There's little movement in the S&P 500 and Dow, but what the chart-watchers like to call a technical divergence is occurring in the Nasdaq (QQQ -1.4%) and Small Caps (IWM -0.8%) for the 2nd consecutive day.
Leading the Nasdaq lower are roughly 2% declines in Google and Microsoft. The deflating Biotech sector (IBB -2%) is again the main culprit in small caps. Up 20% YTD in late February, the IBB is back to about flat for 2014.
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