Payroll day.. but small caps roll on...

It's a market mood and looks set to roll on for a little bit more...maybe til early September

Taken smallish punts in BZM, FTC, AND, while in the large cap sphere BP. and LLOY looks set to continue near term outperformance.

Starting to short DNLM- figs mid September, current trade MUST be below budget

What looks good...AND Bad!!!

At current levels I remain a buyer of GKN, XEL, FUM & FPM.

Big Caps like AV. and PRU look interesting.

Speculative plays remain PANR, COV and PGD

Avoid/ Short retailers, in particular DNLM, CPR