Shrewd Investing

[berge]

nice board..with some good stocks...surprised you don't get more posts. I'm watching IMMU, IMGN, SUPG, and PLXT, among a few others.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 20, 2004 – updated daily

Profit taking and a further increase in oil prices were the main reasons for stocks to yesterday give back a portion of their recent gains. For today U.S. stock futures are indicating a lower start to today’s trading.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: LWSN; MANU; RHAT.
Watch Stocks: YAKC.
Possible Trend Reversals: NMSS; UBET; HPQ; MTRX; RFMD PLXT; SGTL; HELX; ARRS; ROG; CGNX; IDEV; SSTI; UTSI; ARTX; VISG; ANDW; OVTI; CMGI; GLW; EFGI; PACR; LSCO; SWKS; RDWR; CMGI; ALVR; MAMA; DRIV; WEBX; JCOM; MSPD; PTIX; AMCC; ADRX; MVL; MOSY; IDWK; LSCP.
Failures: EYE; CORI; CYTK; RETK; EFII; STKL; ECLG; APOL;.
Deletions: IWOV; HILL; CKFR; EBKR; CNXT; LSI; SANM; TKO; AVNX; TFSM

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities particularly if you get to know the stocks and chart their daily trading pattern.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% is required for a stock to move between the above categories.
5. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2371
Update Time : 08:15GMT

Euro's early rebound from 1.2283 suggests upside bias is seen for recent upmove from 1.1968 to resume, however, 'loss of momentum' would prevent further strong rise and reckon chart resistance at 1.2462 would remain intact and yield correction.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY GBP/USD OUTLOOK - +1.8310+
======================================================
Update Time : 2004/08/20 07:37GMT

Although cable has moved sideways, as long as 1.8295 holds, bullishness remains for y'day's strg rebound fm 1.8197 to bring re-test of 1.8346 res, abv wud extend gain to 1.8370/75 but reckon 1.8400 wud cap upside n yield retreat later.

Buy pullback with stop below there, break wud risk stronger retrace. but 1.8250/56 sup wud hold..

Rate: +1.8310+
Strategy: +Hold long+
Position: +Long at 1.8310+
Objective: 1.8345
Stop-Loss: 1.8285
Resistance: 1.8346/1.8438/1.8468
Support: 1.8295/1.8250/1.8197


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/YEN CROSS OUTLOOK - 135.02
======================================================
Update Time : 2004/08/20 07:59GMT

Despite euro's recovery fm 134.70, upside wud be ltd to 135.65/70 n yield resumption of this wk's decline fm 137.07 to retrace upmove fm 132.86 for weakness twds 134.42 sup, however, loss of momentum wud keep price abv 134.00 n bring rebound 'later'.

Hold short, stop at break-even n exit on decline, then turn long for 135.40 but 136.00 wud hold

Rate: 135.02
Strategy: 1.Hold short n 2.Buy at 134.50
Position: 1.Short @ 135.50
Objective: 1) 134.50 n 2) 135.40
Stop-Loss: 1) 135.50 n 2) 133.95
Resistance: 135.50/136.00/136.66
Support: 134.70/134.42/133.72


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 406.50
======================================================
Update Time : 2004/08/20 00:43GMT

As long as 405.10 holds, outlook remains supportive for recent upmove to bring test of 408.70 res, abv wud extend gain twds 411.00 next week.

Hold long, stop below said sup, break wud risk retrace. to 401/402 b4 prospect of another rise...

Rate: 406.50
Strategy: Long at 403.00
Position: Long at 403.00
Objective: 408.00
Stop-Loss: 405.00
Resistance: 407.75/408.70/410.00
Support: 404.50/401.70/400.60


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY USD/YEN OUTLOOK - +109.15+
Update Time : 2004/08/19 17:28GMT

As has remained under pressure, suggesting down side bias remains for nr term decline fm 112.10 to extend marginal weakness to 109.10/15 but reckon 108.80/85 wud hold due to loss of momentum n bring rebound later.

Hold short, stop as indicated, break wud risk stronger recovery but 110.18 shud remain intact...

Rate: +109.15+
Strategy: +Target met+
Position: Short at 109.50
Objective: 109.15
Stop-Loss:
Resistance: 109.63/110.18/110.61
Support: 109.00/108.62/108.10


INTRA-DAY AUD/USD OUTLOOK - +0.7180+
Update Time : 2004/08/19 09:16GMT

As aussie has penetrated 0.7168 res, suggesting consolidation with upside bias is seen for rebound to 0.7180/85, however, price needs to break abv 0.7197 to signal recent upmove fm 0.6932 has resumed for further gain to 0.7215/20.

Hold long, stop as indicated but below 0.7130 is needed to risk stronger retrace. to 0.7105/10.

Rate: +0.7180+
Strategy: +Target met+
Position: Long at 0.7150
Objective: 0.7180 1st
Stop-Loss:
Resistance: 0.7197/0.7226/0.7245
Support: 0.7130/0.7103/0.7058


DAILY AUD/USD OUTLOOK - +0.7215+
Update Time : 2004/08/19 10:21GMT

A$'s rebound after holding abv 0.7130 suggests pullback fm 0.7197 has 'possibly' ended there n upside bias is seen for a resumption of recent upmove fm 0.6932 after minor consolidation n yield gain to 0.7215/20 but reckon 0.7245 wud hold fm here.

Hold long, stop below 0.7130, break risks 0.7095/00 but sup at 0.7058 wud hold n yield rebound...

Rate: +0.7215+
Strategy: +Target met+
Position: Long at 0.7150
Objective: 0.7215
Stop-Loss:
Resistance: 0.7269/0.7320/0.7348
Support: 0.7168/0.7130/0.7096


DAILY NZD/USD OUTLOOK - +0.6700+
Update Time : 2004/08/19 14:31GMT
DAILY NZD/USD OUTLOOK - +0.6700+

As kiwi has risen after early retreat to 0.6626, suggesting recent upmove wud extend gain to 0.6705/10 b4 prospect of retreat due to loss of momentum.

Hold long, stop now at break-even but below 0.6618 is needed to signal temp. top seen, 0.6595...

Rate: +0.6700+
Strategy: +Target met+
Position: Long at 0.6645
Objective: 0.6700
Stop-Loss:
Resistance: 0.6706/0.6760/0.6797
Support: 0.6620/0.6595/0.6562


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6750+
Update Time : 2004/08/19 14:14GMT

As euro has retreated fm 0.6783, suggesting consolidation with downside bias is seen for a correction of recent upmove to 0.6742 sup, however, below is needed to abort daily bullishness n risk stronger retrace. to 0.6720/25.

Exit long, n sell on recovery, stop as indicated, break wud extend one more rise to 0.6795/00.

Rate: +0.6750+
Strategy: +Target met+
Position: Short at 0.6770
Objective: 0.6750
Stop-Loss:
Resistance: 0.6797/0.6815/0.6823
Support: 0.6742/0.6710/0.6685



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar retreated on renewed geopolitical risks
======================================================

Dollar lost ground broadly on Thursday due to more violence in Iraq, record high oil prices, as well as weaker than expected Philadelphia Fed survey for August and U.S. leading indicator for July. The Philly index fell to 28.5 from previous month's 36.1. The leading indicator fell by 0.3% m/m, worse than the expectation of -0.2%.

The Nymex crude futures rose by 3% to a record high at $48.80 per barrel while the gold also surged to a three-month high at 407.75.

Euro and cable rose to 1.2379 and 1.8346 while the greenback fell to 1.2400 and 109.06 against the Swiss franc and Japanese yen.

Friday will see the release of Japan all industry index, French GDP, as well as E-12 current and trade balance.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today ( )
======================================================
Time Country Indicator
0645 France GDP Q2
0800 E-12 Trade balance Jun
0800 E-12 Current account Jun


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 109.32
Update Time : 01:05GMT

As dollar has remained under pressure due to cross buying in yen, suggesting erratic decline from 112.79 to retrace upmove from 107.02 remains in force and although marginal weakness is likely, loss of momentum would keep price well above pivotal sup at 108.10 and yield rebound later, however, res at 110.61 is expected to remain intact...

======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON USD/CHF
======================================================
Last Update At : 2004/08/19 23:48

USD/YEN - 109.51..Dlr remained under pressure yesterday in part due to renewed cross buying in yen, dampening our bullish prospect of a rebound n we made a special update at 05:13GMT to exit daily long position at break-even.

Looking at the bigger picture, recent erratic decline fm 112.49 to retrace upmove fm 107.02 remains in force n although further weakness to 108.80/85 is likely, as both 15 min. n hourly oscillators wud display 'prominent' bullish convergences on such move, suggesting steep fall is unlikely to be seen n reckon 108.50 wud hold, yield much needed correction but abv 110.18/22 (prev. res n 38% r of 112.10) is needed to confirm low is made, extend gain twd res at 110.61 res, which is expected to hold on 1st testing.

Today, we are buying dollar on next fall in anticipation of rebound to 109.60 n if dollar recovers to 109.80 (38% r of 111.01 to 109.06) 1st, sell there for resumption of decline to 108.80/90.

Only a firm break below pivotal sup at 108.10 wud signal decline fm 114.90 has resumed n yield eventual re-test of 107.02 low...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY USD/YEN OUTLOOK - +109.15+
Update Time : 2004/08/19 17:28GMT

As has remained under pressure, suggesting down side bias remains for nr term decline fm 112.10 to extend marginal weakness to 109.10/15 but reckon 108.80/85 wud hold due to loss of momentum n bring rebound later.

Hold short, stop as indicated, break wud risk stronger recovery but 110.18 shud remain intact...

Rate: +109.15+
Strategy: +Target met+
Position: Short at 109.50
Objective: 109.15
Stop-Loss:
Resistance: 109.63/110.18/110.61
Support: 109.00/108.62/108.10


INTRA-DAY AUD/USD OUTLOOK - +0.7180+
Update Time : 2004/08/19 09:16GMT

As aussie has penetrated 0.7168 res, suggesting consolidation with upside bias is seen for rebound to 0.7180/85, however, price needs to break abv 0.7197 to signal recent upmove fm 0.6932 has resumed for further gain to 0.7215/20.

Hold long, stop as indicated but below 0.7130 is needed to risk stronger retrace. to 0.7105/10.

Rate: +0.7180+
Strategy: +Target met+
Position: Long at 0.7150
Objective: 0.7180 1st
Stop-Loss:
Resistance: 0.7197/0.7226/0.7245
Support: 0.7130/0.7103/0.7058


DAILY AUD/USD OUTLOOK - +0.7215+
Update Time : 2004/08/19 10:21GMT

A$'s rebound after holding abv 0.7130 suggests pullback fm 0.7197 has 'possibly' ended there n upside bias is seen for a resumption of recent upmove fm 0.6932 after minor consolidation n yield gain to 0.7215/20 but reckon 0.7245 wud hold fm here.

Hold long, stop below 0.7130, break risks 0.7095/00 but sup at 0.7058 wud hold n yield rebound...

Rate: +0.7215+
Strategy: +Target met+
Position: Long at 0.7150
Objective: 0.7215
Stop-Loss:
Resistance: 0.7269/0.7320/0.7348
Support: 0.7168/0.7130/0.7096


DAILY NZD/USD OUTLOOK - +0.6700+
Update Time : 2004/08/19 14:31GMT
DAILY NZD/USD OUTLOOK - +0.6700+

As kiwi has risen after early retreat to 0.6626, suggesting recent upmove wud extend gain to 0.6705/10 b4 prospect of retreat due to loss of momentum.

Hold long, stop now at break-even but below 0.6618 is needed to signal temp. top seen, 0.6595...

Rate: +0.6700+
Strategy: +Target met+
Position: Long at 0.6645
Objective: 0.6700
Stop-Loss:
Resistance: 0.6706/0.6760/0.6797
Support: 0.6620/0.6595/0.6562


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6750+
Update Time : 2004/08/19 14:14GMT

As euro has retreated fm 0.6783, suggesting consolidation with downside bias is seen for a correction of recent upmove to 0.6742 sup, however, below is needed to abort daily bullishness n risk stronger retrace. to 0.6720/25.

Exit long, n sell on recovery, stop as indicated, break wud extend one more rise to 0.6795/00.

Rate: +0.6750+
Strategy: +Target met+
Position: Short at 0.6770
Objective: 0.6750
Stop-Loss:
Resistance: 0.6797/0.6815/0.6823
Support: 0.6742/0.6710/0.6685



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 19, 2004 – updated daily

Markets rose sharply on Wednesday as technology stocks continued their rebound. For today U.S. stock futures are currently indicating a weak opening but watch for the weekly employment data due to be released before the opening bell and then 30 minutes after the bell the index of leading indicators for July.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: YAKC.
Watch Stocks:.
Possible Trend Reversals: NMSS; UBET; HPQ; MTRX; RFMD; DHB; PLXT; EYE; CORI; CYTK; SGTL; RETK; EFII; HELX; ARRS; ROG; CGNX; STKL; TFSM; IDEV; SSTI; UTSI; ARTX; VISG; ANDW; OVTI; CMGI; GLW; EFJI; ECLG; PACR; LSCP; DSPG; SWKS; TKO; AVNX; RDWR; SANM; CMGI; ALVR; MAMA; LSI; DRIV; WEBX; CNXT; JCOM; EBKR; MSPD; PTIX; AMCC; ADRX; MVL; CKFR; APOL; MOSY; HILL; IDWK; IWOV; LSCP.
Failures:
Deletions: EMA; EVCI; LOUD; IVAC

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities particularly if you get to know the stocks and chart their daily trading pattern.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% is required for a stock to move between the above categories.
5. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2353
Update Time : 08:15GMT

As euro has rebounded after finding support at 1.2283, suggesting price would remain inside recent established broad range and reckon resistance at 1.2390 would hold and yield retreat, however, below said support is needed to signal a retracement of upmove from 1.1968 is under way but 1.2175 would remain intact.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/USD OUTLOOK - +1.2355+
======================================================
Update Time : 2004/08/19 08:43GMT

Although euro has penetrated minor res at 1.2351 n further gain to 1.2370/75 is likely, outlook is 'consolidative' n reckon upside wud be capped below res at 1.2390, yield a retreat to indicated obj. later today.

Venture selling with stop as indicated n take profit on decline as 1.2305/10...

Rate: +1.2355+
Strategy: Turn short at+1.2365+
Position:
Objective: +1.2330+
Stop-Loss: 1.2395
Resistance: 1.2366/1.2390/1.2462
Support: 1.2283/1.2263/1.2205


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY AUD/USD OUTLOOK - 0.7168
======================================================
Update Time : 2004/08/19 07:49GMT

A$'s rebound after holding abv 0.7130 suggests pullback fm 0.7197 has 'possibly' ended there n upside bias is seen for a resumption of recent upmove fm 0.6932 after minor consolidation n yield gain to 0.7215/20 but reckon 0.7245 wud hold fm here.

Hold long, stop below 0.7130, break risks 0.7095/00 but sup at
0.7058 wud hold n yield rebound...

Rate: 0.7168
Strategy: Hold long
Position: Long at 0.7150
Objective: 0.7215
Stop-Loss: 0.7125
Resistance: 0.7197/0.7226/0.7245
Support: 0.7130/0.7096/0.7058


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 404.30
======================================================
Update Time : 2004/08/19 00:32GMT

As gold has risen after finding renewed buying at 401.70, bullishness remains for recent upmove to extend gain twd 408.70 chart res b4 correction.

Hold long, stop below said sup, break wud risk retrace. to 399.00 b4 prospect of a strg rebound...

Rate: 404.30
Strategy: Long at 403.00
Position: Long at 403.00
Objective: 408.00
Stop-Loss: 401.50
Resistance: 405.10/407.80/408.70
Support: 401.70/400.60/399.10


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2340+
Update Time : 2004/08/18 19:11GMT

Euro's present rebound fm 1.2283 suggests intra-day low has possibly been formed there n consolidation with upside bias twds 1.2366 res is seen, but abv is needed to signal recent upmove has resumed n yield 1.2390 1st.

Trade fm long side with stop as indicated, below wud risk stronger correction to 1.2255/60...

Rate: +1.2340+
Strategy: +Target met+
Position: Long at 1.2305
Objective: 1.2340
Stop-Loss:
Resistance: 1.2366/1.2390/1.2462
Support: 1.2284/1.2263/1.2205


INTRA-DAY USD/YEN OUTLOOK - +109.40+
Update Time : 2004/08/18 17:01GMT

As dlr has eased after holding below indicated res at 109.90/95 holds, mild downside bias remains for marginal weakness to 109.30/35, however, loss downward momentum wud keep price abv 109.10/15 n bring rebound later today.

Hold short for 109.40, then turn long at 109.35 for 109.70. Abv said res signals low seen, 110.18..

Rate: +109.40+
Strategy: +1.Target met+ n 2. buy at 109.35
Position: 1.Short @ 109.70
Objective: 1) 109.40 n 2) 109.70
Stop-Loss: 25 points
Resistance: 110.18/110.61/111.01
Support: 109.27/108.62/108.10


INTRA-DAY USD/YEN OUTLOOK - +109.80+
Update Time : 2004/08/18 06:20GMT

Despite dlr's early recovery fm 109.81, as long as 110.25/30 holds, intra-day downside bias remains for erratic decline fm 112.49 to resume n extend weakness to 109.80 n possibly 109.60 b4 prospect of a strg rebound due to loss of momentum.

Hold short for st trade, stop at 110.35, abv wud signal low is made n yield rebound to 110.61...

Rate: +109.80+
Strategy: +Target met+
Position: Short at 110.10
Objective: 109.80
Stop-Loss:
Resistance: 110.61/111.01/111.25
Support: 109.81/109.27/109.11


EUROPEAN CLOSING USD/CHF OUTLOOK - +1.2460+
Update Time : 2004/08/18 16:29GMT

As dlr has maintained a firm undertone, suggesting caution on our bearishness n 1.2525/30 must hold for prospect of retreat to retrace y'day's upmove fm 1.2377 later today, below 1.2465 wud signal intra-day top is made n yield 1.2440/45.

Hold short with stop as indicated, abv wud risk stronger correction of recent decline to 1.2550/55.

Rate: +1.2460+
Strategy: +Target met+
Position: Short at 1.2500
Objective: 1.2460
Stop-Loss:
Resistance: 1.2514/1.2547/1.2630
Support: 1.2405/1.2377/1.2315


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6770+
Update Time : 2004/08/18 19:15GMT

Although euro has continued to trade narrowly below 0.6760 res, as long as 0.6740 holds, recent rise to retrace intermediate decline fm 0.7088 wud resume for further gain to 0.6770/75 but loss of momentum wud cap price below 0.6790/95.

Hold long, stop as indicated, break wud signal temp. top has been formed n risk 0.6720/25...

Rate: +0.6770+
Strategy: +Target met+
Position: Long at 0.6745
Objective: 0.6770
Stop-Loss:
Resistance: 0.6768/0.6797/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/YEN CROSS OUTLOOK - +135.40+
Update Time : 2004/08/18 07:23GMT

Despite early rebound fm 135.48, as long as indicated res at 136.00 holds, intra-day downside bias remains for nr term decline fm 137.07 to resume n bring one more fall twd 135.30/35 b4 prospect of a rebound
later today.

Hold short for st trade, stop abv there, break wud risk 136.20/25 but
136.55 shud hold...

Rate: +135.40+
Strategy: +Target met+
Position: Short at 135.80
Objective: 135.40
Stop-Loss:
Resistance: 136.00/136.66/137.07
Support: 135.48/135.14/135.00


GBP/YEN DAILY CROSS OUTLOOK - +200.20+
Update Time : 2004/08/18 12:57GMT

Although stg's decline fm 204.79 to retrace upmove fm 194.55
remains in progress, loss of momentum wud keep price abv 199.65/70 n yield rebound.

Hold short at 201.20, stop 200.65 for 200.20 n then buy at 200.20 for 201.20, stop 199.55...

Rate: +200.20+
Strategy: +1)Target met+ n 2) Buy at 200.20
Position: +1) Short at 201.20+
Objective: 1) 200.20 n 2) 201.20
Stop-Loss: 65 points
Resistance: 201.83/202.67/203.59
Support: 200.47/199.67/198.46


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or
completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the
consequences of such activities. Trendsetter and its affiliates, in no
event, be liable to users or any third parties for any consequential
damages, however arising, including but not limited to damages
caused by negligence whether such damages were foreseen or
unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar maintains a firm undertone on speculation
of Fed rate hike
======================================================
Dollar continued to edged higher against the European currencies but was under pressure versus the Japanese yen on Wednesday. Investors unwound over-extended short yen positions, particularly against euro and cable. Sterling was particularly under pressure due to the minutes from the U.K. MPC meeting earlier this month expressed a dovish stance on the U.K. interest rate direction.

Euro and cable fell to 1.2283 and 1.8206 while dlr/chf rose to 1.2514. However, dlr/yen fell to 109.28 from an intra-day high at 110.18.

Thursday will see the release of German PPI, UK retail sales, as well as the U.S. weekly jobless claims and leading indicators.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 19, 04)
======================================================
Time Country Indicator
0600 Germany PPI M/M Jul
0600 Germany PPI Y/Y Jul
0830 U.K. Public finance (PSNCR) Jul
0830 U.K. PS net borrowing Jul
0830 U.K. Retail sales M/M Jul
0830 U.K. Retail sales Y/Y Jul
1230 U.S. Jobless claims
1400 U.S. Leading indicators Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 109.45
Update Time : 01:30GMT

The greenback continued to decline due to active cross buying in
yen, suggesting a strong retracement of upmove from 107.02 remains in force, however, oversold condition should limit downside to dynamic support at 109.11 and yield rebound later.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON USD/YEN
======================================================
Last Update At : 2004/08/19 01:12

USD/YEN - 109.51..As the greenback continued to decline after
penetrating 109.82 due to active cross buying in yen y'day (dlr fell to an intra-day low of 109.28 in late U.S. session), dampening our daily bullishness n dynamic sup at 109.11 (61.8% r of the upmove fm 107.02-112.49) needs to hold for prospect of a rebound, a subsequent breach of y'day's high at 110.18 wud confirm erratic fall fm 112.49 has made a temp. low n yield retracement twds 110.61 res, however, reckon 111.01 wud cap upside fm here n bring further choppy broad sideways consolidation this week.

Therefore, we remain as 'cautious' buyer with stop below said dynamic sup, as break wud risk one more fall to 108.70/80, however, hourly oscillators are already displaying low readings, reckon renewed buying wud emerge abv daily chart sup at 108.10 n yield rebound later.

Looking ahead, only a breach of pivotal sup at 108.10 wud signal upmove fm 107.02 has indeed ended at 112.49 earlier n bring resumption of erratic decline fm 114.90 for re-test of 107.02...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2340+
Update Time : 2004/08/18 19:11GMT

Euro's present rebound fm 1.2283 suggests intra-day low has possibly been formed there n consolidation with upside bias twds 1.2366 res is seen, but abv is needed to signal recent upmove has resumed n yield 1.2390 1st.

Trade fm long side with stop as indicated, below wud risk stronger correction to 1.2255/60...

Rate: +1.2340+
Strategy: +Target met+
Position: Long at 1.2305
Objective: 1.2340
Stop-Loss:
Resistance: 1.2366/1.2390/1.2462
Support: 1.2284/1.2263/1.2205


INTRA-DAY USD/YEN OUTLOOK - +109.40+
Update Time : 2004/08/18 17:01GMT

As dlr has eased after holding below indicated res at 109.90/95 holds, mild downside bias remains for marginal weakness to 109.30/35, however, loss downward momentum wud keep price abv 109.10/15 n bring rebound later today.

Hold short for 109.40, then turn long at 109.35 for 109.70. Abv said res signals low seen, 110.18..

Rate: +109.40+
Strategy: +1.Target met+ n 2. buy at 109.35
Position: 1.Short @ 109.70
Objective: 1) 109.40 n 2) 109.70
Stop-Loss: 25 points
Resistance: 110.18/110.61/111.01
Support: 109.27/108.62/108.10


INTRA-DAY USD/YEN OUTLOOK - +109.80+
Update Time : 2004/08/18 06:20GMT

Despite dlr's early recovery fm 109.81, as long as 110.25/30 holds, intra-day downside bias remains for erratic decline fm 112.49 to resume n extend weakness to 109.80 n possibly 109.60 b4 prospect of a strg rebound due to loss of momentum.

Hold short for st trade, stop at 110.35, abv wud signal low is made n yield rebound to 110.61...

Rate: +109.80+
Strategy: +Target met+
Position: Short at 110.10
Objective: 109.80
Stop-Loss:
Resistance: 110.61/111.01/111.25
Support: 109.81/109.27/109.11


EUROPEAN CLOSING USD/CHF OUTLOOK - +1.2460+
Update Time : 2004/08/18 16:29GMT

As dlr has maintained a firm undertone, suggesting caution on our bearishness n 1.2525/30 must hold for prospect of retreat to retrace y'day's upmove fm 1.2377 later today, below 1.2465 wud signal intra-day top is made n yield 1.2440/45.

Hold short with stop as indicated, abv wud risk stronger correction of recent decline to 1.2550/55.

Rate: +1.2460+
Strategy: +Target met+
Position: Short at 1.2500
Objective: 1.2460
Stop-Loss:
Resistance: 1.2514/1.2547/1.2630
Support: 1.2405/1.2377/1.2315


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6770+
Update Time : 2004/08/18 19:15GMT

Although euro has continued to trade narrowly below 0.6760 res, as long as 0.6740 holds, recent rise to retrace intermediate decline fm 0.7088 wud resume for further gain to 0.6770/75 but loss of momentum wud cap price below 0.6790/95.

Hold long, stop as indicated, break wud signal temp. top has been formed n risk 0.6720/25...

Rate: +0.6770+
Strategy: +Target met+
Position: Long at 0.6745
Objective: 0.6770
Stop-Loss:
Resistance: 0.6768/0.6797/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/YEN CROSS OUTLOOK - +135.40+
Update Time : 2004/08/18 07:23GMT

Despite early rebound fm 135.48, as long as indicated res at 136.00 holds, intra-day downside bias remains for nr term decline fm 137.07 to resume n bring one more fall twd 135.30/35 b4 prospect of a rebound later today.

Hold short for st trade, stop abv there, break wud risk 136.20/25 but 136.55 shud hold...

Rate: +135.40+
Strategy: +Target met+
Position: Short at 135.80
Objective: 135.40
Stop-Loss:
Resistance: 136.00/136.66/137.07
Support: 135.48/135.14/135.00


GBP/YEN DAILY CROSS OUTLOOK - +200.20+
Update Time : 2004/08/18 12:57GMT

Although stg's decline fm 204.79 to retrace upmove fm 194.55 remains in progress, loss of momentum wud keep price abv 199.65/70 n yield rebound.

Hold short at 201.20, stop 200.65 for 200.20 n then buy at 200.20 for 201.20, stop 199.55...

Rate: +200.20+
Strategy: +1)Target met+ n 2) Buy at 200.20
Position: +1) Short at 201.20+
Objective: 1) 200.20 n 2) 201.20
Stop-Loss: 65 points
Resistance: 201.83/202.67/203.59
Support: 200.47/199.67/198.46


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 18, 2004 – updated daily

Positive economic news released Tuesday helped the markets sustain a recovery but unfortunately lingering concerns over oil supplies from Iraq and Russia are today impacting on sentiment resulting in U.S. stock futures indicating a lower start to today’s trading.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: NMSS; UBET.
Watch Stocks: HPQ; MTRX; RFMD.
Possible Trend Reversals: TFSM; IDEV; SSTI; UTSI; ARTX; VISG; ANDW; OVTI; CMGI; GLW; EFJI; ECLG; PACR; LSCP; DSPG; SWKS; TKO; AVNX; RDWR; SANM; CMGI; ALVR; MAMA; LSI; DRIV; WEBX; CNXT; JCOM; EBKR; MSPD; PTIX; AMCC; ADRX; MVL; CKFR; APOL; MOSY; HILL; IDWK; IWOV; LSCP.
Failures: DHB; EMA; PLXT; EVCI; EYE; CORI; CYTK; LOUD; IVAC; SGTL; RETK; EFII; HELX; ARRS; ROG; CGNX; STKL.
Deletions: RETK; ROG

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities particularly if you get to know the stocks and chart their daily trading pattern.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% is required for a stock to move between the above categories.
5. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2325
Update Time : 08:00GMT

As euro has retreated after making a marginal high at 1.2390
yesterday, suggesting a temporary top has been formed there,
however, reckon pullback would be limited to 1.2300 and yield
resumption of recent upmove from 1.1968 for re-test of said resistance but 1.2462 is expected to remain intact.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/USD OUTLOOK - 1.2325
======================================================
Update Time : 2004/08/18 08:37GMT

Despite early sharp retreat, as previous sup at 1.2308 has held,
consolidation with upside bias is envisaged for gain to indicated obj. but reckon yesterday's high at 1.2390 wud hold on 1st testing n yield further choppy trading.

Suggest to buy with stop as indicated, below wud risk 1.2280/85 b4 rebound...

Rate: 1.2325
Strategy: Buy at market
Position:
Objective: 1.2360
Stop-Loss: 1.2300
Resistance: 1.2366/1.2390/1.2462
Support: 1.2308/1.2263/1.2205


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY OUTLOOK ON USD/CAD - 1.3235
======================================================
Update Time : 2004/08/18 07:19GMT

Usd's rebound fm 1.3012 wud resume after consolidation, bring
correction of recent decline to 1.3128 but abv is needed for further gain to 1.3170/80.

Hold long, stop as indicated, below wud extend one more fall to
1.2950/60 b4 up.

Rate: 1.3060
Strategy: Long at 1.3050
Position: Long at 1.3050
Objective: 1.3120 1st
Stop-Loss: 1.3000
Resistance: 1.3128/1.3213/1.3236
Support: 1.3012/1.2934/1.2833


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - 98.13
======================================================
Update Time : 2004/08/18 00:30GMT

As long as 98.10/11 sup holds, upside bias remains for a retrace. of nr term fall fm 98.24 but only abv 98.17 signals recent upmove has resumed.

Hold long with stop there, below wud risk a stronger correction to 98
....................................................................................................................................05/06 b4 rebound...

Rate: 98.13
Strategy: Long at 98.13
Position: Long at 98.13
Objective: 98.17
Stop-Loss: 98.10
Resistance: 98.17/98.24/98.30
Support: 98.11/98.09/98.06


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2370+
Update Time : 2004/08/17 12:32GMT

Failure to re-test res 1.2384 n current retreat suggest further
consolidation wud be seen b4 U.S. opening n although marginal
weakness is seen, downside shud be ltd to 1.2300, yield rebound but abv 1.2384 needed to confirm upmove resumes, 1.2405/10.

Buy on next fall, stop +1.2310+, break wud risk retrace. to 1.2290/95 b4 up...

Rate: +1.2370+
Strategy: +Target met+
Position: +Long at 1.2338+
Objective: +1.2370+
Stop-Loss:
Resistance: 1.2384/1.2462/1.2500
Support: 1.2315/1.2263/1.2175


INTRA-DAY USD/CHF OUTLOOK - +1.2380+
Update Time : 2004/08/17 07:10GMT

As dlr has remained under pressure after early retreat fm 1.2456, suggesting recent decline fm 1.2860 has 'possibly' resumed n re-test of 1.2378 sup is envisaged, however, near term loss of momentum wud limit downside to 1.2350.

Hold short, stop as indicated, only abv 1.2456 res defers n risks stronger retrace. to 1.2475/85..

Rate: +1.2380+
Strategy: +Target met+
Position: Short at 1.2420
Objective: 1.2380
Stop-Loss:
Resistance: 1.2456/1.2491/1.2547
Support: 1.2315/1.2268/1.2202


INTRA-DAY GBP/USD OUTLOOK - +1.8305+
Update Time : 2004/08/17 14:17GMT

As cable has remained under pressure, suggesting retrace. of nr term rise fm 1.8133 remains in progress n further weakness to 1.8305/10 is seen, however, reckon 1.8280/85 wud hold due to o/sold condition n bring rebound later.

Sell again with stop as indicated, abv wud signal pullback has
possibly ended, 1.8405/10...

Rate: +1.8305+
Strategy: +Target met+
Position: Short at 1.8342
Objective: 1.8305
Stop-Loss:
Resistance: 1.8418/1.8475/1.8511
Support: 1.8300/1.8260/1.8231

INTRA-DAY GBP/USD OUTLOOK - +1.8330
Update Time : 2004/08/17 13:25GMT

Cable retreat after early gain to 1.8435/40 suggests intra-day top is made there n consolidation with downside bias for retrace. of nr term rise fm 1.8135 to 1.8340/45 is seen, however, reckon 1.8310/15 wud hold due to o/sold condition.

Turn short on recovery with stop as indicated. Abv said res needed to revive bullishness, 1.8468.

Rate: +1.8330
Strategy: +Target met+
Position: Short at 1.8367
Objective: 1.8330
Stop-Loss:
Resistance: 1.8418/1.8475/1.8511
Support: 1.8340/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8415+
Update Time : 2004/08/17 12:32GMT

Although cable has continued to edge lower, as y'day's fall fm 1.8468 is viewed as retrace. of the upmove fm 1.8133, reckon downside wud be ltd to 1.8340 n yield rebound later but abv 1.8418 res is needed to signal correction has ended.

Buy dips, stop +1.8360, break wud risk weakness to 1.8340 but 1.8300 shud remain intact...+

Rate: +1.8415+
Strategy: +Target met+
Position: +Long at 1.8382+
Objective: +1.8415+
Stop-Loss: +1.8360+
Resistance: 1.8418/1.8475/1.8511
Support: 1.8340/1.8310/1.8247


INTRA-DAY AUD/USD OUTLOOK - +0.7195+
Update Time : 2004/08/17 12:38GMT

As aussie has continued to trade below 0.7197 res, suggesting minor consolidation wud be seen b4 U.S. opening, however, 0.7143 wud limit downside n yield re-test of said res, abv wud signal recent upmove has reusumed for further gain to 0.7200/05.

Buy dips, stop below there, break signals temp. top has been formed n risks retrace. to 0.7115/20.

Rate: +0.7195+
Strategy: +Target met+
Position: Long at 0.7165
Objective: 0.7195 1st
Stop-Loss:
Resistance: 0.7197/0.7263/0.7313
Support: 0.7143/0.7103/0.7058


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6760+
Update Time : 2004/08/17 21:50GMT

Euro's firmness after early breach of 0.6733 res suggests recent
upmove fm 0.6580 wud extend marginal gain to 0.6765/70, however,
reckon 0.6785/90 is likely to cap upside due to loss of upward
momentum n risk has increased for a retreat later.

Hold long, stop as indicated. Only below 0.6730 wud signal temp. top is made, 0.6700/05...

Rate: +0.6760+
Strategy: +Target met+
Position: Long at 0.6740
Objective: 0.6760
Stop-Loss:
Resistance: 0.6768/0.6797/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6740+
Update Time : 2004/08/17 14:12GMT

As y'day's rebound fm 0.6686 has kept euro firm, suggesting
bullishness remains for recent upmove fm 0.6580 to resume for re-test of res at 0.6733, however, reckon upside wud be ltd at 0.6755/60 due to loss of momentum n yield retreat.

Buy dips, stop as indicated, only below 0.6686 wud signal temp. top formed n risk 0.6670...

Rate: +0.6740+
Strategy: +Target met+
Position: Long at 0.6720
Objective: 0.6740
Stop-Loss:
Resistance: 0.6768/0.6773/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6721+
Update Time : 2004/08/17 06:54GMT

Euro's rebound fm 0.6685 indicates recent upmove fm 0.6580 has
resumed for test of strg res at 0.6733, abv there wud bring marginal gain twds 0.6740/45, however, loss of momentum has increased risk of a correction.

Hold long with stop as indicated, below defers but sup at 0.6685
shud hold...

Rate: +0.6721+
Strategy: +Target met+
Position: Long at 0.6700
Objective: 0.6720
Stop-Loss:
Resistance: 0.6733/0.6768/0.6773
Support: 0.6685/0.6652/0.6622


EUROPEAN CLOSING EUR/YEN OUTLOOK - +135.70+
Update Time : 2004/08/17 14:39GMT

As euro has remained under pressure, suggesting nr term fall fm 137.07 to retrace recent upmove is still in progress n further weakness to 135.60/65 is seen, however, o/sold condition wud keep price abv 135.30/35 n yield rebound.

Hold short, stop as indicated, abv wud risk recovery to 136.60/65.

Rate: +135.70+
Strategy: +Target met+
Position: Short at 136.10
Objective: 135.70
Stop-Loss:
Resistance: 137.07/137.20/137.86
Support: 135.63/135.14/135.00


GBP/YEN DAILY CROSS OUTLOOK - +202.50+
Update Time : 2004/08/17 14:22GMT

Stg's retreat after holding below 203.59 suggests decline fm 204.79 wud extend one more fall to 202.20/25 b4 rebound due to o/sold condition.

Turn short, stop as indicated, abv wud risk re-test of said res.

Rate: +202.50+
Strategy: +Target met+
Position: +Short at 203.50+
Objective: 202.50
Stop-Loss:
Resistance: 203.59/204.79/205.29
Support: 202.90/202.63/201.83


SEP T-BOND FUTURES DAILY OUTLOOK - +111.02+
Update Time : 2004/08/17 12:55GMT

Despite y'day's strg retreat, as T-bond has rebounded fm 110.11,
consolidation with upside bias is seen, however, res at 111.17 is likely to hold.

Trade fm long side, stop below there, break wud shift risk to
downside for test of 110.02 sup...

Rate: +111.02+
Strategy: +Target met+
Position: Long at 110.16
Objective: 111.02
Stop-Loss:
Resistance: 111.17/112.00/112.22
Support: 110.28/110.02/109.15


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar rebounds on renewed rate hike
speculation
======================================================
Dollar gained ground slightly on Tuesday on renewed speculation that the Fed would likely hike the Fund rate by another 0.25% in September. U.S. housing starts and permits for July rose by 1.98 million units and 2.06 million units respectively, suggesting consumer spending in U.S. remained strong.

Although the headline CPI for July fell by 0.1% m/m against economists' forecast of 0.1% growth, the core CPI rose by 0.1% m/m, reflecting that mild inflationary pressure remained.

Therefore, Euro and cable retreated to 1.2308 and 1.8265 after rising briefly to 1.2390 and 1.8438 respectively. Dlr/chf rebounded to 1.2480 from an intra-day low at 1.2377. However, the greenback fell to 109.89 against the Japanese yen due to the softening of crude oil price.

Wednesday will see the release of E-12 inflationary report.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 18, 04)
======================================================
Time Country Indicator
0900 E-12 HICP final M/M Jul
0900 E-12 HICP final Y/Y Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 109.90
Update Time : 01:10GMT

Active cross buying in yen has continued to pressure price, suggesting erratic decline from 112.49 to retrace upmove from 107.02 remains in force and marginal weakness is likely but dynamic sup at 109.11 would remain intact due to oversold condition n yield rebound later.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/08/18 00:08

EUR/USD..1.2347..The single currency rose marginally to 1.2390 after the release of weaker than expected U.S. CPI data before retreating strongly due to profit-taking n euro subsequently fell to an intra-day low of 1.2308.

Although y'day's retreat fm 1.2390 (a spike) suggests a temp. top is possibly made n another day of choppy sideways trading wud be seen, as long as 1.2283 (50% r of last Friday's rally fm 1.2175-1.2390) holds, upside bias remains for upmove fm 1.1968 to resume later today or tom. n yield marginal gain to 1.2416, being 50% proj. of 1.2175-1.2390 fm 1.2308, however, as hourly oscillators wud display bearish divergences on such move, suggesting daily res at 1.2462 is expected to remain intact n bring correction.

In view of the above analysis, buying euro again on intra-day
pullback is favoured with stop below 1.2283, only a breach of
1.2250/55 wud confirm recent upmove has formed a top n bring a
strg retrace. of the rise fm 1.1968 but renewed buying shud emerge abv 1.2175/79 (chart sup n 50% r) n yield rebound later...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2370+
Update Time : 2004/08/17 12:32GMT

Failure to re-test res 1.2384 n current retreat suggest further
consolidation wud be seen b4 U.S. opening n although marginal
weakness is seen, downside shud be ltd to 1.2300, yield rebound but abv 1.2384 needed to confirm upmove resumes, 1.2405/10.

Buy on next fall, stop +1.2310+, break wud risk retrace. to 1.2290/95 b4 up...

Rate: +1.2370+
Strategy: +Target met+
Position: +Long at 1.2338+
Objective: +1.2370+
Stop-Loss:
Resistance: 1.2384/1.2462/1.2500
Support: 1.2315/1.2263/1.2175


INTRA-DAY USD/CHF OUTLOOK - +1.2380+
Update Time : 2004/08/17 07:10GMT

As dlr has remained under pressure after early retreat fm 1.2456, suggesting recent decline fm 1.2860 has 'possibly' resumed n re-test of 1.2378 sup is envisaged, however, near term loss of momentum wud limit downside to 1.2350.

Hold short, stop as indicated, only abv 1.2456 res defers n risks stronger retrace. to 1.2475/85..

Rate: +1.2380+
Strategy: +Target met+
Position: Short at 1.2420
Objective: 1.2380
Stop-Loss:
Resistance: 1.2456/1.2491/1.2547
Support: 1.2315/1.2268/1.2202


INTRA-DAY GBP/USD OUTLOOK - +1.8305+
Update Time : 2004/08/17 14:17GMT

As cable has remained under pressure, suggesting retrace. of nr term rise fm 1.8133 remains in progress n further weakness to 1.8305/10 is seen, however, reckon 1.8280/85 wud hold due to o/sold condition n bring rebound later.

Sell again with stop as indicated, abv wud signal pullback has
possibly ended, 1.8405/10...

Rate: +1.8305+
Strategy: +Target met+
Position: Short at 1.8342
Objective: 1.8305
Stop-Loss:
Resistance: 1.8418/1.8475/1.8511
Support: 1.8300/1.8260/1.8231

INTRA-DAY GBP/USD OUTLOOK - +1.8330
Update Time : 2004/08/17 13:25GMT

Cable retreat after early gain to 1.8435/40 suggests intra-day top is made there n consolidation with downside bias for retrace. of nr term rise fm 1.8135 to 1.8340/45 is seen, however, reckon 1.8310/15 wud hold due to o/sold condition.

Turn short on recovery with stop as indicated. Abv said res needed to revive bullishness, 1.8468.

Rate: +1.8330
Strategy: +Target met+
Position: Short at 1.8367
Objective: 1.8330
Stop-Loss:
Resistance: 1.8418/1.8475/1.8511
Support: 1.8340/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8415+
Update Time : 2004/08/17 12:32GMT

Although cable has continued to edge lower, as y'day's fall fm 1.8468 is viewed as retrace. of the upmove fm 1.8133, reckon downside wud be ltd to 1.8340 n yield rebound later but abv 1.8418 res is needed to signal correction has ended.

Buy dips, stop +1.8360, break wud risk weakness to 1.8340 but 1.
8300 shud remain intact...+

Rate: +1.8415+
Strategy: +Target met+
Position: +Long at 1.8382+
Objective: +1.8415+
Stop-Loss: +1.8360+
Resistance: 1.8418/1.8475/1.8511
Support: 1.8340/1.8310/1.8247


INTRA-DAY AUD/USD OUTLOOK - +0.7195+
Update Time : 2004/08/17 12:38GMT

As aussie has continued to trade below 0.7197 res, suggesting minor consolidation wud be seen b4 U.S. opening, however, 0.7143 wud limit downside n yield re-test of said res, abv wud signal recent upmove has reusumed for further gain to 0.7200/05.

Buy dips, stop below there, break signals temp. top has been formed n risks retrace. to 0.7115/20.

Rate: +0.7195+
Strategy: +Target met+
Position: Long at 0.7165
Objective: 0.7195 1st
Stop-Loss:
Resistance: 0.7197/0.7263/0.7313
Support: 0.7143/0.7103/0.7058


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6760+
Update Time : 2004/08/17 21:50GMT

Euro's firmness after early breach of 0.6733 res suggests recent upmove fm 0.6580 wud extend marginal gain to 0.6765/70, however, reckon 0.6785/90 is likely to cap upside due to loss of upward momentum n risk has increased for a retreat later.

Hold long, stop as indicated. Only below 0.6730 wud signal temp. top is made, 0.6700/05...

Rate: +0.6760+
Strategy: +Target met+
Position: Long at 0.6740
Objective: 0.6760
Stop-Loss:
Resistance: 0.6768/0.6797/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6740+
Update Time : 2004/08/17 14:12GMT

As y'day's rebound fm 0.6686 has kept euro firm, suggesting
bullishness remains for recent upmove fm 0.6580 to resume for re-test of res at 0.6733, however, reckon upside wud be ltd at 0.6755/60 due to loss of momentum n yield retreat.

Buy dips, stop as indicated, only below 0.6686 wud signal temp. top formed n risk 0.6670...

Rate: +0.6740+
Strategy: +Target met+
Position: Long at 0.6720
Objective: 0.6740
Stop-Loss:
Resistance: 0.6768/0.6773/0.6815
Support: 0.6733/0.6685/0.6652


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6721+
Update Time : 2004/08/17 06:54GMT

Euro's rebound fm 0.6685 indicates recent upmove fm 0.6580 has
resumed for test of strg res at 0.6733, abv there wud bring marginal gain twds 0.6740/45, however, loss of momentum has increased risk of a correction.

Hold long with stop as indicated, below defers but sup at 0.6685 shud hold...

Rate: +0.6721+
Strategy: +Target met+
Position: Long at 0.6700
Objective: 0.6720
Stop-Loss:
Resistance: 0.6733/0.6768/0.6773
Support: 0.6685/0.6652/0.6622


EUROPEAN CLOSING EUR/YEN OUTLOOK - +135.70+
Update Time : 2004/08/17 14:39GMT

As euro has remained under pressure, suggesting nr term fall fm 137.07 to retrace recent upmove is still in progress n further weakness to 135.60/65 is seen, however, o/sold condition wud keep price abv 135.30/35 n yield rebound.

Hold short, stop as indicated, abv wud risk recovery to 136.60/65.

Rate: +135.70+
Strategy: +Target met+
Position: Short at 136.10
Objective: 135.70
Stop-Loss:
Resistance: 137.07/137.20/137.86
Support: 135.63/135.14/135.00


GBP/YEN DAILY CROSS OUTLOOK - +202.50+
Update Time : 2004/08/17 14:22GMT

Stg's retreat after holding below 203.59 suggests decline fm 204.79 wud extend one more fall to 202.20/25 b4 rebound due to o/sold condition.

Turn short, stop as indicated, abv wud risk re-test of said res.

Rate: +202.50+
Strategy: +Target met+
Position: +Short at 203.50+
Objective: 202.50
Stop-Loss:
Resistance: 203.59/204.79/205.29
Support: 202.90/202.63/201.83


SEP T-BOND FUTURES DAILY OUTLOOK - +111.02+
Update Time : 2004/08/17 12:55GMT

Despite y'day's strg retreat, as T-bond has rebounded fm 110.11, consolidation with upside bias is seen, however, res at 111.17 is likely to hold.

Trade fm long side, stop below there, break wud shift risk to
downside for test of 110.02 sup...

Rate: +111.02+
Strategy: +Target met+
Position: Long at 110.16
Objective: 111.02
Stop-Loss:
Resistance: 111.17/112.00/112.22
Support: 110.28/110.02/109.15


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or
unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 17, 2004 – updated daily

Monday saw markets rally, in part due to a moderation of oil prices, and with U.S. stock futures currently indicating a positive start to today’s trading yesterday could have been the start of an overdue technical rally. There is however a lot of economic data due for release before the opening bell including the Consumer Price Index and clearly that could impact on market sentiment.

While today we have only added one new Watch Stock please use the trading patterns of existing Watch Stocks to identify opportunities. Yesterday’s failures for example could bounce back particularly if there is some market strength and stocks such as MTRX that continued to slide yesterday look very interesting.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: TFSM.
Watch Stocks: HPQ; MTRX; RFMD.
Possible Trend Reversals: DHB; CMGI; GLW; EMA; EFJI; ECLG; PACR; LSCP; DSPG; SWKS; TKO; AVNX; RDWR; SANM; CMGI; ALVR; MAMA; LSI; DRIV; PLXT; WEBX; CNXT; JCOM; EBKR; MSPD; PTIX; AMCC; EVCI; ADRX; MVL; CKFR; EYE; APOL; MOSY; HILL; IDWK; IWOV; LSCP.
Failures: CORI; IDEV; CYTK; LOUD; SSTI; IVAC; SGTL; RETK; EFII; HELX; UTSI; ARTX; ARRS; ROG; CGNX; VISG; ANDW; OVTI; STKL.
Deletions: DCEL.

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities particularly if you get to know the stocks and chart their daily trading pattern.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% is required for a stock to move between the above categories.
5. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2357
Update Time : 08:00GMT

As euro has rebounded from 1.2315, suggesting upmove from 1.1968 has resumed and one more rise to 1.2400/10 is envisaged but loss of momentum would cap upside below 1.2462 chart resistance and yield retreat.

Below support at 1.2315 would signal a temporary top is in place.


======================================================
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Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
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======================================================

======================================================
INTRA-DAY USD/YEN OUTLOOK - 110.41
======================================================
Update Time : 2004/08/17 08:16GMT

As y'day's low at 110.25 has remained intact, dlr's intra-day recovery suggests consolidation wud be seen but as long as minor res at 110.60 holds, downside bias remains for one more fall twd 110.00/10 b4 rebound due to loss of momentum.

Hold short for st trade with stop as indicated, abv wud signal intra-day low is in place, 110.80...

Rate: 110.41
Strategy: Hold short for st trade
Position: Short at 110.55
Objective: 110.20
Stop-Loss: 110.55
Resistance: 110.60/111.01/111.25
Support: 110.25/109.82/109.27


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/CHF CROSS OUTLOOK - 1.5329
======================================================
Update Time : 2004/08/17 07:52GMT
DAILY EUR/CHF CROSS OUTLOOK - 1.5329

Euro's present weakness suggests near term decline fm 1.5449 to
retrace recent upmove fm 1.5037 remains in force n further fall twds 1.5280 sup is envisaged, however, loss of momentum wud keep
price abv 1.5240/45 n bring strg rebound later this week.

Hold short, stop 1.5375, break wud signal temp. low is made n yield 1.5400 but 1.5449 wud hold...

Rate: 1.5329
Strategy: Hold short
Position: Short at 1.5345
Objective: 1.5285
Stop-Loss: 1.5375
Resistance: 1.5372/1.5415/1.5449
Support: 1.5280/1.5243/1.5210


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP T-BOND FUTURES DAILY OUTLOOK - 110.24
======================================================
Update Time : 2004/08/17 00:24GMT

Despite y'day's strg retreat, as T-bond has rebounded fm 110.11,
consolidation with upside bias is seen, however, res at 111.17 is likely to hold.

Trade fm long side, stop below there, break wud shift risk to
downside for test of 110.02 sup...

Rate: 110.24
Strategy: Long at 110.16
Position: Long at 110.16
Objective: 111.02
Stop-Loss: 110.10
Resistance: 111.17/112.00/112.22
Support: 110.28/110.02/109.15


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2325+
Update Time : 2004/08/16 15:30GMT

Euro's present weakness after holding below 1.2384 suggests intra-day top has been formed there n consolidation with downside bias to 1.2320/25 is seen, however, reckon 1.2290/95 shud contain weak-ness n yield resumption of recent upmove tom.

Hold short for st trade with stop as indicated, break wud risk marginal gain to 1.2415 b4 retreat.

Rate: +1.2325+
Strategy: +Target met+
Position: Short at 1.2360
Objective: 1.2325
Stop-Loss:
Resistance: 1.2384/1.2462/1.2500
Support: 1.2320/1.2263/1.2175


GBP/YEN DAILY CROSS OUTLOOK - +203.30+
Update Time : 2004/08/16 15:28GMT

Stg's retreat fm 204.73 suggests a temp. top has been formed n
downside bias is seen for retracement to 203.20/25 b4 prospect of rebound.

Sell recovery, stop abv there, break wud extend one more rise to
205.00.


Rate: +203.30+
Strategy: +Target met+
Position: +Short at 204.30+
Objective: 203.30
Stop-Loss:
Resistance: 204.73/205.29/206.00
Support: 203.23/202.90/202.52


EUROPEAN CLOSING GBP/USD OUTLOOK - +1.8385+
Update Time : 2004/08/16 15:14GMT

As cable has eased after holding below 1.8468, suggesting intra-day top has possibly been formed there n consolidation with downside bias for retrace. of last wk's rally fm 1.8133 to 1.8385 is seen but 1.8340/45 wud hold n bring rebound.

Trade fm short side with stop as indicated, abv wud signal correction has ended, 1.8475...


Rate: +1.8385+
Strategy: +Target met+
Position: Short at 1.8425
Objective: 1.8385
Stop-Loss:
Resistance: 1.8475/1.8511/1.8572
Support: 1.8381/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8455+
Update Time : 2004/08/16 09:04GMT

Although cable has rebounded after finding sup at +1.8381+, a
break abv minor res at 1.8420 is needed to signal recent upmove
has resumed, bring re-test of Friday's high at 1.8455 n then twd chart lvl at 1.8475.

Buy again on dips for 1.8415 or on break of 1.8420 for 1.8455 with 30 points stop...


Rate: +1.8455+
Strategy: +Target met+
Position: +Long at 1.8421+
Objective: +1.8455+
Stop-Loss:
Resistance: 1.8475/1.8511/1.8572
Support: 1.8381/1.8310/1.8247


INTRA-DAY EUR/YEN CROSS OUTLOOK - +137.01+
Update Time : 2004/08/16 07:14GMT

Although indicated res at 133.99 has continued to hold n further
consolidation is envisaged, reckon sup at 136.47 wud remain intact n bring resumption of upmove for marginal gain abv said res but 137.20/25 wud hold due to loss of momentum.

Hold long with stop below there, break wud shift risk to downside for test of 136.22 1st...

Rate: +137.01+
Strategy: +Target met+
Position: Long at 136.70
Objective: 137.00
Stop-Loss:
Resistance: 137.20/137.86/138.47
Support: 136.47/136.22/135.63


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar recovers on stronger than expected asset
flows data
======================================================

Dollar recovered on Monday after Treasury's report on flows in U.S. assets showed enough of a rise in foreign investments to offset the current account gap for June. The net inflows totaled $71.8 billion, up from revised net inflows of $65.2 billion in May and higher than the expectation of $60.0 billion. Foreigners also showed good interests in U.S. securities and nearly doubled the inflow to $40.6 billion in June from $21.9 billion in May.

Euro and Cable retreated fm 1.2384 and 1.8468 to 1.2315 and 1.8380 respectively. The greenback also rose slightly to 111.01 and 1.2456 against the Japanese yen and Swiss franc.

Tuesday will see the release of German Zew, E-12 industrial production data, the U.S. CPI, housing starts, industrial production, as well as capacity utilisation.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 17, 04)
======================================================
Time Country Indicator
0900 E-12 Industrial Prod'n M/M Jun
0900 E-12 Industrial Prod'n Y/Y Jun
0900 Germany ZEW index Aug
0900 Germany ZEW current conditions Aug
1230 U.S. CPI M/M Jul
1230 U.S. CPI ex. food & energy Jul
1230 U.S. Housing Starts Jul
1230 U.S. Housing Permits Jul
1315 U.S. Industrial Production Jul
1315 U.S. Capacity utilization Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 110.50
Update Time : 01:00GMT

Although 111.01 has capped yesterday's recovery and further choppy trading is envisaged, as the price action from last month's high at 112..49 is developing into a triangle, reckon support at 109.82 would hold and yield rebound to 111.40/50 later but 112.10 would remain intact.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/08/16 23:59

EUR/DLR..1.2357..The single currency spent a relatively quiet day yesterday after last Friday's rally n despite euro's retreat fm 1.2384, renewed buying at 1.2315 in U.S. morning has lifted price, suggesting this month's upmove fm 1.1968 has 'possibly' resumed n marginal gain to 1.2400/05 is envisaged, however, as hourly oscillators wud display bearish divergences on such move, strg rise abv there is unlikely to be seen today n reckon daily res at 1.2462 wud remain intact n yield correction.

We are holding our long position entered at 1.2330 with stop now raised to 1.2300, as below wud signal strg retrace. of last Friday's rally fm 1.2175 is under way n risk weakness to 1.2255 (62% r) b4 prospect of another rise later this week.

Looking ahead, a break abv daily 1.2462 res wud signal upmove fm
1.1760 to retrace this year's fall fm 1.2930 has resumed n further gain to 1.2527 (eq. proj. of 1.1968-1.2320 fm 1.2175) wud be seen but 1.2670 (eq. of 1.1760-1.2462 fm 1.1968) wud remain intact...


======================================================
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technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
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======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2325+
Update Time : 2004/08/16 15:30GMT

Euro's present weakness after holding below 1.2384 suggests intra-day top has been formed there n consolidation with downside bias to 1.2320/25 is seen, however, reckon 1.2290/95 shud contain weak-ness n yield resumption of recent upmove tom.

Hold short for st trade with stop as indicated, break wud risk marginal gain to 1.2415 b4 retreat.

Rate: +1.2325+
Strategy: +Target met+
Position: Short at 1.2360
Objective: 1.2325
Stop-Loss:
Resistance: 1.2384/1.2462/1.2500
Support: 1.2320/1.2263/1.2175


GBP/YEN DAILY CROSS OUTLOOK - +203.30+
Update Time : 2004/08/16 15:28GMT

Stg's retreat fm 204.73 suggests a temp. top has been formed n
downside bias is seen for retracement to 203.20/25 b4 prospect of rebound.

Sell recovery, stop abv there, break wud extend one more rise to
205.00.


Rate: +203.30+
Strategy: +Target met+
Position: +Short at 204.30+
Objective: 203.30
Stop-Loss:
Resistance: 204.73/205.29/206.00
Support: 203.23/202.90/202.52


EUROPEAN CLOSING GBP/USD OUTLOOK - +1.8385+
Update Time : 2004/08/16 15:14GMT

As cable has eased after holding below 1.8468, suggesting intra-day top has possibly been formed there n consolidation with downside bias for retrace. of last wk's rally fm 1.8133 to 1.8385 is seen but 1.8340/45 wud hold n bring rebound.

Trade fm short side with stop as indicated, abv wud signal correction has ended, 1.8475...


Rate: +1.8385+
Strategy: +Target met+
Position: Short at 1.8425
Objective: 1.8385
Stop-Loss:
Resistance: 1.8475/1.8511/1.8572
Support: 1.8381/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8455+
Update Time : 2004/08/16 09:04GMT

Although cable has rebounded after finding sup at +1.8381+, a break abv minor res at 1.8420 is needed to signal recent upmove has resumed, bring re-test of Friday's high at 1.8455 n then twd chart lvl at 1.8475.

Buy again on dips for 1.8415 or on break of 1.8420 for 1.8455 with 30 points stop...


Rate: +1.8455+
Strategy: +Target met+
Position: +Long at 1.8421+
Objective: +1.8455+
Stop-Loss:
Resistance: 1.8475/1.8511/1.8572
Support: 1.8381/1.8310/1.8247


INTRA-DAY EUR/YEN CROSS OUTLOOK - +137.01+
Update Time : 2004/08/16 07:14GMT

Although indicated res at 133.99 has continued to hold n further
consolidation is envisaged, reckon sup at 136.47 wud remain intact n bring resumption of upmove for marginal gain abv said res but 137.20/25 wud hold due to loss of momentum.

Hold long with stop below there, break wud shift risk to downside for test of 136.22 1st...

Rate: +137.01+
Strategy: +Target met+
Position: Long at 136.70
Objective: 137.00
Stop-Loss:
Resistance: 137.20/137.86/138.47
Support: 136.47/136.22/135.63


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 16, 2004 – updated daily

Friday once again proved to be a disappointing day with the markets closing near their lows for 2004.

For today while U.S. stock futures are currently indicating a flat opening, oil prices have hit a new record of near $47 and from a technical perspective could quite easing move on and test the $50 level. Watch for news from Venezuela and Iraq.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: DHB; CMGI; GLW; HPQ.
Watch Stocks: EMA; MTRX; EFJI; RFMD; ECLG.
Possible Trend Reversals: DCEL; EBKR; CORI; MSPD; PTIX; AMCC; EVCI; ADRX; MVL; CKFR; EYE; APOL; MOSY; HILL; IDWK; IWOV; LSCP.
Failures: PACR; IDEV; LSCP; CYTK; LOUD; DSPG; SSTI; SWKS; IVAC; SGTL; TKO; RETK; AVNX; RDWR; EFII; HELX; SANM; CMGI; UTSI; ALVR; ARTX; ARRS; ROG; CGNX; MAMA; VISG; ANDW; LSI; OVTI; STKL; DRIV; PLXT; WEBX; CNXT; JCOM.
Deletions: BKHM (taking too long; CREE; SWW; WGAT.

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities particularly if you get to know the stocks and chart their daily trading pattern.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% is required for a stock to move between the above categories.
5. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2348
Update Time : 08:00GMT

Although Euro's rally from 1.2175 on Friday indicates recent upmove remains in progress, overbought condition would prevent further strong rise and reckon chart resistance at 1.2462 would hold on 1st testing and yield retreat. Below 1.2300/10 would signal a temporary top has possibly been formed.


======================================================
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Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
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======================================================

======================================================
INTRA-DAY GBP/USD OUTLOOK - +1.8421+
======================================================
Update Time : 2004/08/16 08:38GMT

Although cable has rebounded after finding sup at 1.8380/85, a break abv minor res at 1.8420 is needed to signal recent upmove has resumed, bring re-test of Friday's high at 1.8455 n then twd chart lvl at 1.8475.

Buy again on dips for 1.8415 or on break of 1.8420 for 1.8455 with 30 points stop...

Rate: +1.8421+
Strategy: +Hold long+
Position: +Long at 1.8421+
Objective: +1.8455+
Stop-Loss: +1.8395+
Resistance: 1.8455/1.8475/1.8511
Support: 1.8370/1.8310/1.8247

======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
GBP/YEN DAILY CROSS OUTLOOK - 203.92
======================================================
Update Time : 2004/08/16 07:17GMT

Despite stg's retreat after Friday's rise to 204.10, reckon 203.20/25 wud contain pullback n yield resumption of recent upmove for indicated obj.

Hold long, stop there, below wud prolong choppy consolidation n risk 202.35/40...

Rate: 203.92
Strategy: Long at 203.85
Position: Long at 203.85
Objective: 204.85
Stop-Loss: 203.20
Resistance: 204.22/205.29/206.00
Support: 202.90/202.55/201.90


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP T-BOND FUTURES DAILY OUTLOOK - 111.06
======================================================
Update Time : 2004/08/16 00:26GMT

T-bond's rally to 111.17 signals recent upmove has resumed n test of 112.00 is seen, abv extends gain twd 112.16 b4 prospect of a retreat.

Hold long with stop as indicated, below wud risk stronger correction but 110.02/06 shud hold...


Rate: 111.06
Strategy: Long at 111.02
Position: Long at 111.02
Objective: 111.24
Stop-Loss: 110.22
Resistance: 111.17/112.00/112.22
Support: 110.28/110.02/109.15


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================
INTRA-DAY GBP/USD OUTLOOK - +1.8440+
Update Time : 2004/08/13 16:35GMT

As cable has rebounded again after holding abv 1.8370 (prev. res), suggesting intra-day rally wud extend gain to 1.8440/45, however, as broad outlook remains consolidative, reckon res at 1.8475 wud hold on 1st testing.

Buy again with stop as indicated, below risk retracement to 1.8330/35 b4 up...

Rate: +1.8440+
Strategy: +Target met+
Position: +Long at 1.8400+
Objective: 1.8440
Stop-Loss:
Resistance: 1.84751.8511/1.8572
Support: 1.8370/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8340+
Update Time : 2004/08/13 12:49GMT

As cable has rebounded strongly after the worse than expected U.S. trade deficit, suggesting temp. low has beemn formed at 1.8134 n consolidation with upside bias for retrace. of nr term fall fm 1.8475 is underway to 1.8340/40 but 1.8370 wud hold.

Buy again with stop as indicated, break wud signal stronger correction to 1.8245/50 b4 up...

Rate: +1.8340+
Strategy: +Target met+
Position: +Long at 1.8300+
Objective: 1.8340
Stop-Loss:
Resistance: 1.8370/1.8407/1.8475
Support: 1.8247/1.8195/1.8134


INTRA-DAY EUR/USD OUTLOOK - +1.2340+
Update Time : 2004/08/13 13:16GMT

As intra-day upmove has gathered momentum, suggesting last week's rally has resumed n abv 1.2304 res wud confirm this view n bring further gain twds 1.2351, however, o/bot condition is likely to limit upside to 1.2380.

Buy again on dips for 1.2300 or on break of 1.2304 for 1.2340. Below 1.2245/50 risks 1.2220/25...

Rate: +1.2340+
Strategy: +Target met+
Position: +Long at 1.2305+
Objective: +1.2340+
Stop-Loss:
Resistance: 1.2351/1.2393/1.2462
Support: 1.2263/1.2175/1.2144


INTRA-DAY USD/CHF OUTLOOK - +1.2480+
Update Time : 2004/08/13 12:40GMT

As intra-day selloff fm 1.2630 has accelerated, suggesting a test of 1.2508 wud be seen, below wud confirm last week's fall fm 1.2860 has resumed for further weakness to 1.2480, however, o/sold condition is likely to limit downside to 1.2450.

Sell with stop as indicated n take profit on subsequent decline...

Rate: +1.2480+
Strategy: +Target met+
Position: Short at 1.2540
Objective: 1.2480
Stop-Loss:
Resistance: 1.2547/1.2647/1.2686
Support: 1.2485/1.2453/1.2407


INTRA-DAY USD/YEN OUTLOOK - +110.70+
Update Time : 2004/08/13 12:59GMT

Present penetration of 111.25 after the worse than exepcted U.S. trade deficit suggests temp. top is made at 112.10 n consolidation with downside bias for retrace. of nr term rise fm 109.82 to 110.70/75 but 110.42/45 sup wud hold on 1st testing.

Sell again with stop as indicated, abv wud signal stronger correction to 111.65/70 b4 retreat...

Rate: +110.70+
Strategy: +Target met+
Position: Short at 111.10
Objective: 110.70
Stop-Loss:
Resistance: 112.10/112.49/113.00
Support: 111.48/111.25/110.76


INTRA-DAY USD/YEN OUTLOOK - +111.45+
Update Time : 2004/08/13 12:31GMT

Dlr's retreat fm 112.10 suggests a temp. top has been made there n consolidation with mild downside bias is seen for retrace. to 111.50 but sup at 111.25 (prev. res) shud remain intact n yield resumption of recent upmove.

Hold short for st trade n exit on decline, stop 112.00, abv wud risk marginal gain twds 112.49...

Rate: +111.45+
Strategy: +Target met+
Position: Short at 111.80
Objective: 111.50
Stop-Loss:
Resistance: 112.10/112.49/113.00
Support: 111.48/111.25/110.76


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.60+
Update Time : 2004/08/13 00:04GMT

As euro has risen strongly after the release of weaker than expected GDP, suggesting correction fm 136.58 has indeed ended earlier at 135.14 n further gain twd chart res at 136.70 is envisaged but rec-kon 137.00 wud limit upside due to o/bot condition.

Buy for this move with stop as indicated, below wud defer n risk
pullback twd 135.63 sup...

Rate: +136.60+
Strategy: +Target met+
Position: +Long at 136.28+
Objective: 136.65
Stop-Loss:
Resistance: 136.70/137.02/137.86
Support: 136.12/135.63/135.14


SEP T-BOND FUTURES DAILY OUTLOOK - 111.04
Update Time : 2004/08/13 12:42GMT

T-bond's rebound after holding abv 110.02 indicates a test of 111.04 wud be seen but a firm break is needed to signal correction fm 112.00 has ended.

Trade fm long side with stop as indicated, below said sup wud risk correction to 109.26/28...

Rate: 111.04
Strategy: +Target met+
Position: Long at 110.10
Objective: 111.04
Stop-Loss:
Resistance: 111.04/111.10/112.00
Support: 110.02/109.15/109.08


DAILY USD/ZAR OUTLOOK - +6.5000+
Update Time : 2004/08/13 06:32GMT

Dlr's rally abv 6.3591 res indicates retrace. of intermediate decline fm 7.1602 is under way for further gain to 6.5000 b4 retreat due to o/b condition.

Trade fm long with stop at 6.37, below wud risk pullback twd 6.31/6.32 b4 rebound...

Rate: +6.5000+
Strategy: +Target met+
Position: Long at 6.4250
Objective: 6.5000
Stop-Loss:
Resistance: 6.5510/6.6425/6.7000
Support: 6.3591/6.2750/6.1650



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar falls broadly on worse than expected U.S.
economic data
======================================================

Dollar tumbled broadly on Friday due to the much worse than expected U.S. trade deficit for June and University of Michigan consumer sentiment index for August. The U.S. trade deficit widened to a record $55.8 billion in June, defying expectations for a slight widening to $47 billion, as exports dropped and import rose.

The Michigan sentiment index fell to 94.0 in August, from 96.7 in July and was much lower than economists' forecast of 97.5. The U.S. PPI for July rose by 0.1% m/m, also lower than expectations. The poor showing of U.S. economic data casted fresh doubts on the economy's recovery and the ability to draw foreign capital to fund the growing "twin deficit" gap.

The price of crude oil rose to a record high at $46.0 per barrel nad this was also seen as negative for the outlook of the world's largest economy.

Euro and cable rallied to 1.2275 and 1.8455 while the greenback fell to 110.46 and 1.2377 against Japanese yen and Swiss franc
respectively.

Monday will see the release of another batch of U.S. economic figures, including Empire State Index, net capital inflows and foreign treasury buying data. These reports are likely to provide more volatility for the U.S. unit.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 16, 04)
======================================================
Time Country Indicator
1230 U.S. NY Fed Manufacturing Aug
1300 U.S. Net Capital inflows Jun
1300 U.S. Foreign Treasury buys Jun


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 110.63
Update Time : 01:30GMT

Despite Friday's rise to 112.10, subsequent strong retreat suggests further choppy trading within triangle-like consolidation from 112.49 would continue and as long as 109.82 sup holds, bullishness remains for a strong rebound to take place later today but resistance at 112.10 is expected to remain intact.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
WEEKLY TECHNICAL OUTLOOK ON USD/YEN
======================================================
USD/YEN - 110.60..Although the greenback rose to 112.10 due to much weaker than expected Japan's GDP data on Friday, sub-sequent strg retreat on a record U.S. trade deficit in June caused price to fall sharply to an intra-day low of 110.46 b4 trading sideways in U.S. session.

Despite Friday's selloff fm 112.10, the price action fm last month's high at 112.49 is 'possibly' developing into a broad triangle with a-leg:112.49-109.82, b-leg:112.10 n c-leg is now under way n as long as 109.82 sup holds, subsequent strg rebound is envisaged, however, a breach of 112.10 res is needed to confirm upside break has occured, yield resumption of recent upmove fm 107.02 for a stronger retrace. of the decline fall fm 114.90 to 113.20 (62% proj. of 107.02-112.49 measured fm 109.82) later this month.

Today, buying dlr on dips in anticipation of a rebound is advised with stop placed below 109.82, as below wud signal downside break has taken place instead n bring strg retrace. of aforesaid upmove fm 107.02 twd 109.11 (62% r) but price is expected to hold well abv chart sup at 108.10...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================
INTRA-DAY GBP/USD OUTLOOK - +1.8440+
Update Time : 2004/08/13 16:35GMT

As cable has rebounded again after holding abv 1.8370 (prev. res), suggesting intra-day rally wud extend gain to 1.8440/45, however, as broad outlook remains consolidative, reckon res at 1.8475 wud hold on 1st testing.

Buy again with stop as indicated, below risk retracement to 1.8330/35 b4 up...

Rate: +1.8440+
Strategy: +Target met+
Position: +Long at 1.8400+
Objective: 1.8440
Stop-Loss:
Resistance: 1.84751.8511/1.8572
Support: 1.8370/1.8310/1.8247


INTRA-DAY GBP/USD OUTLOOK - +1.8340+
Update Time : 2004/08/13 12:49GMT

As cable has rebounded strongly after the worse than expected U.S. trade deficit, suggesting temp. low has beemn formed at 1.8134 n consolidation with upside bias for retrace. of nr term fall fm 1.8475 is underway to 1.8340/40 but 1.8370 wud hold.

Buy again with stop as indicated, break wud signal stronger
correction to 1.8245/50 b4 up...

Rate: +1.8340+
Strategy: +Target met+
Position: +Long at 1.8300+
Objective: 1.8340
Stop-Loss:
Resistance: 1.8370/1.8407/1.8475
Support: 1.8247/1.8195/1.8134


INTRA-DAY EUR/USD OUTLOOK - +1.2340+
Update Time : 2004/08/13 13:16GMT

As intra-day upmove has gathered momentum, suggesting last week's rally has resumed n abv 1.2304 res wud confirm this view n bring further gain twds 1.2351, however, o/bot condition is likely to limit upside to 1.2380.

Buy again on dips for 1.2300 or on break of 1.2304 for 1.2340. Below 1.2245/50 risks 1.2220/25...

Rate: +1.2340+
Strategy: +Target met+
Position: +Long at 1.2305+
Objective: +1.2340+
Stop-Loss:
Resistance: 1.2351/1.2393/1.2462
Support: 1.2263/1.2175/1.2144


INTRA-DAY USD/CHF OUTLOOK - +1.2480+
Update Time : 2004/08/13 12:40GMT

As intra-day selloff fm 1.2630 has accelerated, suggesting a test of 1.2508 wud be seen, below wud confirm last week's fall fm 1.2860 has resumed for further weakness to 1.2480, however, o/sold condition is likely to limit downside to 1.2450.

Sell with stop as indicated n take profit on subsequent decline...

Rate: +1.2480+
Strategy: +Target met+
Position: Short at 1.2540
Objective: 1.2480
Stop-Loss:
Resistance: 1.2547/1.2647/1.2686
Support: 1.2485/1.2453/1.2407


INTRA-DAY USD/YEN OUTLOOK - +110.70+
Update Time : 2004/08/13 12:59GMT

Present penetration of 111.25 after the worse than exepcted U.S. trade deficit suggests temp. top is made at 112.10 n consolidation with downside bias for retrace. of nr term rise fm 109.82 to 110.70/75 but 110.42/45 sup wud hold on 1st testing.

Sell again with stop as indicated, abv wud signal stronger correction to 111.65/70 b4 retreat...

Rate: +110.70+
Strategy: +Target met+
Position: Short at 111.10
Objective: 110.70
Stop-Loss:
Resistance: 112.10/112.49/113.00
Support: 111.48/111.25/110.76


INTRA-DAY USD/YEN OUTLOOK - +111.45+
Update Time : 2004/08/13 12:31GMT

Dlr's retreat fm 112.10 suggests a temp. top has been made there n consolidation with mild downside bias is seen for retrace. to 111.50 but sup at 111.25 (prev. res) shud remain intact n yield resumption of recent upmove.

Hold short for st trade n exit on decline, stop 112.00, abv wud risk marginal gain twds 112.49...

Rate: +111.45+
Strategy: +Target met+
Position: Short at 111.80
Objective: 111.50
Stop-Loss:
Resistance: 112.10/112.49/113.00
Support: 111.48/111.25/110.76


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.60+
Update Time : 2004/08/13 00:04GMT

As euro has risen strongly after the release of weaker than expected GDP, suggesting correction fm 136.58 has indeed ended earlier at 135.14 n further gain twd chart res at 136.70 is envisaged but rec-kon 137.00 wud limit upside due to o/bot condition.

Buy for this move with stop as indicated, below wud defer n risk
pullback twd 135.63 sup...

Rate: +136.60+
Strategy: +Target met+
Position: +Long at 136.28+
Objective: 136.65
Stop-Loss:
Resistance: 136.70/137.02/137.86
Support: 136.12/135.63/135.14


SEP T-BOND FUTURES DAILY OUTLOOK - 111.04
Update Time : 2004/08/13 12:42GMT

T-bond's rebound after holding abv 110.02 indicates a test of 111.04 wud be seen but a firm break is needed to signal correction fm 112.00 has ended.

Trade fm long side with stop as indicated, below said sup wud risk correction to 109.26/28...

Rate: 111.04
Strategy: +Target met+
Position: Long at 110.10
Objective: 111.04
Stop-Loss:
Resistance: 111.04/111.10/112.00
Support: 110.02/109.15/109.08


DAILY USD/ZAR OUTLOOK - +6.5000+
Update Time : 2004/08/13 06:32GMT

Dlr's rally abv 6.3591 res indicates retrace. of intermediate decline fm 7.1602 is under way for further gain to 6.5000 b4 retreat due to o/b condition.

Trade fm long with stop at 6.37, below wud risk pullback twd 6.31/6
.....................................................................................................................................32 b4 rebound...

Rate: +6.5000+
Strategy: +Target met+
Position: Long at 6.4250
Objective: 6.5000
Stop-Loss:
Resistance: 6.5510/6.6425/6.7000
Support: 6.3591/6.2750/6.1650



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 13, 2004 – updated daily

Yesterday proved to be another very disappointing day with tech problems and high oil prices again impacting on market sentiment.

Well what about today? U.S. stock futures are certainly indicating that we could see a flat but positive opening to today’s trading helped by a solid financial report and outlook provided yesterday by Dell after the closing bell.

Please however remember that today is Friday the 13th, oil continues to hover at near record peaks and terrorist fears are once again to the fore. While another sell-off could therefore be on the cards, a technical rebound is overdue although whether that will happen without a trigger such as a huge market capitulation, is not known. Worth perhaps noting that the market's top was reached when 90% of stocks were trading above their 200 day moving averages and that this figure has now fallen to less than 50%. Also the short interest is now at enormous levels and the market, particular the tech sector, has had an almost uniform sell-off, irrespective of the quality of the company or its earnings.

Watch today for the release of several key economic indicators reflecting inflation (PPI) and the consumer (consumer sentiment).

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: EFJI; EMA; MTRX.
Watch Stocks: EFJI; RFMD; ECLG.
Possible Trend Reversals: AMCC; EVCI; ADRX; MVL; CKFR; EYE; APOL; PACR; MOSY; SWW; HILL; IDEV; WGAT; IDWK; IWOV; LSCP; CREE;.
Failures: DCEL; CYTK; LOUD; DSPG; SSTI; SWKS; IVAC; SGTL; TKO; EBKR; RETK; AVNX; CORI; RDWR; EFII; HELX; SANM; CMGI; UTSI; ALVR; ARTX; ARRS; ROG; MSPD; CGNX; MAMA; VISG; PTIX; ANDW; LSI; OVTI; STKL; DRIV; PLXT; BKHM; WEBX; CNXT; JCOM.
Deletions: SONSE (now SONS.PK – while this stock could have considerable potential if the Company can, by the end of the current month provide restated accounts & quarterly figures, we do not include in our Watch List stocks quoted on the Pink Sheets)

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2198
Update Time : 08:15GMT

As euro has fallen after being capped below 1.2320 resistance, suggesting intermediate rise from 1.2020 is still being retraced, however, oversold condition would limit downside and reckon 1.2090 would hold and yield rebound to 1.2260/70 later.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY USD/CHF OUTLOOK - +1.2599+
======================================================
Update Time : 2004/08/13 08:22GMT

Despite early stronger than expected rebound, subsequent renewed selling at 1.2630 suggests an intra-day top has possibly been made n further choppy consolidation with downside bias is seen for weakness to 1.2547/50 but 1.2508 wud hold fm here.

Reinstate short on recovery, stop abv there, only breach of 1.2647 wud risk 1.2686/88 res...

Rate: +1.2599+
Strategy: +Hold short+
Position: +Short at 1.2600+
Objective: 1.2550 1st
Stop-Loss: 1.2632
Resistance: 1.2647/1.2686/1.2725
Support: 1.2547/1.2491/1.2453


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/GBP CROSS OUTLOOK - 0.6719
======================================================
Update Time : 2004/08/13 08:17GMT

Euro's present firmness suggests upside bias remains for another leg of upmove fm last month's low at 0.6545 to retrace intermediate decline fm 0.7088 to take place n bring further gain to 0.6750/55 b4 retreat due to o/bot condition.

Buy pullback with stop below 0.6672 sup, break wud prolong choppy consolidation n risk 0.6652...

Rate: 0.6719
Strategy: Buy at 0.6705
Position:
Objective: 0.6750
Stop-Loss: 0.6670
Resistance: 0.6733/0.6768/0.6815
Support: 0.6672/0.6652/0.6622


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 393.90
======================================================
Update Time : 2004/08/13 00:47GMT

Current retreat after holding below indicated res 398.00 has retained our bearishness for early fall fm 400.80 to extend weakness twd 390.90 sup.

Hold short, stop 396.50, only abv said res wud prolong consolidation n risk 400.00 b4 down...

Rate: 393.90
Strategy: Short at 395.50
Position:
Objective: 392.00
Stop-Loss: 396.50
Resistance: 397.80/400.80/402.00
Support: 392.95/390.90/389.30


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================
GBP/YEN DAILY CROSS OUTLOOK - +202.30+
Update Time : 2004/08/12 17:17GMT

Despite stg's rebound fm 202.18, this move is move is viewed as retrace. of decline fm 204.03, reckon 203.20/25 wud hold n yield
retreat.

Sell for indicated obj, below 202.18 wud extend weakness to 201.65/70. Abv 203.30 risks 203.80/85.

Rate: +202.30+
Strategy: +Target met+
Position: Short at 202.90
Objective: 202.30
Stop-Loss:
Resistance: 203.31/204.22/205.29
Support: 202.18/201.65/201.20


DAILY OUTLOOK ON USD/CAD - +1.3300+
Update Time : 2004/08/12 15:11GMT

Usd's rally abv 1.3263 signals retrace. of recent fall fm 1.3385 has resumed n gain to 1.3300 is seen but 1.3345/50 shud hold n bring retreat.

Hold long, stop raised to break-even. Only below 1.3210 signals temp. top is made n risk 1.3130...


Rate: +1.3300+
Strategy: +Target met+
Position: Long at 1.3230
Objective: 1.3300
Stop-Loss:
Resistance: 1.3290/1.3347/1.3370
Support: 1.3195/1.3130/1.3075


DAILY USD/ZAR OUTLOOK - 6.2800
Update Time : 2004/08/12 13:34GMT

Dlr's rebound after holding abv 6.1650 sup suggests retrace. of nr term fall fm 6.3591 remains in force n gain to 6.2800 is seen but 6.3150 shud hold.

Buy at market with stop as indicated, break wud revive bearishness n
yield 6.12/6.13...


Rate: 6.2800
Strategy: +Target met+
Position: Long at 6.2200
Objective: 6.2800
Stop-Loss:
Resistance: 6.2750/6.2839/6.3165
Support: 6.1650/6.0733/6.0250


INTRA-DAY USD/YEN OUTLOOK - +111.00+
Update Time : 2004/08/12 13:32GMT

Lack of downside follow through selling n current rebound suggest a temp. low has been formed n consolidation with mild upside bias is seen for retrace. of y'day's decline twd 111.10/15 but res at 111.45/48 wud remain intact.

Turn long for st trade, stop 110.45, break wud risk marginal weakness twds 110.14...

Rate: +111.00+
Strategy: +Target met+
Position: +Long at 110.70+
Objective: 111.00
Stop-Loss:
Resistance: 111.07/111.48/111.90
Support: 110.45/110.14/109.82


INTRA-DAY GBP/USD OUTLOOK - +1.8360+
Update Time : 2004/08/12 12:31GMT

Although cable has retreated after meeting res at 1.8337, as long as 1.8300 holds, bullishness remains for y'day's rebound fm 1.8247 to extend gain to indicated obj., however, as broad outlook is consolidative, res at 1.8407 wud cap upside.

Trade fm long side, stop 1.8295, break wud risk 1.8270 but said sup shud contain weakness...

Rate: +1.8360+
Strategy: +Target met+
Position: Long at 1.8324
Objective: 1.8360
Stop-Loss:
Resistance: 1.8340/1.8407/1.8475
Support: 1.8294/1.8247/1.8201


INTRA-DAY USD/YEN OUTLOOK - +110.49+
Update Time : 2004/08/12 08:52GMT

Although dlr has recovered after finding sup at 110.49 in Asia, as long as minor res at 110.95 holds, intra-day downside bias remains for nr term decline fm 111.48 to resume n extend weakness to 110.30/35 but 110.14 is expected to remain intact.

Trade fm short side, stop abv there, break wud signal intra-day low is in place n risk 111.25/30..

Rate: +110.49+
Strategy: +Target met+
Position: Short at 110.75
Objective: 110.45
Stop-Loss:
Resistance: 110.95/111.07/111.48
Support: 110.14/109.82/109.11


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar steadies on rising U.S. retail sales data
======================================================

Dollar fell briefly against major currencies on Thursday but rebounded in U.S. session as investors reckoned that the U.S. retail sales for July showed consumer spending was still growing at a healthy rate despite the number being below economists' forecasts.

The July sales rose by 0.7% m/m compared to the market expectation of a 1.1% growth. The June sales was revised to a fall of 0.5%, better than the previously reported decline of 1.1%. In addition, the weekly jobless claims came in at slightly better than expected at 333,000. However, geopolitical risk and higher crude oil prices limited the greenback's upside.

Euro and Cable fell from 1.2304 and 1.8370 to 1.2218 and 1.8195 respectively. Dlr/chf and Dlr/yen also rebounded fm 1.2508 to 1.2595 and fm 110.45 to 111.25 respectively.

Friday will see the release of Japan and E-12 GDP for Q2, U.S. PPI, University of Michigan sentiment, as well as Canadian and U.S. trade balance data.



======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 13, 04 )
======================================================
Time Country Indicator
0650 France HICP M/M Jul
0650 France HICP Y/Y Jul
0900 E-12 GDP Q/Q Q2
0900 E-12 GDP Y/Y Q2
1230 U.S. PPI M/M Jul
1230 U.S. PPI ex. food & energy Jul
1230 U.S. International trade Jun
1230 Canada Trade balance Jun
1345 U.S. U. of Michigan sentiment Aug


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 111.72
Update Time : 01:00GMT

The greenback has rebounded strongly after finding renewed buying at 110.45 yesterday, bullishness remains for test of overhead res at 111.90 but a firm break there is needed to confirm recent upmove from 107.02 has resumed and yield marginal gain above last week's high of 112.49.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON GBP/USD
======================================================
Last Update At : 2004/08/13 00:51

GBP/USD..1.8222..Despite cable's intra-day euro-led rise to 1.8370 y'day, active cross selling in stg led to a sharp fall to 1.8191 later in the day, however, as long as pivotal sup at 1.8150 holds, further choppy trading is envisaged within recent broad range.

Today, although cable is likely to remain under pressure in Asia after y'day's selloff, reckon steep fall below 1.8191 wud not be seen, bring rebound later for a retracement of the intermediate decline fm 1.8370 but 1.8300/05 (61.8% r) shud limit upside n yield retreat. Therefore, we will look to trade both sides of the market n buy stg on marginal weakness or sell if a recovery to 1.8300 is seen 1st.

Looking at the bigger , below 1.8150 wud signal decline fm 1.8774 to retrace the upmove fm 1.7480 (May '04 low) has resumed, bring re-test of 1.8085 n then twd chart sup at 1.8012. On the upside, a break abv 1.8370 wud suggest pullback fm 1.8475 has possibly resumed, abv 1.8407 wud confirm n bring a correction of aforesaid decline to 1.8510/15 (61.8% r of 1.8774-1.8085)...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================
GBP/YEN DAILY CROSS OUTLOOK - +202.30+
Update Time : 2004/08/12 17:17GMT

Despite stg's rebound fm 202.18, this move is move is viewed as retrace.of decline fm 204.03, reckon 203.20/25 wud hold n yield
retreat.

Sell for indicated obj, below 202.18 wud extend weakness to 201.65/70. Abv 203.30 risks 203.80/85.

Rate: +202.30+
Strategy: +Target met+
Position: Short at 202.90
Objective: 202.30
Stop-Loss:
Resistance: 203.31/204.22/205.29
Support: 202.18/201.65/201.20


DAILY OUTLOOK ON USD/CAD - +1.3300+
Update Time : 2004/08/12 15:11GMT

Usd's rally abv 1.3263 signals retrace. of recent fall fm 1.3385 has resumed n gain to 1.3300 is seen but 1.3345/50 shud hold n bring retreat.

Hold long, stop raised to break-even. Only below 1.3210 signals
temp. top is made n risk 1.3130...


Rate: +1.3300+
Strategy: +Target met+
Position: Long at 1.3230
Objective: 1.3300
Stop-Loss:
Resistance: 1.3290/1.3347/1.3370
Support: 1.3195/1.3130/1.3075


DAILY USD/ZAR OUTLOOK - 6.2800
Update Time : 2004/08/12 13:34GMT

Dlr's rebound after holding abv 6.1650 sup suggests retrace. of nr term fall fm 6.3591 remains in force n gain to 6.2800 is seen but 6.3150 shud hold.

Buy at market with stop as indicated, break wud revive bearishness n yield 6.12/6.13...


Rate: 6.2800
Strategy: +Target met+
Position: Long at 6.2200
Objective: 6.2800
Stop-Loss:
Resistance: 6.2750/6.2839/6.3165
Support: 6.1650/6.0733/6.0250


INTRA-DAY USD/YEN OUTLOOK - +111.00+
Update Time : 2004/08/12 13:32GMT

Lack of downside follow through selling n current rebound suggest a temp. low has been formed n consolidation with mild upside bias is seen for retrace. of y'day's decline twd 111.10/15 but res at 111.45/48 wud remain intact.

Turn long for st trade, stop 110.45, break wud risk marginal weakness twds 110.14...

Rate: +111.00+
Strategy: +Target met+
Position: +Long at 110.70+
Objective: 111.00
Stop-Loss:
Resistance: 111.07/111.48/111.90
Support: 110.45/110.14/109.82


INTRA-DAY GBP/USD OUTLOOK - +1.8360+
Update Time : 2004/08/12 12:31GMT

Although cable has retreated after meeting res at 1.8337, as long as 1.8300 holds, bullishness remains for y'day's rebound fm 1.8247 to extend gain to indicated obj., however, as broad outlook is consolidative, res at 1.8407 wud cap upside.

Trade fm long side, stop 1.8295, break wud risk 1.8270 but said sup shud contain weakness...

Rate: +1.8360+
Strategy: +Target met+
Position: Long at 1.8324
Objective: 1.8360
Stop-Loss:
Resistance: 1.8340/1.8407/1.8475
Support: 1.8294/1.8247/1.8201


INTRA-DAY USD/YEN OUTLOOK - +110.49+
Update Time : 2004/08/12 08:52GMT

Although dlr has recovered after finding sup at 110.49 in Asia, as long as minor res at 110.95 holds, intra-day downside bias remains for nr term decline fm 111.48 to resume n extend weakness to 110.30/35 but 110.14 is expected to remain intact.

Trade fm short side, stop abv there, break wud signal intra-day low is in place n risk 111.25/30..

Rate: +110.49+
Strategy: +Target met+
Position: Short at 110.75
Objective: 110.45
Stop-Loss:
Resistance: 110.95/111.07/111.48
Support: 110.14/109.82/109.11


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 12, 2004 – updated daily

A further weakness in technology stocks caused in particular by cautious comments from Cisco plus continuing worries about the Russian oil giant YUKOS impacted on sentiment and resulted yesterday in markets once again closing in negative territory. Our own Watch Stocks were all over the place with the volatility providing numerous trading opportunities. Also although we do not provide stock picks as such it was pleasing to note that all our new additions once again closed up.

For today U.S. stock futures are once again indicating that markets could open significantly lower today.

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: EFJI; RFMD. (Please note that while in our opinion there are a lot of undervalued techs out there such as FDRY, MCRL etc. we are for the moment trying to limit our choices to those stocks where we see some short term driver for the price.)
Watch Stocks: ECLG.
Possible Trend Reversals: ADRX; DCEL; CYTK; LOUD; MVL; DSPG; SSTI; CKFR; EYE; APOL; PACR; MOSY; SWW; SWKS; IVAC; SGTL; TKO; EBKR; HILL; RETK; IDEV; WGAT; IDWK; IWOV; LSCP; CREE;.
Failures: AVNX; CORI; RDWR; EFII; HELX; AMCC; SANM; CMGI; UTSI; ALVR; ARTX; ARRS; ROG; MSPD; CGNX; MAMA; VISG; PTIX; ANDW; SONSE; EVCI; LSI; OVTI; STKL; DRIV; PLXT; BKHM; WEBX; CNXT; JCOM.
Deletions:

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Comment from “Market Thoughts” on the fundamentals and technicals of the current stock market: http://www.shrewdinvesting.com/links.asp?keywords=market+thoughts&do_search=1


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2253
Update Time : 08:15GMT

As euro has rebounded after finding support at 1.2195, suggesting correction from 1.2320 has ended there and upside bias remains for upmove from 1.1968 to resume, bring re-test of said resistance later but overbought condition would prevent strong rise and risk has increased for a retreat.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/USD OUTLOOK - +1.2270+
======================================================
Update Time : 2004/08/12 08:46GMT

Euro's firm breach of 1.2248 indicates upside bias remains for a strg retracement of the decline fm 1.2320 n further gain twd 1.2288/91 is envisaged but reckon said res wud hold on 1st testing due to o/bought condition n bring retreat.

Buy dips with stop as indicated, below 1.2216 wud abort n yield re-test of 1.2195...


Rate: +1.2270+
Strategy: +Hold long+
Position: +Long at 1.2255+
Objective: 1.2285
Stop-Loss: +1.2260+
Resistance: 1.2288/1.2320/1.2368
Support: 1.2216/1.2195/1.2121


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY AUD/USD OUTLOOK - 0.7156
======================================================
Update Time : 2004/08/12 07:59GMT

As aussie has risen in tandem with euro, a break abv 0.7179 res wud confirm early upmove fm 0.6932 to retrace intermediate decline fm 0.7348 remains in progress for further gain to 0.7200 but 0.7225/30 wud cap upside.

Buy A$ on dips with stop below 0.7103, break wud risk 0.7060/65 b4 rebound...

Rate: 0.7156
Strategy: Buy at 0.7130
Position:
Objective: 0.7200
Stop-Loss: 0.7090
Resistance: 0.7179/0.7226/0.7281
Support: 0.7103/0.7078/0.7044


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - 98.13
======================================================
Update Time : 2004/08/12 00:29GMT

Although eurodlr's decline fm 98.24 wud extend marginal weakness, reckon 98.09/10 sup wud hold fm here n yield rebound later.

Buy dips with stop as indicated. Abv 98.15 wud signal corrective fall has ended, 98.17/18 1st...

Rate: 98.13
Strategy: Buy at 98.10
Position:
Objective: 98.18
Stop-Loss: 98.06
Resistance: 98.17/98.24/98.30
Support: 98.09/98.06/98.00


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

DAILY NZD/USD OUTLOOK - +0.6550+
Update Time : 2004/08/11 18:21GMT

Kiwi's rebound fm 0.6465 suggests correction fm 0.6567 has ended n further gain to 0.6550 is seen but abv needed to extend recent
upmove twds 0.6610.

Hold long, stop as indicated, break aborts n risks stronger retrace. to 0.6410/15 b4 rebound...


Rate: +0.6550+
Strategy: +Target met+
Position: Long at 0.6485
Objective: 0.6550
Stop-Loss:
Resistance: 0.6567/0.6620/0.6682
Support: 0.6465/0.6412/0.6365


EUROPEAN CLOSING GBP/USD OUTLOOK - +1.8300+
Update Time : 2004/08/11 15:22GMT

As cable has rebounded after holding abv 1.8247/49 sup, suggesting consolidation with upside bias to 1.8300/05 is seen but abv needed to confirm intra-day low is made n bring retrace. of y'day's selloff to 1.8340 but 1.8375/80 shud remain intact.

Hold long, stop as indicated. Only below 1.8247 wud risk marginal weakness to 1.8315/20 b4 up...


Rate: +1.8300+
Strategy: +Target met+
Position: Long at 1.8265
Objective: 1.8300
Stop-Loss:
Resistance: 1.8340/1.8407/1.8475
Support: 1.8247/1.8201//1.8150


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.28+
Update Time : 2004/08/11 02:37GMT

As euro has retreated after y'day's rally to 136.58, suggesting recent upmove has made a temp. top there n consolidation with downside bias is envisaged but reckon 135.80 shud contain pullback n yield rebound, however, said res wud hold in Asia.

Exit short n buy at 136.00 for rebound to 136.30 with stop at 135.75
.........................................................................................................................................

Rate: +136.28+
Strategy: +Target met+
Position: +Long at 136.00+
Objective: 136.30 1st
Stop-Loss:
Resistance: 136.58/137.00/137.39
Support: 135.90/135.57/135.20



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages
caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar trades narrowly ahead of U.S. consumer
spending data
======================================================

Dollar maintained a firm undertone on Wednesday as the market digested Tuesday's U.S. interest rate hike and waited to see if upcoming economic data would support the Fed's optimism. Investors will pay attention to the release of U.S. retail sales data on Thursday in order to gauge the current growth rate of consumer spending.

Euro fell to 1.2195 and Dlr/chf rallied to 1.2647 on active cross selling against Japanese yen. However, cable rebounded to 1.8322 while Dlr/yen retreated to 110.60.

Thursday will see the release of 2nd quarter German GDP, U.S. weekly jobless claims, retail sales, import prices and business inventories data.



======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today ( Aug 12, 04 )
======================================================

Time Country Indicator
0600 Germany GDP Q/Q Q2
0600 Germany GDP Y/Y Q2
0645 France GBP Q/Q Q2
1230 U.S. Jobless claims
1230 U.S. Retail sales M/M Jul
1230 U.S. Retail sales ex. auto Jul
1230 U.S. Import prices Jul
1400 U.S. Business inventories Jun


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 110.63
Update Time : 01:00GMT

The greenback has retreated after faltering below 111.48, suggesting the rebound from 109.82 has possibly ended there and further chopy consolidation within recent established board range of 109.82-112.49 with downside bias would be seen, however, said sup would remain intact today.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/08/12 01:50

EUR/USD..1.2230..Although the single currency fell marginally to 1.2195 due to cross trading, subsequent recovery fm there suggests the selloff fm 1.2320 to retrace last week's intermediate rise fm 1.2020 has possibly ended n consolidation with upside bias wud be seen today.

Therefore, we are buying euro on minor pullback for a subseqeunt bounce to 1.2275, however, as broad outlook remains consolidative, this week's high at 1.2320 is expected to hold for today n bring further choppy sideways trading within established broad range. On the downside, below 1.2195 wud defer this bullish view n risk marginal weakness twds 1.2170 (50% r), however, as 15 min. oscillators wud display bullish convergence on such move, reckon renewed buying wud emerge at 1.2135/44 (50% r of of the entire rise fm 1.1968-1.2320 n 62% r of 1.2020-1.2320) n yield rebound.

Looking ahead, abv 1.2288/91 wud be 1st signal upmove fm 1.1968 to retrace the decline fm 1.2462 has resumed n bring further gain to 1.2368 (80.9% r), however, upside wud be ltd to 1.2400 n 1.2462 wud hold on 1st testing...



======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================

DAILY NZD/USD OUTLOOK - +0.6550+
Update Time : 2004/08/11 18:21GMT

Kiwi's rebound fm 0.6465 suggests correction fm 0.6567 has ended n further gain to 0.6550 is seen but abv needed to extend recent
upmove twds 0.6610.

Hold long, stop as indicated, break aborts n risks stronger retrace. to 0.6410/15 b4 rebound...


Rate: +0.6550+
Strategy: +Target met+
Position: Long at 0.6485
Objective: 0.6550
Stop-Loss:
Resistance: 0.6567/0.6620/0.6682
Support: 0.6465/0.6412/0.6365


EUROPEAN CLOSING GBP/USD OUTLOOK - +1.8300+
Update Time : 2004/08/11 15:22GMT

As cable has rebounded after holding abv 1.8247/49 sup, suggesting consolidation with upside bias to 1.8300/05 is seen but abv needed to confirm intra-day low is made n bring retrace. of y'day's selloff to 1.8340 but 1.8375/80 shud remain intact.

Hold long, stop as indicated. Only below 1.8247 wud risk marginal weakness to 1.8315/20 b4 up...


Rate: +1.8300+
Strategy: +Target met+
Position: Long at 1.8265
Objective: 1.8300
Stop-Loss:
Resistance: 1.8340/1.8407/1.8475
Support: 1.8247/1.8201//1.8150


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.28+
Update Time : 2004/08/11 02:37GMT

As euro has retreated after y'day's rally to 136.58, suggesting recent upmove has made a temp. top there n consolidation with downside bias is envisaged but reckon 135.80 shud contain pullback n yield rebound, however, said res wud hold in Asia.

Exit short n buy at 136.00 for rebound to 136.30 with stop at 135.75
.........................................................................................................................................

Rate: +136.28+
Strategy: +Target met+
Position: +Long at 136.00+
Objective: 136.30 1st
Stop-Loss:
Resistance: 136.58/137.00/137.39
Support: 135.90/135.57/135.20



======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2235
Update Time : 08:15GMT

Euro's retreat from 1.2320 suggests a temporary top has been formed there and consolidation with downside bias is seen for a retracement of upmove from 1.1968, however, oversold condition should prevent steep fall and reckon 1.2120/25 would hold and yield rebound.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/YEN CROSS OUTLOOK - +135.85+
======================================================
Update Time : 2004/08/11 09:00GMT

As euro has fallen after meeting renewed selling at 136.39, suggesting consolidation with downside bias is seen but as this move is viewed as minor correction of recent upmove, reckon 135.57 wud hold n yield rebound to 136.25/30.

Buy dips, stop below there, break wud signal temp. top has been
formed n yield test of 135.20...

Rate: +135.85+
Strategy: +Hold long+
Position: +Long at 135.85+
Objective: 136.25
Stop-Loss: 135.55
Resistance: 136.58/137.00/137.39
Support: 135.57/135.20/135.00


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY NZD/USD OUTLOOK - +0.6485+
======================================================
Update Time : 2004/08/11 09:58GMT

Although kiwi's retreat fm 0.6567 indicates nr term downside bias remains for correction of upmove to 0.6480/85, reckon 0.6450 wud contain weakness.

Venture long on dips for 0.6550 but abv said res is needed for
0.6590/95. Below 0.6440, 0.6412..


Rate: +0.6485+
Strategy: +Long at 0.6485+
Position: +Long at 0.6485+
Objective: 0.6550
Stop-Loss: 0.6445
Resistance: 0.6567/0.6620/0.6682
Support: 0.6480/0.6412/0.6365


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP T-BOND FUTURES DAILY OUTLOOK - 110.12
======================================================
Update Time : 2004/08/11 00:21GMT

Y'day's selloff fm 111.04 indicates decline fm 112.00 has resumed n retrace. of recent upmove to 109.30/00 is seen but 109.15 (prev. res) wud hold.

Hold short, stop as indicated, abv risks 110.28/30 but abv 111.04 needed to signal correction over.

Rate: 110.12
Strategy: Short at 110.17
Position:
Objective: 110.00
Stop-Loss: 110.22
Resistance: 111.04/111.10/112.00
Support: 109.28/109.15/109.08


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2240+
Update Time : 2004/08/10 18:58GMT

As euro has retreated after early gain to 1.2320, suggesting intra-day top has possibly been formed n consolidation with downside bias to 1.2235/40 is seen but reckon 1.2200/05 wud remain intact n yield rebound later due to o/sold condition.

Sell at market with stop as indicated, abv wud signal recent upmove has resumed, 1.2235/40 1st...

Rate: +1.2240+
Strategy: +Target met+
Position: Short at 1.2277
Objective: 1.2240
Stop-Loss:
Resistance: 1.2320/1.2351/1.2400
Support: 1.2245/1.2190/1.2121


INTRA-DAY EUR/USD OUTLOOK - +1.2300+
Update Time : 2004/08/10 13:56GMT

As euro has remained confined within nr term established range, suggesting further sideways trading wud be seen, however, as long as 1.2263 holds, bullishness is seen for recent upmove to resume for marginal gain twds 1.2310/15 b4 retreat.

Hold long with stop as indicated, only below 1.2245 wud confirm
temp. top is made, risk 1.2210/15.

Rate: +1.2300+
Strategy: +Target met+
Position: Long at 1.2270
Objective: 1.2300
Stop-Loss:
Resistance: 1.2317/1.2351/1.2400
Support: 1.2245/1.2190/1.2121


INTRA-DAY USD/YEN OUTLOOK - +111.40+
Update Time : 2004/08/10 18:57GMT

As dlr has penetrated 110.99, suggesting retrace. of recent fall fm 112.49 remains in force n further gain to 111.45/50 is seen but 111.70/75 wud hold due to o/bot condition n bring retreat later.

Buy at market with stop as indicated n take profit on such move, below wud signal temp. top is made n yield 110.40/45...

Rate: +111.40+
Strategy: +Target met+
Position: Long at 111.05
Objective: +111.40+
Stop-Loss:
Resistance: 111.47/111.69/111.90
Support: 110.65/110.42/110.14


INTRA-DAY USD/CHF OUTLOOK - +1.2595+
Update Time : 2004/08/10 18:50GMT

As dlr has risen strongly after marginal weakness to 1.2491, suggesting intra-day low is made n consolidation with upside bias to retrace recent decline fm 1.2860 is under way n gain to 1.2595/00 is seen but 1.2620/25 wud hold n bring retreat later.

Buy at market with stop as indicated, below wud risk re-test of
1.2491 sup...

Rate: +1.2595+
Strategy: +Target met+
Position: Long at 1.2555
Objective: 1.2595
Stop-Loss:
Resistance: 1.2600/1.2686/1.2725
Support: 1.2493/1.2479/1.2436


INTRA-DAY USD/CHF OUTLOOK - +1.2500+
Update Time : 2004/08/10 14:13GMT

Similar to euro, dlr is expected to remain confined within nr term established range n as long as 1.2550/55 holds, bearishness is seen for recent decline to resume for re-test of 1.2493, below wud extend marginal weakness to 1.2470 'later'.

Hold short, stop 1.2555, break wud risk another corrective rebound to 1.2575/78 n possibly 1.2600..

Rate: +1.2500+
Strategy: +Target met+
Position: Short at 1.2540
Objective: 1.2500
Stop-Loss:
Resistance: 1.2575/1.2600/1.2686
Support: 1.2493/1.2479/1.2436


INTRA-DAY GBP/USD OUTLOOK - +1.8310+
Update Time : 2004/08/10 18:49GMT

Cable's present breach of 1.8240 suggests retrace. of recent rise fm 1.8085 remains in progress n further weakness to 1.8305/10 is seen but 1.8270 sup shud remain intact due to o/sold condition n bring rebound later.

Sell at market with stop as indicated, abv wud signal low is made, 1.8415/20...

Rate: +1.8310+
Strategy: +Target met+
Position: Short at 1.8352
Objective: 1.8310
Stop-Loss:
Resistance: 1.8420/1.8445/1.8475
Support: 1.8305/1.8270/1.8201


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.35+
Update Time : 2004/08/10 14:03GMT

As recent upmove fm 132.86 remains in progress, suggesting further gain to indicated obj. wud be seen, however, weakening of momentum wud prevent strg rise abv 136.60/65 n reckon 137.00 wud cap upside n bring much-needed retreat.

Hold long, stop as indicated, only below 135.57 wud signal intra-day top is made, 135.20...

Rate: +136.35+
Strategy: +Target met+
Position: Long at 136.00
Objective: 136.35
Stop-Loss:
Resistance: 136.70/137.00/137.39
Support: 135.90/135.57/135.20


DAILY EUR/YEN CROSS OUTLOOK - +136.20+
Update Time : 2004/08/10 13:40GMT

Euro's rebound after finding renewed buying at 135.20 suggests recent upmove has resumed n further gain twd 136.30/35 is envisaged, however, loss of momentum wud cap price below daily res at 136.70 n risk fm there has increased for a correction.

Hold long with stop below there, break signals a temp. top is made n risks pullback to 134.80...

Rate: +136.20+
Strategy: +Target met+
Position: Long at 135.60
Objective: 136.20
Stop-Loss:
Resistance: 136.32/136.70/137.02
Support: 135.53/135.20/134.42


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6680+
Update Time : 2004/08/10 08:32GMT

As euro has traded narrowly after rebounding fm 0.6652, suggesting consolidation with upside bias remains for recent rise fm 0.6580 to resume, bring further gain to indicated obj. n then twds 0.6700 b4 retreat due to loss of momentum.

Hold long, stop as indicated, below risks stronger correction to 0.6635/40 b4 up.

Rate: +0.6680+
Strategy: +Target met+
Position: Long at 0.6660
Objective: 0.6680
Stop-Loss:
Resistance: 0.6686/0.6700/0.6733
Support: 0.6652/0.6622/0.6591


DAILY EUR/GBP CROSS OUTLOOK - +0.6695+
Update Time : 2004/08/10 14:46GMT

Euro's present firmness suggests as long as 0.6649 sup (prev. res) holds, upside bias remains for early rally fm 0.6580 to retrace the fall fm 0.6733 to resume later twds 0.6700, however, as broad outlook is consolidative, said res wud remain intact.

Hold long, stop at break-even, only below 0.6649 wud signal top is made n risk 0.6622 sup...

Rate: +0.6695+
Strategy: +Target met+
Position: Long at 0.6655
Objective: 0.6695
Stop-Loss:
Resistance: 0.6700/0.6733/0.6768
Support: 0.6676/0.6649/0.6622

======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548









Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 11, 2004 – updated daily

It’s too early to tell but yesterday could possibly have been a suckers rally based on a bullish economic outlook from the Federal Reserve. What might however influence markets today is a realization that the FOMC left the door open for further early interest rate hikes against a background of two consecutive months of disappointing employment growth. Also while oil may have dropped out of the spotlight many analysts now believe that in the short term there could be further significant increases and that is based on the fundamentals and does not take into account any disruption to supplies

For the moment U.S. stock futures are currently indicating that markets could open significantly lower today

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: ADRX; ECLG; DCEL.
Watch Stocks: CYTK.
Possible Trend Reversals: CKFR; EYE; APOL; AVNX; CORI; PACR; RDWR; EFII; MOSY; SWW; HELX; AMCC; SANM; SWKS; IVAC; CMGI; SGTL; UTSI; TKO; ALVR; EBKR; ARTX; ARRS; HILL; RETK; ROG; IDEV; WGAT; MSPD; IDWK; CGNX; MAMA; IWOV; VISG; LSCP; CREE; PTIX; ANDW; SONSE.
Failures: LOUD; EVCI; LSI; MVL; OVTI; STKL; DSPG; DRIV; PLXT; BKHM; SSTI; WEBX; CNXT; JCOM.
Deletions: AGRa (has shown significant strength over recent days); ARTX (up 13% yesterday/poor results); PETS (has shown significant strength over recent days).

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Comment from “Market Thoughts” on the fundamentals and technicals of the current stock market: http://www.shrewdinvesting.com/links.asp?keywords=market+thoughts&do_search=1


Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

MARKET REVIEW: Dollar rises on Fed rate hike and hawkish
statement
======================================================

Dollar rebounded strongly on Tuesday after the FOMC meeting, with the Fed deciding to raise the Fed Fund rate by 0.25% to 1.50% as anticipated and also issuing a hawkish statement on the U.S. economic and inflationary outlook. The Fed reaffirmed her bullish view by stating that the recent soft batch of U.S. economic data was transitory and there would be more rate hikes going forward. This led to economists revising their forecasts and there are now expectations that another quarter point hike would be seen in the next FOMC meeting.

Earlier, U.K. released weaker than expected CPI (1.4%) and RPI (-0.2%) for July, the data suggesting that the BOE is not likely raise U.K interest rates in the next MPC meeting after five consecutive hikes. Hence, cable fell sharply versus the dollar and especially the euro.

Euro and cable fell to 1.2225 and 1.8250. The greenback also rose to 1.2638 and 111.48 against the Swiss franc and Japanese yen respectively.

Wednesday will see the release of German inflation data, U.K. claimant count, as well as U.S. Federal Budget.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today ( Aug 11, 2004 )
======================================================

Time Country Indicator
2350 Japan Current Account NSA Jun
0600 Germany HICP Final M/M Jul
0600 Germany HICP Final Y/Y Jul
0830 U.K. Claimant Count Jul
0830 U.K. Average Earning Y/Y Jul
1800 U.S. Fed Budget Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 111.28
Update Time : 01:10GMT

Yesterday's strong rebound after the Fed raised interest rate by 25 basis points (reaffirming its bullish view on the U.S. economic recovery) suggests retracement of the decline from 2.49 remains in force, however, broad outlook remains consolidative and reckon upside should be capped below 111.90 res today and yield retreat later.



======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON USD/YEN
======================================================
Last Update At : 2004/08/11 00:55

USD/YEN - 111.22..Despite yesterday's initial choppy sideways trading, the greenback penetrated 110.93/99 (now sup) after the U.S. expected rate hike (at 1815GMT). Our apologies to those who followed our daily recommendation n made some losses.

Today, dollar's rebound fm 109.82 suggests a strg retracement of the decline fm 112.49 is under way n as long as 110.93/99 holds, intra-day upside bias remains for marginal gain to 111.50/60, however, chart res at 111.90 shud hold fm here due to o/bot readings on the hourly oscillators. On the downside, a firm break below 110.99 wud indicate price wud continue to gyrate within recent established 109.82-112.49 board range with downside bias for test of y'day's low at 110.42 but sup at 109.82 is expected to remain intact.

Looking ahead, a daily close abv 111.90 wud signal recent upmove fm 107.02 has resumed n bring one more rise abv 112.49, however, weakening of momentum wud limit upside to 113.20 (62% proj. of 107.02-112.49 measured fm 109.82) n yield retreat later...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================

INTRA-DAY EUR/USD OUTLOOK - +1.2240+
Update Time : 2004/08/10 18:58GMT

As euro has retreated after early gain to 1.2320, suggesting intra-day top has possibly been formed n consolidation with downside bias to 1........................................................................................................................................2235/40 is seen but reckon 1.2200/05 wud remain intact n yield rebound later due to o/sold condition.

Sell at market with stop as indicated, abv wud signal recent upmove has resumed, 1.2235/40 1st...

Rate: +1.2240+
Strategy: +Target met+
Position: Short at 1.2277
Objective: 1.2240
Stop-Loss:
Resistance: 1.2320/1.2351/1.2400
Support: 1.2245/1.2190/1.2121


INTRA-DAY EUR/USD OUTLOOK - +1.2300+
Update Time : 2004/08/10 13:56GMT

As euro has remained confined within nr term established range suggesting further sideways trading wud be seen, however, as long as 1.2263 holds, bullishness is seen for recent upmove to resume for marginal gain twds 1.2310/15 b4 retreat.

Hold long with stop as indicated, only below 1.2245 wud confirm temp. top is made, risk 1.2210/15.

Rate: +1.2300+
Strategy: +Target met+
Position: Long at 1.2270
Objective: 1.2300
Stop-Loss:
Resistance: 1.2317/1.2351/1.2400
Support: 1.2245/1.2190/1.2121


INTRA-DAY USD/YEN OUTLOOK - +111.40+
Update Time : 2004/08/10 18:57GMT

As dlr has penetrated 110.99, suggesting retrace. of recent fall fm 112.49 remains in force n further gain to 111.45/50 is seen but 111.70/75 wud hold due to o/bot condition n bring retreat later.

Buy at market with stop as indicated n take profit on such move, below wud signal temp. top is made n yield 110.40/45...

Rate: +111.40+
Strategy: +Target met+
Position: Long at 111.05
Objective: +111.40+
Stop-Loss:
Resistance: 111.47/111.69/111.90
Support: 110.65/110.42/110.14


INTRA-DAY USD/CHF OUTLOOK - +1.2595+
Update Time : 2004/08/10 18:50GMT

As dlr has risen strongly after marginal weakness to 1.2491, suggesting intra-day low is made n consolidation with upside bias to retrace recent decline fm 1.2860 is under way n gain to 1.2595/00 is seen but 1.2620/25 wud hold n bring retreat later.

Buy at market with stop as indicated, below wud risk re-test of 1.2491 sup...

Rate: +1.2595+
Strategy: +Target met+
Position: Long at 1.2555
Objective: 1.2595
Stop-Loss:
Resistance: 1.2600/1.2686/1.2725
Support: 1.2493/1.2479/1.2436


INTRA-DAY USD/CHF OUTLOOK - +1.2500+
Update Time : 2004/08/10 14:13GMT

Similar to euro, dlr is expected to remain confined within nr term established range n as long as 1.2550/55 holds, bearishness is seen for recent decline to resume for re-test of 1.2493, below wud extend marginal weakness to 1.2470 'later'.

Hold short, stop 1.2555, break wud risk another corrective rebound to 1.2575/78 n possibly 1.2600..

Rate: +1.2500+
Strategy: +Target met+
Position: Short at 1.2540
Objective: 1.2500
Stop-Loss:
Resistance: 1.2575/1.2600/1.2686
Support: 1.2493/1.2479/1.2436


INTRA-DAY GBP/USD OUTLOOK - +1.8310+
Update Time : 2004/08/10 18:49GMT

Cable's present breach of 1.8240 suggests retrace. of recent rise fm 1.8085 remains in progress n further weakness to 1.8305/10 is seen but 1.8270 sup shud remain intact due to o/sold condition n bring rebound later.

Sell at market with stop as indicated, abv wud signal low is made, 1.8415/20...

Rate: +1.8310+
Strategy: +Target met+
Position: Short at 1.8352
Objective: 1.8310
Stop-Loss:
Resistance: 1.8420/1.8445/1.8475
Support: 1.8305/1.8270/1.8201


INTRA-DAY EUR/YEN CROSS OUTLOOK - +136.35+
Update Time : 2004/08/10 14:03GMT

As recent upmove fm 132.86 remains in progress, suggesting further gain to indicated obj. wud be seen, however, weakening of momentum wud prevent strg rise abv 136.60/65 n reckon 137.00 wud cap upside n bring much-needed retreat.

Hold long, stop as indicated, only below 135.57 wud signal intra-day top is made, 135.20...

Rate: +136.35+
Strategy: +Target met+
Position: Long at 136.00
Objective: 136.35
Stop-Loss:
Resistance: 136.70/137.00/137.39
Support: 135.90/135.57/135.20


DAILY EUR/YEN CROSS OUTLOOK - +136.20+
Update Time : 2004/08/10 13:40GMT

Euro's rebound after finding renewed buying at 135.20 suggests recent upmove has resumed n further gain twd 136.30/35 is envisaged, however, loss of momentum wud cap price below daily res at 136.70 n risk fm there has increased for a correction.

Hold long with stop below there, break signals a temp. top is made n risks pullback to 134.80...

Rate: +136.20+
Strategy: +Target met+
Position: Long at 135.60
Objective: 136.20
Stop-Loss:
Resistance: 136.32/136.70/137.02
Support: 135.53/135.20/134.42


INTRA-DAY EUR/GBP CROSS OUTLOOK - +0.6680+
Update Time : 2004/08/10 08:32GMT

As euro has traded narrowly after rebounding fm 0.6652, suggesting consolidation with upside bias remains for recent rise fm 0.6580 to resume, bring further gain to indicated obj. n then twds 0.6700 b4 retreat due to loss of momentum.

Hold long, stop as indicated, below risks stronger correction to 0.6635/40 b4 up.

Rate: +0.6680+
Strategy: +Target met+
Position: Long at 0.6660
Objective: 0.6680
Stop-Loss:
Resistance: 0.6686/0.6700/0.6733
Support: 0.6652/0.6622/0.6591


DAILY EUR/GBP CROSS OUTLOOK - +0.6695+
Update Time : 2004/08/10 14:46GMT

Euro's present firmness suggests as long as 0.6649 sup (prev. res) holds, upside bias remains for early rally fm 0.6580 to retrace the fall fm 0.6733 to resume later twds 0.6700, however, as broad outlook is consolidative, said res wud remain intact.

Hold long, stop at break-even, only below 0.6649 wud signal top is made n risk 0.6622 sup...

Rate: +0.6695+
Strategy: +Target met+
Position: Long at 0.6655
Objective: 0.6695
Stop-Loss:
Resistance: 0.6700/0.6733/0.6768
Support: 0.6676/0.6649/0.6622


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 10, 2004 – updated daily

Market activity is expected to be light in advance of comments later this afternoon from Federal Reserve policy makers on the health of the economy and their decision as to whether or not to raise interest rates – a quarter point lift from the current 1.25% is anticipated.

In the meantime U.S. stock futures are currently indicating a flat opening to today’s trading

For comment from “Market Thoughts” on the fundamentals and technicals of the current stock market please use the following link: http://www.shrewdinvesting.com/links.asp?keywords=market+thoughts&do_search=1

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: CKFR; EYE.
Watch Stocks: APOL; AVNX; CORI; PACR; RDWR; EFII; CYTK.
Possible Trend Reversals: LOUD; VISG; LSCP; CREE; PTIX; ANDW; SONSE; EVCI; AGRa; PETS.
Failures: MOSY; SWW; HELX; AMCC; SANM; SWKS; IVAC; LSI; CMGI; SGTL; MVL; OVTI; UTSI; TKO; ALVR; STKL; EBKR; DSPG; ARTX; DRIV; ARRS; HILL; RETK; ROG; IDEV; WGAT; MSPD; IDWK; CGNX; PLXT; BKHM; SSTI; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions:

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2277
Update Time : 08:10GMT

Euro's consolidation from yesterday's high at 1.2291 is likely to continue, however, reckon renewed buying interest wud emerge well above 1.2190/00 and bring resumption of recent upmove from 1.1968, above said resistance would bring one more rise towards 1.2350 later.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/YEN CROSS OUTLOOK - 135.90
======================================================
Update Time : 2004/08/10 08:52GMT

As euro has risen after finding renewed buying at 135.57, suggesting recent upmove fm 132.86 wud extend further gain to indicated obj., however, as this move is losing momentum, reckon 136.30/35 wud cap upside n risk has increased for a retreat.

Hold long, stop as indicated, only below 135.57 wud signal an intra-day top is made n risk 135.20..

Rate: 135.90
Strategy: Hold long
Position: Long at 135.60
Objective: 136.00
Stop-Loss: 135.70
Resistance: 136.00/136.32/136.70
Support: 135.43/135.20/135.00

======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/GBP CROSS OUTLOOK - 0.6676
======================================================
Update Time : 2004/08/10 07:44GMT

Euro's present firmness suggests as long as 0.6649 sup (prev. res) holds, upside bias remains for early rally fm 0.6580 to retrace the fall fm 0.6733 to resume later twds 0.6700, however, as broad outlook is consolidative, said res wud remain intact.

Hold long, stop at break-even, only below 0.6649 wud signal top is made n risk 0.6622 sup...


Rate: 0.6676
Strategy: Hold long
Position: Long at 0.6655
Objective: 0.6695
Stop-Loss: 0.6655
Resistance: 0.6686/0.6700/0.6733
Support: 0.6649/0.6622/0.6601


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 399.50
======================================================
Update Time : 2004/08/10 00:34GMT
SPOT GOLD DAILY OUTLOOK - 399.50

As long as 398.20 holds, upside bias remains for recent upmove fm 385.75 to retrace decline fm 408.60 to resume n extend gain to 402.00, then 406.15.

Hold long, stop below there, break risks stronger correction but
reckon 395.50 sup wud hold...

Rate: 399.50
Strategy: Long at 398.50
Position: Long at 398.50
Objective: 402.00
Stop-Loss: 398.00
Resistance: 402.00/406.15/408.60
Support: 398.20/394.50/390.90


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN ` +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548





Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

MARKET REVIEW: Dollar edges up ahead of FOMC meeting on
Tuesday
======================================================

Dollar edged a touch higher on Monday due to position adjustments ahead of the FOMC interest rate decision on Tuesday. However, sentiment remained negative on the U.S. unit after last Friday's poor U.S. employment report for July. Some investors expected that although the Fed was likely to raise interest rates by 0.25% on Tuesday's meeting, uncertainty of the pace of U.S. economic growth would keep the Fed's tightening cycle on hold ahead of the U.S. Presidential election in November.

U.S. wholesale inventories rose by 1% in June and although it beat forecasts of a 0.5% rise, the data did not have much positive impact on the greenback. Euro and Cable retreated slightly from 1.2291 to 1.2245 and 1.8445 to 1.8378. Dlr/yen strengthened to 110.93 on active cross selling in yen while dlr/chf was range-trading between 1.2501 and 1.2575.

Tuesday's focus will be on the FOMC meeting, with the interest rate decision expected to be announced at 1815GMT. On the data front, U.K will release trade deficit, CPI and RPI; Germany will release trade surplus for June while the U.S. will release productivity and labour cost data for the second quarter.




======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 23, 2004)
======================================================

Time Country Indicator
0600 Germany Trade Balance (Euros) Jun
0830 U.K. Trade Balance Jun
0830 U.K. CPI Y/Y Jul
0830 U.K. RPI - X M/M Jul
0830 U.K. RPI - X Y/Y Jul
1230 U.S. Productivity Q2
1230 U.S. Labour Cost Q2
1815 U.S. Fed Rate Decision


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 110.66
Update Time : 00:45GMT

Although dollar has recovered after finding support at 109.82, this move looks corrective and reckon upside would be limited, bring resumption of erratic decline from 112.49, below 110.14 would confirm and yield stronger retracement of upmove from 107.02 to 109.50 later.



======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON USD/YEN
======================================================
Last Update At : 2004/08/10 00:23

USD/YEN - 110.70..Despite yesterday's initial weakness, failure to test Friday's low at 109.82 n subsequent cross-inspired rebound fm 110.14 to 110.93 suggest caution on our daily short but as long as 110.93/00 holds, downside bias remains for early decline fm 112.49 to correct recent upmove fm 107.02 to resume, below 110.14 sup wud confirm n extend weakness to 109.50, however, steep fall below there is unlikely n reckon 109.11 (62% r) shud hold n yield rebound later.

We are holding short with stop placed at 111.00, as break wud signal the decline fm 112.49 is being retraced instead n risk stronger rebound to 111.47 (50% r of 112.49-109.82) but res at 111.90 shud cap upside today n yield another decline later this week.

On the upside, only a daily close abv 111.90 wud signal aforesaid upmove has indeed resumed n yield subsequent re-test of 112.49 res, abv wud bring one more rise to 113.20, being 62% proj. of 107.02-112.49 measured fm 109.82, however, price wud falter well below 114.00...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADES
======================================================
INTRA-DAY EUR/YEN CROSS OUTLOOK - +135.80+
Update Time : 2004/08/09 18:20GMT

Despite early retreat fm 135.89, as renewed buying at 135.40/45 has lifted euro, upside bias is retained for resumption of recent upmove fm 130.75, bring re-test of said res n then twd 136.00 which is likely to hold on 1st testing.

Hold long, stop as indicated, break wud signal temp. top is made n risk retrace. to 134.95/00.


Rate: +135.80+
Strategy: +Target met+
Position: Long at 135.45
Objective: 135.80
Stop-Loss:
Resistance: 136.00/136.32/136.70
Support: 135.20/135.00/134.57


INTRA-DAY EUR/YEN CROSS OUTLOOK - +135.75+
Update Time : 2004/08/09 12:02GMT

Although euro has eased after faltering below res 135.70 n consolidation is in store, bullishness remains for recent upmove to resume, bring re-test of res 135.70/79, abv wud extend marginally twd 136.00 b4 pullback due to loss of momentum.

Hold long, stop as indicated, only below 135.20 wud signal intra-day top is made n risk 134.90/95..

Rate: +135.75+
Strategy: +Target met+
Position: Long at 135.45
Objective: 135.75
Stop-Loss:
Resistance: 135.79/136.00/136.32
Support: 135.00/134.57/134.28


DAILY EUR/YEN CROSS OUTLOOK - 135.22
Update Time : 2004/08/09 07:43GMT

Although euro has retreated after holding below res at 135.79, pullback shud be ltd to 134.90 n upside bias remains for recent upmove fm 130.15 to resume later, abv said res wud encourage for marginal gain to 136.30/35 but 136.90/00 wud remain intact.

Trade fm long side, stop 134.70, below wud risk retrace. to 134.42 b4 rebound later this week...

Rate: 135.22
Strategy: Hold long
Position: Long at 135.20
Objective: 136.00
Stop-Loss: 134.70
Resistance: 135.79/136.32/136.70
Support: 135.00/134.42/133.53


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 09, 2004 – updated daily

World markets are down heavily today playing catch-up with the U.S. which saw stocks fall quite dramatically Friday on much worse than expected payroll figures.

For the moment U.S. stock futures are indicating a flat opening to today’s trading but in view of increased fears for the World economy, unless we get a technical bounce assisted by short covering/bargain hunting we see little incentive at the moment for buyers to return to the market.

Our advice last week to only commit new money to “special” situations therefore remains relevant.

For those who are interested in obtaining a free weekly investor’s commentary that focuses on the fundamentals and technicals of the current stock market, please click on the following link to “Market Thoughts”: http://www.shrewdinvesting.com/links2.asp?LinkId=1069

While we continue to add more stocks to our Watch Stocks we have for the moment decided not to have any further deletions.

Today’s Additions: APOL; AVNX; LOUD
Watch Stocks: VISG; CORI; LSCP; PACR; RDWR; EFII; CYTK.
Possible Trend Reversals: MOSY; SONSE; EVCI; AGRa; PETS.
Failures: SWW; HELX; AMCC; SANM; SWKS; CREE; IVAC; LSI; CMGI; SGTL; PTIX; MVL; OVTI; UTSI; TKO; ALVR; STKL; EBKR; DSPG; ARTX; DRIV; ARRS; HILL; RETK; ROG; IDEV; WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; BKHM; SSTI; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions:

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2261
Update Time : 08:15GMT

Last Friday's rally confirms decline from 1.2462 has formed a temporary low at 1.1968 and a retracement of said fall is under way for further gain towards 1.2340/50 before retreat due to loss of momentum. Below 1.2190 would bring pullback to 1.2150/60 before prospect of a rebound.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
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======================================================

======================================================
INTRA-DAY EUR/USD OUTLOOK - 1.2266
======================================================
Update Time : 2004/08/09 08:37GMT

As 1.2253 has contained pullback fm 1.2291, suggesting correction has possibly ended there n outlook remains supportive for Friday's rally to resume for marginal gain to 1.2300 but loss of nr term momentum wud limit upside to 1.2325/30.

Buy again with stop at 1.2245, break wud risk retrace. to 1.2210/15 b4 up...

Rate: 1.2266
Strategy: Buy again at market
Position:
Objective: 1.2300
Stop-Loss: 1.2245
Resistance: 1.2291/1.2317/1.2351
Support: 1.2230/1.2190/1.2121


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY AUD/USD OUTLOOK - 0.7155
======================================================
Update Time : 2004/08/09 08:27GMT

A$'s rally abv 0.7078 (now sup) confirms recent decline fm 0.7348 has made a low earlier at 0.6932 n upside bias is seen for a strg retracement of this move to 0.7185/90 (62% r) but reckon 0.7230 wud hold due to o/bot condition n bring retreat.

Trade fm long side, stop below 0.7120. Only break of 0.7078 wud signal temp. top is made...

Rate: 0.7155
Strategy: Hold long
Position: Long at 0.7125
Objective: 0.7185
Stop-Loss: 0.7118
Resistance: 0.7182/0.7252/0.7281
Support: 0.7120/0.7078/0.7044


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP T-BOND FUTURES DAILY OUTLOOK - 111.01
======================================================
Update Time : 2004/08/09 00:22GMT

Although T-bond has retreated after last Friday's rally to 112.00, as long as 110.16 holds, upmove fm 106.05 shud resume for said res n then 112.14.

Hold long, stop below said sup, break wud risk 110.05 but 109.15 wud hold n bring rebound...


Rate: 111.01
Strategy: Long at 110.31
Position: Long at 110.31
Objective: 111.28
Stop-Loss: 110.15
Resistance: 111.08/112.00/112.14
Support: 110.16/109.28/109.15


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989


======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness
or completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the
consequences of such activities. Trendsetter and its affiliates, in no
event, be liable to users or any third parties for any consequential
damages, however arising, including but not limited to damages
caused by negligence whether such damages were foreseen or
unforeseen.

[Shrewd Dude]

MARKET REVIEW - Dollar tumbled on weaker than expected U.S. jobs report
======================================================

Dollar took a beating on Friday due to the dramatic weaker than expected U.S. non-farm payrolls for July. The data only grew by 32,000 against the economists' forecast of 228,000. The unemployment rate, however, fell to 5.5% in July from 5.6% in June.

The weak non-farm payrolls suggested that although the Fed would still increase interest rates by 0.25% at next week's FOMC meeting, it would take a longer period of time before the next possible hike. As a result, the U.S. unit fell to 109.82 and 1.2493 against the Japanese yen and Swiss franc, while Euro and cable rallied to 1.2290 and 1.8475 respectively.

This week's focus will be the FOMC meeting on Tuesday, with the market already having discounted a hike of 0.25% in Fed Fund rate. On the data front, Monday will see the release of U.K PPI for July and U.S. wholesale inventories for June.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 23, 2004)
======================================================

Time Country Indicator
0830 U.K. PPI Output M/M Jul
0830 U.K. PPI Output Y/Y Jul
1400 U.S. Wholesale Inventory Jun



======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:45GMT

USD/YEN - 110.25

As dollar has penetrated 110.82 (previous support) on Friday after the release of much weaker than expected non-farm payroll data, suggesting recent upmove from 107.02 has made a top at 112.49 earlier and a strong retracement of this move is under way for further losses but 109.27 sup would remain intact today.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
WEEKLY TECHNICAL OUTLOOK ON USD/CHF
======================================================
Last Update At : 2004/08/09 01:01

USD/CHF..1.2530..Dlr gyrated within a broad range of 1.2686-1.2860 initially last week b4 falling sharply after lower lvl was penetrated on Friday n at least a strg correction of the rise fm 1.2202 is under way, bring further weakness twd 1.2453 (61.8% r), however, a daily close below 1.2407 (previous res now sup) is needed to signal aforesaid upmove has ended n bring eventual re-test of 1.2202.

On the upside, abv 1.2686/88 anytime wud signal decline fm 1.2860 has ended instead, then recent upmove fm 1.2202 to retrace the selloff fm 1.3230 wud resume for one more rise twd 1.2929 (70.7% r of 1.3230-1.2202) but said res is expected to remain intact n yield further choppy trading within the triangle-like consolidation fm this year's low at 1.2140.

Today, although dlr has recovered fm 1.2493, this move is viewed as a minor correction of last Friday's selloff n 1.2560/65 (current lvl of 21-hr ema) shud limit upside, yield another decline later today. Abv 1.2600 wud defer this bearish scenario but 1.2686/88 shud hold...



======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/08/06 00:10GMT
DAILY AUD/USD OUTLOOK - 0.7020

Despite y'day's choppy sideways trading, as long as 0.6990 sup holds, mild upside bias remains for early rise fm 0.6932 to retrace intermediate decline fm 0.7348 to resume, abv 0.7078 wud confirm n bring subsequent gain to 0.7100/10.

Trade fm long side, stop below 0.6990, break signals top made n yields 0.6955 but 0.6932 wud hold..

Rate: 0.7020
Strategy: Hold long
Position: Long at 0.7040
Objective: 0.7100
Stop-Loss: 0.6988
Resistance: 0.7078/0.7143/0.7189
Support: 0.6990/0.6957/0.6932


======================================================
AceTrader Performance Update
======================================================
July 2004 (Pips)
Intraday Daily
USD/YEN +217 -31
EUR/USD +509 +186
USD/CHF +529 +499
GBP/USD +752 +301

YTD 2004 (Pips)
Intraday Daily
USD/YEN +338 -31
EUR/USD +2550 +1130
USD/CHF +2421 +1001
GBP/USD +2941 +548

Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989


P.S. If you want to be removed from our list, please reply this email with subject 'Remove'.



======================================================
Disclaimer
======================================================

Trendsetter does not warrant or guarantee the accuracy, timeliness or
completeness to its service or information contained therein.
Trendsetter does not give, whatsoever, warranties, expressed or
implied, to the results to be obtained by using its services or
information it provided. Users are trading on their own risk and
Trendsetter shall not be responsible under any circumstances for the
consequences of such activities. Trendsetter and its affiliates, in no
event, be liable to users or any third parties for any consequential
damages, however arising, including but not limited to damages
caused by negligence whether such damages were foreseen or
unforeseen.

[Shrewd Dude]

Our Top 50 Watch Stocks – August 06, 2004 – updated daily

While oil prices have continued to hit new highs, for the moment U.S. stock futures are indicating a flat but positive opening to today’s trading. While from this level a technical bounce could be expected much will depend on the unemployment data for June that will be released prior to the bell. Also bear in mind that and any recovery may not be sustainable as we move into the weekend and with the Olympics (security concerns) just a week away.

Our investment tip would be to select your own manageable level of watch stocks, get to know how they perform and then watch them carefully to ensure that you catch the eventually rebound.

Today’s Additions: VISG
Watch Stocks: CORI; LSCP; PACR; RDWR; EFII; CYTK.
Possible Trend Reversals: EVCI; SWW; HELX; AMCC; SANM; SWKS; CREE; AGRa; PETS; IVAC; LSI; CMGI; SGTL.
Failures: PTIX; MVL; OVTI; UTSI; TKO; ALVR; STKL; EBKR; DSPG; ARTX; DRIV; ARRS; HILL; MOSY; RETK; ROG; IDEV; SONSE; WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; BKHM; SSTI; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions: VDWB (small caps increasingly out of favor)

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2063
Update Time : 08:15GMT

Further choppy trading is seen within recent range of 1.1968-1.2121 and a break of upper level would signal decline from 1.2462 is being retraced, bring further gain towards 1.2190 chart resistance.

On the downside, below 1.1990 would indicate aforasaid decline has resumed for weakness to 1.1954.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY USD/YEN OUTLOOK - 111.55
======================================================
Update Time : 2004/08/06 08:48GMT

As dlr has edged lower on cross unwinding in yen, suggesting caution on our intra-day bullishness n below 111.42 wud signal a temp. top has been formed, bring retrace. to 111.20 but y'day's low at 110.82 shud remain intact.

Hold long, stop below there, abv 111.80 wud extend marginal gain to 112.00 but 112.49 wud hold.


Rate: 111.55
Strategy: Hold long
Position: Long at 111.67
Objective: 112.00
Stop-Loss: 111.40
Resistance: 112.23/112.49/113.00
Support: 111.42/110.82/110.40


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY OUTLOOK ON USD/CAD - 1.3174
======================================================
Update Time : 2004/08/06 07:33GMT

Despite early recovery fm 1.3125, as this move looks corrective, recent decline shud resume later for 1.3100 but 1.3055 low wud remain intact.

Hold short, stop as indicated, only abv 1.3232 confirms temp.low is made n risks 1.3285/90 later.

Rate: 1.3174
Strategy: Short at 1.3210
Position: Short at 1.3210
Objective: 1.3130
Stop-Loss: 1.3210
Resistance: 1.3232/1.3290/1.3347
Support: 1.3125/1.3055/1.3000


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 392.50
======================================================
Update Time : 2004/08/06 00:15GMT

Despite nr term sideways trading, as long as 390.90 holds, corrective rise fm 385.75 shud resume for test of 394.50 n then twd 398.20.

Hold long, stop below there, break wud signal recovery fm 385.75 has possibly ended, 388.00/50...

Rate: 392.50
Strategy: Long at 392.30
Position:
Objective: 396.50
Stop-Loss: 390.50
Resistance: 394.50/398.20/400.70
Support: 390.90/389.30/385.75



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

MARKET REVIEW: Dollar fell against European currencies but rose
against Japanese yen
======================================================

Dollar fell on Thursday against the European currencies due to a steep decline in stock markets, however, it rallied strongly versus the yen on a surge in oil prices. Three-month crude oil futures traded on NYMEX jumped nearly 4% to $44.50 a barrel, the highest level since the exchange opened in 1983. In other news, U.S. weekly jobless claims came to 336,000, slightly better than the forecast of 340,000.

The BOE MPC decided to raise the benchmark interest rate by 0.25% to 4.75%. However, the news was already discounted and did not make much impact on sterling. ECB decided to leave interest rate unchanged at 2.0%, also in line with expectations.

Euro and cable rebounded to 1.2074 and 1.8298 respectively while dlr/chf retreated to 1.2730. The U.S. unit rose to 111.77 in late U.S. trading from a low of 110.82 in Asian session.

Friday will see the release of July U.S. unemployment rate and non-farm payrolls, as well as Canadian unemployment rate and jobs change (also for July). The data are expected to create good volatility in the forex markets.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 23, 2004)
======================================================

Time Country Indicator
1100 Canada Unemployment Jul
1100 Canada Jobs Change Jul
1230 U.S. Non-Farm Payrolls Jul
1230 U.S. Unemployment Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:45GMT

As dollar has penetrated 111.75 resistance, suggesting consolidation with upside bias is seen but above 112.49 is needed to signal upmove from 107.02 to retrace decline from 114.90 has resumed, bring further gain toward 113.00 before retreat due to loss of momentum.

Below 111.20/25 would indicate dollar remains within broad range but 110.40 is expected to hold.

======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================

======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
DAILY EUR/YEN CROSS OUTLOOK - 133.94

Current price action suggests as long as 133.53 sup holds, consolidation with upside bias is seen for erratic rise fm 132.86 to retrace decline fm 135.40 to extend gain to 134.60/65, however, as broad outlook is consolidative, 134.94 wud hold.

Buy again on dips, stop below there, break wud defer n risk 133.14 but 132.86 shud remain intact..


Rate: 133.94
Strategy: Buy again
Position:
Objective: 134.60
Stop-Loss: 133.50
Resistance: 134.28/134.94/135.40
Support: 133.53/133.14/132.83



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Our Top 50 Watch Stocks – August 05, 2004 – updated daily

While oil prices are likely to continue to give cause for concern U.S. stock futures are currently indicating a flat but positive opening to today’s trading as bargain hunters return to the market. In such circumstances we would expect many of our Watch Stocks to do well, possibly including those that are today being deleted from our list.

Today’s Additions: CORI; EVCI; LSCP; PACR; SWW.
Watch Stocks: RDWR; EFII; CYTK.
Possible Trend Reversals: PTIX; MVL; HELX; AMCC; SANM; OVTI; SWKS; CREE; AGRa; STKL; PETS; UTSI; IVAC; LSI; CMGI; SGTL.
Failures: CIEN; EBKR; VDWB; DSPG; ARTX; DRIV; ARRS; HILL; TKO; MOSY; RETK; ALVR; SUNW; ROG; IDEV; SONSE; WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; BKHM; SSTI; WTSLA; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions: SUNW; CIEN (while could bounce co had very poor results); MAMA (taking too long); WTSLA (could continue to drift).

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: SONSE

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 1.2061
Update Time : 08:15GMT

As euro has rebounded from 1.1968, suggesting a temporary low has been formed there n consolidation with upside bias is seen, however, above resistance at 1.2121 is needed to confirm a retracement of recent decline from 1.2462 is under way and extend gain towards 1.2190/00.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY GBP/USD OUTLOOK - +1.8235+
======================================================
Update Time : 2004/08/05 09:16GMT

Current stronger than expected retreat fm 1.8298 signals an intra-day top has been made there n consolidation with downside bias is seen for retrace. of y'day's rise fm 1.8150 to 1.8220 but 1.8190/95 is likely to hold on 1st testing.

Exit long n turn short, stop as indicated, only abv 1.8298 wud revive bullishness, 1.8336...

Rate: +1.8235+
Strategy: +Hold short+
Position: +Short at 1.8260+
Objective: 1.8220
Stop-Loss: +1.8255+
Resistance: 1.8336/1.8373/1.8447
Support: 1.8224/1.8190/1.8150



======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY AUD/USD OUTLOOK - 0.7050
======================================================
Update Time : 2004/08/05 07:49GMT

As renewed buying at 0.7010 has lifted A$, retaining bullish prospect for early erratic rise fm 0.6932 to retrace recent fall fm 0.7348 to resume n bring further gain to 0.7100, however, reckon res at 0.7143 wud cap upside n yield retreat later.

Hold long, stop below 0.7010, break confirms top made at 0.7078 but 0.6956 shud remain intact...

Rate: 0.7050
Strategy: Hold long
Position: Long at 0.7040
Objective: 0.7100
Stop-Loss: 0.7008
Resistance: 0.7078/0.7143/0.7189
Support: 0.6990/0.6957/0.6932


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - 98.05
======================================================
Update Time : 2004/08/05 00:54GMT

Although T-bond has retreated fm 109.06, as long as 108.14 holds, upmove fm 106.05 shud resume for gain to 109.08 but reckon 109.15 wud remain intact.Hold long, stop below there, break wud signal top is possibly in place n risk weakness to 108.03.

Rate: 108.24
Strategy: Long at 108.25
Position: Long at 108.25
Objective: 109.08
Stop-Loss: 108.13
Resistance: 109.06/109.15/109.25
Support: 108.14/108.03/107.13


Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
EUR/USD - 1.2018
Update Time : 08:00GMT

Despite euro's retreat from 1.2077, a break of 1.1990 support is needed to signal recent decline from 1.2462 has resumed, bring weakness towards chart support at 1.1954 before rebound due to loss of momentum.

Above said resistance would signal a temporary low has been formed and yield correction towards 1.2190.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY EUR/USD OUTLOOK - +1.2015+
======================================================
Update Time : 2004/08/04 08:21GMT

Euro's strg retreat fm 1.2077 suggests further choppy trading within near term established range wud be seen n although marginal weakness can't be ruled out, sup at 1.1990 shud remain intact n yield recovery to indicated obj. later.

Venture long on dips, stop below there, break wud signal decline has resumed n yield 1.1954 sup..

Rate: +1.2015+
Strategy: +Hold long+
Position: +Long at 1.2015+
Objective: 1.2045
Stop-Loss: 1.1988
Resistance: 1.2077/1.2093/1.2121
Support: 1.1990/1.1954/1.1888


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/YEN CROSS OUTLOOK - 133.86
======================================================
Update Time : 2004/08/04 08:12GMT

Euro's intra-day rebound signals price wud continue to gyrate within early established range fm 135.79 n consolidation with upside bias is seen for retrace. of decline fm 135.40 twds 34.40 but 134.94 wud remain intact n yield retreat later.

Buy dips, stop 133.20, break wud risk another test of 132.83/86 sup
...........................................................................................................................................

Rate: 133.86
Strategy: Buy at 133.65
Position:
Objective: 134.30
Stop-Loss: 133.20
Resistance: 134.20/134.94/135.40
Support: 133.14/132.83/132.30

======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT SILVER DAILY OUTLOOK - 6.65
======================================================
Update Time : 2004/08/04 00:30GMT

Silver's strg rebound fm 6.48 indicates recent rise fm 6.13 has resumed for re-test of prev. res 6.74 but 6.80 wud cap upside n yield correction.

Hold long, stop at 6.60, below wud risk 6.53 but break of 6.48 needed to signal top is in place.

Rate: 6.65
Strategy: Long at 6.56
Position: Long at 6.56
Objective: 6.74
Stop-Loss: 6.60
Resistance: 6.67 / 6.74 / 6.80
Support: 6.53 / 6.48 / 6.38



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Our Top 50 Watch Stocks – August 04, 2004 – updated daily

With oil prices still a cause for concern and U.S. stock futures indicating a negative opening to today’s trading we have decided not to add any new additions to our Top 50 Watch Stocks.

Today’s Additions: No new additions for today
Watch Stocks: PTIX; RDWR; MVL; EFII; CYTK.
Possible Trend Reversals: STKL; PETS; UTSI; IVAC; CIEN; LSI; CMGI; SGTL.
Failures: EBKR; VDWB; DSPG; HELX; ARTX; DRIV; HELX; ARRS; HILL; TKO; AMCC; MOSY; RETK; ALVR; SWKS; SANM; OVTI; SUNW; ROG; CREE; IDEV; SONSE; WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; AGRa; BKHM; SSTI; WTSLA; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions:

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: SONSE; OVTI; JCOM

[Shrewd Dude]

MARKET REVIEW: Dollar weakens on benign U.S. inflation outlook
======================================================

The dollar weakened on Tuesday as U.S. personal income and consumption reports came in weaker than expected at 0.2% and -0.7% m/m respectively. The softer data eroded some lingering expectations that the Fed might be gearing up for a more aggressive cycle of interest rate hikes.

Euro and cable rebounded from intra-day lows of 1.1993 and 1.8172 to 1.2077 and 1.8265 in late U.S. session, while the Swiss franc bounced from 1.2831. Despite high oil prices, dlr/yen remained under pressure and fell to 110.40 on persistent cross buying of yen against European currencies.

Wednesday will see the release of the German employment report for July and eurozone retail sales for June. In addition, U.S. factory orders for June and U.S. ISM (non-manufacturing) for July are scheduled for release at 1400GMT.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 23, 2004)
======================================================

Time Country Indicator
0750 Germany Unemployment Change Jul
0750 Germany Unemployment Jul
0755 Germany Reuters Svcs PMI Jul
0800 E-12 Reuters Svcs PMI Jul
0830 U.K. Reuters Svcs PMI Jul
0900 E-12 Retail Sales M/M Jun
0900 E-12 Retail Sales Y/Y Jun
1400 U.S. Factory Orders Jun
1400 U.S. ISM non-manufacturing Jul


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
USD/YEN - 110.58
Update Time : 00:45GMT

Although dollar's present weakness suggests decline from 112.49 to retrace intermediate upmove from 107.56 remains in progress, loss of momentum would limit downside and yield rebound, however, above 111.15 is needed to signal a temporary low has been formed.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON GBP/USD
======================================================
Last Update At : 2004/08/04 00:49

GBP/USD..1.8245..Although cable fell to an intra-day low of 1.8172 y'day on cross unwinding in stg, subsequent rebound in euro allowed cable to rebound to 1.8270, however, as y'day's Asian high at 1.8285 has held, further consolidation is envisaged within broad range of 1.8172-1.8336.

Today, in view of the consolidative outlook on euro n swissy (which continue to gyrate within established ranges of 1.1990-1.2121 n1.2686-1.2860 respectively), we will stand aside initially as a break abv 1.8285 is needed to signal upmove fm 1.8085 has resumed, bring re-test of this week's high at 1.8336, break there wud confirm retracement of the decline fm 1.8774 is under way n extend gain twd 1.8430 (50% r), however, res at 1.8447 is expected to limit upside n yield consolidation.

On the downside, only a break below 1.8158 sup wud signal decline fm 1.8774 has resumed instead, bring re-test of 1.8085. On the bigger picture, stg's selloff fm 1.8774 is retracing the rise fm 1.7480 n below 1.8085 wud extend weakness twd daily chart lvl at 1.8012...


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
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======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/08/03 11:52GMT
DAILY OUTLOOK ON USD/CAD - +1.3340+

Although usd's nr term rise fm 1.3184 is likely to extend marginally, broad outlook remains consolidative n 1.3385 res shud hold n yield retreat.

Sell recovery n exit on decline as below 1.3256 is needed to extend weakness to 1.3220/30...


Rate: +1.3340+
Strategy: +Short at 1.3340+
Position: +Short at 1.3340+
Objective: 1.3260
Stop-Loss: 1.3388
Resistance: 1.3329/1.3385/1.3449
Support: 1.3256/1.3184/1.3155



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Our Top 50 Watch Stocks – August 03, 2004 – updated daily

With U.S. oil prices reaching record levels above $44 a barrel and U.S. stock futures indicating a negative opening to today’s trading we can only suggest a focus on special situations and that extra care is taken when investing new money.

Today’s Additions: PTIX; STKL (stock under pressure possibly due to results being delayed to 8/9)
Watch Stocks: RDWR; MVL; EFII; CYTK.
Possible Trend Reversals: EBKR; PETS; VDWB; UTSI; DSPG; HELX; ARTX; DRIV; HELX; IVAC; ARRS; CIEN; HILL; LSI; TKO; AMCC; MOSY; RETK; ALVR; SWKS; SANM; CMGI; OVTI; SUNW; ROG; CREE; SGTL; IDEV; SONSE.
Failures: WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; AGRa; BKHM; SSTI; WTSLA; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions: FPDI (taking too long)


Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: FPDI; SONSE; OVTI

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 08:15GMT
EUR/USD - 1.2018

Despite euro's intra-day selloff, a break below last week's low at 1.1990 is needed to confirm recent decline from 1.2462 has resumed and bring marginal weakness towards support at 1.1954 before prospect of a rebound due to loss of momentum.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================

======================================================
INTRA-DAY USD/CHF OUTLOOK - +1.2794+
======================================================
Update Time : 2004/08/03 07:23GMT

As 1.2823 has capped early rise, dlr's retreat fm there suggests further choppy trading within recent established range wud be seen, bring weakness to indicated obj. but reckon minor sup at 1.2730 wud hold on 1st testing.

Turn short on recovery, stop as indicated, only abv 1.2832/35 wud signal upmove has resumed...

Rate: +1.2794+
Strategy: +Hold short+
Position: +Short at 1.2790+
Objective: 1.2750
Stop-Loss: 1.2820
Resistance: 1.2835/1.2860/1.2923
Support: 1.2730/1.2686/1.2664


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY EUR/CHF CROSS OUTLOOK - 1.5376
======================================================
Update Time : 2004/08/03 07:55GMT

Although euro's y'day's fall to 1.5341 confirms a correction of recent upmove has occured, subsequent rebound suggests caution on our bearishness for weakness to 1.5300/10 but loss of momentum wud keep price well abv key sup at 1.5280.

Hold short, stop 1.5410, abv wud abort n risk re-test of 1.5435 res, break, 1.5455/60 b4 retreat.

Rate: 1.5376
Strategy: Hold short
Position: Short at 1.5370
Objective: 1.5320
Stop-Loss: 1.5410
Resistance: 1.5395/1.5435/1.5463
Support: 1.5341/1.5317/1.5280


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - +98.07+
======================================================
Update Time : 2004/08/03 03:31GMT

Eurodlr's breach of 98.07 suggests pullback fm 98.11 has ended at 98.00 n recent upmove has resumed, bring re-test of said res n then twd 98.15.

Buy on dips with stop as indicated, break wud shift risk to downside for re-test of said sup...

Rate: +98.07+
Strategy: +Long at 98.07+
Position: +Long at 98.07+
Objective: 98.13
Stop-Loss: 98.03
Resistance: 98.11/98.15/98.19
Support: 98.04/98.00/97.97



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

MARKET REVIEW: Dollar mixed on security fears and slightly higher than expected U.S. ISM
======================================================

Dollar eased on Monday as fresh security concerns on possible attacks by Al Qaeda on U.S. landmarks and geopolitical risks in Middle East weighed on the greenback. However, the downside was limited due to the release of a stronger than expected U.S. ISM ((manufacturing) for July, which rose to 62.0 from 61.1 the previous month.

Euro rallied to 1.2093 before retreating to 1.2027 in late U.S. session while dlr/chf dipped to 1.2688 before rebounding back to 1.2790. Cable rose to 1.8336 on speculation of possible BOE interest rate hike on Thursday MPC meeting. Dlr/yen weakened to 110.58 on active cross buying in yen against European currencies.

Tuesday will see the release of E-12 PPI and employment report for July, as well as U.S. personal income and consumption data. Major focus remains on Friday's release of U.S. non-farm payrolls.



======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 300/m,(Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Aug 3, 2004)
======================================================

Time Country Indicator
0900 E-12 PPI M/M Jul
0900 E-12 PPI Y/Y Jul
0900 E-12 Unemployment Y/Y Jun
1230 U.S. Personal Income Jun
1230 U.S. Personal Consumption Jun


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:45GMT

USD/YEN - 110.66

Yesterday's breach of 110.81 due to active cross buying in yen indicates the decline from 112.49 to retrace intermediate rise from 107.56 remains in progress and further weakness towards 110.00 is seen before prospect of a rebound due to loss of momentum.


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/08/02 01:02GMT
DAILY USD/CHF OUTLOOK - +1.2775+

Similar to euro, as long as 1.2832/35 holds, consolidation with downside bias is in store n below 1.2686 wud confirm recent upmove has made a top earlier at 1.2860 n bring retrace. to 1.2610/20.

Reinstate short, stop abv said minor res, break wud risk one more rise to 1.2890/00 b4 correction occurs later this week...


Rate: +1.2775+
Strategy: +Hold short+
Position: +Short at 1.2775+
Objective: 1.2690 1st
Stop-Loss: 1.2840
Resistance: 1.2860/1.2929/1.3000
Support: 1.2715/1.2686/1.2591




Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Our Top 50 Watch Stocks – August 02, 2004 – updated daily

With U.S. oil prices reaching a new 21-year peak close to $44 a barrel and increased security it is not looking good for today.

U.S. stock futures are also currently indicating a negative opening to today’s trading.

Today’s Additions CNXT; RDWR.
Watch Stocks: MVL; EBKR; PETS; EFII; CYTK.
Possible Trend Reversals: WGAT; VDWB; UTSI; DSPG; HELX; ANDW; ARTX; DRIV; HELX; IVAC; ARRS; CIEN; HILL; LSI; MSPD; IDWK; TKO; AMCC; MOSY; CGNX; RETK; ALVR; PLXT; AGRa; SWKS; SANM; CMGI; OVTI; SUNW; BKHM; ROG; CREE; SGTL; SSTI; FPDI; WTSLA; MAMA; IDEV; SONSE; WEBX.
Failures: CNXT; JCOM; IWOV.
Deletions: BSQR (poor results); IMAX (taking too long); FTGX (up 20% Friday and reached our short term goal)


Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: FPDI; SONSE

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 08:15GMT

EUR/USD - 1.2072

As euro has rebounded after Friday's selloff to 1.2002, suggesting consolidation with upside bias is seen for re-test of 1.2121 resistance, however, a firm break above there is needed to confirm a retracement of recent decline fm 1.2462 is under way for further gain towards 1.2190.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 300/m, Majors/Minors/Crosses) - USD 360/m Contact us for further information [e-mail]
======================================================

======================================================
DAILY EUR/USD OUTLOOK - +1.2090+
======================================================
Update Time : 2004/08/02 09:10GMT

Current price action suggests as long as Friday's 1.2002 low holds, choppy consolidation with upside bias is seen n abv 1.2097 wud signal a correction of recent fall fm 1.2462 has taken place, bring re-test of 1.2121 1st, then later 1.2170/80.

Trade fm long side, stop below 1.1990, break wud risk weakness twd 1.1954 b4 correction occurs..

Rate: +1.2090+
Strategy: Hold long
Position: Long at 1.2040
Objective: 1.2115
Stop-Loss: +1.2040+
Resistance: 1.2097/1.2121/1.2190
Support: 1.1990/1.1954/1.1900


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY NZD/USD OUTLOOK - 0.6380
======================================================
Update Time : 2004/08/02 05:18GMT

Kiwi's rebound fm 0.6332 suggests nr term rise fm 0.6235 has resumed, bring retrace. of recent decline fm 0.6610 twds 0.6443 res b4 retreat.

Hold long, stop as indicated, break wud signal correction has ended n yield 0.6270/75....

Rate: 0.6380
Strategy: Long at 0.6360
Position: Long at 0.6360
Objective: 0.6425
Stop-Loss: 0.6300
Resistance: 0.6408/0.6443/0.6505
Support: 0.6332/0.6304/0.6235


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 394.00
======================================================
Update Time : 2004/08/02 00:19GMT

Gold's breach of 393.50 confirms a temp. low has been formed at 385.75 n correction of recent fall to 396/397 wud be seen but 400.70 res wud hold.

Trade fm long side with stop as indicated, below wud risk pullback to 390.00 b4 rebound...

Rate: 394.00
Strategy: Long at 391.60
Position: Long at 391.60
Objective: 395.00
Stop-Loss: 392.50
Resistance: 398.20/400.70/402.00
Support: 392.10/388.05/385.75



Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

MARKET REVIEW: Dollar is steady on mixed U.S. economic outlook
======================================================

Dollar ended the week on a firmer undertone against euro and Swiss franc but weaker against sterling and Japanese yen on active cross trading. Earlier on Friday, the U.S. unit fell on the news that the U.S. GDP for Q2 expanded at a pace of 3% after the upward revision of 4.5% in Q1. The data was weaker than expectations and showed that the overall U.S. economic growth was slowing down during an inflationary period.

However, the dollar rebounded strongly against continental currencies but was steady against sterling and Japanese yen after news that both U.S. Michigan sentiment and Chicago PMI rose strongly to 96.7 and 64.7. Both numbers were above expectations of 96.5 and 59.0 respectively.

As a result, Euro fell back to 1.2002 in late U.S. session after rising to 1.2121 while dlr/chf rallied to 1.2832 from an intra-day low of 1.2686. Cable was trading within a range of 1.8157-1.8247 and dlr/yen fell to 111.08 before stabilising.

This week's focus will be the U.S. unemployment report for July. Monday will see the release of U.S. ISM (manufacturing) index for July and construction spending for June.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 300/m, Majors/Minors/Crosses) - USD 360/m Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 30, 2004)
======================================================

Time Country Indicator
0755 Germany Reuters Mfg PMI Jul
0800 E-12 Reuters Mfg PMI Jul
0830 U.K. Reuters Mfg PMI Jul
1400 U.S. ISM Manufacturing Jul
1400 U.S. Construction Spending Jun


======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:50GMT

USD/YEN - 111.27

Dollar's Friday's strong retreat from suggests a temporary top has been formed at 112.49 last week and consolidation with initial downside bias is seen for a retracement of recent upmove before rebound.

Above 112.23 would signal erratic rise from 107.02 has resumed and bring one more rise.


======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
WEEKLY TECHNICAL OUTLOOK ON GBP/USD

======================================================
Last Update At : 2004/08/02 00:42

GBP/USD..1.8212..Cable fell to as low as 1.8085 last week on dlr's broad-based rally b4 staging a rebound, however, last Friday's stronger than anticipated retreat fm 1.8247 to 1.8158 stopped out our long position. Despite the choppy trading seen in eur/dlr, cross buying in stg has kept cable relatively firm.

As long as 1.8240/47 res holds, further consolidation is in store, how-ever, as a temp. low has been formed at 1.8085, upside bias remains for a retracement of the intermediate decline fm 1.8447 n abv 1.8247 wud extend gain to 1.8300/09 previous sup n 61.8% r) but break there is needed to signal a correction of the entire fall fm 1.8774 is under way n bring test of 1.8447 later this week.

On the downside, below Friday's low at 1.8125 wud signal recent decline has resumed n extend weakness twd daily chart sup at 1.8012 but a break there is needed to signal corrective rise fm 1.7480 (May '04 low) has ended. As the outlook is somewhat mixed, we will stand aside initially...



======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 150/m, Majors/Minors/Crosses) - USD 240/m Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/30 07:08GMT
DAILY GBP/USD OUTLOOK - 1.8146

Y'day's rebound fm 1.8085 strongly suggests recent decline fm 1.8774 has finally made a temp. low, abv 1.8210 wud add credence to this view n bring subsequent corrective gain twd 1.8287.

Trade fm long side, stop now at 1.8100, a firm break there wud risk marginal weakness but 'loss of momentum' shud keep cable abv 1.8040/50 today...

Rate: 1.8146
Strategy: Hold long
Position: Long at 1.8135
Objective: 1.8220 1st
Stop-Loss: 1.8100
Resistance: 1.8210/1.8287/1.8348
Support: 1.8085/1.8012/1.7974


======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================


Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Top 20 List of Most Attractive Short-Squeeze Candidates

[BRIEFING.COM -- Robert J. Reid] The late rally off the lows yesterday (on good volume!) has brought some idled trading accounts off the sidelines. Yesterday's late run was aided by a Merrill Lynch technical call suggesting a short-term buying opportunity. The momentum created by that call has carried over to today, with the subsequent short-covering leading to some sizeable gains in the most "leaned on" stocks (e.g., APPX +4.14, NVEC +3.45, PLMO +3.40). Given that the shorts are on the run today, and momentum players will likely try to keep them on their heels near-term, we thought it would be prudent to update our Top 20 List of Most Attractive Short-Squeeze Candidates.

(My note - this was in tabular form, thus the goofy formatting.)

Name - % of float short - Float - Mkt cap - YTD Return

1. Cal-Maine (CALM) 77% 6.7 258 -38.9%
2. Taser (TASR) 66% 21.0 898 +133.7%
3. American Pharma (APPX) 60% 17.0 1,862 -21.1%
4. BioSite (BSTE) 52% 14.4 682 +50.3%
5. SCO Group (SCOX) 50% 9.3 64 -75.3%
6. NetFlix (NFLX) 47% 42.4 1,045 -26.0%
7. OverStock (OSTK) 43% 6.2 632 +73.5%
8. NVE Corp (NVEC) 42% 4.3 133 -42.3%
9. Air T (AIRT) 42% 0.9 32 +135.7%
10. XM Satellite Radio (XMSR) 39% 118.7 4773 -5.3%
11. Krispy Kreme (KKD) 39% 54.9 1152 -49.0%
12. TravelZoo (TZOO) 36% 1.8 421 +216.3%
13. Multimedia Games (MGAM) 36% 25.8 664 +15.9%
14. Jos A Bank Clothiers (JOSB) 35% 10.2 324 +31.5%
15. LeapFrog (LF) 35% 26.7 1,135 -28.2%
16. Orbitz (ORBZ) 32% 12.8 697 -26.1%
17. Panera Bread (PNRA) 32% 28.3 1,115 -6.6%
18. Priceline.com (PCLN) 32% 21.3 869 +28.7%
19. Industrial Svcs (IDSA) 29% 1.2 33.2 +380.7%
20. Beazer Homes (BZH) 28% 12.4 1,221 -8.5%

[Shrewd Dude]

Our Top 50 Watch Stocks – July 30, 2004 – updated daily

Yesterday was an excellent day for many of our Watch Stocks with the best performers being SONSE up 18%, AGRa up 15%, WTSLA up 11% and ALVR also up 11%. You can tell when our Watch Stocks are doing well because many now fall within the “Possible Trend Reversal” category. While all our Watch Stocks continue to be oversold it remains to be seen if profit taking prior to the weekend will have an impact.

For today U.S. stock futures are currently indicating a negative opening to today’s trading.

Today’s Additions: MVL; WGAT.
Watch Stocks: EBKR; PETS; VDWB; UTSI; DSPG; EFII; HELX; CYTK; ANDW; ARTX; DRIV; HELX.
Possible Trend Reversals: ARRS; CIEN; HILL; LSI; MSPD; IDWK; IMAX TKO; AMCC; MOSY; CGNX; CNXT; RETK; ALVR; PLXT; AGRa; SWKS; SANM; CMGI; OVTI; SUNW; FTGX; BKHM; ROG; CREE; SGTL; SSTI; BSQR; FPDI; JCOM; WTSLA; MAMA; IDEV; SONSE; WEBX; IWOV.
Failures: IVAC.
Deletions: SPIL; EVOL.


Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI; FPDI; JCOM; SONSE

[Shrewd Dude]

MARKET REVIEW: Dollar trades in narrow ranges against the majors
======================================================

Dollar settled in narrow ranges after rallying to five-week highs against the major currencies. Newswire reports that an important Al Qaeda suspect was captured led to a knee-jerk reaction in the greenback. Earlier in the day, investors paid little attention to the slightly weaker than expected jobless claims and position adjustment ahead of the release of U.S. GDP and sentiment data on Friday. Nzd/Usd rebounded to 0.6355 after the RBNZ decided to raise the benchmark interest rate by 0.25% to 6.00%.

Euro and cable retreated to 1.2097 and 1.8210 after dipping to 1.1990 and 1.8085 respectively. Usd/chf initially rallied to 1.2860 but retreated to 1.2713 before finishing the day with a firm undertone due to active cross-selling in chf. Usd/yen rallied to 112.49 due to active cross-selling in yen.

Friday's focus will be the release of U.S. GDP for Q2,University of Michigan sentiment index and the Chicago PMI for July. The data are expected to be stronger than the previous releases and should provide support to the greenback.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook,daily
technical outlook, wave analysis (Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
Major Economic Indicators for Today (Jul 30, 2004)
======================================================

Time Country Indicator
0600 Germany Retail Sales M/M Jun
0600 Germany Retail Sales Y/Y Jun
0900 E-12 Economic Sentiment Jul
0900 E-12 Business Climate Jul
1230 U.S. GDP Q2
1300 U.S. NAPM - NY Jul
1345 U.S. U. of Michigan Sentiment Jul
1345 U.S. Chicago PMI Jul



======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:55GMT

USD/YEN - 112.07

As this week's strong upmove has finally been capped at 112.49 yesterday, a day of consolidation is in store with initial downside bias, however, reckon renewed buying would emerge near 111.48 and bring rebound but above 112.49 is for subsequent gain towards 113.00.



======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information [e-mail]
======================================================


======================================================
DAILY TECHNICAL OUTLOOK ON USD/CHF
======================================================
Last Update At : 2004/07/30 01:29

USD/CHF..1.2799..Despite y'day's cross-inspired rise (active selling of chf vs euro) to 1.2860, dlr's subsequent selloff fm there strongly suggests recent upmove fm this month's low of 1.2202 has formed a temp. top.

Today, although 1.2713 has contained dlr's o/n strg retreat n consolida-tion is envisaged initially, reckon said y'day's high wud cap upside n bring a retracement of recent upmove, below 1.2713 wud signal the intermediate rise fm 1.2436 is being corrected n extend weakness to 1.2645/50 (50% r). Therefore, while we are looking to sell on recovery in anticipation of fall to 1.2720, profit shud be taken on such move as renewed buying is likely to emerge abv strg sup at 1.2591/00 n bring rebound next week..

Looking at the daily chart, as MACD has broken abv the zero line (accompanied by an impending bullish crossover of the 13-day n 55-day ema's), upside bias remains for the upmove fm 1.2202 to resume next week n abv 1.2860 wud bring a stronger retracement of the early decline fm 1.3230 for eventual gain to 1.2923/29 1st (chart res n 70.7% r)...

======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 150/m, Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/29 13:21GMT
DAILY USD/CHF OUTLOOK - +1.2826+

Despite present resumption of recent upmove fm 1.2202 to retrace decline fm 1.3230, nr term loss of upward momentum suggests dynamic res at 1.2837 (62% r) wud limit upside n yield a strg retreat later today or tom.

Sell again on further rise to 1.2735/40 but below 1.2715 is needed to signal top seen, 1.2660/70.


Rate: +1.2826+
Strategy: +Hold short+
Position: +Short at 1.2830+
Objective: 1.2740 1st
Stop-Loss: 1.2880
Resistance: 1.2869/1.2923/1.3034
Support: 1.2715/1.2664/1.2591



======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================


Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989

[Shrewd Dude]

Our Top 50 Watch Stocks – July 29, 2004 – updated daily

While overall yesterday was another very disappointing day we were pleased to see that at least some of our Watch Stocks had double digit gains and that profit taking did not unduly affect our Trend Reversals. SONSE has been retained as a trend reversal because of the after hours activity.

We referred to UTSI a couple of days ago when we were suggesting that in the current climate we did not recommend holding stocks though earnings, – UTSI fell yesterday by 29% in spite of a sound performance – a buying opportunity today perhaps!

Our list of Watch Stocks now stands at our target level of 50 so there will now be increased focus on a stocks potential.

For today U.S. stock futures are currently indicating a modest but positive opening to today’s trading.

Today’s Additions: ARRS; CIEN; EBKR; EVOL; HILL; LSI; MSPD; PETS; VDWB.
Watch Stocks: IDWK; IMAX TKO; UTSI; DSPG; EFII; HELX; AMCC; CYTK; MOSY; CGNX; ANDW; ARTX; CNXT; DRIV; HELX; RETK.
Possible Trend Reversal: FTGX; BKHM; ROG; CREE; SGTL; SSTI; BSQR; FPDI; JCOM; WTLSA; MAMA; IDEV; SONSE; WEBX; IWOV.
Failures: ALVR; PLXT; SPIL; AGRa; SWKS; SANM; IVAC; CMGI; OVTI; SUNW.
Deletions:


Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Trend Reversal are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: OVTI; FPDI; JCOM; SONSE

[Shrewd Dude]

TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 08:00GMT

EUR/USD - 1.2051

Euro's rebound from 1.1999 suggests a temporary low has been formed there and consolidation with upside bias is seen, bring retracement of recent decline fm 1.2462, however, reckon chart resistance at 1.2190 wud hold and yield retreat.


======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information [e-mail]
======================================================


======================================================
INTRA-DAY USD/CHF OUTLOOK - +1.2772+
======================================================
Update Time : 2004/07/29 09:17GMT

Renewed cross selling in chf has pushed dlr higher n intra-day upside bias is seen for one more rise twd 1.2837, however, loss of upward momentum wud prevent strg gain n abv there n yield retreat later today.

Turn long on dips, stop as indicated, below wud risk 1.2730/35 but 1.2715 sup shud hold...

Rate: +1.2785+
Strategy: +Hold long+
Position: +Long at 1.2785+
Objective: 1.2825
Stop-Loss: +1.2755+
Resistance: 1.2837/1.2874/1.2923
Support: 1.2715/1.2690/1.2664


======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information [e-mail]
======================================================


======================================================
DAILY NZD/USD OUTLOOK - 0.6312
======================================================
Update Time : 2004/07/29 00:03GMT

Present firmness due to today's 25 b.p. rate hike suggests recent fall has made a temp. low at 0.6235 n gain to 0.6330 is seen, abv, 0.6375/80.

Hold long, stop as indicated n only below 0.6257 aborts this view n risks re-test of 0.6235...

Rate: 0.6312
Strategy: Long at 0.6260
Position: Long at 0.6260
Objective: 0.6330
Stop-Loss: 0.6280
Resistance: 0.6352/0.6408/0.6443
Support: 0.6257/0.6235/0.6193


======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information [e-mail]
======================================================


======================================================
SPOT GOLD DAILY OUTLOOK - 389.50
======================================================
Update Time : 2004/07/29 01:06GMT

Y'day's rebound fm 385.75 suggests recent fall fm 408.60 has made a temp. low n minor 'corrective' gain twd 393.50 is seen but 396.75 wud cap upside.

Hold long, stop below 385.75, below wud risk one more fall but 382.00 sup shud remain intact...


Rate: 389.50
Strategy: Long at 388.50
Position:
Objective: 393.00
Stop-Loss: 385.50
Resistance: 393.50/398.20/402.00
Support: 385.75/382.00/378.90


======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================


Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: [phone]
Fax: [phone]
email: [e-mail]
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989