Expiry action continues and markets moved up yesterday. If we look at FTSE it closed on Friday at 5659. It then spent Monday and Tuesday going down around 40 points and has now rallied to take it up around 40 points from Friday’s level. However other markets have been far more positive with the DAX taking out 6641 as discussed in the video clip yesterday. At this point expiry is the key issue which comes in tomorrow. However there seems to be a lot of bullishness about which is a negative factor.