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 10:02 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: December 20th Monday 2010 Emini TF ($TF_F) points +6.80
PostPosted: Mon Dec 20, 2010 10:57 pm 
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:
122010_wrbtrader_PnL_Blotter_Profit.png
122010_wrbtrader_PnL_Blotter_Profit.png [ 85.39 KiB | Viewed 372 times ]

click on the above image to view today's trading summary

Quote:
I missed a few strong directional price actions that would have netted big profits. Regardless, I did manage to exploit one particular volatility breakout (see last trade in chat log) that resulted as my best trade of the trading day.

Trade Performance for Today: +6.80 points or $680 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
1 tick or 0.10 = $10.00 dollars and to find out more contract information about the Russell 2000 Emini TF...click here.

In addition, today's #FuturesTrades trading 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=709. However, be advised that I'm frequently testing new trade signal methods or new trade management rules (e.g. stop/loss, trailing stops, profit targets, order types, time frames, workstation templates et cetera) after entry of existing profitable trade signal methods. Thus, adapting is a critical variable to my consistent profits along with preventing me from becoming complacent in my trading...this helps avoid trading account drawdowns.

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/viewtopic.php?f=5&t=180.

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 Bloomberg (Youtube) - Most U.S. Stocks Rise on Analyst Recommendations, Energy



Image CNNMoney.com - Stocks end choppy session mixed
Attachment:
122010_Key_Price_Action_Markets.png
122010_Key_Price_Action_Markets.png [ 194.37 KiB | Viewed 352 times ]

click on the above image to view today's price action of key markets

By Hibah Yousuf, staff reporter
December 20, 2010: 4:35 PM ET

NEW YORK (CNNMoney.com) -- U.S. stocks seesawed between small gains and losses Monday but remained in a narrow range at the start of a holiday-shortened week, as investors began to shift their focus to 2011.

The three major indexes closed on either side of the breakeven point. The Dow Jones industrial average (INDU) fell 14 points, or 0.1%, with about 13 of the 30 companies in the blue-chip index in the red. American Express (AXP, Fortune 500), Boeing (BA, Fortune 500) and Wal-Mart (WMT, Fortune 500) were the biggest laggards.

The S&P 500 (SPX) rose 3 points, or 0.3%, to close at the highest level since September 2008. The tech-heavy Nasdaq (COMP) added 7 points, or 0.3%, and finished at the highest level since Dec. 31, 2007.

The three major indexes have been rising to two-year highs during the last few weeks, since President Obama announced the compromise deal on the Bush-era tax rates. Last Friday, the president signed a tax-cut plan into law.

"We've had a pretty good move up in the market that now needs to be digested," said Rob Lutts, chief investment officer at Cabot Money Management. "The market is going through its natural process of backing up a bit."

With many investors getting ready to close their books and escape their desks for the holidays, Lutts expects stocks will continue to trade in a tight range.

"Unless there's any unexpected news, markets should fall into a holding pattern and remain fairly quiet through the holiday period," he said.

Stocks have risen about 5% this month, and are poised for double-digit gains for the year. Investors are already looking ahead to 2011 -- and many have pretty bullish outlooks for the new year.

World markets: European stocks ended higher. Britain's FTSE 100 rose 0.3%, while the DAX in Germany and France's CAC 40 gained 0.5%.

Tensions on the Korean peninsula were escalated after Seoul's planned live-fire drill. North Korea said the drill could spark retaliation, but the country did not act immediately on Monday.

Asian markets ended the session lower. The Shanghai Composite sank 1.4%, the Hang Seng in Hong Kong lost 0.3% and Japan's Nikkei fell 0.9%.

If North Korea levies a full-scale response and starts a war, markets might have a more significant response. "It really depends on how much of Southeast Asia gets involved with this -- where Japan falls in and where China falls in," Russell said.

Companies: E-commerce company eBay (EBAY, Fortune 500) said it has reached a deal to purchase brands4friends.com -- Germany's largest online shopping site -- for about $200 million. "The move is designed to strengthen eBay's position as a leading online fashion destination in Europe," the company said in a written statement. Shares of eBay fell 0.8%.

Consumer food and beverage company Sara Lee Corp. (SLE, Fortune 500) is in talks to sell itself to a Brazilian meat-processing giant JBS SA, according to reports. The companies are sparring over price, however, stalling the deal. Shares of Sara Lee rose 2.5%

AT&T (T, Fortune 500) shares slipped 0.3% after the company said it will pay $1.93 billion for spectrum licenses from Qualcomm (QCOM, Fortune 500). AT&T said the move will bolster its 4G service.

After the closing bell, Adobe Systems (ADBE) reported a profit of $269 million, or 53 cents per share, compared to loss of $32 million, or 6 cents per share, during the same period a year earlier.

The San Jose-based company sales jumped 33% to just over $1 billion during the quarter. Analysts expect the company to report earnings per share of 52 cents on revenue of $988 million. The tech giant also delivered an upbeat forecast.

Shares of Adobe were up almost 7% in after-hours trading.

Currencies and commodities: The dollar fell against the Japanese yen, but edged higher against the euro and the British pound.

Oil for January delivery rose 79 cents to settle $88.81 a barrel.

Gold futures for February delivery rose $6.90 cents to $1,386.10 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged up, pushing the yield down to 3.34%.

Image

Image Yahoo! Finance - Market Update

4:15 pm : Stocks will close mixed with the S&P 500 and Nasdaq holding respective gains of 0.3% and 0.2% while the Dow closed lower by 0.1%. Today's action saw the Nasdaq hit its best level in three years, and the S&P 500 cross 1250 for the first time since September 22, 2008.

Energy was the best performing sector all day, with the S&P 500 Energy Index closing higher by 0.7%. Chesapeake Energy (CHK 25.35, +2.05), Valero Energy (VLO 22.18, +1.10), and Tesoro (TSO 18.37, 0.93) were among the best performers in the space.

Homebuilders were also strong today, ahead of this week's release of November Existing Home Sales, and New Home Sales, which are scheduled to be released on Wednesday and Thursday. Lennar (LEN 18.26, +0.94), DR Horton (DHI 11.80, +0.41), and PulteGroup (PHM 7.26, +0.20) all finished the day with gains.

Shares of AT&T (T 29.14, -0.07) finished the day well off their best levels of the session after the company announced it would purchase Qualcomm's (QCOM 49.49, +0.03) Lower 700 MHz D and E Block unpaired U.S. spectrum licenses. The purchase is expected to improve AT&T's cellular network.

Sara Lee (SLE 17.69, +0.43) was down more than 4% in-premarket trading after reports indicated the company's sale of itself to Brazilian meat company JBS SA was on hold after the two sides failed to agree on a price. The stock shook off the news and closed higher by 2.4%.

Following the Fed's first Permanent Open Market Operations of the day, the 10-yr yield moved off its session low of 3.247%, climbing back to the flat line at 3.33% ahead of the Fed's second Permanent Open Market Operations of the day. After the results of the second POMO of the day were announced sellers reentered the market, pushing the 10-yr yield up to 3.36%. The 2-10-yr spread will end the day steeper near 274.

The dollar ran to its session high just following the open of U.S. equities and remained range between 80.55 and 80.70 for most of the session. Dollar strength pushed the euro lower by 70 pips to 1.3120, and the pound down 20 pips to 1.5510. Dollar/yen failed near 84.00 and will end today's trade near 83.75.

Volume was light, and is expected to remain that way for much of the next two weeks as traders vacation over the holidays. Just less than 830 million shares traded hands on the floor of the New York Stock Exchange. DJ30 -13.78 NASDAQ +6.59 SP500 +3.17 NASDAQ Adv/Vol/Dec 1273/1.71 bln/1383 NYSE Adv/Vol/Dec 1482/829.1 mln/1534

3:30 pm : Commodities finished higher across the board today, led by a 1.9% gain in energy and a 1.4% rally in industrials. The rally in cotton continued today after it gained 2.7% and is closing in on its all time high $1.5723 per pound.

Jan natural gas rallied for 3.4% to close at $4.24 per MMBtu, just shy of its highs at $4.25. Forecasts for below average temps once again boosted prices. Feb crude oil gained 0.8% to end at $89.37 per barrel. It rallied off of its session lows, at $87.73, throughout the session to close just shy of its session highs at $89.57.

Feb gold finished higher by +0.5% to $1385.30, while March silver gained +0.9% to close at $29.36 per ounce. Both metals bounced off of their respective lows to recoup losses and close in positive territory. DJ30 -4.62 NASDAQ +8.68 SP500 +3.61 NASDAQ Adv/Vol/Dec 1433/1.4 bln/1223 NYSE Adv/Vol/Dec 1551/562.7 mln/1427

3:00 pm : Treasuries are near their worst levels of the session following today's second round of Fed buying through its Permanent Open Market Operations. Following both of today's POMOs, Treasuries found sellers exiting the market. After the Fed's first POMO of the day, the 10-yr yield rose off its session low of 3.247%, and found itself hovering near 3.33% before the day's second POMO. The 10-yr yield then climbed to 3.36% following the day's second round of Fed buying. As yields across the curve rose, the 2-10-yr spread steepened to its high of the day near 276. After spending most of the session slightly steeper, the 10-30-yr spread is now unchanged for the day at 110.8.DJ30 +6.47 NASDAQ +13.47 SP500 +4.91 NASDAQ Adv/Vol/Dec 1510/1.22 bln/1122 NYSE Adv/Vol/Dec 1600/506.6 mln/1382

2:25 pm : All three major averages are in positive territory as the Nasdaq leads the gains, trading up 0.6%. The S&P 500 recently crossed 1250 for the first time since September 22, 2008, and is trading higher by 0.5%. Today's action has come on relatively light volume, and a quiet newsflow, as the final two weeks of the year may provide lackluster trade.

Energy stocks are leading the way higher with the S&P 500 Energy Index trading up 0.9%. Today's leaders in the sector include Chesapeake Energy (CHK 25.07, +1.77), Valero Energy (VLO 21.98, +0.90), and Tesoro (TSO 18.25, +0.81). Within the index, 31 of 40 stocks are trading to the plus side. DJ30 +13.39 NASDAQ +14.72 SP500 +6.12 NASDAQ Adv/Vol/Dec 1567/1.13 bln/1061 NYSE Adv/Vol/Dec 1667/464.3 mln/1306

2:00 pm : The major indices are mixed with the S&P 500 and Nasdaq holding gains of 0.3% while the Dow trades lower by 0.1%.

The S&P 500 Homebuilding Index is up close to 1.5% today, and is outperforming the broader S&P 500 index. All three stocks in the index, Lennar (LEN 18.16, +0.84), DR Horton (DHI 11.82, +0.43), and PulteGroup (PHM 7.28, +0.22) are trading in positive territory. Housing data for November will be released this week with Existing Home Sales due out at 10 AM ET on Wednesday, and New Home Sales due out at the same time on Thursday.DJ30 -12.38 NASDAQ +8.15 SP500 +3.33 NASDAQ Adv/Vol/Dec 1412/1.01 bln/1206 NYSE Adv/Vol/Dec 1520/422.4 mln/1430

1:30 pm : It's been a back-and-forth day so far, with the early slide off the open resulting in limited losses mid-morning, followed by a recent bounce that has taken stocks back to their opening highs. Energy, financials and consumer disretionary stocks are outperforming, while health care and consumer staples sectors are underperforming.

Today's choppy action is likely the start of what will be a choppy remainder of 2010, with many participants closing their books for the year and taking vacation around the holidays. This should result in a low-volume trading environment, with few scheduled catalysts of interest. As such, the market is likely to trade on headlines and currency fluctuations.DJ30 -12.53 NASDAQ +9.12 SP500 +3.65 NASDAQ Adv/Vol/Dec 1450/939.2 mln/1177 NYSE Adv/Vol/Dec 1550/394.5 mln/1390

1:00 pm : Stocks are mixed at midday as the Dow trades down 0.2% while the S&P 500 and Nasdaq hold 0.2 gains. Stocks opened higher following a mixed overseas session as the escalation of tensions in Korea caused Asian shares to trade lower, while European stocks were near their best levels of the session at midday. Since, market action has been choppy with the major indices seeing a sell off before rallying to trade near the flat line.

Sara Lee (SLE 17.51, +0.25) is trading in positive territory after being lower by more than 4% in pre-market trading after reports surfaced the company's effort to sell itself had stalled. The stock was weaker on reports that discussions with Brazilian based meat company JBS SA were at a standstill after the companies could not agree on a price. The stock gained 5.2% on Friday when reports of a deal surfaced.

Qualcomm (QCOM 49.68, +0.22) agreed to sell its Lower 700 MHz D and E Block unpaired U.S. spectrum licenses to AT&T (T 29.15, -0.06) for $1.925 billion. The news comes following Qualcomm's announcement that the company would be restructuring and evaluating strategic options related to its FLO TV business, a whole owned subsidiary of the company. Both stocks are trading near 52-week highs.

Industrials are among the weakest performing sectors so far today, trading lower by 0.2%. Shares of Boeing (BA 63.20, -1.83) are leading the sector lower after the chief executive of Qatar Airways said the company may cancel its orders for Boeing's 787 Dreamliner if its delivery sees further delays. The delivery of the dreamliner has been delayed more than a handful of times. Other stocks in the sector leading to the downside include Roper Industries (ROP 77.07, -1.04) and RR Donnelley (RRD 17.37, -0.16).

Treasuries have given up most of their gains following the results of the day's first Permanent Open Market Operations. The Fed purchased $7.79 billion worth of 2018-2020 maturities through its operations. The 10-yr yield is back up to 3.319% after seeing a session low of 3.247%. A second POMO will take place today at 2 PM ET.

The dollar index is back near its best level of the session, testing 80.70. Strength in the greenback has sent the euro lower by 70 pips to 1.3115. After seeing gains earlier in the session, the pound has turned lower, trading down 30 pips near 1.5500. Dollar/yen is lower by 0.15 to 83.82.DJ30 -19.49 NASDAQ +5.07 SP500 +2.45 NASDAQ Adv/Vol/Dec 1396/853.6 mln/1219 NYSE Adv/Vol/Dec 1480/363.1 mln/1440

12:30 pm : Treasuries have eased from their best levels of the session, but are still higher across the curve as the rally that began Thursday afternoon continues for a third consecutive session. Since the rally began on Thursday, the 10-yr yield has fallen 27 basis points from its peak of 3.566% to its current 3.296%. Flattening of the 2-10-yr spread continues to take hold, as the spread has tightened to 270 from last Thursday's high of 288.2 with 293.9 being the all-time steepest of the spread. The 10-30-yr spread remains range bound between 104 and 114, and currently trades 112.DJ30 -24.26 NASDAQ +1.32 SP500 +1.28 NASDAQ Adv/Vol/Dec 1326/769.7 mln/1259 NYSE Adv/Vol/Dec 1407/330.5 mln/1508

12:00 pm : After starting the day higher, the major averages slipped into negative territory, and are struggling to find direction. The Dow is lower by 0.2%, but the S&P 500 and Nasdaq are each up 0.1%. Moody's downgraded several Irish banks "further to last week's five-notch downgrade of the Irish government's bond ratings." Allied Irish Bank (AIB 1.14, -0.09) is -7.3% following the downgrade. More recently, Moody's placed 30 Spanish banks on review for possible downgrade, subsequent to Kingdom of Spain's Aa1 bond rating review.

Volume is likely to be light as we approach the Christmas holiday, which will likely result in some choppy trading conditions. With European sovereign debt concerns still in focus, currency moves will remain a focal point as markets digest ratings agency comments and headlines regarding the extent of problems/progress there.DJ30 -27.85 NASDAQ +2.31 SP500 +0.99 NASDAQ Adv/Vol/Dec 1333/683.3 mln/1219 NYSE Adv/Vol/Dec 1416/297.5 mln/1501

11:30 am : The major indices trade near their lowest levels of the session with the Dow posting a loss of 0.4%.

Industrials are the weakest performing sector so far today, trading lower by 0.4%. Shares of Boeing (BA 63.21, -1.82) are leading the sector lower after the chief executive of Qatar Airways said the company may cancel its orders for Boeing's 787 Dreamliner if its delivery sees further delays. The delivery of the dreamliner has been delayed more than a handful of times. Other stocks in the sector leading to the downside include Roper Industries (ROP 76.96, -1.14) and RR Donnelley (RRD 17.26, -0.28).DJ30 -41.21 NASDAQ -2.56 SP500 -0.73 NASDAQ Adv/Vol/Dec 1223/601.2 mln/1307 NYSE Adv/Vol/Dec 1265/267.4 mln/1613

11:00 am : Stocks have slipped into negative territory with 0.2% losses in the Dow and Nasdaq.

Qualcomm (QCOM 49.65, +0.19) agreed to sell its Lower 700 MHz D and E Block unpaired U.S. spectrum licenses to AT&T (T 29.02, -0.19) for $1.925 billion. The news comes following Qualcomm's announcement that the company would be restructuring and evaluating strategic options related to its FLO TV business, a whole owned subsidiary of the company. Both stocks are trading near 52-week highs. DJ30 -28.88 NASDAQ -5.28 SP500 -0.62 NASDAQ Adv/Vol/Dec 1207/484.5 mln/1304 NYSE Adv/Vol/Dec 1247/222.4 mln/1594

10:35 am : February crude oil sold-off in recent trade following a spike in the dollar index near the top of the hour. This pushed crude below the $88 level as it hit $87.84 per barrel as a new session low. Currently, it's trading down 0.7% at $87.94 per barrel.

Meanwhile, January natural gas only sold-off slightly and remains in positive territory, currently up 0.4% at $4.08 per MMBtu.

Precious metals also sold-off due to the spike in the dollar index. February gold moved lower back to the unchanged line, but has remained in positive territory all session. March silver also fell off a cliff near the top of the hour as is fell into the red for the first time this session. Following the sell-off, silver hit fresh session lows of $28.87 per ounce.

March cotton futures rose limit-up overnight, showing gains of 4 cents (+2.66%) at $1.5412/lb.DJ30 -22.14 NASDAQ -6.30 SP500 -0.75 NASDAQ Adv/Vol/Dec 1180/383.3/1296 NYSE Adv/Vol/Dec 1233/176.2 mln/1563

10:00 am : The major market averages are holding on to small gains after the first thirty minutes of trading. The S&P 500 is setting the pace with a gain of 0.2% while the Nasdaq and Dow lag with a 0.1% rise.

Sara Lee (SLE 17.47, +0.21) is now trading in positive territory after being lower by more than 4% in pre-market trading after reports surfaced the company's effort to sell itself had stalled. The stock was weaker on reports that discussions with Brazilian based meat company JBS SA were at a standstill after the companies could not agree on a price. The stock gained 5.2% on Friday when reports of a deal surfaced. DJ30 +13.70 NASDAQ +5.60 SP500 +2.94 NASDAQ Adv/Vol/Dec 1361/212.6 mln/962 NYSE Adv/Vol/Dec 1554/113.2 mln/1191

09:45 am : Stocks are slightly higher at the start of trading with the S&P 500 and Nasdaq leading the way with a gains of 0.3% while the Dow trails with a gain of 0.1%. Telecom stocks are the best performing sector, trading higher by 0.6% in early action while consumer staples are flat and lag the broader market.

Treasuries have pushed to their best levels of the session with the 10-yr yield lower by 6.2 basis points at 3.262%.

The dollar index is flat at 80.37 causing minimal losses in the euro, with the single currency trading lower by 25 pips at 1.3160. DJ30 +12.37 NASDAQ +7.54 SP500 +3.21 NASDAQ Adv/Vol/Dec 1483/127.2 mln/750 NYSE Adv/Vol/Dec 1725/80.8 mln/950

09:12 am : S&P futures vs fair value: +4.70. Nasdaq futures vs fair value: +6.50. Stock futures point to a modestly higher open as the Santa Claus rally continues. Strength in the U.S. comes following mixed overseas action with Asian stocks sinking (Nikkei -0.9%, Hang Seng -0.3%, Shanghai -1.4%) due to concerns on the Korean Peninsula, and European stocks stronger (FTSE +0.5%, CAC +1.0%, DAX +1.0%) at midday. Sara Lee (SLE) saw a sharp 6% move higher on Friday afternoon on reports that the company could be looking to sell itself. However, the stock is paring some of those gains today, falling 4% in the pre-market as reports that the company's discussion on a sale to Brazilian meat company JBS SA have resulted in a disagreement on price, and that no deal is imminent. Treasuries are near their best levels of the session as buying across the complex has pushed yields lower by 2 to 5.5 basis points. The 10-yr yield is lower by 5.5 basis points to 3.272%. A relatively flat dollar has made for a somewhat muted trade in the foreign exchange markets with the euro lower by 30 pips to 1.3160, and dollar/yen off 0.30 to 83.65.

08:58 am : S&P futures vs fair value: +4.40. Nasdaq futures vs fair value: +5.80.

Treasuries trade at their best levels of the session as buying across the curve has pushed yields lower between 2.5 and 6 basis points. The longer dated maturities are generating the most interest with the 10-yr yield down 6 basis points to 3.268%. The current level of the 10-yr yield may provide some short-term support, with further support near 3.00%. More aggressive buying in the back end of the curve has flattened the 2-10-yr spread to 268.5 to its tightest level in a week. The 10-30-yr is testing the upper band of its 104/114 trading range.

A flat dollar has produced a relatively quiet foreign exchange session as the euro trades down 40 pips near 1.3150. Weakness in euro/swiss has caused the cross to reach an all-time low of 1.2685. Dollar/yen continues to struggle near the 84.00 level, and now trades lower by 0.25 at 83.70.

08:28 am : S&P futures vs fair value: +4.90. Nasdaq futures vs fair value: +7.10.

Stock futures continue to trade near their best levels of the session as the Santa Claus rally continues. The early strength follows some volatility in Asia overnight, with South Korean shares erasing a sharp 1.5% loss to finish down by just 0.3%, after North Korea didn't respond to South Korean military exercises, as it had warned it would. Other markets in Asia finished with more significant losses (Shanghai -1.4%, Nikkei -0.9%, Hang Seng -0.3%).



Trade in Europe has been productive with the major indices posting strong gains (FTSE +0.5%, CAC +1.1%, DAX +1.0%). Perhaps aiding the rally were comments from French Finance Minister Lagarde saying that debt restructuring is not on the agenda in Greece of any other euro zone nation, though that comment should not come as a surprise. While the strength in Europe is broad-based, miners and banks are leading the way. Miners are benefiting from higher commodity prices. Banks are rallying despite the OECD saying Spain must now enact major reforms to improve government finances and create jobs.

07:58 am : S&P futures vs fair value: +4.60. Nasdaq futures vs fair value: +6.50. Stock futures point to a modestly better open, and are sitting at two-year highs. Strength, though moderate, comes amid overnight weakness in Asia following more tensions on the Korean Peninsula, and solid gains at midday in Europe. Asian markets were on edge as South Korea conducted an artillery drill with live fire, but the North failed to respond despite promises to do so. European stocks are strong at midday with gains in excess of 1% across most of the region. There is no data scheduled for today. The Fed will conduct two rounds of its Permanent Open Market Operations. The first round of buying will take place in 2018-2020 maturities with the Fed will buy $7-$9 billion worth. Later in the day, the Fed will hold its second POMO by purchasing $6-$8 billion worth of 2014-2016 maturities.

06:49 am : S&P futures vs fair value: +3.30. Nasdaq futures vs fair value: +3.10.

06:49 am : Nikkei...10216.41...-87.40...-0.90%. Hang Seng...22639.08...-75.80...-0.30%.

06:49 am : FTSE...5901.60...+29.90...+0.50%. DAX...7056.08...+73.60...+1.10%.

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 2 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