Today: The Ftse has not put in a new high in this session yet, which is
at 5641.5, and this mornings high thus far is 5637.5. The Ftse has been
the beacon of strength for the indicis on this entire rally since the financial
crisis low set a year ago, however in the last couple of sessions it has
been more sideways than bullish, and the key level today is at 5635.0, for
this is where the buystalk mode turns “off” if the index can drift back down
to that point at all today. If the buystalk were to shutoff, the sentiment
turns negative, and the target becomes the daily support line which
resides at 5495.0 today, which is not achievable today, but a drop to
5600.0 could surely be in the cards. It appears that the index will put in a
new high for this move up today, but we will be watching to see if we get
some kind of sell-off later in the session.