Monday, March 02, 2009

Stock Market Commentary: Small Caps Break

The declines in large cap indices didn't change their already weak positions.

The concern was the clear slice of November closing lows in small caps. With technicals weak and only hinting at a divergence it may be a while before we see anything positive here.

By tomorrow's open I hope to be able to say something about Breadth.

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts and stock charts website