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UK Daily Hotline 
2 September 2014             By S Gale, Analyst
    
    
    
    
    
    
    
    
UK Index Summary
 CloseVolume1 day ChangeP&F TrendStop
FTSE 100 6825.31727.9m+5.56+0.1% Bear 6 Aug 2014 6850.00
FTSE 250 15957.1203.2m+71.41+0.4% Bull 11 Aug 2014 15700.00
FTSE SmallCap Index 4474.0944.6m+6.93+0.2% Bear 14 Apr 2014 4525.00
FTSE All Share 3644.57968.8m+5.03+0.1% Bear 10 Jul 2014 3660.00
Closing prices through Mon Sep 1, 2014

The FTSE opens higher...


The FTSE 100 opened higher this morning, buoyed by mining and engineering stocks as it breaks above short term resistance at 6,830. The next resistance level is at the top of the range at 6,875/6,895.

Stock Action

We open a short position in ITV as it breaks to new price and relative highs. We target 245 and place our stop at 206.

We open a short position in GlaxoSmithKline as it corrects from oversold into price and relative resistance. We target 1,300 and place our stop at 1,540.
Portfolio Update

We highlight our short position in Aviva as it encounters its price and relative top formations

Chart of the day: IAP

We open a short position in ICAP as it becomes overbought into resistance at 380 and encounters its relative downtrend on weak VAD. We target 340 and place our stop at 395.

Portfolio
UK Equity Trading (long/short) Longs
Date Stock Code Type Open Price Current Price % P&L Stop Comment
22 Apr 2014 Daily Mail & General TrustDMGT Long 837 876.5 +4.72%785
28 Apr 2014 Unilever PLCULVR Long 2615 2660 +1.72%2515
28 May 2014 Rolls-Royce Group PLCRR/ Long 1016 1030 +1.38%980
29 May 2014 William Hill PLCWMH Long 355.2 349.8 -1.52%320
18 Jun 2014 Capita Group PLCCPI Long 1151 1224 +6.34%1120
26 Jun 2014 Vodafone Group PLCVOD Long 194.25 206.7 +6.41%188
2 Jul 2014 Antofagasta PLCANTO Long 781.5 780.5 -0.13%735
11 Jul 2014 Capital & Counties Properties PLCCAPC Long 329.1 333.9 +1.46%332
18 Jul 2014 Centrica PLCCNA Long 311.2 322 +3.47%299
29 Jul 2014 Next PLCNXT Long 6690 7185 +7.40%6900
30 Jul 2014 Soco International PLCSIA Long 431 422 -2.09%398
5 Aug 2014 Mitchells & Butlers PLCMAB Long 380.4 417.4 +9.73%395
6 Aug 2014 Tullow Oil PLCTLW Long 728.5 730 +0.21%675
8 Aug 2014 Booker Group PlcBOK Long 129.2 134.6 +4.18%120
11 Aug 2014 Reed Elsevier PLCREL Long 955.5 990 +3.61%920
11 Aug 2014 Smith (DS) PLCSMDS Long 274.2 287.5 +4.85%255
12 Aug 2014 Trinity Mirror PLCTNI Long 187.25 214 +14.29%175
14 Aug 2014 Domino's Pizza UK & IrlDOM Long 580 596.5 +2.84%525
19 Aug 2014 Wolseley PLCWOS Long 3181 3251 +2.20%2960
26 Aug 2014 United Utilities PLCUU/ Long 908 873 -3.85%865
26 Aug 2014 Investec PLCINVP Long 550 549 -0.18%450
1 Sep 2014 ITV PLCITV Long 218.7 218.7 0.00%206
UK Equity Trading (long/short) Shorts
Date Stock Code Type Open Price Current Price % P&L Stop Comment
9 May 2014 John Wood Group PLCWG/ Short 770 778.5 -1.10%820
4 Jul 2014 Sage Group PLCSGE Short 386.1 396.1 -2.59%400
9 Jul 2014 Aviva PLCAV/ Short 493.9 516 -4.47%530
15 Jul 2014 Provident Financial PLCPFG Short 2130 2126 +0.19%2220
25 Jul 2014 United Business Media PLCUBM Short 634 635 -0.16%665
29 Jul 2014 Intermediate Capital GroupICP Short 416.3 410.9 +1.30%432
1 Aug 2014 Spirent PLCSPT Short 98.65 103 -4.41%106
12 Aug 2014 Serco Group PLCSRP Short 330.5 310.4 +6.08%360
19 Aug 2014 Ashmore Group PLCASHM Short 347.4 353.6 -1.78%370
19 Aug 2014 IG Group Holdings PLCIGG Short 633.5 604.5 +4.58%660
19 Aug 2014 TelecityTCY Short 779.5 740.5 +5.00%815
21 Aug 2014 Henderson GroupHGG Short 227.4 231.8 -1.93%240
29 Aug 2014 United Business Media PLCUBM Short 633 635 -0.32%655
1 Sep 2014 ICAP PLCIAP Short 375.2 375.2 0.00%395
1 Sep 2014 GlaxoSmithKline PLCGSK Short 1460 1460 0.00%1540
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