Small Cap Spurt

Small caps have been outperforming throughout this rally.  Noticed near the close on Monday that the Russell 2000 index made a burst higher which looked index/futures related.  Smells like a bit of capitulation.  There was already a wide divergence between small caps and big caps during this rally from February.  We had similar, but smaller divergences at short term tops in September, October 2009 and January 2010.  To me, it looks like we are getting very late in this rally when you get this kind of divergence.  The pieces are coming together for a significant top.