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 Post subject: February 2nd Wednesday 2011 Emini TF ($TF_F) points +20.40
PostPosted: Thu Feb 03, 2011 10:21 am 
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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:
Good trading day of following the trading plan but I felt mentally exhausted by the end of the trading day. Thus, very good chance I'll take a personal day off tomorrow from trading. If you have any questions about my trading, want more details about the trade signal behind a particular trade or want to reply about something stated in this message post...click here.

Trade Performance for Today: +20.40 points or $2040.00 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
Russell 2000 Emini TF Futures - 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE.
S&P 500 Emini ES Futures - 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup.

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=87&t=747. 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=131&t=921

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

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 Drop on Valuations and Egypt Unrest



Image CNNMoney.com - Stocks Drift As Dow Holds 12,000
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click on the above image to view today's price action of key markets

By Ben Rooney, staff reporter
February 2, 2011: 5:15 PM ET

NEW YORK (CNNMoney) -- Stocks ended little changed Wednesday as uncertainty about Egypt hung over the market two days before the government's all-important payrolls report.

The Dow Jones industrial average (INDU) rose 2 points, or less than 0.1%, to close above 12,000 points for a second day.

The S&P 500 (SPX) slid 3 points, but was still above the high water mark of 1,300. The tech-heavy Nasdaq (COMP) lost 1 point to close at 2,750.

U.S. stocks started February with a bang Tuesday. The Dow and S&P 500 closed above key psychological levels for the first time in more than two years as investors cheered a robust reading on the manufacturing sector.

But the tone turned cautious Wednesday amid ongoing political unrest in Egypt, where anti-government protestors clashed with supporters of President Hosni Mubarak.

"People are keeping one eye on Egypt and one eye on the domestic economy," said Ryan Larson, a senior equity trader at RBC Global Asset Management, who braved a blizzard in Chicago on his way to work Wednesday.

On the domestic front, investors took in a better-than-expected report on private-sector payrolls, and a seasonal increase in planned job cuts in January.

While those reports were encouraging, investors are awaiting Friday's employment report from the government for confirmation that the labor market is improving.

The Labor Department is expected to report a 148,000 job increase in January, compared to 113,000 the prior month. Unemployment is expected to have notched up to 9.5% in January, compared to 9.4% the prior month.

"The market is consolidating a two-day run and waiting for the jobs report on Friday," said Burt White, chief investment officer with LPL Financial in Boston.

White said investors are also focusing on commodity prices as "chaos events" around the world threaten to disrupt supply chains.

"There is bad weather in Australia and the U.S., and there is still concern about the Suez Canal in Egypt," he said.

In Australia, Cyclone Yasi, a Category 5 storm, the highest designation on Australia's classification system, made landfall late Wednesday night, local time.

* Check prices for oil, gold and other commodities

Sugar futures surged to a 30-year high as investors worried that Yasi could ravage Australia's crops. Consumer commodities such as cocoa and cotton also rose, as well as agricultural products like wheat and corn.

Oil futures, which spiked last week when turmoil erupted in Egypt, edged near $91 per barrel.

Meanwhile, investors did some selective buying of companies that reported quarterly results.

Companies: After the closing bell, Visa (V, Fortune 500) reported first-quarter earnings per share of $1.23, which was 2 cents better than expected. Sales rose 14% to $2.24 billion, versus a forecasted $2.23 billion.

News Corp (NWSA) said late Wednesday that it earned 29 cents per share, excluding certain costs, in the company's fiscal second quarter. Analysts surveyed by Thomson Financial were expecting 28 cents per share. Sales were $8.7 billion, in-line with expectations. Earlier today, CEO Rupert Murdoch unveiled "The Daily," his hotly anticipated iPad newspaper.

Before the market opened, Time Warner (TWX, Fortune 500) posted fourth-quarter earnings Wednesday that beat Wall Street expectations, driven in part by a recovering advertising market. Shares of Time Warner, the parent of CNNMoney and Fortune, were up 8%.

Shares of video game company Electronic Arts (ERTS, Fortune 500) jumped nearly 16%, a day after they reported a 75% jump in quarterly earnings and announced a stock buyback.

Mattel (MAT, Fortune 500) shares rose 1%, after the toymaker reported fourth-quarter results that beat analysts' expectations and raised its quarterly dividend payment.

Broadcom (BRCM, Fortune 500) fell more than 5%, after the semiconductor company reported quarterly results that met expectations, but issued guidance that was slightly below Wall Street consensus.

Toyota (TM) shares gained 2%, after reporting an almost 24% rise in January sales Tuesday. The Japanese automaker also said late Tuesday that it is offering "voluntary exit packages" to certain employees, as part of a restructuring plan.

Shares of Borders Group (BGP) plunged more than 35% Tuesday before the market close, and were down 19% to 38 cents early Wednesday on reports that the bookseller is close to filing for bankruptcy.

Economy: In Washington, the Senate Budget Committee met for the second day of hearings on the economic outlook, tax reform and challenges to the economic recovery.

* Hot emerging markets: Place your bets

World markets: European stocks ended mixed. Britain's FTSE 100 ticked up 0.7%, while the DAX in Germany was flat and France's CAC 40 slipped about 0.1%.

Asian markets finished with gains. The Hang Seng in Hong Kong and Japan's Nikkei both rallied 1.8%. Shanghai's market was closed for the first day of the week-long lunar new year holiday.

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

Oil for March delivery gained 19 cents to $90.96 a barrel.

Gold futures for April delivery fell $3.10 to $1,336.80 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 3.49% from 3.44% late Tuesday.

Image

Image Yahoo! Finance - Market Update

4:30 pm : The major equity averages chopped along listlessly all session as big gains from the prior session were allowed to consolidate.

Stocks lacked direction from the start of trade. Many opted to take a breather after the S&P 500 surged 1.8% in the prior session to settle comfortably above key psychological levels that had not been seen since mid-2008. The lack of participation made for sluggish action and low share volume, which failed to surpass 1 billion shares on the NYSE.

Only a muted response was made to the latest ADP Employment Change, which indicated that 187,000 private payrolls were added in January. The consensus among economists polled by Briefing.com had called for 145,000 private payroll additions. Data for the prior month was revised downward to reflect 247,000 private payroll additions, which is the greatest increase since 2006.

The latest round of earnings was generally shrugged off by the broader market, but Electronic Arts (ERTS 18.09, +2.47) attracted attention with its bottom line beat and share repurchase plan. The stock soared to an eight-month high and helped lift the tech sector to a 0.3% gain; tech was the only sector to stage a gain.

Semiconductor stocks also offered support to the tech sector. Their collective 0.5% gain came despite disappointment over the latest results from Broadcom (BRCM 43.79, -2.60).

As for other announcements, Whirlpool (WHR 83.60, -1.82) and AFLAC (AFL 57.10, -1.43) missed consensus earnings calls, but Boston Scientific (BSX 6.85, -0.28) and Time Warner (TWX 35.10, +2.79) both exceeded expectations. Time Warner also announced an 11% dividend increase.

Financials fell to a 0.9% loss. They were the worst performing sector after they had staged one of the strongest moves in the prior session. Multi-line insurers were particularly weak today. Hartford Financial (HIG 27.93, -0.82) fell hard ahead of its quarterly report.

Outside of equities, the dollar caught a slight bid after it had set a two-month low in the prior session. It was up just 0.1% against a collection of competing currencies at the end of the trading day.

Treasuries failed to attract sustainable support. They had been up a bit in the early going, but inevitably fell. The retreat resulted in a 3.50% yield on the benchmark 10-year Note for the first time since December and a 30-year Bond yield of 4.65%, which is its highest level since April. Selling among Treasuries accelerated after it was learned that dealers had wanted to sell more than six times the amount of issues that the Fed was willing to buy back. Pressure eased into the close, though.

Advancing Sectors: Tech (+0.3%)
Unchanged: Energy
Declining Sectors: Financials (-0.9%), Utilities (-0.5%), Telecom (-0.5%), Consumer Staples (-0.4%), Health Care (-0.4%), Materials (-0.3%), Industrials (-0.3%), Consumer Discretionary (-0.2%) DJ30 +1.81 NASDAQ -1.63 NQ100 -0.2% R2K -0.3% SP400 -0.2% SP500 -3.56 NASDAQ Adv/Vol/Dec 1142/2.03 bln/1462 NYSE Adv/Vol/Dec 1391/934 mln/1571

3:30 pm : The CRB Commodity Index advanced another 0.5% this session. That puts the Index at a new two-year high.

Cotton futures continued their dramatic climb. Future contracts closed with cotton priced 2.3% higher at $1.762 per pound. Meanwhile, sugar futures climbed 4.0% to hit $0.35 per pound, a level not seen since 1980.

Among metals, gold prices fell 0.6% to $1331.70 per ounce as silver slid 0.9% to $28.25 per ounce. Copper remained near record highs as it eked out a fractional gain to settle pit trade at $4.55 per pound.

Oil prices oscillated for the entire session, but they settled with a 0.3% gain at $91.03 per barrel. Little reaction was made to news that weekly oil inventory data showed a slightly larger-than-expected build of 2.59 million barrels. As for natural gas, it settled pit trade with a 2.0% gain at $4.43 per MMBtu. DJ30 +0.23 NASDAQ -1.45 SP500 -2.85 NASDAQ Adv/Vol/Dec 1134/1.75 bln/1461 NYSE Adv/Vol/Dec 1378/702 mln/1576

3:00 pm : The Dow is at a session high as it enters the final hour of the session. Though that may sound bullish, its gain is only slight.

Briefing.com will cover earnings announcements from about 80 different companies after the close. Around 70 more will be handled tomorrow morning. Newscorp (NWSA 15.88, +0.29), Visa (V 71.72, +1.02), MasterCard (MA 241.69, +3.54), Yum! Brands (YUM 47.62, +0.20), Blackstone (BX 16.55, +0.23), Cardinal Health (CAH 41.63, -0.32), CIGNA (CI 42.39, -0.52), CVS Caremark (CVS 34.72, -0.23), Dow Chemical (DOW 36.63, +0.27), Kellogg (K 50.40, +0.20), and Merck (MRK 33.75, -0.25) are among the more notable names to look forward to. DJ30 +11.65 NASDAQ +3.33 SP500 -1.90 NASDAQ Adv/Vol/Dec 1142/1.56 bln/1419 NYSE Adv/Vol/Dec 1438/618 mln/1507

2:30 pm : The stock market's drift today has left many uninspired and resulted in moderate participation. In turn, fewer than 600 million shares have traded hands on the NYSE, so far, with only 90 minutes remaining before the toll of the closing bell.

Though today's trading has been unexciting, it allows for gains in the prior session to be consolidated. The S&P 500 surged 1.8% yesterday for its strongest single-session surge in two months. Additionally, the move took stocks above key psychological levels that had not been seen since mid-2008.DJ30 +10.93 NASDAQ +2.14 SP500 -2.18 NASDAQ Adv/Vol/Dec 1105/1.44 bln/1443 NYSE Adv/Vol/Dec 1385/562 mln/1545

2:00 pm : Oil prices are back in positive territory to sport a 0.4% gain at $91.10 per barrel. The commodity has oscillated since pit trade began.

As for stocks they continue to chop along in lackluster fashion. Action has generally been unexciting all session.

Meanwhile, Treasuries remain mired in the red. Selling there recently took the yield on the 30-year Bond to 4.65%, which makes for its highest level since April 2010. Selling has accellerated since it was learned that dealers were looking to sell more than six times the amount of issues that the Fed was willing to buy back.DJ30 +0.07 NASDAQ -0.40 SP500 -3.19 NASDAQ Adv/Vol/Dec 1123/1.34 bln/1425 NYSE Adv/Vol/Dec 1378/520 mln/1544

1:30 pm : Semiconductor play Broadcom (BRCM 42.81, -3.58) is under heavy pressure after it reported last evening its latest quarterly results. Despite its weakness, other semiconductor stocks have found support, such that the Philadelphia Semiconductor Index is up 0.5%.DJ30 +9.42 NASDAQ +1.13 SP500 -1.99 NASDAQ Adv/Vol/Dec 1133/1.24 bln/1406 NYSE Adv/Vol/Dec 1391/472 mln/1490

1:05 pm : A lackluster follow up to the prior session's surge has left the major equity averages to trade in mixed fashion all session.

Yesterday the stock market rode a strong bid to its best level in more than two years, but many broad market participants have opted to take a bit of a breather today. That said, there hasn't been any concerted effort to take profits.

Only a slightly positive response was made to the latest ADP Employment Change, which indicated that 187,000 private payrolls were added in January. The report had little lasting effect, though.

Earnings have also failed to inspire action in the broad market. Among the more widely held names, Whirlpool (WHR 82.69, -2.73) and AFLAC (AFL 57.13, -1.40) both came short of the consensus earnings estimate, but Boston Scientific (BSX 6.77, -0.36) and Time Warner (TWX 34.99, +2.68) both beat on the bottom line. Time Warner complemented its report with news of an 11% dividend increase.

Electronic Arts (ERTS 17.90, +2.28) posted its own upside earnings surprise and added to its repurchase plan. Its shares have surged in response. That has helped prop up the tech sector, which is presently up 0.3%.

Energy stocks make up the only other sector to sport a gain. They are up 0.2%, even though oil prices are now in the red after a strong start. Oil prices are currently down 0.6% to $90.25 per barrel.

The dollar has turned higher after it had set a two-month low in the prior session. It is currently up 0.3% against a collection of competing currencies.

Despite the lackluster action among stocks today, Treasuries have turned lower. That has the yield on the benchmark 10-year Note creeping closer to 3.50%, which was last touched in mid-December. DJ30 +4.88 NASDAQ +0.28 SP500 -2.59 NASDAQ Adv/Vol/Dec 1120/1.15 bln/1415 NYSE Adv/Vol/Dec 1377/440 mln/1494

12:30 pm : Oil prices have reversed into the red. The commodity now trades with a 0.6% loss at $90.20 per barrel after it had been as high as $91.78 per barrel this morning. That downturn has undercut the energy sector, which is now flat after it had been up solidly earlier.

The dollar has moved to a session high against competing currencies. The greenback's current 0.3% gain only makes for its second advance in nine sessions. DJ30 -6.96 NASDAQ -0.90 SP500 -4.00 NASDAQ Adv/Vol/Dec 1068/1.04 bln/1431 NYSE Adv/Vol/Dec 1362/401 mln/1506

12:00 pm : The major equity averages remain mixed as financials (-0.6%) weigh on the S&P 500 and tech issues (+0.4%) help lift the Nasdaq. Meanwhile, the Dow remains mired near the neutral line.

Despite the generally lackluster action among stocks, Treasuries have failed to sustain any kind of a gain. The benchmark 10-year Note had traded with a lower yield earlier this morning, but recent selling has sent the Note to a session low and its yield to a session high of about 3.49%. DJ30 +1.97 NASDAQ +4.60 SP500 -2.51 NASDAQ Adv/Vol/Dec 1182/910 mln/1296 NYSE Adv/Vol/Dec 1492/359 mln/1333

11:30 am : Shares of retailers have come under increased pressure. As a group they are down 1.2% as 29 of the 31 names in the S&P 500 Retailing Index trade with losses -- only Best Buy (BBY 34.80, +0.40) and Amazon.com (AMZN 172.68, +0.57) have managed to put together gains.

Even AnnTaylor (ANN 21.87, -0.67) is down sharply in the face of news that the apparel and accessories retailer expects that its top line and bottom line for the fourth quarter will exceed the current Wall Street consensus. Shares of ANN are about 4% above the three-month low that they set last week. DJ30 -3.98 NASDAQ +1.34 SP500 -2.81 NASDAQ Adv/Vol/Dec 1083/790 mln/1343 NYSE Adv/Vol/Dec 1410/315 mln/1395

11:00 am : Stocks recently tried to turn higher again, but the S&P 500 was rebuffed at the neutral line. Its inability to push into positive territory has brought about another flurry of mild selling.

Energy stocks have managed to stage a nice gain, though. They are up 0.3% as refiners, up 2.5%, provide a strong push. A bounce by oil prices to a 0.8% gain at $91.50 per barrel has also helped.

Tech represents the only other sector that has managed to find higher ground. They are collectively up 0.2% amid strength in home entertainment software plays, which are up about 14% on the back of earnings from Electronic Arts (ERTS 17.93, +2.31). DJ30 -2.35 NASDAQ +3.36 SP500 -2.41 NASDAQ Adv/Vol/Dec 1172/652 mln/1240 NYSE Adv/Vol/Dec 1453/262 mln/1322

10:35 am : Commodities are mixed this morning, but the CRB Commodity Index has still managed to put together a 0.5% gain.

Crude oil prices are up about 0.6% at $91.35 per barrel. Their reaction to the latest weekly inventory figure has been muted. Inventories for the week ended January 28 reflected a draw of 2.59 million barrels, which is slightly more than the 2.50 million barrel build that had been widely expected.

Natural gas has put together an impressive advance in early pit trade. The energy component is presently up 1.0% at $4.39 per MMBtu.

Precious metals are under a bit of pressure. That has the price of gold down 0.2% to $1337.10 per ounce and silver prices down 0.4% to $28.42 per ounce. DJ30 +8.90 NASDAQ +5.98 SP500 -0.89 NASDAQ Adv/Vol/Dec 1230/497 mln/1106 NYSE Adv/Vol/Dec 1541/208 mln/1222

10:00 am : A bit of buying recently helped stocks push off of their opening lows. The effort briefly took both the Dow and the S&P 500 into positive ground, but a backslide has taken them back into the red.

Although energy stocks and tech stocks have managed to limit their losses, there really hasn't been any concerted form of leadership this morning. Instead, the majority of the major sectors are down with modest losses.

Advancing Sectors: (None)
Declining Sectors: Energy (-0.1%), Tech (-0.1%), Industrials (-0.1%), Telecom (-0.2%), Consumer Discretionary (-0.3%), Utilities (-0.3%), Materials (-0.3%), Consumer Staples (-0.4%), FInancials (-0.5%), Health Care (-0.6%)DJ30 -16.35 NASDAQ -1.95 SP500 -3.47 NASDAQ Adv/Vol/Dec 1252/290 mln/1010 NYSE Adv/Vol/Dec 1402/138 mln/1260

09:45 am : Stocks have slipped to modest losses in the first few minutes of trade. Pressure is sharpest among airline stocks, which are collectively down 2.0%, according the the Amex Airline Index.

Tech issues have managed to limit losses. They are collectively down only fractionally, which makes tech the best performing sector in the early going. Electronic Arts (ERTS 17.72, +2.10) is currently a leader in the space following an upside earnings surprise. DJ30 -6.85 NASDAQ -3.28 SP500 -3.39 NASDAQ Adv/Vol/Dec 903/170 mln/1282 NYSE Adv/Vol/Dec 1090/95 mln/1525

09:15 am : S&P futures vs fair value: -5.00. Nasdaq futures vs fair value: -7.70. The prior session saw stocks swing sharply above key psychological levels for their best finish since mid-2008. However, stock futures suggest that early participants might be interested in taking some money off of the table. As such, a slightly lower start to trade for Wednesday appears to be in order. Headlines haven't really done anything to convince traders to continue buying, although the ADP Employment Change for January proved better than expected and earnings have generally been solid. Despite the many strong reports this earnings season, there have been a few exceptions. Whirlpool (WHR) and AFLAC (AFL) are among the most recent to have missed the consensus earnings estimate. The dollar has caught a bid for only the second time in nine sessions; it is up just 0.2% after falling to a two-month low yesterday.

09:05 am : S&P futures vs fair value: -4.30. Nasdaq futures vs fair value: -6.70. Futures for the S&P 500 have slipped to morning lows, but weakness remains relatively contained. Germany's DAX is down 0.2% at the moment. Infineon Tech has helped provide leadership to the tech sector, which is presently up 1.5%. However, its strength has been offset by weakness elsewhere. In particular, industrial plays like Man SE and Siemens (SI) have acted as a drag on things. Industrial stocks are collectively down 1.8%. France's CAC is currently off by 0.4%. Schneider Electric and Total (TOT) have weighed heavily on action. France Telecom has been a source of support, though. Britain's FTSE has spent the session trading with a modest gain; it is currently up 0.4%. HSBC (HBC), Rio Tinto (RIO), and BHP Billiton (BHP) have been the biggest drivers of the move. Pharmaceutical plays AstraZeneca (AZN) and GlaxoSmithKline (GSK) have hampered things, however. As for data, the United Kingdom Construction PMI for January came in at 53.7, which is up from the 49.1 that was posted in the prior month.

A few of Asia's major averages advanced overnight to catch up with Wall Street's prior session spike. Japan's Nikkei swung to a 1.8% gain as more than 90% of its 225 issues settled higher. Fast Retailing was one of the leading movers; it spiked 2.8% for its best single-session move in two weeks. Softbank and TDK Corp were also strong. Fanuc Corp was atop the short list of those that faltered. China's Shanghai Composite was closed to celebrate the arrival of the Lunar New Year, but Hong Kong was open for trade. The Hang Seng rode a broad-based bid to a 1.8% gain. Of its 45 members, only China Unicom failed to find higher ground. Instead, the stock finished flat. HSBC, Hutchison Whampoa, and Cheung Kong were primary leaders in the advance. They climbed 2.1%, 5.5%, and 5.7%, respectively.

08:30 am : S&P futures vs fair value: -3.70. Nasdaq futures vs fair value: -5.40. Stock futures have slipped a bit since making their way toward the neutral line following a better-than-expected ADP Employment Change report for January. The consensus among economists polled by Briefing.com had called for 145,000 private payroll positions to be added in January, but actual additions were reported to have totaled 187,000 by the ADP Employment Change. Still, that's less than the downwardly revised 247,000 additions for the prior month. The December tally still stands as the greatest since 2006, though.

08:05 am : S&P futures vs fair value: -2.80. Nasdaq futures vs fair value: -3.90. Stock futures are flat to slightly lower following the prior session's surge, which was the strongest single-day bounce in two months. Meanwhile, the dollar has made a minor move higher after it fell sharply to a two-month low yesterday. Earnings have been a bit mixed, so far. Among the more widely held names that have already reported, Whirlpool (WHR) and AFLAC (AFL) came short of the consensus earnings estimate, but Electronic Arts (ERTS), Time Warner (TWX), and Boston Scientific (BSX) beat on the bottom line. The economic calendar is a bit light today with the ADP Employment Change on its way in just a few minutes (8:15 AM ET). Weekly oil inventory data is due later this morning (10:30 AM ET).

07:48 am : [BRIEFING.COM] S&P futures vs fair value: -1.40. Nasdaq futures vs fair value: -1.40.

07:48 am : Nikkei...10457.36...+182.90...+1.80%. Hang Seng...23908.96...+426.00...+1.80%.

07:48 am : FTSE...5995.75...+37.80...+0.60%. DAX...7182.29...-1.80...0.00.

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

Phone: +1.708.572.4885
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