The big news last week was the continued weakness in the US. Friday saw the Dow back below the 10,400 mark and this is a market that still remains weak. The next big level is 10,361 - a break below here suggests there is still more downside to come. And rallies are proving to be short lived - there is clear resistance on the intra days around 10,500 - 10,520. We need to see some strength through here to start hinting that maybe the worst is over.

Daily Dow



Intraday Dow




The FTSE has had the odd dip down this month but it keeps managing to claw its way back up. 4765/4785 is the big level to watch on this index and at the moment any weakness back to here is expected to result in a bounve back up above 4800. If 4765 was to get broken, it looks like the rally from lasty August is over and sets up the 4700 mark next. But for now the FTSE is managing to hold its own in the face of sliding US markets.

Daily FTSE



Intraday FTSE

Afternoon all,

An extremely interesting read. I really must try and find the time to visit this thread every sunday afternoon.

"Little Noddy goes to Tinsel Town" will make a nice headline next week... ;-)

INFINEON SEES Q2 REVENUES DECLINING FURTHER AS GLOBAL CHIP DEMAND WEAKENS

PILKINGTON DOWNGRADED TO 'NEUTRAL' VS 'BUY' AT MERRILL LYNCH

Morning.

PLX - Been a fair amount of volume recently ;-)
http://www.uk-wire.com/cgi-bin/articles/200501240700006571H.html

CDN - more for the gold bugs
http://www.uk-wire.com/cgi-bin/articles/200501240700036731H.html

BAG - good recent run for an in line statement?
http://www.uk-wire.com/cgi-bin/articles/200501240700036830H.html

EMA - interesting recent break up, happy with 20+% EPS growth. Hmm.
http://www.uk-wire.com/cgi-bin/articles/200501240700046848H.html

GSD - this has rumbled for some time
http://www.uk-wire.com/cgi-bin/articles/200501240700056861H.html

ARG - an Iraqi winner?
http://www.uk-wire.com/cgi-bin/articles/200501240700046850H.html

SMR - contract win looks very nice
http://www.uk-wire.com/cgi-bin/articles/200501240700076892H.html

SPH - FDA approval
http://www.uk-wire.com/cgi-bin/articles/200501240700076895H.html

ALT - contract renewals
http://www.uk-wire.com/cgi-bin/articles/200501240700096902H.html

ITM - been watching these for a while
http://www.uk-wire.com/cgi-bin/articles/200501240700116913H.html

ILX - nice update for an outfit sitting on a PE<10?
http://www.uk-wire.com/cgi-bin/articles/200501240700136919H.html

MRS - update for those still following it
http://www.uk-wire.com/cgi-bin/articles/200501240700136920H.html

PGN - wonder if this can halt the decline
http://www.uk-wire.com/cgi-bin/articles/200501240700156926H.html

ROC - Friday's price/volume shows someone knew? ;-)
http://www.uk-wire.com/cgi-bin/articles/200501240700166936H.html

BGT - another distribution agreement
http://www.uk-wire.com/cgi-bin/articles/200501240718526952H.html

That seems to be it. Have a good week.

Morning all.