 And the tiger financial news network headline news update. Good morning folks. This is Steve Rhodes coming to you live from the shores of very sunny Delray Beach floor to this year 9 a.m. update. Currently we have all the U.S. equity futures trading in the downside. The Dow futures are off 102. Nasdaq futures off 44. S&P futures off 15. Russell futures are down 13. They're well off of their session lows out here. He had overnight in Asia. All the markets traded lower. He had Europe is trading lower this morning. Take a look at precious metals. They're trading lower as well. The gold's off 38 bucks. Silver's down 66. Platinum's off 22. Lights recruit us off $4.73. That's nearly a 5% move to the downside. Natural gas is the only thing trading to the upside. That's out of the 30 year treasury in the 10 year note out there. The natural gas is trading up 7 cents. 673 as its print. The 30 year treasury up one point and 12 ticks 141.16 is its print out here. Let's go take a look at, so we've got a little bit of a bounce going on and you should expect to anticipate that that's what the market is trying to do. One of the reasons it's trying to do that well really a couple different reasons. One would be because price is oversold. When I say oversold I'm referring to the advanced client oscillator of the New York Stock Exchange. It closed at minus 156.53 on Friday. That once it gets below minus 150 it is in oversold territory. It can get oversold. So you expect to anticipate some type of bottom and form between today and the next few days out here. That would be a likely outcome. The other thing is that on Friday we had a one day rate of change of spot bottlenecks above its 10% move. Whenever you have a one day rate of change above plus 10% you typically see a bounce or bottom on the very next trading session. Well turns out and that really is applying to the ES mini. So if we move over we take a look at the ES mini charts out here. What we'll see is you've got five different intraday time periods out here. 30 minute in the upper right, 60 minute lower left, 120, 240 in the five hour chart. Well you'll see out here our bottom patterns that are present right now. So that bounce or bottom that should take place is in place right now but no levels of resistance. Key levels of resistance have failed. The 30 minute chart price has gotten right up to its key level. That key level being 4252. The actual close on that bar as we came to the nine o'clock session out here was at 4253. So that's a key area of resistance. The price can close above that. You'd expect to move to 43.11. So the markets are trying to form a bottom out here. Wouldn't be surprised to see it bounce further. Folks stay tuned. Tommy O'Brien is up next. Have a marvelous magical Monday. Thanks so much for joining us. I'll see you tomorrow on Tuesday. One o'clock sharp just before the traders that show. Take care folks.