The ASX majors All Ords and S&P200 made their 10 year highs...

  1. 19,991 Posts.
    lightbulb Created with Sketch. 1943
    The ASX majors All Ords and S&P200 made their 10 year highs yesterday unceremoniously (because we didn't FEEL the bullishness); the banks recouped their losses after the Royal Commission but still below where they once reigned supreme, which gave the index the boost. But alas, for the smallcap space, you wonder if there will ever be a party again - if not now when the indices are at their highs, then when?

    Its a stock pickers market, you'd be better off in Index ETF now than being in the wrong stocks. And stock picking is getting harder, no surety hopping on a market darling or momentum stocks.

    Meanwhile China equity funds experiencing difficult times
    https://www.reuters.com/article/us-...s-some-china-funds-to-the-brink-idUSKBN1JY10Y

    I have been saying risk-reward is not in our favour for small caps because small caps are being ditched despite 10 year high for major indices and possibly again with a CR event and then thrown completely out when the big kahuna arrives.

    Column 1 Column 2 Column 3 Column 4 Column 5
    0 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @MIDDAY GAIN%
    1 29/6 BYE $ 0.340 $ 0.340 0.0%
    2 28/6 ATC $ 0.195 $ 0.180 -7.7%
    3 18/6 A2M $ 10.780 $ 10.430 -3.2%
    4 18/6 CGC $ 8.750 $ 7.585 -13.3%
    5 14/6 NZK $ 2.240 $ 2.440 8.9%
    6 4/6 BUB $ 0.830 $ 0.750 -9.6%
    7 15/5 SW1 $ 0.410 $ 0.340 -17.1%
    8 14/5 RHC $ 65.420 $ 54.110 -17.3%
    9 9/5 FYI $ 0.145 $ 0.099 -31.7%
    10 3/5 4DS $ 0.057 $ 0.040 -29.8%
    11 2/5 PME $ 8.150 $ 7.910 -2.9%
    12 1/5 TTT $ 1.540 $ 2.330 51.3%
    13 30/4 CTD $ 24.880 $ 27.480 10.5%
    14 18/4 CLV $ 1.030 $ 1.395 35.4%
    15 18/4 VIV $ 0.054 $ 0.046 -14.8%
    16 11/4 APX $ 8.820 $ 13.010 47.5%
    17 11/4 BHP $ 29.440 $ 34.260 16.4%
    18 11/4 PPS $ 0.595 $ 0.890 49.6%
    19 11/4 PTB $ 0.545 $ 0.625 14.7%
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.