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Traders Thread - Tuesday 7th October (MKS)     

Crocodile - 06 Oct 2003 21:31

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

marketwatch-ss.img?symb=DAX

fpDJIA.gqplus?511 marketwatch-ss.img?symb=SP500 fpNASDAQ.gqplus?183

S&P Futures

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Nikkei +80

Chart

Hang Seng -79

Chart

t24_au_en_usoz_6.gif

7:30am Futures

FTSE +8 Techmark +3 DAX -3 Dow +5 S&P -2 Nasdaq +-1.5
 News Headlines:

US stocks made small gains following Motorola's decision to spin off its semiconductor unit helped to spark buying interest in the technology sector. but the Yom Kippur holiday kept volumes low. The DJ has now gained approx 280 points in the least 3 sessions.Marks & Spencer said its second-quarter growth was 0.6 percent, slower than its first quarter and most analysts' expectations. Non-food like-for-like sales were flat compared with forecasts of minus 1 percent to plus 2.5 percent growth. Clothing sales were fairly sluggish, up 0.9 percent, but M&S said full price sales increased three percent & food sales were up 1.6 percent.

George Wimpey The UK's biggest housebuilder, said its CEO would retire at the end of the year. The company also said in a statement: "With virtually all of the year's total expected sales now either completed or reserved, sales volumes, prices and margins for the full year are expected to meet or somewhat exceed expectations".

TBI reported sluggish passenger growth at its key Luton airport but said overall trading in its first half was satisfactory as low-cost plane travel continued to gather momentum. Passenger numbers were up five percent at Luton in the six months to September 30, slowed by the withdrawal of charter firm myTravel.Michael Page recruitment said its full-year profit for calendar 2003 was likely to exceed analysts' forecasts, assuming no fresh downturn in its markets.

Matalan reported lower than expected first-half profits but said like-for-like retail sales grew 5.7 percent in the five weeks to October 4. Profits of 41.2 million pounds for the 26 weeks to August 30, compared with 53.6 million pounds a year earlier. Analysts had forecast pre-tax profits of 44-45 million pounds.

Carpetright said first-half profits would meet expectations as a bigger than anticipated boost from cost cuts offset a drop in underlying sales. The firm said like-for-like sales fell 1.5 percent in the 22 weeks to October 4. However, gross margins rose 2.9 percentage points over the same period.

EasyJet said it carried 1.89 million passengers in September, up 18.6 percent from the same month last year and its passenger loadings in September were 85.9 percent, up from 84.7 percent.

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United Kingdom Calendar (F)inals (I)nterim 

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United States  (GMT)

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Europe & World (GMT)

Tue 7th Sep

Matalan (I) PBT 44m exp.

EasyJet Sep Traffic Figures Marks & Spencer Trading Statement

09.30 UK Aug Industrial Production m/m 0.2% exp. US: 09.30 UK Aug Manufacturing Production m/m 0.2% exp. 09.30 UK BOE Publishes Q2 Mortgage Equity Figures

Apollo Group (Q3), Pepsi Co (Q3)

20.00 US Aug Consumer Credit $6.0bn exp.

11.00 EMU Aug Preliminary German BBK Factory Orders m/m 0.1% exp.

Good Trading!      david@FTSEDOW.com     www.FTSEDOW.com Bloomberg TV

Futures

Pivot Calculator

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jgp212 - 06 Oct 2003 22:22 - 3 of 18

It's To late Croc we are all buggered!!

LOL!

Jeff

Where the bloody hell is the "Reply Button"

Crocodile - 06 Oct 2003 23:12 - 4 of 18

:-)

Crocodile - 06 Oct 2003 23:29 - 5 of 18

Wed 8th Oct

Incepta (I), JJB Sports (I)

Royal & Sun Alliance (RSA). Rights GNI Deadline for Instruction

Big Food Group Trading Statement Carphone Warehouse Trading Statement Mothercare Trading Statement

Ex Dividend: ASK Central (0.4), Abbot Group (1.4), Alfred McAlpine (4.5), Alpha Airports (1), Alumasc Group (6.3), Brammer (1.5), CD Bramall (3.64), CI Traders (1.25), Clinton Cards (1.8), Close Brothers (17), Domestic & General (14.16), Forth Ports (12.1), Fulmar (1.8),Galliford Try (1), Games Workshop (12.5), House of Fraser (1.7), Informa Group (2.66), Intermediate Capital (10.5), International Energy (3.025),Irish Life & Permanent (EUR 0.15), London Security (3), Manchester United (spec cash 1.5), Manchester United (1.83), Mayflower Group (0.5),Meggitt (2.4), Minerva (2.1), Morrison WM (0.55), Personal Group (2), Rexam (7.3), Sevefield-Rowe (6.25), Signet Group (0.341), Swan Hill Group (1.75), Tibbett & Britten (8.2), Ultimate Leisure (4.34), White Young Green (3.35), Wilmington Group (1.7), Wilson Bowden (7.5)

Mega Bucks - 07 Oct 2003 07:11 - 6 of 18


morning campers,

still long lgen arm ctm cna....

looking at a short on rtr will see which way this goes today.

all i now is this bloody cold weather ain't good for me old bones:-)

have a good day will come back later...

Mega...

ThePlayboy - 07 Oct 2003 07:30 - 7 of 18

TUE FTSE PP

R2 4297.9
R1 4284
PP 4272.1
S1 4258.2
S2 4246.3

Close was above Mon pp and the weekly Pp after gaining 3.4pts in the auction!
Ftse and the dow still trading above there 61.8% FIB levels, close on the Dow below 9600 for a second time would be a sign of weakness imho!



Updated 10/6 for Tuesday's market.
Key DOW Levels for 10/7
UP Above 9,675
DN Below 9,525

Consolidating
Dow trades sideways within prior range; watch consolidation.

From prior commentary, "...The index continues to trend higher above a clear lower trend line, which we will watch for Monday's trading...look for the index to hold at the highs within a trading range before direction is decided..."
The Dow traded sideways throughout the entire session today, gaining just 22 points for the day. The 15 Minute Chart shows the index has formed a tight range at the highs of the recent uptrend from 9,560 to 9,665, which we will focus on for tomorrow's market.

Looking at the 60 Minute Chart, you see that the Dow has halted the current upmove at just beneath the clear 9,700 resistance level. The fact that the index is consolidating at the highs is promising of a continuation higher, but the Dow must break through resistance if further upside is to be seen.

On the flip side, the Dow may be overbought in the medium term. A downside break from the consolidation at 9,550 could spark a retracement lower.

Short Term Dow

Short term, the Dow has formed a tight, expanding triangle in the 5 Minute Chart. This pattern typically implies weakness, therefore, we will watch 9,580 for a downside break to indicate weakness at the Open. Also watch 9,625 up to signal strength.

Medium Term Dow

In the medium term, we are still Long the Dow from 9,381 and will move stops up to 9,525 for tomorrow's market, locking in 144 points on this move. We will stay Long above 9,675 and will look for Shorts below 9,525, with 10 point stops.

NASDAQ & S&P

The NASDAQ and S&P each trended slightly higher on the session, but continue to trade within a tight range. Watch the range boundaries for tomorrow's market. *

Summary

The Dow pushed slightly higher today, but continues to trade within a clear consolidation range. We will watch the range boundaries closely tomorrow, as a break from it could be solid. Watch 9,525 down, and 9,675 up.

Crocodile - 07 Oct 2003 07:33 - 8 of 18

Morning all
Thanks TP

little woman - 07 Oct 2003 08:24 - 9 of 18

Morning all

Made some more on CS. before it dropped in price yesterday so have rather a lot of cash burning a hole in my account! Got up early to buy a small amount to start the day and pleased to see it has dropped a little more from yesterday and starting to pull back up! Not sure if there is enough support out there today for it to rise as it had before it dropped back in the last few days - so didn't use all the cash. Not going to have much opportunity to keep an eye on it for the next few days, so I'll put a limit sell on it and hope for the best.

little woman - 07 Oct 2003 08:47 - 10 of 18

CS. seems to be still dropping, so I put a limit buy on it at a very low price in case it carries on down! Interestesting to see what happens!

Crocodile - 07 Oct 2003 10:14 - 11 of 18

Has a good morning on Matalan +7
Nice start :-)

Crocodile - 07 Oct 2003 10:53 - 12 of 18

chart.gif


The 2 day intraday working again :-)


terod - 07 Oct 2003 11:24 - 13 of 18

croc. what are your 'rules' ref 2-day interday.....is this something you have formulated, or standard stuff that's just passed me by?

t.

Crocodile - 07 Oct 2003 11:35 - 14 of 18

terod
You should always consider the previous days last trend as it normally continues into the new day.
There is a reason for it but its a long story!
Regards
D.

Crocodile - 07 Oct 2003 12:15 - 15 of 18

Quick futures button now available on the header
(Next to Bloomberg & pivot points)

snoball - 07 Oct 2003 13:23 - 16 of 18

didn't realize you had the pivot point calculator there.
very useful.

little woman - 07 Oct 2003 13:25 - 17 of 18

I really must pay attention - I didn't notice the pivot calucator until now either!

(Off sick today, but will have to work later!!!)

hightone - 07 Oct 2003 22:38 - 18 of 18

yes jeff this is really a must read thread cheers

HT
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