 headline news update good afternoon folks Steve Rhodes coming to you live from the shores of rainy delray beach Florida this is your 1 p.m. update and currently we've got all the u.s. indices that we track trading to the upside that that was up nearly 200 points a half a percent s and p 20 points four tenths and Aztec two tenths or 37 points Russell's up one and a half percent another big day there 34 points the upside semis are up 39 spot politics is also up it's up 52 pennies but still below it's 50 day exponential moving average goals of $21 today silver's up 20 cents lights recruit up 247 let's go see what all that means by take a look at a nine panel market update chart although not shown here today is going to be bar number eight of a TD nine count for the ES mini the same thing for the NQ and the upper right so both those have the potential to identify a top between today and next Tuesday out there spot volatility index is still below it's 50 day exponential moving average that is at 1771 so the wind is still at the back for the s and p 500 the U.S. dollar index running right in the resistance resistance was it's a rose went to mitigate her top which was at 94 57 prices tested and rejected that level that could be signaling a price going to go ahead and move back to test the top of its daily profile at 93 74 U.S. dollar index remains in really more of a neutral position now you've got gold that is testing resistance resistance was set up by that shooting star bear shooting star candle if gold is able to close above 1815 it should run to 1838 but what it also would do is would set up an A to B equal CD pattern to the upside we don't have that just yet but watch 1815 50 at today's close silver on the other hand is run right up in resistance that's the top of its weekly profile 2423 but it's real next key resistance levels at 2492 if you see a close above that we've got an A to B equal CD to the upside for silver like we crude has traded below is closed below the bottom of daily profiles for two consecutive days so far today's move is nothing more than a countertrend rally and that will remain the case unless we see a close above 8124 we're trading at 8126 right now natural gas is given up some of its mojo has been able to take out the center it's just trading sideways neither bullish nor bearish out here just neutral and when it comes to the 30 year treasury we got the U.S. markets up we've got the U.S. treasury signaling to us that it wants to also move higher I'd say moving into the 164-ish type level right now trading at 162 in 2130 seconds folks stay tuned for the Trader Zed show but if you're off to start your Friday have a fantastic one and we look forward to seeing you soon.