 This is T F N N. The Tiger financial news network. T F N N headline news update. Good afternoon folks. I'm Steve roger one o'clock guest filling in for Tommy O'Brien. Right now we've got the Dow up 65 points S and P is up nine. So all the indices with the exception of the transports are trading to the upside up the index actually it's a semis that are up by 12 points nearly one percent out there. The Dow is up a quarter of a point of slightly more than that for the S and P it's up about nine points the index up 30. So what is it that's important about where we're trading right now actually what's really interesting. You've got gold the twelve ninety one seventy let's start there for a moment now it was trade at twelve ninety one forty just a moment ago just a few pennies what's interesting for me and I think for you about the twelve ninety one in change area is that a weekly basis it's called Stevie's green line. Right blank screen I don't know what to tell you about that. If we take a look at what gold is doing trading right into resistance. So we don't have a break away just yet in fact it will really be tomorrow's close. This is a weekly chart that you and I are looking at and you're going to want to see a close above twelve ninety two is the number we'll just use that will forget the change out there now with regard to. The markets themselves it's really just well really three markets to be focused on it's the NQ. The Nasdaq one hundred. The reason is because we've had we've got two competing patterns. We have a potential for an A to B equal CD to the downside given your price projection of seventy fifty one. We're at seventy two fifty one right now but if we get a bullish reversal signal today meaning if we close up. I don't know around seventy two seventy that's all that it would take. Then that's going to be a signal. That we may have a bottom I say maybe because we have the roads with the indicator signal it's way up at seventy four or one really what it would mean to me if we get a bullish reversal signal today is at least a rally up to that seventy four or one level. The other in the sea or in this case here equity futures contract to follow it's going to be the Dow you'll also see today the Dow and inside trading day but we're trading twenty five one ninety you get up to about twenty five two something what we will see there is a bullish reversal signal it too has the same types of patterns. So right now with the market is doing at one o'clock the afternoon it's trying to figure out whether it wants to set that book. For the bull move up in this case here twenty five five thirty six whether wants to make the ride downstairs twenty four four seventy six folks stay tuned Steve Rhodes that's me I'll be up next we'll take a look at more details of these markets take care and have a great day.