Rotation into large caps weighed on the small cap sector. I did not recommend a new position on Wednesday because the small cap internals were deteriorating. Today's minor decline was simply confirmation. There is a rotation underway back into the large cap industrials of expectations for a Chinese trade deal. As those hopes increase the rate of rotation will also increase. The A/D line on the Russell was almost dead even but the gainers were mostly fractional. There is still a bearish undertone for the small caps.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays