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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.
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