Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
All the strength remains in large caps, while the broader market is weak yet again. This has been the pattern for the better part of 2+ weeks now. Russell 2000 is down 0.7% as the S&P 500 is flat (and NASDAQ up 0.3%!). The RSI on the Russell 2000 is nearing 50, while we’re still seeing readings in the 70(+) range for major indexes – a massive divergence.
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