 news update. Good afternoon folks this is Steve Rhodes coming to you live from the shores of sunny delray beach florida this is your one p.m. update and currently we've got the adult trading up fifty five points she straight out at thirty six three ninety two the s&p's up nine nasdaq one hundred seven points the rustles up fifteen both those are about seven tenths of a percent to the upside the some eyes up one and six tenth percent sixty five bucks gold is trading down twenty nine dollars seventeen ninety nine silver forty nine cents that's a two percent drop it straight out at twenty two eighty six let's go spend a little time take a look at our nine panel market update chart in the upper left hand side you've got the yes many the yes many has a sell the deep point at least technically speaking that was confirmed with his bearish engulfing candle on the trading day of December the thirtieth price however still above the top of its weekly and daily profiles so the signal is somewhat muted close about forty seven ninety nine seventy five would negate that sell the deep point we take a look at spot politics it is trading below its fifty day exponential we've been average that's printed at nineteen sixty eight and the spot politics is seventeen twenty three that in essence is bullish for the s&p five hundred the nq still trading inside that November twenty second swing point that's what created that rose month the indicator signal out their price would have to close about sixteen seven sixty nine and a quarter to negate that pattern but as long as price stays above sixteen three sixty six even if it's with light volume odds favor that price may make a run for that high the US dollar index right now it's having a strong day it is testing the top of a brand new profile that is attempting to form the top of that profiles ninety six thirty one we're trade at ninety six thirty one so that's where the sellers reside case of Goldilocks on Friday made its way up to our sellers reside the top of the weekly profile in a since traded lower right now it's testing the top of that weekly profile what's the eighteen oh two twenty level price able to close above that well then I'd say gold is held the day silver silver is weaker than gold from the standpoint has been able to even get really inside its bear structured daily profile that's between twenty three forty five in twenty three ninety three we do know where the sellers reside in the case of light sweet crude it has to be equal CD pattern but it has not generated a bearish reversal candle just trading inside a new daily profile with support at seventy three eighty nine resistance seventy seven forty four natural gas still can't really find its legs it would need to close about three dollars ninety eight cents to say that there is a bottom folks they do it for the traders and show we'll see in just a few