IWM: Possible Reverse Divergence

 | Apr 12, 2014 11:43PM ET

DIA (DIDA.MADRID): DIA closed just above 16k on the week.  Difficult to tell what it may do from here.  Either way, the daily isn't quite set up to buy at this point.

iShares Nasdaq Biotech (NASDAQ:IBB): Registering the strongest negative momentum ever.  While the trend is still intact, these momentum pushes can be difficult to completely recover from.  Though the daily is showing signs of waning momentum.  The fast line turning positive may be worth trying to buy.