Just like all of last year, save the last two months of the year, the degenerate small cap sector filled with scam stock is once again underperforming. I think it makes sense to never believe in the small caps again. What are you buying into with the small, at any rate? You are opting for financially weak companies whose business is constantly undermined and threatened by those bigger than them.
Feeling sick, I didn’t feel like scanning for stocks so I sorted for technicals inside Stockalabs for stocks over $200 per share. That’s all I did and I’m +102bps for the session. The short cut logic in this is to buy expensive stocks with strong technicals is to buy into the hegemony and those powerful companies seeking to uproot and destroy the small cap index.
Into the close, I don’t see why we can’t jimmy even higher. There doesn’t appear to be a reason for not rallying so we might as well do it and get it over with already.
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