Better to be late than early

12.06 pm Another ramp up in the trade wars has hit all markets this morning with the ASX 200 down by 38 points. My small caps are doing fine but I've been hit hard in Altium which broke support and then whooshed all the way down to 2000 from just over 2200. It's back to 2050 but it's a lesson in waiting for confirmation as the stock hadn't really started to roll up.

2.45 pm I closed out the Altium at 2063 as it bounced, some at 2055 and the rest at 2080. The small/mid caps are doing better with Blackmores breaking out on the weekly. I've been long this since late June, prematurely, but the weekly has posted a high relative to the previous three bars and the daily looks excellent.

Zip Money is another small cap that's breaking out. It's up 5% to 96 having built a solid base. I plan to buy some on the close.

I bought some Resolute Gold at 134.5. While I'm picking the retracement, I don't see it as going early in the broader sense that I'm not trying to pick a change in trend. The stock surged up to 144, is clearly trending higher and is on the third day of a pullback having retraced a little over half of the swing from 125 to 144.

4.20 pm I bought a couple of A2M at 1082 on the match. It was a minor break higher, albeit in a trading range, but a very good performance given the market and a pointer to the potential for safe haven buying.

The index closed down 43 points. So the high is in. I shorted some DOW and TCL and covered the LNK which rallied today.