 news update. Good afternoon folks. This is Steve Rhodes coming to you live from the shores of sunny and mostly sunny Delray Beach, Florida. This is your 1 p.m. update and currently have all the U.S. indices trading to the downside. You got the Dow off 419 S&P down 67. NASDAQ 100 300 points. Russell's off 41 semis down 100. That's two and six tenths percent to the downside percentage wise. They're the leaders in the clubhouse spot follow 17%. You want to watch that end of day reading. If it's one day rate of change above plus 10% expect and anticipate some type of bounce or bottom in the overnight session. You've got gold trading up $2 trading at 1799 silver up seven pennies at 2248. Let's begin by take a look at our nine panel market update chart. Take a look at the upper left hand corner. We'll see the ES mini. The ES mini is trading into what's it trading into it's prior swing point looks like that swing point was from the trading day of December the 3rd. That says what you should do is go find that swing point inside the spy on a daily basis and compare the volume of that trading session or the trading session that has its swing point low versus today. Maybe we'll do that during the trader's edge show but at this stage here the signal here would be the ES mini would go target the bottom of its daily profile. That's at 45 29 50. That's especially in the message as long as a spot ball of tux remains above its 50 day exponential moving average which it is right now 1962 is the 50 day we're trading at 21 88 that doesn't negate the 10% rule out there. If we take a look at the NQ she's made her wave all the way back to the top of that weekly profile that's at the 15 303 level so that could be or should be a strong area of support. We'll know that by day's end US dollar index not doing much just trading sideways gold really trading sideways as is silver up just a tad but nothing really going on there lights recruit not doing much as well it does have a new profile that is attempting to form support here between 75 51 and 76 75 resistance at 79 85 it looks like the natural gas contract is confirming it's already roads meant to indicator signal bottom out here and that will be the case if we see a close day above three dollars and 98 cents that's the February contract we'll be rolling over to march this week. We take a look at the 30 year treasury the only pattern that got out here is if we do get a bowl of shamrock candle today that will confirm an A to B equal seating down pattern and I would suggest you can see the 30 year treasury bounce up into about the 157 26 area folks stay tuned for the Trader Z show but if you're off to start your Monday have a marvelous one and thanks so much for joining us take care.