Don't Look Away

Bears scored a decisive victory in the Russell 2000, small cap dominated-index today with a breakdown. 

However, that small cap weakness may prove to be necessary but not sufficient for a broad market breakdown, as well. Indeed, AMZN and GOOGL earnings tonight may very well carry a good deal of weight in terms of whether we close out the week on a bear note or see a snapback rally with the failure of QQQ and SPY to follow IWM lower.

More in my recap after the bell.