Crocodile
- 11 Dec 2003 22:10
Premarket Futures |
FTSE +26 |
DAX +20 |
DOW +8 |
S&P +0.8 |
Nasdaq +1.5 |
News: |
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The Dow closed above 10,000 for the first time in more than
18 months as part of a broad market rally. It closed up 86.30 to10008 with
the S&P up 12.16 and the Nasdaq composite up 37.67.Bradford & Bingley mortgage bank said it was on track to meet
analysts' forecasts for full-year profit and said credit quality was good,
The bank said in a separate statement it would buy up to 1.4 billion pounds
of mortgages from GMAC-RFC.
John Laing said it was in consortia appointed
preferred bidders for two British PFI healthcare projects with a joint
capital value of 1.35 billion pounds
Anite First half net loss narrows.
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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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Anite Group (I), British Energy (I), McKay
Securities (I)
Bradford & Bingley Trading
Statement
Travis Perkins Presentation to Analysts
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Adobe Systems (Q3), Piedmont Natural (Q3)
13.30 Nov Producer Price Index m/m
0.1% exp.
13.30 Oct Trade Balance -$41.6bn exp.
14.50 Dec Pre Michigan Sentiment 96.0 exp.
19.00 Nov Monthly Budget Statement -$38.0bn exp. |
11.00 3rd Quarter Current Account 16.4bn exp |
Melnibone
- 12 Dec 2003 08:44
- 8 of 28
Morning all,
I see we got the opposite of what I wanted.
I dislike these gap open highers.
I won't chase them. The market hit R2 and bounced back,
so maybe there's a lot of traders of the same disposition.
Just going to watch for a bit to see if I can figure out
what's going on. If the FTSE really wanted to jump higher
it would have used the DOW close above 10,000 as an excuse.
Instead it's retracing back already.
I don't think there's a lot of appetite for risk this near
the year end.
Melnibone.
Melnibone
- 12 Dec 2003 10:10
- 10 of 28
S2 has held twice, now we're testing S1.
Glad I decided not to chase the open.
I've even got out of my BT.A's.
Don't trust this at all. I know it was posted this week
that there is an 87% chance of a Christmas rally,
but that other 13% has to come from somewhere.;-)
It's like flipping a coin and saying that because it
came up Heads 87 times in the last 100 flips that it
will come up Heads again.
In reality it has a 50/50 chance, same as it always has.
Because of the history, everyone was expecting a dive
in September or October. It didn't happen.
Ftse doesn't look that strong to me and the 30 strong DOW
is too easily manipulated.
Time to go into chicken mode and protect this years gains.
Melnibone.
little woman
- 12 Dec 2003 14:12
- 17 of 28
LONDON (AFX) - UK new residential property completions in the year to March 2003 stood at 183,993 units, up from 175,663 in the previous one year period, according to figures released by the Office of the Deputy Prime Minister.
In England, 137,981 units were completed in the year to March 2003, up from 130,050 in the previous one year period.
In Wales, the corresponding figure was at 7,915, down from 8,273 units in the year to March 2002, while in Scotland 23,946 units were completed in the year to March 2003, up from 23,853 units in the previous one year period.
Melnibone
- 12 Dec 2003 14:53
- 20 of 28
Phew! Going down at last.
Was Beginning to wonder if I had called this wrong.
Consumer confidence giving the excuse for profit taking.
Reading down at 89.6.
Melnibone.
apple
- 12 Dec 2003 15:59
- 23 of 28
OXB up 7.5%
Maybe its time has come?
Anyone know why?
apple
- 12 Dec 2003 16:24
- 25 of 28
Thanks
ThePlayboy
- 12 Dec 2003 17:01
- 26 of 28
MONDAY FTSE PP
R2 4385
R1 4366
PP 4348
S1 4329
S2 4311
Fri close on R2 after gaining2.8pts in the auction!
WEEKLY FTSE PP
R2 4451
R1 4399
PP 4356
S1 4304
S2 4261
Close was below the weekly pp!
For next week still in the trading range, uptrend still intact at 4430 with 4280 the next level! Uptrend seems to be targeting 4450 which is weekly R2 if the 83%(not my fig) chance of the Xmas rally begins! 2 day ftse chart in an uptrend off Thu low, brk of uptrend at 4335, continuation of trend targeting 4380 with a clear brk of Fri res at 4365 imho!
Have a good weekend all!