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?

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