moonblue
- 22 Jul 2004 07:39
- 176 of 240
hi lee..
hes over rated...lol
mick p
- 22 Jul 2004 08:31
- 179 of 240
They have changed the lower end tgt:
Equity Markets Summary -
Asian stocks declined today, after a Texas Instruments Inc. executive said growth in the wireless communications industry will slow in coming quarters. Morgan Stanley Capital International's Asia-Pacific Index, which tracks more than 900 stocks, dropped 0.9 percent to 88.65 at 11 a.m. Tokyo time. The regional index fell for a third day and is on course for the lowest close in five weeks. Japan's Nikkei 225 Stock Average slumped 1.6 percent to 11,256.41. South Korea's Kospi index slid 1.7 percent, while Taiwan's Taiex index fell 1.2 percent. Stock benchmarks fell in all countries except for the Philippines.
U.S. stocks fell on Wednesday, led by technology shares after investors were disappointed by Motorola Inc.'s results and Microsoft Corp.'s failure to sustain its initial gains on a plan to distribute $75 billion to shareholders. The Standard & Poor's 500 Index shed 14.79, or 1.3 percent, to 1093.88, with most of the drop coming in the last two hours. Mercury Interactive Corp., which makes software that tests the performance of computer programs, helped lead the decline. The Dow Jones Industrial Average slid 102.94, or 1 percent, to 10,046.13. Both benchmarks closed at two-month lows. The Nasdaq Composite Index fell to a level not seen since Oct. 24. It lost 42.70, or 2.2 percent, to 1874.37, led by Nextel Communications Inc., Intel Corp. and Cisco Systems Inc.
European stocks rose Wednesday after Ericsson AB and Volvo AB posted higher-than-expected earnings, boosting investor optimism about profit growth. The Dow Jones Stoxx 50 Index added 1.1 percent to 2631.29, its biggest gain since June 16. The Stoxx 600 Index advanced 1 percent, led by technology shares, with about eight stocks climbing for every three that fell. The Euro Stoxx 50, a benchmark for the 12 countries using the euro, rose 0.8 percent. All 18 industries in the Stoxx 600 climbed, except the food and beverage group. The Stoxx 600's group of technology shares advanced 3.3 percent.
Equity Technicals:
- DAX Index - the index has been to 3900, pulls back to 3860 - 3855, but should make an upmove to 3940 - 3950 thereafter. The medium-term outlook remains unchanged -- expect a new upwards cycle to form, one which should go on and challenge the 4175 top further out, and perhaps go on and focus at a 4500 upside target later in the year. The idea, from here on up to next week, is not to quibble about a cyclical low, but rather start building a long stake at current levels for the medium-term haul.
- FTSE 100 Index - the index has been to 4390, pulls back to 4335 - 4330, but should advance further towards the 4410 - 4420. The medium-term outlook remains positive. The next upwards phase from there may kick off a new upside sequence which will go on and challenge the 4600 top, and perhaps extend gains further towards 4750 later in the year. Therefore, the idea, from here on,is not to quibble, but rather start building a long stake at current levels for the medium-term haul.
- S&P 500 - the index failed to make it 1120 and fell below Monday's trough, going to as low as 1093 -- a disappointing development since it opens up the risk of further declines to 1080 - 1070. The medium-term view remains positive however -- if 1080 holds the line, expect a new bull market cycle, may go on and challenge the 1165 top, and thereafter extend gains to 1225 later in the year.
- Dow Jones Ind Ave. - the Dow failed to make it to 10,300, and looks like the test of the low will go through and Dow revisits 9850 base, a disappointing development. The medium-term view remains positives nonetheless. The main uptrend should resume shortly. -- the bull market's revival waits in the wings -- and eventually, we expect to see a rally to the 10,800 top, and perhaps further appreciation towards 12,000 later in the year.
- NDX 100 - an upmove towards the 1440 - 1450 resistance was turned back at 1433 -- the decline since then disappoints, as it opens the possibility of further declines to 1370 - 1360. The medium-term view remains positive however -- a new bull market should go on to test the 1560 top, and perhaps further appreciation towards 1750 later in the year.
- Nikkei - no change in view -- the rally has resumed and should go further higher -- next stop is 12,200 high. We believe in the bulls' case -- a new uptrend may have already initated from the 10,450 low in May, which may have 15,000 - 15,500 as the major goal late in the year.
- Hang Seng - no change in view -- the index should continue to ratchet higher, then challenge the 12,600 resistance. The market gets set for a new bull market rally. The uptrend should then resume and may target the 16,500 - 1 7,000 area later in the year.
hijeff
- 22 Jul 2004 08:54
- 180 of 240
morning my long for the comp has to be BAA safe as houses.
Hiro
- 22 Jul 2004 12:52
- 181 of 240
hey moony, been hard to find, u here now? is there a new fx fred,,,,am long some cable think the dollar might resume weakness, whats greeny talking aboot and when..?
moonblue
- 22 Jul 2004 14:34
- 182 of 240
he said this an that but i didnt understand hiro...still using advfn for fx...swisscableloon fred
moonblue
- 22 Jul 2004 14:35
- 184 of 240
get us a long for muny am compo hiro
hijeff
- 22 Jul 2004 14:42
- 185 of 240
moonie,griss refered to you as also 'captain splash' is that true,you basteeeerd
Hiro
- 22 Jul 2004 16:36
- 187 of 240
long lol? needle in a haystack moony, try ghh, wkp or pdg, all in uptrends ghh had fundamental good news in last results, could try ubm with stop 450...what kind of compo is it that u cant hedge - come back lemmy ! If u believe the bottoms in arm always good fer a punt. Pharma ub48 sector could be bottoming azn and gsk have moved off their lows...then again most looks a bit fooked out there.
chairman lao
- 22 Jul 2004 16:57
- 188 of 240
found you , think tpb's talking to himself over there
moonblue
- 22 Jul 2004 17:22
- 189 of 240
maybe we just go long 1 share of some penny stock then we just stay cash
zarif
- 22 Jul 2004 17:26
- 190 of 240
Phew -sigh of relief -managed to get out of cable long today with 30pips upfront after tearing my hair out yesterday. I bet now it rockets up.Have u noticed that the whole "game" changes as soon as u put on a real position?
rgds
zarif
chairman lao
- 22 Jul 2004 17:47
- 191 of 240
them unigmas all came good so far today , think i'll wait for next off day then start trading the next day
chiro1
- 22 Jul 2004 19:56
- 192 of 240
evening...
well whenever I've gone against the unigma trend I've lost fwiw....
chairman lao
- 22 Jul 2004 20:02
- 193 of 240
i'm not going against them chiro but it looks like they have the odd off day so was gonna wait for them to have an off day then go with them from then on , been watching them for a couple of days and i'm reasonably impressed
zarif
- 22 Jul 2004 20:16
- 194 of 240
Chairman Lao:
Nice to have your accquaintance (spelling wasnot my best subject).
If you dont mind can you let me know what FWIW stands for and LOL as a lot of people use it and I honestly dont know. As they say if you put your hand up and ask you may look a for fool for a minute otherwise you will be one forever.
rgds
zarif
chiro1
- 22 Jul 2004 20:17
- 195 of 240
sounds like a reasonable tactic CL - good as any!