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AdamParmer

Russell is lagging it's peers and is showing divergence

iShares Russell 2000 ETF (AMEX:IWM)  
AdamParmer Updated   
AMEX:IWM   iShares Russell 2000 ETF
Divergence rsi_divergence Relative Strength Index (RSI) Moving Average Convergence / Divergence (MACD) macdivergence
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divergence rsi_divergence relativestrengthindex macd macdivergence
This rally is looking a little long in the tooth. I am not ready to "call a top" but there is evidence of weakness in the small cap stocks. I do not like when small caps lag in a rally and we have IWM (Candle chart) and the QQQ (red line) lagging in a major way. If they turn over, do not underestimate their ability to pull down the rest of the indices.
Comment:
I wish I shorted this thing because while the indices are down mildly, the Russell is getting slaughtered today.
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