FX HEATMAP (Daily Data)

	Relative strength = % of Distance above or below 200eMA (Averaged between pairs)
	AUD	CAD	CHF	EUR	GBP	JPY	NZD	USD
4hr	-0.21	0.09	-0.31	-0.45	1.59	2.45	-2.55	0.97
	Relative strength = % P/L (Averaged between pairs)
	AUD	CAD	CHF	EUR	GBP	JPY	NZD	USD
1x Day	-0.68	-0.37	0.05	0.03	0.26	0.89	-0.85	0.47
5x Days	-1.09	-0.21	-0.53	-0.57	1.02	2.23	-2.44	1.61
20x Days	-1.10	0.67	-0.33	-0.32	2.46	1.68	-3.58	0.39
3 Months	-4.92	1.93	1.14	0.27	4.95	-1.51	-3.58	2.36

FTSE350 Sectors - Today's Losers vs LOSERS

EPIC	Name	%
NMX2350	I - FTSE 350 Sector Construction & Materials	-4.10
NMX1730	I - FTSE 350 Sector Forestry & Paper	-3.90
NMX1770	I - FTSE 350 Sector Mining	-3.90
NMX1750	I - FTSE 350 Sector Industrial Metals	-3.90
NMX0570	I - FTSE 350 Sector Oil Equipment, Services & Distribution	-3.80
NMX2730	I - FTSE 350 Sector Electronic & Electrical Equipment	-3.60
NMX2720	I - FTSE 350 Sector General Industrials	-3.40
NMX3350	I - FTSE 350 Sector Automobiles & Parts	-3.40
NMX3760	I - FTSE 350 Sector Personal Goods	-3.40
NMX2790	I - FTSE 350 Sector Support Services	-3.00
NMX8770	I - FTSE 350 Sector Financial Services	-3.00
NMX0530	I - FTSE 350 Sector Oil & Gas Producers	-2.90
NMX9570	I - FTSE 350 Sector Technology Hardware & Equipment	-2.90
MCX	I - FTSE 250	-2.80
NMX9530	I - FTSE 350 Sector Software & Computer Services	-2.60
NMX8570	I - FTSE 350 Sector Life Insurance	-2.50
NMX5370	I - FTSE 350 Sector General Retailers	-2.30
NMX3720	I - FTSE 350 Sector Household Goods	-2.30
NMX2750	I - FTSE 350 Sector Industrial Engineering	-2.30
NMX5550	I - FTSE 350 Sector Media	-2.10
NMX	I - FTSE 350	-2.10
UKX	I - FTSE 100	-1.90
NMX8670	I - FTSE 350 Sector Real Estate Investment Trusts	-1.90
NMX1350	I - FTSE 350 Sector Chemicals	-1.80
NMX8630	I - FTSE 350 Sector Real Estate Investment & Services	-1.70
NMX5750	I - FTSE 350 Sector Travel & Leisure	-1.70
NMX2770	I - FTSE 350 Sector Industrial Transportation	-1.60
NMX4530	I - FTSE 350 Sector Health Care Equipment & Services	-1.60
NMX8530	I - FTSE 350 Sector Nonlife Insurance	-1.50
NMX2710	I - FTSE 350 Sector Aerospace & Defense	-1.40
NMX3570	I - FTSE 350 Sector Food Producers	-1.40
NMX8350	I - FTSE 350 Sector Banks	-1.30
NMX8980	I - FTSE 350 Sector Equity Investment Instruments	-1.30
NMX3780	I - FTSE 350 Sector Tobacco	-1.20
NMX4570	I - FTSE 350 Sector Pharmaceuticals & Biotechnology	-1.10
NMX3530	I - FTSE 350 Sector Beverages	-1.10
NMX6570	I - FTSE 350 Sector Mobile Telecommunications	-0.70
NMX7530	I - FTSE 350 Sector Electricity	-0.50
NMX6530	I - FTSE 350 Sector Fixed Line Telecommunications	-0.50
NMX7570	I - FTSE 350 Sector Gas, Water & Multiutilities	-0.40
NMX5330	I - FTSE 350 Sector Food & Drug Retailers	-0.10

LSE:DCG - Shooting Star at Resistance

EPIC	Name	Sector	Industry	Exchange	Index	Correlation	Beta
DCG	Dairy Crest Group PLC	Food Producers	Consumer Goods	LSE	FTSE Mid 250	0.27	0.45

Analysis
- DCG is in an established downtrend and produced a ‘Shooting Star’ Reversal at a solid resistance level and just beneath the 50eMA  - The increase in volume is a sign of strength for the resistance level as it shows heavy trading took place but the bulls failed to take control. - Relative Strength shows DSG is under-performing against FTSE100
Elsewhere
- Although the FTSE had a heavy sell-off on Friday and sentiment is quite bearish DSG seemed to be one of the less affected stocks within the FTSE. - The Food Producers Sector is within a very choppy uptrend but produced a seller bar in Friday and is potentially within ‘phase 2’ of the long cycle.
Strategy
Entry:
- Make sure there is no gap down as this would make reward/risk unfavourable. - We could look to enter beneath the low of the candle around 303 but you could also consider an intraday retracement of Friday’s candle to improve the reward/risk.
Stop:
- Above 316; As 315 looks like a solid level of resistance
Target
- Swing low around 287; Beneath here there's no clear historical support levels but you could consider 280 as there was a prior swing low here.
The Numbers
	Entry	303.00			Volatility	1.48%
	Stop	316.00			ATR (10 Day)	8.64
	Target	287.00			Target	-5.28%
		SHORT
	R:R Ratio	1.23	:1		Volatility Trade Length	3.57	Days
	R:R Points	16.00	13.00		ATR Trade Length	1.85	Days
Upcoming Events
	AGM (next):		18/05/2012
	Interims ann.(next):		9/11/12 U
	Finals payment:		04.08.11
	Finals ex-div:		Ex-Div 22/06/12 - Pay 04/08/12 (E)