Has anybody been sent a traders report by money am. I did receivce some but after waiting 5 minutes before it loaded up decided to delete them (sorry not got broadband). Are they worth wait?

Received a few so far, useful comment on the market. Below is the text from the one on Friday:-



TRADER REPORT for Friday 22nd of October 2004

A late rally following lows on the DOW made for a gentle positive start on the FTSE. The DOW eventually finished the day down 21.17 points recovering after disappointing results from Caterpillar. On the other side of the coin the NASDAQ finished 20.65 points higher being inspired by strong earnings news from eBay.

Lets see what our commentators have to say about this morning and whats in store for us today:

At a glance

Paul Webb from Deal4free had this to say about the day so far: Lower than expected sales forecasts from Microsoft and Amazon have helped to subdue European markets this morning. These results coupled with the oil price trading just below the $55 level are holding the FTSE back, and with some poor UK GDP figures out its hard to see where we are going to get any positive momentum.

With the lack of direction, trading has been thin this morning. One area where clients have been active is the mining sector, which can be attributed to the Chinese economic growth figure of 9.1%.

The growth in China has largely been responsible for the strong surge over the last 6 months in the mining sector, and these figures illustrate that the trend looks set to continue. Xstrata is the leading performer in the index and the mining sector this morning, but clients are rather surprisingly opting for BHP Billiton.

The Dow is set to open unchanged, but Exxon Mobil and American Express are both set to report today and these results will shape the rest of the day as there is no other key economic data due for release today. Another key driving factor today will be the oil price, if it breaks the all time high level this is sure to increase the pressure on equities

Over at Finspreads, Richard Langdon had these comments for us: After a mixed bag of results from some of the tech heavyweights in the US last night, the FTSE has had a quiet morning. So far restricted to a 25 point trading range, the main story of the morning has been from Kidde rejecting a cash approach from United Technologies which has resulting in their price jumping by 18.5%. We have seen volume coming through here with some clients closing out long positions. Other than this, we have seen buyers of Bloomsbury Publishing following the release of the Bill Clinton memoirs and some interest too in Rolls Royce which remains a solid bet as it reported trading in line with expectations over the third quarter.

Richard went on to say Manchester United shares could be worth a watch following news that Malcolm Glazers planned takeover could well be subject to an attempted block. He sees potential for more downside for the FTSE this afternoon with no economic data due, but says there is a good chance that the DOW may open positive.

Richard Griffiths of Spreadex has seen a dull morning in which the FTSE has barely moved. He commented that it is difficult to see any sort of move before 2.30pm and even then there are no figures to spark the DOW. However, he sees the S&P as interesting with 1098 a big level which it has repeatedly bounced off.

Finally, Gary Duckworth from iDealing.com commented on the lack of direction from New York, few companies were reporting this side of the weekend and with no momentum to build on from yesterday, Londons markets were subdued. Gary went on KIDDE (KID) was however the exception to the rule, and trading was exceptionally brisk. Volume was seen by speculators chasing the stock higher, on a good carry through from yesterday's advance, as well as from investors who took the advantage to lock in a 50% profit from the price in June, and 75% since the start of the year.

He also said that SEO was active in early trading today, as a penny share that has fallen 50% on the month. These sort of falls prove tempting to many people chasing "value" or "underperforming" stocks that may be susceptible to a "trading bounce" for the better. They can prove profitable, often though these sort of plays end in disappointment. The share price trend is far from encouraging here.

With no economic news due from the US today, the market over there could go either way in Garys opinion, but he is hoping to see the FTSE finish in slightly positive territory, but this in turn will be beaten by the FTSE250 as it is buoyed by Kidde.

Kivver,

It is strange that the trader's report is taking so long to open on your pc - can you tell me does the Last post open speedily or do you have problems with that as well?

Ian

I have just opened a number of posts with no problems at all. When i tried to open the reports two graphs downloaded (kidde and other) but the rest didn't come.

kivver,

sorry misunderstood you - thought you were talking about an E mail not the traders thread - the header on the traders thread does contain a lot of info pulled from different places, and with a 56k modem, this is probably why you are experiencing slowness - may also be something to do with a busy ISP at your end.

Have you been able to open it correctly before today?

Ian

Kiver,


Sorry I think I misunderstood again there.

Do you have any problems with the Last Post E mail, or do you encounter the same problem of slowness.

HAve you been able to open the trader's report at all since we launched it last tuesday, or have you had this problem from the start.

Sorry to confuse things, a slight misunderstanding on my part.

Ian

Yes it was a problem with the email. I had about 30 emails. The 'traders reports' email were about midway. I had no problems opening all my mail until i got to the reports, i had 4 unopened, the first one took so long to download that i just deleted them all. Will try again when i receive the next one when ive got more time. Dont really understand what you mean by the 'last post email'.

kivver,

The next one will be sent out at lunchtime today - when you get the chance, please take a look and let me know if it is slow to download.

Thanks

Ian

Will do, thanks.

Kivver

IanT - same here - the market/traders reports just open with graphs (eg Kidde/FTSE, Morrisons/FTSE). No probs with Last Post mails etc, and especially not the ads. :)

guys,

I am send todays report out at around 12.30 - please let me know if the problem is still there and if so I will let our technical teams know.

Ian

IanT

No problem with mine. Opens straight away. But then, I'm on a 100Mbps link - luxury!

Oooh - SBRY and FTSE today - and, err, d4f. The rest is blank.

chocolat - which E mail client are you using?

If you want it - here is todays (excluding charts):

Friday was not a good day over in the States, as record high oil prices pushed Wall Street to New Annual Lows. This in turn has seen the FTSE drop off this morning as Blue Chip shares started the week sharply lower.

Here is the view from the City:

At a glance

Paul Webb from Deal4free had the following to say: Fridays sell-off in the US which saw the Dow fall 108 points, has been followed overnight by heavy losses in Japan and Hong Kong. This has in turn resulted in European markets falling sharply this morning, with the FTSE currently 60 points lower than Fridays close. Fridays losses in the US came after below expectation results from Microsoft, Amazon and Broadcom - the latter 2 dropping over 10% of their value in Fridays trading session. With oil still trading above $55 a barrel, and the concerns of a labour dispute in Norway affecting the world's 3rd largest exporter, there is little positive sentiment out there.

Even with all this negative news clients still remain bullish, and we have seen little selling today. What we have seen is plenty of buying in financial stocks such as Lloyds and Barclays. The reasoning here is that as clients expect the FTSE to rebound over the next few days and for the financial sector to restore some of the 18 point deficit it has posted on the FTSE this morning. Man Group and Amvescap are stocks that are being shorted today as falling markets place pressure on these type of companies, that have direct exposure to equity markets.

The high oil price is the main reason why we are currently calling the Dow down a further 50 points from Fridays close. With no economic data out of the US today it looks as though Oil will continue to be the decisive factor in the market.

Gary Duckworth from iDealing.com gave us the following morning report: When Wall St blows an ill wind, it is invariably the UK large caps that get it in the neck. The same holds for a rise in the oil price. Both factors weighed down the FTSE100 this morning, and losses were seen right across the screen. It is often the case that as defensives retreat, growth stocks rise (and vise versa), this morning however all but a couple of "special features" were in the red. Sainsburys, saw a rise on takeover rumours.

The FTSE250 is generally less affected by global concerns, and is outperforming the FTSE100 by 0.5% so far today. The small cap is less affected still, outperforming the large cap index by 1.0%.

Investors, and those with "traditional" accounts generally sit tight in conditions like these; others with cash, hold off from making purchases. Today we've seen action by margin account traders taking positions in the banks, and assorted stocks reporting this week including ULVR, BOOTS and BP. Wimpy has been surprisingly active in this session, with the stock off 20% from it recent September high.

With the US markets recording new lows for 2004 on Friday, oil prices continuing firm, several higher profile 3Q results disappointing (Microsoft, Schlumberger) and the election just 6 trading sessions away, short sellers may again set the tone for the world's premier equity market this week. The decline in the US Dollar though is a help to the US market and sentiment in New York can turn quickly.

Meanwhile, Angus Campbell from Finspreads told us the following: The German DAX has been popular this morning with German IFO business figures out, which were much better than expected but couldn't tempt any buyers into the market. The sell off has been attributed to the NASDAQ being hit hard on Friday as well as high oil prices.

Sainsburys has been popular following the Mahan rumours, and clients have traded financial stocks quite heavily as the sector takes a bit of a hit.

Angus also said that after the FTSE crashed through 4600 it could well test the next support level seen at 4530-4540. He expects America to continue its downward trend this afternoon as both technicals and fundamentals look weak across the pond.

Giles Watts from City Index said that the Market looks very weak today, primarily because of the DOWs performance on Friday and todays futures. He is currently calling the DOW as down 60 with the weak dollar not helping either.

On the individual stock front Giles says, Banks, Telecoms and oils all dragging the FTSE lower, we have see selling on stop across the board early on, but some buyers are coming in now, mainly in the banks.

He has seen a lot of buying on Sainsburys, on the back of weekend press stories, where clients are hoping for a bid Giles sees this story rumbling on all week.

He also had little optimism for the afternoon and cant see the markets bouncing hugely, but thinks that clients will be looking for cheap stocks. Lastly, he pointed out that we are in for a big corporate day tomorrow, with BP, BATS and MKS all due an announcement.

chocolat - can you send me a screen shot please ian@moneyam.com

Thanks

Ian

Righto, Ian - screenshot sent.

Thanks

Ian

Chocolat,

Just got the screen shot, and I think it is something to do with the account provider.

I will send a copy to the otehr address - can you let me know if you can see that?

Thanks

Ian

Got it in its entirity thanks, Ian - had to pick you out of the trash though. :)

chocolat,

I think it must be some filter set up within the E mail clienbt you were using before. Unfortunately, I wouldn't know how to chnage taht.

Kivver,

I have looked on file and it would seem that you have the same E mail proviser as chocolat - I believe that it is not loading slowly for you, it is just a case that this web based client is not displaying it properly.

Regards

Ian

Thanks Ian - I thought as much. Can you switch me over then please, and filter out the ads... ;)

Chocloat,

I will put your new address in the system just to receive the E mails that you currently have selected.


With no ad E mails

Ian