By the looks of it, it looks like the market is going to continue its upward trend. At least up until the end of December 2010.After weak employment figures out of the US on Friday, the Dollar weakened against the Euro and the next target would be $1.37 and after that $1.40.
As we've reiterated in the recent weeks, is that commodity prices tend to rise as the dollar weakens.
The JSE is up 0.2% although Billiton, which is one of the commodity heavyweights, is up 2.5%.
Gold is also at record high levels and copper as well.
Banks remain on the back foot at the moment.
The ALSI future has also made a new 2 year high today and is currently tradin gat 28460.
Trade in December is usually thin and the feel good mood tend to influence investors/traders to buy the market up.
Safe trading
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