I've had a look at the Small Ords chart (XSO) because of the...

I've had a look at the Small Ords chart (XSO) because of the "Flat" rating in the V.Short-Term from my Trend Matrix.



XSO broke upwards from its sideways shuffle back in early August.  XJO had to wait until early October to break from its multi-month sideways shuffle.

Since early September XSO has actually underperformed the XJO (See Mansfield's Relative Strength in the  bottom pane).  In the past couple of weeks that underformance has accelerated a little.

XSO has been the place to be to make money for a few months, but that edge could be coming to an end.

XMD has been outperforming XSO since 10 October (see bottom pane in the XMD chart below).



The Mid-Caps might be the place to be to make some dosh.

Of course, these things can switch very quickly.  But if you buy strong stocks in the mid-caps, the risk seems to be a bit better than punting on the Small Ords.