 headline news update good afternoon folks this is Steve Rhodes coming to live from the shores of Delray Beach Florida this year 2 p.m. updating currently we've got a bit of a mixed bag out here and that is the Dow trading higher by 141 the S&P higher by 16 the Nasdaq higher by 45 the Russell 2000's on four points that's less than two tenths percent some eyes are up 30 the trannies what a big move today although well off their highs are up 935 bucks they're trading out at about 16 870 gold is off 750 right now silver down two and three quarters percent or two and three tenths percent down 56 pennies trading out of 2350 let's go spend some time and take a look at our indices charts out here so give me a moment we'll change the screens in the upper left hand corner in a moment you'll see the Dow Jones the Dow Jones as we take a look at this here's what we know we know that it's TD 9 count top was negated yesterday with a close above that high that suggests that we continue to move higher what we still haven't had out here is a test of that oscillator and change line that should take place I just don't know when and without a topping signal we can't really make that call just yet there is no topping signal today bar number four of a TD 9 count no topping signal in the S&P 500 today will become bar number five it negated its TD 9 count pattern last Friday that suggests a strong moment to move to the upside it too needs to test or should test its oscillator and change line but not until we get a topping signal will we be able to really make that call the NDX 100 bar number five there as well negated its topping signal last Thursday strong move and finally the Russell 2000 joined the crew yesterday with that big wide-ranging bar to the upside you can see it took out two TD 9 count tops out there and that is a bullish move the semis very similar to the other indices out here only in bar number four of a TD 9 count that suggests that price should continue moving higher if you take a look at that bar on the Dow transports out there I mean I had to really do a double take it was away from a desperate while this got up to a high today of 18 246 we're talking from a low a low today the open was 5966 5966 to 18246 I've never seen anything like that about we're seeing it now hey one thing is for certain although it's given up a lot of its gains I don't have any kind of bearish signal out here spot follow takes well below its 50 day expansion we can average that puts the wind at the sails of the bulls out there and so that's what we've got folks stay tuned your favorite polar bear David White with the power trading hour he'll be up next Tom O'Brien he'll take us on home I'll see you back here tomorrow one o'clock sharp have a terrific Tuesday folks