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 Post subject: April 29th Friday 2011 Emini TF ($TF_F) points +11.30
PostPosted: Sat Apr 30, 2011 10:49 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 2975
Location: Canada
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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)
Attachment:
042911-wrbtrader-PnL-Blotter-Profit-1130.png
042911-wrbtrader-PnL-Blotter-Profit-1130.png [ 28.23 KiB | Viewed 188 times ]

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

Trade Performance for Today: +11.30 points or $1130.00 dollars in the Russell 2000 Emini TF ($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=823.

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=137&t=1015

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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 Finish April Sharply Higher
Attachment:
042911-Key-Price-Action-Markets.png
042911-Key-Price-Action-Markets.png [ 513.08 KiB | Viewed 174 times ]

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

By Ken Sweet, contributing writer
April 29, 2011: 5:04 PM ET

NEW YORK (CNNMoney) -- Stocks posted gains Friday to finish their best month this year, as investors got a confidence boost from strong earnings out of Caterpillar.

"The market feels a little on the high side, but these good earnings figures are keeping stocks slowly moving higher," said Frank Davis, director of sales and trading at LEK Securities.

The Dow Jones industrial average (INDU) rose 47 points, 0.4%, to finish at 12,811, closing at a fresh multi-year high. The Dow ended the week up 2.4% and finished the month with a gain of 4.3%.

Economic bellwhether Caterpillar (CAT, Fortune 500) helped lift the Dow, after the company said its bottom line got a boost due to strong demand for bulldozers and other heavy machinery. Shares closed up 2.5%.

The S&P 500 (SPX) closed up 3 points, or 0.2%, to end at 1,365. The index finished the week up 2% and the month with a gain of 3.3%. The Nasdaq Composite (COMP) rose 1 point, or less than 0.1%, to 2,874, closing up 1.9% for the week and adding 4.2% in April.

The tech-heavy Nasdaq was weighed down by shares of Research in Motion (RIMM), which plummeted 14% after the BlackBerry maker warned of weaker sales.

* Video - BlackBerry bruised by rivals

Investors remain nervous about the economy and inflation. The Fed has been pretty clear that interest rates aren't likely to budge this year. Meanwhile, gold and silver continue to hit new highs as the U.S. dollar keeps sliding, falling to a three-year low against the euro.

Despite the nervousness, April was the best month for the three indexes since December.

On Thursday, U.S. stocks rose to multi-year highs, as investors looked beyond a series of mixed earnings reports and disappointing GDP and jobless claims reports.

Companies: Dow components Chevron (CVX, Fortune 500) and Merck (MRK, Fortune 500) reported better-than-expected earnings before the opening bell.

Merck's quarterly profit tripled on strong drug sales, while Chevron reported a 26% jump in quarterly net income, driven by higher energy prices. Shares of both companies closed up roughly 0.5%

Late Thursday, Microsoft reported a 31% surge in quarterly profit, on strong Office and Kinect sales. But not all the news was good, as netbook sales fell 40%. Microsoft's (MSFT, Fortune 500) stock slipped 4% - its worst daily performance since 2009.

Goodyear Tire shares jumped 12% after the company reported better than expected results, mostly because the company was able to raise prices.

Economy: The Commerce Department said Friday that U.S. personal spending rose 0.6% in March, slightly better than the 0.5% expected by economists. Personal incomes rose 0.5% compared with economists' forecast of a rise of 0.4%.

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

Oil for June delivery closed up 84 cents at $113.71 a barrel.

* High oil prices are here to stay

Gold futures for June delivery settled at a new record high of $1,569.80 an ounce.

Gold prices are benefiting from weakness in the dollar, said David Wyss, chief economist for Standard & Poor's.

"You have to put your money somewhere," he said. "Right now people are afraid because of low interest rates and unsustainable budget deficits."

Bonds: The price on the benchmark 10-year U.S. Treasury slipped, pushing up the yield slightly to 3.32%.

World markets: On Friday, the London Stock Exchange was closed for the royal wedding.

European markets closed mixed. The DAX in Germany added 0.4% and France's CAC 40 closed mostly unchanged, down less than 0.1%.

Asian markets ended the session mixed. The Shanghai Composite rose 0.8%, while the Hang Seng in Hong Kong slipped 0.4%. Japan's Nikkei was closed for holiday.

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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