 This is TFNN, the Tiger Financial News Network update and welcome all to the 2 p.m. Update where we're off about a little less than a half percent on the S&P 500 NASDAQ said down a quarter of a percent Dow 30 3 quarters of a percent lower the surprise is the Russell 2000 up 9 tenths of a percent crude down a little less than 2 percent and gold and flat on the day so what do we have that I think is interesting and that is multiple multiple retest of 36 36 on the S&P cash which has been the low that I wanted to go back and retest but the volume may be well in fact it was about 15 minutes ago the lowest volume in three months for the last two-hour period and that's saying something in front of things like the FOMC meetings but we may be headed more back to the lowest volume in two hours for four months now so I'm going to keep track of that but we continue to challenge a low that had 18 billion shares right now we got about 6.3 billion shares as we get ready to start the show and so there's not a lot of volume but it's not that easy markets tend to do one of two things bottom on very light volume and those are fairly long-term lows or hang out at those lows even at light volume and slowly chew through the bottom generally that gives you some time to get out because they don't race through those lows generally the lows are blown out by a fairly big volume and there's a no real reason to argue whether it's a bull or bear market when they do that so hang on we'll have the show here in just a minute but a lot of stuff going on we'll be back in a minute the reality is that navigating financial markets can be risky