$FSR "Jonathan Krinsky, chief market technician at BTIG, notes that momentum has been the dominant play this year, performing particularly strongly of late, and he warns that the trade is likely nearing an inflection point.
High momentum flying stocks should start to unwind.
And if that’s the case then it should benefit small-caps broadly which have clearly lagged, says Krinsky. Small-cap growth looks like it’s trying to break out of a near two-year range.
Stocks whose charts look constructive and have high short interest as a percentage of their float, and which are therefore on Krinsky’s radar."