Small-caps are leading to the upside today, reaching new rally highs as the S&P struggles to recover yesterday's close. For the most part stocks have shrugged off the Goldman news quite well, and there have been a number of high profile stocks making huge gains (AAPL, NFLX, CMG, and PNRA just to name a few). Despite the set back last Friday, it doesn't feel like the bulls are ready to give up the fight just yet. If we close into strength, it's time to take that hedge off until we see some follow through on weakness.
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For the complete article with charts go to
http://blog.onislandassetmgmt.com/?action=view&url=small-caps-in-the-lead
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April 22, 2010
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