 T F N N headline news update. Good afternoon folks I'm Steve Rhodes coming to you live from sunny Delray Beach Florida thank goodness it's sunny was 58 degrees down here this morning that is a bit too cold for Stevie right now it's 77 but if we take a look at what is hot it is the markets you've got the Dow up 331 points that's about one and a quarter percent to the upside S&P is up 30 points that's 1% and the X 1% and change it's up 90 points the Russell's up a little over 1% up 18 points the semis up 27 what does it all mean though what does it mean jelly bean well if we take a look at the Dow out here it's traded right up into resistance now I'm not saying this is a counter trend rally the move down that we saw on Monday and Tuesday out here but if it is this is where it would stop it's called Stevie's Green Line it's basically at about 28,008 that is where price is trading right now now if price can clear this area well then it suggests moving even higher but right now what we've seen with this nice move out here is price coming back to an area of resistance again closing above resistance well that would be a beautiful thing for the bulls but that is not the picture that we have let's go take a look at the NDX 100 what has it done because it is nice and strong well well and behold it has run right up into Stevie's Green Line in fact price is just a little bit below that level prices trade at 83.98 out there oh my goodness I wasn't even sharing here's the chart here is the NDX 100 so that you can see it so that is traded up in resistance how about that Russell 2000 I mentioned the Russell 2000 nice and strong well if we take a look at is it really strong it's strong but maybe not really strong it's needs to pump a little more iron maybe needs to take a little iron what does Stevie mean well price is moving higher doing less relative energy that has created a little dark black line from lower left to upper right and what that says if we were to see some type of bearish reversal candle and then a close below Stevie's Green Line at 1624 well that would be curtains curtains meeting taking price back to about the 1544 level but price above support price can move higher with less relative energy can continue to do so it only becomes a problem when we see the bears show up and right now we don't see any bears hey if we go take a look at New York Stock Exchange guess what the New York Stock Exchange is doing she's also moving higher doing less relative energy out there if folks that's how it made the bottom back in August will it make a top that way check in on Monday we'll see what Sunday and Monday bring us but stay tuned your favorite polar bear David whites up next time will Brian to take you home from three to five this is Steve Rhodes I'll be back with you on Monday one o'clock