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The Primary Index I'm Watching Right Now Is the Russell 2000 ETF

James "Rev Shark" DePorre

The DJIA is still down close to 500 points, breadth is running about 2000 gainers to 5300 losers and there are over 1100 stocks hitting new 12-month lows, but the early panic has cooled and there is a little bottom fishing taking place. The IWM was the first to correct back in early October, the first to bounce in November, and is the first to take out recent lows. The action in the IWM still looks quite poor but it bounced off the lows and is showing some signs of stabilization.