Crocodile
- 17 Dec 2003 21:33
Premarket Futures |
FTSE UNCH |
DAX -7 |
DOW -2 |
S&P -0.4 |
Nasdaq +2 |
News: |
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U.S. stocks ended the session little changed with the Dow up
15.70, S&P up 1.35 and the Nasdaq down 2.96
National Express coach and rail firm said trading for
the year to was in line with market expectations, as customer numbers grew
at its UK trains division.and it was comfortable with full-year forecasts of
100 million pounds profits
United Business Media publishing, broadcasting and
market research company said that second half revenues should be ahead of
last year, despite the weakness of the U.S. dollar. Trading conditions in
the U.S. had improved and there has been a greater than expected recovery in
Asia. It also said it was buying Eurisko, a market research company in
Italy, for 33 million euros.Britannic Group said it was on track to resume dividend payments of
10 pence per share to shareholders and annual bonuses for most of its
with-profits policyholders following extensive restructuring. It has also
paid back 50 million in bank borrowings.
Redrow housebuilder said it expected to raise its
annual dividend by at least 20 percent this financial year and maintain
similar growth next year, buoyed by strong housing sales.
News will be posted at approx 7:35am
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United States
(GMT) |
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Europe & World (GMT |
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Carnival (Q4)National Express (Trading Statement)
Smith & Nephew (Trading Statement)
Advanced Technology bonissue of warrants ex date
09.30 Nov PSNCR, 7bn exp.
09.30 Chancellor Brown Comments on the Pre-Budget Report
09.30 Nov Retail Sales m/m, 0.1% exp.
09.30 Nov Preliminary M4 Money Supply y/y, 6.7% exp.
09.30 Nov CML, BBA & BSA Lending
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US: Goldman Sachs, Morgan Stanley
13.30 Initial Jobless Claims (w/e
13/12)
15.00 Nov Leading Indicators, 0.3% exp.
17.00 Dec Philly Fed, 25.90 prev. |
Europe: Infogrammes, Cap Gemini, Nordex
08.00 Dec German IFO Expectations,
108.7 prev.
11.00 3rd Quarter Labour Costs |
Melnibone
- 18 Dec 2003 16:20
- 46 of 60
Taken this opportunity of the FTSE at 4400 to take
the last of my profit and close my last long.
Not saying that the FTSE is going down, but near the
top of the trend channel the risk is to the downside
unless you get a trend channel breakout. As I've
said before, all is not lost if we get the breakout,
it usually comes back to test the previous resistance
as a support at least once, which will give me another
entry point.
So I ve not gone all bearish, just adjusting position
to the risk/reward situation.
Good luck to anyone staying with the longs.
Melnibone.
zarif
- 18 Dec 2003 16:24
- 47 of 60
Melnobone i agree totally with your advice -if you go in with a gunslinger attitude you may win once or twice but ultimately the market will eat you alive.
What are your views on dow today.?
rgds
zarif
Melnibone
- 18 Dec 2003 16:26
- 48 of 60
Taken this opportunity of the FTSE at 4400 to take
the last of my profit and close my last long.
Not saying that the FTSE is going down, but near the
top of the trend channel the risk is to the downside
unless you get a trend channel breakout. As I've
said before, all is not lost if we get the breakout,
it usually comes back to test the previous resistance
as a support at least once, which will give me another
entry point.
So I ve not gone all bearish, just adjusting position
to the risk/reward situation.
Good luck to anyone staying with the longs.
Melnibone.
Melnibone
- 18 Dec 2003 16:26
- 49 of 60
Taken this opportunity of the FTSE at 4400 to take
the last of my profit and close my last long.
Not saying that the FTSE is going down, but near the
top of the trend channel the risk is to the downside
unless you get a trend channel breakout. As I've
said before, all is not lost if we get the breakout,
it usually comes back to test the previous resistance
as a support at least once, which will give me another
entry point.
So I ve not gone all bearish, just adjusting position
to the risk/reward situation.
Good luck to anyone staying with the longs.
Melnibone.
Melnibone
- 18 Dec 2003 16:31
- 50 of 60
Don't know why that post came out 3 times.
I didn't do it intentionally.
Spooky.
Melnibone
Crocodile
- 18 Dec 2003 16:40
- 51 of 60
Melnibone, good for the figures :-)
Melnibone
- 18 Dec 2003 16:41
- 52 of 60
Hi zarif,
I'm not really much of an expert on the DOW, not much
of one on the FTSE come to think of it :-), but if you
twist my arm I would say that if the S@P/DOW continue to
rally, then I would look for highs of 1085/10,235 and then a
sell off.
If it doesn't go higher I would expect a retreat from 10,200
on profit taking and a retest of the new 1075 support,
previously resistance, on the S@P.
Don't know if that fits in with your own views, but there you
have it.
Melnibone.
zarif
- 18 Dec 2003 16:44
- 53 of 60
Thanks melnibone same guesstimates as mine. I believe we are due a correction soon as things are getting silly but then again all we can say is that the market is always right!!!!
rgds
zarif
ThePlayboy
- 18 Dec 2003 16:48
- 54 of 60
FRI FTSE PP
R2 4438
R1 4417
PP 4383
S1 4362
S2 4328
Close above Thu R2 after gaining 3.2pts in the auction! 2 day ftse chart still in uptrend targeting 4415, brk of uptrend at 4390!
Druid2
- 18 Dec 2003 17:12
- 56 of 60
Nice rise on the FTSE today which has also helped my EZJ longs which I hope to hold until 500p. What has happened to ETL ? Seem to be stuck in the lower 40's !!
Melnibone
- 18 Dec 2003 19:07
- 57 of 60
S@P is testing the 1085 resistance level.
US has got 2 Hrs left to decide what it wants to do.
Take profits, or push on to a new leg up so that
the Fund Managers can end on super end of year
reports for their clients; oh, not forgetting those
fat bonus's they'll collect before taking it back
after the hols so that they can cover the same ground all over again.
Bush would like that, nice rising markets into his re-election
campaign whilst his buddy, Al Greenspan keeps the rates low
to get some inflation going and fuel some more spending.
Dollar will keep going down at these low interest levels. If the
Euro gets much stronger it's going to effect exports and may increase
pressure on Europe to keep interest rates lower, or, heaven forbid,
start cutting them again. That'll please Gordon, especially now
they've changed the rules so that the BOE will meet re-rigged inflation targets
without having to raise rates and further increase the strength of
the pound and the difficulty of exports.
Cynical? Moi. ;-)
Melnibone.
Melnibone
- 18 Dec 2003 19:59
- 59 of 60
Yes, I've been watching the price whilst reading some other stuff.
Seems as if the S@P is visiting the highs it opened
at on Monday. Be interesting to see what happens when it
hits them. If it actually closes over the 1085/1086 area
we'll have to start strapping our horns on again. :-)
FTSE after hours trading doesn't seem impressed with it,
it's only a smidgin over 4400.
Melnibone.