Large Caps Feel the Heat as Semiconductors Struggle
Yesterday, Small Caps led the rally as Large Caps lost ground. Today, those same weak Large Caps took another hit and dragged Tech indices with them. Small Caps also suffered but they have plenty of wiggle room before they hit trouble. The Dow sell-off didn't stop at its 50-day MA and is now on course to test its 200-day MA. Technicals, aside from Stochastics, are bearish.