Market Comment:
Ftse closed at 5636 up +130 on week.

We got what we wanted, anyone that has entered long above the 5500 level should now be cautious of any fall back to below this level. Now we have shot firmly above 5600 could represent a small Short position to be traded upto 5800 but out at 5500 and within the next 4 weeks. The shorts should be less than any Long positions to the tune of around 80% Long, above 5700 around 60-70% Long and trade to 5800 with mostly Shorts...

Lee Shepherd