 And welcome to the 2pm update with me David White here at TFNN and of course we've had Chairman Powell talking probably everybody is looking for any crack a sign of just the thinnest sign of light and of course saying that he's probably not going to be raising interest rates at a three quarters of a percent going forward but that probably doesn't make anything a lot better I think a lot of people are getting in front of the market right now thinking that it's the end of the year will probably have less selling fun buying really kind of starts tomorrow and we're up 45 points on the S&P cash the volume is not all that exciting since he started speaking at 130 but just a handful of things we are at what should be fairly significant resistance levels now though so the question is can we break through these before the end of the day or do we just give this up of course said earlier in the morning the ADP reported fewer jobs listings in October than expected the Labor Department also said job openings fell in the month DoorDash laid off 1250 folks so those layoffs in tech continue we also had some earnings with CrowdStrike and Intap respectively down 20% and 10% so stocks are still getting fairly punished if they don't they don't have to miss that much they just really at this point or if you're not blowing out highs you're probably going lower anyway we'll see how this comes up but this is pretty much the line in the sand on the S&P we're right above the 4000 market 4572 for the last tick I see but that's kind of it at the moment we'll see Powell is not quite done with his question and answer session but you've got a few things at least for the next few days that look a little bit more bullish mostly fun buying we'll be back with the show in just a few minutes the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having