Tuesday, March 07, 2017 11:55:08 AM
Small-cap Breadth Deteriorates
Stocks declined for the, gasp, third day running as the S&P 500 SPDR (SPY) fell a whopping .30% on the day. SPY is down .86% over the last three days and now trading in Wednesday's gap zone. QQQ is down a horrendous half percent in three days and also in the gap zone. IJR is down 2.05% and trading below last week's low. Small-caps are clearly not performing well right now and we can see this with a deterioration in the breadth indicators.
Stocks declined for the, gasp, third day running as the S&P 500 SPDR (SPY) fell a whopping .30% on the day. SPY is down .86% over the last three days and now trading in Wednesday's gap zone. QQQ is down a horrendous half percent in three days and also in the gap zone. IJR is down 2.05% and trading below last week's low. Small-caps are clearly not performing well right now and we can see this with a deterioration in the breadth indicators.
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