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US stocks fell on worries that the first-quarter earnings reports might not be as good as had been hoped and new worries over terrorism. After the Bell Dell boost techs, Intel rise as Dell raises forecast, Genentech, & Yahoo up as earns beat Street Bank of England rate decision at 12:00 UK stock futures look very firm this morning following the US numbers Thorntons said it had appointed Chris Burnett to become executive chairman following the retirement of John Thornton on April 26.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
09:00 BRC March shop price index   Bank of England's rates decision	General Electric Q1, Supervalu Q4 M&T Bank Q1, SunTrust Banks Q1 13:30 Core PPI Mar DATE 0.1% 13:30 Initial Claims 342K - 13:30 PPI Mar0.1% 15:00 Wholesale Inventories Feb 0.1%	Clarins SA Clarins Q1 L'Oreal Q1, Zodiac SA H1 Bonduelle Group H1, Groupe Steria SCA(F)

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +20	DAX +19	DOW +31	S&P +3.1	NAS +9.5	Tips & Recommendations

Updated 4/7 for Thursday's market.
Key DOW Levels for 4/8
UP Above 10,530
DN Below 10,450

Volatile Session
Dow trades in volatile fashion, ends day lower.

From prior commentary, "...we will likely see further upside movement within the trend until the lower trend line is crossed. A downside break of the line at 10,500 will likely make for an overdue retracement..."
The Dow pulled back sharply off yesterday's highs this morning, which set the stage for a weakened session. The index eventually broke the clear lower trend line to the downside at 10,500, which led to an even further decline, as seen in the 60 Minute Chart. However, a late-day upsurge and subsequent decline added to the day's volatility, which could be shifting the Dow into slightly bearish territory.

Looking at the 60 Minute Chart shows that the Dow looks to be forming a continuation pattern after breaking the trend line to the downside. Such activity typically implies weakness to come. Therefore, we will watch 10,450 closely tomorrow, as a break here could make for the sharpest decline yet.

Otherwise, an upside break through 10,530 will spark a retest of recent highs. Watch 10,450 down, and 10,530 up tomorrow.

Short Term Dow

Short term, the Dow has formed a tight range at the lows of the 1 Minute Chart from 10,470 to 10,490. Watch for a break from this range for direction tomorrow morning.

Medium Term Dow

In the medium term, we entered the market Short this morning at 10,500, but stopped out of the trade at the entry due to the Breakeven Rule. No other trades were triggered and we are now out of the market. We will watch 10,450 down, and 10,530 up tomorrow; using 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each traded the day in swings, but ended the session lower. The indexes have formed clear lower boundaries to watch for tomorrow's market, as these could lead to a steep decline. *

Summary

The Dow opened the session lower this morning and held on to the loss despite a large upmove late in the day. The index is looking more and more vulnerable at this point, as it now looks to be forming a continuation pattern below today's broken trend line. A break below 10,450 will make for another push lower, while an upside move through 10,530 will lead to a move toward resistance.

THU FTSE PP

R2 4510
R1 4489
PP 4479
S1 4459
S2 4449

Ftse closed under its pp on Wed and lost 1.9 in the auction! Ftse still in downtrend off Wed high unless we brk up through 75, 80 to confirm it (as level of breakdown on Wed 2day chart), looking to 10450 to hold on dow to stay bullish overall! IMHO

morning all

morning all

Morning all

Morning all. RSI approaching 20.

Morning all -
I don't like the divergence in the MACD and the price. Are there troubles ahead?

Diego

Morning all

Interesting posts.

Interest rates held - no rise this month

TUESDAYS FTSE PP

R2 4524
R1 4507
PP 4488
S1 4471
S2 4452

Ftse closed above R1 on Thu and gained 7.4pts in the auction (short closing on long w/e) also caused ftse to close above the downtrend from the Thu high!

WEEKLY FTSE PP

R2 4535
R1 4512
PP 4482
S1 4459
S2 4429

Still bullish on Dj above 10450, similar picture to this week, ftse still in an uptrend above 4460, upper target at 4520 to 4560, trend brk at 4460 to 4425, reporting season under way more so next week to lead the way!

dj 10450

Tuesdays open is a long time off!

LW sure is!

Computer systems worldwide face an attack by variations of the already-rampant Netsky virus, experts warned today.
Variants of the virus, which has plagued systems for the past two months, are surfacing with a vengeance, and computer security firms expect a fresh and intensifying electronic offensive next week. New variant Netsky.Q is designed to attack websites that offer filesharing services, such as Kazaa - best-known for its music downloading.

The experts say a further mutation, Netsky.T, is primed to flood systems with a 'denial-of-service' attack next Wednesday. It will bombard systems with electronic requests, clogging up or slowing down networks. The attack is scheduled to last for 10 days.

The latest versions of the original Netsky, which has generated millions of virus-infected mails since it emerged earlier this year, arrive as a file attachment in an email and sometimes claim to have been scanned for viruses and given a clean bill of health.
The ploy of adding a 'no virus found' message at the bottom of the email is deliberately designed to appeal to those who are too impatient to practise safe computing,' said Graham Cluley of antivirus company Sophos.