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UK Daily Hotline 
10 July 2014             By S Gale, Analyst
    
    
    
    
    
    
    
    
UK Index Summary
 CloseVolume1 day ChangeP&F TrendStop
FTSE 100 6718.04667.9m-20.41-0.3% Bull 22 Oct 2013 6500.00
FTSE 250 15549.6241.7m-102.85-0.7% Bull 1 Jul 2014 15350.00
FTSE SmallCap Index 4448.3570.5m-19.79-0.4% Bear 14 Apr 2014 4525.00
FTSE All Share 3583.13972.9m-12.92-0.4% Bull 30 Apr 2014 3560.00
Closing prices through Wed Jul 9, 2014

The FTSE 100 tipped to open slightly higher this morning

PRE-OPEN REPORT: The headline index is tipped to open slightly higher this morning, according to financial websites, with investors caution ahead of the BoE rate decision at noon today....

US & ASIA

In the US last night, the Dow rose 79 points to 16,986, the Nasdaq added 28 points at 4,419 and the S&P 500 gained 9 points at 1,973.

In Asia today, the Nikkei was recently down 25 points at 15,277 and the Hang Seng ahead 64 points at 23,240.

WTI crude oil traded at $102.29 a barrel and Brent at $108.28.

Gold settled at $1,323 an ounce.

LONDON MARKETS

In the corporate diary today, interim results are due from Low & Bonar.

Final results are scheduled from Supergroup.

Trading statements are expected from Ashmore Group, Associated British Foods, Barratt Developments, Bloomsbury Publishing, Burberry, Grafton Group Units, Halfords Group, Hays and Premier Oil.

The Biotech Growth Trust, Martin Currie Pacific Trust, Maven Income & Growth VCT, Metal Tiger, Northcote Energy, Telford Homes and Wynnstay Properties host their AGMs

Stock Action

We highlight Aviva develops price and relative tops with negative momentum divergence. We target 430 and place our stop at 530.

We highlight Laird as it tests recent lows on bearish VAD. 

We highlight Rentokil Initial as it finds medium term uptrends on price and relative support on improving VAD.

Portfolio Update

We close our short position in International Consolidated Airlines as it becomes oversold into price and relative support.

We close our long trade in Amlin as it develops potential price and relative tops.
The comment yesterday regarding our stoploss on IPF should have read 610.
Chart of the day: SMDS

We highlight DS Smith as it becomes oversold into price support, with improving VAD.

Portfolio
UK Equity Trading (long/short) Longs
Date Stock Code Type Open Price Current Price % P&L Stop Comment
17 Apr 2014 Whitbread PLCWTB Long 4055 4259 +5.03%3770
22 Apr 2014 Daily Mail & General TrustDMGT Long 837 820 -2.03%785
28 Apr 2014 Unilever PLCULVR Long 2615 2637 +0.84%2515
8 May 2014 United Business Media PLCUBM Long 669 654 -2.24%645
9 May 2014 Segro PLCSGRO Long 363.7 346.2 -4.81%340
28 May 2014 Rolls-Royce Group PLCRR/ Long 1016 1046 +2.95%980
29 May 2014 William Hill PLCWMH Long 355.2 333.1 -6.22%320
5 Jun 2014 Bellway PLCBWY Long 1436 1514 +5.43%1330
12 Jun 2014 Micro Focus Intl PLcMCRO Long 848 843.5 -0.53%805
17 Jun 2014 RightmoveRMV Long 2169 2127 -1.94%2090
18 Jun 2014 BP PLCBP/ Long 514.4 508 -1.24%494
18 Jun 2014 Capita Group PLCCPI Long 1151 1132 -1.65%1120
19 Jun 2014 Weir GroupWEIR Long 2688 2685 -0.11%2540
26 Jun 2014 Vodafone Group PLCVOD Long 194.25 191 -1.67%188
27 Jun 2014 Compass Group PLCCPG Long 1016 1024 +0.79%975
2 Jul 2014 Antofagasta PLCANTO Long 781.5 817.5 +4.61%735
8 Jul 2014 Catlin Group LtdCGL Long 550.5 545.5 -0.91%525
UK Equity Trading (long/short) Shorts
Date Stock Code Type Open Price Current Price % P&L Stop Comment
25 Mar 2014 British Sky Broadcasting PLCBSY Short 927.5 883.5 +4.74%955
8 May 2014 Hunting PlcHTG Short 832.5 830.5 +0.24%875
9 May 2014 John Wood Group PLCWG/ Short 770 769 +0.13%820
15 May 2014 Ophir Energy PLCOPHR Short 253.4 212 +16.34%270
20 May 2014 Pearson PLCPSON Short 1156 1109 +4.07%1220
28 May 2014 Anglo American PLCAAL Short 1527.5 1505 +1.47%1610
2 Jun 2014 Close Brothers Group PLCCBG Short 1296 1245 +3.94%1380
11 Jun 2014 Electrocomponents PLCECM Short 275.9 257 +6.85%286
23 Jun 2014 Royal Bank of Scotland Group PLCRBS Short 330 316.2 +4.18%355
27 Jun 2014 BG Group PLCBG/ Short 1246.5 1205.5 +3.29%1315
30 Jun 2014 RSARSA Short 474.8 469.3 +1.16%500
4 Jul 2014 Sage Group PLCSGE Short 386.1 377.5 +2.23%400
4 Jul 2014 IG Group Holdings PLCIGG Short 588.5 575.5 +2.21%610
4 Jul 2014 Experian Group LtdEXPN Short 1021 997 +2.35%1065
8 Jul 2014 International Personal Finance PlcIPF Short 570 569 +0.18%610
9 Jul 2014 Aviva PLCAV/ Short 493.9 493.9 0.00%530
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