 headline news update welcome folks we had the Dow industrials finished down 531 Nasdaq is off 10 S&Ps down 32 gold gold contract flat 1798 announced we had silver down silver up 2 cents $22 48 cents an ounce lights week crew down a buck 91 $70 45 cents a barrel notes and bonds the 10 year up one tick trading 130 104 the 30 year up 12 at 162 16 and $1.5 King dollars and juice here up 615 ticks 96 659 the euro trading out here at 112 the yen at 113 and a half and the British pound at 132 to 1 the US dollar we get open we take a look at the spy folks we have inside the spy here we're at 120 million shares traded we knew we'd get somewhere around there and the bottom line is that we're going into 127 million so this is a real close call man whether you know you're going to go down to the bottom of this consolidation first before you go after the highs my take inside the S&P is that we're going to go after the highs the reason I'm saying that is we went to a higher high yesterday and had volume when you go to a higher high and had volume you know we did the same amount of volume today almost when 119 you went to a high yesterday at 116 that says guess what you can make that high coming into the Christmas coming into the New Year holiday and the X100 now is different there's no doubt the end the QQQ's bottom line they are pushing the lows with volume and the lower range inside the Q's where right next to it it's 381 right now you're 384 so I expect what you're gonna see next week we're gonna see a market that wants higher price you have a contraction of volume we'll see whether the Q's can actually make it up to the 400 area what's gonna get intriguing with the Q's is that you don't have two lower lows yet the bottom line is we have two lower highs okay but you only have one low low low low so you are not in a downtrend yet okay the bottom line is that you know in order to get in a downtrend you're gonna need basically two or three lower lows and then we already have two lower highs so the lower highs are in place the lower lows however I'm not in place have a great weekend folks have a safe weekend come back and visit Tommy Monday morning kicks us off nine o'clock in the morning great show