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Friday, October 10, 2014

Market Update: Russell 2000 Down 13% with Fear & Greed Index at Record Low of 2

Market and Sentiment update for today, October 10, 2014.

The S&P500 closed today at just a hair above its 200 day moving average. A flat or down open on Monday should cause the first penetration of this 200DMA since November 2012, nearly two years ago!
The Russell 2000 small cap index is down 9.24% YTD and is 13.4% below its all-time record high.

The broad market represented by the Wilshire 5000 index is currently below its 200DMA, the first time since late 2012.
 $WLSH up 1.37% YTD:

The "Fear & Greed Index" hit a record closing low of 2.

During the day, CNBC respondents were roughly split when asked if the market would be higher or lower next week.

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