RUT Levels to Watch

Today we saw heavy selling on the Russell 2000 and it didn't hold on to the 100MA as we talked about earlier this morning. The next support level to watch will be in the 800 area. The markets are extremely volatile right now with very mixed earnings, subprime concerns and a host of other concerns that the market seems to care about now. (It didn't care about any of these in the last few months when it was in rally mode). In any case, be careful out there as it will likely be a very volatile month ahead.

RUT Daily Chart