Wednesday, October 2, 2013

S&P Small Caps: "What correction!?"

S&P600 (Small Caps) Daily Chart @ Close 10/01/13
Whilst the Benchmark S&P500, together with the Dow Industrials & Transports have been in 'corrective' mode; the $SML & NASDAQ100 for that matter, have both surged to new highs.
Until a Clear Sign of a reversal is witnessed across ALL Indices; suggestions that a meaningful high is in place remains preemptive.