Tech and biotech continue to slide

|By:, SA News Editor

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.

Related ETFs: QQQ, IWM, IJS, TZA, TNA, PSQ, UWM, TQQQ, VB, QID, IJR, SLY, SQQQ, EES, QLD, VBR, RWJ, VBK, URTY, SCHA, TWM, IWO, IWN, IJT, RWM, SRTY, SAA, DWAS, JKL, QQEW, VTWO, RZV, SLYG, QQQE, SLYV, VIOO, SDD, QQXT, RZG, JKJ, SBB, RSCO, UKK, VIOG, VTWG, TILT, FYX, FNDA, VIOV, XSLV, FYT, SKK, JKK, PXSV, EWRS, VTWV, TNDQ, TWOK, UVT, SMLV, SJH, IESM, FYC, VLU, PXSC, PXSGIBB, XBI, BIB, BBH, FBT, PBE, BIS