1:30pm (EST)
The bulls are trying to keep the market at current levels and were doing well up until lunch. All three major indexes have seen green but are currently in the red.
The Dow is down 14 points, or 1.3%, to 11,004 and has dipped below the 11,000 level several times. The index has traded to a high of 11,059 and to a low of 10,977.
The S&P made its way to 1,196 but is currently down 6 points, 0.5%, at 1,186 while the Nasdaq is off by 24 points, or 1%, and is at 2,456.
Citigroup (C, $4.71, up $0.15) is bucking the trend and is higher after reporting earnings this morning. The company reported a profit of $4.4 billion, or $0.15 a share, on revenue of $25 billion. Wall Street was expecting a slight loss.
We have a lot to cover in our Members Area so we want to get inside and talk about our trades. We will be back in the morning with a lengthy update.
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