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Reversal of strengths and weaknesses, US stocks may take over large-cap stocks

January 11, 2019 00:11
source: Chart home

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The strength of the strong and weak, the US stocks in the stock market may outperform large-cap stocks - charter

For a long time, the performance of US stocks in the mid-cap stocks was inferior to large-cap stocks. This may also be the reason for the weakness of the broader market in the past year.

The picture shows the ratio of the S&P mid-cap stock index to the S&P 500 index (medium stock/large-cap stock), with the ratio running in the channel. At the end of 2016/early 2017, the ratio test channel upper rail resistance (1) was blocked and fell back.

The current price is being tested at (2) for 8 years, and the momentum indicator is at oversold level and may form a low point.

In the past, mid-cap stocks often rebounded when momentum indicators hit current levels (shown in shades of green).

  AnalystKimble pointed out that if the ratio is supported by a rebound, it means that the mid-cap stocks will outperform large-cap stocks in the future.

(Article source: Chart home)

                (Editor: DF392)

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