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US stocks, Despite a profit warning from Nokia and a 1% fall on the Nasdaq the Dow closed nearly unchanged. After the close US Alcoa aluminium kicked off the earnings season with results that failed to meet expectations. General Electric rose after the bell after it won the contract to supply Boeing with engines for its proposed 7E7 jetliner.  BskyB raised to overweight this morning. SkyePharma said it was due to receive a $5 million milestone payment from Endo Pharmaceuticals after the successful clinical trial of a new anaesthetic. EasyJet reported a 16.6 percent rise in March passenger traffic, reflecting new routes and the recovery in demand after the Iraq war PHS Group washroom services said it expected a 21 percent rise in annual profit to around 50 million after a strong performance at its washrooms and crate rentals businesses. Rolls-Royce was named along with General Electric on Tuesday to supply engines for the proposed 7E7, which would be the first all-new plane offered by Boeing in a decade Austin Reed sales were flat in the first nine weeks of the financial year, they reported profit of 1.2 million pounds for the year down from 7.5 million. Annual sales fell 4.2 percent to 111.9 million pounds.

Calendar: United Kingdom	United States (GMT)	Europe & World (GMT)
James Beattie (F), Brammer (F), Kiln (F) Huveaux (AGM), Rio Tinto (AGM) EasyJet (Traffic Update)	Abbott Laboratories Q1, Yahoo 13:30 Export Prices ex-ag. Mar - 0.6% - 13:30 Import Prices ex-oil Mar - 0.4% 20:00 Consumer Credit Feb - $14.3B	Carrefour SA Q1 Sodexho Alliance SA H1
Ex Dividend: Davis Service Group 10.60p (375.00), Provident Financial 19.90p (734.50), Pittards 0.50p (48.00), WH Ireland Group 0.75p (78.50), Photo-Scan 3.90p (118.50), Atlantic Global 0.70p (70.00), NEX (17.5p); RNK (9.3p); IMI (9.5p).

Data Download	Calendar	US Zone	HTML Edit		Currency Calc			Broker Upgrades	Director Dealings
David@SnappyTrader.com    www .SnappyTrader.com		Pre Market Futures	FTSE +4	DAX +1	DOW -19	S&P -1.9	NAS -2	Tips & Recommendations

Morning all (just!)

Been out since FTSE close, and amazed by the dow.

I was surprised by this: Rebels on top in Eurotunnel battle

Beleaguered Channel Tunnel group Eurotunnel said rebel shareholders had the upper hand in a battle that could see the board overthrown. Eurotunnel said in a statement that maverick financier Nicolas Miguet, a leading member of the rebels, had secured proxy votes representing 17.72% of the company's current share capital. Proxy votes held by the chairman of the French arm of Eurotunnel and mandates held by the company's board members only amounted to 8.3% of the share capital.

Updated 4/6 for Wednesday's market.
Key DOW Levels for 4/7
UP Current Trend
DN Below 10,500

Holding
Dow pulls back off highs, but holds overall gains.

From prior commentary, "...look for the index to continue trending higher within the current uptrend until this line is violated. That is, the Dow should still be considered bullish above 10,450..."
The Dow got an early pull-back off the highs this morning, which made for early weakness in the market. However, the index held firmly above 10,450 throughout the session, eventually trending slowly higher to the Close, as seen in the 15 and 60 Minute Charts.

The 60 Minute Chart shows that the Dow continues to trade higher within the steep uptrend. As mentioned before, we will likely see further upside movement within the trend until the lower trend line is crossed. A downside break of the line at 10,500 will likely make for an overdue retracement. Otherwise, further upside will be seen above this line.

Short Term Dow

Short term, the Dow has formed a tight range at the highs of the 5 Minute Chart from 10,540 to 10,570. Watch for a break from this range for direction tomorrow morning.

Medium Term Dow

In the medium term, we closed Longs this morning at 10,515, giving us a 5 point loss for the trade. No other trades were triggered and we are now out of the market. We will now watch 10,500 for Shorts tomorrow and will continue to stand aside on Longs until further developments arise.

NASDAQ & S&P

The NASDAQ and S&P each pulled back off their respective highs today, but continue to hold in the overall uptrend. Look for signs of further upside movement, unless the clear lower lines are crossed. *

Summary

The Dow pulled back off the highs today, but resumed its steady rise late in the session, as the index continues trending higher within the steep uptrend. Look for continued strength above 10,500 tomorrow, unless this level is violated.

Morning all

WED FTSE PP

R2 4510
R1 4491
PP 4477
S1 4458
S2 4443

The Ftse closed just above its pp after gaining 1.4pts in the auction with the dow at 10519! All down to the dow to hold above 10500 for cont strength, uptrend at 65 and top of downtrend off Tue high at 74, will be watching these levels for direction!IMHO

Morning all

Morning all. Nice to see EZJ traffic up by 16.6%.

Morning Druid
Took an early 2 points from RR. Good start.
Now off to London.
Have a good day!
D.

Morning Croc.

MOrning all

the PSN stop loss has kicked in - at about 50% profit in just over 3 months - plus I get to keep the dividend. Need to find another chance go go back in at a later date.

Another share's stop loss has kicked in, not held long, and the profit is tiny. I didn't really want to sell this share, but hopefully will go back in again sometime - Lots of money now in cash. I'm going to leave it in cash for a while and see what the market does, especially as I'm out most of today!

lw - you can't go wrong "taking a profit".Hope you can get back in at a lower level. (I seem to remember you selling ETL at around 70p a few months ago).

Morning all,

Just winding down for an Easter Holiday now.
Got a lot of things to do before tomorrow so won't be posting
or trading much, if at all, for a bit.

Indices are all close to yearly highs, unless we break out
higher I'm still watching for a lower swing high and a further
retracement.
Doesn't matter to me which way it heads, I'll just trade with it,
so as most folk on this board are long investors I hope it breaks
higher for you.

Watch your take profit stops near these levels, remember the market
will always be here and you can always buy them back, hopefully cheaper.
Good luck all, and enjoy your Easter Holidays, the market will still
be here when you get back with recharged batteries,so forget about
it for a while. :-))

Melnibone.

Have a nice Easter Weekend Melnibone.

Back now for a little while - I have a special delivery item which I can't make up my mind if I should go and collect or ask for it to be redelivered!

I'm very tempted to get back into ETL, but with all this uncertainty, I'm sitting back at the moment - waiting to see what happens

lw - yes - a lot of uncertainty with ETL at the moment.