Yesterday's Market

All of the charts below tell the same story: prices have broken important uptrends and the MACD is giving a sell-signal. This is the case with the big caps (SPYs), mid-caps (IWRs), small caps (IWMs), microcaps (IWC), and transports (IYT). In addition, over the last few weeks we've seen the leaders -- indexes that increased -- move from the smaller indexes (IWCS and IWMs) to the larger stocks. This indicates a move to more conservative investments.