TECHNICALS-IWM

The IWM is conspicuously lower today and the market internals have flipped to flat even though the DJIA is +35 and the NAZ IS +4. Oils has flipped to green and is back over $77. No inflation here.

Technically, the IWM does not look very good as Stochastics and MACD are turning down after making a lower high. It looks like a trading range and I never heard Bob Pisani make so much sense noting the market is near recent highs and hawkish language would not be surprising.
On a final note, if you think big caps will out perform small caps, go to cash as they will only do less worse.