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US markets had problems making headway due to ongoing concerns about Iraq and interest rates. Tesco's profits powered ahead with profits up 22% at 1.708 billion pounds which met analysts' forecasts. Strong growth was announced with sales up 18.7 percent led by international sales up 29 percent. Shell, Standard & Poor's stripped it of its top-tier "AAA" credit rating after its reserves were overstated. Taylor Woodrow said trading in the first quarter had been very strong with 52% of its 2004 budgeted sales completed or reserved so far this year, compared with 39 percent at the same time last year. The house building had been strong in the United Kingdom, North America and Spain. ARM Holdings reported profits of 9.4 million pounds in the first quarter on revenues of 35 million pounds easily beating analysts forecasts beating of 8.3 million pounds. They gave a positive outlook for the semiconductor industry for the rest of 2004. Carpetright said sales in the UK were up 4.2 percent in the half year helped by good trading in the January sales and Easter.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
ARM Holdings (I), Carr's Milling Industries (I), James R. Knowles (I), Mouchel Parkman (I), CeNeS Pharmaceuticals PLC (F), Gresham Computing PLC (F), Highland Gold Mining (F), Rugby Estates (F), Tesco (F), ZOO Digital (F) Brandon Hire (AGM), Dobbies Garden Centres (AGM), Hemscott (AGM), HgCapital Trust (AGM), Management Consulting (AGM), Carpetright (Trading), Jubilee Investment Trust (EGM), Virtue Broadcasting (EGM) 08:30 March CPI	Black & Decker, General Motors, Pfizer, Mattel, Mellon Financial, Millipore, Safeco, Motorola, Wells Fargo Raytheon, Charles Schwab, US Bancorp Radioshack, Teradyne, Lucent Technologies, Applied Micro Circuits, Sprint,	Pinault-Printemps-Redoute SA, Schneider Electric SA, Valeo SA

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +2	DAX +4	DOW +8	S&P +1.3	NAS +0.5	Tips & Recommendations

tues ftse pp

R2 4566
R1 4556
PP 4538
S1 4528
S2 4510

Ftse closed above its pp after gaining 1.4pts in the auction, all down to the dow to close above 10420 imho for cont strength, weakness on ftse sub 4540!





Updated 4/19 for Tuesday's market.
Key DOW Levels for 4/20
UP Above 10,460
DN Below 10,400

Holding..
Dow pushes sideways within tight range, still gearing up for potential break.

From prior commentary, "...Watch for a break through 10,460 to indicate that another push higher will occur. Otherwise, a downside break from the consolidation at 10,420 will make for another wave lower..."
The Dow held beneath the key 10,460 level the entire session today, which put a damper on a possible upside continuation, as seen in the 15 Minute Chart. Instead, the index broke 10,420 early in the session, which set the tone for a slightly negative session, as the index declined just 14 points.

Looking at the overall picture, however, shows that the Dow is still in position to get a solid upside break. The index is holding above 10,400 and has formed a tight range at the highs of the current upmove. We will continue to watch 10,460 Tuesday, as a break here will likely spark a sharp advance.

Conversely, a downside break through 10,400 will likely push the Dow back down toward recent lows at around 10,320. A break at 10,320 will indicate an even further decline. Look for continued volatility within this range, however.

Short Term Dow

Short term, the Dow looks to be forming a higher low above 10,430, seen in the 5 Minute Chart. An upside break through 10,450 will confirm such a pattern, and will spark strength at the Open.

Medium Term Dow

In the medium term, we closed Longs today at 10,420, giving us a 20 point loss for the trade. We then entered the market Short at 10,420, but the trade also faltered.

We are now out of the market and will watch 10,460 up, and 10,400 down; using 20 point stops.

NASDAQ & S&P

The NASDAQ led the way today, as the index pushed slowly, but steadily higher throughout the session. The S&P held its ground, and currently sits at the highs of the recent upmove. Watch for a continuation tomorrow. *

Summary

The Dow pulled back slightly off Friday's highs, but continues to hold near the highs of the overall uptrend. An upside break through 10,460 will likely spark a solid push higher tomorrow, while a break below 10,400 will indicate weakness.

Morning all

Croc, you certainly are having fun with the charts - or are squares a well tried and tested method?

Wow, look at the FTSE go!

TWOD -1p
Tesco closed flat, cant get the hang of this one today
Cairn short mentioned earlier +18

good afternoon everybody:
ftse is buoying up nicely today and the YM futures are Up atm.

I just had a phone call from some guy from International equites(not sure as the line was faint) the conversation was basically as such:
A Us based company specialising in Plants which are displayed and maintained in sites such as hotels(holiday inn,marriott)disney world etc using "millenium soil" which is a plastic granule kind of stuff that has been treated with minerals and nutrients etc and holds moisture so that plants dont need watering for between 3-6mths. This company is going to be listed on nasdaq within 1 years (applied for sp2 cert.)Has a t/o: of USD 8b(not sure).The directors are going to offer 2million shares and hold 8 million.The initial price will be 8usd and will list at 12usd -but u have to hold it for 12-15mths after it lists on nasdaq.The bank dealing with it will be the MELON BANK (Paul Melon). He gave me site address as: www.atlanticplants.com and told me to look at the refs: and News (where the sp2 listings are put on.)
Anyway he suggsted to me that Stg:3000 would be an ideal way to start.
I listened him out and told him to call me back (friday).

Anyway what do you guys think of this as i am perplexed to say the least.

rgds
zarif

Basically, Zarif, you've been cold called and asked to give money
for shares that may or may not list, that you can't sell.

Nuff said?

Melnibone.

Zarif,

Once knew a guy who, about four years ago, was offered a job selling shares over the phone out of Manilla. The company was, according to him, part of the mob and if they didn't make their sales quota they were threatened with violence by the ex Para 'sales director'. When he asked for his pay and told them he wanted out they told him he would 'disappear' if he wasn't careful. He left everything behind and did a runner back to the UK penniless (mind you he is a scouser con man so difficult to feel sorry for him).

Thanks Guys: My feeling was the same and when questioned him as to what would happen if they didnt list on the YM -he said u can judge the people when u talk to them and you know your "gut instinct" -WELL in my book EVERYONES GUTS FULL OF S***!!!!.
thanks for your kind words but hopefully anyone else approached by them or similar will know and let their legs do the talking.

rgds
zarif

hello future millionaires!!!!!!!
does any one know the code for british energy Co and argos shop.
a new year is coming, happy christmas xmas.
and all the best.RICHARD

You are on a old thread, go to the traders thread 10th december.

Afternoon all.

Looks like I've done the same !!!! No wonder part of the heading is missing!

Results are expected to be good,any price predictions for tomorrow for TESCO?

Hi folks, forgive my ignorance as not being a trader as such. Just a quick question to any one prepared to answer.

When trading for serious short term gains, how does the spread come into play. For example I hear of a tight-spread, or a large-spread etc, but is it an inication of a good time to purchase? Essentially what does it indicate?

Thank you

Lata Potata - You have brought up an old thread here, there is a new Traders
Thread every day.

Anyway, in answer to your question, the spread is indicative of liquidity. For instance, the spread on the FTSE 100 stocks will always be much tighter
than AIM listed stocks. There is a very good thread on the Traders Room that
has a "Lurkers Thread" where you can put your questions and get much more informed replies or alternatively, re-post on the Traders Thread with today's date and you will get plenty of helful comment.