| Home | Log In | Register | Our Services | My Account | Contact | Help |
Traders Thread - Tuesday 2nd March (LOG)
Crocodile - 01 Mar 2004 21:05
| UK PreMarket Futures | FTSE +8 | DAX +15 | DOW -7 | S&P +0.1 | Nasdaq Unch |
|
|
|
|
|||||||||||||
|
|
|
S&P Futures |
|
||||||||||||
|
|
|
||||||||||||||
| News: | Sorry Your browser is not java capable |
 |
|
|
Britannic Group life insurer reported a six percent rise in annual profit to 91 million pounds beating expectations of a loss, and resumed dividend payments and annual bonuses. Logica CMG made a 46.1 million pounds loss worse than the expected 39.5 million pounds but compared with a 755 million loss a year ago a big improvement Savills real estate agency reported a 75 percent rise in annual profits to 35.3 million pounds and said confidence in investment markets remains strong, as does activity in the UK prime residential market. Schroders fund firm posted a sharp rise in profits to 75.9 million pounds for the year against 29.5 million pounds and beating analysts predictions of of 71 million pounds helped by cost cuts and rising stock markets. Psion said it aimed to restart dividend payments in 2004 if it completed the sale of its stake in mobile phone software firm Symbian. Full year losses narrowed to 4.6 million pounds from14.8 million pounds a year earlier. Meggitt aerospace posted a 7.4 percent rise in annual pre-tax profit 75.5 million pounds at the top end of forecasts and said the civil market for spares and repairs was showing recovery signs.Serco industrial and government services firm posted a 17.4 percent rise in annual profit to 67 million pounds compared with analysts' forecasts of around 63 million pounds. It said it had made an encouraging start to the new year. Brit Insurance Holdings said annual profit more than tripled to 91.2 million pounds, beating expectations of 79 million, powered by lower claims and higher premiums. Taylor Woodrow beats forecasts with a 32 percent rise in annual profits to 324 million pounds and said it had a strong order book for 2004. Retail Decisions credit-card fraud-prevention firm reported a maiden profit of 2.9 million pounds boosted by a strong performance in its Australian business. |
|||
|
|
|
||||||
|
Axon (I), Dechra Pharmaceuticals (I), White Young Green (I)Acambis (F), Ben Bailey (F), Biofocus (F), Brit Insurance (F), Britannic Group (F), Communisis (F), CRH (F), Fyffes (F), Genetix Group (F), Informa (F), KBC Advanced Technologies (F), Lavendon Group (F), LogicaCMG (F), Meggitt (F), Psion (F), Retail Decisions (F), Robert Walters (F), Savills (F), Schroders (F), Serco (F), Taylor Woodrow (F), White Young Green (F) GW Pharmaceuticals (AGM). Singer & Friedlander AIM VCT (AGM) CBI quarterly distributive trades survey, Feb construction sector PMI (09:30) |
Biogen(Q4), Pall Corp (Q2) 5.00pm Auto Sales 5.00pm Truck Sales |
|
|
|
|
|
|
|
ThePlayboy
- 02 Mar 2004 07:14
- 3 of 7
Key DOW Levels for 3/2
UP Above 10,700
DN Below 10,650
Steady Upmove
Dow trends higher to the Close, nets 94 point gain.
From prior commentary, "...the index seems to be forming a saucer bottom just above the key lower trend line that has formed beneath the lows of the wide, sloping range. The saucer typically implies a likely push higher..."
The Dow did indeed push higher today, as the index trended slowly, but steadily higher throughout the session, as seen in the 15 and 60 Minute Charts.
The index is approaching the clear 10,750 resistance level. We may see a push toward this resistance level tomorrow, but a break or bounce may be still in the making. Look for the index to continue trading beneath resistance until clear direction is established.
Should the index fall below 10,650 tomorrow, we will likely see a move down toward the major lower trend line at around 10,550. Watch for further sideways movement within this wide range trading range until a solid break occurs.
Short Term Dow
Short term, the Dow has formed a clear lower trend line beneath the lows of today's upmove, seen in the 5 Minute Chart. A downside break of this line at 10,670 will make for weakness tomorrow morning.
Medium Term Dow
In the medium term, we entered Longs this morning at 10,660 and are still in the trade. We will hold stops at 10,650 for tomorrow's market and will stay Long above 10,700. We will look to enter Shorts below 10,650 tomorrow, using 20 point stops.
NASDAQ & S&P
The NASDAQ and S&P each pushed higher today, ending the day near the session highs. Look for continued strength toward resistance tomorrow. *
Summary
The Dow followed through to the upside after breaking the saucer pattern on the topside, which continues to hint at strength for the index. Look for the index to trend higher toward resistance tomorrow, especially if the Dow can hold above 10,650.
Crocodile - 02 Mar 2004 07:42 - 4 of 7
Melnibone - 02 Mar 2004 08:58 - 5 of 7
Markets seem to want to push higher but the resistance
levels don't give much headroom.
Still looking for the Friday US jobs data to be a catalyst
for any break.
Melnibone.
little woman
- 02 Mar 2004 11:51
- 6 of 7
Managed to drop by, definately away now until the end of the week!
optomistic
- 02 Mar 2004 14:57
- 7 of 7
- Page:
- 1
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Follow us on Twitter