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 Post subject: July 8th Thursday 2010 Emini TF ($TF_F) points +5.50
PostPosted: Sun Jul 11, 2010 4:40 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=76&t=563

Quote:
Today's results are 6 wins : 4 losses (see above #FuturesTrades log). Extreme hot weather here and the new pool not very helpful because it warmed up fast to about 88f. Further, family not use to weather in the 90's like me because I grew up in this type of hot sticky humdity in the midwest U.S.

As for my trading, one trade (4th trade) resulted in the bulk of my profits and I became conservative after that particular trade via reducing my overall position size, tighter stops, tighter trails and smaller profits.

Trading Tip: There's nothing wrong with small profits. The key is consistency and those that concentrate on hitting home runs are often losing traders.


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=116&t=709

Trade Performance for Today: +5.50 points or $550 dollars in the ICE Russell 2000 Emini TF ($TF_F) Futures
Attachment:
070810_wrbtrader_PnL_Blotter_Profit.png
070810_wrbtrader_PnL_Blotter_Profit.png [ 32.52 KiB | Viewed 1524 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

Another Up Day: Dow Advances 120 Points
By Alexandra Twin, senior writer
July 8, 2010: 9:33 PM ET

NEW YORK (CNNMoney.com) -- The Dow rallied Thursday, leading the broader market higher, as investors welcomed a bigger-than-expected drop in jobless claims and a rise in the euro.

The Dow Jones industrial average (INDU) gained 120 points, or 1.2%. The S&P 500 (SPX) added 10 points, or 0.9% and the Nasdaq (COMP) composite gained 16 points or 0.7%.

Stocks surged Wednesday after State Street's improved earnings forecast boosted financial shares, giving a lightly traded market a reason to rally. A stronger euro took the pressure off European debt worries.

The positive mood continued Thursday, after a shaky start to the session.

"The sentiment had gotten overly bearish and in an environment like that, you can see these oversold bounces," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

Through the end of last week, the major stock indexes dropped more than 15% off the rally highs of late April as investors tried to price in the threat of a so-called double-dip recession. While the selling seems to have tapered off in the short term, stocks remain vulnerable.

"The stock market is not going to get its footing and show overall progress until we can see an improvement in the labor market," said James King, chief investment officer at National Penn Investors Trust.

On the move: Gains were broad based, with 27 of 30 Dow issues rising, led by consumer names Procter & Gamble (PG, Fortune 500), Coca-Cola (KO, Fortune 500) and McDonald's (MCD, Fortune 500). Other gainers included Caterpillar (CAT, Fortune 500), 3M (MMM, Fortune 500) and Chevron (CVX, Fortune 500).

Merck (MRK, Fortune 500) said it was closing eight research and eight manufacturing plants as part of its restructuring following its merger with Schering-Plough.
These little PIIGS went to market -- The Buzz

Labor market: Roughly 454,000 Americans filed new claims for unemployment insurance last week, down from 475,000 in the previous week, according to a Labor Department report released Thursday. Economists surveyed by Briefing.com expected 460,000 new claims.

Continuing claims, a measure of Americans who have been receiving benefits for a week or more, fell to 4,413,000 from 4,637,000 in the previous week. Economists expected 4,600,000 continuing claims.

While the drop-in claims was welcome, economists say the nation still has a long way to go before it creates enough jobs to promote growth.

"The report was positive, but we don't see evidence that significant progress is being made to bring down the unemployment rate on a stable or recurring basis," said King.

The June jobs report, released a week ago, showed a rise in private-sector hiring that was smaller than expected, and a drop in the overall number of jobs.

Retail sales: Sales at the nation's retailers rose for a tenth consecutive month in June, but the pace of consumer spending continues to slow after a burst in the early part of the year.

June same-store sales rose 3.1% versus forecasts for 3.2%, according to tracker Thomson Reuters. Sales rose 2.5% in May and dropped 4.9% in the same month a year ago. The term 'same-store sales' is an industry metric that refers to stores open a year or more.

On the upside, department stores such as J.C. Penney (JCP, Fortune 500), Nordstrom (JWN, Fortune 500) and Macy's (M, Fortune 500) all reported better-than-expected results, while Gap (GPS, Fortune 500) and BJ's Wholesale (BJ, Fortune 500) were among the losers.
The world's biggest companies

Mortgage rates: Long-term rates fell to the lowest point since the 1950s, dropping for a second-straight week. The average rate on a 30-year fixed mortgage fell to 4.57% from 4.58% in the previous week, Freddie Mac reported. Its the lowest rate since Freddie Mac started tracking rates in 1971 and the lowest since the 1950s.

Currency: The euro rose to a two-month high versus the dollar, on some optimism about the results of European bank stress tests, also gave stocks some support.

World markets: European markets gained, with Britain's FTSE 100 rising 1.8%, Germany's DAX advancing 0.7% and France's CAC 40 climbing 1.6%.

Asian markets ended higher except for China. Japan's Nikkei rose 2.8%, Hong Kong's Hang Seng gained 1% and the Shanghai Composite fell 0.3%.

Commodities: U.S. light crude oil for August delivery rose 37 cents to $75.81 a barrel on the New York Mercantile Exchange.

COMEX gold for August delivery rose $2.30 to $1,198.40 an ounce.
0:00 /2:50BP's slippery 80 days

Bonds: Treasury prices fell, raising the yield on the 10-year note to 3.02% from 2.98% late Wednesday. Debt prices and yields move in opposite directions.

Market breadth: Market breadth was positive. On the New York Stock Exchange, winners beat losers nearly four to one on volume of 1.16 billion shares. On the Nasdaq, advancers beat decliners nine to four on volume of 2.07 billion shares.

Image

Yahoo! Finance

4:30 pm : Stocks spent most of the session chopping along listlessly with modest gains, but a broad-based bounce in the last hour enabled stocks to finish near their best levels of the day.

The session started in positive territory as early participants responded to overseas gains and news that the International Monetary Fund (IMF) increased its 2010 world GDP forecast to 4.6% from 4.2%. The IMF kept its growth forecast for 2011 at 4.2% as stronger growth in the U.S. is expected to be offset by softer growth in the euro area. In the interest of promoting healthy, sustainable growth, the European Central Bank left its benchmark interest rate at 1.00%, as expected. To little surprise, the Bank of England also kept its benchmark interest rate at 0.50% and left its asset repurchase program at 200 billion pounds.

Most of the stock market's early strength stemmed from the latest weekly jobs report, which indicated that initial jobless claims for the week ended July 3 totaled 454,000, which is down from the prior week and slightly lower than the 460,000 initial claims that had been widely expected. As for continuing claims, they plummeted more than expected to a near 20-month low of 4.41 million. However, the expiration of worker benefits likely played a major part in that drop.

Early gains had dissipated by afternoon as a general lack of leadership left the broader market to chop along just above the neutral line and the Nasdaq made periodic dips into the red. Though the Dow sported a solid gain throughout the afternoon lull, a broader base of buyers stepped back into the action in the final hour of trade. Their re-entry coincided with a climb by the euro to its best level of the day - the currency finished with a 0.5% gain.

All 10 major sectors were able to book gains. The best moves were made by materials (+1.5%), consumer staples (+1.5%), energy (+1.3%), and industrials (+1.3%). Even the consumer discretionary sector advanced 0.8%, despite relative weakness among retailers following a raft of same-store sales results that generally failed to impress investors.

The commodities pits saw crude oil futures gain 1.9% to close at $75.44 per barrel. Oil prices oscillated throughout the session, unable to find a clear path despite a larger-than-expected draw in weekly inventories.

Natural gas prices plummeted 5.4% to close at $4.39 per MMBtu after inventories showed a larger-than-expected build in weekly inventories.

Advancing Sectors: Materials (+1.5%), Consumer Staples (+1.5%), Industrials (+1.3%), Energy (+1.3%), Telecom (+1.1%), Consumer Discretionary (+0.8%), Health Care (+0.9%), Utilities (+0.8%), Financials (+0.6%), Tech (+0.5%)
Declining Sectors: (None) DJ30 +120.71 NASDAQ +15.93 NQ100 +0.5% R2K +1.4% SP400 +1.1% SP500 +9.98 NASDAQ Adv/Vol/Dec 1818/2.06 bln/783 NYSE Adv/Vol/Dec 2327/1.12 bln/691

3:30 pm : Grains once again led the CRB Commodity Index higher, after Sept wheat futures closed higher by 3.4% to $5.48 per bushel. Today's gains come on the heels of yesterday's 4.5% rally.

Trade in major energy commodities was largely driven by inventory data today. Aug crude oil futures gained 1.9% to close at $75.44 per barrel. It traded back below the $75 level following this morning' sell off but was able to bounce off its session lows to close back above that level. Inventory data showed a larger-than-expected draw down. Aug natural gas shed 5.4% to close at $4.39 per MMBtu after inventories showed a build of 78 bcf, which was larger than expectations. Bearish fundamentals continue to undermine any run-up futures have.

It was a quiet session for the precious metals sector, which shed a modest 0.2%. Aug gold futures closed lower by 0.1% to $1196.10 per ounce, while Sept silver lost 0.3% to $17.87 per ounce. DJ30 +77.04 NASDAQ +4.44 SP500 +4.80 NASDAQ Adv/Vol/Dec 1525/1.7 bln/1060 NYSE Adv/Vol/Dec 2048/802.7 mln/940

3:00 pm : The broader market remains mired in choppy trade, but the consumer staples sector has run ahead to a 1.2% gain, which puts it at a session high and makes it the best performing sector of the day. The sector is currently led by Procter & Gamble (PG 61.87, +1.05), which is coming close to resistance levels near $62.

The latest consumer credit figures were just released. They showed that credit contracted by 9.1 billion in May. A contraction of $3.0 billion been expected, on average, by a sample of economists polled by Briefing.com. DJ30 +64.25 NASDAQ -2.82 SP500 +3.38 NASDAQ Adv/Vol/Dec 1398/1.52 bln/1166 NYSE Adv/Vol/Dec 1899/725 mln/1081

2:30 pm : The S&P 500 Financial Sector is now at a fresh session low with a 0.7% loss. That makes it the worst performing sector, so far, this session.

The sector's weakness is spread out widely, such that diversified banks (-1.3%), regional banks (-1.1%), investment banks and brokerages (-1.0%), diversified financial services (-0.7%), and multiline insurers (-0.6%) are all in the red. However, specialized finance plays (+0.4%) and consumer finance plays (+0.4%) are higher in the face of such weakness. DJ30 +28.00 NASDAQ -5.01 SP500 -0.39 NASDAQ Adv/Vol/Dec 1340/1.39 bln/1219 NYSE Adv/Vol/Dec 1753/660 mln/1208

2:00 pm : The Nasdaq is back in the red as large-cap tech stocks succumb to renewed selling pressure. Apple (AAPL 256.09, -2.58), Cisco (CSCO 22.27, -0.21), and Intel (INTC 19.98, -0.17) are amont the primary sources of weakness in the tech-rich index.

Meanwhile, the Dow continues to trade with a comfortable gain. Boeing (BA 64.16, +0.86) remains a primary leader among blue chips. DJ30 +38.45 NASDAQ -1.48 SP500 +1.55 NASDAQ Adv/Vol/Dec 1420/1.28 bln/1121 NYSE Adv/Vol/Dec 1857/597 mln/1088

1:30 pm : The stock market has worked its way up from near the neutral line, but overall gains remain moderate.

Oil prices have also retraced part of their advance, though the commodity now trades with a much more impressive gain than that of the broader market -- oil prices are up 1.5% to $75.20 per barrel. The increase in oil prices has helped prop up the energy sector, which is currently up 0.6%. DJ30 +56.68 NASDAQ +0.80 SP500 +3.10 NASDAQ Adv/Vol/Dec 1442/1.18 bln/1098 NYSE Adv/Vol/Dec 1962/555 mln/985

1:05 pm : The stock market surged in the prior session without any clear catalyst, but stocks have since struggled to extend the move despite some encouraging data.

The International Monetary Fund increased its 2010 world GDP projection to 4.6% from 4.2%. Its overall growth forecast for 2011 was kept at 4.2% as expectations for stronger U.S. growth was offset by expectations for softer growth in the euro area.

Despite the IMF's 2011 call for softer growth in Europe, the continent's primary bourses booked rich gains - Britain's FTSE finished 1.8% higher and France's CAC closed with a 1.6% gain. News that the Bank of England kept its benchmark interest rate at 0.50% and left its asset repurchase program at 200 billion pounds had little impact on action. The European Central Bank's decision to keep its benchmark rate at 1.00%, as expected, also had little influence on trade.

Initial jobless claims for the week ended July 3 were also released prior to the open of U.S. trade. At 454,000, initial claims were down from the prior week and slightly lower than what had been expected. More impressive was that continuing claims fell to a near 20-month low of 4.41 million, but the number should be treated with caution since it likely reflects an abundance of expired benefits.

Corporate news flow was generally limited to the latest in same-store sales figures. Overall, results were mixed as Limited (LTD 23.82, +0.14), Macy's (M 18.13, +0.22), JC Penney (JCP 23.05, +1.27), and Nordstrom (JWN 32.74, -1.02) reported better-than-expected numbers, but Kohl's (KSS 46.85, -1.68), Gap (GPS 18.14, -1.59), and Target (TGT 49.57, -0.86) came short of what had been anticipated. Retailers currently trade with a collective loss of 1.0%... Retailers aren't the only ones in the red, though. Financials, which were leaders in the prior session, have lagged for most of this session. The sector is currently down 0.3%... The absence of leadership has made it difficult for stocks to extend build on the gains that they logged in the prior session. The S&P 500 had been up markedly in the early going, but now it is chopping along just above the neutral line. Dow +0.4%, Nasdaq -0.1%, S&P 500 +0.2% DJ30 +43.36 NASDAQ -2.19 SP500 +2.20 NASDAQ Adv/Vol/Dec 1418/1.10 bln/1116 NYSE Adv/Vol/Dec 1857/515 mln/1077

12:30 pm : The stock market has rebounded from its recent dip so that it now sports a modest gain. The move has been broad based, but two of the stock market's sectors -- utilities and tech -- are still in negative territory with a 0.1% loss. DJ30 +51.46 NASDAQ +1.32 SP500 +2.80 NASDAQ Adv/Vol/Dec 1414/961 mln/1087 NYSE Adv/Vol/Dec 1877/466 mln/1035

12:00 pm : Both the Nasdaq and S&P 500 have poked into negative territory amid increased selling pressure. Pressure has also intensified against commodities, such that the CRB Commodity Index is now down 0.1% after it had been up almost 1% in morning trade.

Natural gas prices are under some of the most pressure -- the commodity was last priced 3.5% lower at $4.40 per MMBtu as it extends its selloff in the wake of larger-than-expected build in weekly inventory data.

Oil prices are now at $74.60 per barrel with a 0.7% gain after the commodity was up more than 2% in early pit trade. Inventory reports for the week ended July 2 showed a draw of 4.96 million, which is more than the 2.00 million barrel draw that had been expected. DJ30 +18.77 NASDAQ -5.55 SP500 -0.25 NASDAQ Adv/Vol/Dec 1268/860 mln/1210 NYSE Adv/Vol/Dec 1668/420 mln/1228

11:30 am : The S&P 500 is chopping along near its session low, but it has yet to slip into negative territory. Meanwhile, the Nasdaq was recently taken to the neutral line as sellers pressed their efforts. In contrast, the Dow continues to sport a healthy lead over its counterparts -- the blue chip index is currently led by Boeing (BA 64.59, +1.29), McDonalds (MCD 68.33, +1.02), and American Express (AXP 41.79, +0.64). DJ30 +39.96 NASDAQ +1.83 SP500 +2.23 NASDAQ Adv/Vol/Dec 1501/740 mln/954 NYSE Adv/Vol/Dec 1911/360 mln/957

11:00 am : Choppy trade has taken the S&P 500 to its lowest level of the session. It is still in higher ground, though.

Financial issues have fallen under a marked fit of weakness in recent action. The sector is now down 0.2% as the likes of JPMorgan Chase (JPM 37.77, -0.38) and Goldman Sachs (GS 134.95, -0.88) cause a drag. The sector's relative weakness this session contrasts its leadership in the prior session, when financials surged more than 4%, collectively. DJ30 +35.12 NASDAQ +4.55 SP500 +1.70 NASDAQ Adv/Vol/Dec 1464/610 mln/936 NYSE Adv/Vol/Dec 1781/305 mln/1048

10:35 am : The US Dollar Index pushed off of session lows of 83.703 and moved back into positive territory, creating selling pressure in gold and silver.

August natural gas was trading in positive territory overnight, but fell sharply around the open of pit trading into the red and to new session lows of $4.54 per MMBtu. Natural gas quickly recovered most of those losses, but was sitting near the flat line at $7.57 per MMBtu ahead of inventory data. Following the data, which showed a build of 78 bcf versus consensus of a build of 70 bcf, natural gas fell sharply to fresh session lows of $4.42 per MMBtu and is now trading right at that level.

August crude oil traded modestly higher for the overnight and morning session before rallying around 8:00am ET to new session highs of $75.88 per barrel. In recent trade, crude pulled back very modestly due to the recent strength in the dollar index, but quickly reversed to new session highs of $75.89 per barrel. in current activity, crude is trading near those highs at $75.72 per barrel, up 2.2%.

August gold and September silver moved into negative territory and falling to fresh session lows, due to recent strength in the dollar index, with gold hitting $1190.20 per ounce and silver hitting
DJ30 +72.65 NASDAQ +14.64 SP500 +6.68 NASDAQ Adv/Vol/Dec 1733/461.9 mln/628 NYSE Adv/Vol/Dec 2165/233.5 mln/614

10:00 am : Stocks have surrendered a chunk of their opening gains, but the major equity averages remain in positive territory amid broad-based support.

All 10 major sectors are still in higher ground. Consumer discretionary stocks are in the weakest shape, though. The sector is up just 0.2% as shares of retailers (-0.5%) weigh on the sector following some rather underwhelming same-store sales reports.

Advancing Sectors: Industrials (+1.2%), Energy (+0.7%), Tech (+0.6%), Consumer Staples (+0.6%), Health Care (+0.6%), Financials (+0.6%), Utilities (+0.5%), Materials (+0.4%), Telecom (+0.2%), Consumer Discretionary (+0.2%)
Declining Sectors: (None) DJ30 +65.39 NASDAQ +9.62 SP500 +5.72 NASDAQ Adv/Vol/Dec 1612/276 mln/656 NYSE Adv/Vol/Dec 2032/146 mln/646

09:45 am : The stock market has put together a strong open amid broad-based buying. The early advance has stocks on track for their best back-to-back performance in more than one month.

Commodities are also strong in the early going, such that the CRB Commodity Index is up 0.8%. Higher oil prices are the primary reason for the CRB's gain -- futures contracts currently price crude oil 2.2% higher at $75.70 per barrel ahead of its weekly inventory data at 11:00 AM ET.

The generally positive tone to trade has caused traders to turn against Treasuries. That has sent the benchmark 10-year Note markedly lower, such that its yield is now back above 3.0%. DJ30 +86.50 NASDAQ +17.65 SP500 +8.33 NASDAQ Adv/Vol/Dec 1767/159 mln/425 NYSE Adv/Vol/Dec 2271/95 mln/366

09:15 am : S&P futures vs fair value: +7.60. Nasdaq futures vs fair value: +8.00. Momentum from the prior session's surge had stalled overnight, though most foreign markets followed Wall Street's lead overnight, but stock futures now suggest that an opening gain is in order. The improved tone to premarket trade came on the back of a weekly jobless claims report that featured a slightly lower-than-expected initial claims count and a drastic drop in continuing claims to the lowest level in almost 20 months. The IMF's increased forecast for 2010 global GDP growth has also been a positive influence. Corporate news flow has been largely limited to the latest lot of monthly same-store sales results, which have been generally mixed. Still to come this morning are the latest weekly inventory figures for natural gas and crude oil (10:30 AM ET and 11:00 AM ET, respectively). Consumer credit data for May is due in the afternoon (3:00 PM ET).

09:00 am : S&P futures vs fair value: +6.80. Nasdaq futures vs fair value: +7.00. Futures for the S&P 500 suggest that a strong start is in order for the domestic market. Meanwhile, Europe's major bourses have already put together impressive gains of their own. In particular, Germany's DAX is up 1.0%. It is currently led by Deutsche Bank (DB). In France, the CAC has climbed 1.8%, which follows a 1.8% spike on Wednesday and a 2.7% surge on Tuesday. The French index is now up more nearly 6% week-to-date. In its latest round of trade, Danone and EDF are the only two components in the 40-member index that have failed to stage a gain. Britain's FTSE has made its way up 2.1% so that it now sports a week-to-date gain of more than 5%. Though the latest advance has been broad based, banks and energy plays primary leaders. In economic news, the Bank of England kept its benchmark interest rate at 0.50% and left its asset repurchase program at 200 billion pounds. Both decisions had been expected. The European Central Bank also issued its latest rate decision, which was to keep its benchmark rate at 1.00%, as expected. The International Monetary Fund made headlines with an increase to its 2010 world GDP projection to 4.6% from 4.2%. Its overall forecast for 2011 was kept steady at 4.2%, but it lowered its 2011 forecast for the euro area. In Asia, Japan's Nikkei surged 2.8% in its latest round of trade. Of its 225 members, only Fast Retailing, Shionogi & Co., and Yahoo Japan Corp. logged losses. Hong Kong's Hang Seng gained 1.0% overnight. It was led by HSBC (HBC). Mainland China's Shanghai Composite went a separate way by losing 0.3%. Its declining issues outnumbered its advancers by 2-to-1. China Life Insurance, China Pacific, and China Construction Bank were primary sources of weakness. PetroChina (PTR) was also weak, but China Petroleum (SNP) traded with strength.

08:35 am : S&P futures vs fair value: +5.30. Nasdaq futures vs fair value: +5.30. Stock futures have moved up to their best levels of the morning following the latest weekly jobless claims figures. Specifically, initial jobless claims for the week ended July 3 totaled 454,000, which is on par with the 460,000 initial claims that had been expected, on average, by a sample of economists polled by Briefing.com. The latest initial claims count was down 21,000 week-over-week. Meanwhile, continuing claims fell 224,000 week-over-week to 4.41 million, which is the lowest continuing claims count in almost 20 months.

08:00 am : S&P futures vs fair value: +1.30. Nasdaq futures vs fair value: -2.00. The stock market surged more than 3% in its best performance of the past month during the prior session. That set the stage for overnight buying by many overseas markets, which have also digested news that the International Monetary Fund raised its 2010 estimate for world growth to 4.6% from 4.2%, but left its forecast for 2011 unchanged. However, domestic stock futures suggest that momentum has slowed at home, where premarket participants are assessing the latest lot of same-store sales figures. Results from retailers have been a bit mixed, so far. Also on the radar is the latest tally of weekly jobless claims, scheduled for the bottom of the hour. The latest in natural gas and crude oil inventories will be released at 10:30 AM ET and 11:00 AM ET, respectively. Consumer credit figures for May come shortly before the close of trade (3:00 PM ET).

06:38 am : S&P futures vs fair value: +0.60. Nasdaq futures vs fair value: -3.30.

06:38 am : Nikkei...9535.74...+256.10...+2.80%. Hang Seng...20050.56...+193.50...+1.00%.

06:38 am : FTSE...5070.44...+55.60...+1.10%. DAX...6010.32...+17.50...+0.30%.

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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