Small Caps at Short-Term Low?

11/04/2009 9:21 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

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It was another choppy session on Tuesday as the intraday selloffs were well supported. The small caps were the strongest after the transports. IWN has reached stronger support at $54.50-$55. The RSI3 is trying to turn up from oversold levels and a higher close today would be a short-term positive, with resistance at $60.

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