Morgan Stanley’ analyst recently suggested investors should take profits in the Russell 2000 following the small-cap index’s big run higher in recent CNBC article - Looking at the Monthly, it is pretty clear why. As with most major indexes, there is some serious bearish divergence and fib resistance. Small caps have been on a tear and the Russell 200 had gapped up almost every day last week. Looking to profit on the pullback by picking up some TZA - Fed meeting Tuesday/Wednesday may lead to volatility. Not sure what direction this will move the markets in but considering the current levels, there is probably more likelihood of a downside move here.