TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
It is currently Thu Mar 28, 2024 6:11 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: December 6th Monday 2010 Emini ES ($ES_F) points +5.50
PostPosted: Tue Dec 07, 2010 9:05 am 
Offline
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Image

Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no indicators)

Attachment:
120610_wrbtrader_PnL_Blotter_Profit.png
120610_wrbtrader_PnL_Blotter_Profit.png [ 76.62 KiB | Viewed 294 times ]

click on the above image to view normal size

Quote:
Today I switched from the Russell 2000 Emini TF futures to trading the S&P 500 Emini ES futures because I'm expecting the volatility and trading at/near key price levels to get worse in the Emini TF when ICE exchange slap on a $70 a month fee to use their data for the Emini TF. However, changing trading instruments is never a problem for me because I watch the Emini ES and many other futures closely as I do the Emini TF. Further, it seems since the ICE exchange purchased the Russell 2000 Emini futures from the CMEGroup the fall of 2008...ICE has destroyed the volatility and that allows 1 - 2 contract trades to control key price levels due to the decreasing institutional involvement.

Trade Performance for Today: +5.50 points or $275 dollars in the S&P 500 Emini ES ($ES_F) Futures.
1 tick or 0.25 = $12.50 dollars and to find out more contract information about the S&P 500 Emini ES...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=84&t=696

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=128&t=854

-----------------------------

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 - Precious Metals Outshine Stocks
Attachment:
dowclose.top[1].png
dowclose.top[1].png [ 21.75 KiB | Viewed 300 times ]

click on the above image to view normal size

By Julianne Pepitone, staff reporter
December 6, 2010: 4:30 PM ET

NEW YORK (CNNMoney.com) -- Precious metals like gold and silver took center stage Monday as few investors showed a willingness to jump into the stock market fray on a day with no major economic news on tap.

Stock trading volume was lower than average, and major indexes ended mixed after drifting around breakeven for most of the day. Stocks were reacting to Fed chairman Ben Bernanke's pessimistic outlook about the nation's economy.

The Dow Jones industrial average (INDU) fell 20 points, or 0.2%, to end at 11,362.19. The S&P 500 (SPX) fell 2 points, and the Nasdaq (COMP) ticked up by 3 points.

Commodities -- especially energy and metals -- surged as stocks drifted. Oil prices are hovering at two-year highs, while silver hit a 30-year record high.

"Stocks and oil had been basically moving in tandem, but oil has started to get ahead of itself," said Andrew Lebow, senior vice president at MF Global. "Crude's near highs we haven't seen since the good old days."

Bernanke's outlook: Bernanke told CBS's "60 Minutes" that it could be 4 or 5 years before the economy is back to a normal unemployment rate. He also said fears of inflation are overstated, and that the central bank could resort to another round of stimulus by buying up Treasuries.

* Why employers won't hire

"I don't know why people would be so surprised at that timeline," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "There is no evidence of a solid jobs recovery so far, so what do you expect?"

Friday's government report showed U.S. job growth in November was much slower than expected.

Investors are also looking at talk about a deal involving the Bush-era tax cuts. The reported agreement would extend the cuts for all incomes for two years and would permit the unemployed to file for extended jobless benefits -- a program that expired last week.

* Deal likely on tax cuts - CNN

"Stocks would love more Bush tax cuts, because it would add liquidity," Saluzzi said. "That's great for short-term traders, but traders in it for the long haul realize this isn't fixing any problems. It's continuing to kick the can down the road, which isn't good in the long run."

Currencies and commodities: Precious metals were leading the pack Monday, as wary investors shifted into commodities.

Gold futures for February delivery rose $9.90 -- or 0.7% -- to settle at a record $1,416.10 an ounce. Earlier in the session. the precious metal reached a fresh intraday high of $1,421.20 an ounce.

Silver for March delivery also made strides, hitting a 30-year high of $30.05 an ounce during the trading session before easing off that high to settle at $29.74 an ounce.
0:00 /4:10Red-hot metals could burn investors

Meanwhile, oil for January delivery settled at a new two-year high, edging up 19 cents, to $89.38 a barrel. Crude prices came within spitting distance of $90 earlier in the session.

The dollar was stronger against the euro, the Japanese yen and the British pound.

Companies: Shares of Sprint (S, Fortune 500) jumped to end 6.4% higher after the company said it will start phasing out the Nextel part of its network, known for its push-to-talk phones, in 2013.

Drugmaker Pfizer (PFE, Fortune 500) announced a management shake-up, replacing CEO Jeffrey Kindler with Ian Read, who had been heading the company's global biopharmaceutical operations. Pfizer shares added 0.5%.
0:00 /1:12Pfizer CEO steps down

AOL (AOL) is exploring a break-up of the online services company that could lead to a merger with Yahoo (YHOO, Fortune 500), according to a Reuters report citing sources close to the plans. Shares of Yahoo ended 0.1% lower, while AOL's stock closed up 1.3%.

Kellogg (K, Fortune 500) Chief Executive David Mackay announced that he plans to retire as president effective Jan. 1. The company named chief operating officer John Bryant to succeed Mackay.

A key shareholder of Borders (BGP), hedge fund manager William Ackman of Pershing Square Capital Management, said he is ready to finance a takeover bid for Barnes & Noble (B) for $16 per share, according to a regulatory filing. The news sent shares of Borders soaring to end 28.7% higher, while Barnes and Noble's stock gained 10.6%.

World markets: European stocks ended the session slightly higher. Britain's FTSE 100 added 0.6%, while Germany's DAX and France's CAC 40 ticked up less than 0.1%.

Asian markets ended the session mixed. The Shanghai Composite added 0.5%, the Hang Seng in Hong Kong shaved 0.4%and Japan's Nikkei lost 0.1%.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2.94%.

Image

Image Yahoo! Finance - Market Update

4:15 pm : Stocks fought their way to a fractional gain late in the day as the dollar pulled back, but the effort failed to attract enough support to prevent a flurry of selling in the final few minutes of trade.

Stocks spent most of the session trying to push through moderate selling pressure, which came as some market participants opted to take profits following last week's 3.0% gain by the S&P 500.

Added pressure came in response to the dollar's first advance in four sessions. The greenback was up as much as 0.7% against a basket of competing currencies after Fed Chairman Bernanke stated in a weekend interview that the Fed could provide further stimulus to the economy, if necessary. The dollar was also driven higher as the euro dropped in response to reports of division among European leaders on the matter of increasing Europe's recently announced bailout plan. The euro was also implicated in a downgrade of Hungary's credit rating by analysts at Moody's to Baa3 from Baa1. Hungary's principal currency, the forint, had been down almost 3% before it recovered to a 1.5% loss by the end of the trading day.

As the dollar pared its gain to end the day just 0.3% higher, buyers returned to the stock market so that the S&P 500 finally turned positive. The market's move proved unsustainable, though, as it fell to its first loss in four sessions. The Nasdaq Composite was able to extend its streak of gains to four, though.

Health care stocks made up the worst performing sector of the session. They fell 0.7% as a group, even though Pfizer (PFE 16.80, +0.08) showed strength after its surprise announcement that its CEO will soon retire.

Borders (BGP 1.39, +0.31) led small-cap stocks of the Russell 2000 to a 0.6% gain after Pershing Square stated that it would be prepared to finance, on mutually acceptable terms, an offer by Borders Group to purchase all of the equity securities of Barnes & Noble (BKS 14.69, +1.41) in an all-cash transaction valued at $16 per share.

In other corporate news, MetLife (MET 40.75, +0.61) issued a strong outlook that helped its shares move higher. Still, that was too little to offset weakness in shares of regional banks (-0.4%) and diversified bank (-0.9%). The financial sector still finished with a 0.2% loss.

Energy stocks were the best performers of the session, but the sector's gain was clipped to 0.3% by the close. The sector's relative strength came even though crude oil prices finished higher by just 0.2% at $89.38 per barrel after the commodity had been down for most of the morning and early afternoon. Natural gas had a much stronger session that saw contract prices climb 3.3% to $4.49 per MMBtu.

Outside of the energy complex, silver prices set a new 30-year record at $30.12 per ounce before easing back to $29.74 per ounce for a 1.5% gain. Gold prices were up in pit trade to $1422.40 per ounce before they settled with a 0.6% gain at $1416.10 per ounce. The yellow metal later spiked in electronic trade to a new record high above $1428 per ounce.

Advancing Sectors: Energy (+0.3%), Tech (+0.1%)
Declining Sectors: Health Care (-0.7%), Utilities (-0.5%), Consumer Staples (-0.3%), Financials (-0.2%), Industrials (-0.2%)
Unchanged: Consumer Discretionary, Telecom, MaterialsDJ30 -19.90 NASDAQ +3.46 NQ100 -0.1% R2K +0.7% SP400 +0.0% SP500 -1.59 NASDAQ Adv/Vol/Dec 1522/1.61 bln/1122 NYSE Adv/Vol/Dec 1464/803 mln/1502

3:35 pm : The commodities sector finished higher today, despite sectors being mixed. Soft commodities (+2.4%) and precious metals (+1.6%) led the way higher for commodities. Orange juice was the largest gaining soft commodity after it rallied for 4.8%.

March silver closed higher by 1.5% to $29.74 per ounce. It traded to a fresh 30-yr high at $30.12 in morning trade, but ended well below those highs. Feb gold ended up 0.6% to $1416.10 per ounce. It notched highs at $1422.40, just shy of its all time highs at $1424.30.

Jan natural gas ended up 3.3% to $4.49 per MMBtu. Cold weather is helping increase demand. Prices touched their best levels, at $4.54, since Aug 9. Jan crude oil finished higher by 0.2% to $89.38 per barrel.DJ30 -4.92 NASDAQ +3.91 SP500 -0.66 NASDAQ Adv/Vol/Dec 1513/1.3 bln/1140 NYSE Adv/Vol/Dec 1531/582.9 mln/1438

3:00 pm : The S&P 500 has finally poked into positive territory after it had spent all morning and early afternoon chopping along in the red with a modest loss. The late push comes with only an hour left in trade. Should the gain hold, however modest it may be, the stock market will record its fourth consecutive gain. It has been a month since a similar streak of gains has been booked.

At the same time that the broader market has mustered its way to a fresh session high, Treasuries too are at their best levels of the day. Specific to the benchmark 10-year Note, it is up 19 ticks so that its yield is down to 2.93%DJ30 +0.58 NASDAQ +3.65 SP500 +0.35 NASDAQ Adv/Vol/Dec 1484/1.21 bln/1149 NYSE Adv/Vol/Dec 1509/518 mln/1422

2:30 pm : Oil prices have pushed into positive territory with the arrival of pit trade's close. The energy component was last quoted at $89.60 per barrel, up 0.5%. Natural gas put in a stellar performance as the commodity climbed 3.6% to $4.50 per MMBtu.

The recent run up in energy prices has helped the energy sector extend its lead over the broader market. The energy sector is now up 0.4%, which makes it the best performing sector in the S&P 500. DJ30 -4.50 NASDAQ +0.78 SP500 -1.09 NASDAQ Adv/Vol/Dec 1404/1.11 bln/1209 NYSE Adv/Vol/Dec 1415/480 mln/1505

2:00 pm : The S&P 500 recently tested its session high near the neutral line, but it failed to sustain enough momentum to push into positive territory. It has since eased back a bit so that it continues to trade with a fractional loss. Meanwhile, both the Dow and Nasdaq Composite are sitting just above the flat line.

Part of the stock market's recent uptick comes in response to a downturn in the dollar. The greenback had been up comfortably all morning, but it has since pared its gain so that it is now up less than 0.3% against a basket of competing currencies. DJ30 +2.39 NASDAQ +1.30 SP500 -0.78 NASDAQ Adv/Vol/Dec 1379/1.03 bln/1237 NYSE Adv/Vol/Dec 1378/440 mln/1518

1:30 pm : The Nasdaq and Dow are attempting a push toward positive territory as they approach the neutral line, but the S&P 500 is still down fractionally.

Small-cap stocks have fared quite well this session. More specifically, the Russell 2000 is up 0.4%. It is currently led by book retailers Barnes & Noble (BKS 15.18, +1.90) and Borders (BGP 1.45, +0.37) after Pershing Square stated that it would be prepared to finance, on mutually acceptable terms, an offer by Borders Group to purchase all of the equity securities of Barnes & Noble in an all-cash transaction valued at $16 per share. DJ30 -2.46 NASDAQ +0.50 SP500 -1.30 NASDAQ Adv/Vol/Dec 1377/950 mln/1211 NYSE Adv/Vol/Dec 1321/405 mln/1562

1:00 pm : A mild fit of selling has left stocks to chop along in negative territory today. The action comes after last week's gains are pared and the dollar attracts newfound support.

Coming off of a 3.0% weekly gain, the S&P 500 has been hit with some relatively steady, though moderate, selling pressure. The effort has been broad in that declining issues outnumber advancers by 2-to-1 in the broader market. Renewed strength in the dollar has played a part in the stock market's slip.

The greenback has pulled back a bit from its morning high, but it is still up 0.4% against a basket of competing currencies. Gains by the greenback follow comments from Fed Chairman Bernanke about the Fed's ability to provide further stimulus to the economy, if necessary, along with a drop by the euro following a downgrade on Hungary's credit rating and some division among European leaders on increasing Europe's recently announced bailout plan.

Though the dollar's gain today has hampered stocks, select commodities have caught a nice bid. Specifically, silver prices are up 1.6% to $29.72 per ounce after it set a new 30-year high of $30.11 per ounce in the March contract.

Oil has lagged other commodities for most of the session. The energy component is currently down 0.4% to $88.85 per barrel. Despite that slide, energy stocks have been able to muster a collective gain of 0.2%.

Health care is at the opposite end of the spectrum; it currently trades with a 0.5% decline. Pfizer (PFE 16.92, +0.20) has shown strength, though. The company made a surprise announcement that its CEO will soon retire. That was one of the few material corporate headlines of the day. DJ30 -5.75 NASDAQ -0.98 SP500 -1.59 NASDAQ Adv/Vol/Dec 1285/890 mln/1298 NYSE Adv/Vol/Dec 1267/380 mln/1618

12:30 pm : Financials have fallen under increased pressure in recent trade. Though the sector is not quite back to its session low, it is still down 0.6%, which makes it one of the worst performing sector's of this session.

The financial sector's weakness has been underpinned by REITs. For instance, diversified REITs are down 2.0%, industrial REITs are down 1.5%, and residential REITs are off by 1.3%.

In contrast, specialized finance plays are up 0.4% and insurance brokers are up 0.3% while CME Group (CME 314.79, +3.77) has been an individual leader as its shares press six-month highs. DJ30 -15.29 NASDAQ -3.06 SP500 -2.90 NASDAQ Adv/Vol/Dec 1232/819 mln/1339 NYSE Adv/Vol/Dec 1140/350 mln/1706

12:00 pm : The major equity averages continue to chop along in negative territory with narrow losses. Of the major sectors, only telecom is in higher ground -- it currently trades with a slim gain of 0.1%.

Sprint Nextel (S 4.13, +0.21) is a leader among telecom plays. The stock has won a strong bid after a discussion on CNBC with hedge fund manager David Einhorn revealed he has a long position in the stock. Meanwhile, integrated telecom giant AT&T (T 28.43, -0.06) has been a drag on the sector. DJ30 -15.51 NASDAQ -2.38 SP500 -2.05 NASDAQ Adv/Vol/Dec 1208/746 mln/1351 NYSE Adv/Vol/Dec 1172/318 mln/1656

11:30 am : Stocks have extended their recent retreat deeper into the red. Though weakness has become somewhat widespread, health care stocks are under some of the most pressure.

As a group, health care stocks are down 0.5%. The sector's slide comes largely in response to pressure against biotech stocks, which are collectively down 2.5%. However, pharmaceutical plays have actually attracted support as shares of Pfizer (PFE 17.03, +0.32) push higher in response to the surprise announcement that the company's CEO will soon retire. DJ30 -22.70 NASDAQ -3.80 SP500 -3.00 NASDAQ Adv/Vol/Dec 1179/640 mln/1352 NYSE Adv/Vol/Dec 1107/278 mln/1674

11:00 am : Stocks recently made an upward push that took both the Dow and the Nasdaq into positive territory, but the move lost momentum as the S&P 500 approached the neutral line from the underside. The three major averages are now back in the red with slight losses.

The dollar continues to trade steadily with a solid gain of 0.5%. The bid for the greenback is the first in four sessions. The dollar's doldrums last week led to its worst weekly performance of the past year. DJ30 -10.86 NASDAQ -2.55 SP500 -2.45 NASDAQ Adv/Vol/Dec 1106/525 mln/1387 NYSE Adv/Vol/Dec 1061/233 mln/1700

10:30 am : The dollar index is higher following three consecutive sessions of losses and almost broke through the 80.00 level within the last couple of hours. Despite this strength, most commodities are trading higher, extending notable gains from last week.

After posting 6.5% in gains last week, January crude oil has been chopping around under the unchanged line in morning trade. Currently, the energy component is just under the unchanged line at $89.15 per barrel.

January natural gas, the only commodity in the CRB Index to post a loss last week (lost 1.4% to end at $4.34), rallied around 7:00am ET to new session highs of $4.50 per MMBtu. It remains trading near those current highs and is now up 3.2% at $4.49 per MMBtu.

Precious metals have been higher all session and remain near current session highs (Gold $1420.00, silver $29.975), which were hit overnight. February gold is currently up 0.7% at $1415.70, while March silver is 1.8% higher at $29.79 per ounce.DJ30 -1.06 NASDAQ +0.82 SP500 -0.96 NASDAQ Adv/Vol/Dec 1117/399.0 mln/1315 NYSE Adv/Vol/Dec 1104/184.9 mln/1602

10:00 am : Despite relative strength in early action, tech issues have been imbued by broader market weakness. In turn, the three major indices -- the S&P 500, Dow Jones Industrial Average, and the tech-rich Nasdaq Composite -- are all in the red with similar losses.

Natural resource plays have found favor in the past few minutes, however. As such, energy stocks and materials stocks are fractionally higher. Within the energy sector, oil and gas exploration plays (+0.5%) have been a key source of support while diversified metals and mining issues (+1.7%) have propped up the materials sector.

Advancing Sectors: Energy (+0.1%), Materials (+0.1%)
Declining Sectors: Health Care (-0.5%), Industrials (-0.4%), Financials (-0.3%), Utilities (-0.2%), Consumer Discretionary (-0.2%), Consumer Staples (-0.2%), Telecom (-0.1%), Tech (-0.1%)DJ30 -19.79 NASDAQ -4.29 SP500 -2.78 NASDAQ Adv/Vol/Dec 927/243 mln/1397 NYSE Adv/Vol/Dec 877/125 mln/1808

09:45 am : The broad-based S&P 500 and the blue chips that make up the Dow are down modestly in the first few minutes of trade, but the Nasdaq Composite is flat. The Nasdaq's relative strength stems from early advances by the likes of Google (GOOG 579.90, +6.90), Apple (AAPL 319.75, +2.31), and Cisco (CSCO 19.30, +0.23). Shares of CSCO were actually upgraded by analysts at Oppenheimer ahead of the open.

Amid the flat-to-moderately weak action in the early going, Treasuries have benefited from a solid bid. More specifically, the benchmark 10-year Note is up 15 ticks so that its yield is back at 2.95%. DJ30 -24.37 NASDAQ -1.34 SP500 -2.07 NASDAQ Adv/Vol/Dec 967/145 mln/1304 NYSE Adv/Vol/Dec 912/84 mln/1710

09:15 am : [BRIEFING.COM] S&P futures vs fair value: -3.80. Nasdaq futures vs fair value: -3.80. Stocks staged solid gains last week to come within close reach of the two-year highs that were set a month ago, but moderate weakness ahead of today's open suggests that the broader market will have difficulty extending that advance. Weakness, though moderate, has come in the wake of renewed strength in the dollar. The dollar is currently up 0.6% against a basket of competing currencies. Gains by the greenback follow comments from Fed Chairman Bernanke about the Fed's ability to provide further stimulus to the economy if necessary, but most of its strength is owed to a drop by the euro. The euro's retreat follows news of a downgrade on Hungary and some division among European leaders on increasing Europe's recently announced bailout plan. There really are no other catalysts ahead of the open, given that the economic calendar is empty and that no market-moving corporate news has been made.

09:05 am : S&P futures vs fair value: -4.20. Nasdaq futures vs fair value: -5.30. Despite the dollar's strength this morning, commodities are generally higher. In turn, the CRB Commodity Index is up 0.2%, which adds to last week's 5% gain. The CRB's surge last week made for its best weekly performance of 2010. In the first few minutes of today's pit trade natural gas prices are up 2.6% to $4.46 per MMBtu, but crude oil prices are down 0.3% to $88.90 per barrel. Meanwhile, gold prices are up 0.4% to $1411 per ounce and silver was last quoted with a 1.2% gain at $29.60 per ounce.

08:30 am : [BRIEFING.COM] S&P futures vs fair value: -6.30. Nasdaq futures vs fair value: -9.00. Futures for the S&P 500 continue to grapple with selling pressure as the dollar shows steady strength against competing currencies. Most of the greenback's gain has come against the euro, which is down 1.2% to $1.325 at the moment. In addition to paring some of last week's gain, the euro has been implicated in a downgrade of Hungary's debt by analysts at Moody's Baa3 from Baa1. Meanwhile Hungary's forint has fallen about 2.4% against the U.S. dollar. As for action among equities in Europe, Germany's DAX is down fractionally as Deutsche Bank (DB) and Commerzbank offset strength in Infineon Tech and Volkswagen. Meanwhile, France's CAC has fallen to a 0.4% loss. Financial outfits BNP Paribas and Societe Generale are the primary culprits behind the CAC's drop. Total (TOT) has provided some support, though. In Britain, the FTSE has clung to a 0.3% gain. BP Plc (BP) and Xstrata (XTA) have provided some support, but their efforts have been a bit undermined by weakness in Barclays (BCS).

As for action in Asia, Japan's Nikkei slipped 0.1% even though advancers edged out declining issues, which featured Fanuc and Fast Retailing. The Shanghai Composite closed with a 0.5% gain, despite the fact that declining issues outnumbered advancers by almost 3-to-1. Energy plays PetroChina (PTR) and China Petroleum (SNP) were provided the strength necessary for the advance. Hong Kong's Hang Seng shed 0.4% as China Construction Bank, Bank of China, and Industrial & Commercial Bank succumbed to selling pressure. In contrast, energy giant CNOOC (CEO) successfully staged a strong gain.

08:00 am : [BRIEFING.COM] S&P futures vs fair value: -3.80. Nasdaq futures vs fair value: -6.50. Stock futures are under moderate pressure this morning. Their relative weakness comes amid lackluster action among overseas markets and the dollar's first advance since it tumbled in each of the three previous sessions for a 1.5% weekly loss, its worst weekly performance of the past two months. The greenback's newfound strength follows comments from Fed Chair Bernanke during the weekend that suggested more stimulus can be arranged if the economy fails to respond to previous stimuli. However, Bernanke reiterated that rates could easily be raised if necessary. The economic calendar is empty for today.

06:55 am : S&P futures vs fair value: -5.70. Nasdaq futures vs fair value: -10.50.

06:55 am : Nikkei...10167.23...-11.10...-0.10%. Hang Seng...23237.69...-82.80...-0.40%.

06:55 am : FTSE...5747.17...+1.80...0.00. DAX...6940.94...-8.60...-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/bar analysis)
Price Action Only Trading (no indicators)
Image@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

Phone: +1.708.572.4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr