Not withsatnding the comments from last week the FTSE rose again through the 5000 level to finish the week at 5128, a rise of 162 points for the week. So the support level mentioned last week of 4925 was respected. The resistance level of 5175 looks like it will be tested again. It has been [...]

There is a good reason for calling it Red October as historically it is a month when the markets go down, sometimes by large amounts.  In my last post I was saying the the rally had got to a ridiculous stage, now I believe we are seeing the start of the long awaited correction.  I [...]

This rally is getting to the ridiculous stage. There was a net loss for the week when I last wrote, but that has been overtaken for the markets to reach new highs for the year.  We have the expiry of the September futures and options tomorrow and we could see the start of a correction [...]

Well it has happened, a week when the markets went down overall.  Though the US markets had an up day on Friday before the long weekend.  It is hard to see what caused such enthusiasm. On Thursday the initial unemployed came in highter than expected, but little notice was taken of this, the market has [...]

I am calling it a Lazarus rally because each time it should end it rises up again. But sooner or later it will eventually run out of steam and the next big down leg will start.  We are coming up on the anniversary of last years crash which could cause a bit of nervousness in [...]

The rally which has gone on since the middle of July has got well ahead of the “recovery” such as it is.  I am sure it has sucked in many small investors, who having lost money in the crash last September-October, have re-entered the market, not wanting to miss the boat.  Now I fear they [...]

It has been over a week since my last post and the market has continued up thanks to a boost on Friday.  I happened to be watching the market on Friday when the US reports were released.  In seconds the FTSE went from minus 30 (it had been at minus 56 a little while earlier) [...]

It has been almost two weeks since my last post.  Life has been exceedingly busy, what with the day job and launching Harriet’s  ebook on the market. So now I can take a breath and think about the markets. Since Friday the 17th the DJIA has risen 350 points, the S&P500 38 and the FTSE 157.  [...]

The rally that failed to appear after the Independence Day holiday came this week. All markets made gains, The DJIA gained 612 ponts, The S&P500 62.6 and the FTSE 261 ponits.  It seemed to be another week when and good news was exaggerated and any bad news ignored.  Mind you the fact that the July [...]

It is often the case that after Presidents Day, Independence Day and Thanksgiving, the market resumes with a “patriotic” rally.  Not so this time. The DJIA lost 156, the S&P500 lost 19 points and the FTSE lost 95.5 points. All points mentioned were on the September futures. Last week I mentioned that the FTSE was [...]