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Traders Thread & Thoughts - Monday 15th September (KGF)     

Crocodile - 14 Sep 2003 11:41

draw?period=1D&action=draw&startDate=10% draw?period=1D&action=draw&startDate=10%

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fpDJIA.gqplus?511 marketwatch-ss.img?symb=SP500 fpNASDAQ.gqplus?183
S&P Futures Nikkei +166 Hang Seng +45 Gold
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7:30am Futures

FTSE +20 Techmark +2 DAX +12 Dow +5 S&P+0.7 Nasdaq -1.5

News Headlines:  

In the U.S. Commerce Department issues Business Inventories for July at 1230 GMT. Economists expect a median fall of 0.2 percent, versus a rise of 0.1 percent in June. Production figures from the world's largest economy are due out at 1315 GMT and are expected to show a rise of 0.2 percent, versus a gain of 0.5 percent in July.

Sweden has decisively rejected the European Union's single currency

Astra Zeneca launch's its top new drug hope Crestor in the crucial U.S. market on Monday, London's Times newspaper said, without citing sources.BP Shell Oil prices hit their lowest level in four months on Friday as a powerful hurricane in the Atlantic looked likely to pass to the north of U.S. Gulf oil and gas installations.Telewest agreement on restructuring is likely to be posted to creditors over the next two months, a source close to the talks said on Friday.

Aegis Group media advertising said it had agreed to buy Belgian research business Censydiam Group for up to 8.75 million euros

Whitbread possibly wants to buy Premier Lodge

The average house price rose by nearly 15 percent in the year through July with the average price of a property in July was 156,273 pounds, up 14.6 percent from a year earlier. The new monthly index, which is being compiled on an experimental basis by the office of the deputy prime minister, is based on the price of 25,000 properties sold each month.

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United Kingdom

F)inals (I)nterim 

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United States

(Click Flag) All  Times GMT

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Europe & World

All  Times GMT

Mon 15th Sep

Reporting

Company Updates

Financial Data

Enterprise (I), Ulster Television (I), Vanco (I), Wilmington Group (F)

 

 

13.30 2nd Quarter Current Account -$138bn exp. 13.30 Sep Empire State Manufacturing Survey 15.0 exp. 13.30 July Business Inventories 0.1% exp. 14.15 Aug Industrial Production 0.3% exp. 14.15 Aug Capacity Utilisation 74.6% exp. Europe: Thales (I), JC Decaux (I)
Good Trading!      david@FTSEDOW.com     www.FTSEDOW.com Bloomberg TV

Pivot Calculator

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Crocodile - 14 Sep 2003 11:42 - 3 of 14

Sunday News 14th September        

Amid accusations of phone cloning and the use of car-tracking bugs in the Collins Stewart affair, the Square Mile is suddenly paranoid. Telegraphumtxc1.jpg

BAT is lining up a 2bn bid for the cigarette arm of Turkish state group Tekel. Philip Morris and Japan Tobacco are also in the running. CBI, the employers' body, is proposing the phasing of payments to sacked directors in an attempt to head of Government legislation over 'rewards for failure'.

Telewest is planning to list in New York in a move allowing it to merge with rival cable operator NTL, which already has a US quote.

The FSA is to unleash a major crackdown on insider trading, with 12 insider-dealing and other market abuse cases due before the courts in the next three months

Sunday Times:

Sainsbury adds homeware to challenge John Lewis Allied Irish Bank Bank of America savages AIB's Rusnak claim Moran sets his price for IWP International buyout at 5.9m Royal and Sun Alliance to sell off estate agents BAE dodges flak to home in on a new Saudi deal Whitbread wants budget hotel rival Minmet's 4.4m global rights deal BAE lines up Saudi plane deal Allied Irish Bank issues 1bn bond to grow mortgage lending Woolworths courts buyers for Big W chain Logica Cheap text deals hide rise in prices

Directors' Deals: Pizza chain brothers cook up a sale Judgment Day: Should you be buying shares in Isoft? Ask Central Directors' Deals: Pizza chain brothers cook up a sale

Irish business digest , Independent News and Media Wrigley puts mint into its Cadbury challenge London Stock Exchange FSA targets insider dealing 'dirty dozen' Permira likely to launch counter-bid for Debenhams Bank of Ireland: McCreevy in secret 500m spending plan Kingspan Group Irish business digest

Slush fund claims haunt BAE

BAE the defence group in talks with the Saudi government to extend its controversial Al Yamamah contract, centred on making improvements to its British-built Tornado fighter-bombers. Royal Sun Alliance is in talks to sell its estate agent business to a foreign buyer. US group Cendant, which owns Century 21, is tipped to buy the business. Sainsbury, the supermarket chain, is launching a range of homeware, the first part of its long-awaited push into non-food lines. Whitbread the leisure group, has held talks with the three bidders for Scottish & Newcastle's pubs to buy S&N's Premier Lodge budget hotel chain. Woolworths has been seeking buyers for its out-of-town superstores Big W.

Sunday Telegraph

Kingfisher profits wiped out by Kesa demerger bills No cause to be up in arms over BAE's baksheesh Manchester United Peter Kenyon to net 2m a year at Chelsea Brascan threatens Canary Wharf veto GlaxoSmithKline Hogg's mission impossible: winning plaudits for Garnier's pay

Trafficmaster The market is thinking long-term at last Premier Oil The market is thinking long-term at last Wembley's date with Providence

Run-down Boots needs a hefty dose of change from Baker

BAE's 'mini' Al Yamamah at risk from sleaze claims

Kingfisher, will say this week that its post-tax profits for the first half of the year have been virtually wiped out by the cost of the Kesa demerger

Wembley's plans to expand its gaming operations in the US have been dealt a severe blow by last week's indictment on bribery charges of two directors,

Observer

Telewest moves to US in debt deal Next's sales did not dry up in heat Dixons Clare and present danger BSkyB Sky-high task to put the 'new' into News 24 Carlton Fears grow over ITV asset-stripping

Kingston Communications Called to Hull and back Cheapside Vodafone Business Comment BAE Systems

Morrison's record profits to boost Safeway bid BAT reheats $4bn bid to buy Camel and Winston

BAT is again mulling plans for a takeover of RJ Reynolds, the US group behind Camel and Winston cigarettes. WM Morrison, the supermarket chain, is set this week to strengthen its case in the City for its Safeways bid with its best first-half profits since it listed in 1967. West LB, the German bank, is set to axe its London-based principal finance unit, headed by Robin Saunders, and its broking arm Panmure Gordon.

Sunday Mail:

Banks 'baling out on MyTravel'

Man U bracing for takeover

Debenhams chief facing fresh battle

Tesco facing a complete freeze of its assets in the Czech Republic

Bidders queuing up for Boosey

EMI is poised to make an offer of 600m for Warner Music

Collins Stewart stockbroker buys energy brokers Starsupply for 5m.

Minmet pays 3.1m for the rights to a radical new way to extract go

MyTravel is on the brink of bankruptcy, despite having won backing from bondholders for a 1.3bn debt refinancing deal The deal is expected to be announced on Monday, but industry sources warn that the company's bank debt is being sold more cheaply than Marconi's was before the collapse of the telecoms firm in 2001.

KESA, created three months ago from the demerger of High Street giant Kingfisher, is set to reveal a sharp fall in underlying sales this week

Securicor's potential liability for big damages claims resulting from 9.11 increases

Independent

Vodaphone, Orange, mmO2 Mobile firms in fight for 4bn rebate Next Already bespoken for: a retail dead end

Business View: Brasher and Bolder. After the food feud, Tesco must deliver the goods

BAE condemned for targeting 'trouble spots' such as the Democratic Republic of Congo and Iran to sell arms

Allied Domecq will this week begin takeover talks with Australian wine producer Peter Lehmann Wines. Contracts worth 1.2bn are up for grabs to build an oil platform to tap the most significant North Sea oil finds for a decade.

Scotland on Sunday

10m price tag on British Energy HQ Superwoman' under fire for Aegon results HBOS Forth Ports linked to takeover bid Scottish Investment Trust close to replacing chairman Sun shines on Tesco and Wm Morrison

Telewest plans US listing in NTL merger move PPL braced for rebel shareholders' demands Lloyds TSB Business news in brief Manchester United Star player with the ball at his feet

Investor Chronicle

Tips: Buy Royal Bank of Scotland at 15.50 Alizyme at 81p, Merrydown at 73p, Auto Indemnity at 29p, Consolidated Minerals at 35p. Sell Carpetright at 791p. Updates: Buy Whittard of Chelsea, AB Foods, and Acambis, Punch Taverns (PUB.L) is good value, Hold Regal Petroleum, Are Smaller Companies share prices running ahead too far? : DTZ , Betinternet , T Clarke , Vitec, Kewill Systems , Toad , Debt Free Direct , Morgan Crucible , Charter, London Bridge Software , IQE , Landround, Amstrad . Company Results: Buy Diageo , Regent Inns , Ask Central , Tullow Oil , Mears , Gyrus , Yule Catto, Sell JD Wetherspoon, Thornton

Shares Magazine 

Plays of the Week: Buy Retail Decisions at 12.625p, Inter-Alliance Group at 3p, Hot Group at 18p, Belgravium Technologies  Updates: Hold Stadium Group, Take profits/Hold SurfControl, Sell Coe Group,Company Profiles: Huntsworth, Tate & Lyle,Chart Buys: Lastminute.com, Colt Telecom, Spirent, Yule Catto, Gresham Computing Photo-Me International

Click the paper name for a link.     david@FTSEDOW.com     www.FTSEDOW.com  

Pivot Calc

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zscrooge - 14 Sep 2003 15:25 - 4 of 14

thanks Croc

Mega Bucks - 14 Sep 2003 15:37 - 5 of 14

Thanks Croc....

Long arm bby lgen dow ukx nasq

Hope you all have great week..

Mega...

little woman - 14 Sep 2003 15:56 - 6 of 14

Thanks croc

- like the change in layout - it makes it easier to read for people like me whose eyesight is not so good!

ThePlayboy - 15 Sep 2003 07:21 - 7 of 14

morning
Updated 9/12 for Monday's market.
Key DOW Levels for 9/15
UP Above 9,500
DN Below 9,375

Sloping Range
Dow drops at Open, recovers remainder of session.

From prior commentary, "...the 9,500 level is the 50% Retracement point of the move that occurred from the highs of the 8th to yesterday's lows. This pattern could push the index back down toward the lower trend line..."
The Dow opened the session weak this morning and pulled back down to the major lower trend line that we've been monitoring in the Daily Chart. The line held, though, and the Dow proceeded to reverse up off it, making back all of the early losses to end the day higher by 12 points.

The index continues to indicate that the overall uptrend is still in tact. Looking at the 60 Minute Chart shows that the Dow has formed a large downward-sloping consolidation at the highs of the recent two-week upmove. This type of consolidation typically indicates strength and a likely upside break. A break through 9,500 will confirm such a move.

Otherwise, a break below 9,375 will cause a solid break of the major lower trend line and push the index shaply lower. Watch this line carefully to the downside.

Short Term Dow

Short term, the Dow has formed a tight consolidation at the highs of the 1 Minute Chart from 9,460 to 9,490. Watch this range for a break to indicate direction Monday morning.

Medium Term Dow

In the medium term, we barely triggered Shorts this morning at 9,383, which resulted in a 10 point loss. No other trades were triggered and we are now out of the market. Watch 9,500 up, and 9,375 down Monday, with 10 point stops.

NASDAQ & S&P

The NASDAQ and S&P each opened the session weak this morning, but both indices were able to gain ground by day's end. Both indices are holding beneath short term resistance, which we will watch Monday. *

Summary

The Dow reversed sharply off the morning lows today and rallied up to the upper boundary of the large, downward-sloping consolidation that has formed in the 60 Minute Chart. An upside break through 9,500 will likely spark a solid push higher, while a downside break below 9,375 will indicate weakness.

b.barwick - 15 Sep 2003 07:23 - 8 of 14

Excellent, tons of really useful information, potential to save hours of searching, it's all here at a glance...Well done!

Crocodile - 15 Sep 2003 07:40 - 9 of 14

Morning all
Welcome b.barwick

Druid2 - 15 Sep 2003 07:53 - 10 of 14

Morning all. Thanks Croc - great layout. Thanks TP for Dow info. Nice sunny morning in North wales but going to South Wales (Cardiff) for a 2 day break so hope it's nice there as well. Only small positions open. Have a good trading week everyone.

little woman - 15 Sep 2003 09:14 - 11 of 14

Morning all, late for work again!

Friday afternoon I sneaked a look at TWT and decided to be rash again and boughts a few shares! (Every time I buy TWT I tell myself they are not going to go bust just yet!) I'm now into profit, so I'll just put a stop loss (in case they don't hold) and a limit sell (in case they do!)

Between April and August I was doing the same with CS. (Managing to increase my stake overall by just under 100%) but after selling the last lot in August they carried on up - so TWT replaced it as my very quick buy & sell share. It looks like it is finally coming down a bit, so I will go back to it as I feel happier trading CS. over TWT!

Crocodile - 15 Sep 2003 09:26 - 12 of 14

LW, best of luck with TWT!
Very quiet market, watching ..

Crocodile - 15 Sep 2003 13:03 - 13 of 14

Short TWOD Nice chart ..

Crocodile - 15 Sep 2003 16:39 - 14 of 14

Scalped a bit from KESA @ Mytravel shorts. Closed Logica long flat.
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