 update good afternoon folks this is Steve Rhodes coming to you live from the shores of sunny Delray Beach Florida this year 2 p.m. update and currently we have a slightly mixed bag out here all the US indices with the exception of the semis are trading to the upside the semis only off seven bucks eight bucks two tenths were sent that's basically flat the NASDAQ is the ASIC 100 is up 43 that's two tenths the Russell is up 9 tenths or 19 points the Dow up 40 the S&P up seven gold is up about nine silver 19 cents like recruit up 34 pennies let's go spend a little time and take a look at our cash indices charts out here we begin by take a look at the Dow in the upper left hand corner now the Dow number to be watching right this down in your pad of paper it's 36 565 73 if the Dow is able to close above that level then it will negate its TD 9 count top and if it doesn't that topping pattern stays in play the S&P 500 does not have a topping pattern and it gated that signal on a Monday this is going to become bar number six that says there could be a TD 9 count top is still needs to form out there but that could form by the middle of next week the NASDAQ 100 still has its roads meant to mitigate her top in place the Russell 2000 it has a sell the D point and wave number seven that is in place out here now today is going to be bar number seven here likely we will see price bike above bar number five that high out here tomorrow or on Monday that high is 22 71 40 now would then create a TD 9 count top for it as Russell 2000 need to do that nobody would be nice to have that signal the semis although they're pulling back they're just pulling back to test the oscillator and change line that's currently printing at 39 78 97 we're trained at 39 85 as we speak right now close below that oscillator and change line would suggest the semis are getting ready for a pullback why because two days ago you had a confirmed rogment of indicator top so the key level of sport is that green oscillator and change line now transport is not really doing a whole lot so we won't pay any attention there now the spot ball of 10x maybe just simply make and move back to 1638 could be 1527 1638 is the TD 9 breakout level 1527 is the bottom of its 50 to 1 Bollinger ban and in the case of the XAU it has a TD 9 count top and tomorrow price can close above its high that's from the high of December 28th out there that level is 132 30 then the XAU will signal it's off to the races and a to B will see the upside and move to 144 53 that's not the message right now but that would be the message of price can take on the high from two days ago folks thanks much for being here stay tuned for some great programming I'll be back with you tomorrow 1 o'clock sharp to do the market update the Trader Z show after that drop to start your holiday have a happy new year thanks much for always joining us I look forward to seeing you again soon