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 Post subject: January 10th Monday 2011 Emini TF ($TF_F) points +30.80
PostPosted: Mon Jan 10, 2011 6:44 pm 
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Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
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click on the above image to view today's trading summary

Quote:
I accomplished my trading goals today via lowering my number of trades and increasing the overall position size on the trades. The best trade of the day was a Short position around 1213pm est that netted +2.50 points per contract. If you have any questions about my trading or want to reply about something stated in this message post...click here.

Trade Performance for Today: +30.80 points or $3080.00 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
S&P 500 Emini ES Futures - 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup.
Russell 2000 Emini TF Futures - 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE.

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=86&t=725. 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 whenever market conditions change. 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 and there's a free trade signal strategy @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89 so that you can freely test drive one of our trade strategies with support prior to purchasing the Volatility Trading Report (VTR).

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=128&t=854

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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 Bloomberg (Youtube) - U.S. Stocks Drop as Rebound Fails to Erase S&P 500 Loss



Image CNNMoney.com - Stocks End Lower Amid Eurozone Jitters
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click on the above image to view today's price action of key markets

By Hibah Yousuf, staff reporter
January 10, 2011: 4:29 PM ET

NEW YORK (CNNMoney) -- U.S. stocks came off morning lows but still ended mostly lower Monday following a sell-off in European markets, as investors worried about a possible bailout for Portugal.

The Dow Jones industrial average (INDU) closed down 37 points, or 0.3%. Earlier in the session, the blue-chip index dropped 100 points. The S&P 500 (SPX) shed 2 points, or 0.1%. After spending most of the session in the red, the Nasdaq (COMP) managed to turn higher in the afternoon. The tech heavy index added 5 points, or 0.2%.

"There's a lot of anxiety in the marketplace, with the focus on what's happening overseas," said Bruce McCain, chief investment strategist at Key Private Bank.

Concerns over European debt problems resurfaced as Germany, France and other eurozone countries pressured Portugal to take a bailout to ease its massive debt crisis.

McCain added that the slump could also be part of a small pullback investors have been anticipating following six consecutive weeks of gains.

"We've had a series of very good weeks and now that we're into January, the market is vulnerable to a pullback for the short-term," McCain said.

Meanwhile, investors digested of a slew of corporate merger deals and geared up for the start of fourth-quarter corporate results.

On Friday, stocks dropped after a court ruled against Wells Fargo (WFC, Fortune 500) and U.S. Bancorp (USB, Fortune 500) in a foreclosure case. The ruling sparked a selloff in bank stocks that rippled through the broader market.

The government's latest reading on the labor market also dragged markets lower. The U.S. economy added slightly fewer jobs in December than expected, but the unemployment rate edged lower than economists had anticipated.

That disappointment over the jobs number may continue to trickle into trading this week, said David Jones, chief market strategist at IG Markets.

"There's still an air of caution after the payroll data on Friday," Jones said. "The market had factored in a good number, so anything less than expected is always going to be a disappointment, and shows what a problem U.S. employment really still is going forward."

World markets: European markets fell Monday amid talk that Portugal is being pressured to take a bailout package to stop the spread of eurozone debt. Investors are also preparing for government bond auctions in Portugal, Spain and Italy this week.
Europe is the market's biggest wild card in 2011

"Markets are worrying that the European debt crisis is coming back again," Jones said. "[Portugal] is denying that they need [a bailout], but we saw that with Greece and Ireland as well before they got bailouts."

Britain's FTSE 100 closed down 0.5%, the DAX in Germany lost 1.2% and France's CAC 40 dropped 1.5%.

Asian markets ended lower. The Shanghai Composite fell 1.7% and the Hang Seng in Hong Kong slipped 0.7%. Japan's market was closed for a holiday.

Companies: Shares of Sara Lee (SLE, Fortune 500) jumped 4.5% on reports that Apollo Global Management and other private equity firms are looking into acquiring the food company.

Chemical maker DuPont (DD, Fortune 500) said Sunday it will buy Danisco, a Danish enzyme and food ingredients company, for $5.8 billion in cash. Shares of DuPont slipped 1.5%.

Shares of Progress Energy (PGN, Fortune 500) fell 1.6% after Duke Energy (DUK, Fortune 500) said it will buy the fellow power company for $13.7 billion in stock. Shares of Duke Energy fell 1.2%.

Shares of Standard Microsystems (SMSC) dropped almost 10% after the chip maker announced it is buying rival Conexant (CNXT) for $284 million. Conexant's stock jumped 14.3%.

Playboy's (PLA) stock surged more than 17% after founder Hugh Hefner signed an agreement to take his publicly traded company private. Hefner, who already owns a substantial amount of the adult magazine publisher's shares, has entered an agreement with Icon Acquisition Holdings to pay $6.15 per share for the portion of Playboy Enterprises that he does not own.

Shares of Strayer Education (STRA) sank 23% after the for-profit college said winter new student enrollment dropped 20% from a year ago. For-profit education stocks including Devry (DV), Washington Post (WPO, Fortune 500) and Apollo Group (APOL) were among the biggest losers in the S&P 500.

Shares of General Motors (GM) fell 1% after the plug-in Chevrolet Volt was named North American Car of the Year at the Detroit Auto Show.
0:00 /01:22Automakers revamped and revitalized

Meanwhile, shares of Ford (F, Fortune 500) were up 0.2% after Ford Explorer was voted Truck of the Year, and the automaker announced it will add more than 7,000 new hourly and salaried jobs in the United States over the next two years.

Alcoa (AA, Fortune 500), the first Dow component to report fourth-quarter results, posted its highest quarterly earnings in more than two years and topped forecasts. The aluminum maker earned 21 cents per share during the quarter, on revenue of $5.7 billion. Analysts were expecting 19 cents per share, according to analysts surveyed by Thomson Reuters.

Economy: No major economic reports were scheduled Monday.

Currencies and commodities: The dollar lost ground against the euro, the British pound, and the Japanese yen.

Oil for February delivery edged up $1.22 to settle at $89.25 a barrel.

Gold futures for February delivery rose $5.20 to settle at $1,374.10 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 3.30% from 3.33% late Friday.

Image

Image Yahoo! Finance - Market Update

4:15 pm : Stocks settled the first session of the new week in mixed fashion after starting on a soft note. Tech helped improve the tone of trade.

Overseas markets moved lower overnight and early this morning. Their losses came in conjunction with a drop in China's trade balance to $13.1 billion in December from $22.9 billion in the prior month and persistent speculation about the possibility of additional bailouts in and around the eurozone.

There was no domestic data this morning. Headlines related to merger and acquisition activity comprised most of the corporate news, but the broader market was generally unenthused about the deal making. Still, Playboy (PLA 6.09, +0.89) got a nice pop after it was learned that the company will be taken private for $6.15 per share. Duke Energy (DUK 17.58, -0.21) announced plans to acquire Progress Energy (PGN 43.99, -0.73) in a stock transaction that values PGN at $46.48 per share, a premium of about 4% over PGN's closing price last week.

Education providers were hit with some of the hardest selling this session. The group gave up more than 7% after Strayer Education (STRA 118.60, -34.64) trimmed expectations for 2011 on Friday after trade had closed for the weekend.

Tech stocks had a choppy start, but a bid for semiconductors (+1.0%) helped the group recover. The sector's gradual grind higher helped push the Nasdaq Composite into positive territory for a modest gain and gave the Nasdaq 100 a 0.3% gain.

An improved tone among traders helped volatility cool after the Volatility Index (VIX) had spiked almost 9% to come within reach of its 50-day moving average and set its highest level in a month.

Oil prices ended 1.4% higher at $89.25 per barrel. Prices were helped by news that the Trans Alaska Pipeline, which carries close to 15% of the United State's oil output, was closed for a leak. The pipeline is partly owned by BP (BP 46.03, -0.05), Exxon Mobil (XOM 75.15, -0.44), ConocoPhillips (COP 66.88, -0.23), and Chevron (CVX 90.41, -0.78).

Earnings season unofficially gets under way with this evening's report from Dow component Alcoa (AA 16.49, +0.07). Reports really don't pick up in earnest until next week, though.

Advancong Sectors: Tech (+0.1%), Industrials (+0.1%), Materials (+0.1%)
Unchanged: Consumer Discretionary, Consumer Staples
Declining Sectors: Financial (-0.3%), Energy (-0.4%), Health Care (-0.4%), Utilities (-0.6%), Telecom (-1.0%)DJ30 -37.41 NASDAQ +4.63 NQ100 +0.3% R2K +0.5% SP400 +0.6% SP500 -1.75 NASDAQ Adv/Vol/Dec 1448/1.87 bln/1179 NYSE Adv/Vol/Dec 1543/953 mln/1458

3:30 pm : Commodities, for the most part, finished higher on the day. Industrials closed flat on the day, but energy (+1.5%), grains (+0.9%), and precious metals (+0.7%) were the largest advancing sectors.

Heating oil futures rallied for 2.8% to lead the way for the energy sector. Feb crude oil added 1.4% to settle at $89.25 per barrel. News over the weekend that the Trans Alaska pipeline, which carries close to 15% of the United State's oil output, sent futures higher in overnight trade. Crude oil traded to its highest levels in overnight trade, at $89.98, as a result of this news but was unable to take that level out in pit trade. Feb natural gas ended lower by 0.3% to $4.40 per MMBtu.

Feb gold ended higher by 0.4% to $1374.10 per ounce, while March silver gained 0.9% to finish at $28.86 per ounce. Both metals retraced morning selloffs, helped by weakness in the dollar inde, in afternoon trade to close modestly better. DJ30 -25.39 NASDAQ +8.64 SP500 -0.12 NASDAQ Adv/Vol/Dec 1514/1.5 bln/1109 NYSE Adv/Vol/Dec 1592/682.4 mln/1389

3:00 pm : The broader market is attempting to push to fresh session highs, but leadership remains lacking. In contrast, mid-cap plays continue to put on a relatively impressive performance that has left the S&P 400 to sport a 0.6% gain. Mid-cap stocks are currently led by SRA International (SRX 26.07, +1.76), Tibco Software (TIBX 20.81, +1.33), and Skyworks (SWKS 31.79, +1.55).DJ30 -38.64 NASDAQ +3.04 SP500 -1.91 NASDAQ Adv/Vol/Dec 1381/1.40 bln/1237 NYSE Adv/Vol/Dec 1443/628 mln/1515

2:30 pm : Led by the likes of Apple (AAPL 341.55, +5.43), Adobe (ADBE 32.65, +0.61), and Dell (DELL 14.07, +0.09), the Nasdaq has fully erased its loss for the session. However, it has yet to garner the momentum necessary to push past resistance at the neutral line. Microsoft (MSFT 28.21, -0.39), Cisco (CSCO 20.75, -0.22), and Celgene (CELG 56.88, -2.28) have hampered the Composite.DJ30 -46.36 NASDAQ +0.57 SP500 -2.75 NASDAQ Adv/Vol/Dec 1296/1.28 bln/1312 NYSE Adv/Vol/Dec 1354/580 mln/1589

2:00 pm : The industrial sector is now up to a 0.2% gain. It has been outperforming the broader market for the entire session.

Industrial stocks are currently led by rail carrier Union Pacific (UNP 98.01, +2.83), which is at a record high. There is no news driving that move.

Telecom is still at the opposite end of the spectrum. The sector has been dragged down by integrated play AT&T (T 28.28, -0.57), which has extended its recent downturn after it was hit with an analyst downgrade.DJ30 -39.92 NASDAQ +1.89 SP500 -2.08 NASDAQ Adv/Vol/Dec 1350/1.19 bln/1251 NYSE Adv/Vol/Dec 1405/537 mln/1539

1:30 pm : The broader market has had a hard time getting out of negative territory, but strength among large-cap tech has lifted the Nasdaq Composite to the neutral line and even pushed the Nasdaq 100 to a 0.2% gain.

Small-cap and mid-cap stocks have also caught a bid. In turn, the Russell 2000 is up 0.2% while the S&P 400 is up 0.4%.

The improved tone among stocks has caused Treasuries to trip. The benchmark 10-year Note is now flat so that its yield is back above the 3.30% line. DJ30 -35.32 NASDAQ -0.53 SP500 -2.13 NASDAQ Adv/Vol/Dec 1233/1.10 bln/1341 NYSE Adv/Vol/Dec 1324/500 mln/1605

1:05 pm : A few corners of the market have been helped by merger and acquisition deals, but broader action is still relatively weak as the major averages remain mired in the red with modest losses.

Sellers knocked stocks back in the first few minutes of trade. Every sector was in the red, but the S&P 500 found support near the lows of last week. Early efforts to take stocks lower stoked volatility, such that the Volatility Index (VIX) spiked to its highest level in a month. The VIX has since eased back so that it is up a bit less than 5% for the session.

Education service providers were among the worst hit early on. Their tumble comes after Strayer Education (STRA 117.64, -35.66) trimmed expectations for 2011.

Telecom continues to attract selling interest. The sector is down 1.0% today and, in turn, down 4.5% in three sessions.

Materials stocks have rebounded from a sharp slide in the early going. The sector was down about 1.5% this morning, but it has since cut that to a 0.1% loss. The move has been helped by a bounce in commodity prices, which have lifted the CRB Commodity Index to a 0.7% gain.

Oil has been a leader among commodities. It is up 1.2% to $89.10 per barrel following news that the Trans Alaska Pipeline has been stopped after a leak was discovered during the weekend. The pipeline is partly owned by BP (BP 45.76, -0.32), Exxon Mobil (XOM 75.10, -0.49), ConocoPhillips (COP 67.00, -0.11), and Chevron (CVX 90.41, -0.78).

There have been a handful of strong performers amid the weak action of the broader market. Playboy (PLA 6.08, +0.88) has spiked to its best level in more than two years in news that it will to be taken private for $6.15 per share. Sara Lee (SLE 18.00, +0.57) is up nicely amid speculation that the company will also be taken private. Reported progress in the merger between Sanofi Aventis (SNY 31.81, -0.41) and Genzyme (GENZ 72.40, +1.01) has GENZ sporting an enviable gain.

However, news that Duke Energy (DUK 17.52, -0.27) will acquire Progress Energy (PGN 43.81, -0.91) in a stock transaction that values PGN at $46.48 per share, a premium of about 4% over PGN's closing price last week, has been met with a less positive response.

Though there has been no data today, participants are looking forward to the start of earnings season this evening with the latest from Dow component Alcoa (AA 16.50, +0.08).DJ30 -47.27 NASDAQ -6.05 SP500 -3.70 NASDAQ Adv/Vol/Dec 1113/1.02 bln/1452 NYSE Adv/Vol/Dec 1190/463 mln/1749

12:30 pm : The major averages recently made a move to their best levels of the past couple of hours, but persistence on the part of seller has kept stocks stuck in the red.

The dollar continues to grind lower. It now trails a basket of foreign currencies by 0.3%. Should the loss remain, it will make for a lackluster follow up to its 2.6% gain last week, when the dollar advanced in five straight sessions for its best weekly performance since November.DJ30 -44.05 NASDAQ -6.69 SP500 -3.90 NASDAQ Adv/Vol/Dec 1032/930 mln/1507 NYSE Adv/Vol/Dec 1119/425 mln/1779

12:00 pm : Though the broader market remains mired in neutral territory, a small mix of names have successfully made their way to enviable gains. Among those advancing issues, Sara Lee (SLE 18.05, +0.62) is up more than 3% amid speculation that the company will be taken private. In a similar vein, Playboy (PLA 6.08, +0.88) is up close to 17% after it agreed to be taken private for $6.15 per share.

Not all dealings, alleged or actual, have made for gains. It was announced that Duke Energy (DUK 17.42, -0.37) will acquire Progress Energy (PGN 43.74, -0.98) in a stock transaction that values PGN at $46.48 per share, a premium of about 4% over PGN's closing price last week, but shares of both PGN and DUK are down about 2%.DJ30 -36.40 NASDAQ -4.78 SP500 -3.03 NASDAQ Adv/Vol/Dec 1084/830 mln/1426 NYSE Adv/Vol/Dec 1113/380 mln/1759

11:30 am : Volatility is up sharply in response to this session's selling effort. Specifically, the Volatility Index (VIX) is up 6.3%, which makes for its sharpest rise two weeks. The rise in volatility has also taken the VIX to its highest level in a month and just shy of its 50-day average.

Recent pressure against the greenback has taken the Dollar Index to a 0.2% loss. Though that slide is only modest in scope, it marks a session low for the Index.

Amid the dollar's dip the CRB Commodity Index has climbed to a new session high, where it sports a 0.8% gain. DJ30 -64.03 NASDAQ -12.65 SP500 -5.60 NASDAQ Adv/Vol/Dec 833/725 mln/1660 NYSE Adv/Vol/Dec 916/335 mln/1941

11:00 am : The broader market has retraced its recent retreat so that losses are now more moderate. Declining issues still outnumber advancers by about 3-to-1, though.

Education service providers are still under sharp pressure. The group has been hammered to a 9% loss in the wake of an announcement from Strayer Education (STRA 119.87, -33.37) after Friday's close that the firm has lowered its expectations for 2011. Strayer itself has seen some 20% of its market cap evaporate.DJ30 -66.72 NASDAQ -13.63 SP500 -5.77 NASDAQ Adv/Vol/Dec 740/601 mln/1734 NYSE Adv/Vol/Dec 794/285 mln/2013

10:35 am : Energy commodities, excluding natural gas, are leading the CRB Index this morning, while the dollar index is back near the unchanged line. Meanwhile, precious metals are higher.

February crude oil has been in positive territory all session. It fell almost a full point right at 8:00am ET and almost touched the unchanged line, but has since rebounded and is 1.6% higher at $89.48 per barrel. February natural gas fell into the red earlier this morning and has remained there since. The energy component fell to new session lows of $4.35 per MMBtu just after pit trading began. Currently, it's 0.9% lower at $4.38 per MMBtu.

February gold spent the overnight session in negative territory, but is weaker this morning, while March silver is outperforming the precious metal. Both precious metals rallied following the open of pit trade. This pushed gold back into positive territory, and is just above the unchanged line at $1370.70 per ounce. Silver is back near session highs, currently at $28.97 per ounce, up 1%.

March corn futures gained six cents overnight to hit $6.00/bushel. Pit trading begins at 10:30am ET. March soybeans are 0.6% higher at $13.7275/bu, while March soybans are 0.4% higher at $7.7725/bu.DJ30 -71.67 NASDAQ -10.75 SP500 -5.59 NASDAQ Adv/Vol/Dec 791/458.7 mln/1642 NYSE Adv/Vol/Dec 784/220.8 mln/1985

10:00 am : Selling has intensified in the past few minutes of trade. The effort has taken the major averages to fresh session lows.

Though selling has been broad based, materials stocks are under the most pressure at the moment. The sector has already lost 1.4%. That comes even though many underlying basic materials and commodities are presently trading higher.

Consumer staples stocks are at the opposite end of the spectrum. They are currently off by just 0.3%, collectively.

Advancing Sectors: (None)
Declining Sectors: Materials (-1.4%), Utilities (-1.1%), Energy (-1.0%), Telecom (-1.0%), Financial (-0.8%), Consumer Discretionary (-0.7%), Industrials (-0.5%), Tech (-0.4%), Health Care (-0.4%), Consumer Staples (-0.3%)DJ30 -93.17 NASDAQ -20.73 SP500 -8.49 NASDAQ Adv/Vol/Dec 577/290 mln/1807 NYSE Adv/Vol/Dec 537/150 mln/2175

09:45 am : Stocks are down markedly this morning. Their move lower has been broad based as nine of the 10 sectors trade with losses. Only industrials, up 0.1%, have caught any kind of a bid.

The dollar has also been dragged down in recent trade. In turn, it now trails a collection of competing currencies by a slim margin.

The dollar's downturn has helped support commodities, such that the CRB Commodity Index is up a solid 0.6%.

Treasuries have attracted their own support in the early going. That has the yield on the benchmark 10-year Note back below 3.30%.DJ30 -44.20 NASDAQ -6.98 SP500 -3.49 NASDAQ Adv/Vol/Dec 719/160 mln/1569 NYSE Adv/Vol/Dec 740/103 mln/1890

09:15 am : [BRIEFING.COM] S&P futures vs fair value: -4.60. Nasdaq futures vs fair value: -6.00. Overseas action remains weak as Germany's DAX trades down 0.9%. Of its 30 components, BASF and Thyssenkrupp are the only two to trade in positive territory. Infineon and Commerzbank are two of the heaviest drags on trade. In France, the CAC has fallen to a 1.4% loss. BNP Paribas and Total (TOT) are two primary sources of weakness; shares of the latter were recently downgraded by analysts at ING Group. Renault is the only member of the 40-component CAC to trade with any kind of a gain. According to data, manufacturing production in France during November increased by 2.2% after a 0.9% decline in the prior month. Industrial production increased 2.3% after a 0.8% decline in the prior month. Britain's FTSE is off by 0.4%. BP Plc (BP) is among the heaviest drags. There are reports that the Trans Alaska Pipeline, partly owned by BP, Exxon Mobil (XOM), ConocoPhillips (COP), and Chevron (CVX), has been shut down because of a leak. However, Royal Dutch Shell (RDS.A) has attracted support.

In Asia, Japan's Nikkei was closed for holiday, but China's Shanghai Composite lost 1.7%. Industrial & Commercial Bank, Bank of China, and PetroChina (PTR) led a list of declining issues that outnumbered advancers by more than 7-to-1. China Petroleum (SNP) was atop the short list of those that gained. According to data, China's trade balance for December totaled $13.10 billion, down from $22.89 billion in November. Hong Kong's Hang Seng surrendered 0.7% in its latest round of trade. Financial plays HSBC (HBC), Industrial & Commercial Bank, and China Life Insurance were key sources of weakness. CNOOC (CEO) showed strength in the face of broader market weakness, however. Also worth mention, Indonesia's Jakarta Composite plunged more than 4% amid inflation concerns.

08:45 am : [BRIEFING.COM] S&P futures vs fair value: -4.30. Nasdaq futures vs fair value: -6.00. Commodities futures prices are mixed this morning. Specifically, oil prices are up 0.7% to $88.60 per barrel in the minutes ahead of pit trade. Oil prices fell 3.6% last week. Natural gas prices went unchanged last week, but they are down 0.8% to $4.39 per MMBtu this morning. As for precious metals, gold prices are up 0.2% to $1371.90 per ounce after they fell 3.7% during the course of last week. Silver prices are up a more impressive 0.8% to $28.89 per ounce, but that is after silver prices plummeted nearly 7% last week.

08:15 am : [BRIEFING.COM] S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -9.00. Stock futures suggest that varied losses are in order today. The weakness comes amid losses overseas and another gain by the greenback, which currently leads a collection of competing currencies by a narrow margin. There is no data on tap for participants to digest today, but there have been a handful of corporate headlines, including word that Progress Energy (PGN) will be acquired by Duke Energy (DUK) in a $13.7 billion stock transaction and that Playboy (PLA) has agreed to a go-private transaction that values the shares at $6.15 each.

08:10 am : Nikkei...Holiday......... Hang Seng...23527...-159.30...-0.70%.

08:10 am : FTSE...5949.5...-34.80...-0.60%. DAX...6886.8...-61.00...-0.80%.

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 Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

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