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 Post subject: March 15th Thursday 2011 (No Trades Data Problems)
PostPosted: Wed Mar 16, 2011 4:13 am 
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Joined: Sat Jan 10, 2009 2:06 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)

Quote:
No trades today and it was not a planned personal day off from trading. In contrast, no trades today due to charting (data) problems and didn't want to risk having a losing trading day. Yet, I did monitor the price action today of the Emini TF futures and there was not any trade opportunities via the Volatility Trading Report (VTR) but I did see a few intuition trade opportunities soon after the first contracting volatility showed up in reaction to the FOMC Announcement. 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: +0.00 points or $0.00 dollars in the Russell 2000 Emini TF ($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=88&t=781.

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=135&t=965

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Image Market Summaries

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

Image CNNMoney.com - Stocks Claw Back From Steep Sell-Off
Attachment:
031511-Key-Price-Action-Markets-1.png
031511-Key-Price-Action-Markets-1.png [ 396.09 KiB | Viewed 292 times ]

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

By Annalyn Censky, staff reporter
March 15, 2011: 5:27 PM ET

NEW YORK (CNNMoney) -- Stocks regained some lost ground in the last hour of trading Tuesday, but Japan's devastating earthquake and nuclear crisis still have investors on edge.

All three of the major U.S. stock indexes closed down about 1.2%, after plunging much deeper earlier in the day.

The Dow Jones industrial average (INDU) posted a 138-point loss, after falling 297 points earlier. All but one of the 30 Dow components were in the red. The S&P 500 (SPX) fell 15 points and the Nasdaq (COMP) dropped 34 points.

A somewhat positive statement from the Federal Reserve, which would typically garner attention, failed to sway investors significantly in the afternoon.

"Everybody's looking at Japan over the Fed," said Phil Streible, a senior market strategist with Lind-Waldock. "People are scrambling and trying to figure out the specific impact of Japan's problems."

The Fed made no mention of the events in Japan. Markets are reeling from the staggering human and economic toll from Japan's 9.0-measure earthquake and subsequent tsunami last Friday, which killed at least 3,373 people.

* Video 02:33 mins - Putting Fukushima in context

The earthquake also damaged Japan's Fukushima Daiichi nuclear power plant, and subsequent explosions and fires there have only escalated fears about a nuclear crisis in Japan.

Japan's Nikkei index (NKY) dropped 10.6% on Tuesday alone, and over the last two days, it shed 16.1% -- its worst two-day loss since 1987.

Other Asian markets also finished lower Tuesday, with the Shanghai composite losing 1.4%, and Hong Kong's Hang Seng index falling 2.9%.

European markets also closed sharply lower. Germany's DAX dropped 3.4%, while France's CAC-40 lost 2.3% and Britain's FT-100 retreated 1.3%.

The Japanese nuclear plant that exploded Saturday is equipped with reactors designed by Dow component General Electric (GE, Fortune 500). GE shares fell 1.6% Tuesday.

Insurance companies in the S&P 500 also sank, led by Aflac (AFL, Fortune 500) which tumbled 5.6%. Aflac generated about 75% of its revenue in Japan last year.

Hartford Financial Services Group (HIG, Fortune 500) fell 4.6%, Prudential (PRU, Fortune 500) dropped 2% and MetLife (MET, Fortune 500) fell 3%.

Netflix (NFLX) was one of the few stocks to buck the downward trend, rising 7.9% after Goldman Sachs (GS, Fortune 500) upgraded the stock earlier in the day.

Meanwhile, oil prices fell nearly 4% as investors pulled back after its recent run, and gold prices fell 2.3%.

The dollar rose versus the euro and the British pound, but fell slightly against the yen. Like the U.S. dollar, the yen is considered a safe-haven asset in times of economic uncertainty.
Cast your vote in CNNMoney's March Stock Mania

The price on the benchmark 10-year U.S. Treasury rose as investors sought the safety of government debt, pushing the yield down to 3.32% from 3.35% late Monday.

The Japanese government has taken steps to shore up the nation's financial system. But investors remain nervous about the short-term outlook for the world's third-largest economy.

Ahead of the opening bell, steep losses in world markets triggered the New York Stock Exchange to invoke Rule 48 -- which gives the exchange the right to pause trading in the event of exteme volatility.

NYSE typically invokes the rule several times each year.

Wall Street's most widely cited measure of volatility, the VIX (VIX) surged 14.8%.

Image

Image Yahoo! Finance - Market Update

4:30 pm : The stock market dropped dramatically in the early going as participants responded to a global sell-off, but buyers gradually stepped in with a bid that helped stocks slash losses.

The S&P 500 was down as much as 2.7% to a new two-month low this morning, but it settled the session with a more moderate loss on the order of 1%. The opening sell-off stemmed from widespread weakness among the major market averages abroad, namely Japan's Nikkei, which followed up its 6% loss in the prior session with an overnight dive of 10.6%. Explosions at nuclear facilities and threats of radiation have stoked selling in Japan and left the Nikkei to trade at a new one-year low.

The breadth of selling interest left few asset classes unscathed. As such, the CRB Commodity Index sank 3.6% to suffer its worst single-session loss since November. Among the more widely tracked commodities, oil prices dropped 4.0% to $97.18 per barrel. Weekly oil inventory data is due tomorrow morning. Not even precious metals were sparred from the sell-off; gold prices fell 2.2% to $1392.90 per ounce and silver slumped 4.8% to settle pit trade at $34.11 per ounce.

While many commodities came under severe pressure, basic materials stocks were actually leaders in the equity market's rally. The materials sector was down more than 3% at the open, but finished with a loss of less than 0.2%.

Netflix (NFLX 217.11, +15.91) distinguished itself by spiking to a gain of almost 8% as the rest of the market could only cut losses, let alone advance. The move was the stock's strongest in more than a month and was owed to an analyst upgrade at Goldman Sachs.

Amid the stock market's rebound the greenback gave back an early gain for a flat finish. Interestingly, the yen advanced despite the calamity in Japan. It was up 1.1% to 80.75 yen per dollar at the end of the day.

Early strength in Treasuries drove down the yield on the 10-year Note to a three-month low near 3.20%, but strength faded as the stock market rallied. The 10-year Note saw its yield rise to just above 3.30% by day's end.

The latest FOMC statement had little impact on trade. To no real surprise, the FOMC kept its key rate in the range 0.00% to 0.25%. It also announced that it will keep in place its plan to purchase $600 billion of longer-term Treasury securities by the end of the second quarter of 2011 and will continue to reinvest principal payments from its securities holdings.

Even though commodity prices have been coming down during the past few sessions, the FOMC made note that commodity prices are still up significantly since summer. Still, inflation expectations have remained stable and measures of underlying inflation have been subdued. The FOMC also made note that the recovery is on firmer footing and that overall conditions in the labor market appear to be improving gradually.

Advancing Sectors: (None)
Declining Sectors: Utilities (-1.9%), Tech (-1.6%), Financial (-1.2%), Industrials (-1.1%), Health Care (-1.1%), Consumer Staples (-1.0%), Telecom (-1.0%), Energy (-0.8%), Consumer Discretionary (-0.8%), Materials (-0.2%)DJ30 -137.74 NASDAQ -33.64 NQ100 -1.4% R2K -0.9% SP400 -0.7% SP500 -14.52 NASDAQ Adv/Vol/Dec 644/2.36 bln/1970 NYSE Adv/Vol/Dec 638/1.28 bln/2376

3:30 pm : The CRB Commodity Index suffered its worst single-day drop since November with a 3.6% tumble today. That marked its sixth straight loss, which left the CRB to close below its 50-day moving average for the first time since August.

Precious metals were swept into this session's sell-off. That left gold prices to drop 2.2% to $1392.90 per ounce. Silver slumped 4.8% to settle pit trade at $34.11 per ounce.

A 4.0% drop in crude oil prices to $97.18 per barrel had some of the most damaging impact on the CRB. Prices had actually rebounded above $99 per barrel, but failed to sustain the move.

Fellow energy component natural gas actually attracted support. Prices closed pit trade 0.7% higher at $3.94 per MMBtu.DJ30 -104.03 NASDAQ -25.99 SP500 -10.26 NASDAQ Adv/Vol/Dec 634/1.89 bln/1948 NYSE Adv/Vol/Dec 629/904 mln/2369

3:00 pm : The S&P 500 has successfully pushed above the 1280 line so tha it now sits at a fresh session high.

All 10 of the major sectors are still in the red, but the materials sector has managed to cut its loss to just 0.5% after it had been down as much as 3.2%. Most of that move is owed to a run up in diversified metals and mining stocks, which have been led by Freeport McMoRan (FCX 51.16, +2.21). Shares of FCX are up more than 4% after they had started the session with a loss of almost 5%. DJ30 -133.85 NASDAQ -30.84 SP500 -13.53 NASDAQ Adv/Vol/Dec 584/1.76 bln/2006 NYSE Adv/Vol/Dec 579/830 mln/2420

2:30 pm : Stocks slipped in the minutes the initially followed the latest FOMC policy statement, but they have since recovered. The S&P 500 is now back near the 1280 line, where it was rebuffed just a couple of hours ago.

As expected, the FOMC kept its key rate in the range 0.00% to 0.25%. It also announced that it will keep in place its plan to purchase $600 billion of longer-term Treasury securities by the end of the second quarter of 2011. It is also maintaining its existing policy of reinvesting principal payments from its securities holdings.

As for the verbiage of the latest policy statement, the Committee noted that the recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually. Although they noted that commodity prices have risen significantly since the summer, inflation expectations have remained stable, and measures of underlying inflation have been subdued. DJ30 -144.37 NASDAQ -34.80 SP500 -15.33 NASDAQ Adv/Vol/Dec 467/1.59 bln/2107 NYSE Adv/Vol/Dec 439/757 mln/2552

2:00 pm : Stocks have become stuck in a sideways drift. That has made for some rather unexciting afternoon trade. However, things could pick up quickly with the release of the latest FOMC policy statement, which is due at 2:15 PM ET.DJ30 -178.50 NASDAQ -42.10 SP500 -18.63 NASDAQ Adv/Vol/Dec 434/1.49 bln/2145 NYSE Adv/Vol/Dec 367/710 mln/2639

1:30 pm : The S&P 500 recently pushed up to the 1280 line, but it stalled at that point and has since pulled back almost five points. Its inability to extend its rally has hampered the Dow and Nasdaq.

Volatility has started to creep back up amid the stock market's most recent slip. The Volatility Index is now up 15% this session. It is up an even more dramatic 37% for the year. DJ30 -194.36 NASDAQ -44.63 SP500 -20.64 NASDAQ Adv/Vol/Dec 431/1.41 bln/2134 NYSE Adv/Vol/Dec 371/668 mln/2635

1:00 pm : A global sell-off took the S&P 500 down to a new two-month low this morning, but the benchmark Index has been fighting to pare its loss.

Japan's Nikkei dove overnight to a 10.6% loss as participats there panicked amid news that explosions continue to complicate efforts to contain radiation in the wake of a massive earthquake late last week. The loss came on top of a 6% dive in the prior session. The combination of those losses made for the Nikkei's worst back-to-back performance since 1987.

Just about every major foreign market followed the Nikkei lower. In turn, the Dow Jones World Index fell almost 3.8% for its worst single-day slide since a 3.9% drop almost two years ago. That loss has since moderated to a 2.6% decline with help from the rebound effort currently underway among U.S. markets.

The U.S. averages were imbued by weakness abroad and dropped dramatically at the open to their lowest level since the start of 2011. However, selling pressue has eased a bit so that losses are about half of what they were at session lows. That has helped bring down the Volatility Index, which is now up about 13% after it had been up more than 20% this morning.

Although the number of advancing issues remains limited, an analyst upgrade at Goldman Sachs has made Netflix (NFLX 215.21, +14.05) a noteworthy leader in both the S&P 500 and the Nasdaq.

Weakness remains widespread, but the relatively improved tone of trade has pulled some away from the shelter of the dollar. In turn, the greenback is only fractionally against a basket of major foreign currencies after it was up sharply this morning.

Treasuries are still up nicely, but shy of their session highs. As such, the yield on the benchmark 10-year Note is up to 3.29%, or almost nine basis points above the three-month low that it set this morning.

Data has been of little interest to market participants, but plenty of attention will turn to the latest FOMC policy statement when it is released at 2:15 PM ET. No change to target rates is expected, so focus will be on the verbiabe of the statement. DJ30 -192.35 NASDAQ 44.81 SP500 -20.34 NASDAQ Adv/Vol/Dec 415/1.31 bln/2133 NYSE Adv/Vol/Dec 343/625 mln/2638

12:30 pm : The S&P 500 has more than halved its loss. Earlier today it had been as low as 1261, which was last seen on January 3, but it is now at 1280 so that it trades with a 16-point loss.

The effort to trim losses has been broad based, but the move has been kindest to materials stocks and energy stocks. Those two sectors are down 0.9% and 1.0%, respectively. Every other sector is down more deeply. DJ30 -169.87 NASDAQ -37.98 SP500 -17.90 NASDAQ Adv/Vol/Dec 456/1.18 bln/2086 NYSE Adv/Vol/Dec 352/570 mln/2618

12:00 pm : The Nasdaq is at a new session high, but it continues to trade with a considerable loss. Large-cap tech issues like Apple (AAPL 345.58, -7.98), Oracle (ORCL 30.83, -0.76), Intel (INTC 20.15, -0.69), and Microsoft (MSFT 25.31, -0.38) have been the heaviest drags on the Nasdaq. In contrast, Netflix (NFLX 216.45, +15.25) has staged an impressive advance in the face of widespread weakness. Its strength is largely owed to an upgrade by analysts at Goldman Sachs.DJ30 -204.27 NASDAQ -44.10 SP500 -21.94 NASDAQ Adv/Vol/Dec 387/1.05 bln/2127 NYSE Adv/Vol/Dec 291/514 mln/2683

11:30 am : Oil prices are still deeply in the red, but in recent trade the energy component has worked its way to $98.50 per barrel, which makes for a session high. That has helped oil-related Exchange Traded Funds like the US Oil Fund (USO 39.66, -1.25) lift to its own session high. USO is still down 3%, though.

Oil's pullback in recent sessions has come as attention shifts from the social and political turmoil in the Middle East and North Africa to the prospect for demand loss stemming from the devastation in Japan. Still, oil prices are up more than 7% year to date.DJ30 -211.42 NASDAQ -47.70 SP500 -22.72 NASDAQ Adv/Vol/Dec 313/915 mln/2194 NYSE Adv/Vol/Dec 233/450 mln/2733

11:00 am : Stocks continue to contend with stong selling interest, but they have managed to recoup some of what was lost during this morning's gap down. In fact, the Dow has actually climbed more than 60 points from its session low.

All 30 stocks that make up the Dow are currently in the red. Pfizer (PFE 19.64, -0.17) has managed to limit its loss to less than 1%, which actually makes it a relative leader among blue chips. DJ30 -232.65 NASDAQ -52.53 SP500 -25.65 NASDAQ Adv/Vol/Dec 316/750 mln/2175 NYSE Adv/Vol/Dec 210/385 mln/2725

10:35 am : Global weakness continues to weigh on commodities, many of which are showing sharp losses. In the CRB Commodity Index, excluding aluminum, all components are lower with over half of them down 2% or more. Energy markets are some of today's worst performers. RBOB gasoline is -5.2%, while heating oil is -4.1%.

April crude oil sold off overnight and has been in negative territory since. Session lows of $96.71 per barrel were hit just before 8:00am ET and the April contract currently remains at $97.98 per barrel, down 3.2%. April natural gas was actually in positive territory for a large part of the overnight and morning session. However, about 30 minutes ahead of the open, natural gas sold off sharply, falling into negative territory, and hit new session lows of $3.80 per MMBtu after dropping almost 4%. The energy component is currently 3.8% lower at $3.84 per MMBtu.

Precious metals fell into negative territory overnight and have remained there since. April gold extended losses ahead of the open of pit trade this morning, falling to the current session low of $1380.70 per ounce. May silver followed gold, putting in its own session low of $33.57 per ounce. Currently, gold is down 1.9% at $1398.00 per ounce, while silver is down 4% at $34.38 per ounce.DJ30 -201.62 NASDAQ -56.10 SP500 -23.76 NASDAQ Adv/Vol/Dec 219/554.4 mln/2223 NYSE Adv/Vol/Dec 120/298.0 mln/2796

10:00 am : Widespread weakness has left only a handful of stocks in the S&P 500 to trade with a gain. First Solar (FSLR 152.65, +5.74), Netflix (NFLX 207.43, +6.23), Ryder Systems (R 47.26, +0.06), Gamestop (GME 19.83, +0.01), and Bed Bath & Beyond (BBBY 45.38, +0.06) make up the short list.

Insurers are under the most pressure as market participants consider their exposure to Japan in the wake of the country's massive earthquake late last week. Aflac (AFL 49.27, -4.63), Hartford (HIG 24.91, -1.92), MetLife (MET 41.86, -2.90), and Prudential (PRU 57.47, -3.79) represent the four worst performing stocks in the S&P 500 by percent lost.

Advancing Sectors: (None)
Declining Sectors: Tech (-2.9%), Industrial (-2.7%), Financial (-2.6%), Energy (-2.3%), Materials (-2.3%), Consumer Discretionary (-2.0%), Health Care (-1.8%), Utilities (-1.7%), Consumer Staples (-1.6%), Telecom (-1.5%)DJ30 -265.65 NASDAQ -70.34 SP500 -31.28 NASDAQ Adv/Vol/Dec 188/272 mln/2184 NYSE Adv/Vol/Dec 99/174 mln/2787

09:45 am : A dramatic gap down at the open took the S&P 500 to within one point of the 1260 line, which hasn't been touched since the first trading day of this year (January 3). Weakness comes in the wake of an aggressive global sell-off.

Weakness across the world has caused the Dow Jones World Index to drop 3.4%, which currently ties for its worst single-day slide since a 3.9% drop almost two years ago.

Such concerted selling has stoked volatility, such that the Volatility Index, often labeled the Fear Gauge, is up 20%. DJ30 -250.61 NASDAQ -66.51 SP500 -29.24 NASDAQ Adv/Vol/Dec 178/144 mln/2138 NYSE Adv/Vol/Dec 63/47 mln/979

09:15 am : S&P futures vs fair value: -33.60. Nasdaq futures vs fair value: -63.50. Concerted selling in the wake of a global sell-off has stock futures down sharply. In fact, stock futures suggest that the major equity averages are headed for new two-month lows. The breadth of selling interest has left few issues unscathed. For instance, not a single name among the 225 stocks that make up Japan's Nikkei made a gain as the Index dove to a 10.6% loss. In Europe, all 30 stocks in Germany's DAX are down, as are all 40 components of France's CAC. Precious metals haven't even attracted support. In turn, the CRB Commodity Index is down 2.5%. The dollar has attracted support, though; it is currently up 0.6% against a collection of competing currencies. Treasuries are up, too. Buying in the benchmark 10-year Note took the yield down to a three-month low of 3.20%, but it is now near 3.25%.

09:05 am : S&P futures vs fair value: -30.80. Nasdaq futures vs fair value: -58.50. Strong selling ahead of the open continues. The same action has sunk several overseas markets. For example, all 30 of the issues in Germany's DAX are currently down. Such widespread weakness has taken the German bourse to a 5.0% loss. Infineon Tech, BASF, and Daimler (DAI) have been the heaviest drags on trade. Data hasn't helped there; the ZEW Economic Sentiment Survey for March came in at 14.1, down from 15.7 in February. Widespread weakness has also wreaked havoc on France's CAC, which is currently down 4.1% as all 40 of its components trade with losses. Energy giant Total (TOT) continues to come under pressure; it has fallen in seven straight sessions for a cumulative loss of almost 9%. Financial outfits Societe Generarel and BNP Paribas are also under sharp pressure. According to data, France's CPI increased by 0.5% in February after a 0.2% decline in January. Britain's FTSE is presently off by 2.7%. Of its 102 members, only Next Plc has actually pushed into positive territory. BP Plc (BP) has been one of the heaviest drags on overall trade. Royal Dutch Shell (RDS.A) is down markedly, but has recovered from a near three-month low amid news of its 2011 strategy update.

Japan's Nikkei dropped some 6% yesterday, but then fell another 10.6% last night as participants there reacted fearfully to more explosions at nuclear facilities and warnings of radiation leaks. Not a single name in the Nikkei escaped unscathed, although Toyobo finished flat. The Nikkei is now at its lowest level since April 2009. Imbued by the soured mood in Japan, mainland China's Shanghai Composite closed with a 1.4% loss. PetroChina (PTR), China Petroleum (SNP), and China Life Insurance were among the heaviest drags on trade. Inner Mongolia and Inner Mong Bao displayed strength, though. Hong Kong's Hang Seng descended to levels not seen since September. However, it did manage to close above its 200-day moving average after participants sent the Hang Seng below the technical line for the first time in six months. All 45 members of the Hang Seng settled in the red for a collective loss of 2.9%. HSBC, China Mobile, CNOOC (CEO), and Industrial & Commercial Bank led the move lower.

08:35 am : S&P futures vs fair value: -36.10. Nasdaq futures vs fair value: -69.30. The latest dose of data has done nothing to help stock futures recover from their slump. The Empire Manufacturing Survey for March came in at 17.5, which is slightly stronger than the 17.0 that had been expected, on average, among economists polled by Briefing.com. The prior month's Survey came in at just 15.4. Separately, import prices for February increased by 1.4% after a 1.3% increase in the prior month. Excluding oil, import prices increased just 0.3% in February. They had increased 0.8% in the prior month.

08:05 am : S&P futures vs fair value: -33.50. Nasdaq futures vs fair value: -62.80. A global sell-off has sunk stock futures. Overnight losses have been led by Japan's Nikkei, which plummeted more than 10% after it fell 6% in its prior session. The Nikkei now trades at its lowest level in a year as investors continue to show concern for the consequences resulting from the massive earthquake that hit the country late last week. Europe's major bourses have all rolled over, too. Oil has been caught up in the selling effort, such that generic futures contracts are currently pricing the energy component 3.7% lower at $97.40 per barrel in electronic trade. Precious metals have failed to find support among safety seekers. Instead, both gold and silver are under stiff pressure. The dollar and Treasuries have attracted buying interest, though. More specifically, the greenback is up 0.7% against a basket of competing currencies while buying in the benchmark 10-year Note drops its yield down to a its lowest level in three months.

06:32 am : [BRIEFING.COM] S&P futures vs fair value: -33.70. Nasdaq futures vs fair value: -62.30.

06:31 am : Nikkei...8605.15...-1015.30...-10.60%. Hang Seng...22678.25...-667.60...-2.90%.

06:31 am : FTSE...5629.25...-146.00...-2.50%. DAX...6535.93...-330.70...-4.80%.

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

Phone: +1.708.572.4885
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