could be bar number eight. We don't have to worry about that. Bar number nine or the bar following nine. They could identify a bottom for this pattern. Now that bottom will then take price up to or should take price up to its oscillator and change line. That's at 33, 977 as we speak right now. The S&P, the same pattern out here. Bar number nine will complete today. If this is the bottom or tomorrow, price should make its way up to that oscillator and change line, 43.34. The NDX 100 bar number nine completing today, its resistance levels at 13, 929. The Russell 2000 attempting to form another roads meant to mitigate a signal. It doesn't really need to. It just needs to close above the low from the trading day of January 28. That's at 1901 to 40. If it does that then its bottom pattern remains in place out here. The semis, which is really where we should spend some time. You don't have bar number eight forming out here. What you have, you bar number three, but price is testing that TD nine count bottom from the trading day of January 28. The transports you got bar number nine as well. So now if we go take a look, I'm going to change screen to your real quick and we're going to go look at the SMHs. We're going to look at the SMHs because if there's a bottom that's going to form in the market, you're going to see that bottom inside the SMHs too. So we need to have good reason to look at that. And as we take a look at the SMHs on the daily timeframe, we're going to see that a swing point from January 28 has been tested so far that had about 11 million shares was really 10.955 and so far you're at 6.3. So it looks like we have a test and rejection of the SMHs. Now this is a bare structured profile. And this says that a counter trend move here. First, you're going to have a battle. If this is, if we are going to see a bunch going to have a battle at 262 25, but where the counter trend rally would end or should end would be at 272 29 and the SMHs. We still have a couple more hours left in this pro and the trading day out there. That's good news because you've got your favorite polar bear. David Whitey's up next. Tom O'Brien. He'll take us on home. I'll be back with you tomorrow at 8 0 6 a.m. sharp. So please join us really if you're having terrific Thursday. See you on fantastic.