joining us now on the program, kevin o'byrne.as just reported their numbers for the christmas period and beyond. you are guiding the market slightly higher, it seems. what gives you the confidence? >> we've had a good christmas, as you can see. grocery sales are up 2.3%. on theaken market share basis that we've had the most important trading period, we felt it appropriate to guide the market with a modest increase in full-year profits. manus: kevin, good morning to you. that is a theme we are seeing from other people. did we trade up with you? >> we did. private labels taste the difference. treatedtomers themselves over this important period. seems to havees outperformed other parts of the retail empire. what did you see there? argos perform? >> there is no doubt consumers are under more pressure. we've seen that well documented across the industry. we are very pleased with our relative performance. if we stand back and look at christmas this year, customers were looking for value. they were definitely looking for customer servic

mark: kevin o'byrne from sainsbury speaking to bloomberg a little bit earlier. botc chime -- time. bloomberg. ♪ ♪ it is time now for our global battle of the charts, where we take a look at the most telling charts of the day and what they mean for investors. you can access -- axis these on the bloomberg by running the function at the bottom of your screen. have a rematch, mark barton versus kevin kelly. kevin: we are off to a great start not only in the u.s. but globally, but are stocks running too hot to fast? in white is the msci all country world index 14 week rsi. they are approaching a value of 90, the highest on record. some people might say this might be a little frothy and moving up to bank quickly, but what we found when we analyzed the data since 1990, when the data crosses an arc above 70 it is typically positive, and every time it is crossed over 80 it is positive for the next 12 months. momentum might slow down the equity market but that does not mean we are in for a price correction. vonnie: you might have your work cut out for you, mark. i would probably give this ch