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Traders Thread - Tuesday 4th May (ANL)
Crocodile - 02 May 2004 12:55
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S&P Futures |
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US markets recover some lost ground after last week's declines as investors await Tuesday's central bank meeting UBS figures come in 20% above consensus Thus Group telecoms reported a 61% rise in underlying annual earnings slightly below forecasts, and said it was comfortable with market expectations for the current year. Earnings rose to 43.6 million pounds short of analysts expectations of 44.6 million on turnover up 14 percent to 332.4 million pounds. |
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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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Alliance & Leicester (AGM), Cairn Energy (AGM), Cluff Mining (AGM), PetroKazachstan(AGM), Vitec Group (AGM), 08:30 March consumer credit 08:30 March final M4/M4 lending 10:00 CBI monthly distributive trades survey |
Aon, Clear Channel Comms, Emerson Electric, Lincoln National, Tenet Healthcare, Northrop Grumman, Safeway, Prudential Financial, Qwest Comms, 13.30 FOMC Meeting 15:00 Factory Orders |
Continental, Pfeiffer Vacuum Technology, Suess Microtec, Bouygues, |
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Pre Market Futures |
FTSE +19 |
DAX Unch |
DOW +10 |
S&P +0.8 |
Nasdaq +2.5 |
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little woman
- 04 May 2004 08:24
- 14 of 18
jj50
- 04 May 2004 09:10
- 15 of 18
Thanks too lw for you comments on stop losses. I will stay with my AIM shares though as they are only a small proportion of my portfolio and they have served me well over the past couple of years (paid school fees, so can't complain!). I factor in the possibility of "wipe out" and balance that with other investments. Just have to consolidate a bit I think. It is really useful to see how others approach things - thanks!
Melnibone - 04 May 2004 11:22 - 16 of 18
Nice to see other stuff is taking up more of your time.
Folk sometimes get so wrapped up in the markets and money
in general, that they neglect 'living' and get obsessed
with trading.
You'll probably find that you make more money now with a relaxed
attitude as you go with the bigger moves and ignore the day to day
market noise and minor bouncing around.
That's why I like swing trading.
Good luck in whatever you are doing.
Melnibone.
Melnibone - 04 May 2004 11:40 - 17 of 18
Because we made a higher swing high when we went to 4600, the swing
chart is telling me to look for a swing low to go long.
To do this, today, we need to break above Friday's high of circa 4529.
This will depend, as TP rightly said, on the DOW breaking upwards
out of the trading range.
This in turn will depend on the DOW's reaction to the FED.
If the US doesn't go positive then we look for a lower swing low than
we are presently at.
Unless the Nas100 turns round and starts getting back above 1500, then
that index is the opposite to the FTSE in that it has made a lower
swing high and we should be looking to short after a retracement
higher as long as it doesn't break the last swing high.
For the Fundamentalists, the S@P and DOW can still go higher
if the NAS drops as folk rotate out of Tech into other stocks.
All to play for this week and depends on the FED and the monthly
US jobs data.
Melnibone.
stockbunny
- 04 May 2004 16:31
- 18 of 18
during today! What a roller coaster plus a director has bought
more shares it seems and everyone is still refusing to say
if a take-over is on the cards or not - who says banks are boring!!
I'm going to hold on tight to my few shares with fingers crossed!!
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