 and welcome to another 2 p.m. update here tf and in with me David white we've got a market that's for the most part pretty flat the dows down almost 1% then Nasdaq up 3 tenths of a percent but you know when you actually go to something that is statistically relevant in the stock market if there was say there are 5500 stocks that trade over 300,000 shares a day so they're actually somewhat liquid what number of those would actually be significant kind of like you go and ask five people who's going to be the next president and then you put a poll on the front of your newspaper saying that mr. X or Mrs. Y it's going to be president does it even matter well Dow 30 stocks 95% institutionally owned there's only about 5% that's ever traded so is that significant probably not the entrances are just extremely narrow both in and out the S&P at 500 well if you actually do the statistics plus or five plus or minus 5% that number comes out to about 330,340 something like that so an S&P 500 stock collection should be rather significant compared to what's everything has happened if you're looking for some kind of aggregate score for that so you've got that Nasdaq 100 six of the stocks make up last time I look six of the stocks made up 60% of the entire index well you can probably throw that the Nasdaq 100 now when you look at the Nasdaq composite 2500 stocks I'd use that a lot more if you're looking for some kind of trend unless you're playing the six stocks that are 60% of the Nasdaq 100 so you don't have a lot there anyway we hit higher levels in the S&P there's a massive resistance level just above it as shown in the options the question is whether or not we can hold this up through Friday with a bias that's significantly lower by maybe a hundred points in the S&P 500 we'll be back in just a minute for the full show so hang on the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand