The present study aimed to investigate the everyday emotional dynamics of depressed individuals, especially the role of emotional inertia, emotional context insensitivity, and emotional variability and instability. Using ecological momentary assessment, 40 currently depressed individuals and 40 healthy controls reported on their current emotional state and current activities 10 times a day for 4 consecutive days. There were no differences in the dynamics of positive affect (PA) between depressed and healthy subjects. Depressed participants' negative affect (NA), however, was found to be more inert than in healthy controls, while at the same time being more variable and more reactive to positive events. There was also an association between emotional instability and depression, but this was rendered nonsignificant when analyses were controlled for emotional variability. Altogether, emotional dynamics of NA appear to be more prominently disturbed in depression compared to PA. Results support earlier findings on NA emotional variability as well as inertia in depressed patients. In addition, there was some evidence for a mood brightening effect in depression.