Hello Traders!

In the US, the DJIA fell 7.9 points to 12,638.32, while the S&P500 was down
14.48 points at 1,385.9 and the Nasdaq Composite 14.34 points better at
2,522.66.

See you in the morning with the latest....

G.

Good morning traders!

In Asia today, the Nikkei ended the morning session down 1.5% at 14,221.79,
while the Hang Seng was recently down 379.38 points at 24,452.24.

New York's main oil futures contract, light sweet crude for July delivery, slipped 46
cents to $127.30 per barrel.

Happy trading!

G.

OUTLOOK United Utilities adj pretax set to rise; results inlineTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Shares fall; oil mixed

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

US shares tumbled after credit ratings agency Standard & Poor's cut its ratings of Merrill Lynch, Morgan Stanley and Lehman Brothers amid concerns the banks will face further writedowns and losses in the second quarter.
US shares tumble on writedown fears

Mortgage lending slumped to a new low last month, raising fears that the slowdown in the housing market could be sharper than expected.
Gloom deepens as lending slumps and borrowers fall into arrears

Few think B&B's woes or the current housing downturn will sound the death knell for landlords' investments.
Buy-to-let landlords tipped to survive downturn

Underwriters to Bradford & Bingley's emergency rights issue were on the point of pulling the plug on the deal before private equity giant Texas Pacific Group bailed out the buy-to-let lender.
B&B underwriters did not get the full picture

It is likely that other private equity houses will follow TPG's lead and start investing in under-valued public companies.
Rich pickings for knights set to follow TPG's Bradford & Bingley rescue

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

TFN UK calendar and forecasts for today

London shares outlook - lower, NY closes down, United Utilities possible focus

10:00 EU Eurozone PPI April (MoM consensus 0.8%, YoY 6.1%)
10:00 EU Eurozone GDP Q1 (QoQ consensus 0.7%, YoY 2.2%)
14:00 EU Jean-Claude Trichet spreads more fear, uncertainty and doubt at the International Monetary Conference
15:00 US Factory Orders April (consensus 0.1%)
22:00 US ABC Consumer Confidence (consensus -51)
23:00 UK Nationwide Consumer Confidence May (consensus 67)

BROKERWATCH Yell upped to 'neutral' vs 'sell' at UBS; target cut to 135p vs 150

Tokyo shares close lower, exporters lead decline on stronger yen

BROKERWATCH Rubis upgraded to 'Add' by Natixis after Channel Islands buyThomson Financial UK at a glance share guide

Australian shares close sharply lower, financial stocks lead falls

UK smallcap opening - Minerva Resources firms on positive drilling report

Tokyo shares close lower, exporters lead decline on stronger yen - UPDATEUK smallcap opening - Brightside down as FY losses mount; acquisitions & placing

BROKERWATCH RSA Insurance kept as 'buy' at ABN Amro; target upped to 164p

UK smallcap opening - Novera Energy retreats as bid talks terminated

London shares open lower as NY closes weaker; banks under pressure

Master RSI,

Thanks for your reply re MMS. I guessed at similar but without the chart know-how it was only a guess. hope to see some profit taking leading to a cheaper buy-in SP.
Do you have time to impart your knowledge on a BB page? or a list of good books/courses etc. Charts aren't always the answer as some stocks fluctuate too wildly but often they can prove very useful, something Cynic taught me(thanks Cynic)

regards
Alex

UK smallcap opening - Forbidden Technologies, Delling down on FY lossesAustralian shares close sharply lower led by financials - UPDATE

UK smallcap opening - Avocet Mining down awaiting transformational deal

STOCKWATCH Tiscali sharply higher on reported Vodafone dealSTOCKWATCH Intercontinental Hotels down on cautious NYU Hospitality Conference

UK smallcap opening - Nexus Management advances on U.S. deal

KEEP AN EYE
ASM 22.25 - 22.75p

Reason - Rising for the last couple days from lows after some good news. Adquisition a couple weeks ago. Has enough cash to keep the company going for the next couple years, all Indicators at oversold and now rising

UK smallcap opening - Patagonia Gold firms on upbeat drilling report

BROKERWATCH Merrill Lynch reshuffles most/least preferred list of insurers

BROKERWATCH JP Morgan launches coverage of five European media companiesUK smallcap opening - Penna up on solid FY results, dividend resumption

robertalexander

re - Charts aren't always the answer as some stocks fluctuate too wildly

Chart are the answer to me at the moment, as I am a short term trader, and we are on a thread that trades on a dayly basis, I do more for the duration of the Indicators or had enough profits ( if any ) I use the short term system, instead of puting the certificates under the mattress at the moment as the world economy is not in a good shape.

I did started this way ( long term investment ) many years ago, naturally looking for companies with low PE and growing on a High porcentage, the system work pretty well, as the small cap shares some times were taken over eventually.

I do not know how much knowledge do you have, but the system I started with is good for any investor that starts to experiment with the stock market, very important to see if the worl economy has enough legs to keep growing, otherwise one has to look for companies than can grow even if the rest do not.

Is a good practice to select you shares ( on short term ) that move fast enough and the spread is not too wide otherwise there is no profit to be made, but for the MMs ( Market Makers )

I will have a look at the books courses that can be of inerest to you and report later.

good luck with the path you take.

RNVO 38.75p +3.75p

Sunday's selection is continuing with the movement UP

UK small caps open easier; Brightside down on higher FY losses, placing

Metals - Gold ticks up on weak dollar, safe haven buying

STOCKWATCH TNS up on terms of merger with GfK; Panmure Gordon and UBS stay 'buy'

London shares - mid-morning features

WALL STREET OUTLOOK Mixed open seen on ongoing housing, credit concerns

BROKERWATCH Lehman Brothers advises to switch from Vedanta into Rio, Kazakhmys

STOCKWATCH Tiscali sharply up, but Vodafone deal report seen premature UPDATE

STOCKWATCH Home Retail Group rally; upgraded to 'buy' at Seymour Pierce

STOCKWATCH ENRC lower on speculation Kazakhmys may sell its 14.6 percent stakeLondon shares - midday features

Midday Market Roundup

UK small caps lower midday; Brightside down on disappointing FY & placing

Precious Metals Summary - London AM Fixings

STOCKWATCH RBS higher on rights issues take-up hopes, vague stake-building talk

STOCKWATCH Housebuilders fall after downbeat note from Cazenove

*BAYER AG RATING OUTLOOK RAISED TO STABLE FROM NEGATIVE BY MOODY'S

One for the "UPS" selected a bit earlier

Master RSI - 3 Jun'08 - 13:57 - 89 of 94 edit
PDG 31.75 - 32p
After a good retracement lately, since yesterday there is signs of SP wanting to turn up,
some large trades earlier doing the good work now on the order book. Indicators well at oversold

London shares - midafternoon features

STOCKWATCH United Utilities shares up on increased company profits

Metals - Gold falls sharply to $880/oz as dollar rallies

STOCKWATCH Julius Baer under pressure on profit-warning rumours

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Tuesday June 17

End-of-day Market Roundup

UK small caps close lower, with Geong International down on trading update

Precious Metals Summary - London Close