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 Post subject: June 9th Wednesday 2010 Emini TF ($TF_F) points +15.20
PostPosted: Thu Jun 10, 2010 10:08 pm 
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Trade Journal By M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

Trade journals are crucial in preventing us traders from becoming complacent or content with our trading plan or the markets because without having the ability to review archives of past trading days in a forever changing market...we won't know it's time to adapt when change occurs in the markets because broker statements alone doesn't help us keep that edge in comparison to a trade journal. In addition, this public trade journal contains useful trading tips a few times per week to encourage readers to return for more information and to help ensure I myself don't forget the importance of basic concepts within my own trading plan. Further, there are market summaries from Youtube Bloomberg, CNNMoney and Yahoo Finance as a quick archive of what happened in the markets on a particular day of trading. Thus, if you're looking for trading tips and market summaries that can improve your trading and/or understanding of what happen on a particular day that involves more than just entry signals...consistently read this trade journal and the #FuturesTrades chat room logs where I post my trades in real-time from entry to exit (see link below) via my IRC user name wrbtrader.

Today's #FuturesTrades chat room logs is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=75&t=540

Quote:
Today's results are 7 wins : 4 losses : 1 breakeven (see above #FuturesTrades log). Frustrating trading day that was compounded via missing a few short signals after the intraday high of the day...missed them because I had to head over to the pharmacy to get some medicine. The intraday highs became bearish via intermarket analysis of Oil markets...producing trade signals via Volatility Trading Report (VTR).

Trading Tip: As soon as you identify the price action as trending...it does not imply the trend will continue. Therefore, always be prepared for a change in supply/demand.


FYI - You can ask me questions here at the forum or you can tweet me on twitter about any thing related to today's trading or related to your own trading.

Image@ http://twitter.com/wrbtrader


In addition, posted below are direct links about my trade methodology or trading approach that enables me to identify key trading areas in the price action that represent changes in supply/demand and volatility along with being able to exploit these changes via WRB Analysis (wide range body analysis).

Image WRB Analysis Tutorials @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm

Image Volatility Trading Report (VTR) @ http://www.thestrategylab.com/VolatilityTrading.htm

Image Daily Trade Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=109&t=652

Trade Performance for Today: +15.20 points or $1,520 dollars in the ICE Russell 2000 Emini TF ($TF_F) Futures
Attachment:
060910_wrbtrader_PnL_Blotter_Profit.png
060910_wrbtrader_PnL_Blotter_Profit.png [ 32.18 KiB | Viewed 1525 times ]

1 tick or 0.10 = $10 dollars and to find out more contract information about the Russell 2000 Emini TF...click here.
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The market summaries below are courtesy of Bloomberg, CNNMoney and Yahoo! Finance. gm

Stocks Slump As Energy Shares Tumble
By Hibah Yousuf, staff reporter
June 9, 2010: 5:13 PM ET

NEW YORK (CNNMoney.com) -- Stocks finished in the red Wednesday, failing to sustain earlier gain in the last hour of trade, as investors ditched energy shares amid ongoing concerns about BP's ability to survive the Gulf oil spill.

The Dow Jones industrial average (INDU) fell 41 points, or 0.4%, with Exxon Mobil's (XOM, Fortune 500) stock down nearly 2%. Earlier, the index surged 125 points and broke through the 10,000 level for the first time this week, reaching 10,065.

The S&P 500 index (SPX) dipped 6 points, or 0.6%, as Anadarko Petroleum (APC, Fortune 500) sank more than 18% and Tesoro Corp. (TSO, Fortune 500) slipped more than 5%. The Nasdaq composite (COMP) lost 12 points, or 0.5%. Both indexes were up more than 1% earlier in the day.

BP (BP) remained in the spotlight Wednesday, Day 51 of the oil spill disaster, as investors continued to worry how the company will weather the costs of leak. The company's stock sank more than 16% Wednesday.

"The focus turned to BP and investors started to sell off energy stocks," said Kenny Landgraf, principal and founder of Kenjol Capital Management.
BP: Bankrupt Petroleum?

While most aspects of the BP's business remain strong, Landgraf said investors are also weighing the uncertainty and risks linked to the company as it faces liabilities and lawsuits.

"Analysts are saying BP is going to be able to pay out dividends on schedule, but the liabilities and the constant stream of oil flowing into the Gulf just don't present a positive view," Landgraf said.

He also said recent volatility in the markets continues to rattle investors.

After a choppy session, stocks rallied during the last hour of trade Tuesday, with the Dow Jones industrial average and S&P 500 ending higher thanks to a spike in commodity and financial shares. The Nasdaq also erased most losses to end just 3 points lower in the session.

Stocks extended Tuesday's eleventh-hour spike, with the Dow logging triple-digit gains, but the rally lost steam in the late afternoon as stocks repeated the late-stage turn.

"There's a lot of meandering and indecision among investors," said Art Hogan, chief market strategist at Jefferies & Co. "We'll continue to see gyrations in the market until investors find a level they're comfortable with, given the recent volatility," Hogan said.

The session's earlier gains were supported by Bernanke's comments that Europe's financial woes should have a limited impact on the U.S. economy.

"The actions taken by European leaders represent a firm commitment to resolve the prevailing stresses and restore market confidence and stability," Bernanke said, testifying before the House Budget Committee. "If markets continue to stabilize, then the effects of the crisis on economic growth in the United States seem likely to be modest."

Investors are relieved to hear that the region's troubles likely won't derail the U.S. recovery, although concerns about Europe will likely resurface again, said Paul Radeke, vice president at KDV Wealth Management.

Bernanke also urged lawmakers to make plans to reduce the nation's own deficit.

An unofficial report showing that Chinese exports spiked 50% in May compared to a year earlier also calmed some investor fears Wednesday.
Silver? The Swiss franc? Fear sends investors to safety

Jefferies & Co.'s Hogan said that while there's been some moderation in China's "explosive economic growth," the surge in exports suggests that Europe's troubles have not softened demand for Chinese goods.

Economy: The Federal Reserve's "Beige Book," a reading on activity in the nation's 12 economic districts, showed that economic activity continued to improve in May, though many districts reported only modest growth.

A report from the Department of Commerce showed that wholesale inventories rose 0.4% in April, below analysts' expectations of a 0.5% increase.

Bernanke will speak again late Wednesday in Richmond, Va., at a forum on the job market.

World markets: Stocks in Europe also rallied. The DAX in Germany and France's CAC 40 finished almost 2% higher. Britain's FTSE 100 increased 1.2%.

Asian markets ended mixed. Japan's benchmark Nikkei index dipped 1% but the Shanghai Composite rallied 2.8% and Hong Kong's Hang Seng index gained 0.7%.

Dollar and commodities: The euro continued to stabilize against the dollar. The greenback fell 0.2% against the shared currency. The buck fell 0.5% against the British pound and slipped 0.3% against the Japanese yen.

U.S. light crude oil for July delivery climbed $2.39, or 3.3%, to settle at $74.38 a barrel.

After closing at a record high Tuesday, gold for August delivery slipped $15.50, or 1.3%, to settle at $1,228.50 an ounce.

Bonds: Treasury prices were slightly lower, pushing the benchmark 10-year note's yield up to 3.24% from 3.22% late Tuesday. Bond prices and yields move in opposite directions.

Trading volume: Market breadth turned mixed. On the New York Stock Exchange, winners beat losers three to two on volume of 1.7 billion shares. On the Nasdaq, decliners topped advancers almost five to two on volume of nearly 2.3 billion shares.

Image

Yahoo! Finance

4:30 pm : Strong buying in the first part of the session saw the S&P 500 climb more than 1%, but once gains started to fade sellers stepped in to hand stocks a marked loss.

The stock market extended its advance from the prior session on the back of broad-based buying this morning. All 10 sectors in the S&P 500 made their way to higher ground and the Dow even made its way back above 10,000. However, the positive tone proved fleeting.

Energy stocks had been one of the best performers. The sector was up more than 2% at its high, but it buckled to close with a 1.3% loss, which is worse than any other sector. BP Plc (BP 29.20, -5.48) remained in focus as it closed at its lowest level since 1996 amid concerns about the safety of the company's dividend.

Higher oil prices couldn't keep sellers from piling on to the sector -- contracts closed pit trade with oil priced 3.3% higher at $74.38 per barrel. The gain move was helped by a weekly inventory report that showed a larger-than-expected draw of 1.83 million barrels when a draw of 900,000 barrels had been expected.

A pullback by the euro only added to the afternoon's selling effort. The euro had been as high as $1.207, but it was down to $1.198 with a fractional gain as trade drew to a close.

All 10 major sectors gave up their gains, but retailers managed to make out with a fractional gain. Target (TGT 52.37, -0.05) couldn't quite keep out of the red, though. Its slip came despite news that it increased its quarterly dividend by 47% to $0.25 per share.

Dow component Caterpillar (CAT 56.81, +0.20) also announced a dividend increase, which will take the stock's quarterly dividend to $0.44 per share from $0.42 per share.

Economic data was limited to a wholesale inventory report for April that showed a 0.4% increase in inventories. The report did nothing for stocks.

Fed Chairman Bernanke testified before the House Budget Committee this morning, but he offered no new insight on economic conditions.

The Fed's latest Beige Book was also out today. It stated that economic activity continues to improve across all 12 Fed districts, but the pace of recovery remains moderate.

An auction of the 10-year Treasury Notes drew a strong bid-to-cover of 3.2 and produced a yield of 3.24%. The results didn't have much of an immediate impact on Treasuries, but with the stock market's afternoon slide the benchmark 10-year Note was able to eke out a fractional gain.

Advancing Sectors: (None)
Declining Sectors: Energy (-1.3%), Financials (-1.0%), Tech (-0.9%), Utilities (-0.7%), Health Care (-0.6%), Materials (-0.3%), Industrials (-0.2%), Consumer Staples (-0.2%), Telecom (-0.1%)
Unchanged: Consumer Discretionary DJ30 -40.73 NASDAQ -11.72 NQ100 -0.9% R2K +0.1% SP400 +0.2% SP500 -6.31 NASDAQ Adv/Vol/Dec 1238/2.27 bln/1381 NYSE Adv/Vol/Dec 1568/1.70 bln/1472

3:30 pm : Sellers have intensified their efforts. All three of the major equity averages are now in the red at session lows.

In commodities trade, oil separated itself from the pack by swinging 3.3% higher to close pit trade at $74.38 per barrel. Its move was helped by a weekly inventory report that showed a larger-than-expected draw of 1.83 million barrels when a draw of 900,000 barrels had been expected.

Natural gas prices resumed their slide. The energy component closed at $4.68 per MMBtu, down 2.7%. Weekly inventory data is due tomorrow morning.

Precious metals failed to find support. Specifically, gold prices dropped 1.2% to $1230.20 per ounce and silver prices slid 1.6% to $18.19 per ounce. Overall, precious metals shed 1.5% this session. DJ30 -2.64 NASDAQ -2.76 SP500 -2.61 NASDAQ Adv/Vol/Dec 1382/1.82 bln/1220 NYSE Adv/Vol/Dec 1776/1.04 bln/1241

3:00 pm : Stocks continue to give up their gains. The S&P 500 had been up more than 1%, but its gain is now just a modest one as the downward move starts to accelerate.

The pullback has been broad, but energy stocks are among the hardest hit. The sector had been up more than 2% earlier, but it is now down to a 0.2% loss. DJ30 +23.05 NASDAQ +6.78 SP500 +1.92 NASDAQ Adv/Vol/Dec 1550/1.57 bln/1041 NYSE Adv/Vol/Dec 1983/894 mln/1022

2:30 pm : Stocks have drifted to afternoon lows, but gains remain solid.

Retailers remain especially strong. The group is up 1.5%, which is almost double the gain of the broader market. Apparel retailers J Crew Group (JCG 42.43, +2.00) and Buckle (BKE 34.57, +0.79) are among the best performers in their space. Target (TGT 52.90, +0.48) is up with a solid gain of its own, but the stock has lagged the rest of the retailer space. Its relative weakness comes in the face of news that the company increased its quarterly dividend by 47% to $0.25 per share. DJ30 +72.93 NASDAQ +21.29 SP500 +7.96 NASDAQ Adv/Vol/Dec 1778/1.44 bln/800 NYSE Adv/Vol/Dec 2329/812 mln/667

2:00 pm : The Fed's latest Beige Book was just released. It stated that economic activity continues to improve in all 12 Fed districts, but the pace of recovery remains moderate. The Beige Book also indicated that prices remain stable and wage pressure is minimal.

While the Beige Book indicated that there were concerns about the impact of the Gulf oil spill on tourism, it recognized that the presence of clean up crews could be an offsetting factor.

Stocks have shown little reaction to the Beige Book. DJ30 +85.63 NASDAQ +24.02 SP500 +9.29 NASDAQ Adv/Vol/Dec 1849/1.31 bln/715 NYSE Adv/Vol/Dec 2377/724 mln/605

1:30 pm : Stocks continue to drift off of their session highs, but the S&P 500 is still up nearly 1% amid broad-based gains. Advancing issues outnumber decliners by nearly 9-to-1 within the benchmark index.

Treasuries have managed to trim some of their losses. As such, the 10-year Treasury Note is now down seven ticks after an auction of the 10-year Notes drew a strong bid-to-cover of 3.2 and produced a yield of 3.24%. DJ30 +85.18 NASDAQ +25.06 SP500 +9.67 NASDAQ Adv/Vol/Dec 1882/1.20 bln/669 NYSE Adv/Vol/Dec 2402/655 mln/581

1:00 pm : A positive tone has permeated trade for the entire session. In turn, the major equity averages are up with sharp, broad-based gains.

Stocks closed the prior session on a strong note. Momentum from that move was extended into early trade this session with help from a stronger euro. The euro had been briefly in the red overnight, but it now sports a 0.6% gain at $1.205.

The stock market's ability to hold early gains brought more buyers in from the sidelines. Many had been fearful of further downside action after stocks had fallen almost 5% during the course of trade this past Friday and Monday. Market participants have lifted the Dow back above 10,000. Caterpillar (CAT 57.94, +1.33) is a primary leader among blue chips. The company announced that it will increase its quarterly dividend to $0.44 per share from $0.42 per share. Its strength has helped the industrial sector to a 1.7% gain, which is currently better than that of any other major sector.

Though still higher, utilities stocks are at the other end of the spectrum. The sector has made its way to a 0.4% gain as electric utilities lag. American Electric (AEP 31.66, -0.06) is among those caught in lackluster trade, though investors can look forward to the company's 400th quarterly dividend, which will be issued tomorrow.

Energy stocks had been up more than 2% earlier, but the sector now trades with a 1.5% gain. Speculation about whether the deepwater drilling moratorium might end within six months gave a momentary lift to the likes of Diamond Offshore (DO 59.72, +2.78) and Transocean (RIG 46.75, +0.42), both of which booked 52-week low in the prior session.

Higher crude oil prices have also helped the energy sector. A draw that was nearly double what had been expected from weekly inventories has spurred the commodity up 3.6% to $74.60 per barrel.

BP Plc (BP 31.78, -2.90) continues to take a beating, however. The stock is now near a decade low as analysts question the safety of the company's dividend. Based on its current share price, BP's dividend yield is just shy of 10%.

Fed Chairman Bernanke testified before the House Budget Committee this morning, but he offered no new insight on economic conditions. Market participants get a collection of anecdotal data with the 2:00 PM ET release of the latest Fed Beige Book.

Before that, though, are results from an auction of 10-year Treasury Notes at 1:00 PM ET. DJ30 +90.47 NASDAQ +26.56 SP500 +10.70 NASDAQ Adv/Vol/Dec 1858/1.10 bln/684 NYSE Adv/Vol/Dec 2413/598 mln/564

12:30 pm : The stock market has backed off of its session high, but gains remain strong and broad based. In fact, all 10 major sectors are in higher ground, seven of them are up by 1% or more.

This session's strength has sent the Volatility Index (VIX) 9% lower. The VIX is now down more than 35% from the 52-week high that it set near the end of May. DJ30 +121.08 NASDAQ +35.16 SP500 +14.63 NASDAQ Adv/Vol/Dec 1917/999 mln/584 NYSE Adv/Vol/Dec 2528/538 mln/449

12:00 pm : Utilities stocks continue to trail the broader market. The sector is up just 0.3% as electric utilities struggle to garner support. American Electric (AEP 31.72, +0.00) is among those that currently dance along the neutral line. Investors look forward to the company's 400th quarterly dividend, which will be issued tomorrow and will make for a century of dividends to shareholders.

Keeping with the dividend theme, industrial play Caterpillar (CAT 58.56, +1.95) recently announced that it will increase its quarterly dividend to $0.44 per share from $0.42 per share. Strength in shares of CAT have helped industrial stocks, as a group, climb 2.0%, which is better than any other major sector at the moment. DJ30 +113.14 NASDAQ +30.89 SP500 +13.26 NASDAQ Adv/Vol/Dec 1880/909 mln/597 NYSE Adv/Vol/Dec 2480/497 mln/473

11:30 am : Buying has accelerated in the past few minutes. Stocks now trade at new session highs.

Energy stocks have swung to a 2.1% gain. The sector's surge comes amid speculation about whether the deepwater drilling moratorium might end within six months. That has helped the likes of Transocean (RIG 47.78, +1.45) bounce higher after it had logged a fresh 52-week low in the prior session. DJ30 +115.26 NASDAQ +36.29 SP500 +14.80 NASDAQ Adv/Vol/Dec 1912/811 mln/546 NYSE Adv/Vol/Dec 2506/444 mln/414

11:00 am : The major market averages continue to trade in choppy fashion, but a recent spurt of buying has taken stocks to session highs. More specifically, the Dow recently moved back above 10,000.

Among blue chips in the Dow, advancing issues outnumber decliners by 2-to-1. IBM (IBM 125.11, +1.39) and Boeing (BA 62.49, +1.48) are atop the list of leaders, while Johnson & Johnson (JNJ 58.28, -0.36) creates one of the heavier drags. DJ30 +64.39 NASDAQ +19.44 SP500 +8.46 NASDAQ Adv/Vol/Dec 1627/616 mln/768 NYSE Adv/Vol/Dec 2251/645 mln/589

10:35 am : Despite weakness in the US Dollar Index, which is trading near is session lows, precious metals are in negative territory. Crude oil is higher.

July crude oil began trending higher earlier this morning and just recently hit fresh highs of $74.25 per barrel. Ahead of inventory data, crude was trading just under that high. Following the data, which showed a draw of 1.83 million versus a draw of 900,000 barrels, crude ticked to new session highs and is currently 3.2% higher at $74.29 per barrel.

July natural gas spent most of today's session in the red. The energy component rallied just before 9:00am ET, but quickly pulled back and is currently trading 0.5% lower at $4.78 per MMBtu.

Precious metals are lower this morning with gold and silver the worst performing commodities in the CRB Commodity Index. August gold has traded in the red all session in a narrow range. Currently, gold is 0.9% lower at $1234.40 per ounce. July silver has also traded in the red all session and is currently 0.8% lower at $18.30 per ounce. DJ30 +46.71 NASDAQ +11.43 SP500 +5.89 NASDAQ Adv/Vol/Dec 1617/433.6 mln/696 NYSE Adv/Vol/Dec 2172/239.8 mln/592

10:00 am : Action has become a bit choppy, but the major equity averages continue to trade with solid gains. Early strength has sent volatility lower, such that the Volatility Index is down 5%.

Wholesale inventory data for April was just released. Inventories for the month increased 0.4%, which is slightly less than the expected increase of 0.5%. Inventories for March were revised higher to reflect a 0.7% increase.

At any moment Fed Chairman Bernanke is expected to begin his testimony before the House Budget Committee. Quotes from his prepared remarks are making their rounds on newswires. DJ30 +34.16 NASDAQ +11.59 SP500 +4.89 NASDAQ Adv/Vol/Dec 1622/280 mln/636 NYSE Adv/Vol/Dec 2096/160 mln/614

09:45 am : Materials stocks have jumped out to a 1.5% gain, which adds to the sector's 2.5% spike from the prior session. While gold stocks provided leadership to the sector in the prior session, diversified metals and miners (+3.5%) and steel plays (+2.5%) are primary drivers of the sector's advance this morning.

Defensive oriented stocks are lagging, though. As such, utilities are down 0.2%, consumer staples are down 0.1%, and telecom stocks are flat. DJ30 +33.86 NASDAQ +13.10 SP500 +4.99 NASDAQ Adv/Vol/Dec 1659/155 mln/501 NYSE Adv/Vol/Dec 2094/102 mln/530

09:15 am : S&P futures vs fair value: +4.70. Nasdaq futures vs fair value: +9.80. The euro has made its way to a morning high of $1.203, up more than 0.4%. Stock futures have followed, such that a strong start to trade is expected. The generally positive tone has been shared by many overseas markets. As such, Europe's major bourses are up with varied gains after they had spent some time in the red earlier. As for Asia, Japan's Nikkei faltered to close at a six-month low, but the Shanghai Composite climbed almost 3% after some upbeat economic data was released. Meanwhile, commodities are mixed this morning as oil prices spike 2.7% to $73.95 per barrel ahead of the latest weekly oil inventory report at 10:30 AM ET. However, gold prices continue to pull back from its record high in the prior session; the yellow metal is down 1.0% to $1232 per ounce. Coming up, Fed Chairman Bernanke is scheduled to testify before the House Budget Committee at 10:00 AM ET. At the same time wholesale inventories for April will be released. Results from an auction of 10-year Treasury Notes are due at 1:00 PM ET. At 2:00 PM ET the Fed's latest Beige Book will be issued.

09:05 am : S&P futures vs fair value: +4.20. Nasdaq futures vs fair value: +8.80. The CRB Commodity Index is up an impressive 1.0%, thanks to higher crude oil prices. Oil prices are up 2.5% to $73.80 per barrel in the first few minutes of pit trade. The move comes ahead of the 10:30 AM ET release of weekly oil inventory data. Natural gas prices have extended their retreat from the prior session; they were last quoted 0.5% lower at $4.78 per MMBtu. Gold prices have pulled back to trade with a 1.0% loss at $1231.60 per ounce after they had set a new record of $1252.10 per ounce in the prior session. Silver was last quoted with a 1.1% loss at $18.28 per ounce.

08:35 am : S&P futures vs fair value: +5.10. Nasdaq futures vs fair value: +11.30. U.S. stock futures continue to climb. Action in Europe also continues to improve, such that the Euro Stoxx 50 has made its way 1.0% higher amid broad-based strength. However, tech stocks are lagging with a 1.0% loss. Meanwhile, Germany's DAX is up 1.1%. Of the German bourse's 30 components, only E.On and Salzgitter are in the red. Led by BNP Paribas and Societe Generale, France's CAC has made its way to a 0.8% gain. Utilities are out of favor, though; they currently trade with a 0.4% loss. In Britain, the FTSE has made its way out of the red to a 0.4% gain. Banking outfits HSBC (HBC) and Barclays (BCS) and mining plays Rio Tinto (RTP) and BHP Billiton (BHP). All three major averages have improved their positions amid a bounce by the euro which had been down overnight, but it is now up nearly 0.5% to $1.203. A 2.8% surge in mainland China's Shanghai Composite led the tape in Asia. Approximately 95% of its components climbed to a gain after economic data for May were leaked. Among those reports, Chinese exports surged about 50% year-over-year, while CPI reportedly grew 3.1% year-over-year, and new loans retreated. In Hong Kong, the Hang Seng closed with a 0.7% gain. China Mobile led the move. In Japan, the Nikkei failed to attract buyers and, in turn, dropped 1.0%. Honda Motor (HMC) underperformed amid reports that a strike at a China factory continues. However, April machinery orders excluding ships were up 4.0% month-over-month.

08:05 am : S&P futures vs fair value: +4.20. Nasdaq futures vs fair value: +6.00. After some rather choppy overnight action stock futures now suggest that an extension of the prior session's late, upward push may be in the making. The improved mood among premarket participants comes in conjunction with a bounce by the euro, which had been as low as $1.192 overnight but has since made its way to a 0.2% gain at $1.200, near its prior session high. Meanwhile, Europe's major bourses have put together varied gains. Action in Asia lifted the Shanghai Composite almost 3%, but left Japan's Nikkei to lose 1%; Hong Kong's Hang Seng tacked on 0.7%. Corporate news flow has picked up a bit since the prior session. Texas Instruments (TXN) narrowed its second quarter earnings forecast to the top end of its previous guidance. Ciena (CIEN) posted a narrower-than-expected loss for its latest quarter. Take-Two (TTWO) topped the consensus earnings estimate for the latest quarter, but the company issued mixed guidance. Fed Chairman Bernanke is scheduled to testify before the House Budget Committee at 10:00 AM ET. The Fed's Beige Book will be released at 2:00 PM ET. Other announcements include weekly oil inventory data at 10:30 AM ET and results from an auction of 10-year Treasury Notes at 1:00 PM ET.

06:35 am : S&P futures vs fair value: -2.10. Nasdaq futures vs fair value: -4.00.

06:35 am : Nikkei...9439.13...-98.80...-1.00%. Hang Seng...19621.24...+133.80...+0.70%.

06:35 am : FTSE...5026.04...-2.10...0.00. DAX...5872.38...+3.80...+0.10%.

Special thanks to Bloomberg, CNNMoney and Yahoo! Finance for their market summaries. gm

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
Image@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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