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Small Caps Stay Ahead

Published 01/22/2014, 02:02 AM

There wasn't much to yesterday's action. The only real important aspect was the recovery from the morning sell off, but it wasn't enough to translate into any real end-of-day gains.

The S&P was unable to break from its consolidation:
SPX Daily

The semiconductor index was able to defend break out support of 534.5, which had a knock-on, bullish impact on the Nasdaq and Nasdaq 100.

SOX DailyCOMPQ Daily
The Russell 2000 maintained its small advantage as it again attempts to make back the ground lost from October through November.
RUT Daily
Today could see more of the same, although bulls have another opportunity to push higher with bears having failed to make any headway yesterday.

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