Small Caps Breakout
In the end it proved to be a relatively lacklustre Friday with only Small Caps making the break. Weaker than expected jobs data had looked like it was going to be a catalyst for a breakout move, but in the end there was only one index showing some positivity into the Labor day weekend. Small Caps had been the relative leader compared to the S&P and Nasdaq over the last few weeks and this showed itself on Friday's strong finish. Next step for bulls is the MACD trigger 'buy'.