| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread - Thursday 11th March (RSA)
Crocodile - 10 Mar 2004 21:54
| UK PreMarket Futures | FTSE -40 | DAX -50 | DOW +13 | S&P +1.3 | Nasdaq +1.5 |
|
|
|
|
|||||||||||||
|
|
|
S&P Futures |
|
||||||||||||
|
|
|
||||||||||||||
| News: | Sorry Your browser is not java capable |
 |
|
|
US indexes plunge for the third day in a row pushing the Dow into the red for the year Royal & Sun Alliance said that annual profit fell 38 percent to 140 million pounds against estimates of 185 million and said it increased reserves for claims. McAlpine reported a 20 percent profit rise to 36.2 million pounds that met forecasts and said it hoped to make further progress. Most of the business comes from support services nowadays and the order book is healthy. Amec engineering posted a 7% rise in profits to 112.5 million pounds, in line with estimates, but said industrial markets continued to be uncertain. First Choice Holidays said it was trading in line with expectations, with strong winter sales and a significant strengthening in summer bookings.Cattles lender and debt collector said it had made an encouraging start to the year as it posted annual results of 122.7 million pounds at the top of market expectations.Laird Group electronics firm reported an 18 percent rise in annual profit 3to7.4 million and said it had started to see an improvement in some of its markets. InterContinental Hotels reported a 5.4 percent dip in 2003 profits to 244 million pounds at the top end of forecasts. They added that its hotel trading is improving steadily in America and the UK. Alvis military vehicle maker said it had agreed a takeover offer by U.S. defence contractor General Dynamics which values it at about 309 million pounds The cash offer is at 280 pence per share upf about 33 percent to the closing price yesterday |
|||
|
|
|
||||||
|
Argonaut Games (I), NeuTec Pharma (I) Alfred McAlpine (F), Alvis (F), Amec (F), Amlin (F), Biocompatibles (F), Cattles Holdings (F), Flomerics Group (F), Incisive Media (F), InterContinental Hotels Group (F), Johnson Service Group (F), Laird Group (F), Lambert Howarth Group (F), Royal and Sun Alliance (F), Shire Pharmaceuticals (F), Sportech (F), First Choice (AGM), Lpa Group (AGM) |
McDermott Int (Q4), Oracle Corp Oracle (Q3) National Semiconductor (Q3), El Paso Corp (Q4) 13:30 Import / Export Prices Feb 13:30 Initial Claims 03/06 345K 13:30 Retail Sales Feb - 0.6% 13:30 Retail Sales ex-auto Feb 0.5% 19:00 Treasury Budget Feb -$100.0B |
Bayerische Hypo-und Vereinsbank AG(F) Bayerische Motoren-Werke AG Bayerische Motoren-Werke AG sales results K+S AG(F), Salzgitter AG (F) Aixtron AG (F), IDS Scheer AG (F) Celanese AG (F) Casino Guichard-Perrachon (F) |
|
|
|
|
|
|
Crocodile - 10 Mar 2004 21:55 - 2 of 16
ThePlayboy
- 11 Mar 2004 06:41
- 3 of 16
Key DOW Levels for 3/11
UP Above 10,400
DN Current Trend
Steep Decline
Dow opens session sideways, but eventually powers lower to the Close.
From prior commentary, "...The index has now sold off over 200 points in just two sessions, which means we could begin to see a period of sideways movement while the index digests the prior move. Watch for a consolidation to form at the lows to indicate continued weakness..."
The Dow opened the session relatively flat this morning, as the index traded sideways forming a base at the lows of the prior decline, seen in the 15 Minute Chart. However, this wouldn't last long, as the morning is all the index needed to digest the prior move.
The Dow broke the morning range to the downside and continued sharply lower to the Close, ending the session lower by 160 points, also seen in the Daily and 60 Minute Charts.
Looking at the Daily Chart shows that the index has followed through solidly after breaking the major lower channel boundary at 10,550. The index has now taken a more than 300 point plunge in three days, which could mean it is oversold in the short term. Watch for either a reversal or a consolidation to form at the lows tomorrow. We could see a period of sideways movement until the market can decide its next move.
Short Term Dow
Short term, the Dow has formed a tight range at the lows of the 1 Minute Chart from 10,285 to 10,320. Watch for a break from this range for short term direction at the Open.
Medium Term Dow
In the medium term, we are still Short the Dow from 10,550 and will move stops down to 10,400 to lock in more profit. We will wait to enter Longs until 10,400 is crossed to the upside; using 20 point stops.
NASDAQ & S&P
The NASDAQ and S&P each pushed slowly sideways early in the session before the big late-day decline. Look for the formation of a continuation pattern to help decide the market's next medium term move. *
Summary
The Dow sold off sharply after trading sideways early in the day. Look for the index to form a range at the lows, as is typically the case after such an explosive move.
ThePlayboy
- 11 Mar 2004 06:43
- 4 of 16
THU FTSE PP
r2 4568
r1 4557
pp 4539
s1 4527
s2 4509
Ftse closed above its pp on Wed, lost .9 in the auction! Top of downtrend at 50 and bottom of TL off Wed low at 30 levels to watch imho, Dj still in downtrend until a brk up through 10460 occurs for cont stregth, not that the ftse seems to care what the Dj does these days!
edit-big gap down!
Crocodile - 11 Mar 2004 07:34 - 5 of 16
little woman
- 11 Mar 2004 08:05
- 6 of 16
I have to go out for the morning, but hope to be back before market open.
Curious to know how far we will follow yesterdays US fall & what the US will do later.
little woman
- 11 Mar 2004 08:18
- 7 of 16
little woman
- 11 Mar 2004 08:35
- 8 of 16
little woman
- 11 Mar 2004 08:55
- 9 of 16
Melnibone - 11 Mar 2004 08:58 - 10 of 16
hibernation. Now let's hope they are hungry.
Looking for 4500 to break on the FTSE to signal further
declines.
S@P needs to break below 1120 to enable the DOW/S@P
to go down to 10,000/1100 respectively.
The S@P P@F chart set a Bull trap when it went above
1160. Time to be careful that it doesn't now set a
Bear Trap below 1120. The main trend is still up in
US election year.
Just looking on all this as a healthy retracement, not
confirmation of the end of the Bull Run.
Melnibone.
Crocodile - 11 Mar 2004 09:00 - 11 of 16
Crocodile - 11 Mar 2004 09:25 - 12 of 16
little woman
- 11 Mar 2004 09:37
- 13 of 16
Crocodile - 11 Mar 2004 13:07 - 14 of 16
Crocodile - 11 Mar 2004 13:32 - 15 of 16
Crocodile - 11 Mar 2004 18:48 - 16 of 16
- Page:
- 1
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Follow us on Twitter