 Good afternoon folks this is Steve Rhodes coming to you live from the shores of sunny Delray Beach Florida this is your one PM update currently we got all of the U.S. and C's trading lower the Dow's off hundred ninety six points half a percent the S&P one and a quarter percent or fifty eight points the Nasdaq nearly two percent three hundred thirteen points Russell's off one percent twenty points semis down fifty nine one and a half spot politics trading up twelve point three six percent what you want to watch for coming into the close is whether or not there's a one-day rate of change greater than plus ten percent if there is any want to go take a look at those short term equity future contracts to look for some bottoming patterns and signals out there but that's an end of day call gold's off fifteen bucks silver down forty two cents there's nowhere to hide let's go take a look at our nine panel market update chart we begin by taking a look at the ES many in the upper left hand corner we can see the prices below the bottom of its are not the bottom the center of its bear structured daily profile that suggests perhaps run back to forty five thirty seven the bottom of its daily profile spot politics well above fifty day exponents moving average which is at twenty thirty nine prices currently twenty thirty nine what did I do there it is twenty thirty nine yes that is the fifty day expense moving average so the NQ this is a big question here the NQ is made its way back to support support being the bottom of its daily profile the bottom the daily profiles fifteen seven twenty one today's low fifteen seven thirty four so what we'll do during the traders ed show the first thing that will do is we'll go take a look at the NQ charts and see if there's any kind of bottom signals here when price comes back to a daily level of support which the NQ is at right now look to see if there's any kind of bottom signals US dollar just moving sideways gold really doing the same it is back fifteen bucks just trading testing a little rising trend line out there silver finding support once again at the bottom of its weekly profile that's twenty one eighty two lights we crew just trading sideways out here so nothing to report on there no bottom signal yet inside of natural gas is its trading lower and below the bottom of a relatively new profile out there in the thirty year treasury still above the top of its bear structured profile which is closed above yesterday a second close of a one sixty three fourteen would suggest a run back to its recent highs those recent highs of the trading session from December the third the high out there one sixty five twenty seven folks stay tuned for the traders ed show but if you're off to start your Tuesday have a terrific one and we'll look forward to seeing you again soon take care