Hello traders,

In the US tonight, when last I checked, the Dow Jones Industrial Average was up 26 points at 11,407. The Nasdaq Composite fell 9 points to 2,234 and the S&P500 threw off early weakness to trade up 0.35 points at 1,291.

See you in the morning with updates....

G.

Good morning traders!

In Asia today, the Hang Seng closed the morning down 104.01 points at 16,390.83, while the Nikkei was recently down 123.32 points at 16,363.59.

New York's main oil contract, light sweet crude for June delivery, was at $68.75 a barrel, down 66 cents from late New York trade.

Happy trading!

G.

BOOTS UPGRADED TO 'BUY' FROM 'HOLD' AT DEUTSCHE BANK

Good morning all.

Good morning all

One on the move up this morning and ready for the "UPS"
MPH - 22 / 22.50p

Reason - Marked down recently, results are due soon and expected to be very good, directors were buying big lots not so long ago

UPS (Added by Master RSI on Tue 16 May 07:53 am)

DTK - Mid 123p
Reason Today announces a new order received from Belgium. Valued at over $500,000, the order was placed with Dmatek's wholly owned subsidiary Elmo-Tech. High growth company, well undervalued for its cash position and profits forecast

Midday Market Summary

after the event one always wonders either why one took precipitate action or why one didn't when the warning bells first sounded .... lol!!

Mediwatch MDW on the move north. Lots of news to come.

US pre-trading stats are now out, and seem to be moderately well received without setting the world on fire ..... keep your fingers crossed that this presages another up day for DOW and thus for more recovery on FTSE .... and then just hope it is not a 48 hour wonder.

       LUNCH TIME FUN

Two stocks having a good recovery from the lows earlier on the day

APP 33.25 -34p +1.25p
Could be ready for a proper bounce now



GPX 150 / 156p -8p
Though it has bounce back from support 138 /140p this morning, the indicators are not yet ready for a bounce, so most likely will be back to support

        JOKE OF THE DAY

A guy goes to the doctor and the doctor says,
"I'm going to need a urine sample, a semen sample,
a blood sample and a stool sample."
The guy says, "Listen Doc, I'm in a hurry.
Can I just leave my shorts?"



2 irish men find a mirror in the road.
1st one looks in it and says "
I know the face but I cant put a name to it"
2nd one looks in it and says "
its me you fuckin idiot!

LOL!

End-of-day Market Summary