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Traders Thread & Thoughts - Monday 14th July (PIC)     

Crocodile - 13 Jul 2003 16:44

draw?period=1D&action=draw&startDate=10% draw?period=1D&action=draw&startDate=10%

Gold

t24_au_en_usoz_6.gif
fpDJIA.gqplus?511 marketwatch-ss.img?symb=SP500 fpNASDAQ.gqplus?183

marketwatch-ss.img?symb=DAX

S&P &Futures (Click for latest)

globex.png

 Pre Market Futures (7:30)
FTSE +15
TechMark +6
DAX +11

Hang Seng +167

Chart

Nikkei +120

Chart

 DOW +46
S&P +4.5
Nasdaq +7.5

 

News Headlines:   

The FTSE is expected to open positive following a strong rise in US futures. At the moment it is up 15 points but I would not be surprised to see a higher figure by 8:30

Burberry says total revenues increased by 18 percent during the three months ended June 30 as trading improved during the quarter. They said in May trading conditions were exceptionally difficult as it battled the travel paralysis in Asia caused by a fear of attacks and the deadly SARS virus. But on Monday it said results to date were in line with its full-year expectations.

BAE Systems has warned the UK's Ministry of Defence it can not build the designs of its two new aircraft carriers to budget, the Financial Times reported.

Reckitt Benckiser is considering making a 566 million pound bid for condom maker SSL International according to the Business on Sunday.

Stagecoach has secured a three-year deal to continue running the UK's busiest regional rail franchise, though the regulator has set tough new terms

Pace Loss 16.2 million but  the Group move close to break-even for the second half, following trading losses in the previous two half year periods. Dividends have been cancelled.

Calendar

All GMT

 ukf.gifUnited Kingdom (F)inals (I)nterim usf.gifUnited States (Click Flag) euro.gifEurope & World

Mon 13th July

Reports / Data

Pace Micro (F) PTL 19.4m exp. Also Reporting: Homestyle Group (F)

Burberry Trading Statement Interserve Trading Statement

00.00  June BRC Retail sales Monitor US: Citigroup (Q2) 09.30  June PPI Input m/m 0.4% exp. 09.30  June PPI Output m/m 0.1% exp.

    
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com

Bloomberg TV          

Pivot Calculator
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Druid2 - 14 Jul 2003 13:56 - 10 of 18

DaBear

I hope you're right that the top is near as my shorts are hurting at the moment.

Da Bear - 14 Jul 2003 15:06 - 11 of 18

NDX banging right up against its previous high 1307, MOB time.

Da Bear - 14 Jul 2003 15:11 - 12 of 18

Chip equipment stocks ($SOX) checked in with hefty gains as the Semicon trade show kicked off in San Francisco and San Jose on Monday. SG Cowen said it expects "cautious" optimism at the gathering, with a modest order improvement anticipated among the equipment makers in the second half of 2003, which should lead to a strong recovery in 2004. Cowen advises investors to buy on dips and said Novellus Systems (NVLS) could reveal upside to its orders estimates when it reports financial results next week. Novellus climbed 5 percent and group leader Applied Materials charged higher, with a gain of 4 percent.

Da Bear - 14 Jul 2003 15:14 - 13 of 18

SPX now in the resistance area of 1010-1015.33. The bigger picture of resistance, which was established by price action in June, 2002, is that the S&P 500 has a band of resistance at 1008-1041 with a focus at 1020-1031.

Da Bear - 14 Jul 2003 15:37 - 14 of 18

SPX testing previous high now of 1015.33, NDX up at 1315 then 1325.

Da Bear - 14 Jul 2003 15:48 - 15 of 18

Even though the Dow is well up today, it is lagging, the last time the SPX was up at 1015 the Dow was at 9350 area.

strange considering Six Dow stocks reach 52-week highs ($INDU, INTC, HPQ, CAT, JPM, C, AXP)

Da Bear - 14 Jul 2003 15:51 - 16 of 18

SAN FRANCISCO (CBS.MW) - Investors drove Intel shares to their highest level in a year Monday ahead of the company's second-quarter financial report, but support at these levels could be fleeting at any sign of delay in a recovery, analysts said.

http://cbs.marketwatch.com/news/story.asp?guid=%7B9E666B1A%2D10D1%2D4DB9%2D9762%2D7690C1B9709A%7D&siteid=mktw

Da Bear - 14 Jul 2003 16:12 - 17 of 18

Insider Activity Totals for the week ending July 12, 2003

Total dollar value of all insider purchases and sales provides an aggregated measure of how insiders may feel about the market's short-term prospects. A low sell/buy ratio indicates bullish Insider Sentiment. A high sell/buy ratio indicates bearish Insider Sentiment.


http://insider.thomsonfn.com/tfn/insider.asp?imodule=mktTearsheet

Da Bear - 14 Jul 2003 21:29 - 18 of 18

What a day huh ? The SPX gave us a double top going back to its previous high today, and then pulled back, Dow closed down 100 from its high of the day lagged the SPX all day got nowhere near its previous highs, NDX thats a whole different kettle of fish.

options expiration week sometimes the Tuesdays and Wednesdays in these weeks can jam prices in opposite directions. Tomorrow all eyes on INTC and greenspan as he's on Capitol Hill (3pm BST) tomorrow chatting about the eco picture, he will do his utmost to spin the economy in a positive light, hmmm wonder if the term "falling inflation" gets a mention in there somewhere

Off to look at some charts to see whats the story.
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