The Dow is at a high for today. You'd think faz would be setting new lows but it's off it's low. Somethings not right here.
Because FAS/FAZ is tracked by Russel 2000.DOW and other have no bearing.
We understand that FAS/FAZ track the Russell. The point is why the divergence from the 150 point DOW increase, financials were outpacing the DOW yesterday, today they are the same as at DOW 100.