Russell 2000 Index ETF (IWM) Looks Weak

March 31st, 2010

Futures are as we expected fairly flat this morning ahead of the release of ADP’s estimate of private-sector employment. Most economists polled by MarketWatch expect the ADP report to show that 40,000 jobs were created in March. Whether that happens or not, the big thing will be if the market likes the number or not. Per the indexes, the Russell 2000 (RUT) seems like it’s the weakest right now and like headed back down to it’s Fibonacci support level.

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