Good evening traders!

In the US the Dow Jones Industrial Average fell 18.73 points to 11,125.33, well above a low of 11,040.07, but its weakest level in a month, nonetheless.

The Nasdaq Composite fell 21.03 points to 2,172.86, and the S&P500 fell 4.97 points to 1,262.06.

All to play for tomorrow.... See you then.

G.

           JOKE OF THE DAY

A rather senile old lady went to her doctor complaining of draining
and a feeling of fullness in her ear.

After the examination, the doctor initiated a conversation
that went as follows:

D: Why madam, I think you have a suppository in your ear.

L: ?eh?

D: Madam - You have a SUPPOSITORY in your EAR!

L: ??EH??

D: (shouting) --IN YOUR EAR! -- A SUPPOSITORY!!!

L: Oh, thank Goodness - now I know where I put my hearing aid....

    

Good morning traders!

In Asia today, the Hang Seng ended the morning down 6.68 points at 15,798.84, rebounding as commodity stocks recovered some ground. The Nikkei was recently down 129.78 points at 15,728.09.

New York's main oil contract, light sweet crude for July delivery, was up 41 cents at $70.37 a barrel from its close of $69.96 in the US Monday.

Early broker notes:

ALLIANCE & LEICESTER UPGRADED TO 'NEUTRAL' VS 'SELL' MERRILL LYNCH

Happy trading!

G.

Morning all.

Master RSI ..... The version of the joke I know is, as it happens, Jewish based and is rather coarser, but (I think) very funny ..... I daren't risk being banned from here for telling such!

By the way, I think a rebound today is probably a good call, but how long it will last remains to be seen.

long BT.A 225.75 s/l on

Good morning all

Selected earlier
UPS (Added by Master RSI on Tue 23 May 08:50 am)

BVC - Mid 21.375p
Reason -Bouncing from yesterday's lows after 5 month on the downtrend, should now change the direction,
results were on operating profits as sales jumped

Another one selected earlier

UPS (Added by Master RSI on Tue 23 May 09:16 am)

PAF - Mid 5.675p
Reason On the bounce after the large drop dince reaching 9p, good demand today as indicators are at oversold L2 is 3 v 1

AFD - used to hold this share 2/3 months but sold far far too early albeit at a profit ..... I would have fully expected sp to have been hammered in recent days, but not so ..... hmm! One for further investigation by you chart whizzes and other analysts?

unfortunate name

LONDON (AFX) - Online gaming company PartyGaming PLC said Anurag Dikshit,
one of its founders, has resigned as group operations director and from the
board, to focus on the development of new products and platforms as head of
research and special projects.
Dikshit's existing responsibilities will be allocated between Bhagwan Dass
Goel, group technology director, and Joel Leonoff, who will be appointed to the
revised role of group operations director.
Both men will report to chief executive Mitch Garber.
PartyGaming said it does not expect to fill Dikshit's place on the board,
thus re-establishing the balance between independent and non-independent
directors.

Midday Market Summary

       LUNCH TIME FUN

My two shares on the "ups" today doing rather well
BVC 26p +6p

PAF 6.50p +1p

the late yesterday SDS 3.50p +0.50p

SVE 19.5 -21p +0.75p

marked down this morning, only slowly recovering and now is on the blue.
Is holding stocks on the AIM and Ofex ready for moving into Aim, on the oil and mines sectors, NAV of over 50p, so a discount of 56%
Indicators at oversold and share price below Lower Bollinger Band (buy signal)

End-of-day Market Summary