1 Day     2 Day  5 Day   UK News			Gold/Bond Pivots Markets  Futures Translate
	Day 2 Day 5 Day US News	S&P Futures
	Nikkei +208 Hang Seng +150  Asia News	DAX    CAC     Euro News

	Calendar:  United Kingdom		United States		Europe & World
Interims SIG : Signet GroupFinals BWB : Burtonwood Brewery ERG : Erinaceous Group HLCL : Helical Bar KWL : Kewill Systems NWG : Northumbrian Water Group TEP : Telecom Plus YTE : Yates GroupAGM / EGM ANTO : Antofagasta ASY : Andrews Sykes Group SGF : Singer & Friedlander AIM VCT SIR : Sirius Financial Solutions THN : Thomson Intermedia UKB : ukbettingEconomic UK April trade (0830 GMT) UK April industrial production (0830 GMT)		Company American Woodmark Corporation AMWD H&R Block, Inc. HRB Hayes Lemmerz Int'l, Inc. HAYZ Martek Biosciences Corporation MATK Net2Phone NTOP Omnivision Technologies OVTI Signet Group SIGY Smithfield Foods SFD Tommy Hilfiger TOM Versant VSNT Volt Information Sciences VOLEconomic3:00 PM GMT Wholesale Inventories for Apr Mkt Expects 0.5%		EconomicPORT: Auction: 800 - 900m 4.375% 06/2014 Bond GER: 07.00 Trade Balance (April) 16.5bn 12.0bn - Current Account 11.3bn 6.6bn JAP: 07.00 Machinery Orders (May) -3.2% +1.9% (+6.4%) NZ 22.00 Reserve Bank of New Zealand Interest Rate Announcement
Interim Ex Dividend: UK AVON : Avon Rubber - 3.7(p) BSET : British Assets Trust - 1.3(p) CDFF : Cardiff Property - 2.2(p) CRY : Country & Metropolitan - 1.1(p) HMP : Hampton Trust - 4(p) ITE : ITE Group - 0.55(p) MAJE : Majedie Investments - 3.2(p) NHP : NHP - 3(p) PUB : Punch Taverns - 2.9(p) RE. : R.E.A. Holdings - 4.5(p) RNO : Renold - 3(p) SCV : Scottish Value Trust - 1(p) WTAN : Witan Investment Trust - 2.7(p)Final Ex Dividend: ABNY : Albany Investment - 5.4(p) AGG : Aggregate Industries - 1.67(p) AUW : Atrium Underwriting - 8(p) AXD : Alexandra - 3.3(p) BAA : BAA - 13.4(p) BOOT : Boots Group - 21(p) CAM : Camellia - 67(p) CHU : Chaucer Holdings - 1.35(p) CTF : City Lofts Group - 1.94(p) ENN : Ennstone - 0.78(p) ET. : Establishment Investment Trust - 1.45(p) FSTA : Fuller Smith & Turner - 12.21(p) HDU : Hardy Underwriting Group - 8.25(p) HEAD : Headlam Group - 10.25(p) HILS : Hill & Smith Holdings - 2.45(p) HTG : Hunting - 2.25(p) JHT : Johnston Group - 3(p) JJB : JJB Sports - 7(p) JMAT : Johnson Matthey - 18.2(p) LPK : Linton Park - 10(p) MCP : Martin Currie Pacific Trust - 1.4(p) MRT : Merchant Retail Group - 2.75(p) MTN : Matalan - 5.4(p) NRI : Northern Investors Company - 14(p) PEA : Peacock Group (The) PLC - 5.3(p) PILK : Pilkington - 3.25(p) PVI : Private Investors Capital Trust - 0.5(p) RTN : Restaurant Group - 2.9(p) SJE : Smith (James) Estates - 5.5(p) SMT : Scottish Mortgage Investment Trust - 0.4(p) YULC : Yule Catto & Co - 7.7(p)

nother late mornin all

Morning all.

Funny old markets, these.

Everything has crept up to resistance as if it's embarrassed to
be here.
The poor volume, for weeks now, keeps bringing the word 'Apathy'
to mind.

I keep going to open an index short and then think,
"Might as well wait and see if it creeps any higher."
Maybe everyone is thinking the same.

I'm not very well up on what happens when the futures change
from June 18 to the September ones, but it's getting quite
close now. Is this anything to do with the change from June
to September by the Futures Traders, does anybody know?

I remember reading on TT that TomH has June 18th as a key day for
a possible trend change. Possibly some kind of link here?

Melnibone.

Good morning,

Hello gang,below is the email i recieved from Tom Hougard.
rgds
zarif

My feeling is that the market is in a quarter end mark up phase which is seeing more upside than even the perma bulls could have hoped for. This is caused by the lack of participation from the big Wall Street firms. The evidence is in volume which is running at around 2/3 of the normal average volume. This does of course necessarily have bearish implications. It just means that no one is interested in selling and buyers have to chase prices higher.



Oil prices look toppy as well and may provide the catalyst for higher prices in the market. I could see a relief rally develop on the back of lower energy prices, but I do think that the market is very vulnerable to exogenous factors relating to oil. In other words traders are keeping a close eye on that sell bottom if a piece of undesirable news item rolls over their monitor.



I spoke to a friend of mine last night who trades the SP500 in Chicago. He told me that he will take Thursday off before the Reagan funeral on Friday. His reason was that Thursday is roll-over day from June to September and it often buggers the geometry of the contract. I have today and Thursday as trading lower but if many traders are taking off early we could find a market far more prone to market manipulation. I would therefore only short weakness.



The 1145 area is a huge target for the market. If we were to close above 1145 the market could theoretically move to 1170. I am not a big fan of this and I am in general not a big fan of the market right now. It feels odd to me and looks most suitable to day trading. Keep an eye on 1145 as the market could see a dramatic reversal at this price.



Oil is falling and I am looking at stocks like BP and Exxon Mobil. XOM has failed to trade significantly lower (only dropped about $2) since I issued a short at $44. We are now back around $44. If both BP and XOM trade higher from here, and can get through $44 it targets the all-time high at 47.75 at a minimum.



Tom

Thanks for that, Zarif.

Glad to see someone else is thinking along the same lines as me.

How do you get e-mails from Tom?
Is it part of a service that you get with one of your accounts?

Melnibone.

Melnibone: I was introduced to him By the "Priest" (Tim Leleux) and we became friends and he keeps sending me the analysis etc.
I think if no-one objects then i will keep posting his email on here(of course with TH,s blessing).

rgds
zarif

Zarif

thanks for that, if you can please keep posting them.

Catching up with reading all your postings. This thread is certainly getting more interesting.

I can only trade for short periods at the moments, so I'm now short ITV & CTM. Both very small positions.

Afternoon! Will try to post here more often, but can't promise.

My current take on the market is first S&P and then Dow last night (as shown by TP's chart above) may very well have broken out of a bullish flag. Nasdaq broke 2000 again a few days ago and a couple of weeks back there was a note that small cap stock buying had picked up again over the pond. FTSE as usual is dithering, but our American friends are in bullish mood right now.

The next couple of days will be quiet as everyone says bye-bye to dear old Ronnie, the thickest Prez until the current one arrived. ;-)

As for me, I'm currently long ALM, AQP, IMG, JKX, ROK and short WBY.

Finally, I went "wireless" last month and very good it is too. Problem is battery in laptop is well past its sell-by date. ;-( Got my gear from the following website where they have a great chat facility to ask all the questions you want to ask.

http://www.dsl-warehouse.co.uk

Have a good day.

Al
;-)

Forgot - also long ICI (for now)!!

Thanks for your imput Big Al, as I said earlier, this really is shaping up to be a really interesting thread.

lw - the Investors' Room is not a button I click on as regularly as I should! ;-)

Al

nice to see you coming over to this side lol. Interested to know why you are short WBY?

Fundametalist - good question! ;-)

Yesterday, saw a load of sell bots so helped them by taking out an order at 435p. Second, there's a pretty strong support/resistance level around 440p, which it hit off 2 weeks ago and again yesterday. Thirdly, I'm rather bearish on housebuilders anyway with rate rises coimng along thick and fast in general. Also, am firm believer housing market is stuffed - CYD profit warning a couple of months back showed what the top end was doing and it's all been donhill from there really, depsite what "official" figured say. Would be happy to take 10p for now.

PS - I'll have a bit of RDW if it pokes its head over 350p for very long as well.

;-)

Big Al.
Nice Of you to join hands with us at the INV.BB. we are honored.Please keep the advice and views coming and your no-nonsense comments which would be appreciated when need to kick A*** to put us in shape

rgds

zarif - it's usually me that needs a kick up the a**e!! LOL

Big Al

thanks for that, reason for the question was WBY were my employers up until 6/8 weeks ago! I was regional FD for them in Manchester. Shorting on general sentiment to housebuilders seems sensible enough, only danger is potential takeover bid.

Fundamentalist - ah! Gimme the info! ;-)

Trying to complete a short order on RR. just now. Partially filled. It's at res of 240p. Stop on new high probably around 245p - will see how it goes.

Out of ICI -1.

Short RR. 240

Covered ROK +13 ;-)