Small Caps Are Puking

There is no obvious news-driven catalyst for the un-exuberance, but since the US cash open, small cap stocks have been under pressure and the freefall is accelerating….

Russell 2000 broke below its 50DMA (red line) and doesn’t have much support down to its 100DMA (blue line)…

Notably “most shorted” stocks have broken out to the downside from their recent coiling pattern…

At the same time, bonds are bid…

Gold and the dollar are also marginally higher.