Investors' Room :: Traders Thread - Tuesday 8th July - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Crocodile - 07 Jul 2003 22:32

		Gold

	S&P &Futures (Click for latest)	Pre Market Futures (7:30)
		FTSE	+5
		TechMark	+6
		DAX	+5
Hang Seng +-	Nikkei +-	DOW	+8
		S&P	+0.5
		Nasdaq	+1.7

News Headlines: U.S. stocks rallied Monday on reports that Microsoft is considering a special dividend for shareholders and on hopes that a economic and corporate recovery is on the way. It is considering giving $10 billion back from its cash stash of $46 billion, to its shareholders in the form of a special dividend.

Safeway says its first-quarter sales slipped but profit was flat as it struggled to keep customers while its future hung in the balance. Like-for-like sales fell 0.6 percent in the first quarter with total sales up by 1.1 percent. Safeway said this was a resilient performance. Kidde, fire-fighting equipment, says its order book has grown in the first half and it is on track to meet its aim of resuming organic sales growth this year. They said "While market conditions continue to be competitive, cost saving programmes are on track to deliver the anticipated benefits,"

National Express Group coach and train firm says trading for the six months to June 30 was in line with management expectations. The firm said progress at its UK bus business remained "encouraging" and that passenger growth at its UK trains division was up five percent.

Calendar

All GMT

United Kingdom (F)inals (I)nterim

United States (Click Flag)

Europe & World

Tue 8th

Alphameric (I), Kensington Group (I)Kidde Trading Statement, Signet (AGM) Safeway AGM + Q1 Trading Statement

Signet Group PLC AGM Vosper Thornycroft Holdings PLC AGM Albany AGM, DCC AGM

Pepsi Bottling Co (Q2), ALCOA AA 0.25, Century Bancorp 20.00 May Consumer Credit $5bn exp.

08.55 April German Unemployment Change 11k exp. 11.00 May German Preliminary Indtrial Output m/m 0.2% exp.

Good Trading! David@FTSEDOW.com www.FTSEDOW.com

Pivot Calculator

Da Bear - 08 Jul 2003 01:31 - 2 of 15

Well Nikkei got over 10k at the open, big psycholigical #, might hold it for todays session, we shall see, Resistance just above at 10061, it gapped at the open over resistance 9885 would like to see it back under that #, but ultimately it will head up again short term, but you can never tell with Japan as news out of there at times beggars belief.All imo of course.

Da Bear - 08 Jul 2003 03:05 - 3 of 15

Hmm, wouldn't you think that after a 2.6% advance yesterday and another 2% near the open today, that there would be a bit of profit taking ,considering we are at 10k on the Nikkei,but speculation that foreigners will step up their buying of Japanese stocks keeping it up, oh the greed of it all :-}. Time to wait and see what the 2nd half of there day brings.

Crocodile - 08 Jul 2003 07:36 - 4 of 15

Morning all, Thanks Da Bear.

little woman - 08 Jul 2003 09:24 - 5 of 15

Da Bear

Please keep posting on the Investors Thread! I know it's quiet, but too many people have deserted us (I can post on the Traders thread, but choose not to!)

As long as you don't give up, a few others may join in!

Da Bear - 08 Jul 2003 14:13 - 6 of 15

Good afternoon all.

Thanks little woman, will do.

For today the futures looking like they want a little pullback, important initial numbers to hold for the upward momentum to remain intact are, NDX 1270, Dow 9150/20, SPX 995, they hold and away we go again.

fredbear - 08 Jul 2003 17:54 - 7 of 15

may i join in? :)

Da Bear - 08 Jul 2003 19:16 - 8 of 15

lol, yes please join in, its quiet around here, and not much happening in the market other than the Dow and NDX on different routes today

fredbear - 08 Jul 2003 20:05 - 9 of 15

ok then fella. :)

whats your view for the next few months? are u a bull convert or a bear market steadfast?

Da Bear - 08 Jul 2003 20:41 - 10 of 15

its going down for the next few months, posted why i think so on yesterdays thread, i'm not a perma-bear, have always been quite happy to go long when the opportunity is there.

fredbear - 08 Jul 2003 21:08 - 11 of 15

you sound like my double! :)

i dont think this bear market is done yet but not a perma-bear. I also think its going down for the next few months and am short SPX 1005. i much prefer longs to shorts.

Do you follow sentiment in any way?

Da Bear - 08 Jul 2003 21:43 - 12 of 15

yes i do, they are heavily on the bullish side, analysts at least, i'll be on the look out for the Put/Call numbers to give me a top signal especially on the QQQ and OEX, at the moment the Qs seem too bearish, probably means a bit more upside ahead yet.

fredbear - 08 Jul 2003 22:07 - 13 of 15

The techs have way outperformed the blues for a while. seems like most people have missed the fact and yet they are still trying to sell techs.Its not inconceivable that the blues could fail while the techs stay flat or take minimum damage perhaps.

Pretty much everything that i watch is calling for a top at the moment, even the price momentum stuff is turning over.

its been a pleasure talking, bed for me now.(the missues wants her feet rubbed) :)

regards and GL
Fred

Da Bear - 08 Jul 2003 23:00 - 14 of 15

Good night to you, foot fetish bear huh , hehe.

little woman - 09 Jul 2003 00:44 - 15 of 15

Sorry I missed you both. Just checked in after an extremely long and tiring day.

Been a pleasure reading......... Night

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Traders Thread - Tuesday 8th July (SFW)