Hello traders!

US stocks pulled back from their best levels tonight after a Federal Reserve official reiterated his view that a neutral policy stance had not yet been reached, taking some of the shine off earlier comments by Fed chief Alan Greenspan.

The Dow Jones Industrial Average was last up 66 points at 10,533, well off its earlier 10,578 high. The Nasdaq Composite gave nearly all its earlier gains and was up just 2 points at 2,077, after touching 2,095 in earlier action. The S&P500 rose 6 points to 1,203, below its intraday high of 1,208.

See you in the morning with the updates......

G.

Good morning traders!

US stocks closed mixed last night as the early rally, sparked by comments from Alan Greenspan, fizzled out amid cautious remarks from another Fed official. Dell Computer led a sell-off in tech stocks.

After rising triple-digits intraday, the Dow Jones Industrial Average closed up just 16.04 points at 10,483.07 - well off its intraday high of 10,578.84.

The Nasdaq Composite gave back all its early gains to close down 8.60 points at 2,067.16 and the S&P500 slipped 0.25 points to 1,197.26.

In Asia this morning, the Nikkei was up 89.75 points at 11,307.20 mid-session and the Hang Seng was last up 55.03 points at 13,892.32.

In London this morning BHP an Rio Tinto could be active following briefings in Australia on the outlook for seaborne iron ore.

Back soon with some UK news.....

Happy trading!

G.

Good morning all - I forgot how bright it could be this early!

Had to drop someone off at the Train station at 6am and then straight to the office. zzzzzzzzzzzzzzzzzzzzz

ML LABORATORIES CONFIRMS IN TALKS FOR POSSIBLE ACQUISITION OF PROFITABLE CO

FLETCHER KING SEES FY PRETAX PROFIT TO BE SIGNIFICANTLY AHEAD OF MARKET HOPES

STMICROELECTRONICS UPGRADED TO 'BUY' VS 'REDUCE' AT UBS

CHAUCER HOLDINGS CONFIRMS HAS RECEIVED INDICATIVE OFFER APPROACH

Outlook

http://www.moneyam.com/action/news/showArticle?id=818369

AFX UK at a glance share guide - 2

MARKETS
FTSE 100 5,025.2 up 44.8
FTSE 250 7,243.3 up 52.8
DJIA 10,483.10 up 16.10
Nasdaq Comp 2,067.16 down 8.60
S&P 500 1,197.25 down 0.25
Toyko: Nikkei 11,281.03 up 63.58
Hang Seng midday 13,917.11 up 79.82
Gold 425.25 usd (426.70 usd)
Oil - Brent Jul 53.13 usd (53.67 usd)

BREAKING NEWS
* Pressure on Blair to agree EU rebate deal; Junker in negotiations with Britain and France; hopes of compromise could lift gloom in Brussels - FT
* General Motors to cut 25,000 jobs and close US plants - FT
* Frank Timis resigns as executive chairman of REGAL PETROLEUM, the company that came to symbolise the irrational mania for highly speculative oil stocks - FT
* Niece of Sir Ken Morrison, executive chairman of WILLIAM MORRISON, sells shares in the deeply-troubled supermarket group as fears escalate that its trading is deteriorating - Telegraph
* CARPHONE chief cashes shares worth 10 mln stg - Telegraph
* O'Leary sells RYANAIR shares to pocket 26 mln stg - Telegraph

PRESS COMMENT
FT
THE LEX COLUMN comments on Retailers, Equity markets, General Motors, HVB/Unicredito - QUINTAIN ESTATES (still looks capable of rewarding patient investors) - RPC (if polymer prices stay low, and European demand ticks up, this could be a buying opportunity) - CHRISTIAN SALVESEN (could be time to hitch a ride)
Independent
SCOTTY (said to be putting the finishing touches to a 1.5 mln stg fund raising) - ML LABORATORIES (said to be working on the acquisition of a sizeable private company) - THE INVESTMENT COLUMN: QUINTAIN ESTATES (hang on to some, but take profits), PROTHERICS (one to watch, rather than buy for now)
Guardian
DAT GROUP (talk it is utilising its technology to take on Blackberry, the market leader in mobile email)
Express
o2 (hopes of bid from KPN) - VICTORIA OIL & GAS (rumours a positive announcement is imminent) - SHARE WHISPER: UKBETTING.COM (rumours a European predator is mulling over an approach at about the 75 pence level) - WHO'S DEALING: TADPOLE TECHNOLOGY (director sells 26,133 shares at 5 pence)
Mail
ZAREBA (to buy 5 pct of a diamond producer in Namibia, with the intention of increasing its stake in the future)
Times
DIRECTORS' DEALINGS: UNITED UTILITIES (three directors dispose of stock for 599,000 stg) - URBIUM (takeover talk) - TEMPUS: SEVERN TRENT (hold), QUINTAIN ESTATES (hold), ANGLO AMERICAN (Anglo shares remain ones to buy)
Telegraph
QUESTOR: WOOLWORTHS (if you're still with Woolies, hold out for a summer blockbuster), VICTREX (too pricey at these levels, but one worth keeping an eye on), CHRISTIAN SALVESEN (about right for now)

Digger,

What are you using to create your image links?

Can you use the 'insert image link' button on the post box as whatever you're currently using is posting invalid HTML which is breaking the flow of the threads.

Thanks,

J.

MRW
Profit range
http://www.moneyam.com/action/news/showArticle?id=818444

This is the link I have when I post

As you see the result is not as required. I have requested help by email on a number of occs and await the reply .I am patient

Could it be I am using the web link insert?

Digger,

YOu need to put the url in the box and then if it is an image like the charts you need to click on the insert image link - try that and see if that makes a difference,

Ian

Digger - Try just pasting the "img src" statement direct to the thread panel and not through the "insert link" boxes.

digger - you seem to be doubling up the img source part at the beginning of the tag - I have just removed this from the second chart and it displays fine

Putting it on the thread and not through the link seems to be the answer

Thank you Ian

Is there any diff between using Firefox and IE? The last was posted using IE

Digger,

There is no difference and disregard what I said about the link box below - to do it correctly, just copy and paste the link directly into the body of post where you would enter your text.

Ian

Thank you Ian and G .I will now no loger take advantage of the MAM special offer POGOF

LOL

Morning All,

Bought some JMAT and hoping for some Ex. divi rise.

No one else buying today?

RTR retracing from March high 50% yesterday now at 62% 405

Digger, i don't suppose you could provide some info on what you think the charts mean?

For fundamentalist like me - its difficult to work out if the "buy" or "sell" signals are being given!

I look at the fib numbers from recent high lows Dec 13, 358 Marc 8, 428
Fibs 410.5 62% 399 50% 391.5, 383,
High march 428 to low 371 May Fib 399 50% , 62% 405
RTR closed above 400 yesterday and tested it today .This indicated that this may be the new support line/level for day trades.
Resistance today was 405 with 410 as the next resistance
415 was the possible target for today based on the low of 371
Once the resistance lines are broken it is said that they provide support.
Looking at RTR the ema provides a guide to support and resistance having worked out the possible targets .The candle shapes provide further indication of movement.Using this theory rtr may bounce from 405 with further support at 400
I am sorry about the note form of the info ,but a little busy at present

Note form is short and to the point - excellent