Bull on the run
Both Footsie and Indi showing signs of short-term rallies
LOOKING AT INDICES this week we show charts of London’s FTSE 100 Index (the “Footsie’) as well as the JSE industrial 25 index (the Indi 25). Indeed, on a medium-term view South African and international stock indices are looking positive. Is this another bear market rally or in fact a new bull market? I believe it’s a new bull market. Both the Footsie and the Indi are pointing to higher medium-term targets to come. However, they’re getting overbought over the short term.
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