THE TIPSTER BELLWAY HOPES TO BUILD ON BOVIS GAINS

WHEN Bellway Homes brings its trading update to the market today, shareholders will be looking for any cracks in the brickwork. The recent figures release from its peer Bovis should give guidance as to what’s to be expected, and positive coverage across the sector from Credit Suisse will only add to the hope that the home builder won’t disappoint. Capital Spreads quotes a price of 851.9p-857.6p.

Retailer Next released full-year results last week and they were in line with forecasts. This was mainly due to strong online sales and a solid performance overseas. Although it stated that its outlook is cautious, falling inflation would ease a bit of pressure on consumers’ disposable income, encouraging future sales. It has been trending higher since the turn of the month and this positive news could push the stock higher. Capital Spreads quotes Next at 3,025.4p-3,030.6p.

Domino’s Pizza updates the market with a management statement on Wednesday, but traders are already selling this week as the stock approached key resistance around the 480p level. The shorts will be looking for the support around 450p to give way though for a run at the 400p level to deliver maximum profits. Spread Co quotes a spread on Domino’s of 476.06p-477.48p.

US Crude spiked dramatically on Friday afternoon following the reports that Iran was going to cut its oil exports, hitting a high of $108.20. Since then it drifted back towards $106.50 before Bernanke gave it another lift to $107.25 resistance. Selling around this level looks a good trade, with the trendline from the late February highs holding rallies well. Stops above $108.50 should keep the trade reasonably safe, look to take profits at $105. Spread Co offers a spread on May US Crude of $106.93-$106.97.