 and headline news update. Good afternoon folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 2 p.m. update. We've got a little bit of a mixed bag out here right now. You've got the Dow up 84. The S&P's up 26. The Nasdaq 100 up 68. The Russell's slipped up negative. It's off 5. The trannies have gone negative. They're down 10 points. So basically flat out there. The Summizer up 65. Gold's up 650. Silver down 43 pennies. Let's go spend a little time and take a look at our market index charts out there. Give me a moment just to switch over to them. As soon as they populate, we'll see the Dow in the upper left hand corner. What we'll notice about the Dow is yesterday was bar number 8 of a TD9 count. Today we'll form bar number 9. It will have a valid bottom. That valid bottom taking place at its second breakout level. That's at the 34, 443 level. What should occur here is we should see price bounce up to the oscillator and change line. That's currently printed about 35, 503. We take a look at the S&P 500. You'll see a nice roadsman. The indicator top price has been able to hold so far. The breakout level of support 45, 51. So it still retains its bullish character as does the NDX. Even though it's got a valid top, it has not been able to bust out support. Now, in the case of the NQ's, we've seen how the bottom of its bullish structured profile is held. In the case of the NDX 100, the breakout level support, that price would need to close below. Tell us about a change in character. It would be 15, 578. If we look at the Russell 2000, it formed a TD9 count yesterday. Price should bounce up to that oscillator and change line at the 2311 area. The semiconductor index trading higher, but right up into resistance. Truly sitting right on that oscillator and change line. It has not negated the roadsman indicator top out there. This could be just the C point of an A to B equal CD to the downside. So that's a possibility. And those possibilities remain very possible, especially with that spot volatility index trading above its 50 day exponents moving average, which is at 1893. We're printing right now at 2422. I didn't talk about the transports out here. More likely than not, the signal for the transports that they should pull back to their breakout level. And that's at 15146. Now, the XAU, you see that it does show bar number nine. That was yesterday of a TD9 count. Unfortunately, it's bar number seven. That's the low. So all that we can say about the XAU is prices pulled back. It's held breakout support. That's still the bullish characteristic. And that's at 13032. And as long as price, as long as price stays above that 13032, we should see it bounce up to tag its oscillator and change line at the 13545 level. Folks, stay tuned. David whites up next with the power trading hour. Tom O'Brien to follow. And I'll be back with you tomorrow at 1 PM sharp. Have a wonderful Wednesday, folks.