 This is TFNN the Tiger financial news network Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida This year 11 a.m. Okay, we got a mixed bag out there. The mix goes like this You've got the Dow up 31 S&P's up six Nasdaq 100 is up 46 Nasdaq composite of 42 You've got the Russell down 18 points a little over 1% 16 points for the semis That's a half a percent eight tenths were sent for the trannies 119 points to the downside we got gold trading off 12 bucks silver's off 19 pennies like to recruit us up a buck Natural gas off 24 cents. That's a 7% move to the downside 30 Treasury off nearly one point tradeout at 1 12 24 let's figure out what all that means by looking at that nine panel market update chart We begin with the ES mini upper left-hand side. What do we know? We know that price on Friday and on Thursday closed above the top of its slightly bearish structured profile That's a just a further run higher. There's resistance up with the 44 30 50 level. There's trend line resistance as well No, we did see an ES mini that traded higher closed higher than the prior closed for five consecutive Sessions out here. We may close higher today, but you got to expect to anticipate at least a couple of day retracement Spotball tonic still below is 50 day exponential moving average that puts the wind at the back of the sails of the bulls and the buyers for the S&P 500 the NQ Running right up into that trend line resistance now, there's several little trend lines that are going there It also has resistance up in a prior swing at 15 468 US dollar index on Friday had a big move and closed just below the bottom of its weekly profile There's a change in trend. We'll see a second close this week below 104 98 to take a look at Goldilocks And so we're really just consolidating between profile levels in the case of silver It's really between a rising and a falling trend line area out there if we take a look at lights we crude lights we crude Might be targeting 78 51 78 51 is its breakout level It is trading right now at its profile area the bottom of that profile where the buyers are hanging out is 8144 price right now at about 8158 We take a look at natural gas it did for more is trying to form a new daily profile today and it's trading below that Natural gas is a little booger I say we all come back to natural gas in January January, February when it's favorable seasonal cycle Begins out there. Otherwise. This is just a psycho But if we take a look at the 30-year Treasury what it had has done to form that nice rosement to indicator bottom And that led and has led to a consolidation between profile support and resistance resistance up at 113 19 We saw that tested on Friday again tested this morning support down at the 107 27 level folks Stay tuned for the trader Zed show, but if I have to start your mind to have a magnificent one Thanks for joining us. We'll look forward to speaking with you again soon. Take care now