 Welcome folks, we had the Dow industrials finished down 87, NASDAQ off 113, S&Ps down 20, volume wise out here, what you had, I mean percentage wise, you had the Dow down three tenths of 1%, S&Ps down seven tenths, NASDAQ down 1.4%. Now inside the NDX100, bottom line, SMHs, bottom line did get an ABC structure on the way down, this just blew away the B point, you needed 17.6 million shares coming into the close, guess what, you get 17.9 and they just loaded it up into the close, yeah folks, they blasted in the 1.5 million shares and about a heartbeat coming into that close, so those SMHs are going to lead the market down, right now the SMHs are at 101, these babies here are going to make their way down to the 85 to 86 number and if we take a look at this on a longer basis what you're going to see is that the SMHs had made the test of their highs as did the transports bottom line, now it's wide open as the lows that were established out here in December, so big number, some of the other indices out here we had gold up about 40, gold's going to need a lot more strength than it has had, what gold did do is it rejected lower price, had lighter volume, closed at 12.77, 12.79, 40 is what you want to see it over, silver up 6 cents that also rejected lower price, $14.45, notes and bonds, 10-year note down 6 ticks, 124.10, 30-year bond off 10 at 1.4912, they both back down, had light volume, building cause, they also want higher price, lower yield, I don't think we're going to see that for a few more days, but bottom line that's how they're setting up and king dollar, king dollar failed at a tie out here today, down 44 ticks, 97, 780, king dollar bottom line has continued to higher price, you had volume dying on the vine and I expect that king dollar now will back down each and every time that would be higher, king dollar can't handle price, each and every time that we back down, there's no sellers also, so the bulls and bears are going to continue fighting over king dollar. We're going to take a look at the spy, what you're going to see is that they're backing down on the swing point, your volume's contracting, that's still saying you can get another bounce out here, 283.96 in the spy, stay right there folks, come right back.