Editors Note:

The small cap sector skidded to a stop at resistance once again. The Russell tested the correction level resistance at 1,566 on each of the last two days and each time it was repelled. The Russell was up +8 in the morning but was the first index to roll over with selling starting 5 minutes after the open. The small caps are starting to show intraday volatility normally seen at market tops and bottoms. I doubt we are at a bottom.



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