Martini
- 09 Jun 2004 21:15
Martini
- 09 Jun 2004 21:16
- 2 of 88
The Markets gave some back Wednesday with the Nasdaq closing down sharply back below the 2000 mark at 1992 losing 32 on the day. This does not bode well for UK techs.
The UK highlight for Thursday will be the rate decision by the Monitory Policy Committee at 11pm. Most expect a rise of .25%, which I would suggest, is already in the Market but will they surprise?
However with the long US weekend coming up with the US Markets closed Friday for Ronald Reagan's Funeral other than some positioning, which may well have been going on today I doubt the Markets will deliver much in the way of action.
Having stuck my head above the parapets in saying that all hell will break out tomorrow!
Good Hunting
Headless of Oxon
Bullshare
- 10 Jun 2004 06:06
- 3 of 88
Morning all. Gold got thwacked last night, gold for August delivery closed at 385.20 usd an ounce on the New York Mercantile Exchange, down 6.60 usd. That's the lowest closing level for some weeks and interest rates. Looks like the Miners are in for a rough day. Other precious metals also got hit.
Jammie
- 10 Jun 2004 06:26
- 4 of 88
How can I find out which companies are going ex-dividend today/tomorrow/next week?
TIA
ThePlayboy
- 10 Jun 2004 07:17
- 5 of 88
THU FTSE PP
r2 4527
r1 4508
pp 4495
s1 4476
s2 4462
Ftse closed below its pivot on Wed but gained 5.8pts in the auction, break of the uptrend today at 4500 rolling over, dow has put its head above 10400, only a close sub 10380 will result in possible weakness creeping in imho! Watch the daily pivot for a breakout of the downtrend off the wed high if cont strength does continue!
ThePlayboy
- 10 Jun 2004 07:17
- 6 of 88
Updated 6/9 for Thursday's market.
Key DOW Levels for 6/10
UP Above 10,400
DN Below 10,350
Pull-Back
Dow pulls back, forms clear lower trend line.
From prior commentary, "...We could see the Dow continue to hold at the highs as a consolidation develops. Such a range would indicate continued strength in the medium term. However, a break below 10,350 will likely make for weakness..."
The Dow pulled back off yesterday's highs today, losing 64 points on the session, as seen in the 15 and 60 Minute Charts. The 15 Minute Chart shows the Dow may be forming a downward-sloping consolidation at the highs, which is typically a bullish pattern. An upside break through 10,400 should propel the Dow into another move higher, however, further consolidation development is likely before a break either way occurs.
The 60 Minute Chart shows the Dow has formed a clear trend line beneath the lows of the recent two-week upmove. A downside break of the line at 10,350 will likely make for continued weakness tomorrow. However, if the Dow can hold above 10,300, we could see a larger trading range form at the highs over the next few sessions.
Short Term Dow
Short term, the Dow has formed a clear trend line across the highs of the 1 Minute Chart. A break of this line at 10,380 will likely make for strength tomorrow morning.
Medium Term Dow
In the medium term, we are still out of the market, since none of our entry levels were triggered. We will watch 10,400 up, and 10,350 down tomorrow; using 20 point stops.
NASDAQ & S&P
The S&P and NASDAQ each sold off today, retracing a good portion of the recent advance. Watch the key upper trend lines for violations to indicate strength tomorrow. *
Summary
The Dow ended the day lower after pulling back slowly, but steadily today. The index has formed a downward-sloping consolidation at the highs, which hints at eventual strength. But we could see a further pull-back before another move higher is seen. Watch 10,400 up, and 10,350 tomorrow.
ThePlayboy
- 10 Jun 2004 07:17
- 7 of 88
60
zarif
- 10 Jun 2004 07:31
- 8 of 88
morning all.
roma
- 10 Jun 2004 07:46
- 9 of 88
Morning all
Mega Bucks
- 10 Jun 2004 07:55
- 10 of 88
morning campers,
long UKX BBY CNA CS CTM ICI MNKS RTR TSCO S&P...
Hope you all have a great day..
Mega...
jj50
- 10 Jun 2004 08:21
- 11 of 88
Morning all. So are the interest rates going to go up.......is it already factored in? We shall see.
Druid2
- 10 Jun 2004 08:21
- 12 of 88
Morning all.
Douggie
- 10 Jun 2004 08:22
- 13 of 88
mornin all
jj50
- 10 Jun 2004 08:28
- 14 of 88
Jammie
Useful information on a thread on this site - just go to Search then type in "dividends" and you will find two threads with all the information you need. Good luck.
Martini
- 10 Jun 2004 08:35
- 15 of 88
Morning all
Jammie
Wednesday is the day for ex dividend.
Click on research button in the tool bar at the top. Click on Forward Diary and then click on the dates in the Calendar to see what the forward schedule is.
For example try the 16th of June to see next weeks ex dividends.
But it does change, as you get closer to the date.
M
Fundamentalist
- 10 Jun 2004 09:15
- 16 of 88
morning all
Melnibone
- 10 Jun 2004 09:22
- 17 of 88
Morning all.
Ftse seems to be following the script at the moment, as outlined
on Sunday using the Macd and the 20 and 40 Ma's.
All seems a bit too pat to me, especially with low volumes.
Nothing is this easy and predictable.
NDX also went up and reversed just shy off the last high.
It's as if everything is being orchestrated.
Anyway, what I would like to see is the FTSE drop to around
4450/4460 to close the gap open on Monday and then power
back up above 4500 before making a swing high and the 20Ma
crosses up over the 40Ma.
Doubt I'll get my wish though.
With low volumes like this and the US shut tomorrow, I would
expect tomorrows trading to be actioned today and the volumes
tomorrow to be pityful.
Melnibone.
Mega Bucks
- 10 Jun 2004 09:36
- 18 of 88
small long LGEN 90.50
Mega Bucks
- 10 Jun 2004 10:09
- 19 of 88
long more CTM 86.25
stockbunny
- 10 Jun 2004 10:48
- 20 of 88
I haven't been able to get in here since Tuesday so this response
is late but a huge THANK YOU! to Snoball and Melnibone for answering
my query on MA and MACD charts, now it makes sense!!
Unfortunately when you have kids in this day and age and don't know
what MacD stands for in trading/investment terms, all that comes to mind
is linked to the kids stomach preferences given the choice! (lol)
Also thanks for running the charts in WLW - very interesting.
Hope everyone has a good and productive/profitable day!!
Mega Bucks
- 10 Jun 2004 10:55
- 21 of 88
Covered TSCO +0.75 EVENS +13 +6.75 no positions left open on this :-)
Mega Bucks
- 10 Jun 2004 10:58
- 22 of 88
LGEN moving up :-)
Mega Bucks
- 10 Jun 2004 11:00
- 23 of 88
covered LGEN +1 pays for a cup of tea :-)
Mega Bucks
- 10 Jun 2004 11:13
- 24 of 88
big long CTM 85.75 :-)
Mega Bucks
- 10 Jun 2004 11:38
- 25 of 88
small short TSCO 258.50
jj50
- 10 Jun 2004 12:20
- 26 of 88
Afternoon all ......... Megabucks.
See interest rates up. Justletting you know you are not talking to yourself MB!
Mega Bucks
- 10 Jun 2004 12:24
- 27 of 88
Afternoon Jennifer how are you keeping....
long more CTM 85.75
jj50
- 10 Jun 2004 12:41
- 29 of 88
Fine thank you! Trying to decide what to do with Watermark - I should have done something some time ago!
Mega Bucks
- 10 Jun 2004 12:41
- 30 of 88
your welcome :-)
Big Al
- 10 Jun 2004 13:30
- 31 of 88
Afternoon all. Bit late arriving here today.
So what have I achieved? Covered WBY +6.5, stopped out of AQP -5, took a hefty long on ICI when it spiked down this morning and covered for +2.
Still holding longs in ALM, IMG, JKX and short RR. JKX currently the only one losing me dosh so quite happy.
jj50 - notice you have WMK. Been wanting the short it for days, but didn't due to market direction. Litigation is killing it and I can't see any rcovery until that's sorted. Having said that it's reached the bottom of its down channel so a bounce might be on the cards.
Have a good day all.
Big Al
- 10 Jun 2004 13:30
- 32 of 88
Wot you doing here anyway Rick?
LOL
Mega Bucks
- 10 Jun 2004 13:32
- 33 of 88
same as you Al,just a bit of input :-)
zarif
- 10 Jun 2004 13:33
- 34 of 88
Afternoon guys/gals.Copy of Tom Hougards email analysis.
Nice sunny day hope the rays of sunshine hit us on the market aswell.
rgds
zarif
Lets review the situation of the market.
The market topped out on the 24th March 2000. We then dropped a classic 50% to end the bear market (for now) on the 10th October 2002. We then rallied 50% into the 17th February 2004.
In other words we went from 1554 to 775 and from 775 to 1163. This is the situation as we stand right now. The market looks tired and undecided to me. It is true that we have not seen any serious downside and we may rally from here beyond the 1163. However, we need to take out the 1163 area first. This has not happened yet and until it does you should be careful about being too enthusiastic about the long side.
The question you got to ask yourself is this: has the easy money been made in this market? Has the risks of the markets adequately been priced in? These are of course not technical questions but belong to the category of fundamental analysis. My argument here is that stocks are priced to beyond perfection. The stock market is expecting the US consumer to carry on spending. This is despite the fact that the bond market is now pricing in more rapid interest rate rises than Allan Greenspan is talking about.
The market found resistance at 1142 and dropped as I had hoped for. For today I am undecided. The market is in pre-holiday mode with Friday being closed for Reagans funeral. Today is roll-over day from June to Septembers contract. This creates a funny market.
The institutions will most likely have another wave of buying to mark up their portfolios going into month/quarter end. The market needs to hold the 1128 area from yesterday. This was test during the night and held. We are currently trading at 1135 in the SP500. A move below 1128 is a short with a tight stop. Otherwise, despite the sell-off yesterday you will need to favour the long side of the market.
jj50
- 10 Jun 2004 14:19
- 35 of 88
Big Al
Thanks for comments on WMK - decided to wait, am well in profit. Bad news is I hold Aerobox too!
Big Al
- 10 Jun 2004 14:31
- 36 of 88
Commiserations jj, but it happens. Been there far too many times too.
;-((
Right, let's see what our US buddies have got to say for themselves.
aldwickk
- 10 Jun 2004 14:40
- 37 of 88
Why is there so many new names posting in the investers room ? are they from the traders room.
Mega Bucks
- 10 Jun 2004 14:43
- 38 of 88
yep :-)how is every one ????
Big Al
- 10 Jun 2004 14:50
- 39 of 88
aldwickk - yes. Hi!
Mega Bucks
- 10 Jun 2004 15:19
- 41 of 88
CTM started to move up :-))))))
Martini
- 10 Jun 2004 15:22
- 42 of 88
Yes much more civilised here than the traders room thread you can't get a word in edgeways over there :)
Big Al
- 10 Jun 2004 15:27
- 43 of 88
JKX finally got its fuse lit. Still long and now looking at a blue value. ;-))
Melnibone
- 10 Jun 2004 15:42
- 45 of 88
Afternoon all,
Just a quick word, I'll be setting off shortly for a long weekend's
holiday.
Left my short running on the NDX, can't see a lot of damage being done
to that in half a day's US trading.
Hoping for a profit taking sell off in the after lunch US session. It's
come a long way this week and folk may want to lock some in for the
long weekend in the US.
If I'm right, FTSE will open lower tomorrow and fiddle about on low volume
with no US market to guide it. This would leave me with a larger profit to
take on my NDX short and some lower prices on the FTSE on Monday morning
when I get back.
But, as they say, the best laid plans of mice and men.
We'll see.
Have a good weekend all, see you next week.
Melnibone.
Mega Bucks
- 10 Jun 2004 15:43
- 46 of 88
got me finger ready on the sell button,have 20k to ditch :-)
zarif
- 10 Jun 2004 15:46
- 49 of 88
reckon the Yankee market will have a bit of life say the first couple of hours and then trail sideways as people go off as the market is closed tommorrow.
Agree with melnibone rather to be on th short than long as they lack some credibility to say the least.
rgds
zarif
jj50
- 10 Jun 2004 15:58
- 50 of 88
Melnibone, have a good weekend.
I see ASC is going up rapidly, some good news.
hawick
- 10 Jun 2004 15:58
- 51 of 88
Hope you don't mind me butting in as a newbie to your thread, though I have traded for many years. I like the high-beta stocks for short term trades but also when they are in the mood small caps. What is the latest thinking on RAB, which i have held since GF's tip a while ago.
I don't usually let them go through stop losses but liked the story from outset.
Thanks.
PS Cracking breakout from DATA today.
ThePlayboy
- 10 Jun 2004 15:59
- 52 of 88
Melnibone enjoy your looooong weekend!
Bigal they are all posted now you,ve started, you have,nt been using the free werthers trick have you?:)
Mega Bucks
- 10 Jun 2004 16:02
- 54 of 88
LW no not yet, dont have direct access getting it at the end of the month just good old cmc cfds :-)
you still use etrade d/a
Big Al
- 10 Jun 2004 16:09
- 56 of 88
TP - Afternoon young chap. LOL
ThePlayboy
- 10 Jun 2004 16:10
- 57 of 88
the smell of oil ahhhhhhhhhhh:)
Mega Bucks
- 10 Jun 2004 16:10
- 58 of 88
least he aint as old as you :-)
Big Al
- 10 Jun 2004 16:12
- 59 of 88
Missed LAC. ;-((
ThePlayboy
- 10 Jun 2004 16:13
- 60 of 88
Mega how old do u think i am 86:)
Mega Bucks
- 10 Jun 2004 16:16
- 61 of 88
PB was aiming it AL :-)your 29 on your profile :-)
Big Al
- 10 Jun 2004 16:16
- 62 of 88
Out of FCD long +1.5 - pure opportunistic daytrade. ;-)
Big Al
- 10 Jun 2004 16:17
- 63 of 88
Youthful 45 me. ;-)
Mega Bucks
- 10 Jun 2004 16:18
- 64 of 88
Youthful 50 me :-)
ThePlayboy
- 10 Jun 2004 16:18
- 65 of 88
i,ll let u off:) mega u type like a man in his 30,s lol
54 al!
Mega Bucks
- 10 Jun 2004 16:20
- 66 of 88
go on CTM up you go :-)))
Big Al
- 10 Jun 2004 16:23
- 68 of 88
TP - I've met MB. Typing 1930's more like.
US haven't a clue what to do.
Big Al
- 10 Jun 2004 16:24
- 69 of 88
Take your eye off ICI for one second and away it goes. ;-(
Mega Bucks
- 10 Jun 2004 16:25
- 70 of 88
never waz goood att englishh
i have a degree in maths and art, i paint by number :-))))
ThePlayboy
- 10 Jun 2004 16:30
- 71 of 88
very good mega:)
snoball
- 10 Jun 2004 16:43
- 73 of 88
butt in as much as you like hawick. I always do.
Big Al
- 10 Jun 2004 16:45
- 74 of 88
OK, nice day with plenty of blue.
Intraday, did ICI +2, FCD +1.5
Closed WBY +6.5 and AQP -5.
Open positions remain long ALM (pulled back a touch but profitable), IMG (finally moved nicely up), JKX (also moved up) and the RR. short continued down throughout - luvverly job.
Have a good evening all. I'll try to pop in tomorrow, but it may be slow with Ronnie's bash on and I might not do much at all.
Al
;-)
Big Al
- 10 Jun 2004 16:46
- 75 of 88
hawick - forgot to say "Hi".
Mega Bucks
- 10 Jun 2004 16:51
- 77 of 88
hawick,do not feel out of place butt in any time more the merrier :-)
amberjane
- 10 Jun 2004 16:54
- 78 of 88
Theres seems to have been an outflowing of peoples ages today, are men as honest as women when it comes to age?????
Big Al
- 10 Jun 2004 19:20
- 80 of 88
How old are you, amberjane? ;-)
Truthfully, please. LOL
amberjane
- 10 Jun 2004 22:54
- 81 of 88
Sorry its too late to post on here now and I dont want Martini to tell me off.
I just about remember my 21st and I havent hit 50 - somewhere betweeny - will that do?
I was in the picture from the Hook meeting but LW has carefully hidden me, just half inch of leg showing, guess u wont be able to tell from that.. so make that 30ish then...truthfully OK. L&LOL
Martini
- 10 Jun 2004 23:02
- 82 of 88
amberjane
Consider your legs slapped now go to tomorrows thread and post 100 times I must not post to the old thread after the new one is up.
dotel
- 10 Jun 2004 23:14
- 83 of 88
Cor, I wonder what'll happen if I post on here..
amberjane
- 10 Jun 2004 23:24
- 84 of 88
See I told you BigAL.
Martini - Only my legs...that's not worth 100, try higher up and I'll post 200 times. LOL
..and Dotels punishment????
Martini
- 10 Jun 2004 23:35
- 85 of 88
amberjane
Hmmm young lady do it now or I will stamp my foot
amberjane
- 10 Jun 2004 23:43
- 86 of 88
OK OK I have, anything for someone that calls me 'Young Lady'
Watch stamping your foot with that limp though, better use the other leg.
amberjane
- 10 Jun 2004 23:45
- 87 of 88
Opps, wrong ones at the top now, not more punishment. Ouch.
Big Al
- 11 Jun 2004 07:48
- 88 of 88
amberjane - ignore all gurus
;-)