Minor losses for Small Caps offset by small gains for Large Caps

No great change for indices again. There could be an argument for a possible acceleration in the bullish trend for Large Caps and Tech Indices, but its not exactly convincing. On a positive front, technicals are in good shape across all indices.

The Nasdaq is in the process of building a relative performance advantage against Small Caps by the acceleration in the bullish trend.

The S&P just registered as a new MACD trigger 'buy', but the rate of gain is not the same as the Nasdaq. 

While Small Caps took a small loss, it didn't break its trend, although another loss like today's will be enough to do so. The index lost ground against Large Caps and Tech indices, switching to a 'sell' relative to these indices.

Until there is a trend break in the Russell 2000, there isn't much more to say on the indices. 

You've now read my opinion, next read Douglas' blog.

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