Weekend Charting and Chat - 13 February 2015, page-9

Magnetic lines:



I would like to update some bond market stuff but alas the RBA has not updated their dataset yet (which is odd).

Certainly yields O/S in the majors have eased (risen) a smidge.

I have not yet read any significant developments (except for a rate cut) of late that support such a rally in our equity market.  EU I can understand, but here it evades me.

It's as if an entity is doing the bidding (and no one selling).  Bit odd.

I don't think this rally has anything to do with future earnings expectations really.  I don't think managers all of a sudden reevaluated their DCF, FCF or whatever their method and though yeah, future growth looks ridiculously good. Just a hunch.

This feels quite manufactured all things considered.  However no doubt it can remain that way for some time.