 Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This year 11 am update we got a slightly mixed bag out there right now the mix coming from the Russell which is off 8 points otherwise all of the other US indices are trading to the upside the Dow itself is up 107 points it's about three tenths percent six tenths for the S&P or 25 points one and a quarter percent for the Nasdaq 100 147 points there the summaries are up 29 points that's about one percent trend is are basically flat gold is up two bucks silver's off third one penny likes recruiters off 26 cents natural gas pulling backs off 44 pennies right now trade out of 256 the 30 year treasury up 16 ticks a half a point trade out of 124 11 let's go take a look at what all this means out here by taking a look at that nine panel market update how we begin by take a look at the ES many what the ES many do on Friday one Friday close above the top of its daily profile that's your resistance point those sellers were overrun that was at the 40 30 40 40 level out there well with price above yesterday are Fridays high above the top of the profile what's the ES meeting want to do it wants to continue to move higher we take a look at spotball utilities the only thing concerning about the spotball utilities it has not taken out Fridays low so we have a little bit of a divergence there the ES taking out Fridays high but the ES not taken out Friday so nonetheless price and blow that 50 day exponents moving average that says price should continue to move higher the end queue on Friday did not make it up to the top of its daily profile that's what it's doing right now and a close above 12 408 50 is going to suggest a further move higher now when we go take a look at my intraday charts we're going to see signals that these markets are going to move higher the end you right now is targeted as a swing point the low that swing point which is from February 2nd is at 12501 75 the high so far today 12474 so that's a level that we watch it a price closes inside there with or without volume that's at 12501 75 odds favor price moves up to the top of that profile you take a look at the US dollar index it's consolidated with inside its daily profile does have a TD night out top out there and maybe targeting the bottom of that daily profile 103 84 gold is right now trading even though it's pulling back just a 10 it is really testing old resistance which may become new support and that's the top of its daily profile that's at the 1856 40 level we're in 1856 even Stephen as we speak the case of silver it's trading with inside a bolder structure daily profile typically once prices above the center which at 2083 it makes run to the top that's at 2213 folks they do for the traders that show but if you're off to start your Monday please have a magnificent one thanks for joining us we'll look forward to speaking with you again soon take care now