US auto-sales mixed. Home-made not so hot

Transcription

1 US auto-sales mixed Home-made not so hot US March vehicle sales data released yesterday showed an increase in the annualised rate to from February s 16.2 million cars and trucks. However, the jump was due mainly to increases in German and Japanese luxury brands, large trucks and the perennially popular SUV s. Ford, GM and Honda sales shrank and missed estimates. In China Toyota sales slumped by 20.9 per cent taking Q1 sales down by 0.1 per cent from this time last year in their biggest market. Tonight at 8pm ITV will host a 2 hour debate with the leaders of all 7 UK political parties. If anyone still thought May s general election was a two horse race it s high time to re-think. Challenge: name all seven. Nicole Elliott

2 DAX 30 Holding what is becoming an established range while the MACD is not bullish. Best to keep away over the Easter break. DAY TRADER: Square for now. POSITION TAKER: Wondering what will happen in Greece where Easter Sunday is the 12 th April ii

3 FTSE 100 Holding support at 6700 with an increasingly complex chart pattern. Remember not to become complacent. DAY TRADER: Square and wary. POSITION TAKER: Short at 6850; stop above First target 6700, then probably iii

4 S&P 500 If this really is a potential double top chart pattern, its second half should develop more quickly than the first. A weekly close below 2040 will complete and will probably tip the balance for another slump to DAY TRADER: Small short at 2057; stop above Target POSITION TAKER: Will sell on a weekly close below iv

5 BRITISH POUND/US DOLLAR Beginning to look almost comfortable between and while electioneering heats up. DAY TRADER: Hoping to keep out of sterling things until mid-may. POSITION TAKER: Careful with all currencies v

6 EURO/US DOLLAR Consolidating close to multi-year lows but certainly not suffering unduly because of Greece. Expect another push at the 50 per cent resistance level at DAY TRADER: Square. POSITION TAKER: Remember the Rule of 8, now that the euro has dropped against the US dollar for 9 consecutive months vi

7 GOLD Increasingly difficult with jagged and random moves within a very wide, poorly delineated band. DAY TRADER: Small short at 1195; stop above Target POSITION TAKER: Still trading well below trend line resistance that has dominated since April vii

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