The market is showing no direction today as all the major indices are trading flat this afternoon. Stocks started the day higher, but quickly turned negative as Ben Bernanke met with Congress. The Dow is down 13 points today, the Nasdaq is down 8 points and the S&P 500 is down about 2 points.
Penny stocks are also slow today with only a couple of penny stocks making any big moves.
Medical Marijuana, Inc. (OTC:MJNA) is up 9.26% today at $0.0720. MJNA has traded 42.4 million shares so far today and usually trades about 2 million shares a day on average. MJNA is continuing its upward trend today after announcing financing agreement for up to $4 million with CannaBANK.
North Springs Resources (OTCBB:NSRS) is up 40% today at $0.1560. This former pump bounced today after taking a beating for more than a week now. This rally may not last though unless someone starts pumping it again. NSRS has traded 26.3 million shares this afternoon.
Atrinsic, Inc. (OTC:ATRN) is up 16.37% this afternoon at $0.2630. ATRN has been trading in the range of around $0.20 to $0.26 over the past week. The stock rallied nearly 600% earlier this month when it moved from $0.05 to around $0.30. ATRN has traded 8.1 million shares so far today.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.