The Russell and More: March 3rd, 2010

March 3, 2010 – 5:36 pm

I was watching Power Lunch today and they had a segment over the Russell 2000 index. They were talking about how strong the small caps had been this year, but when looking at the chart, the Russell 2000 index is in a large area of resistance. It may be time to short the Russell folks.

Power Lunch also went over a small drug company called Medivation (MDVN) who dropped 67% today when a placebo showed better results at controlling Alzheimer’s than the drug they had spent time and money developing. See that little red sliver at the bottom right corner? Yea….that is the stock price.

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