 T F N N headline news update Welcome back folks. You've got a welcome to the this is the Steve Rhodes and this is the 2 p.m. Update Don't worry. I'll get my thoughts in order here But what I wanted to share with you is all the U.S. and she's our trading to the upside You've got the dollop 175 the S&P 35 Nasdaq 143 Russell 40 Semi 63 trannies 163 New York Stock Exchange one and a quarter Nasdaq composite 179 Wilts your 5,422 points out there the spot Politics back 65 cents. She's trading at 1633 golds of four bucks. Let's go take a look at our Indici charts out here So give me a moment just to switch over to those screen because what we'll do is we'll make a those numbers What are the levels that you want to be monitoring that will provide us with information? And it's really about two charts that show up here You've got eight charts, but it's the NDX 100 third over from the left up top and the price close above yesterday's high That was the TD nine count high that threshold high is currently priced at 157 2975. That'll never change We're printing right now at 157 42 What is a close above a TD nine count top beam when you didn't even have a hiccup? It says strong momentum move underway doesn't mean that price can't pull back But I would say strong momentum move to the upside and the same is true with the socks now with regard to the socks It's the high from two days ago that high out here. That was October 26th. That was 34 27 90 We're 34 25 right now But if the socks goes above that that level and the NDX goes above that level you've got breakout messages strong momentum move messages to The upside in those two instruments inside the doll You still have a TD nine count top prices above its green oscillator and change line That's really the level that it's targeting out here and the same is true with the S&P 500 It's trying to target its oscillator and change line in the case of the S&P 500 if it closes above the high from two days ago that high level is 45 98 53 it's off to the races out there as I take a look at the Russell 2000 the TD nine count top a two-day wonder took price pretty much back to its breakout level at 22 44 out there price above its green oscillator and change line the close above 22 81 says it wants to continue to move higher We've covered the socks the trannies have got no pattern out here of a top Although I'm sure I can find an A to B equal CDs somewhere spot politics nothing to look at there You've got gold up a few bucks four dollars to speak of the XAU was pulling back. Why it's normal. It's natural It's that oscillator and change line it changes colors And what happens is we see price and that line catch up to each other And if we see a test and rejection of that level folks What you want to do is back up the truck and load up on those mining equities Don't do it now wait for the test Steve Rhodes with TFN and folks day two and you've got two more great hours your favorite polar bear David white He's up next Tom will Brian. He'll take us on home. I'll be back with you tomorrow 8 o'clock 8 o 6 to be exact We'll see you then