This is plaguing the market recently, the incessant underperformance of small cap stocks — the lifeblood of the seemingly idiot investor. Truth be told, I’ve been known to partake, but only to a small degree and only when bored.
Stocks with market caps under $5b are lower by 0.6%, while stocks with more than flat.
I think it’s fair to presume we’re more likely to retest the lows on the Nasdaq next week. We have just 150 points to the downside left, so it’s not really a big deal. The larger issue we should be concerned with is the technical damage done to key stocks.
Hubspot is perfect example of what we’re facing now.
And here are some market breakdowns of the past, perhaps a blueprint of how we might bottom. Watch the patterns.
And this is now. Clearly there’s more vacillating to do.
Market looks like shit, but I’m not short anything. Stupid me.