The Market Trend Model (http://bitly.com/M_Trend_Model) bias shifted last week when the stock market indices broke sharply on Monday and Tuesday
As with the previous market decline, small cap stocks have suffered the most as the Russell 2000 lost almost 4% for the week. In comparison the Nasdaq declined 1.57%, the S&P 500 declined 0.90%, and the Nasdaq 100 declined only 0.45% for the week.
At the moment it appears traders favor large cap technology stocks over other areas of the market. However, the market is fickle and trends can change in an instant as was demonstrated by last week's price action.