Good morning traders!

In Asia today, the Nikkei closed up 109.79 points at 16,637.78, while the Hang Seng ended the morning down 104.67 points at a session low of 18,819.99.

New York Mercantile Exchange's main oil contract, light sweet crude for January delivery, was down a cent at $61.21 a barrel from its close of $61.22 in US trading overnight.

Early broker notes:

QUINTAIN ESTATES CUT TO 'NEUTRAL' VS 'BUY' AT MERRILL LYNCH
WORSKPACE CUT TO 'NEUTRAL' VS 'BUY' AT MERRILL LYNCH
TOMKINS STARTED 'UNDERWEIGHT' AT JP MORGAN, PRICE TARGET 215P
RANK GROUP CUT TO 'SELL' VS 'HOLD' AT DEUTSCHE BANK

Happy trading!

G.

Good moning all

one for the "UPS"

Tue, 12 Dec 2006 08:02:14 GMT
Category - UPS
Nickname - Master RSI
Epic - DTK
Mid - 124p
Reason - News today of a further contract win,"The new GPS programme, expands the pilot launched earlier this year to 2 newregions, adding Paris and Marseille", ready for a move up after a large drop lately and Indicators at oversold

SGP 11.25 - 11.75p +1.50p

Doing well for the last two weeks

on a morning when IOT seem to be getting excited on the possibility of a t/o, perhaps you guys would also like to watch SHP (been telling you all for a while) and DOM (good share on fundamentals but has also shot up 15p this morning) and finally, ICI which has broken chart resistance and is also a potential t/o target

Midday Market Roundup

        LUNCH TIME FUN

"UPS" (Added by Master RSI on Tue 12 Dec 02:59 pm)

BFC - Mid 43.75p

Reason - Volume and MMs moving prices higher Stochastic at oversold
2 weeks

3 month

End-of-day Market Roundup

        JOKE OF THE DAY

White Lies
One day a little girl was sitting and watching her mother
do the dishes at the kitchen sink.

She suddenly noticed that her mother has several strands
of white hair sticking out in contrast on her brunette head.

She looked at her mother and inquisitively asked,
“Why are some of your hairs white, Mom?”

Her mother replied, “Well, every time that you do something wrong
and make me cry or unhappy, one of my hairs turns white.”

The little girl thought about this revelation for a while
and then said, “Momma, how come ALL of grandma's hairs are white?”