Midcaps Outperform

01/14/2009 9:48 am EST


Thomas Aspray

, Professional Trader & Analyst


The chart of S&P Midcap 400 shows that the RS is rising after moving above its WMA on 12/16. Since the November lows, the midcaps are up 28% versus 25% in the small caps and only 17.6% by the S&P 500. The S&P 400 has key resistance now at 565-585, with first good support at 458.

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