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Interims CBF : Cobra Bio-ManufacturingFinals AWG : AWG CW. : Cable & Wireless EXR : Expro International Group NFDS : Northern Foods MLR: Maelor PEA : Peacock Group (The) PLC UMC : UMECO VLX : Volex GroupAGM/EGM SUN : Surgical Innovations GroupEconomic 08:30 GMT - UK April consumer credit prev + 1.7 Bn 08:30 GMT - UK April final M4/M4 lending prev +10.9 Bn 08:30 GMT - UK May CIPS construction reportEx dividend (ABU) Abacus Group 3.50, (AGS) Aegis Grp. 0.80, (AIG) 6.50, (AN26) 45.00, (ARD) Austin Reed 5.50, (ARR) Aurora Inv.Tst. 2.85, (AXN) Alexon Grp. 5.17, (BOS) Body Shop 3.80, (BRAM) Brammer 3.00, (BWY) Bellway 9.30, (BYG) Big Yellow Grp 1.05, (CKN) Clarkson 10.50, (CNT) Connaught 2.80, (COB) Cobham 19.80, (CRDA) Croda Intl. 7.83.(CTG) Christie Grp. 2.00, (DEL) Deut.Lat.AM.Tst 0.70, (DSC) Dev.Secs. 3.60, (EDIN) Edin.Inv.Tst. 8.95, (ETI) Ent.Inns 2.60, (EUP) Eurocopy 0.55, (FDL) Findel 11.40, (GLE) Gleeson (MJ) 7.02,(GNC) Greencore Grp. 5.05, (GPOR) GR.Portland 7.00, (GTG) Get Grp. 2.85, (HVE) Havelock Europa 2.10, (ISU) Ivory&Sime SM. 3.00, (ITRK) Intertek Group 5.90, (IVS) Inveresk 0.25, (JCKS) Jacks(WM) 2.50, (JGIZ) Jpmor.FL.I&G In 2.25, (LMR) Luminar 8.87, (MAL) Malcolm Group 3.30, (MER) Mears Group 1.00, (MKS) Marks & SP. 7.10, (MLG) Maclellan GP. 0.75, (MLRI) Merrill L.Inc 2.06, (MNZS) Menzies(J) 12.60, (MOSB) Moss Bros. 1.00, (MSLH) Marshalls 7.35, (NBP) Narboro.Plnt 0.36, (NGT) National Grid 11.87, (PAQ) Prop.Acq.Mang 2.00, (PNB) Pubs'n'bars 1.25, (PTY) Parity 0.03, (RDM) Radamec Group 2.00, (RM.) Rm 1.00, (SCR) Securicor 0.86, (SCS) Schroder Split 1.40, (SDX) Sondex 1.20, (SHB) Shaftesbury 1.51, (SLNG) Slingsby H.C 30.00, (SPW) Scot.Power 6.25, (SRH) Scot.Radio 7.00, (SSW) Sth. Staff. 34.40, (SUS) S & U 21.00, (TCSC) Town Centre 1.80, (TON) Titon Hldgs. 2.30, (TPT) Topps Tiles 2.00, (VOD) Vodafone Grp. 1.08, (WBY) Westbury 9.55, (WOLV) Wolver.Dud. 12.00, (WPP) Wpp Grp. 4.40, (YULC) Yule Catto 7.70,		Company Comverse Technology (Q1) After Market Close CPI Corporation CPY After Market Close Dynamex DDN After Market CloseEconomic		Economic 00:50 BST - JAP Monetary Base prev +6.6% 07:00 BST - GER Retail Sales m/m APR prev -0.5% 10:00 BST - EMU PPI m/m APR prev +0.6% 10:00 BST - EMU Unemployment Rate APR prev +8.8% 08.00 BST - LUXEMBOURG European Union finance ministers meeting FRANKFURT 8th European Financial Markets Convention Making Markets

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Good Hunting all			Pre Market Futures	FTSE +1	DAX+10	DOW+25	S&P+2.9	Nasdaq+7

Mornin all

tx again martini and tp

Afternoon all,

I posted some P&F charts on yesterday's thread, late on.
Stuff isn't working out exactly as I expected, so I'm
giving up the fool's errand of trying to call the breakout
direction and will watch for the breakout.

Until then back to business as usual, trading the range, with
index shorts from resistance and beaten down Blue Chip longs
from support. Watch the swing charts for direction and P&F
charts for correlation.
No point in changing a winning formula.

Melnibone.

I keep watching the S&P futures, as the FTSE seems to be still following
pretty closely.

I always have an S@P chart open what ever I'm trading.

IMHO it gives top down approach guide to most markets direction.
The market direction will guide as to whether your stocks
are more likely to gravitate towards resistance or support.

Melnibone.

Market ramblings wrap.

Market started strongly but when the US markets opened early US weakness, as oil prices rose further, dragged it back and with unexpected news on GSK the FTSE100 closed at its day lows. Flat!

Traders hunted around playing the usual suspects and in the Traders Room - traders thread took to talking of the significance and what can be gleaned from Crest stock loan information.

Dailos who had kicked it off was broadly dismissive of this and all such indicators saying news flow was the driver to watch.
Just to prove him right news broke that New York State Attorney General Eliot Spitzer had sued drugmaker GlaxoSmithKline for alleged fraud regarding information about adolescent use of its antidepressant medication Paxil. The share wiped off its days gains in a few minutes and close down 33p at a day low helping to contribute to the FTSE100 flat day



Regards
M

In the rest of the Market

Top % gainers for the day (and I am pleased to say I held one)

BFRD Beauford 20
ASR Avionic Service 19
OXB Oxford Biomed. 16
LSV Leisure Vent 13
BET Betinternet.COM 12
YSP Your Space 12
WSS WEB Shareshop 11
AVG Avingtrans 11
SUN Surgical Innov. 10
IDN IDN Telecom 10
BRF Bright Future 9
BS. Base Grp. 8
AFG African Gold 8
MPH Marchpole Hldgs 8
JRVS Jarvis 7
STA Stagecoach The. 7
COH Coffeeheaven 7
ACR Abbeycrest 7
UTN Ultima Networks 7
ENVA Enterprse VCT A 7
CCO Crown Corp 7
AGU Angus&Ross 7
TAD Tadpole Tech. 6
AFD African Diamond 6
CSW Computer Soft. 6
TAL TEN Alps Comms. 6
FTO Fortune OIL 6
CYC CYC Hldgs. 6
BIP Bioprojects 6
MKLW Mucklow (A&J) 6

Top % losers for the day (of which I am pleased to say I held none)

CBF Cobra BIO-Man. -33
LPA LPA Group -17
MVK Maverick ENT -17
NSO Nature Tech -14
ACV Advance Visual -10
IAL Inter-Alliance -10
MLR Maelor -9
MT. Mytravel GRP -8
CFP CFA Capital GRP -8
TDM 3DM Worldwide -8
AAT AEA Technology -7
ENK Euro.Nickel -7
AIM AIM Group -7
HCR Healthcare HLD -7
GED Global Energy -7
RFI Reflex GRP -7
PRO Provalis -7
PYM Phytopharm -7
AP. Alltracel Ph. -7
MOI MOS Intl. -6
FLG Flightstore -6
GNE Global Natural -6
UNG Universe Grp. -6
AMR Armour GRP -6
GEN Generics GRP -6
BLG Belgravia Tel. -6
BRV Business Serve -6
HTE HIT Ent. -5
BTM Bertam Hdgs. -5
CYH Cybit Hldgs -5

Volume/price leaders

MKS Marks & Sp. 451,162
GSK Glaxosmithkline 440,537
VOD Vodafone Grp. 391,084
BP. BP 389,865
SHEL Shell 313,851
LLOY Lloyds TSB Grp. 309,798
HSBA Hsbc Hldgs.UK 231,638
BSY Bskyb 188,374
RBS Royal Bank Scot 163,260
CW. Cable & Wire 142,542
XTA Xstrata 112,141
BARC Barclays 111,733
GUS GUS 103,163
AZN Astrazeneca 95,553
BATS Br.Amer.Tob. 89,358
STAN Stand.Chart. 88,826
SAB Sabmiller 85,051
BLT BHP Billiton 83,572
BT.A BT Group 80,861
SPW Scot.Power 79,890
DGE Diageo 75,028
RIO RIO Tinto 74,898
TSCO Tesco 71,678
RB. Reckitt Bencksr 70,472
PSON Pearson 65,968
REL Reed Elsevier 57,778
BG. BG Grp. 53,544
NGT National Grid 52,630
AAL Anglo American 51,598
ULVR Unilever 51,161

Sector % Performance

Personal Care & Household Products 2.38%
Information Technology Hardware 2.26%
Food & Drug Retailers 1.37%
Health 1.27%
Electronic & Electrical Equipment 1.24%
Chemicals 1.12%
Oil & Gas 1.06%
General Retailers 0.85%
Software & Computer Services 0.81%
Construction & Building Materials 0.77%
Engineering & Machinery 0.63%
Real Estate 0.44%
Aerospace and Defence 0.37%
Media & Photography 0.33%
Investment Companies 0.32%
Speciality & Other Finance 0.31%
Banks 0.28%
Automobiles 0.26%
Transport 0.25%
Beverages 0.16%
Support Services 0.09%
Food Producers & Processors 0.01%
Distributors 0.00%
Restaurants,Pubs & Breweries 0.00%
Diversified Industrials 0.00%
Steel & Other Metals 0.00%
Gas Distribution 0.00%
Water 0.00%
Packaging 0.00%
Life Assurance -0.04%
Tobacco -0.16%
Insurance -0.17%
Telecommunications Services -0.26%
Leisure,Entertainment & Hotels -0.44%
Electricity -0.86%
Forestry & Paper -1.10%
Pharmaceuticals -1.70%
Mining -2.41%

Yippeee... I held one too ;)

Well D that brighten a day up a bit - like waking up to a nice email eh?
M:)

Well - you know what they say...an early bird is worth two in the bush :)