 news update welcome folks we have the now industrials trade down at two thirty one nazis off one twenty three s&p's off twenty five gold gold contract up three dollars seventy cents trade at seventeen eighty eight an ounce we have silver up thirteen cents twenty two dollars twenty nine cents an ounce light sweet crew down forty six cents seventy one dollars twenty two cents a barrel notes and bonds you have a big bid both on the note and bond market out here today folks okay we have the ten year trading up thirteen ticks one thirty twenty six the thirty year up a full point plus five ticks at one sixty two fifteen and the ten year right now is uh... yielding one point four two king dollar king dollars up two hundred six takes trade at ninety six three oh two years at one twelve he ends at one thirteen and a half in the british pounds at one thirty two to one u.s. dollar we get over to take a look at the spy what you have out here this is going to get cool man so would you have you you're backing down you're backing down with light volume and backing down with light volume right now if you got if you're a bull out there this is actually what you want to see uh... before the fed because uh... what i've seen is this is that you know if we went to higher highs today with light volume your probability would be a lot higher that whatever the fed's gonna say on wednesday at two o'clock that you can go south in a big way we go south for a couple days and you have a volume contraction like this that's saying what whatever the fed's gonna say is uh... gonna be good for the market so and the note bond market saying that today look at this note bond market man this is something else me we know that the fed has to go up an interest rates at some particular point but that being said the demand out here on the in the ten-year uh... bottom line is here you know that you're at your up fourteen ticks we go take a look at the thirty-year the thirty is actually more intense uh... it always is though that that's the other side of it the thirty-year always goes a lot higher than the ten we take a look at the thirty you get a full point up there you get a hundred ninety thousand contracts they couldn't in both the ten in the thirty we could use more volume but you get that big price movement of thirty looks to me is going to go right up to the last highs of the last six months and last size of the last six months is approximately one sixty four fifteen one sixty four eighteen so two points where we are right now and uh... you know we can see this game happening right when the fed is the talking gold gold contract out here you got a hundred thousand contracts needs more contract volume than that that's for sure you know bottom line that's like contract volume you're at the top of the range stare at their folks coming right back down down just goes right now trading down at two forty nine two two twelve we get the uh... nazek off one twenty s&p's down twenty three this baby wants to run a little into the close stare at their folks come right back