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 Post subject: November 24th Wednesday 2010 Emini TF ($TF_F) points +6.10
PostPosted: Wed Nov 24, 2010 8:57 pm 
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Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no indicators)

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Quote:
The big move first occurred in the overnight trading session around 0500am est and the Russell 2000 Emini TF futures and other future markets produced a trend day with very few trade opportunities as Long positions. My first and last trade were my best trades of the day. However, the first trade was an early exit due to using the wrong chart interval for my profit target. As for the last trade it exploited the 4pm est rush hour traffic price action when volatility showed up.

Trade Performance for Today: +6.10 points or $610 dollars in the ICE Russell 2000 Emini TF ($TF_F) Futures.
1 tick or 0.10 = $10 dollars and to find out more contract information about the Russell 2000 Emini TF...click here.

In addition, today's #FuturesTrades chat room logs provides details about each trade from entry to exit along with commentary as the trade traversed...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=83&t=686

Also, posted below are direct links to information about my trade methodology and trading plan (there's a difference between the two) 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/bar analysis).

Image WRB Analysis Tutorials @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm and there's a free study guide of the WRB Analysis Tutorial Chapters 1, 2 and 3 @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=119. However, you must join the TSL Support Forum to access the free study guide. To register...click here.

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

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=125&t=825

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Image Market Summaries

The below summaries by Bloomberg, CNNMoney and Yahoo! Finance helps me to do a quick review of the fundamentals, FED actions, global economics that had an impact on today's price action. Simply, I'm a strong believer that many variables causes key changes in supply/demand and volatility that's arguably just as important as my technical analysis.

Image CNNMoney.com - Stocks End With A Bang After Jobless Claims Drop
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By Blake Ellis, staff reporter
November 24, 2010: 4:50 PM ET

NEW YORK (CNNMoney.com) -- U.S. stocks rallied more than 1% Wednesday after a huge drop in unemployment claims signaled some signs of life in the depressed labor market.

"Other indicators will bump markets up and down, but employment continues to be the major focus," said Michael Gault, a senior portfolio strategist at Weiser Capital Management.

A drop in new home sales, a dour durable goods order report and ongoing worries about the eurozone couldn't stop the momentum.

"Right now the market is celebrating a better-than-expected jobless claims number," Gault said.

The Dow Jones industrial average (INDU) jumped 151 points, or 1.4%, the S&P 500 (SPX) rose 18 points, or 1.5%, and the Nasdaq (COMP) climbed 48 points, or 1.9%.

Gains were broad based, with all but three Dow components in the black. Boeing (BA, Fortune 500), United Technologies (UTX, Fortune 500) and American Express (AXP, Fortune 500) were among the biggest gainers on the blue-chip index. Tech stocks were also having a nice run with Amazon.com (AMZN, Fortune 500) and Sandisk (SNDK) logging big gains.

Stocks got slammed Tuesday -- with all three major indexes losing about 1.4% -- amid a trifecta of bad news: violence on the Korean peninsula, expanding concerns about Europe's debt crisis, and the Federal Reserve's bleak outlook.

The holiday-shortened week packed Wednesday's session with a full docket of economic reports, but trading is expected to be light -- and volatile -- with many on Wall Street taking a four-day weekend.

Financial markets will be closed Thursday and will close at 1 pm ET on Friday.
0:00 /2:37Behind Walmart's Black Friday warplan

After the holiday, investors will be focusing on how retailers fare on Black Friday. It's considered the first shopping day of the critical holiday retail period, and a key barometer of how the next six weeks will pan out.

World markets: Global markets, which sparked Tuesday's sell-off, stabilized overnight as investors moved beyond Korea and welcomed a bailout package for Ireland.

European stocks closed sharply higher. Britain's FTSE 100 gained 1.4%, the DAX in Germany rose 1.8% and France's CAC 40 ticked up 0.6%.

Asian markets ended mixed. The Shanghai Composite gained 1.1% and the Hang Seng in Hong Kong rose 0.6%, while Japan's Nikkei dropped 0.8%.

* Europe's new contagion worries

But in the wake of a deal to rescue the Irish banking sector, attention is now shifting to Portugal and Spain, both of which are far from out of the woods.

"Global markets are appreciating the bailout as it stands right now, but they're not overly exuberant until they see what it means for other European countries that are in similar positions," said Gault.

Economy: Investors had a full plate of economic data to sort through Wednesday.

Jobless claims garnered the most attention. The number of Americans filing for unemployment benefits totaled 407,000 last week, according to the Labor Department. The Briefing.com consensus of economists had forecast 442,000.

"Encouragement is being taken from this jobless claims report," said Matt Kaufler, equity strategist at Federated Clover Investment Advisors. "While unemployment is still high, people are thinking that we've probably seen the peak and we're going to start a slow descent downward."

Another upbeat report came out after the market opened. The University of Michigan Consumer Sentiment Index rose to its highest level since June in its final reading for November. Economists had expected little change in sentiment.

Among other data, the Commerce Department reported a surprising decline in orders for durable goods for October.

The government said orders for items meant to last three years or more slipped 3.3%. Economists polled by Briefing.com had projected orders would increase by 0.4% in October.

The Commerce Department also released the latest data on personal income and spending. Personal income rose 0.5% in October, slightly outpacing the expected increase of 0.4% forecast by a consensus of economists.

Personal spending rose 0.4% in October, falling short of expectations, which called for a 0.6% increase.

* Stock portfolio makeover: Buy, sell or hold

After the start of trading, the Commerce Department reported that new home sales dropped 8.1% in October. Analysts had expected an increase. While the number of new homes on the market is 202,000, there's about a nine-month supply in the pipeline, at the current sales rate.

Companies: Business software maker SAP (SAP) said after Tuesday's close that it has been ordered to pay $1.3 billion to Oracle for copyright infringement by its now-defunct software maintenance unit. Oracle (ORCL, Fortune 500)'s stock rose 2%.

Deere (DE, Fortune 500), the tractor and lawn mower maker, reported earnings per share of $1.07, topping analyst expectations. Shares edged modestly lower.
0:00 /1:15Tiffany shows its sparkle

High-end jewelry chain Tiffany & Co (TIF). reported earnings of 46 cents per share, topping the 37 cents expected by analysts. Shares of Tiffany gained 5%.

Currencies and commodities: The dollar rose against the euro and the Japanese yen, and was flat versus the British pound.

Oil for January delivery rallied $2.61 to settle at $83.86 a barrel.

Gold futures for December delivery fell $4.60 to settle at $1,373 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury dropped, pushing the yield up to 2.92% from 2.76% late Tuesday.

Image

Image Yahoo! Finance - Market Update

4:30 pm : A barrage of economic reports ahead of the Thanksgiving holiday brought about a strong, broad-based buying effort that helped stocks recover from the prior session's precipitous drop.

A very modest bid was made for stocks ahead of the open as market exercised caution after the S&P 500 fell 1.4% yesterday. Preliminary buying interest was partly rekindled by a rebound among Europe's major bourses after a strong business climate reading out of Germany helped overshadow the widening of yield spreads on the debt of countries in the European Union periphery.

Support picked up amid news that the latest initial jobless claims count fell 34,000 week-over-week to a two-year low of 407,000, which is less than the 442,000 initial claims that had been widely expected among economists polled by Brieifng.com. Continuing claims set their own two-year low at 4.18 million, down from 4.32 million in the prior week.

The improvement in jobless claims generally overshadowed disappointing durable goods orders data for October. Total orders declined 3.3%, which is worse than the 0.3% decline that had been widely expected. Orders less transportation fell 2.7%, which contrasts sharply to the 0.4% increase that had been expected by many. The rather poor orders readings for October come after overall orders for September increased 5.0% and orders less transportation increased 1.3%.

Less attention was paid to personal income and spending for October. Income increased 0.5%, which is slightly stronger than the expected increase of 0.4%. Spending increased 0.4%, but that was a bit softer than the 0.6% increase that had been expected. In the prior month income was flat and spending had increased 0.3%.

Once trade opened and stocks made a nice gap up, buying was further bolstered by the final Consumer Sentiment Survey for November from the University of Michigan. It improved to 71.6 after a preliminary reading of 69.3. However, enthusiasm for that report was offset by news that new home sales for October fell 8.1% month-over-month to an annualized rate of 283,000 units, which is less than the 314,000 units that had been broadly forecast by economists polled by Briefing.com.

Buyers took little time before they redoubled their efforts and sent stocks another leg higher. The S&P 500 spent the afternoon moving sideways and consolidating gains before moving to within reach of the 1200 line at the close.

In complete contrast to the prior session, more than 90% of the names in the S&P 500 staged gains. Airline shares made some of the richest moves. They advanced 3.7%, according to the Amex Airline Index.

A 2.6% gain made retailers relative leaders for the third straight session. Guess? (GES 50.12, +4.78) and Tiffany & Co. (TIF 61.33, +3.06) were standouts following their upside earnings surprises and forecasts. GES complemented its announcement with a special dividend.

Share volume was rather light as fewer than 900 million shares were traded on the NYSE. The low total precedes tomorrow's Thanksgiving holiday, for which U.S. markets will be closed before re-opening Friday for a half day.

Advancing Sectors: Industrials (+2.1%), Consumer Discretionary (+2.0%), Materials (+1.8%), Energy (+1.7%), Tech (+1.7%), Financials (+1.6%), Health Care (+0.8%), Consumer Staples (+0.7%), Telecom (+0.5%), Utilities (+0.4%)
Declining Sectors: (None)DJ30 +150.91 NASDAQ +48.17 NQ100 +2.1% R2K +2.3% SP400 +2.1% SP500 +17.62 NASDAQ Adv/Vol/Dec 2089/1.64 bln/556 NYSE Adv/Vol/Dec 2489/829 mln/509

3:30 pm : Higher energy prices helped the CRB Commodity Index advance 1.6% after it had suffered three straight losses. The CRB is still down more than 5% from the two-year high that it set earlier this month.

Oil stood out among commodities this session. The energy component posted a 3.2% gain, even though crude oil inventories for the week ended November 19 had a build of 1.03 million barrels compared with the consensus call for a draw of 2.00 million barrels.

Natural gas prices overcame an early loss of more than 1% to finish with a 0.8% gain at $4.25 per MMBtu. Buying was helped by news of a greater-than-expected build of 6 bcf for inventories in the week ended November 19.

Precious metals had a lackluster session. Specifically, gold prices finished with a 0.3% loss at $1373.00 per ounce and silver prices settled 0.1% lower at $27.54 per ounce. DJ30 +154.70 NASDAQ +48.23 SP500 +17.58 NASDAQ Adv/Vol/Dec 2051/1.32 bln/575 NYSE Adv/Vol/Dec 2454/570 mln/520

3:00 pm : Stocks continue to drift sideways in afternoon trade. Though that makes for rather anticlimactic action, this session's strong gains have remained steady and have also been able to consolidate.

Just an hour remains before the close. As a reminder, U.S. markets will be closed tomorrow for Thanksgiving and then re-open for just a half day on Friday. DJ30 +143.53 NASDAQ +45.90 SP500 +16.01 NASDAQ Adv/Vol/Dec 2037/1.21 bln/591 NYSE Adv/Vol/Dec 2421/525 mln/545

2:30 pm : Just ahead of the end of pit trade oil prices were quoted with a 3.3% gain at $83.90 per barrel and natural gas prices were at $4.27 per MMBtu, up 0.1%. Those gains have helped the CRB Commodity Index stage a 1.5% gain, which follows three straight losses that took the CRB below its 50-day moving average.

Outside of commodities, stocks continue to trade with heady gains. More specifically, both the S&P 500 and the Dow are up in excess of 1% and the Nasdaq Composite is up close to 2%.

Meanwhile, the dollar has returned to positive territory since slipping earlier this session. It is currently up just 0.1% against competing currencies. DJ30 +143.91 NASDAQ +46.38 SP500 +16.21 NASDAQ Adv/Vol/Dec 2018/1.12 mln/593 NYSE Adv/Vol/Dec 2434/490 mln/530

2:00 pm : The stock market continues to trade along its high for the day. Buying remains strong, but there hasn't been a whole lot of share volume behind the effort. To be fair, though, share volume hasn't been anemic either.

A half billion shares have yet to be traded on the NYSE today. However, the pace of action could pick up into the close as many traders prepare to exit positions ahead of the Thanksgiving holiday on Thursday and the half day of trade on Friday. DJ30 +143.53 NASDAQ +46.59 SP500 +16.44 NASDAQ Adv/Vol/Dec 2024/1.06 bln/578 NYSE Adv/Vol/Dec 2444/452 mln/513

1:30 pm : Stocks recently broke free from their recent trading range to notch a new session high. Meanwhile, Treasuries remain under stiff pressure.

Results from a $29 billion auction of7-year Notes have had no impact on Treasuries. The auction drew a yield of 2.25% and a bid-to-cover ratio of 2.63 and an indirect bidder participation rate of 42.2%. For comparison, the prior auction had a bid-to-cover ratio of 3.06 and an indirect bidder participation rate of 50.2%. DJ30 +148.30 NASDAQ +49.79 SP500 +17.08 NASDAQ Adv/Vol/Dec 2020/980 mln/561 NYSE Adv/Vol/Dec 2435/420 mln/514

1:00 pm : Stocks are up with strong gains on the back of a big batch of data, but they have been confined to a narrow trading range near their highs for the day.

Early participants offered stocks only a modest bid as they returned from the prior session's sell-off. Support picked up, though, with the morning release of the latest initial jobless claims count, which fell more than expected to a two-year low of 407,000. At 4.18 million, continuing claims also came in at a two-year low.

Personal income for October increased at a slightly stronger-than-expected clip of 0.5%, but spending increased at a slightly softer-than-expected pace of 0.4%. Core personal consumption expenditures were flat for the month.

The final Consumer Sentiment Survey for November from the University of Michigan also proved pleasing. It improved to 71.6 after a preliminary reading of 69.3.

Durable goods orders for October were displeasing. Total orders decreased a sharper-than-expected 3.3% and orders less transportation made a surprise 2.7% decline.

New home sales for October were also a let down. They fell 8.1% month-over-month to an annualized rate of 283,000 units.

Though some of today's data proved disappointing, the tone of trade has been decidedly positive since the open. In fact, buying has been so strong that more than 90% of the names in the S&P 500 are in higher ground. That comes in complete contrast to the prior session, when more than 90% of stocks logged losses.

Despite the turnaround since yesterday, the stock market has spent the past couple of hours moving sideways, consolidating gains near its session high.

Retailers are relative leaders for the third straight session. The group is currently up 2.3% amid broader market support as well as upside earnings surprises and forecasts from Guess? (GES 49.06, +3.72) and Tiffany & Co. (TIF 61.10, +2.83).

Large-cap tech has also been one of today's best performing groups. Its strength has helped the Nasdaq 100 gain more than 2%. Not to be outdone, small-caps have the Russell 2000 up about 2%.

With stocks in such strong shape, Treasuries have been under stiff and steady pressure. Selling in the 10-year Treasury has the Note's yield up to 2.90%. Results from an auction of 7-year Notes are due at any moment. DJ30 +136.12 NASDAQ +47.42 SP500 +15.71 NASDAQ Adv/Vol/Dec 2023/905 mln/544 NYSE Adv/Vol/Dec 2438/390 mln/496

12:30 pm : Strong, broad-based buying has sent the Volatility Index down more than 8% today. The sharp drop comes after the "Fear Gauge" spiked more than 10% in the prior session.

With stocks up sharply and volatility down, Treasuries are having a hard session. Selling in that space has the benchmark 10-year Note down a full point so that the yield on the Note is creeping back up toward 2.90%. The top of the hour brings results from an auction of 7-year Notes. DJ30 +137.71 NASDAQ +47.59 SP500 +15.77 NASDAQ Adv/Vol/Dec 2028/831 mln/509 NYSE Adv/Vol/Dec 2456/360 mln/467

12:00 pm : The S&P 500 is stuck in the 1194 to 1196 zone. It has been there for more than an hour.

While the broader market remains confined to a narrow trading range, airline stocks have ascended to a 3.1%, according to the Amex Airline Index. That makes the group one of today's best performers. US Airways Group (LCC 11.78, +0.68) is one of the best performing air carriers. Its advance this session has taken the stock back near the top end of its 52-week range. DJ30 +129.38 NASDAQ +46.33 SP500 +14.75 NASDAQ Adv/Vol/Dec 2001/740 mln/512 NYSE Adv/Vol/Dec 2450/325 mln/460

11:35 am : The S&P 500 recently attempted to push through the top end of the 1194 to 1196 zone, but resistance there has kept the benchmark Index from extending its climb. Still, the tone of trade remains decidedly positive as about 93% of the components in the S&P 500 sport gains.

Hewlett-Packard (HPQ 43.85, -0.34) is one of the few issues that has failed to stage a gain. Its slide comes after the blue chip was the only Dow component to book a gain in the prior session. The stock was removed from the Short-Term Buy List at UBS. DJ30 +129.23 NASDAQ +45.94 SP500 +14.81 NASDAQ Adv/Vol/Dec 1993/660 mln/498 NYSE Adv/Vol/Dec 2440/295 mln/443

11:05 am : Stocks are up sharply. Some of the best gains are being made by large-cap tech, which have helped drive the Nasdaq 100 to a 2.1%. Apple (AAPL 314.88, +6.15), which represents close to 20% of the market weight in the Nasdaq 100, is a top performer among large-cap tech issues.DJ30 +128.93 NASDAQ +44.93 SP500 +14.32 NASDAQ Adv/Vol/Dec 1985/531 mln/448 NYSE Adv/Vol/Dec 2425/245 mln/409

10:30 am : Oil prices haven't shown any real reaction to the latest inventory data. That leaves prices at $81.80 per barrel, up 0.6%. Inventories for the week ended November 19 had a build of 1.03 million barrels, which contrasts with the consensus call for a draw of 2.0 million barrels.

Meanwhile, natural gas prices are down 1.5% to $4.20 per MMBtu.

As for precious metals prices, gold was last quoted with a 0.5% loss at $1370.60 per ounce and silver was last seen at $27.22 per ounce, down 1.3%. DJ30 +121.02 NASDAQ +43.48 SP500 +13.88 NASDAQ Adv/Vol/Dec 1946/402 mln/433 NYSE Adv/Vol/Dec 2378/196 mln/425

10:00 am : Stocks have started to gyrate in recent trade. They had begun to ease back from an opening gap higher, but quickly moved another leg higher on the back of some consumer sentiment data only to then surrender the gain.

The final Consumer Sentiment Survey for November from the University of Michigan improved to 71.6 after a preliminary reading of 69.3.

New home sales for October fell 8.1% month-over-month to an annualized rate of 283,000 units, which is shy of the rate of 314,000 units that had been expected among economists polled by Briefing.com. DJ30 +96.65 NASDAQ +30.38 SP500 +10.16 NASDAQ Adv/Vol/Dec 1836/228 mln/418 NYSE Adv/Vol/Dec 2249/130 mln/475

09:45 am : Stocks are up sharply in the early going, but they still have a ways to go before they can fully reclaim the losses suffered in the prior session.

For the third straight session retailers are relative leaders. The group is currently up 1.5%. Most of that move is owed to strength in Guess? (GES 48.75, +3.41) and Tiffany & Co. (TIF 60.95, 2.68), both of which posted upside earnings surprises and forecasts.

In contrast, utilities stocks are trailing the broader market. The defensive-oriented sector's 0.3% gain makes it the worst performing sector in the S&P 500. DJ30 +90.03 NASDAQ +30.40 SP500 +9.56 NASDAQ Adv/Vol/Dec 1826/145 mln/336 NYSE Adv/Vol/Dec 2256/92 mln/430

09:15 am : [BRIEFING.COM] S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +20.20. Stock futures point to a strong start. The tone has been helped by news that the latest weekly initial jobless claims count declined more than expected to a two-year low of 407,000. Continuing claims came down to 4.18 million, which is also a two-year low. That feat has overshadowed generally in-line increases in personal income and spending, and a marked decline in durable goods orders for October. An improved tone in Europe has also helped support the positive tone. Buying there has been boosted by an upbeat German IFO Business Climate reading, which has helped ease ongoing concerns about contagion in the continent. A recent recovery by the euro against the dollar has also been received positively by morning participants. Still to come this morning, though, are the final reading on consumer sentiment for November, the latest in house prices, and monthly new home sales numbers. Results from an auction of 7-year Notes are due this afternoon.

09:05 am : [BRIEFING.COM] S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +18.90. Futures for the S&P 500 continue to trade with strength. Meanwhile, Europe's major bourses have rebounded to varied gains in their latest effort, but wider yield spreads among the debt issues of countries in the European Union periphery indicate that contagion concerns continue. Some distress has been offset by news that the German IFO Business Climate reading came in at 109.3, up from 107.6 in October. Germany's DAX is now up 1.5%. It is currently led by automakers BMW and Daimler (DAI). Weakness is limited to only a few names. SAP and Deutsche Post are atop the short list of laggards. France's CAC is currently up 0.6%. EADS and Air Liquide have provided leadership, though their efforts have been somewhat undermined by energy giant Total (TOT). Energy plays have actually provided a nice boost to Britain's FTSE, which is now up 1.0%. BP Plc (BP) and Royal Dutch Shell (RDS.A) top the list of leaders. Declining issues remain outnumbered by more than 4-to-1. According to data, revisions to third quarter GDP kept GDP at a 0.8% increase. Business investment for the quarter showed a 0.2% decline, exports increased 2.2%, and imports increased 0.7%.

In Asia, Japan's Nikkei recorded a 0.8% loss, which was the result of pent up selling after the index was closed yesterday for holiday observance. TDK Corp and Honda Motor (HMC) were a couple of key sources of weakness. Fast Retailing showed resilience, however. Mainland China's finished 1.1% higher. Health care (+4.3%) was the strongest group, but PetroChina (PTR) was a primary leader at an individual level. Losses were limited as 95% of the Composite's components staged gains. In Hong Kong, the Hang Seng advanced 0.6%. Industrial & Commercial Bank of China provided leadership. Its efforts were complemented by Cheung Kong and Sun Hung Kai Properties. China Mobile and Tencent Holdings failed to find support and, as a result, logged losses.

08:35 am : [BRIEFING.COM] S&P futures vs fair value: +4.30. Nasdaq futures vs fair value: +14.20. Stock futures have pushed higher in the minutes following the latest dose of data. Among the announcements, durable goods orders for October decreased 3.3%, which is worse than the 0.3% decline that had been widely expected after an upwardly revised 5.0% increase for the prior month. Orders less transportation fell 2.7%, which comes in stark contrast to the consensus call for a 0.4% increase by economists polled by Briefing.com. Initial jobless claims for the week ended November 20 totaled 407,000, which is down 34,000 week-over-week and less than the 442,000 initial claims that had been widely expected. Continuing claims came down to 4.18 million from 4.32 million. Separately, personal income increased 0.5% in October. It had been expected to increase 0.4% after no change was recorded for the prior month. Spending for October increased 0.4%, which is weaker than the 0.6% increase that had been expected to follow a 0.3% increase for the prior month. Core personal consumption expenditures were flat for October. It had been expected to make a minor increase of 0.1%.

08:00 am : S&P futures vs fair value: +1.10. Nasdaq futures vs fair value: +6.90. Stock futures have a narrow lead over fair value, though the dollar has gained additional ground against the euro and Europe's major bourses have staged a nice rebound from their steep slide in the prior session. Asia's major averages were more mixed overnight. Among individual names, Guess? (GES) is up sharply ahead of the open as premarket participants react positively to the firm's upside earnings surprise and outlook. The company's report was complemented by a special dividend. Meanwhile, better-than-expected earnings from Deere (DE) have had a more tepid reception. A deluge of data is on its way. The bottom of the hour brings the latest in durable goods orders, personal income and spending, and weekly jobless claims. That is followed by the final November reading on consumer sentiment at 9:55 AM ET, then the latest index on home prices and new home sales tally at 10:00 AM ET. In addition to economic data, weekly oil inventory figures will be released at 10:30 AM ET and natural gas inventory data will be posted at 12:00 PM ET. Results from an auction of 7-year Notes will be unveiled at 1:00 PM ET.

06:33 am : S&P futures vs fair value: +2.00. Nasdaq futures vs fair value: +7.90.

06:33 am : Nikkei...10030.1...-85.00...-0.80%. Hang Seng...23023.8...+127.70...+0.50%.

06:33 am : FTSE...5620.3...+39.00...+0.70%. DAX...6764.6...+59.30...+0.90%.

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/bar analysis)
Price Action Only Trading (no indicators)
Image@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

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