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Interims RWS : RWS Holdings SEG : SCi Entertainment Group SYN : SynstarFinals DGG : Domestic & General Group ECK : Eckoh Technologies RYA : Ryanair Holdings PLC AGM/EGM IHG : InterContinental Hotels Group Economic UK May CIPS manufacturing report (08:30 BST) UK CBI quarterly distributive trades survey (10:00 BST)		Company Pall Corp. Q3Economic pm BST Auto Sales for May expected 5.2M pm BST Truck Sales for May expected 7.8M 15:00 pm BST Construction Spending for Apr expected 1.50% 15:00 pm BST ISM Index for May expected 62.4		Economic 00.50 BST - JAP Average Lending Rate APR na na +1.546% 02.30 BST - JAP Labour Cash Earnings y/y APR 08.45 BST - ITA Manufacturing PMI MAY prev +52.5 08.50 BST - FRA Manufacturing PMI prev +53.5 08.55 BST - GER Manufacturing PMI prev +55.3 09.00 BST - EMU Manufacturing PMI prev +54.0 10.00 BST - EMU GDP q/q Q1 BRUSSELS EU Commission to publish Q2 and Q3 GDP growth forecasts

Note to Traders - Shares going ex dividend tomorrow 2nd June (ABU) Abacus Group 3.50, (AGS) Aegis Grp. 0.80, (AIG) 6.50, (AN26) 45.00, (ARD) Austin Reed 5.50, (ARR) Aurora Inv.Tst. 2.85, (AXN) Alexon Grp. 5.17, (BOS) Body Shop 3.80, (BRAM) Brammer 3.00, (BWY) Bellway 9.30, (BYG) Big Yellow Grp 1.05, (CKN) Clarkson 10.50, (CNT) Connaught 2.80, (COB) Cobham 19.80, (CRDA) Croda Intl. 7.83.(CTG) Christie Grp. 2.00, (DEL) Deut.Lat.AM.Tst 0.70, (DSC) Dev.Secs. 3.60, (EDIN) Edin.Inv.Tst. 8.95, (ETI) Ent.Inns 2.60, (EUP) Eurocopy 0.55, (FDL) Findel 11.40, (GLE) Gleeson (MJ) 7.02,(GNC) Greencore Grp. 5.05, (GPOR) GR.Portland 7.00, (GTG) Get Grp. 2.85, (HVE) Havelock Europa 2.10, (ISU) Ivory&Sime SM. 3.00, (ITRK) Intertek Group 5.90, (IVS) Inveresk 0.25, (JCKS) Jacks(WM) 2.50, (JGIZ) Jpmor.FL.I&G In 2.25, (LMR) Luminar 8.87, (MAL) Malcolm Group 3.30, (MER) Mears Group 1.00, (MKS) Marks & SP. 7.10, (MLG) Maclellan GP. 0.75, (MLRI) Merrill L.Inc 2.06, (MNZS) Menzies(J) 12.60, (MOSB) Moss Bros. 1.00, (MSLH) Marshalls 7.35, (NBP) Narboro.Plnt 0.36, (NGT) National Grid 11.87, (PAQ) Prop.Acq.Mang 2.00, (PNB) Pubs'n'bars 1.25, (PTY) Parity 0.03, (RDM) Radamec Group 2.00, (RM.) Rm 1.00, (SCR) Securicor 0.86, (SCS) Schroder Split 1.40, (SDX) Sondex 1.20, (SHB) Shaftesbury 1.51, (SLNG) Slingsby H.C 30.00, (SPW) Scot.Power 6.25, (SRH) Scot.Radio 7.00, (SSW) Sth. Staff. 34.40, (SUS) S & U 21.00, (TCSC) Town Centre 1.80, (TON) Titon Hldgs. 2.30, (TPT) Topps Tiles 2.00, (VOD) Vodafone Grp. 1.08, (WBY) Westbury 9.55, (WOLV) Wolver.Dud. 12.00, (WPP) Wpp Grp. 4.40, (YULC) Yule Catto 7.70,
Data Download	FTSE Intraday	Calendar	US Zone	HTML Edit	Currency Calc	Dividends	Director Dealings	Broker Upgrades / Tips
Good Hunting all			Pre Market Futures	FTSE +1	DAX+10	DOW+25	S&P+2.9	Nasdaq+7

mornimg all Martini can't possibly have time to read all these posts ..many thanks anyway

Martini you are doing a great job much appreciated.

Claremont

Morning all.

Still favouring short the pops. As everyone points out, we are still
stuck in this approx 4400/4480 range. Note we still have not filled
the gap down open from early May. Check the close of the fifth candle
in May and the open on the sixth candle. So we could still see 4500
prior to any drop. (If we drop, that is. These are just opinions, not
predictions.)

Market is nervous and looking for a catalyst to move, IMHO. If a concensus
forms the move could be quite large as it gathers rapid momentum.
Rapid moves are normally down, not up. So an incorrect short will give you
time to operate a stop loss, where as you may not get the time with an
incorrect long. This will only affect geared day traders. LTBH players
should, as usual, be looking for a buying opportunity at a price they
are looking for in a well researched stock.

Melnibone.

FTSE seems to be following the S&P futures.

Good day.
I think the Dow & S&P500 will fall today.
Probably due to oil price concerns.
Don't bet on it though.

Interesting - the ftse is trading in a very narror range sideways, (compare the chart to the S&P futures chart) DJI is doing its own thing!

Market ramblings wrap.
With worries over terrorism and 21 year high oil prices most European Markets followed the US lead and closed in negative territory. FTSE100 traded in a close range on small volumes and closed down only 8 points with 250 and small caps being hit harder.

Traders struggled to get any direction with many complaining that it was flat lining. No joy for the day trader if things dont move about a bit eh?

One reason for the stability in the UK on low volumes could be the number of Companies currently involved in share buy backs helping to support prices. Bit worrying when the best they can think to do with spare cash is buy their own shares back

MKS continued to be centre stage making new year highs and closing up on the day by 6p at 365.5 as the financial world awaits the next move by those stalking it.

M

But as always in a flat day individual shares did move significantly


Top % gainers for the day (which I am sad to say I held none)

BS. Base Grp. 28
GEE Govett Euro 26
TYM Tertiary Mins. 23
SC. Supercart 22
ESGN Estates&General 18
CYC CYC Hldgs. 18
GMN Gold Mines Sard 16
PRO Provalis 13
FPL First Calgary 13
MT. Mytravel GRP 13
WMS Wlth Mngt.Soft 12
ENVA Enterprse VCT A 12
IDOX I-Documntsystem 12
BGYA Br.Energy 'A' 12
BVC Batm Advanced 11
OVG Ovoca Res. 11
TTL TTG EUR 10
QTR Quiktrak 10
BRF Bright Future 10
DES Desire Pet. 9
IGT INC&Gwth TST 9
YSP Your Space 9
QA. QA 8
COH Coffeeheaven 8
FRO Frontline 7
NUG Numerica GRP 6
PCM Pacific Media 6
HCR Healthcare HLD 6
CIY Collins&Hayes 6
JQV Jacques Vert 6

Top % losers for the day (of which I am pleased to say I held none)

AKO Arko Hldgs -29
OND Overnet Data -19
AZH Azure Hlgs EX-E -17
ZYZ Zyzygy -16
NTA Northacre -10
LPA LPA Group -10
TDM 3DM Worldwide -10
CDN Caledon Res. -9
MRG Mercury Recyc. -9
RAV Raven Mount -9
MXC Matrix Comms. -8
CHU Chaucer Hldgs -8
PTC PNC Telecom -7
PPR Pentagon Prot. -7
COX COX Insurance -7
LBT Lloyds Br.Test -7
HMP Hampton Trust -7
WKT Walker (Thomas) -6
SVB SVB Hldgs. -6
IGL Interactve.Dig. -6
CFM Central African -6
EVS Envesta -6
ROS Ramco Energy -6
BBR Blooms.Bress. -6
MDW Mediwatch -6
KTS Knowledge Tech -6
PMD Profile Media -6
NEB Netb2b2 -6
CUX Cent.Energy INT -6
LDSG Leeds Group -6


Volume/price leaders

GSK Glaxosmithkline 455,906
HSBA Hsbc Hldgs.UK 338,066
MKS Marks & Sp. 333,620
GUS GUS 321,207
BP. BP 308,878
SPW Scot.Power 259,725
VOD Vodafone Grp. 257,096
BARC Barclays 163,048
RBS Royal Bank Scot 104,505
LLOY Lloyds TSB Grp. 103,778
BSY Bskyb 102,343
AZN Astrazeneca 86,011
DGE Diageo 82,927
RIO RIO Tinto 72,808
ULVR Unilever 68,118
BT.A BT Group 66,513
BLT BHP Billiton 66,470
HBOS Hbos 65,250
SHEL Shell 61,928
HG. Hilton Group 59,139
LAND Land Secs. 54,434
SAB Sabmiller 52,378
BA. BAE Sys. 50,642
EMG MAN Group 49,326
BATS Br.Amer.Tob. 47,289
AAL Anglo American 47,120
NGT National Grid 45,998
III 3I Grp. 45,026
STAN Stand.Chart. 43,178
KGF Kingfisher 42,629

Sector % Performance

Forestry & Paper 2.40%
Mining 0.77%
Oil & Gas 0.68%
Chemicals 0.32%
General Retailers 0.15%
Pharmaceuticals 0.11%
Health 0.09%
Banks 0.04%
Restaurants,Pubs & Breweries 0.00%
Packaging 0.00%
Gas Distribution 0.00%
Distributors 0.00%
Water 0.00%
Diversified Industrials 0.00%
Food & Drug Retailers -0.12%
Leisure,Entertainment & Hotels -0.26%
Aerospace and Defence -0.28%
Electricity -0.29%
Construction & Building Materials -0.34%
Tobacco -0.38%
Engineering & Machinery -0.40%
Investment Companies -0.47%
Transport -0.52%
Support Services -0.54%
Information Technology Hardware -0.56%
Real Estate -0.59%
Speciality & Other Finance -0.66%
Automobiles -0.68%
Electronic & Electrical Equipment -0.79%
Insurance -0.87%
Personal Care & Household Products -0.91%
Food Producers & Processors -1.04%
Life Assurance -1.08%
Telecommunications Services -1.10%
Media & Photography -1.26%
Beverages -1.27%
Software & Computer Services -1.29%
Steel & Other Metals -2.22%

 

		X								2940
X		X	O			X				2910
X	O	X	O			X	O			2880
X	O	X	O			X	O			2850
X	O		O	X		X	O			2820
X			O	X	O	X	O			2790
X			O	X	O	X	O	X		2760
X			O		O	X	O	X		2730
X					O		O	X		2700
X							O	X		2670
X							O			2640
X										2610
X										2580

 

 

								X		4600
						X		X	O
				X		X	O	X	O	4500
				X	O	X	O	X	O
				X	O	X	O	X	O	4400
				X	O		O	X
		X		X			O			4300
		X	O	X
X		X	O	X						4200
X	O	X	O	X
X	O	X	O							4100
X	O	X
X	O									4000
X
X										3900

Couple of P&F charts above that show how confusing
I'm finding these markets.

Top one is the Dow Jones Eustoxx50 which I sometimes use
as a proxy for the S&P.
To me it looks Bearish with a descending triple bottom
and lower highs.

The bottom one is the Ftse100 which is showing an ascending
triple top, which to me looks Bullish.
The low that took out the double bottom was the Madrid low
which may be an aberration. If you take a line through
the previous two lows and the next higher low, it didn't
breach it.

Anyone got any firm convictions?

Melnibone (In puzzled mode)

 

X

1160

X

X

O

X

1150

X

O

X

O

X

O

1140

X

O

X

O

X

O

1130

X

O

O

X

O

X

1120

X

O

X

O

X

1110

X

O

X

O

X

1100

X

O

O

X

1090

X

O

1080

X

1070

X

X

1060

X

X

O

X

1050

X

X

O

X

O

X

1040

X

O

X

O

X

O

1030

X

O

X

O

1020

X

X

X

O

X

1010

X

O

X

O

X

O

X

1000

X

O

X

O

X

O

990

X

O

X

O

X

980

X

O

O

970

X

960

X

950

X

940

X

930

X

920

X

910

X

900

To add fuel to the fire, above is the S&P, which shows
how the US has changed from Bullish to Bearish with
lower highs and lows.

SHEL and BP. are probably having a stabilizing effect in addition
to the natural defensive make-up of the Ftse.
Plus, as Martini pointed out, there does seem to be some
sector rotation going on.
Just fishing for reasons really, on why the FTSE isn't testing
4300 by now.

Melnibone.

Melnibone - I look at similar trades to you (find your posts very interesting) and on UKX I am simply waiting for a break of the the current sideways range on a closing basis. Trying to forecast a break is too risky for me so I'll just wait for confirmation.

Good luck!

You're probably right, Velocity.
Trying to call the direction of a range break can be detrimental
to your wealth. :-)

I just get irked when stuff doesn't drop into place.
Guess it's a control freak thing that I need to deal with. :-)

Melnibone.