As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election with second lower low(LL) previous week when we broke 135, also deserve to mention that IWM is the only who make a series of 2 consecutive LL while all market make only one, knowing this we can assume that this sector is the weakest. The prior pivots for trading this week are $138.73 and $132.78.As long as IWM hold below $138.73, stay bearish and watch for follow through to clear $132.78 trading weak stocks, but be patient if we will go below 132.78 because we enter oversold area and we may need more time for rest . If bulls build up power and broke $138.73 i will avoid small caps.
Strong stocks :
AMD, CC, OLN, COHR, WGL, CAVM, SAIC.
Weak stocks :
TSRO, EXEL, OZRK, PB, WBS, XPO, CW, SLCA, PDCE, TEN, IBKC.