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Traders Thread - Friday 21st May (LLOY)
Crocodile - 20 May 2004 21:10
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S&P Futures |
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U.S stocks failed to find direction with some weaker than expected earnings and economic news, the continued high price of oil and Friday's monthly options expiration. Wolverhampton & Dudley Breweries reported a 5.3% inline rise in half-year profits of 31.7m and added that current trading was in line with expectations. Cadbury Schweppes said it was cautiously optimistic about the outcome for its full year and expected to deliver results within its target ranges, However its costs have risen faster than inflation. Hilton Group said that profits for the first four months of the year had doubled, as the hotel sector continues to recover from last year's slump. Tomkins engineering posted higher profits of 69 million pounds above expectations, and said key markets improved in the period as its three-year restructuring plan showed results. |
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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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AttentiV Systems (I), Castings (I), Wolverhampton & Dudley (I) Hilton Group (AGM), Lloyds TSB (AGM), Rotork (AGM) April prov M4/M4 lending (08:30), April PSNCR (08:30), BBA April net sterling lending (08:30), BSA / CML April mortgage lending (08:30) |
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Pre Market Futures |
FTSE +1 |
DAX+10 |
DOW+25 |
S&P+2.9 |
Nasdaq+7 |
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stockbunny
- 21 May 2004 15:53
- 26 of 35
although nothing spectacular most are holding minor gains,
a day for being thankful for small mercies I suppose.....
little woman
- 21 May 2004 15:57
- 27 of 35
stockbunny
- 21 May 2004 16:05
- 28 of 35
markets need to calm down a bit and have needed to for the last week
or so. OK so US interest rates could go up, but they couldn't stay
at 1% for ever and I can't believe the US economy would come crashing
down on a rate increase, plus the price of oil has been high before
and it drops just as fast as it goes up, again hardly likely to send
all reality crashing to the floor!
Seems since the crash in 2000, people are scared quickly these days and
profit take instantly on the slightest thing as if the end-is-nigh...
The yo-yoing across the world these last couple of weeks has been
amazing - up 100+, down 100+ it seems panic driven at times....
optomistic
- 21 May 2004 16:29
- 29 of 35
stockbunny
- 21 May 2004 16:35
- 30 of 35
So this is where you've been hiding this afternoon,
hope it's been a good day and be lucky!!
optomistic
- 21 May 2004 16:42
- 31 of 35
stockbunny
- 21 May 2004 16:45
- 32 of 35
(runs out back to the tea-rooms...)))
ThePlayboy
- 21 May 2004 16:58
- 33 of 35
R2 4472
R1 4452
PP 4433
S1 4413
S2 4394
Ftse closed below its pp on fri and gained 1.3pts in the auction, closed right on the line of the down trend off Fri high, pos break up at 33 and pp confrimes it for Monday, if not cont weakness, down yet again need to close above 10k for pos strength to 10100 imho!
ThePlayboy
- 21 May 2004 16:59
- 34 of 35
WEEKLY FTSE PP
R2 4531
R1 4481
PP 4422
S1 4372
S2 4313
Looks like more of the same range bound action sadly next week, 4400 clear sup on 1yr with 4360 next, 4460 res up, pos Head and shoulders on 5day chart in header, break up at 4440 bullish if not i,m bearish below for the week, dow still all about 10k, feels like its been there forever, 9900 the critical level with 10100 up the next res!
ThePlayboy
- 21 May 2004 16:59
- 35 of 35
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