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 +24 Hang Seng -15  Asia News		DAX    CAC     Euro News

US stocks were volatile as the Bulls & Bears tried to balance strong earnings results against worries about rising interest rates. Mitie Group cleaning & maintenance of said that trading & growth was in line with expectations. It also said that it had won 25-year contracts worth 100 million pounds to provide services in UK schools, Canary Wharf 1.7 billion pound enters its final day today for bidders to make any final offers. Corus Group said it opposed plans by the major Russian shareholder Usmanov's to nominate a member to the firm's board, adding there were signs its business plan was working

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Communisis (AGM), Lavendon Group (AGM), Mittie (Trading) 08:30 Uk Labour Market Report	13:30 Building Permits Mar 1905K 13:30 Core PPI Mar 0.1%,  PPI Mar 0.4% 13:30 Housing Starts Mar 1900K 13:15 Capacity Utilization 76.8% 13:15 Industrial Production Mar 0.4% 13:45 Michigan Sentiment-Prel. Apr 97.0

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE Unch	DAX Unch	DOW +9	S&P +1.7	NAS Unch	Tips & Recommendations

fri ftse pp

r2 4532
r1 4519
pp 4499
s1 4485
s2 4465

Ftse closed above its pp after gaining 1.3pts in the auction, no real clear sigs on 2day chart, brk of the 2day uptrend this arvo to rally back up, pos Tr of 490/520, all down to the dow to close above 420 to brk out of consolidation for strength imho!






Updated 4/15 for Friday's market.
Key DOW Levels for 4/16
UP Above 10,440
DN Below 10,320

Range Bound
Dow stays within the range, now gearing up for a break.

From prior commentary, "...we will likely see further sideways movement within the range before another move occurs. Volatility within the range could be high, so wait for a break from the consolidation to indicate that another trend has begun..."
The Dow pushed higher at the Open, put quickly reversed off the upper boundary of the wide trading range that has formed from 10,320 to 10,430, seen in the 15 and 60 Minute Charts. As mentioned in yesterday's commentary, the Dow turned up the heat within the trading range, increasing volatility throughout the session.

The Dow is gearing up for a solid break from the range, but the direction is still in the air. A downside break is the most likely scenario, since the range has formed at the lows of the recent decline. A downside break through the bottom of the range at 10,320 will spark a sharp decline.

However, the 60 Minute Chart argues that an upside break is very likely. Looking at this timeframe shows that the Dow has pulled back off the highs of the recent decline and is looking for another push higher. An upside break through the top of the range at 10,430 will make for a serious rally. Watch the boundaries closely tomorrow, as a break either way should provide a solid move.

Short Term Dow

Short term, the Dow has formed a clear trend line beneath the lows of the late-day advance, seen in the 1 Minute Chart. A downside break of the line at 10,390 will make for weakness tomorrow morning. Otherwise, look for strength above 10,390 at the Open.

Medium Term Dow

In the medium term, we covered Shorts this morning at 10,420, giving us a nice 70 point gain for the trade. No other trades were triggered and we are now out of the market. We will watch 10,320 down, and 10,440 up tomorrow; using 20 point stops.

NASDAQ & S&P

The NASDAQ trended lower today, while the S&P stayed within a fairly clear trading range. Watch for a break from the range for direction tomorrow. *

Summary

The Dow traded within the clear trading range boundaries throughout the session, making three clear passes within the boundaries. Look for continued sideways movement within the range until a clear and solid break occurs. A break from this range is likely to dazzle.

Mornning all :-)

Morning all

Morning all.

Very quiet this morning

Picked up a few JVRS yestday afternoon, which are now showing a very nice profit..... I just love bad news. (Can't believe now much I'm making on SHEL which I got after thier last lot of bad news!)

I am running a long on Jarvis, must be bonkers!

NOKIA 11AM

Jarvis [JRVS] am I the only one to wonder at their wisdom?...(news Times Rumour)... they have invested 45m in the Underground consortium AND now want out - to sell for maybe 22m - what if they only get 16m? Is this a fire sale or what?
If you are not serious with investment (for the future, etc) then why waste time and shareholder's money in the first place. If you see a future in Rail (underground looks set for years of up-grading to my mind!)- then you have to get-in AND stay in.
This "shifting their ground" is a demonstration of short-term management that is big on cost, but small on value.
Will this Fire-Sale make any real difference to the Debt - it sure will stop any lucrative Underground contracts (-If management knows how to negotiate!)

With Jarvis' debt looming, are we about to witness another Marconi/Mayflower Management foul-up? Just what do we pay for these monkeys, I thought it was in Bullion, not peanuts.
Let's have Value Management. SOON.

Hangon - as you put it "news Times Rumour"

This bit is supposed to be confirmed by Jarvis "that the refinancing of Tube Lines' 2 bln stg bank debt was close. It will use the cash to help to reduce debts of almost 120 mln stg. Jarvis is also hoping to sell half its stake in Tube Lines"

Notice the words "sell half" - thats why the journalist (not Javis) came up with the 22m figure!

Suggest you re-read the article and not jump to conclusions

well done little woman and croc, wish i'd had your ahem balls! missed out on jarvis thought bad press would hurt it again today, oh well back to earning pennies.

I must admit, with L2 I could see so many people going short, who I knew would have to buy the share back - so when the share dipped below 130 yesterday, I noticed it was starting to get very strong support, so grabbed my chance. First thing was a bit worrying - the support was there, but I could see that some still wanted it to drop, but they didn't succeed and the share went back up.

Of course that's ignoring everything, like charts, fundamentals & news!

We were just lucky LW :-)

To any TAD holders just announced on Bloomberg MCI coming out of Chapter 11 on tuesday next week
just added 200k @ 17 cud/will be a very good week next week fer tad holders

Have a good weekend!
D,