Crocodile
- 15 Jan 2004 21:05
Premarket Futures |
FTSE +9 |
DAX -11 |
DOW +16 |
S&P +1.7 |
Nasdaq +5 |
News: |
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US: Despite Strong earnings from IBM and a mega merger in the
bank industry the stock market was flat near the close, with investors
showing some disappointment about the broad tech sector's earnings and
forecasts.
Boots reported Christmas sales in line with expectations and promised to lower more prices and extend opening hours in its battle with the
grocers. Like-for-like sales at its core chemist chain were up 4.1 percent which was in line with the range of analysts' forecasts of 2.0-5.9 percent but above the consensus.
Peacock
low-cost clothes retailer said its performance in the third quarter meant it expected to meet forecasts for its financial year to end-March. Like-for-like sales fell by 0.3 percent in the 13 weeks to December 27, but grew by 4.8 percent in the 39 weeks to December
27
Geest said annual operating profit would be in line with expectations as it increased prices to help offset higher raw material costs. Total sales rose about 12 percent in the year to January 3, with UK sales of fresh prepared foods its key market up about six percent
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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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Boots Trading Update
Peacocks Trading Update
Bellway (AGM)
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13.30 Nov Business Inventories
0.2% exp.
14.15 Dec Industrial Production 0.7% exp.
14.15 Dec Capacity Utilisation 76.1% exp.
14.50 Jan Preliminary Michigan Sentiment 94.0 exp. |
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Melnibone
- 16 Jan 2004 12:42
- 22 of 36
I hope you're right TP.
I was hoping for a FTSE low to 4380/4400 and then a bounce
higher this week, but seeing as we aren't getting it then
the next best thing would be for the 4450/4460 level to
hold as support at the top of the old trend channel.
(Which would now be the bottom of a possible new channel.)
Melnibone.
ThePlayboy
- 16 Jan 2004 13:35
- 23 of 36
business inv .3 better than exp
ThePlayboy
- 16 Jan 2004 14:20
- 25 of 36
ind prod worse than exp at .2%
Melnibone
- 16 Jan 2004 14:52
- 27 of 36
Good afternoon,
Consumer confidence figures way up causing markets to spike higher.
Melnibone.
Melnibone
- 16 Jan 2004 15:44
- 28 of 36
Titter ye not, SHEL will come good again. ;-)
Took a chance that GSK has peaked for today on that last bounce
and sold for a 35p loss.
If I've got my touch back again I'll get them back cheaper.
Wish me luck.
Melnibone.
Melnibone
- 16 Jan 2004 15:50
- 29 of 36
Looks like my CMC trading platform has frozen up again.
It's been doing this since last Friday's upgrade.
I hope they sort the bugs out this weekend.
Melnibone.
Melnibone
- 16 Jan 2004 17:03
- 30 of 36
It's taken me an hour to get my trading platform back
on line again.
Anyone else been having problems?
Not too bad a day, ended up in profit in the end so maybe
Lady Luck is smiling on me again.
Be interesting to see where the US ends tonight.
With the US closed on Monday, I'm expecting the UK
to open up to match the US close and then range trade.
We shall see.
Melnibone.
ThePlayboy
- 16 Jan 2004 17:37
- 32 of 36
MONDAY FTSE PP (DJ CLOSED)
R2 4514
R1 4501
PP 4479
S1 4465
S2 4443
Close was above Fri r1! 2 day ftse chart targeting 4500, unless a break of uptrend at 4475 to 4460! All about Dj 10600/550 tonight for direction imho!
WEEKLY FTSE PP
R2 4531
R1 4509
PP 4470
S1 4449
S2 4410
For next week if this week has been anything to go by then tricky, volatility down by 40% at least! 3 month uptrend channel lower at 4410 s2/upper 4540 abnove r1, ftse close roughly in the middle, more consolidation next week or was this week the consolidation for a brk? Either target achievable imho for next week, ftse over bought atm so maybe a pullback and rally to the highs, imho a test of 4450 and a touch of at least 4510 for next week!
Have a good weekend!
Melnibone
- 16 Jan 2004 18:31
- 33 of 36
Thanks for the reply little woman.
Mine has been a lot worse than that, this week.
I think Testex said they were having technical
problems yesterday.
Everything just freezes. Nothing will respond.
I've left it for up to 15 Minutes and it still
doesn't come good.
The only way I can get a response is to reboot the computer,
and there's nothing wrong with my computer, everything else
is working perfectly.
I thought, perhaps, that I'd got a faulty update last Friday,
but if that was the case then why would it work perfectly
the rest of the time?
At the moment it's flying along at the speed of light.
Puzzling. If it doesn't sort itself out over the weekend, it
usually does the second week after an update, I'll give them
a call.
Melnibone.
Melnibone
- 16 Jan 2004 18:37
- 34 of 36
Aha!
Just read my e-mail.
They are closing from 2100 Hrs tonight to do software maintenance
right through to 2000 Hrs on Sunday.
Melnibone.
Druid2
- 16 Jan 2004 21:17
- 35 of 36
Melinbourne - Yes I've been having problems with D4F freezing up all the time but it worked in my favour today. When BARC was above 530 I tried to place a limit long at 530 but nothing happened. I then tried to place the same order again and again nothing happened so I then decided not to bother doing the trade. Later in the day when I was checking I noticed that BOTH of the limit orders had been triggered. Looked at BARC price and it was 528 so I was a bit upset. However, later, when BARC price went up I was able to place a "stop in profit" on both orders at 531 to lock in 1 point on each order. Very lucky but makes me wonder what could have happened if the price had gone against me.
Have a good weekend all.
Melnibone
- 17 Jan 2004 13:55
- 36 of 36
Thanks for the replys Testex and Druid2.
Looks like they've got some bugs at their end that they will
hopefully sort out this weekend.
I've had a similar situation to your BARC trade in the past.
I tried to take profit by closing a FTSE short.
Nothing happened so I tried to place the order again.
Still nothing happened. The system froze and I didn't
have a clue what was happening.
I rebooted the computer and tried to get everything working again.
Two trades appeared on my trades blotter.
The original buy had closed the short in profit but the second
trade had activated as well.
I now found myself Long in a falling market.
I phoned up and explained what had happened. They checked it out
there and then and cancelled the second trade which was now in
a loss, no problem.
They probably would have done the same with your second BARC trade
but left the original order standing as that had been your original
intention.
If something likes this happens you should always give them a call
and give them a chance to sort matters out fairly and amicably.
I find that if you are polite and honest with people then most
folk reciprocate.
You reap what you sow and all that kind of stuff.
Melnibone.