Wednesday, April 9, 2014

So much for New Highs!

Small Caps ($SML) Daily Chart @ Close 04/08/2014
Ongoing Biotechnology 'carnage' simply too much for the broader market to ignore.
Small Caps NEVER confirmed the New Highs in the benchmark 500 early April; that too a warning sign.
Now what?
Further weakness possible as many an Inside Day scored Tuesday & that does NOT usually mark a 'turn' in direction.