 Good afternoon folks this is Steve Rhodes coming to you live from the shores of what it still looks like very sunny Delray Beach Florida this year 2 p.m. update currently of all the U.S. indices that we are tracking trading to the upside does up 570 points S&P 87 Nasdaq 297 Russell's up 34 that's 2% to 410 to 610 2.08% to the upside the semis are up about 3% at $75 and 60 cents what does all that mean jelly bean well I tell you what it all means here we'll do it by looking at a couple of different things out here are six of the core indices these are the ones that I was going to take that back what I was going to say that's not the case five of the six are ones that we can trade the Dow in the upper left hand corner so in each of these cases here you see a to b equal CD patterns that are in place out here and so that says well what does today's candle suggest excellent question to make that a little bit easier for you will just simply go change screens out here will take a look at the normal white background change screens that we look at for our cash indices what you will see on the Dow Jones is that you have a three river morning star so that's going to complete likely or confirm a by the D point pattern now in this case here on the daily basis first the next level resist will be 30801 or there about that's that red oscillator and change line the S&P 500 it's next heart because that's also a three river morning star so would confirm a by the D point take it at 3795 now price maybe if that's where the battle is going to take place what I don't know is whether it's buyers or sellers that will win that battle it's primarily sellers that are sitting up at those red oscillator and change lines but like the NDX 100 right now which will confirm with its gap to the upside as long as that remains through the day a by the D point pattern prices above the red oscillator and change line what does that mean Stevie that means that you should expect or anticipate a further at least counter trend move which what we would call it right now if you look at the Russell 2000 there is no bottom signal there's a place for it we take a look at the semiconductors they have a confirmed by the D point pattern as long as a three river morning star pattern holds up and the gap to the upside that suggests move to 2730 the transports out here looks like they may form a TD nine count bottom the NASDAQ composite gap to the upside and price trade above its red oscillator and change line so the NASDAQ is where the strength is that from the standpoint of being able to overtake the red oscillator and change lines hmm something to think about hey folks stay tuned your favorite polar bear David whites up next have a terrific Tuesday I'll look forward to seeing you on what performance take care