Hello traders!

The US market continues to trade at lower levels as buyers remain reluctant to come out of their shells...

The Dow was last down 43 points with the Nasdaq 16 points light and the S&P500 5.38 off the pace.

See you in the morning with the UK news.....

Sleep tight!

G.

Good morning traders!

US indices opened on a downbeat note following a mixed batch of economic data, earnings reports and guidance, but closed even lower in the wake of Greenspan's reaffirmation of further rate hikes.

As expected, the Fed Chairman's remarks to the House Financial Services Committee essentially replicated yesterday's testimony to the Senate, which reiterated that a drop in yields on longer-maturity bonds since rate hikes began in June 2004 is a "conundrum".

The Dow closed down 80.62 points at 10,754.26 with the Nasdaq Composite 26.09 points lower at 2,061.34 and the S&P500 9.59 points lighter at 1,200.75.

Asian markets seem unperturbed with both the Hang Seng and Nikkei comfortably ahead when I last checked this morning.

Back soon with some UK news.....

Happy trading!

G.

morning all,

long ARM BUR S&P....

short CABLE....

See you all at the open.

Mega...

Morning

XTL - prelims. They've had big runs up, down and up in the past year
http://www.uk-wire.com/cgi-bin/articles/200502180700087571I.html

UDI - posted the chart a couple of days back. They requested suspension pending publication of a document, which says they're in a reverse takeover
http://www.uk-wire.com/cgi-bin/articles/200502180700177613I.html
http://www.uk-wire.com/cgi-bin/articles/200502180700187563I.html

HDYS - acquisition
http://www.uk-wire.com/cgi-bin/articles/200502180700247628I.html

ULT - Oh, this is good! "Pressure of life"?!?!?! Could do with it on here. ;-)
http://www.uk-wire.com/cgi-bin/articles/200502180700277629I.html

EXR - another set of contracts
http://www.uk-wire.com/cgi-bin/articles/200502180700297633I.html

BRV - new contract
http://www.uk-wire.com/cgi-bin/articles/200502180700297637I.html

GKR - product launch. Can it stop the Scousers, etc? ;-)))
http://www.uk-wire.com/cgi-bin/articles/200502180700307638I.html

HCEG - issue to pay for acquisition
http://www.uk-wire.com/cgi-bin/articles/200502180700317641I.html

SIA - Yemen
http://www.uk-wire.com/cgi-bin/articles/200502180700317643I.html

NTR - profit warning
http://www.uk-wire.com/cgi-bin/articles/200502180700317644I.html

VML - another miner with this assay thing.
http://www.uk-wire.com/cgi-bin/articles/200502180700317646I.html

CZT - new test for cocaine. Price/volume past 3 days is interesting
http://www.uk-wire.com/cgi-bin/articles/200502180700327648I.html

ENN - disposals
http://www.uk-wire.com/cgi-bin/articles/200502180700447676I.html

ZOO - profit warning is how I read it
http://www.uk-wire.com/cgi-bin/articles/200502180710087580I.html

SGY - small outfit, but makes good reading
http://www.uk-wire.com/cgi-bin/articles/200502180700327649I.html

VBT - not too bad. If it breaks up, chart looks nice
http://www.uk-wire.com/cgi-bin/articles/200502180700027483I.html

That's it. Have a good final day for the week.

Morning all.

Morning all.

Morning all

Big Al, I appreciate all the research you do,but....

Yours,
An honest Scouser from near Huyton!!!!

LOL

covered BUR +20 +29 :-))

Paulo2 - no offence! ;-)) I can sometimes be a bit flippant early on.

Seriously, I was told a while back that a decent trader always has their eye on the news before open. There's money to be made. I never jump on everything, but you do get the odd one that really flies. Hate getting up in the winter so early, though. ;-)

Al