As per the cartoon horoscope NSE bullish confirmation was triggered in Jan 2013. Coincidentally mpesa bank bullish trigger happened then. The condition is still active until the cartoon horos indicate otherwise.
If the current bounce reclaims 4900 before month end, the entire June selloff will be retraced meaning August will likely see 5000 retested and 5030 broken down. Note that all the euphoric gap ups got filled. This will negate my expected discount bonanza for July and August...

Centum has really tried to stay afloat. KPLC too since I expected 13s to print. I still fancy kengen over kplc just like member over kcb. MSC i've stated it severally the jail key was KES 5. As results check in it'll be clear.

My sightings are - If 5030 barrier is broken, mpesa bank will print 8 - 9 levels and maintain into Nov for H1 2013 results. EABL will race above 426. I still see 500 being tested as full results come in. Seems unlikely but volume says otherwise. ARM will race above 80 despite a high PER just like EABL. Member will claim 40 when 36 breaks down roping in HFCK towards 32 as well as britam staying above IPO price towards 10. Coop will scale up too dragging CIC along with it. KCB? I'm not so bullish here, the engine for this mbus needs service and the price will slowly rise. I still expect insurance firms to outperform this year.

Contra plays I fancy are kk & kq. Not now but in a year's time. NBK too. The hated stocks will reset. Agri counters face the egypt effect. Caution. Otherwise waiting for global food commodos market to turn bullish and grab agri stocks for another wild ride.

Blue chip firms drive NSE share price gains


In the first two weeks of July, the FTSE NSE Kenya 15 index has appreciated by six per cent, while the FTSE NSE 25 index has gone up by 5.7 per cent, with the biggest gaining stocks being in the #financial sector. ;-)

Yesterday the counter traded a whopping 2.732m shares [0.55% of its shares]. Today the counter has caught morning-after effects as chaps view yesterday's trade as an exit deal. Am watching this from a long distance

Note that from the bottom of the last pull back,KCB has rallied more than any of the other banks,more than 12%.And the demand supply dynamics for the last two weeks indicating a move higher.Still let us see those half year numbers,member may still see better days ahead.