With the Dow hitting records highs and climbing for 15 of the last 16 sessions the bulls are running wild. Although April is not usually a good month for investors this year it has been very good, for all those fully invested. This was the case for Portuguese Manuel Leguinha that remains fully invested in the markets. There is also a lot of frustration for those who continue to try to short equities and the indexes. Mergers and acquisitions, and stock buybacks seem to be the main reasons but there was other news.

Chinese economy grew by 11.1% in the first quarter, up from 10.4% in the previous quarter. Iran President admits a major expansion of its uranium enrichment capacity. The USD got hammered earlier in the week when the CPI revealed higher than expected inflation, and the yen rose to a 2 week high against the USD. Finally the British Pound broke the 2 USD mark.

After staying on the sidelines for more than two weeks Tamás Schmidt is active again. Some gains on AUDSGD and NZDSGD and some loss on PLNJPY was still enough to keep him on the first place in Hungary and to regain the first place at World level. His strategy has not changed much, trading in as much pairs as possible, Mr. Schmidt is currently holding short positions in NZDSGD and PLNJPY.

The ninth week of competition was marked by the meteoric rise and fall of the leader of Slovenian League and last week leader of WTI, Aleš, who dropped from 173,35 % on Wednesday to 106,16 % on Thursday. This placed him third in the overall rankings. It was his position on gold that was at first profitable, but on Thursday, the price of gold dropped from 690 to 680 USD, wiping out 46 percentage points of his gains.

Alexander Nikolov the Bulgarian leader and fourth at world ranking retraced some of his gains and finished the week with 77.74%. Alexander keeps his focus on the forex market as currently he holds a heavy long position in USDJPY as he believes the created imbalances in the past days will help the pair go up.