 Network TFNN headline news update. Good afternoon folks Steve Rhodes coming to you live from sunny Delray Beach Florida. This is your 1pm update and currently we've got all the markets trading to the upside. That was up 190 points about three quarters of a percent. Same with the S&P which is 25 points. NASDAQ 100 up one and a quarter percent 134 points. The big winner winner chicken dinner that goes to the semiconductor index up nearly two percent one in seven tenths percent 35 points to the upside out there. So we got a nice little rally going on counter trend rally right now you got the spot fix index trading out at 2848 and that is below it's a 50-day exponential moving average. Let's go ahead and start there take a look at the spot ball utility next trading right now 2848 50-day exponential moving average is 2673 that is where the spot ball utility index would have to close below for two sessions in a row to say that anything that is going on right now is anything more than a counter trend rally. At this stage of the game just a counter trend rally. Now you were to expect a counter trend rally to unfold today tomorrow why. Well if we take a look at the advanced decline oscillator for the New York Stock Exchange it managed to get down to nearly the minus 250 level on a closing basis. When you close at or near minus 150 that is technically oversold territory and you expect a bouncer bottom to form inside of the New York Stock Exchange. Right now we just have to call this a bounce that's all that it is at this stage of the game as time goes on the market will reveal more and more to us now. If we take a look at probably the key today is actually going to be Apple taking a look at looking for a message of the market so I'm going to expand this chart out here this is the daily time frame number two holding I believe inside of the NDX100. If this is just a counter trend rally that it ends right here right now right now one o'clock one o'clock one in the afternoon just kidding about the one oh one but it ends right here at one oh nine thirty eighty if we take a look at the brand new profile formed yesterday bullish and structure the center line is one oh nine thirty nine we're trading right now one oh nine forty one price closed below bullish structured profile yesterday if this is just a counter trend rally in apple then price will stop right here the center of that bullish structured profile so if apple closed above one oh nine thirty nine I'm not talking one oh nine forty but nicely closes above that then you can expect this to be at least a two-day rally because then that would signal that apple should make its way up to one seventeen twenty six isn't that a wonderful thing we're able to just narrow down the markets to just one stock and watch what it does to answer the question hey what's price going to do the rest of the afternoon and tomorrow folks stay tuned for two more great hour three more great hours of of shows out here if you're off to start your thursday have a thirsty one and we'll see you soon