Sorry Your browser is not java capable

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 +121 Hang Seng +188  Asia News		DAX    CAC     Euro News

US stocks rallied anew following the the Institute for Supply Management's services index for March. The index, which had been expected to come in at 61, soared instead to 65.8 from the previous month's 60.8.   Breaking News:  Autonomy win a large contract, look for a rise here. Orange shares suspended due to a court descision today. Lastminute.com (LMC) said trading in the second quarter TTV was 10 million ahead of its expectations to 170 million pounds Man Group (EMG) hedge fund manager said it had raised a record $805 million in client money for a new multi-currency fund to be invested in five types of hedge-fund strategies. Bellway (BWY) house builder reported a 36 percent rise in first-half profit to 77.4 million pounds from 57.1 million a year earlier which topped analysts' forecasts and said its markets remained buoyant.TBI (TBI) the owner of Luton airport said trading in the second half had been in line with expectations as low-cost travel continues to grow Cobham (COB) said it had bought U.S. surveillance equipment maker DTC Comms for $48 million cash, to be financed from its existing resources BHP Billiton unveiled an $870 million plan to expand copper mining in Chile despite analysts' warnings of a looming world supply surplus later this decade

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Bellway (I), Fibernet (I), Premier Direct (I), Corin Group (F), DataCash (F).Highbury House (F), Kiln (F), Regal Petroleum (F), Wigmore Group (F), New Look Group (Trading Announcement), Last Minute.com (Update) Man (Update), TBI (Update), Rio Tinto (AGM)	ALCOA Q1	FR Altran Technologies (F) FR GPSP Grandvision (Q1)

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +8	DAX +7	DOW +11	S&P +0.9	NAS +2	Tips & Recommendations

This Free Of Charge Virus Program is very good! 
Click the ICON  

Updated 4/5 for Tuesday's market.
Key DOW Levels for 4/6
UP Current Trend
DN Below 10,500

Uptrending
Dow rallies late in the day, gains 88 points for the session.

From prior commentary, "...The fact that Dow has formed a tight consolidation at the highs of the current uptrend from 10,425 to 10,475 indicates further upside is very likely..."
The Dow got the upside break from the consolidation early in the session today, setting the tone for a positive session. However, it wasn't until late in the day that the Dow really took off, rallying sharply to the Close for an 88 point gain, as seen in the 15 Minute Chart.

The 60 Minute Chart shows that the Dow continues to trend sharply higher after breaking the consolidation over a week ago. The index has formed a clear lower trend line beneath the lows of the 15 Minute Chart, which we will watch closely for a possible break. A downside break of this line at 10,450 will likely spark an expected retracement within the current overall uptrend.

However, look for the index to continue trending higher within the current uptrend until this line is violated. That is, the Dow should still be considered bullish above 10,450.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the late-day rally, seen in the 1 Minute Chart. A downside break of this line at 10,550 will indicate weakness tomorrow morning.

Medium Term Dow

In the medium term, we entered the market Long this morning at 10,500, but stopped out with a 20 point loss. We later re-entered Longs at 10,520 and are still in the position. We will continue to hold stops at 10,520 for tomorrow's market, and will look for Shorts below 10,500; using 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P continue to trend steadily higher within their respective uptrends. Look for continued upside movement above the clear lower trend lines tomorrow, unless these levels are vioalted. *

Summary

The Dow got a late-day pop this afternoon after breaking the consolidation thar formed earlier in the day. The index has continued to trend steadily higher throughout the past week and will likely continued to do so until the lower trend line is violated at 10,450. A break there will indicate weakness.

TUE FTSE PP

R2 4503
R1 4492
PP 4472
S1 4461
S2 4440

Ftse closed above its pp on Mon and gained 1.2pts in the auction, still in an uptrend targeting 4500 it seems, weakness sub 65 imho! Still feel the dow can target 520/550 this week so pos some more strength ahead!

Morning traders ..

Morning all

Looks like its going to be a quietier in here today! It was nice to have so many posting yesterday.

Morning all,

Everything seems to be making spread triple tops at the moment.
Everyone looking Bullish.
Channels trending up.
TV Bull pundits full of cheesy grins and calming words.

If you are a Bull, this is where Clint Eastwood would be saying,
"Do you feel lucky punk?"

Will let the market tell me as usual, but still looking for a lower
swing high and Index shorts.

Melnibone.

Yep, very quite, Long Persimmon. Looks oversold

afternoon one and all:
rgds
zarif

Anyone got a view on the current strength of BP and the likelihood
of it continuing or not? Some massive gains over the last week or so!

I keep seeing threads on AIM shares where people are posting questions about taking losses.

I thought the whole point of buying AIM shares for the extra (business) taper relief - but to get it they have to be held for more than 1 year, otherwise there is none.

If you think the company is going to go bust/under - SELL now.
Oherwise just sit it out!

Lw I think alot of people are not buying AIM shares on that basis but because of the potential for large short term gains!!! A lot of these shares are being pumped and dumped and people are being left with paper losses having bought in too late - all imho.

Micro-Caps have been pumped and dumped for years.

Novice traders should leave them well alone and cut their
teeth on Large Cap shares.

Large Caps are analysed to the N'th degree by folk
who do it as a profession and are only capable of
being ramped by Brokers.

Melnibone.

Have done 10/10 good scalps on the FTSE but it was boring at 2 points a time ;-)