And It’s Gone – Yesterday’s Gains, Small Cap’s Rotation, The Dow’s Breakout – All of It!

2:50 p.m. ET There was a lot of bad economic data this morning (notice that bad news is no longer good news for the stock market –  a Phase III dynamic), but index futures looked shaky well before the 8:30 a.m. data even came out. As I wrote last night, “I have to say that…