1 Day     2 Day   5 Day   UK News			Gold/Bond Pivots Markets  Futures Translate
		Day 2 Day 5 Day US News		S&P Futures
Nikkei -31 Hang Seng -29  Asia News		DAX    CAC     Euro News

US Stocks fell back after weaker-than-expected economic news and worries about Friday's monthly employment report. Carphone Warehouse expects to report pre-tax profit for the year at the top end of forecasts and forecast a strong year ahead. Its 'Talk Talk' service in competition wuth BT saw a 29.6 percent growth in connections to 1.44 million during the last quarter, with subscription connections growing 32.4 percent to 0.66 million. National Grid Transco expects year earnings to rise in line with forecasts, due partly to cost savings Severn Trent said its performance in the year was good, as capital investments remained in line with its expectations and output stayed on target. Capital Radio said its radio revenues are up by three percent for the six months to the end of March and said it expects "modest revenue growth" in April based on forward bookings. Celltech said the European Medicines Evaluation Agency had accepted Xyrem, the company's treatment for narcolepsy for review. MMo2 broker upgrade

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
Alizyme (F), Christie Group (F), IFG Group (F), UCM Group (F), Capital Radio (Trading) CBI Monthly Distributive Trades Survey (10:30) CIPS manufacturing index (08:30) UK's Treasury questions in House of Commons (10:30)	Goodyear Q4 18:00 Auto Sales Mar - 5.5M 18:00 Truck Sales Mar 7.9M 14:30 Initial Claims 03/27 340K 16:00 Construction Spending Feb 0.1% 16:00 ISM Index Mar 59.8	Hugo Boss AG Aareal Bank AG Scor SA

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +10	DAX +5	DOW Unch	S&P +1.1	Nas +1.5	Tips & Recommendations

Morning all, sorry for the page not loading earlier. This was due to the clock freezing the page.

Updated 3/31 for Thursday's market.
Key DOW Levels for 4/1
UP Above 10,400
DN Below 10,300

Holding
Dow trades quietly sideways, stays above resistance.

From prior commentary, "...The Dow got the upside break late in the day, which fueled a solid push higher to the Close. Look for continued strength above 10,300 tomorrow, unless this level is crossed to the downside..."
The Dow traded mostly sideways the entire session today, staying above the key 10,300 level throughout, as seen in the 15 and 60 Minute Charts. The index looks to be gearing up for another solid push, however, we must wait for a break through either 10,300 or 10,400 before we act.

A downside break below 10,300 will likely push the index back down toward 10,200 or beyond, while an upside break through 10,400 could spark a move toward 10,600. The Dow may continue trading sideways within the 10,300 to 10,400 window before a break either way is seen, however.

Short Term Dow

Short term, the Dow has formed a clear trend line across the highs of the late-day decline, seen in the 1 Minute Chart. An upside break through the line at 10,365 will make for strength at the Open.

Medium Term Dow

In the medium term, we closed overnight Longs today at the entry, giving us a breakeven trade. We later re-entered Long at 10,400, but stopped out with a 20 point loss. We are now out of the market and will watch 10,400 up, and 10,300 down, with 20 point stops.

NASDAQ & S&P

The NASDAQ and S&P each traded sideways throughout the session today, ending the day slightly lower. Look for continued sideways movement until a clear and solid break from the range occurs. *

Summary

The Dow continues to hold above the 10,300 level, which implies sustained strength. However, should the index break below this level, look for a sharp decline to follow. An upside push through 10,400 will make for another solid rally.

THURSDAYS FTSE PP

R2 4443
R1 4414
PP 4399
S1 4370
S2 4354

Ftse closed under s1 on Wed, gained .1 in the auction so zero clues there! Break of uptrend off last week, bearish dow 10360 with comformation of trend change through 10300, 60 min sigs on ftse now bearish 4409 cash and 2 day chart bearish sub 4405, break through these levels may warrant longs imho, pos fresh month buying may help, but for Thu i,m taking short sigs unless upper figs broken to the upside!IMHO

Thanks TP

Mel

I assume you are still watching SKP (you may even have bought last nights dip back below 60p) they announced this am that they are still negotiating the deals and that the reults and annoucnements will be on or before April 29th - ie they will announce when all the deals are done or wait until the last day of the 120 days they have after the financial year end. Quite fitting for SKP it was announced on the morning of April 1st!!!!! As I said before i believe the share price will be solely determined by the announcement and the quality of the three deals and when they are achieved - yet again it appears they are struggling to meet their self-imposed timescales - still holding but even more nervously now.

Morning all

PSN have having yet another (3rd occassion) at breaking 7.00!

Hi Fundamentalist.

SKP moved too rapidly off the 60p support for me to get the entry
point on the news.

I'm afraid it's now in no-mans land between support and resistance,
so my trading discipline won't allow me to take a position.

They are certainly taking this to the wire!
Hope it all comes good for your LTBH position.
If they get the deals nailed down OK, you will be on a nice
little earner. If it all pans out it could easily go over 80p.
Fingers crossed for you, if it comes good I'll wait for a profit taking
retracement and then take a position if the overall market is positive.

Melnibone.

anyone know why BSB so weak recently?

martin - overvalued at 13 Billion?

It looks lik PSN has broken 7.00

re BSB: genuine growth story, though, and no obvious news recently - not that i've heard anyway!

It has gone ex-div if that helps as far as I know - IF you mean
brit-sky-broadcasting.

Ignore my last offering - just realised wrong epic!!