Crocodile
- 15 Jan 2004 21:05
Premarket Futures |
FTSE +9 |
DAX -11 |
DOW +16 |
S&P +1.7 |
Nasdaq +5 |
News: |
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US: Despite Strong earnings from IBM and a mega merger in the
bank industry the stock market was flat near the close, with investors
showing some disappointment about the broad tech sector's earnings and
forecasts.
Boots reported Christmas sales in line with expectations and promised to lower more prices and extend opening hours in its battle with the
grocers. Like-for-like sales at its core chemist chain were up 4.1 percent which was in line with the range of analysts' forecasts of 2.0-5.9 percent but above the consensus.
Peacock
low-cost clothes retailer said its performance in the third quarter meant it expected to meet forecasts for its financial year to end-March. Like-for-like sales fell by 0.3 percent in the 13 weeks to December 27, but grew by 4.8 percent in the 39 weeks to December
27
Geest said annual operating profit would be in line with expectations as it increased prices to help offset higher raw material costs. Total sales rose about 12 percent in the year to January 3, with UK sales of fresh prepared foods its key market up about six percent
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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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Boots Trading Update
Peacocks Trading Update
Bellway (AGM)
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13.30 Nov Business Inventories
0.2% exp.
14.15 Dec Industrial Production 0.7% exp.
14.15 Dec Capacity Utilisation 76.1% exp.
14.50 Jan Preliminary Michigan Sentiment 94.0 exp. |
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ThePlayboy
- 16 Jan 2004 09:21
- 7 of 36
well thats the Thu high hit, $ strength weakening dj futs atm!
Melnibone
- 16 Jan 2004 09:31
- 8 of 36
Morning all,
Looks like another Tum-De-Dum day.
TP's got it right with the range bound comment.
Check out the 5 day tab at the top of this thread,
we're basicly in a 30 point trading range.
Still watching some blue chip dividend payers.
I tend to buy these for a position trade when they
get clobbered.
They usually make it back up again and revert to the
FTSE mean.
As long as the mean doesn't go down of course. :-)
Melnibone.
Melnibone
- 16 Jan 2004 09:46
- 9 of 36
The big FTSE drug stocks, AZN and GSK, seem to be settling
after the pasting they've recently taken.
AZN has bounced back above 2500 and GSK bounced back above 1200.
In the retail sector, MKS is still exploring the March lows.
SBRY exploring the bottom of it's uptrend channel.
TSCO trying to take back some of the recent losses after
it's share placing announcement and profit taking.
In the banking sector, RBS seems to be having a breather after
it's recent good run and HSBA is still wavering around 860.
(We won't mention HBOS) ;-)
Melnibone.
ThePlayboy
- 16 Jan 2004 10:59
- 11 of 36
Melnibone one of the toughest ftse futs weeks in a while, the day you wait for your sigs to buy its the top, the day you buy off sup with no sig it fails and you think, i should have waited for a signal, roll on next week! Us closed Monday btw!
Melnibone
- 16 Jan 2004 11:08
- 12 of 36
Hi TP,
You're right, as I said yesterday this market has got
me puzzled at the moment.
Not sure if I'm losing the plot.
I can't seem to get much right at the moment.
Melnibone.
ThePlayboy
- 16 Jan 2004 11:12
- 13 of 36
40pt cash trading range this week, i want that a day:) Good avg a week is 100 imho, so really down! After having a crap Tue roll into Wed some mug has now debited my Credit card for food at SBRy, i never go there, cancelled cards, have not lost them but some low IQ person on the til has punched in the wrong number if it would not swipe, a great start to 2004!
Melnibone
- 16 Jan 2004 11:13
- 14 of 36
MKS looking sickly. As you can see above it's very close to the last
lows about 7 weeks ago.
200 and 60 EMA's not looking good.
If the FTSE gets a downturn this may be the Bears chance to close
below the March lows.
Usually buy at this point for a bounce, but with my current run
of luck I'm leaving it alone.
Discretion and valour and all that.
(Cluck, cluck.) :-)
Melnibone.
Melnibone
- 16 Jan 2004 11:39
- 16 of 36
I agree Testex, as I've said before it's a bit of an oddball.
What I'm saying is the MKS sentiment is negative at the moment,
and if the FTSE turns negative as well then this will compound
the MKS situation.
If it is enough to drive it below the March lows then they
will turn from support to resistance.
With my track record this month though, probably best if you
ignore everthing I say. :-)
Melnibone.
Melnibone
- 16 Jan 2004 12:23
- 18 of 36
Small Short GSK
Grrrrr. ;-)
Melnibone.
ThePlayboy
- 16 Jan 2004 12:33
- 20 of 36
look like a pos brk out to the upside on the card for the ftse
Melnibone
- 16 Jan 2004 12:42
- 22 of 36
I hope you're right TP.
I was hoping for a FTSE low to 4380/4400 and then a bounce
higher this week, but seeing as we aren't getting it then
the next best thing would be for the 4450/4460 level to
hold as support at the top of the old trend channel.
(Which would now be the bottom of a possible new channel.)
Melnibone.
ThePlayboy
- 16 Jan 2004 13:35
- 23 of 36
business inv .3 better than exp
ThePlayboy
- 16 Jan 2004 14:20
- 25 of 36
ind prod worse than exp at .2%