 headline news update. Good afternoon folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida with your 2 p.m. update and currently we have a bloodbath going on out here. It's a sea of red. The Dow's off 620 points. The S&P's down 88. Nasdaq 100's off 405. Russell's off 47. That's 3% for the Nasdaq 100. Semis are up 95. A little over 3%. Tranny's down 384. That's 2.5%. You've got gold up $5.1970 is what it's printing. Silver's off 15 cents, 2352. Lights recruit up $3.75, 1 or 2.29s of print. Natural gas up 28 cents. Third-year Treasury up 1.2 ticks, 142.19 is its print. Let's go take a little time, take a look at our cash indices chart, see what they're communicating to both you and I. As we begin, we'll look at the Dow Jones Industrial. It's there for left-hand corner. In fact, we'll just expand out this chart here. What is price doing? Price is gunning for its February 24th swing point. The high out there is 33, 269, 34. Hasn't it yet? But looks like that's where it wants to at least go target. Now, I'm not saying it can't go lower, but that's where it should go target. If we take a look at the S&P 500, a close below 42.51 today is going to suggest that the March, no, that's the February 24th low would get tagged, and that's at the 41.14 area, 41.1465 to be exact. So a close below 42.5199 suggests that that is the likely outcome. The NDX100 is busting through for a second time. Its breakout level at $13.474, that suggests that price wants to go tag that March 14th swing point. That low, $13.020 and 40 cents out there. So that's where the NDX100 is headed might take that out. The Russell 2000 is really at the bottom of its consolidation out here. So may head a bit lower and go test February 24th slow in the 1894 area. The case of these semis out here, now the markets are not going to bottom until we see some type of bottom in the semis. Do we have any kind of a signal? And the answer is not really. So that looks like what the semis want to do is go target their next breakout area, and that's down to $28.62. Price right now trading at $29.41. As we look at the transports, you know, transports, I don't have a really great signal here. One day it's above the OUL. Next day it's below. But with regard to the New York Stock Exchange, a close below $15.895.67, and that's where we're trading below that right now, suggests a test of the February 24th swing low. Folks, stay tuned. Your favorite polar bear, David White, is up next. Tom O'Brien, he'll take us on home and I'll be back with you tomorrow on the clock. Have a terrific Tuesday.