The small caps in the Russell are still under pressure.
Note the intraday chart, below, for the ETF threatening to break the morning lows.
Until this chart improves, I am reticent to put on any new longs.
Who is playing the Apple event?
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Large cap managers who cheat using small caps are rotating out of small caps o get defensive. Fidelity has a small cap bias for their larger funds. I am hearing it is a topic of discussion.
Double top in apple. Will be down 5% by the end of the week
I’m very unhappy I didn’t have much dry powder for yesterday / today. :\