Market Breadth Update

A less than favorable end to the week for the bulls as the major indices took the elevator down on Friday. I guess the biggest news was the Russell 2000 (RUT) fell back into negative territory for the year. The Russell 2000 ($IWM) also took the biggest hit of the indices, as far as breadth goes, with an 18% decline. What was surprising to me this week was the resiliency of the semiconductors ($SMH) as breadth actually increased 27% in the sector this week.