| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread & Thoughts - Monday 2nd February (BAA)
Crocodile - 01 Feb 2004 11:54
| UK PreMarket Futures | FTSE +7 | DAX +5 | DOW +10 | S&P +1.4 | Nasdaq +3 |
|
|
|
|
||||
|
|
|
S&P Futures |
10 Year Bond
|
|||
|
|
|
 |
||||
| FTSE & DOW charts have 1,2 or 5 day views - News links for UK, US & Far East markets. - The Dax/CAC and Nikkei/Hang Seng are now switchable | ||||||
| News: | Sorry Your browser is not java capable | |
|
More cases of 'Bird Flu' drive Hong Kong stocks lower: Analysts predicting the FTSE 100 will continue to fall from January highs as investors await a likely interest rate hike and eye results from Shell. BAA airports operator posted a one percent rise in operating profit to 500 million pounds for the nine months compared to analysts expecting 492 million. Sales rose by 3.5 percent to 1.54 billion pounds and they said airlines confidence and a solid economy would underpin strong passenger growth. December traffic hit a record. Securicor said it was in talks over a nil-premium merger with Danish rival Group 4. The merged business would be listed in both London and Copenhagen. Filtronic maker of wireless telecoms components reported first-half profits of 2.2 million pounds well above market forecasts of 0.8 million.Rio Tinto the world's second largest miner, said its second-half profit fell 10.5 percent as strong China demand was offset by weak coal earnings and a rising Australian dollar. Profit fell to $741 million from $828 million a year earlier compared with an average analyst forecast, excluding a gain from the sale of its 50 percent interest in Indonesia's Kaltim Prima Coal. |
||
|
|
|
||||||
|
BAA (Q3, 9M) 478-507m exp. Filtronic (H1), Rio Tinto (F) Net $1.3-1.5bn exp. Ex date of Granada and Carlton merger to form ITV, Bookham takes Carlton Comms place within the FTSE Mid 250 09:30 Jan manufacturing PMI, 56.0 prev. |
13:30 Dec consumption NA, 0.5% exp. 13:30 Dec consumption real, 0.5% prev. 13:30 Dec personal income, 0.1% exp. 15:00 Dec construction spending, 0.6% exp. 15:00 Jan ISM manufacturing, 64.3 exp. |
09:00 Jan manufacturing PMI, 52.9 exp. |
|
|
|
|
|
 |
Crocodile - 01 Feb 2004 11:55 - 3 of 48
|
Headlines Sunday 1st February Household borrowing slumped last month in the first sign that higher interest rates have dampened consumers' appetite for debt. THE US economy slowed sharply in the fourth quarter of 2003 to just half the growth rate of the previous three months, underlining the still-fragile nature of the global recovery. UK Interest rate rise on the cards with the Bank of England's interest rates decision out on Thursday. HBOS yesterday denied it was going on the acquisition trail Down Under as it announced plans to integrate its Australian operations British Airways was locked in talks with airport operator BAA yesterday regarding possible compensation for the disruption caused by this week's snow. Legal & General, Norwich Union, Zurich Life and HBoS, owner of Clerical Medical have been warned to speed up their handling of mortgage endowment* mis-selling* complaints or face massive fines from the FSA |
|
| SUNDAY TIMES Greencore in UK bread sale Incisive will take Numis to the FSA Teachers in bid for the Wharf Glaxos Garnier says non to a deal with Aventis Vodafone chief faces a tough call in America Eircom counts cost of threat to line rentals Group 4's Danes to swoop on Securicor Carlton, Granada ITV faces new threat from 'quiet assassin' |
Kerry Group hit by ban on Thai chicken imports National Grid Transco Directors' Deals: Grid boss sees profits in the pipeline Agenda: William Lewis: Why Group 4 should not let Securicor escape Judgment Day: Should you buy shares in Ffyffes? Judgment Day: Should you buy shares in Marshalls? And Finally ... Brothers-in-law go for pot luck with Royal Doulton Cadbury finished eclair |
| SUNDAY TELEGRAPH Invensys in share issue talks Parker quits race for BAE chair LSE to examine Incite share sale Chorion to buy Mr Men rights Manchester United Ferguson under pressure |
NSB retail thrills and spills Why Ferguson should give in gracefully to the galloping Irish Bodyguards for Magnier family as Man Utd fans are blamed for threats National Grid Transco Parker quits race for BAE chair |
|
OBSERVER Shell investors will spare Watts if they get reforms Carlton, Granada Better news will make a better ITV Eddington: BA will bounce back in 2004 Ritblat junior to succeed father at British Land Invensys in 500m rights issue this week Amvescap News in brief |
Vodafone Be bold in the US, Mr Sarin BA's Rod is reborn as big wheel in City Watkins next in firing line at Manchester Utd Vodafone plots $30bn bid for US mobile firm WH Smith Is it a Swann song for fat cats? |
|
MAIL ON SUNDAY War erupts at Manchester Utd, Furious Ferguson calls in police Rate rise slashes borrowing, Smallest increase for three years Analysts see good reception for ITV |
US Stocks fall as growth rate slows Allen heralds ITV channel 3, Aiming for older, affluent audience |
|
Bookham Technology, set to replace Carlton in the FTSE 250, added 18 1/2p to 173 1/2p with volume running at 3.5m as tracker funds began to buy. |
|
|
INDEPENDENT HSBC The Week Ahead: French drug battle fixates on figures BAA The Week Ahead: French drug battle fixates on figures |
Granada / Carlton The new ITV wakes up to reality |
|
SCOTLAND ON SUNDAY Manchester United Horse trader cracks the whip Shell Oil reserves issue could mean shell shock for investors Scottish & Newcastle to cut 500 jobs |
M&S pressed to appoint new clothing head Aviva plans to sell former GA base in 300m strategy |
|
INVESTORS CHRONICLE Tips: Buy - L&G (LGEN), 4Imprint (FOUR), Peter Hambro (POG), Computerland (CPU) and Metnor (MTG).Sell - Daily Mail & General (DMGO).Tip Updates: Clarkson (CKN) (fairly priced), British Land (BLND) (good value), Kewill (KWL) (good value), Mears (MER) (buy), Tertiary Minerals (TYM) (buy). |
|
|
SHARES MAGAZINE Plays of the Week: Buy - Peterhouse (PHS), NSB Retail (NSB) and Trans Siberian Gold (TSG).Plays Updates: Hold - Ryanair (RYA), Sell - Centurion Electronics (CUC).The Analysis Section: Forget the house: put your money in the builder. |
|
|
|
|
|
|
|
washlander
- 01 Feb 2004 12:36
- 4 of 48
hijeff - 01 Feb 2004 13:13 - 5 of 48
ThePlayboy
- 01 Feb 2004 14:50
- 6 of 48
Key DOW Levels for 2/2
UP Above 10,535
DN Below 10,400
Still Consolidating
Dow continues sideways within consolidation
From prior commentary, "...As we mentioned yesterday, markets tend to consolidate after a large move in order to digest prior activity. The index will likely continue to consolidate before a new breakout occurs..."
The Dow traded sideways the entire session, further developing the clear consolidation that has formed from 10,420 to 10,525, seen in the 15 and 60 Minute Charts. The fact that the Dow has formed a consolidation at the lows after breaking a major trend line to the downside implies weakness.
A downside break from the consolidation is the most likely scenario. Watch 10,400, as a break here will likely unleash another solid decline. Otherwise, an upside break from the consolidation at 10,525 will make for another push higher within the wide, volatile range that has formed at the highs of the 60 Minute Chart. Either way, a break from this consolidation will indicate future direction.
Short Term Dow
Short term, we will watch the consolidation boundaries in the 5 Minute Chart, which span from 10,450 to 10,525. Watch for a break from this range for direction at the Open.
Medium Term Dow
In the medium term, we are still Short the Dow from 10,660 and will move stops down to 10,530 to lock in a bit more profit. We will stay Short below 10,400 and will look for Longs above 10,535, with 20 point stops.
NASDAQ & S&P
The NASDAQ and S&P each traded sideways within their respective ranges today, further forming consolidations at the lows. Look for further range movement until a break occurs. *
Summary
The Dow continues to trade sideways within the tight consolidation, which has formed at the lows. A downside break is the most likely scenario, but a break either way will make for a solid move. Watch 10,400 down, and 10,535 up.
ThePlayboy
- 01 Feb 2004 14:51
- 7 of 48
R2 4451
R1 4421
PP 4406
S1 4375
S2 4360
Fri close was below s1 after loosing 4.3pts in the auction! 2 day ftse chart targeting 4370 unless we get a brk out of the downtrend at 4405 to target 4420, all down to 10480 dow for direction imho!
MONDAY FUTURES PP
R2 4441
R1 4416
PP 4389
S1 4364
S2 4337
WEEKLY FTSE PP
R2 4484
R1 4437
PP 4414
S1 4367
S2 4344
Caught on the wrong side Fri long looking for short closing into weekend, instead got longs panicking closing and shorts comfortable to hold, a sign for next week? Major 10 month uptrend is now broken at 4420, ftse is looking a litte OS atm, so maybe some defensve by the bulls, but on the whole I,m quite bearish for next week, 10375 the level to watch on the dow to try and hold any longer term moves next week, feel we could test the weekly s2 at 4344 imho next week!
Melnibone - 01 Feb 2004 16:35 - 8 of 48
As posted by Croc and TP, Ftse does look bearish at the moment.
BOE rates decision and Friday US employment No.s may be the market
movers this week. If the US disappoints again, especially after Snow's
comments, there could be a big drop on the US markets.
I'm looking for a possible bounce to 4420/30 and then, depending on the US,
a drop back to retest 4380. If 4380 fails earlier enough in a day, or the
US falls after the FTSE closes near 4380, then the swing low at 4330
will need to be tested. The breaking of the 4430 swing low may signal
a trend change.
Rumours in Sunday press again that Standard Life is still off-loading
shares.
Be careful getting too Bearish, look at this chart and see what happened
the last few times we got a retracement. In September for instance, the
Index rose 200 points in 3 days. I think that it would be wiser to follow
it down building a position in increments whilst moving take profits
stops down with the market action.
Melnibone.
Melnibone - 01 Feb 2004 18:58 - 9 of 48
| X | O | 4500 | |||||||||||
| X | O | ||||||||||||
| X | O | 4400 | |||||||||||
| X | |||||||||||||
| X | X | 4300 | |||||||||||
| X | O | X | |||||||||||
| X | X | O | X | 4200 | |||||||||
| X | O | X | O | X | |||||||||
| O | X | O | X | O | 4100 | ||||||||
| O | X | O | X | ||||||||||
| O | X | X | O | 4000 | |||||||||
| O | X | O | X | ||||||||||
| O | X | O | X | 3900 | |||||||||
| O | O | X | X | ||||||||||
| O | X | O | X | 3800 | |||||||||
| O | X | O | X | ||||||||||
| O | X | X | O | X | 3700 | ||||||||
| O | X | O | X | O | |||||||||
| O | X | O | X | 3600 | |||||||||
| O | X | O | X | ||||||||||
| O | O | X | 3500 | ||||||||||
| O | X | ||||||||||||
| O | X | 3400 | |||||||||||
| O | X | ||||||||||||
| O | 3300 | ||||||||||||
| 3200 |
Crocodile - 01 Feb 2004 20:31 - 10 of 48
Also looks like the editor worked!
Regards
D.
josey wales - 02 Feb 2004 00:31 - 11 of 48
Crocodile - 02 Feb 2004 07:41 - 12 of 48
Josey the AM Traders room thread is much busier than the premium BB on ADVFN with approx 300 post a day. However the Investors room now has about 50 a day and growing but is still quieter than ADVFN's
D,
little woman
- 02 Feb 2004 08:31
- 13 of 48
little woman
- 02 Feb 2004 09:07
- 14 of 48
I have a long FTSE and a long DJ as I have to do some work today, so have decided not to trade otherwise. So far this morning the long DJ is up 8x the FTSE and the US isn't even open! I think that say's it all!
Melnibone - 02 Feb 2004 09:39 - 15 of 48
Terrible problems connecting to CMC via MarketMaker and
Deal4FreeLite web version.
Currently conversing with CMC helpdesk and sending all sorts
of Ping and Ports test results to them. They seem to know
what they are talking about so hopefully it will get sorted
soon.
Will keep you up to date.
Rgds Melnibone.
little woman
- 02 Feb 2004 09:45
- 16 of 48
stockbunny
- 02 Feb 2004 12:02
- 17 of 48
of a new era for the TV companies!
Watching ALN today - to cash the gain or to not cash the gain
this is my dilemma this Monday (lol)
little woman
- 02 Feb 2004 13:03
- 18 of 48
BRUSSELS--European stocks rose in midday trading Monday, as manufacturing data indicated the economic recovery is continuing. HVB lifted banking stocks in Frankfurt amid takeover speculation.
The Dow Jones Stoxx 600 Index, which tracks Europes 600 largest listed companies, rose 0.4% to 236.75. The Dow Jones Euro Stoxx Index, which tracks companies in countries that joined the common currency, rose 0.6% to 252.37.
The Dow Jones Euro Stoxx 50 Index gained 0.6% to 2857.0, while the Dow Jones Stoxx 50 Index rose 0.3% to 2703.2.
In London, the FTSE-100 Share Index gained 0.3% to 4404.3. The U.K. January purchasing managers index was unchanged from December, at a four-year high of 56.0.
The oil sector was buoyed as Cairn Energy jumped 18% after offering further details of its oil find in Rajasthan.
Securicor gained 3.3% on news that it is in talks to merge with Denmarks Group4 Falck in a deal that values the U.K. security company at more than $1.1 billion. Group4 shares gained 5% in Copenhagen.
Trading in shares of British broadcaster ITV began on the London Stock Exchange, with shares in the newly merged broadcaster debuting 141 pence and rising to 143.5 pence in brisk trading.
Marconi gained 1.5% after Credit Suisse First Boston raised its price target for the stock.
Cigarette maker Gallaher rose 1.3% after CSFB raised is rating on the stock to neutral, saying it provides probably the highest degree of forecast certainty in the sector.
Engineering and industrial-processes company Invensys rose 14% on continued speculation it is planning a 500 million rights issue.
In Frankfurt, the Xetra Dax Index rose 0.6% to 4083.17.
HVB Group gained 2.2%, on reports in the U.K. that Royal Bank of Scotland and Barclays plan an HVB takeover. "We do not think that this speculation is realistic," said Merck Fincks Konrad Becker. HVB was unavailable to comment. Barclays reiterated it has said it would look at European opportunities. RBOS wouldn't buy HVB because it doesn&apost fit with RBOS's stated strategy, said a source close to the bank. RBOS rose 0.6% in London.
In Madrid, Spain&aposs second-largest bank, Banco Bilbao Vizcaya Argentaria, fell 1% after announcing it has launched a EUR3.3 billion offer for the 41% it doesn't already own of its Mexico unit Grupo Financiero BBVA Bancomer SA. The bank also posted a 30% rise in 2003 net profit on a strong domestic lending business and lower bad loan provisions.
Footwear company Puma jumped 4.3% after Sal. Oppenheim raised the stock to "strong buy", saying its 2003 earnings Friday "contained a major positive surprise in order backlog growth," which increased to 27% from 17% in the third quarter.
In Paris, the CAC-40 Index advanced 1% to 3672 as financial stocks pulled higher amid hopes for strong fourth-quarter updates.
Societe Generale rose 2.7%, AXA rose 2.3% and BNP Paribas gained 2.3%.
Computing services company Cap Gemini rose 4% amid talk that Smith Barney rates the stock at "buy." Smith Barney wasn&apost available for comment.
France&aposs manufacturing sector recorded its highest level of activity for 18 months in January, according to a survey of purchasing managers published by CDAF/Reuters Monday. The French manufacturing purchasing managers' index rose for the fourth consecutive month.
In Zurich, Adecco gained 3% after Pictet raised the stock to "buy" following the company&aposs statement Friday that its accounting probe so far has unveiled only minor bookkeeping errors. Adecco gained 14% Friday.
In currency markets, the euro was almost flat against the dollar, at $1.2456 compared with $1.2453 late Friday in New York. The pound was also unmoved, at $1.8221, compared with $1.8213.
little woman
- 02 Feb 2004 13:59
- 19 of 48
little woman
- 02 Feb 2004 14:01
- 20 of 48
"The debt subject to limit is estimated to increase to $7.464 trillion by the end of 2004, which is more than the present statutory debt limit of $7.384 trillion," the Administration said in its newly-issued fiscal 2005 budget.
Fiscal year 2004 ends Sept. 30.
little woman
- 02 Feb 2004 14:07
- 21 of 48
ThePlayboy
- 02 Feb 2004 14:20
- 22 of 48
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Follow us on Twitter