Technical Tuesday - January 26, 2021 - Some Observations for the Mid and Small caps
We have opted to focus on stock-specific ideas for clients looking for ideas on both the long and short side and have a shortened Technical Tuesday index report. Both the MDY and RUT have jumped out to us as both indices have a slight turn down from the upper end of their regression trend channels. We suggest trimming extended names as the odds are increasing for a short-term pullback.
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