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Traders Thread - Tuesday 25th November (IAP)     

Crocodile - 24 Nov 2003 23:43

Premarket Futures FTSE +10 DAX +6 DOW -6 S&P +1.2 Nasdaq +2.5

1 Day 2 Day 5 Day - UK News

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FTSE 250

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FTSE Small Cap

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FTSE TechMark

1 Day 2 Day 5 Day  Futures  US News

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Nasdaq 100

[Chart]

S&P 500

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S&P Futures

DAX / CAC    Euro News

Nikkei +107  Hang Seng +143 Asia News

[Chart]

10 Year Bond

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UK/US charts have 1,2 or 5 day views. and now FT NEWS & Price link to UK, US & Asian markets. The Dax/CAC and Nikkei/Hang Seng are now switchable
News: Sorry Your browser is not java capable  

US Stocks markets were set for a bounce after 2 weeks of falls and the gains today proved sufficient to wipe out all of last week's declines.

ICAP the world's largest interbank broker across financial markets, said first-half pre-tax profit rose 47 percent on turnover up 31 percent to 407.7 million. and said it expected a continued strong performance in the second half.

Tesco Plc The UK's biggest supermarket chain delivered a forecast-beating rise in third-quarter sales to 6.9 percent in the 14 weeks to November 15.as strong demand for its budget clothes helped it to continue to outshine its rivals.

Enterprise Inns One of Britain's biggest pub operators reported a 51 percent jump in annual profits to 173.2 million pounds just above analyst forecasts and added that its new financial year had started well.

Jarvis CEO resigns as expected

TBI British regional airports operator posted a sharp fall in first-half pre-tax profit to 7.2 million pounds down from 15 million pounds last year.after writing down the book value of its struggling airport service business in North America.

New Look Group British women's fashion chain reported a fall in same-store sales in the first eight weeks of the second-half on Tuesday, as it posted a 7.3 percent rise in first-half profits to 48.2 million pounds. The firm, which has received a bid approach by its founder Tom Singh, said UK like-for-like sales in the eight weeks to November 22 fell 0.8 percent on the year-ago period and gross margins were down 1.9 percentage points.

De La Rue the world's biggest non-government printer of banknotes, posted a slight rise in first-half profits to 19.7 million pounds and said it expected favourable conditions to continue into the second half. It announced an interim dividend of 4.4 pence, unchanged from last year.

News will be posted at approx 7:35am

ukf.gif Calendar: United Kingdom
usf.gif United States (GMT)
euro.gif Europe & World (GMT

Enterprise Inns (F) PBT 169m exp. AbacGroup (F),

Acambis (Q3), Autologic Holdings (Q3), Care U.K (F). Character Group (F), De La Rue (I), Gen(I), ICAP (F), Intec Telecom Systems (F), Jarvis (I), Kingston Communications (I), London Merchant Securities (I), New Look (I), Quintain Estates & Dev (I), Signet Group (Q3), South Staffordshire (I), TBI (I), Topps Tiles (F), Tribal Group (I)

Tesco Q3 Sales

09.30 3rd Quarter Business Investment q/q 09.30 Oct Car Production 3m y/y

Aloy Inc (Q3), HJ Heinz (Q3)

13.30 3rd Quarter Preliminary GDP 7.5% exp. 13.30 3rd Quarter Preliminary Personal Consumption 6.5% exp. 15.00 Nov Consumer Confidence 85.0 exp. 15.00 Oct Existing Home Sales 6.5m exp.

AWD AG (Q3), Munich Re (Q3), Fortis (Q3)

09.00 EMU Nov German IFO Expectations Survey 108.1

Croc@SnappyTrader.com  WWW.SnappyTrader.com

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Melnibone - 25 Nov 2003 09:35 - 7 of 25

Morning all,

Can't really get exited about anything this week.
With the US shut on Thursday and a half day on
Friday, there won't be much trading on Friday as
most traders will treat it as a 4 day weekend.

As they will probably therefore treat Wednesday as
a day to close positions and knock off early, then
I would expect today to be last proper day of trading.

This will probably leave the FTSE rudderless on Thursday
and Friday, with lacklustre drifty sort of trading.

Yawn.

Melnibone

little woman - 25 Nov 2003 10:01 - 8 of 25

LLOY seems to have broken 410!

ThePlayboy - 25 Nov 2003 10:15 - 9 of 25

melnibone-yes well put!

little woman - 25 Nov 2003 10:20 - 10 of 25

Melnibone do we really depend on the US for direction to that extent?

Melnibone - 25 Nov 2003 10:31 - 11 of 25

I'm afraid we do little woman.

Until we get a disconnect, the US markets will
always be the dog that wags the UK tail.

Check out any chart you like, the gap may waver
around a bit but wherever the US goes the UK is
sure to follow.

Without the US to point the way, UK traders will just
take advantage of any rise or fall to take positions
in stocks whenever they hit the individual's buy or sell
price.

Melnibone

little woman - 25 Nov 2003 10:38 - 12 of 25

Looks like VOD is going to have a good day

They are ex div tommorrow, so it'll be interesting to see if the price will hold...........

Crocodile - 25 Nov 2003 11:42 - 13 of 25

Lots of nice buy Bots on Burberry / Kesa
Lloyds looks good

little woman - 25 Nov 2003 11:48 - 14 of 25

Hi croc,

Could you do me a favour and take a look a the CYH thread. (The last 25 or so posts) I'm backing off because I don't want to get into a slanging match, but someone is quoting govt regulations (?, which I don't think exist) without anything to back it up. I may be way off base but you are way ahead of me and I hate to think people may take it seriously.....

little woman - 25 Nov 2003 14:24 - 15 of 25

VOD L2 is really interesting!

Off now for the rest of the day...

Good trading everyone

Melnibone - 25 Nov 2003 14:53 - 16 of 25

Looks like the US GDP was already priced in to the
US markets.

S&P and DOW will probably stay flattish until 1500Hrs
and then move according to the consumer numbers.

If S&P drops below 1049 expect the FTSE to give up
its gains.

Melnibone

zarif - 25 Nov 2003 14:56 - 17 of 25


melnibone:
many thanks your kind advise as "woods for the tree syndrome" with me at the moment just watching.

Melnibone - 25 Nov 2003 15:04 - 18 of 25

Consumer confidence 91.7, highest for a year.

House starts a little weaker.

Nothing here to spook the markets.

Let's see how it trades.

Melnibone

Melnibone - 25 Nov 2003 15:17 - 19 of 25

Well, the FTSE has trousered today's profits whilst
the US dithers.

If the US starts to take yesterdays profits then
expect the FTSE to start taking yesterdays profits
and go negative for the day.

As usual, all depends on the US.

Melnibone

Melnibone - 25 Nov 2003 15:21 - 20 of 25

UK Foreign office has just issued a warning on more terror
attacks in Turkey.

Markets will not like that.
Careful with taking out new longs guys.

Melnibone

Melnibone - 25 Nov 2003 16:00 - 21 of 25

I spend most of my day scalping UK stocks.

What I'm seeing at the moment is most of
the stocks I trade are just rotating around
the spread.

It would be very easy to get trapped on the wrong
side of a move when it's like this and wipe this morning's profits.

Just going to watch in case a trend develops on the FTSE
in the last half hour that may yield a few points.

Melnibone

Melnibone - 25 Nov 2003 16:30 - 22 of 25

Nope, no trend for me in the last half hour.
Market can't decide where it wants to go.

That's me done.

Melnibone

cobras - 25 Nov 2003 16:53 - 23 of 25

HELLO ,,ANYONE KNOW ABOUT INTERALLIANCE AND ARCRISKMANAGEMENT,,PLEASE
I HOPE GOD NEEWS

Melnibone - 25 Nov 2003 19:12 - 24 of 25

draw?movingAverageString=60&startDate=01

I've mentioned the 60 day ma before.
Above is a chart that is clearly showing the FTSE using
it as the bottom support line of a trend channel circa 4280.

If you extrapolate the peaks you get resistance circa 4420.

With light trading expected due short US trading week, I'm
not expecting any trend breaks unless there is bad news.

However, low volume can often give high intraday volatility.
So what I will be looking for is to sell stocks or the index
circa 4400 for trend down as Bulls take profits and Bears
open shorts.

Reverse this process if a trend develops in the other direction
from 4300.

Knowing my luck we'll probably just pivot aimlessly around
the middle for the rest of the week.

Just a view, but as I've said before, to take a position you
need a reason and a plan, and to formulate a plan you need
a view.

Melnibone

ajren - 25 Nov 2003 19:15 - 25 of 25

Hi Croc,
Govt/City,etc Regulators mentioned above.
Please refer to my thread on main page - i.e.Regulators rgds ajren
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