Tuesday, February 3, 2009

Stocks Struggle to Stay Positive

The Russell 2000 has now dropped into the red. The S&P 500 is straddling the flat line, and the Dow is barely positive. With such erratic conditions, its not worth trying to trade stocks today.

Russell 2000 -- the leading indicator for stocks, both upside and downside (yesterday's close is the purple line)
S&P 500 -- flat, but about to go negative?
Dow -- still positive