The ALSI opened up this morning by about half a percent.The Allshare Index traded at 30500 this morning which makes that a new high for 2010.
The US markets closed well up above 0.5% for the day yesterday and the futures also point to a positive start for the day.
Resource shares are the biggest gainers for the day with Exxaro leading the charge. The Euro overnight pierced the $1,40 level and is currently trading at $1,409, and gold at $1383.90, which is an all time high.
As long as the trend stays up, being long is the way to go. The dollar is also weaker against the Rand and is currently trading at R6.77/$.
As long as the US dollar weakens, we'll see strong markets.
Safe trading
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