A share for the "UPS"

SEY 2.175p

reason: Rising volume today with the chart showing the form of an INVERTED HEAD & SHOULDERS. Highly geared, talking to banks to bring it down, back by assets and production, company said it had aproaches 3 month back.

5 days

3 month candlestick with volume

3 month Bollinger Bands - 50 days MA - Indicators

Good morning traders!

In the US last night, the Dow was up 235 points at 8,504, the Nasdaq added 52
points at 1,732 and the S&P500 gained 27 points at 910.

In Asia today, the Nikkei was last up 264.64 points at 9,303.33, while the Hang
Seng ended the morning up 515.78 points at 17,538.69.

Crude oil traded at $59.02 a barrel on Nymex.

Happy trading!

G.

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

The US promised to stop short of placing restrictions on executive pay for senior bankers as three of Americas largest banks took the first steps on the road to repaying a collective $45bn (29.3bn) of bail-out funding.
Geithner rethink and TARP plans boost US market

Economists called the end of the credit crunch yesterday as the short-term interest rate that banks charge to borrow from each other fell to a record low on dollar, euro and pound-denominated loans.
Credit crunch has ended, according to Ted and Libor

Mumbai's Sensex index vaulted 17pc in seconds, forcing the closure of the exchange. Car-maker Tata was up 40pc and Reliance rose 37pc. The rupee jumped 2pc against the dollar in the sharpest one-day rise in a decade. Investors were ecstatic that the Congress-led Alliance will no longer have to rely on the "Stalinist" Left to pass legislation.
Indian exchange forced to close on post-election shares surge, but debt crisis looms

As can be seen gasoline is now severely backwardated at the front-end of the curve, while heating oil futures (aka distillate) are still firmly holding on to contango.
Gasoline in severe backwardation

John Paulson, the hedge fund manager who made an estimated $3.7bn (2.4bn) shorting the US housing market ahead of its collapse, is placing a firm bet on a medium-term property recovery with the launch of a new fund.
John Paulson bets on property recovery with new fund

Lehman Brothers Holdings wants to investigate whether the sale of its US brokerage unit to Barclays Capital was undervalued, resulting in a windfall to the UK bank of possibly billions of dollars.
Lehman challenges Barclays valuation

Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazils central bank.
Brazil, China consider superceding dollar

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BLT Merrill Lynch[HB]: reiterated neutral, tp A$35
CKSN Citigroup: reiterated buy, tp raised to 300 from 210
FGP JPMorgan: reiterated overweight, tp raised to 523 from 463
ISYS Morgan Stanley: reiterated equalweight, tp raised to 220 from 165
LAD UBS: reiterated buy, tp cut to 240 from 255
RR. UBS: downgraded to sell from neutral, tp 280
RSA JPMorgan: upgraded to overweight from neutral, tp reiterated 155
SAB ING: reiterated hold, tp raised to 1152 from 1130
TLW UBS: reiterated buy, tp raised to 1015 from 900

End-of-day Market Overview