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 Post subject: March 24th Thursday 2011 (No Trades Personal Day Off)
PostPosted: Sat Mar 26, 2011 6:59 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:
I took part of the day off from trading and the other part of the trading day I missed one nice trade opportunity as a Long signal @ 1356pm est. 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=793.

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 - Tech Earnings Lift Stocks
Attachment:
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click on the above image to view today's price action of key markets

By Ken Sweet, contributing writer
March 24, 2011: 4:40 PM ET

NEW YORK (CNNMoney) -- U.S. stocks posted solid gains on Thursday, as positive earnings in the technology sector offset ongoing concerns related to Japan and spreading unrest in the Middle East.

The Dow Jones industrial average (INDU) gained 85 points, or 0.5%, to 12,171; the S&P 500 index (SPX) edged up 12.1 points, or 0.9%, to 1,310; and the Nasdaq Composite (COMP) jumped 38 points, or 1.4%, to 2736.

The biggest gainer in the S&P 500 was Red Hat (RHT) -- a major Linux vendor -- with shares surging 18%. The company reported stellar earnings and raised its forecast.

Semiconductor maker Micron Technologies (MU, Fortune 500) also helped lift the tech sector, after it reported results well ahead of estimates. Shares were up 8%. Chip maker Nvidia (NVDA) followed Micron's lead, rising 8% as well.

Investors cheered the news out of the tech sector, noting it could be a positive sign for the upcoming earnings season starting in two weeks.

"This market doesn't want to sell heading into what is going to be a pretty good earnings season," said Marc Pado, chief market strategist with Cantor Fitzgerald. "

Despite positive corporate earnings, investor concerns over what's going on overseas remain at the forefront.

As the civil war in Libya rages on, uprisings and violence are spreading across the Middle East.

* Video - Nissan retools to help Japan

"Without being cynical about it, I don't think the market really expected this week to produce a gold-plated solution to all of these problems," said Philip Isherwood, equities strategist at Evolution Securities.

Here in the U.S., there are some signs investors' fears have eased. The VIX (VIX), commonly known as Wall Street's fear gauge, has fallen nearly 30% in the past five days.

"With bond yields too low and geopolitical unrest abroad, U.S. stocks have almost become a safe-haven play," said Nick Atkeson with Delta Investment Management.

Despite the gains, volume was light in Thursday's session with 4 billion shares changing hands at the New York Stock Exchange. An average mid-week session is usually closer to 5 billion shares.

U.S. stocks finished higher Wednesday, thanks to a late-day advance, as investors shrugged off jitters about turmoil in the Middle East and Japan's nuclear issues.
0:00 /00:51Red Hat's cloud bet

Companies: Walgreen Co. (WAG, Fortune 500) said early Thursday it will buy online retailer Drugstore.com (DSCM) for $409 million. Shares of Drugstore.com soared more than 113% on the news.

Best Buy (BBY, Fortune 500) shares fell 5% despite the company reporting earnings that squeaked past analyst estimates.

Shares of Oracle (ORCL, Fortune 500) were relatively flat in after-market trading following the software company's results that were mostly in line with expectations. Oracle said it earned 54 cents a share versus the 50 cents analysts were looking for. The company also raised its quarterly dividend to 6 cents a share.

Research in Motion (RIMM) shares plunged 8% in after-market action after the BlackBerry maker gave a weak first-quarter guidance.. RIMM's earnings were $1.78 per share versus the $1.75 a share analysts had expected.

Economy: Before the start of trade, the government reported weekly filings for first-time unemployment benefits that were roughly in line with expectations.

The Commerce Department reported durable goods orders fell 0.9% in February, compared with a 3.6% rise posted in January. Economists were expecting a 1.1% rise in February.

World markets: European stocks closed higher, shrugging off downbeat reports from Portugal and Spain. Britain's FTSE 100 added 1.5%, the DAX in Germany gained 1.9% and France's CAC 40 rose 1.4%.

Portugal's Prime Minister Jose Socrates resigned early Wednesday, after parliament rejected his administration's latest proposal for austerity measures, according to published reports. The government's plan was aimed at avoiding a bailout.

Meanwhile, ratings agency Moody's downgraded its debt ratings of 30 Spanish banks, saying the outlook remains weak.

Asian markets ended mixed. The Shanghai Composite fell less than 0.1%, the Hang Seng in Hong Kong closed 0.4% higher and Japan's Nikkei fell 0.2%.

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

Oil for May delivery fell 59 cents, or 0.6%, to $105.17 a barrel.

Gold futures for April delivery fell $3.10, or 0.2%, to $1,439.90 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.39% from 3.26% late Wednesday.

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Image Yahoo! Finance - Market Update

4:30 pm : There wasn't really room for positive spin on today's headlines, but stocks still scored strong gains as market participants showed renewed interest in risk.

The tone of trade today was positive from the start. Participants initially took their cues from Europe's major bourses, which all advanced around 1% or more in the face of a decision by Moody's to downgrade about 30 banks in Spain, the likelihood for a bailout of Portugal following the failure of its Parliament to pass austerity measures, and a mixed batch of economic data.

There wasn't much to boast about at home either. Data featured a 0.9% drop in overall durable goods orders for February and a 0.6% fall in orders less less transportation. The consensus among economists polled by Briefing.com had called for increases of 1.1% and 1.8%, respectively.

The latest weekly initial jobless claims count came in at 382,000, which is on par with the 384,000 initial claims that had been broadly expected.

Consumer electronics and home office supplies retailer Best Buy (BBY 30.13, -1.72) issued cautious commentary during its quarterly conference call that overshadowed the company's upside earnings surprise. The stock dropped to a two-year low after it had opened in positive territory.

Even amid lackluster headlines stocks still attracted strong buying interest. The effort even took the S&P 500 past the 1300 zone through secondary resistance above that point to a 10-day high.

Tech stocks, which collectively represent the largest sector by market weight, were a primary source of leadership. The sector climbed 1.6%. Large-cap tech issues like Research In Motion (RIMM 64.09, +1.97), which spiked above its 50-day simple moving average ahead of its earnings report, helped the Nasdaq Composite outperform its counterparts.

Financials lagged for the second straight session. Bank of America (BAC 13.48, -0.17) deepened its one-month low in the wake of yesterday's news that the Fed refused the bank's proposal to distribute capital to shareholders in the second half of 2011. Capital One Financial (COF 51.86, +0.45) was dealt the same decision, but its shares actually staged an impressive rebound. As a group, financials advanced just 0.5%.

Energy stocks were today's weakest performers. They gained just 0.3% after oil prices failed to sustain a move above $106 per barrel to settle essentially unchanged at $105.60 per barrel.

Precious metals came under pressure after pushing higher. Gold prices closed with a 3.1% loss at $1434.90 per ounce after the continuous gold contract traded to a new all-time high at $1448.60 per ounce. May silver ended settled with a 0.6% gain at $37.37 per ounce after it hit $38.18 per ounce, which is its highest level in more than 30 years.

For the third straight session share volume was unimpressive. That should pick up in coming sessions as money managers reposition their portfolios for quarter's end.

Advancing Sectors: Tech (+1.6%), Consumer Discretionary (+1.5%), Health Care (+1.2%), Industrials (+1.0%), Telecom (+0.9%), Consumer Staples (+0.8%), Finance (+0.5%), Materials (+0.4%), Utilities (+0.4%), Energy (+0.3%)
Declining Sectors: (None)DJ30 +84.54 NASDAQ +38.12 NQ100 +1.8% R2K +0.7% SP400 +1.0% SP500 +12.12 NASDAQ Adv/Vol/Dec 1674/1.99 bln/926 NYSE Adv/Vol/Dec 1947/868 mln/1013

3:30 pm : Commodities, outside of energy (-0.3%), finished higher today, led by a 2.3% rally in grains. May wheat surged 3.5% to close at $7.39 per bushel, helped by weather problems in major growing regions of the world.

April gold closed lower by 3.1% to $1434.90 per ounce. The continuous gold contract traded to a new all-time high at $1448.60 per ounce. May silver ended up 0.6% to $37.37 per ounce. It traded to a fresh ~30 yr high at $38.18. Both metals sold off sharply, however, from their respective highs heading into afternoon trade and closed well below those levels.

It was a relatively uneventful session for May crude oil, which closed just shy of unchanged at $105.60 per barrel. This morning's inventory data, which showed an in-line draw down, sent natural gas sharply lower. It closed off 1.9% to $4.33 per MMBtu. DJ30 +97.52 NASDAQ +41.35 SP500 +13.14 NASDAQ Adv/Vol/Dec 1573/1.6 bln/991 NYSE Adv/Vol/Dec 1955/595.5 mln/969

3:00 pm : The tone of trade has been positive all session. Steady buying interest has the S&P 500 sitting just off of its session high with the arrival of the final hour of the trading day.

While today's bid as been broad, participants have been particularly fond of tech stocks and consumer discretionary stocks. Both of those sectors are up 1.4%. Financials and energy issues have been less attractive to traders today; each is up just 0.3%. DJ30 +77.58 NASDAQ +35.22 SP500 +10.96 NASDAQ Adv/Vol/Dec 1584/1.44 bln/968 NYSE Adv/Vol/Dec 1997/553 mln/921

2:30 pm : The Nasdaq 100 has extended its rally to a 1.7% gain amid leadership from Research In Motion (RIMM 64.30, +2.18), which has pushed through its 50-day simple moving average to set a fresh session high ahead of its earnings report tonight. Also on the earnings calendar, Accenture (ACN 51.88, +1.21), Oracle (ORCL 32.11, +0.70), and Darden Restaurants (DRI 47.70, +0.43) are scheduled to report tonight.DJ30 +75.95 NASDAQ +34.45 SP500 +10.47 NASDAQ Adv/Vol/Dec 1563/1.33 bln/980 NYSE Adv/Vol/Dec 1914/515 mln/977

2:00 pm : Pressure against Treasuries over the past two sessions has sent the yield on the benchmark 10-year Note about 10 basis points higher, but it has yet to push past 3.40%. Still, the Note's yield stands at its highest level in more than a week.

Meanwhile, oil prices have come under increased pressure in recent trade. In turn, the energy component now trades at slightly less than $105 per barrel, which is a fresh session low, with a 0.8% loss. DJ30 +75.53 NASDAQ +32.02 SP500 +9.83 NASDAQ Adv/Vol/Dec 1481/1.24 bln/1058 NYSE Adv/Vol/Dec 1841/472 mln/1039

1:30 pm : Oil prices had been up above $106 per barrel earlier today, but they have since pulled back to to $105.25 per barrel, which makes for a 0.5% loss.

Oil's pullback has undermined the energy sector, which is now up just 0.1%. Chevron (CVX 105.36, -0.12) has been taken to a narrow loss as participants disregard news that the company received a new offshore drilling permit. Oilfield services play Halliburton (HAL 45.69, -0.70) is actually one of the worst performing energy plays this session. DJ30 +80.15 NASDAQ +32.32 SP500 +9.83 NASDAQ Adv/Vol/Dec 1524/1.14 bln/1005 NYSE Adv/Vol/Dec 1872/438 mln/989

1:00 pm : Broad-based buying has taken the stock market through near-term resistance to an impressive gain. Strong buying in Europe set the stage.

Despite speculation that Portugal may need a bailout following the failure of its Parliament to pass austerity measures and news that about 30 Spanish banks were downgraded, Europe's major bourses moved higher in the latest round of trade. Their ability to bounce in the face of those headlines suggests that the news wasn't entirely a surprise, but also reflects a willingness among participants to return to risk.

The positive mood among market participants also comes amid generally unimpressive data. After Europe posted a rather mixed batch of PMI reports, domestic data indicated that the latest initial jobless claims tally totaled 382,000, which is in stride with the 384,000 that had been broadly expected. Overall durable goods orders for February fell 0.9% while orders less transportation fell 0.6%. Increases had been expected by most economists.

Favor for stocks in the face of uninspiring headlines has helped the S&P 500 move above 1300 after it had encountered resistance there in each of the past two sessions. Technical traders now point to 1308 as a key area.

Tech stocks are up 1.2%, which makes them this session's best performers. Red Hat (RHT 46.71, +6.74) has been a standout in the space following its upside earnings surprise and strong forecast.

Broad market support has lifted the financial sector to a modest gain after it had spent most of the morning in the red. However, shares of Bank of America (BAC 13.38, -0.27) continue to come under pressure following news of the Fed's refusal to accept the bank's proposal to distribute capital to shareholders in the second half of 2011. The Fed's same unflattering distinction cut down shares of Capital One Financial (COF 51.87, +0.46), but it has since rebounded to an impressive gain.

Best Buy (BBY 30.73, -1.12) had benefited from early buying interest on the back of better-than-expected earnings, but the stock has since dropped deeply into negative territory. The downturn stems from disappointment over the company's comments during its conference call.

Strength in stocks hasn't stopped interest in traditional safe havens gold and silver. Gold prices are currently up 0.4% to about $1444 per ounce after the yellow metal set a new record high. Silver prices are up 1.7% to $37.82 per ounce after they set a 30-year high earlier. DJ30 +67.93 NASDAQ +29.26 SP500 +8.60 NASDAQ Adv/Vol/Dec 1536/1.05 bln/974 NYSE Adv/Vol/Dec 1874/400 mln/994

12:30 pm : The stock market has stretched to a fresh session high. The effort has lifted the financial sector out of the red to a solid gain of 0.4%. Bank of America (BAC 13.47, -0.18) continues to trade with a marked loss, though.

Consumer discretionary stocks currently represent this session's top performing sector. Collectively, they are up 1.5%, but Best Buy (BBY 30.56, -1.29) is no longer the leader that it was in the early going. Participants had initially reacted to news of the retailer's better-than-expected bottom line, but the sentiment in the stock completely soured with the company's conference call. DJ30 +84.69 NASDAQ +32.77 SP500 +10.38 NASDAQ Adv/Vol/Dec 1691/945 mln/811 NYSE Adv/Vol/Dec 2038/360 mln/792

12:00 pm : For two straight sessions the S&P 500 failed to push through resistance in the 1300 zone, but that point has been overtaken with relative ease today. The stock market's climb comes amid broad-based buying, which has given advancing issues a 2-to-1 advantage over declining issues on the NYSE. Advancing volume to declining volume is greater than 3-to-1 on the NYSE.

For the past few sessions share volume on the Big Board has been rather unimpressive. Part of that is owed to an absence of catalysts, which would ordinarly pull market participants off of the sidelines. However, with the approach of quarter's end, stocks could see some increased share volume as money managers juggle their holdings and rebalance portfolios. DJ30 +73.64 NASDAQ +31.01 SP500 +9.80 NASDAQ Adv/Vol/Dec 1571/820 mln/886 NYSE Adv/Vol/Dec 1907/315 mln/907

11:30 am : Tech stocks, which collectively represent the largest sector by market weight, have pushed up to a 1.2% gain. The move has come amid broad support, but Red Hat (RHT 46.71, +6.74) has been the sector's strongest performer, thanks to the company's upside earnings surprise and strong forecast. Despite their 17% surge, shares of RHT aren't quite back to the 52-week high that they set in December.

Favor for tech stocks this session has been particularly helpful to the tech-rich Nasdaq, which has run ahead of the other headline indices to trade at a new 10-day high. DJ30 +66.57 NASDAQ +28.87 SP500 +8.77 NASDAQ Adv/Vol/Dec 1513/693 mln/913 NYSE Adv/Vol/Dec 1886/273 mln/896

11:00 am : Despite news that Portugal's parliament failed to pass austerity measures and the European Union may have to implement a bailout, the dollar hasn't seen any interest as a safe haven. Instead, the Dollar Index spent most of the morning around the 75.80 area, but recently fell to a 0.4% loss at 75.50, which marks a session low.

Meanwhile, the euro dipped to $1.405 overnight, but then rallied following reports that analysts at Moody's downgraded about 30 banks in Spain. The euro was able to take news of the downgrades in stride as many had already anticipated such an announcement. Support for the euro also stems from growing expectations for a rate hike by the European Central Bank at its April meeting.

As for the British pound, it slipped back to the $1.614 area. The recent release of minutes from the latest Bank of England meeting made it seem that an interest rate hike is unlikely in the immediate future. What's more, the government there trimmed its growth forecast to 1.7% from 2.1%.

Japan's yen continues to drift along in the 80.80 (yen per dollar) area. The currency has been stuck in limbo following last week's intervention by the country's central bank to keep the yen from weakening.DJ30 +77.92 NASDAQ +28.60 SP500 +9.16 NASDAQ Adv/Vol/Dec 1336/535 mln/1040 NYSE Adv/Vol/Dec 1542/212 mln/1207

10:35 am : April natural gas spent the morning in positive territory and was modestly higher ahead of today's inventory data. Following the data, which showed a draw of 6 bcf versus consensus of a draw of 8 bcf, natural gas pulled back to the flat line and is now unchanged at $4.34 per MMBtu.

May crude oil rose into positive territory in recent trade and is currently up 0.3% at $106.11 per barrel.

April gold has been choppy this morning and is currently just above the unchanged line at $1440.80 per ounce. May silver is strong again as it's up for a fifth consecutive session. Also, this morning, it hit contract highs of $37.925 per ounce and is currently up 1.6% at $37.80 per ounce.
DJ30 +29.56 NASDAQ +12.17 SP500 +3.29 NASDAQ Adv/Vol/Dec 1186/370.1 mln/1060 NYSE Adv/Vol/Dec 1265/148.2 mln/1396

10:00 am : Shares of Bank of America (BAC 13.38, -0.27) were pressured during the prior session in response to news that the firm's proposal to distribute capital to shareholders in the second half of 2011 was refused by the Fed, but renewed selling efforts have taken the stock another leg lower this morning. The stock is still up about 2% from the three-month low that it set during December.

In a similar vein, Capital One Financial (COF 50.25, -1.16) shares have come under sharp pressure following news that the financial outfit had its proposal to distribute additional capital to shareholders refused. In turn, the firm announced that it will keep its dividend at $0.05 per share.

Overall weakness among financial stocks has the sector stuck in the red with a 0.3% loss.DJ30 +33.64 NASDAQ +8.52 SP500 +2.15 NASDAQ Adv/Vol/Dec 1338/198 mln/798 NYSE Adv/Vol/Dec 1616/85 mln/955

09:45 am : A broad bid in the early going has helped the S&P 500 move a couple of points past the 1300 line for the first time in over a week. The benchmark index is having difficulty extending its advance, though.

Financials are a source of weakness for the second straight session. They are collectively down 0.2% and represent the only major sector that has failed to find higher ground this morning.

As a group, consumer discretionary stocks are sporting some of the strongest gains. The sector is up an enviable 0.7% as Best Buy (BBY 32.21, +0.36) bounces following a better-than-expected earnings report. DJ30 +52.68 NASDAQ +13.41 SP500 +3.78

09:15 am : S&P futures vs fair value: +7.10. Nasdaq futures vs fair value: +14.50. Stock futures suggest that the major equity averages will open with a modest gain, but the S&P 500 could still encounter resistance in the 1300 zone, which has stymied the stock market's efforts to turn higher in each of the past two sessions. Although stocks have been helped this morning by a positive tone of trade in Europe, domestic economic data has failed to bolster buying interest. The latest doses of data featured an in-line initial jobless claims tally and a surprisingly steep drop in durable goods orders for February. Although Best Buy (BBY) posted an upside earnings surprise for the latest quarter, corporate news hasn't offered any real catalyst to the upside either.

09:00 am : S&P futures vs fair value: +6.10. Nasdaq futures vs fair value: +14.00. Futures for the S&P 500 are off of their morning highs, but continue to sport a nice lead over fair value. Strength among Europe's major bourses has helped provide a positive backdrop to trade. Europe's gains today come in the face of news that analysts at Moody's downgraded about 30 banks in Spain and word that Portugal may need a bailout following the failure of its Parliament to pass austerity measures. That failure prompted the resignation of the country's Prime Minister. Germany reported some mixed PMI readings for March. The country's Manufacturing PMI came in at 60.9, down from 62.7 in February. Its Services PMI improved to 60.1 from 58.6 in February. Germany's DAX was last quoted with a 1.6% gain. France's CAC is up 1.0%. The country's perliminary PMI Manufacturing reading came in at 56.6, which is an improvement from the 55.7 that had been posted for February. France's Business Confidence Indicator for March came in at 109, up from 106 in the prior month. Britain's FTSE is up 1.0%. Shares of retailers have been strong after a few industry players reported their latest quarterly results. That has overshadowed news that retail sales in the United Kingdom fell 0.8% in February after a downwardly revised 1.5% increase for January.

Asia's major averages moved in more mixed fashion overnight. Japan's Nikkei slipped to a 0.2% loss. Automakers were among the weakest issues, but general concerns about progress in restoring damaged nuclear facilities continue. Mainland China's Shanghai Composite settled unchanged for the day. The country's HSBC Manufacturing PMI for March came in at 52.5, which is an improvement from the 51.7 that was posted during the prior month. CNOOC (CEO) posted its latest quarterly report, which featured stronger-than-expected earnings. Shares of CEO offered leadership to Hong Kong's Hang Seng, which put together a 0.4% gain.

08:35 am : S&P futures vs fair value: +7.10. Nasdaq futures vs fair value: +14.50. Stock futures have slipped in response to the latest dose of data. Initial jobless claims for the week ended March 19 totaled 382,000, which is in stride with the 384,000 that had been broadly expected among economists polled by Briefing.com. Initial claims for the prior week were revised upward to 387,000. Continuing claims came down slightly to 3.721 million from 3.723 million. Separately, durable goods orders for February fell 0.9%, which contrasts with the Briefing.com consensus call for a 1.1% increase. Overall orders for the prior month were revised higher to reflect a 3.6% increase. Excluding transportation, durable goods orders for February fell 0.6%, which is a negative surprise considering that a 1.8% increase had been expected, on average, among economists surveyed by Briefing.com after the prior month's 3.0% drop.

08:00 am : S&P futures vs fair value: +9.40. Nasdaq futures vs fair value: +18.50. Stock futures currently sport a solid lead over fair value. Support comes amid strong gains among Europe's major bourses, which have pushed higher despite the decision by analysts at Moody's to downgrade about 30 Spanish banks, rising speculation that Portugal will need a bailout after its Parliament refused austerity measures, and relatively mixed data from the major eurozone nations. Oil prices are up above $106 per barrel in electronic trade. Gold prices are up, too; they were last quoted with a 0.3% gain at almost $1442 per ounce. Today's calendar features the latest initial jobless claims tally and durable goods orders, both of which are due at the bottom of the hour. Natural gas inventory data are due at 10:30 AM ET. Results from an auction of 10-year TIPS are due at 1:00 PM ET.

06:29 am : [BRIEFING.COM] S&P futures vs fair value: +4.70. Nasdaq futures vs fair value: +13.00.

06:29 am : Nikkei...9435.01...-14.50...-0.20%. Hang Seng...22915.28...+89.90...+0.40%.

06:29 am : FTSE...5840.2...+44.30...+0.80%. DAX...6852.13...+47.30...+0.70%.

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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