A pause only so far; patience always worth the wait.

Russell 2000 Small Cap Daily Chart @ Close 10/28/13

Whilst the lack of follow through lower has yet to be witnessed & other big cap indices have 'marched on' higher (albeit marginally); the Russell 2000 et al have 'stalled'.
Whether this stall succumbs to technical indications in that a correction of sorts is due; only time will tell.
Patience never goes out of fashion; yet is so rarely 'displayed'?

Follow up....follow through lower'?.............not yet

NDX100 Daily Chart @ Close 10/23/2013

Failure to follow through immediately lower leaves the 'door open' for a retest of the Highs scored Tuesday (across a # of indices).
The strong gains in the Transport Index @ +0.69% belies weakness elsewhere; perhaps a reaction to the gathering weakness in Crude $'s?
The NDX does have form in providing rather random Daily Chart patterns; the mid- July choppy & short- term 'adjustment' symptomatic of such & worthy of note for today's analysis.

NDX100 'confirms' the Small Caps 'hesitation': Outside Down Day

NDX100 Daily Chart @ Close 10/22/2013

An Outside Down day for the High Beta NDX100 would appear to be confirmation enough on the Small Caps 'Indecision' (see below)?
We think so; you?
And if so; then a pullback to its 50day SMA @ 3185 implies a 5% correction of its own.
Caveat Emptor now for the unsuspecting.

Small Caps 'Indecision' a RED Flag................

Small Cap Daily Chart @ Close 10/22/2013

An Indecisive Daily Chart by the leadership index should be warning enough to the Longs that perhaps another pause is upon us?
If so; then a neat 5% pullback to the Trend- Line & coincident 50day SMA @ 600 is to be expected.

NDX scores another New High......Divergences continue

NDX100 Daily Chart @ Close 10/15/2013

Both the NDX100 & Small Caps ($SML) are the indices to monitor.
New High for the HIGH BETA NDX100; the Negative Divergences evident on the Daily Chart & many a Stochastic Study the principal concern for those that 'care'.
Should we?