On Monday I thought I had been premature again with calling the top of the rally.  For no good reason the markets had a strong up day.  The FTSE again made an intraday high of 4500 on Wednesday, (now a double top) and then had a big down day on Thursday because the Standard & [...]

A week when all the markets showed a net loss with four down days to one up day, and the up day was pretty weak. I must admit that this rally has gone up more that I expected. I said a few weeks back that I would be surprised if it went past 4200, but [...]

Yesterday Western Australia voted on whether to continue having daylight saving.  The answer was No.  So at least for the next 10 years or so WA will be free of having to change our clocks twice per year.  This is the fourth referendum on daylight saving and each time the answer has been No.  The [...]

It is Saturday and time to catch up on what has been happening on the markets.  All the markets advanced further, the rally continues, for now.  More and more investors are being pulled into this “suckers rally”, it is nearly time for the next leg down.  Lets look at some of the facts. Non Farm [...]

Quite a week one way or another.  The rally continued across the markets with the FTSE reaching the 4200 level. We are now in May which historically is a down month.  The UK has a holiday on Monday for May Day. One of the things I keep track of is the difference between the Futures [...]