 And welcome to the 2pm update at TFNN with me David White what do we have going on today? Well everybody was a little afraid of the inflation ghost out running around on numbers this morning and then they decided that they're going to just whistle past the graveyard on that up 61 on the Nasdaq up about 2 on the S&P cash now the question is do we have any kind of juice one way or the other to bust out of this trading range? And well no as volume a little bit better yes as good as yesterday no but we have about 6.2 billion shares on the day now of course this is Wednesday we've got options expiration on Friday so and then of course that goes into a three day weekend so the question is what's what's going to happen? And it depends on whether you look at the glass half empty or half full the biggest problem I see right now is that most stocks are selling off but that many people in fact most of the people that are short are going after stocks that they probably shouldn't be shorting and that is stocks like Apple today. Apple's been about 30% short the last handful of days as many people start seeing them come under the big watchful eye of the Federal Trade Commission in fact one of the last opposing voices at the FTC left in a huff and that pushes us up at Apple right now to hovering around 155 on the day when they had fairly bad news well there's a big problem they got 200 billion dollars sitting around they can always buy back their stock pretty much anytime they want and a good time is when everybody's shorting them they can make them eat some buckwheats so we'll see if we're going to find it but majority of stocks headed lower see that summation index handful of stocks Tesla Apple some of these others are teaching people not to get short too early we'll be back in a minute the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest