Small Caps Still Leading

08/28/2009 9:35 am EST


Thomas Aspray

, Professional Trader & Analyst

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All of the major averages reversed from the Thursday lows to close near the highs. Since the March lows, the small cap (S&P 600) index continues to lead, up 70%, with the S&P 400 midcap index up 66.3%. This compares favorably with the 45.4% gain in the S&P 500. The RS line is positive and could once again break out to the upside.

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