 news update good afternoon folks this is Steve Rhodes coming to you live from the shores of very sunny delray beach florida this year two p.m. update and of course we got the fed announcement uh... the fed decision is uh... what uh... don't see much movement in the equities just yet and just waiting for to show up on the uh... tv screen out there i'm sure it's got to be a increase yeah increase of point seven five percent for the fad funds rate out there so now it's kind of watch these uh... markets out here and i've got the dow 102 points s&p's up about fifty four course we've got a little frozen screen out there while uh... you know my son i've got a lot of things are open as we speak that's the except three twenty five so not seeing a substantial change at least not just yet but you want to stay tuned you'll certainly want to stay tuned to the uh... power trading hour out there with uh... david white as we uh... see how these markets respond now remember fed powers out with this uh... q and a that begins i believe in about two thirty so uh... we you know we may see market reactions out throughout the day in fact we might see some type of market reaction tomorrow whatever happens today the market will think about it and wonder did make the right decision based upon whatever information is out there so right now you've got all the u.s. equity futures equity markets of the future but the equity markets out there still trading the upside holding on to their gains that scene much in the way of movement inside of gold silver or lights recruit at this stage so uh... what more can the stevie ad to it uh... we go take a look at church but there's not much movement out here let's just uh... it'll come take well take a look at the index ctf's out here so we just move over to those so here's what we've got this is interesting you've got the espice that are trading into their swing point from july twenty second that's when point has volume of seventy two million shares you're coming in that swing point with very light volume twenty seven million in the case of the nq the swing point is from the trade day of july twenty second volume there was fifty seven million shares you're twenty eight million shares only two hours left to go not a lot of volumes is not signaling to us that it wants to take out that level but likely that it may trade up to those highs uh... so that's one possibility if you take a look at the dow diamonds are trading into a swing point that is three point two managers only one point two so late in the loafers there and in the case of the rock i w m it's when point but you know july twenty second swing point has twenty five million shares you've done ten so uh... it's not like the markets are busting out the highs with volume the reason is because they're not folks stay tuned your favorite polar bears up next have a wonderful wednesday i'll see you tomorrow terrific thursday one o'clock sharp take care