US Small Caps Leading

01/06/2010 10:07 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

US small and mid-cap stocks, after underperforming since the October highs, began to outperform in mid-December (click here for chart). The US small cap ETF (IJT) completed its continuation pattern on December 22 and now has targets at $63-$64. The global small cap ETF (SCZ) is still in its trading range, but the strong uptrend in the 200-day MA favors an upside resolution.