Checking Out Apple And The Fate Of Small Caps

There are some pretty glaring divergences in this market right now (sound familiar?).

I thought it would be interesting to show the difference in the charts right now between Apple, (AAPL) which is hitting new all-time highs and breaking out of consolidation today:

apple ta

And the Russell index which, going back to April has been stuck in a sideways channel and finally starting to break down hard. 

iwm ta

Sure, it is bouncing today, but heavy resistance now lies overhead and it'll be tough to break back through. 

Again, be cautious with this market. A lot to be concerned with, keep your risk under control, and stay within your tolerance. 

Click here to download my Allocation Spreadsheet.

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