Not Such an Easy Company of Stocks

The updated hourly chart of the IWM, ETF for the small caps in the Russell 200 Index, below, illustrates the head-fakes higher and lower this week. 

Note the lower highs, but higher lows (light blue lines), reinforcing the notion of a choppy market which has yet to declare itself directionally. I still view $125 as being the first level for bulls to soundly recapture to have another shot at an upside breakout. 

Elsewhere, the strength in FEYE KITE is having me look at more of the cybersecurity and biotech stocks.