Divergence

Divergence in the past week as Small cap stocks {as represented by the blue line in this chart} have begun to underperform the broader market as represented above by the S&P 500 ETF SPY.  This bears watching as small cap stocks will often lead the market.  That is they will often be the first stocks to either turn positive or negative at the beginning of a new stock phase.

{Chart from Yahoo Finance} 

*Long ETFs related to the S&P 500 in client and personal accounts.  Long IWM in certain client accounts.