Crocodile
- 07 Jan 2004 21:04
Premarket Futures |
FTSE +20 |
DAX +30 |
DOW +2 |
S&P +1 |
Nasdaq +2 |
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The Nasdaq closed higher for the third consecutive trading
day and finished with a new two-year high. A rally on the DOW pulled back
most of the early losses but it still finished down 11 on the day.
Euro falls again against the dollar
Big Food Group owner of the Iceland frozen food chain
and Booker wholesale business, said it continues to make steady progress.
Group sales for Q3 were up 2% in line with analysts' expectations though
slightly down on 2.2 percent growth in the previous quarter.
Hays recruitment said there had been no material
change in its performance since its last trading update in November.Wyevale Garden Centres said like-for-like sales rose 5.7 percent
year-on-year in the nine weeks to December 28. That left its fourth quarter
like-for-like sales 7.9 percent higher
AMEC engineering said it expected to make further
progress in 2004, helped by a recovery in its North American market and new
business prospects in Iraq.
Alfred McAlpine said its overall financial performance
last year had been in line with market expectations.
Taylow Woodrow housebuilder said results would be in
line with its expectations, as it continued to benefit from the booming
housing market.
House of Fraser department store group under
persistent bid speculation said it expected "satisfactory" annual results as
cost cuts helped to offset a slowdown in sales in the runup to the key
Christmas period. It said like-for-like sales rose 0.1 percent in the 23
weeks to January 3, compared with a 5.4 percent rise in the first seven
weeks of the second half of its financial year. (Poor Figures ??)
EasyJet Plc reported a 16
percent rise in passenger traffic for December, shrugging off pressure in
the sector from renewed concerns of terror attacks. EasyJet said it carried
1,668,394 passengers last month, up from 1,433,400 passengers a year ago.
Its load factor -- a measure of how full its planes are -- also rose to 80
percent from 77 percent.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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Abbey National (I)
Big Food Group Trading Statement
House of Fraser (Update),
EasyJet Dec Traffic
Kidde Trading Statement, Taylor Woodrow Trading Statement
Taylor Nelson Sofres Trading Statement,
Signet Trading Statement
00.01 Dec BRC Shop Price
Index
12.00 BOE MPC Rate Announcement
|
Alcoa
13.30 Initial Jobless Claims (w/e
03/01) 345k exp.
15.00 Nov Wholesale Inventories 0.5% exp.
20.00 Nov Consumer Credit $5.0bn exp. |
Carrefour (Update), Renault (Sales)
08.55 Dec German Unemployment Change 5k exp.
11.00 Nov PPI m/m flat exp.
12.45 ECB Rate Announcement |
Melnibone
- 08 Jan 2004 11:10
- 13 of 31
For anyone who missed it, he's saying the same thing.
Markets to spike up over the next two/three trading days.
Dow to go over 10800 and FTSE over 4600.
Retracement to Dow 10300 and FTSE 4330. (approx).
Sideways FEB/MAR.
Then rise to all time highs on the DOW over 11000 which will
drag the FTSE up until mid summer.(July'ish).
Steep sell off for a negative year.
All his views, not mine.
Melnibone.
ThePlayboy
- 08 Jan 2004 13:26
- 18 of 31
nokia i think helped lw
ThePlayboy
- 08 Jan 2004 14:04
- 20 of 31
lw -hold above 4510 and 10550 a good pos, having probs with gni futs platform atm so no charts to study!
stockbunny
- 08 Jan 2004 15:08
- 21 of 31
Well the FTSE certainly has the WOW! factor this afternoon
Go ULVR, RTR and LLOY
I could do with more days like this!!!!
stockbunny
- 08 Jan 2004 15:53
- 22 of 31
Several trades seen on different companies for 606 shares
Odd amount...there's some 'interesting' people out there (lol)
wonder if it's the same person each time??
((I should get out more!))
Melnibone
- 08 Jan 2004 15:57
- 23 of 31
Don't tell the FBI, they'll ground all flights numbered 606. :-)
If it was 666, they would announce the imminent arrival
of the Anti-Christ. :-)
Melnibone.
stockbunny
- 08 Jan 2004 16:01
- 24 of 31
LOL Melnibone - good one!!
Melnibone
- 08 Jan 2004 16:05
- 25 of 31
Apart from what looks like an axe mark through the head, the AZN
chart is looking suspiciously like the Head and Shoulders chart
of GSK.
I took a gamble that the 1250 support would hold the neckline on
GSK, but got screwed by the tax bill announcement on that one.
That'll teach me to try and be clever.
Watching AZN but I'll play this one by the book and let the
market speak to me.
Melnibone.
Melnibone
- 08 Jan 2004 16:23
- 27 of 31
You're right, you would think that the pesky things should know what they're
meant to do by now. ;-)
Melnibone.
stockbunny
- 08 Jan 2004 16:26
- 28 of 31
Well men have been around longer than shares and sadly.......
((Sorry guys, it's a joke...))
zarif
- 08 Jan 2004 17:11
- 30 of 31
Good afternoon Lw Sb and MB.
Trading well today -safely and wisely i hope.
Any views on the dow for today. I managed a Short earlier and am long now. Dow just keeps posting higher highs so must go with the flow until the trend is broken or reverses.
Ecb/Boe kept the rates constant atm -dollar getting a pasting and fx trades did well for me today.
Summary of tom Hougards speech(city index chap) copied from TB:
Tom H was on Bloomberg at 10.30... Potted Summary...
Target for Mon/Tue next week Dow 10800 Nas 2120 FTSE 4660
Catalyst.. US Jobs report tomorrow /Favourable int decision today.
Then Target for end Feb Dow 10100ish Nas 1540 FTSE between 4136/4330
Key for pullback to stay within Long term uptrend.
Target for June July Dow 11700-800 taking out all time highs possibly.
Catalyst... Presidential Cycle, thinks Bush is going to throw as much liquidity at markets to keep feel good factor for elections...
Now heres the sting....
December Dow below 10000!!!!!!
Expects bearish Autumn affter Pres Cycle effects out of the way.
THIS ASSUMES UPTREND NOT BROKEN INTO JUNE JULY TIME PERIOD.
rgds
zarif
Melnibone
- 08 Jan 2004 17:14
- 31 of 31
You sound like Mrs. Melnibone, stockbunny. ;-)
Looks like there's an international telepathic sisterhood. :-)
Why do I keep getting the phrase, 'The Stepford Wives', popping
into my head.
It's all a dastardly plot!
Melnibone.