Midcaps Still Weaker

12/10/2008 9:48 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

Since October, the midcap stocks, as represented by the S&P 400, have been weaker than the S&P 500. The bar chart shows a break of key support in September, and the RS chart had also turned negative by the end of the month. Strong resistance lies at 580-620, and a drop back below support at 450 would be quite negative.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...

Keyword Image
What's Next for a FAANG Fund?
11/29/2018 5:00 am EST

There has been much ado about "death crosses" among the talking heads of Wall Street, particularly r...