 update. Good afternoon folks as Steve Rhodes coming to you live from the shores of well it's sunny on the beach and it's cloudy overland Delray Beach Florida. This year two p.m. update and got a slightly mixed bag out here that mixes coming from the semis which are up seven points otherwise you got the Dow back 93 S&P's off six, NASDAQ 100 down 44, Russell's off two, trainees are down 23, Gold's off eight bucks, Silver's down 39 cents, Sleightsby Crude is off three dollars and 59 cents trained out of 106.20 and you've got the 30 year treasury up one and a half points trained out of 138.13. So what do we have going on out here we've got a number of different things we take a look at our index ETFs you've got two tests and rejections of key swing points one coming from the Q's and that's testing the swing point from the trading day of June 16th that did volume of 81 million shares we're at 53 million shares right now let me see if I can pull this up real quickly to do the straight line math on that so we are at 50 just trying to see where we're at we're at 53 million we've been trading for four and a half hours that gives us 76 million shares okay so it looks like we're going to test and reject the 276.06 level with less than 81 million shares that says yeah and we're testing the bottom of its daily profile can't bust them down price is going to go it looks like the world's not coming to an end today on June 30th that's a wonderful thing that's the same message coming from the IWM that's rejecting the top of its swing point that's when point was from the trading day of June the 16th volume near 43 million shares so far today you've done 16 well less than that no matter how we take a look at it and the case of the spies and the dial diamonds they're testing and holding the support level of the bottom of their profile so what you've got there is you've got can't bust them down should try to bust them to the upside let's go switch over and take a look at our indices charts see what cash indices charts that is see what they're communicating to us and what they're communicating to us the dial pulling back testing rejecting that red oscillator and chain line could be setting up the c-point of an a to b equal cd the same for the s and b 500 which is testing rejecting that 37.72 level the same for the ndx 100 which was 11478 the same for the russell 2000 which is 1708 now the semiconductors have also tested their swing point low that was a td9 count bottom so that remains in place out there and it's also doing it with lighter volume but what the semis need to do is they have got a close above that 2615 level that's that red oscillator and change line folks stay tuned your favorite polar bear david whites up next after dave tom will bridle take us on home i'll be recording tomorrow's trader's ed show from eight to nine so please join us live then have a terrific thursday if i don't speak to you before tomorrow or after tomorrow i want you to have a fantastic life we see about here and shoot off lots of fighting