Winter Games

Small caps, thanks in large part to small cap oils, are green here and trying to offset the notable tech weakness, as the QQQ is down more than 1% as write this. 

Still, it is tough to see the small caps prevailing given the heavyweights in QQQ like AAPL GOOGL TSLA, etc., which have held up well overall but may finally be ripe to succumb to broad market pressures lower. 

On their respective daily charts, below, both AAPL and TSLA look at risk into next week of rolling over. With their earnings both in the rear view mirror, the uncertainty looming about The Fed's confusing rate hike plan could easily hit both of these market cap titans. Both charts have made no upside progress overall in recent months, and I consider them both short ideas here with cover-stops above this week's highs. 

Also note the fade in TLT again today, as bounces in Treasuries continue to fade.