 headline news update good afternoon folks deep roads coming to you live from soggy Delray Beach Florida this year 2 p.m. update currently got all the USNC's trading to the upside now is up 75 s and p 23 Nasdaq's up 151 Russell 20 points some eyes 37 trannies 111 golds up 12 bucks over up 15 pennies lights recruit up 15 cents traded 83 91 let's go spend a little bit of time with our index charts during the segment here give me a moment just to switch over and as I do you will see up in the upper left hand corner the Dow one of the things that you should notice is that today is going to become bar number eight of a TD nine count we know that those TD nine count tops can form a bar's eight nine or the bar following nine that suggests we should see some type of top between today and Wednesday and if we do see that top we should expect price to pull back and at least test that oscillator and change line currently printed 35 to win a quarter the s and p 500 same type of pattern bar number eight for me today now all of this assumes that bar number nine will complete tomorrow so we won't have that confirmation until tomorrow evening but if it does then what we've got is a likely pull back to the 44 86 level looking at the cash indices the NDX 100 bar number eight has formed suggested to pull back into the 15 208 level again I'm not saying that starts today I'm not saying that starts at 2 1 p.m. folks more likely than not we're gonna see higher price tomorrow maybe on Wednesday as well the Russell 2000 also forming bar number eight of a TD nine count what is not though is the semiconductor index so I pose this question to you is the market gonna top without a topping signal inside the semis I don't know the answer that question but maybe that's something that we need to explore but we do know about the semis they have not formed bar number eight and they need to spike the high of Friday so in the semis they've got to get to higher price and if they're gonna get to higher price so too should the NDX 100 something to think about now the transports out here on fire they formed a TD nine count you can see that back maybe five six days ago didn't last for more than a smidgen of time and that's a very strong uptrending market out here spot politics is simply below its 50 day exponential moving average that always puts the wind at the sales for the S&P 500 and the XAU it negated its TD nine count pattern a couple of days ago and that suggests higher price now it's gonna form bar number six likely goes on to form a TD nine count before price pulls back to test its oscillator unchanged line folks stay tuned for two more hours of great programing I'll be back with you tomorrow on terrific Tuesday have a magical marvelous Monday take care folks