No Sleep for the Wicked

It's almost as if the bears have given up and died when it comes to large-caps. The only area of fight today is coming in the small-caps. On Monday, I looked at the chart of Russell 2000 iShares (IWM), which continues to show a topping process in place. I reiterate my argument that the bulls need these few days more than the bears. The large caps may be seeing a bigger benefit from the month end/quarter end "mark ups."

Russell 2000 iShares IWM -- Daily Source: StockCharts.com View Chart » View in New Window »

The Russell 2000 iShares is dangerously close to closing beneath its 13-day simple moving average. Given the bearish divergence already seen in the RSI and the fact the stochastics is below 80, if I want to go short, then this is where I want to go. Again, I would only be looking for a quick move lower to $92, but this is the best index short setup I've seen on the domestic front....140 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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