Crocodile
- 13 Jan 2004 21:15
Premarket Futures |
FTSE -3 |
DAX -6 |
DOW +9 |
S&P +0.2 |
Nasdaq +3.5 |
News: |
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U.S. stocks fell back toward the close amid some jitters
ahead of earnings. The Dow finished -58, S&P -6 and the Nasdaq -15
Marks and Spencer said its director of clothing is to
quit after revealing a bigger than expected 3.3 percent fall in sales
although profit margins had been protected and were on target.
Non-food like-for-like sales including homewares and gifts fell 4.5 percent
compared to analysts worst fears of a 2.5 percent drop. Food sales were up
0.7 percent on a like-for-like basis, not as strong as analysts had hoped
given buoyant results elsewhere in the sector.
Dixons beat forecasts with Christmas sales data
like-for-like sales rising five percent in the eight weeks to January 10.
This included a four percent rise in the UK.on Wednesday as it tuned into
strong demand for flat screen TVs and computers, and forecast "satisfactory"
year results. The firm says it has no plans to close stores.
JJB Sports said it planned to return up to 40
million pounds in a tender offer as it reported a fall in turnover over the
important Christmas trading period amid tough competition from discount
retailer and supermarkets
Wolseley plumbing and heating equipment, said trading
profit for the five months ended December 31 was up 26.5 percent in constant
currency with "the UK and U.S. distribution businesses having performed
strongly,
Mothercare said its sales rose 6.5 percent in
the eight weeks to January 11, putting it on course to beat market profit
forecasts for the year.
Lastminute.com said trading in its first quarter was
strong. "Trading in the first quarter, the seasonally weakest quarter, was
strong being ahead of expectations, especially in the area of flights
Matalan reported a five percent slump in Christmas
sales and said stock sales had been disappointing and would lead to more
clearance. Analysts had forecast a four to seven percent slump in
like-for-like sales.
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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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DTZ Holdings (I), JD Sports (TS), London Scot Bank
(F), Northgate (I),
Dixons H1 & Christmas Trading,
Marks & Spencer Trading Update
Matalan Trading StatementWolseley Trading Update, JJB Sports Trading Update
Mothercare Trading Update. Punch Taverns (AGM),
09.30 Dec Unemployment 5k exp.
09.30 Nov Average Earnings 3m y/y 3.7% exp.
11.00 CBI Property Trend
|
US: Andersen Group (Q3), Apple Computer (Q1),
Delta Airline (Q4), Yahoo (Q4)
13.30 Nov Trade Balance -$42.0bn
exp.
13.30 Dec PPI m/m 0.2% exp.
19.00 Fed Beige Book
|
EADS (Conference) Finnair
(Traffic)
07.00 Dec Final German CPI y/y |
Ex Dividend:
Abbey ( 0.1), Associated British Foods (9.85), Avon Rubber (4.5), Berkeley
Group (5.8), Burtonwood Breweries (3.2), Dewhurst (2.92), Eldridge Pope (5.34),
First Group (3.75), Northern Foods (3.3), Paragon Group (3.7), Robert Wiseman
(2), ScS Upholstery (6),
WAGN (4) |
ThePlayboy
- 14 Jan 2004 08:32
- 7 of 19
Melnibone closed that ftse long from Tu -25 btw, think its time to go to the Boatshow at the Excel, am pondering!
The past few weeks 9am has proved a much more pivitol time than 8.30, eg if ftse falls into the timeframe always chance of a 9am rev, something to watch!
Douggie
- 14 Jan 2004 08:44
- 8 of 19
mornin all
Melnibone
- 14 Jan 2004 09:34
- 9 of 19
Morning all,
Thanks for pivotal times TP.
By the way, have you noticed that Tom H. on the site he posts
on, has hijacked our Delorean strategy?
When shall we tell him that it's faulty goods. ;-)
Sorry to hear your stop was hit. Haven't got any index
positions at the moment. I'm waiting for a retracement swing low
and a positive up signal.
Just got those couple of dividend paying longer term blue
chips to cover any up move. Got some wide mental stops on them
that I'll activate if met or increase positions if trend turns
back up.
Just looking for intraday scalps at the moment whilst keeping an eye
on some more blue chips that I fancy.
Melnibone.
Melnibone
- 14 Jan 2004 09:50
- 10 of 19
I see that the Head and Shoulders seems to be playing out on AZN.
Now down to 2527.
After identifying this on GSK, why on earth didn't I wait for
it to play out! Doh!
The more we learn, the cockier we get and think we can outsmart
the market. Still, shows we are still human I suppose.
Melnibone.
Crocodile
- 14 Jan 2004 10:28
- 12 of 19
14/01 10:01 ANALYST RATINGS CHANGES AS OF 1000 GMT
BROKER & NEW RATING (FROM) TARGET (PREVIOUS)
COMPANY
=========================================================
Citigroup Smith Barney:
Adecco Hold (Buy)
Telenor NOK48 (NOK34)
=========================================================
CSFB:
Logitech Outperform CHF70
Novartis Buy (Neutral) CHF65 (CHF56)
Altana Underperform (Neutral)
Croda Outperform (Neutral)
British Vita Outperform (Neutral)
Clariant Outperform (Neutral)
Lonza Underperform (Neutral) CHF64
Yule Catto Underperform (Neutral)
=========================================================
Goldman Sachs:
Tandberg In-Line (Outperform)
=========================================================
JP Morgan:
SAP Underweight (Neutral)
=========================================================
Landesbank Rheinland-Pfalz:
Degussa Marketperform (Underperform)
=========================================================
Lehman Bros:
Alliance & Leic Underweight (Equalweight) 840P (913P)
Societe Generale Overweight (Equalweight) EUR82 (EUR67)
Credit Suisse Underweight (Equalweight) CHF43
ABN Amro Equalweight (Overweight)
Monte dei Paschi Overweight (Equalweight) EUR2.9(EUR2.1)
Altana EUR49 (EUR56)
Merck KGaA EUR33 (EUR29)
=========================================================
Morgan Stanley:
Autoliv Equalweight (Overweight)
HVB Group Equalweight
=========================================================
Numis:
Matalan Sell 130P (140P)
Mothercare 350P (400P)
=========================================================
UBS:
Norske Skog Buy (Neutral) NOK155 (NOK130)
Autonomy Neutral (Buy) 305P (290P)
Surfcontrol Neutral (Buy) 700P (950P)
Suess Microtec Neutral (Buy)
UPM Kymmene EUR17.5 (EUR18.5)
Stora Enso EUR12.5 (EUR13)
M-real EUR7.2 (EUR7.5)
Julius Baer CHF460 (CHF420)
RAS EUR15 (EUR13.5)
=========================================================
Melnibone
- 14 Jan 2004 10:50
- 13 of 19
Not sure if this will work, trying the 'Insert Image Link' again.
If it comes out ok, it will show how over sold SHEL is.
Before anyone accuses me of ramping, as seems to be happening
to other posters, you can't ramp a big blue chip.
Unless you are a broker, of course. ;-)
Melnibone.
Melnibone
- 14 Jan 2004 10:52
- 14 of 19
Melnibone
- 14 Jan 2004 10:58
- 15 of 19
That didn't work either. I give up.
What I was looking at was:
1) Chart at bottom of trading range.
2) Fast stochastic at the bottom at Zero.
3) Williams%r at the bottom at - 100
4) RSI barely above 20.
Bring up the indicators on your own chart site to check out
what I'm saying.
Melnibone.
Melnibone
- 14 Jan 2004 11:04
- 16 of 19
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=&time=&freq=
One last try at an insert link. I know this works because other
folk do it. It's me that's doing something wrong.
Melnibone.
Melnibone
- 14 Jan 2004 11:06
- 17 of 19
Eureka! Success at last.
Melnibone.
Melnibone
- 14 Jan 2004 11:10
- 18 of 19
Always do what you're comfortable with Testex.
Other peoples views are just that, views, nothing more, nothing less.
Melnibone.
Melnibone
- 14 Jan 2004 18:54
- 19 of 19
Although today finished up, it was in fact a down day.
Look at the bars and you will see that we made a lower high and a lower
low.
3 of the last 4 bars have now been down days. What I'm looking for
now is a day with a higher low and a higher high. If I get it and
the situation 'smells' right, then I will consider an index long.
Depends how messy things get and what sentiment feels like.
Melnibone.