|The Russell 2000, along with the market in general, went on Mr. Toad's Wild Ride today a with gap down open and an "Oh Shit!" follow through to the downside. Only an afternoon rally and huge volume saved this index from a very ugly day.|
In fact, for the week the Russell 2000 is actually in the plus column by 1.72%. Nevertheless, this index and the rest of the market remain in a solid down trend. The market has sustained some significant damage the past two weeks and I would expect sideways action up until the November election.