| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread - Wednesday 21st January (SOF)
Crocodile - 20 Jan 2004 23:25
| Premarket Futures | FTSE =2 | DAX -2 | DOW +2 | S&P -0.2 | Nasdaq -2.5 |
|
|
FTSE 250 |
FTSE Small Cap |
FTSE TechMark |
|
|
Nasdaq 100 |
S&P 500 |
S&P Futures |
|
|
|
10 Year Bond |
 |
| London Traders Day 29th January - Traders Room Investors Room | |||
| News: | Sorry Your browser is not java capable | |
|
The Dow tumbled despite a slew of upbeat earnings but telecom gains enabled the Nasdaq to stave off such losses. The Dow Jones fell 71.85, S&P down 1.06 but the Nasdaq finished up 7.51 Motorola & AMD bring in good figures. The Pound has its biggest jump against the dollar for years and there are now real fears that the weakness of the dollar will end the global economic recovery Somerfield reported a big jump in first half profits on Wednesday and said sales were on an improving trend. Pre-tax profit of 15.5 million pounds up from 6.4 million pounds profit the previous year.and compared with most analysts forecasts in a range of 8.3-14.3 million pounds. The interim divided was hiked 50 percent to 0.6 pence per share. Somerfield, which rebuffed a takeover attempt last summer to pursue its own recovery plan, said its group like-for-like sales rose 1.5 percent in the first 10 weeks and early market indications are looking for a 2p rise is share price. Cadbury Schweppes said it had appointed Ken Hanna as its chief financial officer starting in April. TBI: Germany's biggest building company Hochtief said it was no longer considering a potential acquisition of the British airport operator Morgan Crucible said trading since it announced first-half results in September had been in line with its expectations, but the timing of a market recovery was unclear. |
||
|
|
|
||||||
|
Somerfield (I) PBT 44.7m exp. GW Pharmaceuticals (F), Cookson Q4 Trading Update 00.01 Treasury Committee Publishes Report on Budget Deficit 09.30 Bank of England Minutes Released 09.30 Dec Public Sector Net Borrowing 5.5bn exp. 09.30 Dec Preliminary M4 money Supply y/y 6.8% exp. 09.30 CML, BBA & BSA Mortgage Lending Figures |
Computer Ass (Q4), eBay (), JP Morgan Chase (Q4), Lucent Tech (Q1), Merrill Lynch (Q4) 12.00 US MBA Mortgage Applications (w/e 16/01) 13.30 US Dec Housing Starts 1955k exp. 13.30 US Dec Building Permits 1868k exp. |
11.00 EMU Dec CPI y/y 2.1% exp. 11.00 EMU 3rd Quarter Revised Labour Costs y/y 3.0% exp. |
||||||
Ex Dividend: Arla Foods (0.5), Baggeridge Brick (4.25), British Land (4.43), Burberry Group (1.5), Galen holdings (2.4), HMV Group (1.3), Heiton Group ( .07), Iaws Group ( 0.047), Imperial Tobacco (30), Kelda Group (8.1), Kleeneze (1), Lonmin (US$ 0.42), Northgate (7) |
||||||||
|
|
|
|
|
 |
ThePlayboy
- 21 Jan 2004 07:08
- 2 of 34
R2 4537
R1 4518
PP 4508
S1 4489
S2 4479
Close was under Tue pp after loosing 2.5pts in the auction! 2 day ftse chart rangebound, all down to the DJ 10500 level ftm, lower high today pos tgt of 4490 (s1) or 4520 on cont strength, top of TL to form another lower dailiy high!
ThePlayboy
- 21 Jan 2004 07:08
- 3 of 34
Key DOW Levels for 1/21
UP Above 10,560
DN Below 10,520
Resistance Holds
Dow opens above 10,600, falls back.
From prior commentary, "...Watch 10,600 closely Tuesday, as a move away from this level will likely be swift and powerful. An upside break through it will make for another medium term uptrend, while a downside reversal off it will push the index back toward support..."
The Dow opened the session slightly above the key 10,600 resistance level this morning, but quickly pulled back below the level, sparking a slow descent the remainder of the session, seen in the 15 Minute Chart.
The Dow continues to hold within the wide trading range that has formed at the highs of the major uptrend from 10,375 to 10,600, seen in the 60 Minute Chart. The fact that the index has pulled off resistance and has now formed a tight intraday consolidation at the lows points to a likely push lower toward support at 10,375.
A downside break from the consolidation at 10,520, seen in the 15 Minute Chart, will likely make for continued downside movement toward the lower boundary of the wide range. On the other hand, an upside break through the top of the consolidation at 10,560 will make for another test of major resistance at 10,600. A break through resistance will make for renewed strength in the medium term.
Short Term Dow
Short term, we will watch the tight consolidation that has formed at the lows of the 5 Minute Chart from 10,520 to 10,560 for a break. A break from this range will likely lead to short term direction at the Open.
Medium Term Dow
In the medium term, we entered the market Short this morning at 10,550, but stopped out at the entry due to the Breakeven Rule. No other trades were triggered and we are still out of the market. We will watch 10,520 down, and 10,560 up for positions tomorrow; using 20 point stops.
NASDAQ & S&P
The NASDAQ and S&P each gapped slightly higher this morning, but was not able to hold on to the gains. Each index closed the gap, then drifted sideways to the Close. Look for a break from today's range to indicate tomorrow's direction. *
Summary
The Dow was not able to hold above the clear 10,600 resistance level today, as the index quickly fell back below and trended lower for a 72 point loss. The index has now formed a tight consolidation at the lows, which we will watch closely for a break. A downside break will likely spark another wave lower within the wide trading range.
Douggie - 21 Jan 2004 07:54 - 4 of 34
Melnibone - 21 Jan 2004 08:09 - 5 of 34
Following on from yesterday, IMT has opened up below
1060.
This has turned from support to resistance in my book
so I'm playing by the rules and leaving it alone.
Genuinely hope it bounces back up for you Testex, looks like
it's going to at the moment. Best of luck.
Melnibone.
little woman
- 21 Jan 2004 08:11
- 6 of 34
Just here watching for just over an hour...........
Melnibone - 21 Jan 2004 08:20 - 7 of 34
Stocks are moving OK, but the FTSE quote and charts
are just stuck there, not moving.
Melnibone.
Crocodile - 21 Jan 2004 08:30 - 8 of 34
Melnibone - 21 Jan 2004 08:47 - 9 of 34
At the moment it's still just under water.
Divi was 4.43p and it's -7.5p on the bid.
Lowest offer price, so far has been 601.5p,
and the highest bid since then 602.5 so not
a lot in that one.
Think I'll leave that alone as well.
Melnibone.
martin49 - 21 Jan 2004 09:00 - 10 of 34
Melnibone - 21 Jan 2004 09:00 - 11 of 34
when 360p held.
Was intending it as a scalp, but seeing the way it is this
morning I may as well move my take profit stop up and see
how much legs its got. Can't lose now unless we get a sudden
crash.
Melnibone.
Melnibone - 21 Jan 2004 09:19 - 12 of 34
Took the 5p profit. I didn't take it last week and ended up
losing it again. Not repeating the same mistake.
That's recouped last weeks SHEL loss and given a bit of
profit.
Now, if GSK will just play ball......
Melnibone.
Melnibone - 21 Jan 2004 09:34 - 13 of 34
We need yesterdays profit taking in the US to reverse to move
higher. If it goes negative again today then 4450 beckons in
my view.
Oh for a serviceable Delorean. :-)
Melnibone.
ThePlayboy
- 21 Jan 2004 09:36
- 14 of 34
Melnibone - 21 Jan 2004 09:45 - 15 of 34
Anyway, stuff to do now, so logging off.
See you all later.
Melnibone.
ThePlayboy
- 21 Jan 2004 09:56
- 16 of 34
oummadi2000 - 21 Jan 2004 12:15 - 17 of 34
little woman
- 21 Jan 2004 12:35
- 18 of 34
oummadi2000 - go to http://www.itpaysdividends.co.uk/
I subscribe to this, but found I had to e-mail direct to admin@itpaysdivideds.co.uk rather than register on the site, as I go no response from the registration. I don't know if this still a problem.
little woman
- 21 Jan 2004 12:37
- 19 of 34
Melnibone - 21 Jan 2004 14:55 - 20 of 34
Just taken the profit on the SBRY I said I'd bought yesterday.
Should have took it yesterday, could have taken the same again
today.
Testex, well done on sticking with IMT, you've called this one
great. Have you taken the money yet or holding on for more?
Melnibone.
stockbunny
- 21 Jan 2004 15:03
- 21 of 34
the FT produced a listing of the FTSE companies right down to
fledgling listings, giving details of divi's, report dates etc.
It was produced in their Money Guide that used to come with the FT
on the weekend. Now although the money guide is incorporated with
the finance and business section now, it may be worth checking a
copy this weekend to see if they do a list for this year. I found
last years invaluable and all for 1 as the FT was than!!
- Page:
- 1
- 2
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Follow us on Twitter