Markets peaking out.

The JSE contintued its rally from yesterday's close as we're up 197 points.

Volatility is starting to show since we've had fairly good days with the market moving down on Tuesday, and bouncing back yesterday. In the end we are where we were on Monday...

Out of a technical perspective, the moving averages are starting to converge, but hasn't crossed yet. Some stocks showing weakness is MTN, Standard Bank, Old Mutual and Discovery.

Resource stocks are providing the momentum on the JSE at the moment, with the rand also trading between R6.98 -R6.90 to the dollar.

Stocks that's performing well are Reinet, BATS and Anglos and Billiton to name a few.

For a more detailed discussion, give us a call on 0861117625.

Look out for jobless claims later this afternoon out from the USA.

Safe trading.