SMALL CAPS showing due respect to the Technical set-up...lower
Small Caps Index @ Close 11/07/2013
Unlike the narrowly 'owned' Dow Industrials; the more representative Small Caps (S&P600) & the NYSE Index for that matter, have failed to score new highs & remain firmly under the influence of the Negative Technical Set- Up witnessed last week.
Friday's Non- Farm Payrolls sets the scene for a Short- Term 'respite' or further follow through lower....one which may well accelerate as QE goes on forever & a day yet fails to garner any additional 'followers'?