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 Post subject: April 21st Thursday 2011 Emini TF ($TF_F) points +3.10
PostPosted: Wed Apr 27, 2011 4:48 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)
Attachment:
042111-wrbtrader-PnL-Blotter-Profit-310.png
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click on the above image to view today's trading summary

Trade Performance for Today: +3.10 points or $310.00 dollars in the Russell 2000 Emini TF ($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=817.

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 - Dow Ends Week At Nearly 3-Year High
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click on the above image to view today's price action of key markets

By Hibah Yousuf, staff reporter
April 21, 2011: 4:29 PM ET

NEW YORK (CNNMoney) -- U.S. stocks advanced for a third straight session Thursday, with the Dow closing at almost a 3-year high following a slew of strong earnings.

But disappointing readings on regional manufacturing and the labor market kept a lid on the gains, reminding investors that the economy is still fragile.

The Dow Jones industrial average (INDU) added 52 points, or 0.5%, to end at 12,505.99, its highest level since June 2008. The gains were led by a nearly 4% surge in shares of Travelers (TRV, Fortune 500), while IBM's (IBM, Fortune 500) and Alcoa's (AA, Fortune 500) stocks rose about 2%.

The S&P 500 (SPX) rose 7 points, or 0.5%, with shares of Biogen Idec (BIIB, Fortune 500) and SLM (SLM, Fortune 500) jumping about 15%. Biogen delivered a strong quarterly profit, while SLM, the student loan lender known as Sallie Mae, reinstated its quarterly dividend after four years and authorized a $300 million share repurchase programs.

The Nasdaq Composite (COMP) advanced 18 points, or 0.6%. Biogen Idec, F5 Networks (FFIV), Qualcomm (QCOM, Fortune 500) and Apple (AAPL, Fortune 500) were among the biggest winners on the tech-heavy index after posting healthy quarterly earnings. (Apple doubles its profit)

For the week, all three major indexes finished higher. The Dow and S&P 500 climbed about 1.3%, while the Nasdaq increased 2%. The stock markets are closed Friday in observance of Good Friday.

Thursday's gains were tempered by reports that showed a sharp slowdown in manufacturing activity in the mid-Atlantic region in April and lower-than-expected jobless claims.

The Philadelphia Federal Reserve said its manufacturing activity index dove to 18.5 from 43.4 the prior month. Economists were expecting the figure to drop to 33.

Even with the dampening effect of those economic reports, analysts say earnings will continue to be the main driver to push stocks higher.

About 70% of the companies in the S&P 500 have been beating Wall Street expectations quarter after quarter recently, noted Matt King, chief investment officer at Bell Investment Advisors.

Positive earnings also spurred a stock rally on Wednesday, with the Dow rising nearly 200 points and the Nasdaq climbing 2%, as Wall Street cheered solid earnings results out of the technology sector.
0:00 /The power of the iPhone

Companies: Shares of General Electric (GE, Fortune 500) dropped more than 2% Thursday. The Dow component's stock was higher at the start of trading after the company delivered solid first-quarter earnings and raised its quarterly dividend.

GE has been under pressure lately, facing criticism about its 2010 taxes and role in the nuclear crisis following Japan's March 11 earthquake. GE designed all six nuclear reactors at Japan's Fukushima Daiichi nuclear power plant.

Shares of Yum Brands (YUM, Fortune 500) climbed more than 4% after the fast food operator posted higher first-quarter earnings on rapid growth in China.

Morgan Stanley's (MS, Fortune 500) stock spiked 1.7% after the bank beat estimates with its first-quarter profit.

World markets: European stocks closed mixed. Britain's FTSE 100 slipped 0.1%, but the DAX in Germany rose 0.6% and France's CAC 40 gained 0.4%.

Asian markets ended higher. The Shanghai Composite rose 0.7%, the Hang Seng in Hong Kong added 1% and Japan's Nikkei advanced 0.8%.

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

* Why oil and gas aren't in sync

Oil for June delivery rose 84 cents to settle at $112.29 a barrel.

Gold futures for June delivery settled at a record $1,503.80 an ounce, after rising to an intraday trading record of $1,509.60.

Bonds: The price on the benchmark 10-year U.S. Treasury was unchchanged, and the yield held steady at 3.40%.

Image

Image Yahoo! Finance - Market Update

4:35 pm : Stocks finished this holiday-shortened week on a high note, thanks largely to another big batch of better-than-expected earnings. Broad buying during the past two sessions gave the Dow and S&P 500 weekly gains of little more than 1%, but the Nasdaq Composite climbed 2% this week.

The Nasdaq outperformed its counterparts during the past couple of sessions with help from large-cap tech issues. Intel (INTC 21.46, +0.05) was a leader among tech issues in the prior session, but today Apple (AAPL 350.70, +8.29) and Qualcomm (QCOM 56.94, +1.67) were primary benefactors of the tech sector's bounce. As a group, tech stocks scored a 1.0% gain.

Materials stocks lack the collective weight of tech issues, but their 1.1% gain didn't go unnoticed. DuPont (DD 55.91, +0.54) was a strong performer following its upside earnings surprise. Better-than-expected results also helped Newmont Mining (NEM 59.23, +0.38) settle higher, although the stock surrendered some of its gains.

Financials put together their best gain of the week by advancing 0.6%. Dow component Travelers (TRV 61.32, +2.19) was a leader as its shares climbed to a record year high with help from strong quarterly results. Consumer finance play Capital One (COF 53.26, +2.73) also surged, but peer American Express (AXP 47.11, +0.11) put together only a modest gain amid a positive earnings surprise. Morgan Stanley (MS 26.48, +0.44) also had a stronger-than-expected quarter, but the stock forfeited some of its gains.

Blue chips General Electric (GE 19.95, -0.45), Verizon (VZ 36.91, -0.88), and McDonalds (MCD 76.91, -1.49) both had better-than-expected bottom lines, but neither scored a gain. GE actually augmented its report with a dividend hike.

Pfizer (PFE 19.79, -0.60) fell sharply after reports indicated that deaths were reported in relation to one of the company's drug tests. Amgen (AMGN 53.69, -2.49) was also a source of weakness following its latest quarterly report, but an upside earnings surprise from UnitedHealth (UNH 47.81, +3.57) offered some support to the overall health care sector, which settled with a tame gain of 0.3%.

Data, although generally disappointing, did little to disrupt today's broad market advance. Initial jobless claims for the week ended April 16 totaled 403,000, which is greater than the 390,000 claims that had been expected, on average, among economists polled by Briefing.com. Week over week, initial claims came down by 13,000. As for continuing claims, they fell 7,000 week over week to 3.70 million.

The latest Philadelphia Fed Index for April dove sharply to 18.5 from 43.4 in the prior month. It had been expected to come in at 33.0.

Leading Indicators for March increased 0.4%. That is down from the 0.8% increase in the prior month, but greater than the 0.2% increase that had been widely expected.

As a reminder, the observance of Good Friday will keep U.S. markets closed tomorrow.

Advancing Sectors: Materials (+1.1%), Tech (+1.0%), Consumer Discretionary (+0.6%), Financials (+0.6%), Energy (+0.6%), Health Care (+0.3%), Telecom (+0.3%), Utilities (+0.2%), Industrials (+0.2%)
Unchanged: Consumer Staples
Declining Sectors: (None)DJ30 +52.45 NASDAQ +17.65 NQ100 +0.8% R2K +0.7% SP400 +0.6% SP500 +7.02 NASDAQ Adv/Vol/Dec 1532/1.87 bln/1040 NYSE Adv/Vol/Dec 1960/811 mln/1022

3:30 pm : Weakness in the dollar once again helped select commodities move higher today. June gold rallied for 0.3% to close at $1504.00 per ounce, while May silver surged 3.8% to settle at $46.13 per ounce. Once again, the metals rallied to fresh all-time and 31 yr highs, respectively. In overnight trade, gold traded to $1509.60, while silver traded to $46.40 per ounce in pit trade.

May natural gas rallied on the back of this morning's inventory data to close higher by 2.4% to $4.41 per MMBtu. A smaller-than-expected build helped natural gas traded to its best since April 1. June crude oil finished up 0.8% to $112.29 per barrel. On the week, crude gained 2.4%. Today's rally was underpinned by weakness in the dollar as well. DJ30 +26.60 NASDAQ +14.55 SP500 +5.12 NASDAQ Adv/Vol/Dec 1356/1.5 bln/1185 NYSE Adv/Vol/Dec 1812/576.2 mln/1153

3:00 pm : Participants have been inundated with earnings reports, but the flow slows a bit tonight. Advanced Micro Devices (AMD 8.67, +0.04) and SanDisk (SNDK 49.10, +0.65) are among the more widely held names scheduled to report after the close. No major companies are slated to report tomorrow, which is Good Friday. U.S. markets, both bond and stock, will be closed tomorrow in its observance.DJ30 +29.93 NASDAQ +15.29 SP500 +5.80 NASDAQ Adv/Vol/Dec 1361/1.40 bln/1161 NYSE Adv/Vol/Dec 1821/508 mln/1125

2:30 pm : In-line earnings from Southwest Airlines (LUV 11.38, -0.25) have been met with a negative response among today's traders. That has dropped the stock to a 2% loss. Shares of LUV actually set a new six-month low this morning. Weakness in shares of LUV hasn't exactly imbued the rest of the airline space, given that shares of US Airways (LCC 8.12, -0.02) and Delta Air Lines (DAL 9.12, +0.05) are mixed in current trade.DJ30 +30.61 NASDAQ +15.98 SP500 +6.18 NASDAQ Adv/Vol/Dec 1321/1.31 bln/1211 NYSE Adv/Vol/Dec 1781/469 mln/1158

2:00 pm : Health care stocks have taken a sharp turn lower in recent trade, leaving the sector to trade with only a fractional gain. The downturn comes as Pfizer (PFE 19.52, -0.87) drops precipitously to a session low. Initial chatter suggests that there is concern about Eular abstracts. Abbot Labs (ABT 52.37, +1.57) has pushed sharply higher in response.DJ30 +25.01 NASDAQ +13.43 SP500 +5.45 NASDAQ Adv/Vol/Dec 1303/1.21 bln/1218 NYSE Adv/Vol/Dec 1757/430 mln/1174

1:30 pm : The U.S. Treasury market closes in 30 minutes. It will remained closed tomorrow, along with the U.S. equity market, in observance of Good Friday. Treasuries are up with only narrow gains in the waning minutes of this session. That has kept the yield on the benchmark 10-year Note at 3.40%. Meanwhile, the United Kingdom's 10-year Note is currently yielding 3.43%; France's 10-year Note currently yields 3.61%; Germany's 10-year Bund yields 3.26%, and; Japan's 10-year Note yields 1.24%.DJ30 +32.01 NASDAQ +14.31 SP500 +5.94 NASDAQ Adv/Vol/Dec 1328/1.13 bln/1184 NYSE Adv/Vol/Dec 1801/401 mln/1114

1:05 pm : The major equity averages have modestly extended the prior session's sharp rally. The effort comes on the back of a big batch of earnings.

Apple (AAPL 352.12, +9.71) and Qualcomm (QCOM 56.85, +1.58) both posted pleasing results for the latest quarter, helping drive the tech sector to a 1% gain.

Financials have even garnered support after they had lagged in the past couple of sessions and even faltered this morning. That sector is up 0.6% amid leadership from Morgan Stanley (MS 26.61, +0.57), BlackRock (BLK 197.78, +4.06), and Dow component Travelers (TRV 60.98, +1.85). However, consumer finance plays Capital One (COF 53.45, +2.92) and American Express (AXP 47.18, +0.18) are up with varied gains while regional banks Fifth Third (FITB 13.12, -0.20), SunTrust (STI 27.26, -0.37), and BB&T (BBT 25.78, -0.81) have struggled. All of them announced earnings that exceeded what Wall Street had expected.

General Electric (GE 19.97, -0.43) also announced upside earnings and threw in a dividend hike. Fellow industrial outfit Honeywell (HON 60.83, +2.09) had stronger-than-expected earnings of its own, but complemented its report with an improved forecast.

Dow component McDonalds (MCD 77.11, -1.29) has handed back all of yesterday's gain, despite strong earnings. Chipotle Mexican Grill (CMG 278.60, -9.50) has also dropped, despite better-than-expected earnings and its addition to the S&P500. However, Yum! Brands (YUM 54.44, +2.89) has spiked to a new 52-week high, even though earnings from the owner of KFC, Pizza Hut, Taco Bell, and Long John Silver's came short of the consensus estimate.

Health care stocks are off of session highs, but they continue to sport a collective gain of 0.7% following a strong response to the latest results from UnitedHealth (UNH 47.83, +3.59) and Boston Scientific (BSX 7.29, +0.21). Amgen (AMGN 53.46, -2.72) has dropped sharply following its latest quarterly report.

Neither Schlumberger (SLB 89.90, +2.01) nor Noble (NE 42.31, -1.12) managed to meet earnings estimates, but Diamond Offshore (DO 77.65, +1.25) posted an upside surprise. The energy sector has managed to muster a modest gain of 0.3%. Oil prices trade with the same gain at $111.75 per barrel.

To an extent, the barrage of earnings reports has overshadowed today's data, which have been generally disappointing. Specifically, the latest initial jobless claims tally totaled a greater-than-expected 403,000 and the Philadelphia Fed Index for April fell precipitously to 18.5, which is less than expected. Leading indicators for March increased by a stronger-than-expected 0.4%, though. DJ30 +37.58 NASDAQ +15.23 SP500 +6.36 NASDAQ Adv/Vol/Dec 1351/1.05 bln/1142 NYSE Adv/Vol/Dec 1777/372 mln/1107

12:30 pm : The major equity averages are drifting along sideways in relatively quiet trade, but the action has allowed stocks to hold steady to this session's gains. The stock market's recent strength has left the S&P 500 less than 10 points shy of its 52-week high.DJ30 +31.64 NASDAQ +14.52 SP500 +6.18 NASDAQ Adv/Vol/Dec 1322/960 mln/1148 NYSE Adv/Vol/Dec 1737/340 mln/1122

12:00 pm : Despite upside earnings surprises and reaffirmed guidance from both Verizon (VZ 37.01, -0.78) and American Electric (AEP 35.33, -0.20), their shares are under pressure. Their losses reflect the market's lack of interest in stodgier plays this session. That said, though, Philip Morris International (PM 67.84, +1.36) is up 2% following its latest quarterly report, which featured an upside earnings surprise, but had the added distinction of upside guidance.DJ30 +30.73 NASDAQ +15.18 SP500 +6.13 NASDAQ Adv/Vol/Dec 1312/843 mln/1146 NYSE Adv/Vol/Dec 1706/312 mln/1130

11:30 am : Financials faltered in the early going, but the sector has battled back to a 0.5% gain. Although that is only in line with what the broader market is achieved, it marks a change in tone from the past couple of sessions, which saw the sector trade as a laggard. Investment banks and brokerages have been a key source of support for the sector following strong results from Morgan Stanley (MS 26.62, +0.58).DJ30 +25.88 NASDAQ +14.33 SP500 +6.01 NASDAQ Adv/Vol/Dec 1287/732 mln/1147 NYSE Adv/Vol/Dec 1663/265 mln/1149

11:00 am : Tech stocks are outperforming for the second straight session. Semiconductor stocks were a primary source of strength for the tech sector yesterday, when they collectively climbed more than 3%, but today they are down about 0.4%. Replacing semiconductors as tech leaders are Apple (AAPL 351.04, +8.63) and Qualcomm (QCOM 56.75, +1.48), which both posted pleasing quarterly reports. Western Digital (WDC 41.42, +0.75) has also provided a boost to the sector, even though the company's latest earnings were only in line with expectations and the firm offered downside guidance during its conference call.DJ30 +11.24 NASDAQ +11.10 SP500 +4.77 NASDAQ Adv/Vol/Dec 1216/575 mln/1177 NYSE Adv/Vol/Dec 1559/210 mln/1214

10:35 am : Natural gas ran up to new session highs of $4.35/MMBtu about 30 minutes before pit trading began earlier this morning. Over the next hour, it pulled back over 1% and fell into negative. Just ahead of inventory data, natural gas was about 0.2% higher at $4.32/MMBtu. Following the data, which showed a build of 47 bcf versus consensus of a build of 50 bcf, natural gas moved to new session highs and is now up 0.6% at $4.33/MMBtu.

Crude oil was in positive territory during the overnight and morning session. When pit trading began crude gained steam for just over 10 minutes before pulling back almost $1/barrel and falling into the red. Crude extended losses, but remained above the $111.00/barrel level. In current activity, crude is $0.01 lower at $111.44/barrel.

Precious metals have been higher all session. Gold hit another new all-time highs this morning at $1509.60/oz and is currently 0.4% higher at $1504.20/oz. Silver hit new ~31 year highs of $46.27/oz. Silver is currently up 3.2% higher at $45.90/oz.

Overnight, grains posted modest gains. Wheat rose 0.7% to $7.91/bu, corn rose 0.6% to $7.37/bushel and soybeans gained 0.4% to $13.63/bu.DJ30 +19.56 NASDAQ +9.91 SP500 +4.62 NASDAQ Adv/Vol/Dec 1146/413.3 mln/1161 NYSE Adv/Vol/Dec 1465/167.1 mln/1258

10:05 am : Stocks have slipped in response to the latest dose of data. That has left the Dow at the flat line, but the S&P 500 and Nasdaq are still holding on to narrow gains.

The latest Philadelphia Fed Index dove sharply in April. It came in at 18.5 after it had been at 43.4 in the prior month. The consensus among economists polled by Briefing.com had called for an April reading of 33.0.

As for Leading Indicators, they increased 0.4% for March after a 0.8% increase in the prior month. Although leading indicators slowed in March, their increase still exceeds the 0.2% increase that had been widely expected.

Advancing Sectors: Health Care (+0.8%), Tech (+0.6%), Materials (+0.5%), Consumer Staples (+0.3%), Consumer Discretionary (+0.2%), Telecom (+0.2%), Utilities (+0.1%)
Declining Sectors: Financials (-0.1%), Industrials (-0.1%), Energy (-0.1%)DJ30 +5.07 NASDAQ +9.32 SP500 +3.54 NASDAQ Adv/Vol/Dec 1238/220 mln/997 NYSE Adv/Vol/Dec 1563/95 mln/1078

09:45 am : The major equity averages are up with solid gains this morning. Support is largely broad based, but financials continue to have a hard time attracting meaningful buying interest. In turn, the financial sector is up with only a fractional gain.

Although the overall financial sector hasn't been able to do much this morning, Morgan Stanley (MS 26.84, +0.80) is up 3% this morning, thanks to a pleasing quarterly report. Travelers (TRV 60.88, +1.75) is also up nicely, as is Capital One (COF 52.14, +1.61). However, American Express (AXP 46.21, -0.72) is down sharply. Regional banks Fifth Third (FITB 12.80, -0.52), SunTrust (STI 27.34, -0.29), and BB&T (BBT 25.38, -1.21) have offset some of their strength. DJ30 +13.25 NASDAQ +9.69 SP500 +4.69 NASDAQ Adv/Vol/Dec 1625/65 mln/473 NYSE Adv/Vol/Dec 1609/39 mln/484

09:15 am : S&P futures vs fair value: +7.90. Nasdaq futures vs fair value: +21.70. Although they are imperfect indicators, stock futures suggest that today's trade will open with a healthy gain, which will add to the 1% climb that the broad market made yesterday. Buying support continues to come on the back of better-than-expected earnings. A somewhat disappointing initial jobless claims tally tried to undermine enthusiasm, but participants are still looking forward to the Philadelphia Fed Index and the latest leading indicators (10:00 AM ET). Action abroad has further perpetuated a positive tone; many major global averages are building on their own recent gains. Commodities continue to find favor as well. As such, gold prices are back to trading a few dollars above $1500 per ounce while silver prices are up more than 3% so that they trade at their best levels in more than 30 years, close to $46 per ounce. Precious metals have been helped by both momentum and the dollar's ongoing doldrums. The greenback was last quoted with a 0.5% loss against the euro at $1.458. The euro actually set a new 16-month high of about $1.465 earlier this morning.

09:05 am : S&P futures vs fair value: +6.90. Nasdaq futures vs fair value: +20.70. Overseas markets have helped provide a positive backdrop to this morning's trade. In Europe, broad strength has the EuroStoxx 50 up 0.7%, which is enough to take it above its 50-day moving average for the first time in more than a month. Germany's DAX is up 0.7%, which comes on top of its near 3% surge in the prior session. France's CAC is currently up 0.5%. Britain's FTSE is lagging, though; it is mired near the neutral line. Metal and mining outfit Anglo American issued an interim statement on first quarter production that indicated platinum production is up 19%, nickel is up 27%, and copper is up 14%. Nokia (NOK) is headliner among European issues today -- the Finnish phone and handset maker posted strong quarterly results. As for data, retail sales in the United Kingdom increased 0.2% in March after a 0.8% decline in February. Germany's IFO Business Climate reading for April came in at 110.4, down from 111.1 in the prior month.

In Asia, Japan's Nikkei advanced 0.8% overnight. It was led by Fujitsu and TDK Corp. TDK was actually a laggard in the prior session. Tokyo Electric Power, or TEPCO, was a noteworthy laggard in the latest round of trade. Japan's final reading for its February Leading Index was unchanged at 104.2. Hong Kong's Hang Seng climbed another 1.0%, following a 1.6% advance in the prior session. Mainland China's Shanghai Composite put together a 0.7% gain after it had advanced only modestly the day before. Coal-related issues were leaders in its latest round of trade.

08:35 am : S&P futures vs fair value: +6.20. Nasdaq futures vs fair value: +18.70. Stock futures have eased back a bit following the release of the latest weekly jobless claims tally. Initial jobless claims for the week ended April 16 totaled 403,000, which is greater than the 390,000 claims that had been expected, on average, among economists polled by Briefing.com. Week over week, initial claims came down by 13,000. As for continuing claims, they fell 7,000 week over week to 3.70 million. The latest Philadelphia Fed Index and leading indicators reading are still on the calendar. They are both due at 10:00 AM ET.

08:05 am : S&P futures vs fair value: +8.70. Nasdaq futures vs fair value: +24.20. A barrage of better-than-expected earnings results has bolstered buying interest ahead of the open. Apple (AAPL) is among this morning's headliners; its shares are quoted nearly 5% higher following a pleasing report last evening. Per usual, though, the company issued a tepid forecast. Fellow Nasdaq component Qualcomm (QCOM) also posted pleasing results, and complemented its report with upside guidance. Dow components McDonalds (MCD), Verizon (VZ), General Electric (GE), and Travelers (TRV) all exceeded earnings expectations, too. Morgan Stanley (MS) also posted an upside surprise. Continued buying abroad has also helped sentiment ahead of today's open -- both Asia and Europe have staged strong gains. The latest weekly jobless claims count is due at the bottom of the hour. Leading economic indicators for March follow at 10:00 AM ET, which is also when the Philadelphia Fed Survey will be released. Natural gas inventory data are due at 10:30 AM ET. As a reminder, the U.S. trading week ends today; observance of Good Friday tomorrow will keep U.S. markets closed.

06:55 am : [BRIEFING.COM] S&P futures vs fair value: +10.30. Nasdaq futures vs fair value: +25.20.

06:55 am : Nikkei...9685.77...+79.00...+0.80%. Hang Seng...24138.31...+242.20...+1.00%.

06:55 am : FTSE...6033.20...+10.90...+0.20%. DAX...7298.52...+49.30...+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

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