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Small And Mid Caps Target S&P 500

Published 06/13/2017, 10:46 AM
Updated 07/09/2023, 06:31 AM
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The S&P 500 has done well this year, up almost 8% as we near the half-way point of the year. Mid-, small- and micro-caps can’t say the same, performance wise, as each is lagging large caps so far this year.

Mid-, Small- And Micro-Cap Stocks Lag S&P 500

Are small caps positioning themselves to catch up with large caps or actually outperform them? Below looks at the small- and mid-cap patterns.

SPDR S&P MidCap 400 (left), SmallCap 2000

Mid and small caps are testing resistance of what looks to be bullish ascending triangles. And when that happens, higher prices usually follow. If they both happen to breakout at (1), each could be attractive to buyers, which in turn would push them higher.

As each lags the broad market year to date, their performance at (1) could impact the large caps. Whatever happens at the top of this pattern will be an important price-action indicator.

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