Small Caps lead the way. It is very hard for the market to rally without the small caps and growth stocks participating. They are now RED ON THE YEAR.
That's right folks if you bought the small caps on January 2nd, you are now down on the year. There is about a 0%, that is right ZERO, the lows were this week or today. Better off staying in cash as these levels will be retested on any bounce...
A lot of technical damage done to markets globally this week. Check out this post on the gold/spx ratio. Major price action to be aware of.