Crocodile
- 25 Jan 2004 12:41
UK 9:15am Futures |
FTSE -14 |
DAX -14 |
DOW -17 |
S&P -1.2 |
Nasdaq -1.5 |
News: |
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Senofi makes a 48.5 Billion Euro offer for Aventis (AVN)
Legal & General has unveiled a two percent drop in global new business
sales, in line with expectations, and says it expects to gain market share
on the back of rising consumer confidence, New business sales for insurance
products fell to 886 million pounds from 906 million on an annual premium
equivalent basis. Analyst had forecast sales of between 870-917 million
pounds with a consensus of 893 million.
GWR radio company Group said it was not in talks with Capital
Radio after a Sunday newspaper said the firms had entered formal discussions
on a merger
Irish Life & Permanent Ireland's third-biggest financial company, said
it had not held talks over a possible takeover by HBOS countering a
newspaper article on Sunday.
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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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Legal & General FY Sales 875m exp. Vernalis
(I), Beale (F), Alterian(I), Scottish Radio Holdings (AGM)
Granada Plc (GAA). BonEx Terms are 1 Redeemable
for every 13.84 Ordinary shares.
Treasury conference on Britain in
a Global Economy
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American Express (Q4),Texas Instruments (Q4),
Altera (Q4), Dover (Q4), Hilton Hotels (Q4), Kimberly-Clark (Q4), McDonald's
(Q4), Millipore (Q4), Novellus Systems, Safeco, Schering-Plough, American
Standard companies (Q4), Lexmark International (Q4)
15.00 Dec Existing Home Sales 6.1m exp
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Santander (F)
07.00 Dec German Import Price Index 0.1% exp
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ThePlayboy
- 25 Jan 2004 21:12
- 9 of 43
MONDAYS FTSE PP
R2 4506
r1 4483
pp 4461
s1 4438
s2 4416
Close was below Fri pp after gaining 3.9pts in the auction! 2 day chart brk out of downtrend at 4463 targets 4480, if not cont weakness back to 4440!
WEEKLY FTSE PP
R2 4570
R1 4515
PP 4477
S1 4422
S2 4383
For next week i see a pos test of 4420 (lower 3 month TL channel) if dow fails to hold 10600 but more importantly for the longer term 10550, if dow holds these levels and ftse has been over cautious and decides to close the divergence a little, a test of 4500 imho!
hijeff
- 26 Jan 2004 07:17
- 10 of 43
joey DVR you want to long for the divi?
ThePlayboy
- 26 Jan 2004 08:52
- 13 of 43
well looks like thats me done for the day, tgts hit at 80 on gap up now 40 lower tgt, nice ftse range for a change:)
Melnibone
- 26 Jan 2004 09:36
- 15 of 43
Morning all,
Well done TP. I'm having a leisurely start to the day myself.
Still wondering if I'm going to get the 4380/4400 I'm looking for.
As posted last night, DVR seems to be having low volumes.
3 trades already! Lol. I've seen more liquidity in some AIM stocks.
Hope you are right about a nice drop for GSK, Fundamentalist.
Could do with picking some up nice and cheap.
Melnibone.
ThePlayboy
- 26 Jan 2004 09:43
- 16 of 43
melnibone-thx, only trading certain hours now, in conjunction with other traders confirming my thoughts i now play the 4.30 to 5.30 move as the Dow can mess about until out close then move, even if it does,nt sometimes if the ftse has been oversold the futs close the gap in this time frame, last 20 sessions has a 75% success rate for a smooth 10/15 point gain using my indicators, have a look at a futs chart for this timeframe!
ThePlayboy
- 26 Jan 2004 09:45
- 17 of 43
http://www.futuresource.com/charts/charts.jsp?s=LFTH04&o=&a=V%3A5&z=610x300&d=medium&b=bar&st=
Above link to fri ftse futs chart, see how Mondays pp tie in nicely with the pp
r2 4475
r1 4456
pp 4437
s1 4418
s2 4399
Fundamentalist
- 26 Jan 2004 10:11
- 18 of 43
Melnibone,
little drop on GSK - I am looking to get back in but am still struggling to time it right - if it drops below 1180 that is my current target. Do you also trade Astra Xeneca - any views prior to Thursdays results?
Melnibone
- 26 Jan 2004 10:21
- 20 of 43
Hi little woman, not surprised they're shorting FKI.
See my points further up the thread on this one.
Alice in Wonderland price on this stock IMHO.
REf DVR, spread is too wide and liquidity is too low for me.
Ref IAP(ICAP), too close to 1600p and spread none too clever either.
Melnibone.
Melnibone
- 26 Jan 2004 10:27
- 21 of 43
Hi Fundamentalist,
AZN is nice stock to trade. The price over 26 a share often gives a spread
circa 0.04%.
The current gyrations in the price are fairly volatile. There seems to
be some sort of Bull/Bear battle going on at the moment. Would not
want to get caught the wrong way if one of them wins.:-)
I prefer GSK.
Melnibone
hijeff
- 26 Jan 2004 11:00
- 22 of 43
DVR now 2 point spread against 30+ first thing.
Crocodile
- 26 Jan 2004 11:36
- 23 of 43
Parmalat debt now raised to $14 Billion, nearly as bad as my credit cards after Xmas.
ThePlayboy
- 26 Jan 2004 14:19
- 25 of 43
lw only one way to trade ftse on a daily basis and thats with direct access imho, sber only good for longer term!
ThePlayboy
- 26 Jan 2004 14:44
- 27 of 43
lw -little women
sber = spreadbetter :)