Dow Fake Breakout? And A Weak Close

The Dow made more fresh new highs. And although the S&P500 isn't far of, tech and small caps are lagging big time at this point. Which could still be in the advantage of the bears. If tech and small caps don't catch up soon, we're bound for another pullback. That would mean that the recent Dow breakout was a false one. We're not there yet, but it does look like it's setting up that way.

Although major indices all went higher than yesterday, they all closed weak. Look at the sell off in the last 5 minutes (see 5m-chart SPY below). Just awful!

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro didn't follow-through like indices did. It actually pulled back 0.5%.
Oil performed even worse, pulling back almost 1%.
And what about metals?! Copper down 0.5%, gold lost over 1% and silver fell about 1.5%.

Strong market? Only equities did well, until the bears took over into the close.