Stocks are once again poised to pullback or correct, says the Russell 2000 Small Cap Index.
This kind of solid move down on the session, that closed at the bottom of a two week trading range, is one of conviction.
It makes sense that funds would rotate out of smaller growth stocks in favor of value plays. We’ll see if it sticks.
Lack of selling volume elsewhere doesn’t confirm what the small caps are saying. At least not today.
It’s the beginning of a new quarter. Let’s see what trends we can uncover this week.