 Good afternoon folks as Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida this year 2 p.m. Update and currently of all the US indices that we track trading to the upside douse up 126 points S&P 32 Nasdaq 101 23 Russell's up 13 semis up 23 trend is up 166 you got gold trade out at 1844 10 that's off 6 bucks over trade out of 22 16 that's up 25 cents like recruit up 25 cents she's trade at 1862 natural gas up 79 pennies 931 is the print there in the 30 treasure up 1 point and 11 ticks she's trade at 136 24 so let's go take a look at our indices charts out here get a feel for what they're communicating to us if you give me a moment here we'll change screens in the upper left hand side you'll see the Dow Jones industrial so if we take a look at the Dow out here what we can see is what ever since the trading day of we're trading up because this was now May 31st yeah May 27th what we have seen is basically a sideways move 1 2 3 4 today is going to be session number 5 so really kind of a consolidation with inside that swing point we'll call it if you will that move higher if you look at the S&P 500 it's really the same thing May 27th what have we done in essence traded sideways the NDX 100 hasn't really it's been it's mostly been trade sideways but we did have a nice sign of strength on the June 2nd out here so it's a slightly sideways to slightly higher the Russell 2000 more of a stair step approach to the upside so the Russell is the one that looks healthier on the top line out here the semis kind of look like the NDX 100 no surprise there now the transports look to form or should will form bar number eight today or should of course anything enough by day then we still have two hours of trading but the Dow transports could form a top between today and Wednesday of this week that's the only topping signal that I have out there New York Stock Exchange has just been a sideways move as I mentioned if you didn't if you caught the Trader Zed show New York Stock Exchange is really working off a an overbought condition out here if we take a look at strength inside the New York Stock Exchange that's actually coming from the top 100 international stocks yeah how about that there was a TD9 account top that was in place and it failed after one full day so this index could be saying hey it's going to target 67.15 out there the FTSE and the DAX most certainly did wake up but today folks stay tuned your favorite polar bear David White is up next and Tom O'Brien will take us home from three to four I'll be back with you tomorrow on terrific Tuesday have a magnificent Monday take care