Daily Market Commentary: Small Caps Have Best of Action

The handful of buyers who haven't bought this rally are keeping thing ticking along.  Small Caps had the best of the quiet action, edging a little higher.

The Russell 2000 is on the verge of a MACD trigger 'buy'. Other technicals are positive.

But there wasn't much which could be said for other indices. The Nasdaq managed to register an accumulation day, but the doji makes it a low key affair. The MACD has flatlined, if positive.

The same for the S&P: Accumulation on a doji.  Only point of note was the shift away from Large Caps to Small Caps after a brief relative gain for Large Caps.

A cut-and-paste of yesterday...


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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. You can read what others are saying about Zignals on Investimonials.com.


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