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 Post subject: June 3rd Friday 2011 Emini TF ($TF_F) points +8.00
PostPosted: Fri Jun 03, 2011 11:55 pm 
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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:
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click on the above image to view today's trading summary

Trade Performance for Today: +8.00 points or $800.00 dollars in the Russell 2000 Emini TF ($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=91&t=881.

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=138&t=1058

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

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 Video) - Dow Average Has Longest Weekly Slump Since 2004 on Jobs

June 3 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks extended a fifth straight weekly drop, the longest slump for the Dow Jones Industrial Average since 2004, as slower-than-estimated growth in jobs fueled concern that earnings forecasts are too optimistic.

Image CNNMoney.com - Dow, S&P Fall For Fifth-Straight Week
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click on the above image to view today's price action of key markets

By Ken Sweet, contributing writer
June 3, 2011: 4:34 PM ET

NEW YORK (CNNMoney) -- U.S. stocks fell sharply on Friday, with the Dow and S&P falling for the fifth-straight week, as investors digested a disappointing May jobs report.

The Dow Jones industrial average (INDU) lost 97 points, or 0.8%, to end the week at 12,151. The Dow is on its longest weekly losing streak since July 2004.

The S&P 500 (SPX) lost 13 points, or 1%, to 1,300; and the Nasdaq Composite (COMP) shed 41 points, or 1.5%, to 2,733.

Friday's selling was broad, with 28 out of 30 Dow components ending the session lower. Economy-sensitive companies such as General Electric (GE, Fortune 500), Alcoa (AA, Fortune 500) and DuPont (DD, Fortune 500) were among the biggest drags on the blue chips.

Technology shares sold off in late-afternoon trading, with Research in Motion (RIMM) leading the declines on the Nasdaq along with by Nvidia (NVDA) and Amazon.com (AMZN, Fortune 500).

Investors also flocked to the safety of U.S. Treasuries, sending the yield on the 10-year note back under 3% for the third day in a row.

"I'm not giving up hope, but clearly the strength of the economic recovery is in question," said Rob Lutts, chief investment officer with Cabot Money Management.

Over the past few months, investors have been faced with increasing signs that the economic recovery is stalling. Stocks had their worst monthly performance in May since August 2010.

The government's May jobs report out on Friday only added to those worries.

* Bond experts to Congress: Don't mess it up

Employers added a mere 54,000 jobs last month, down from a downwardly revised 232,000 in the previous month. The unemployment rate nudged up to 9.1%.

While the jobs report figures were dismal, bullish traders said that the bad numbers were largely baked into the market already following Wednesday disappointing ADP private payrolls report.

"This week's economic reports have not done anything to inspire confidence," said David Levy portfolio manager with Kenjol Capital Management.

U.S. stocks closed mostly lower Thursday, with the Dow and S&P falling for a second day in a row.

* Warning: Economic recovery at risk

Economy: The Institute for Supply Management said its May services index rose to a reading of 54.6, beating the reading of 53.3 economists had forecasted. A reading of more than 50 signals an expansion in the sector.

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

Oil for July delivery dropped 18 cents to $100.22 a barrel.

Meanwhile, gas prices inched up for a second day, following a 20-day streak of declines.

Gold futures for July delivery rose $9.70 to $1,541.90 an ounce.

Companies: Wal-Mart (WMT, Fortune 500) announced a new $15 billion share repurchase program on Friday at its annual shareholder meeting. Shares of Wal-Mart edged higher.

Shares of Newell Rubbermaid (NWL, Fortune 500) dropped 12% after the company cut its full-year 2011 earnings and sales guidance.

The U.S. Treasury announced Friday it sold off its last remaining stake of Chrysler Group LLC to Italian automaker Fiat, which already holds a controlling share. The Treasury said Thursday that it will sell its 6% stake -- 98,461 shares -- to Fiat for $500 million.

* Video - Groupon IPO: Tech boom or bubble?

Late Thursday, online coupon company Groupon filed for a $750 million initial public offering. Groupon plans to trade under the symbol "GRPN."

World markets: Moody's Investors Service said Friday it has downgraded the deposit and senior debt ratings of eight Greek banks.

The move comes two days after Moody's downgraded the Greek government's credit rating to "Caa1," its third-lowest rating, adding to worries that a second bailout may be needed to prevent the country from defaulting on its debt.

* 5 stocks for emerging markets

European stocks ignored the U.S. jobs report and the Moody's downgrade. Britain's FTSE 100 rose 0.1%, the DAX in Germany rose 0.5% and France's CAC 40 ended the day mostly unchanged.

Asian markets finished mixed. The Shanghai Composite climbed 0.8%, while the Hang Seng in Hong Kong slipped 1.3% and Japan's Nikkei fell 0.7%.

Image

Image Yahoo! Finance - Market Update

4:15 pm : Stocks finished in the red again today after this morning's employment report came in below what were already low expectations. The S&P 500 finished -1.0%, just off its lows, while the Nasdaq Composite finished -1.5%.

Today's losses were sparked by the morning employment data, which showed that Nonfarm payrolls for May climbed by 54,000, which is less than the 169,000 additions that had been expected, while the unemployment rate ticked up to 9.1%. Although the data was still disappointing, it may have been somewhat priced in after Wednesday's weaker-than-expected ADP employment report, which was followed by a 2.3% selloff in the market. While today's employment data was weak, the ISM Non-manufacturing Survey of 54.6 surpassed the 53.3 Briefing.com consensus, in contrast to Wednesday's disappointing ISM Survey. Today's weakness adds to losses earlier in the week, and leaves the S&P 500 down 2.2% on the week, with disappointing economic data being the driving factor.

Today, energy stocks outperformed with the S&P 500 Energy Index finishing the day flat and representing by far the best performing sector. Baker Hughes (BHI 74.58, +0.98) was among the best performers in the S&P 500 1.3% gain while other oil & gas equipment service names such as Schlumberger (SLB 85.04, +0.75), and Halliburton (HAL 50.28, +0.13) also fared quite well. Tech stocks were the worst performers of the S&P 500 components, trading down 1.5% as a group. Consumer Discretionary, Materials and Industrials all lost 1.3%.

Shares of Orexigen Therapeutics (OREX 2.12, -1.06) are a standout on the downside, losing 33% after a Food and Drug Administration division advised the company that its proposed cardiovascular outcomes trial would not adequately address the approval deficiency for its Contrave weight-loss drug candidate. Instead, the division requested a pre-approval cardiovascular outcomes trial that Orexigen believes would generate significantly more information than is feasible. In response, the company has put on hold any further clinical development for its obesity programs in the U.S. and will accelerate the exploration of opportunities outside of the country. Vivus (VVUS 8.25, -0.29) and Arena Pharmaceuticals (ARNA 1.38, -0.03) are the two other companies competing for approval of their obesity drug candidates.

The benchmark 10-yr yield slipped below 2.95% earlier this morning, but rose back up to 2.997% and traded near there most of the day.DJ30 -97.29 NASDAQ -40.53 SP500 -12.78 NASDAQ Adv/Vol/Dec 555/1.77 bln/2062 NYSE Adv/Vol/Dec 852/800.2 mln/2155

3:30 pm : Crude oil began to rally from around the $99.50/barrel area into the close of pit trade and just before the close, crude pushed into positive territory. Crude closed at $100.31/barrel, down 3 cents. In electronic trade, crude is around $100.43/barrel.

Natural gas extended losses late in today's session and shortly before the close, traders saw another leg down in the energy component, falling ~1% to $4.70/MMBtu quickly. After some minor consolidation, the energy component continued to extend losses and is near $4.70/MMBtu in electronic trade. It closed at $4.71, 8 cents lower.

Gold displayed little volatility late in today's session staying around $1543.00/oz. Silver hit session highs of $36.42/oz. just before 2:00pm EST and trended lower for the rest of the session from that level. At the end of pit trade, gold ended $9.60 higher at $1542.30, while silver shed 8.2 cents to $36.12/oz.DJ30 -104.82 NASDAQ -39.01 SP500 -12.80 NASDAQ Adv/Vol/Dec 593/1441.5 mln/2005 NYSE Adv/Vol/Dec 845/637.8 mln/2153

3:00 pm : The S&P and Dow continue to trade in the middle of today's range with losses of close to 0.6% while the Nasdaq is slipping back down towards its worst levels of the session, down 1.1%.

Walgreen (WAG 43.25, +0.03) is trading slightly higher after the company announced strong third quarter sales of $18.38 billion versus the consensus estimate of $18.29 billion. The company also released its same store sales for May with that figuring coming in at +5.6% versus the consensus estimate of +4.2%.DJ30 -79.01 NASDAQ -30.00 SP500 -9.52 NASDAQ Adv/Vol/Dec 638/1.28 bln/1941 NYSE Adv/Vol/Dec 917/574.4 mln/2059

2:30 pm : Stocks are slipping off their best levels of the afternoon as the major averages are seeing losses of as much as 1.0%. The Nasdaq leads the decline while the S&P (-0.7%) and Dow (-0.6%) slightly outperform.

In an otherwise down day for the S&P 500 Technology Index shares of Lexmark International (LXK ) are the lone gainer, trading up 0.9% on takeover chatter. The stock has been mired in a slump since April 26 when the company released disappointing first quarter earnings. Since that time shares are down close to 27%. DJ30 -70.00 NASDAQ -26.56 SP500 -8.64 NASDAQ Adv/Vol/Dec 680/528.5 mln/1887 NYSE Adv/Vol/Dec 967/528.5 mln/1983

2:00 pm : Stocks continue to stage their recovery from this morning's sell off as both the Dow and S&P trade down 0.4% while the Nasdaq continues to hold losses of 0.7%.

The S&P 500 Telecommunications Services Index is currently the worst performing amongst the S&P 500 components, trading down close to 1.0%. The sell off in the sector is broad-based as every stock trades in negative territory. American Tower (AMT 52.23, -2.15) is leading today's decline in the space after disclosing it received a subpoena from the Securities and Exchange Commission requesting documents related to the company's tax accounting and reporting.DJ30 -42.68 NASDAQ -20.55 SP500 -5.27 NASDAQ Adv/Vol/Dec 709/1.09 bln/1846 NYSE Adv/Vol/Dec 1002/489.5 mln/1927

1:30 pm : Stocks continue to sit just below their session highs as the Dow and S&P continue to see losses of 0.4% while the Nasdaq trades down 0.7%.

The dollar index sits near its worst levels of the session, trading 73.75. After a small rally following this morning's nonfarm payrolls report the dollar index has been in a steady decent to its worst levels in a month. The euro has been the beneficiary of some headlines suggesting Greece is willing to set up a privatization fund. The single currency hit a session high of 1.4641, its best level in a month, and currently trades 1.6420. The pound has reversed earlier losses after holding its 50-day moving average, and now trades up 55 pips at 1.6420. Meanwhile, selling has pushed dollar/yen down to 80.30 with important support resting just below near the 80.15 level. More losses for dollar/swiss dropped the pair to another all-time low as it touched .8335 early this morning. With the risk currencies seeing gains its only fitting that the Australian dollar is also higher. The Aussie has erased its early losses, and now trades up almost 80 pips at 1.0750. DJ30 -57.33 NASDAQ -19.93 SP500 -6.61 NASDAQ Adv/Vol/Dec 762/1.02 bln/1775 NYSE Adv/Vol/Dec 1024/457.7 mln/1885

1:00 pm : Stocks are seeing modest losses today after this morning's disappointing nonfarm payrolls number. Nonfarm payrolls for May climbed by 54,000 which is less than the 169,000 additions that had been expected while the unemployment rate ticked up to 9.1%. Stocks opened sharply lower on the data, but continue to recover over the course of the session as the Dow and S&P are seeing declines of 0.4% while the Nasdaq lags with a loss of 0.6%.

Energy stocks are outperforming after a sharp drop in the opening minutes of trade. The S&P 500 Energy Index trades up 0.7% and is by far the best performing sector today. Baker Hughes (BHI 75.86, +2.26) is among the best performers in the S&P 500 with a 3.2% gain while other oil & gas equipment service names such as Schlumberger (SLB 86.01, +1.72), and Halliburton (HAL 51.22, +1.07) are also faring quite well.

Materials stocks are the worst performers of the S&P 500 components, trading down 0.8% as a group. Lightweights such as International Paper (IP 29.79, -0.52), Eastman Chemical (EMN 101.09, -1.92), and MeadWestvaco (MWV 32.39, -0.77) among the worst performers in the space. AK Steel (AKS 15.16, +0.37) is a notable outperformer as the stock trades up 2.3% after the company pulled out of the Credit Suisse conference. That move has led to takeover chatter as the company has been speculated to be a target over the past couple of years.

Shares of Orexigen Therapeutics (OREX 2.23, -0.95) are down 30% today after a Food and Drug Administration division advised the company that its proposed cardiovascular outcomes trial would not adequately address the Contrave approval deficiency and instead, requested a pre-approval cardiovascular outcomes trial that Orexigen believes would generate significantly more information than is feasible. In response, the company has put on hold any further clinical development for its obesity programs in the U.S. and will accelerate the exploration of opportunities outside of the country. Vivus (VVUS 8.02, -0.52) and Arena Pharmaceuticals (ARNA 1.39, -0.02) are the two other companies competing for approval of their obesity drug candidates.

Treasuries are back near their worst levels of the day, falling out of favor as equity markets continue to recover. The benchmark 10-yr yield slipped below 2.95% earlier this morning, but is now back at 3.01%. The 2-10-yr spread remains steeper on the day, but off its widest levels, trading at 256 basis points.DJ30 -47.56 NASDAQ -18.02 SP500 -5.24 NASDAQ Adv/Vol/Dec 712/937.8 mln/1799 NYSE Adv/Vol/Dec 1011/421.8 mln/1896

12:30 pm : The major market averages continue to erase their losses as the Dow and S&P 500 trade near their best levels of the session with each trading down 0.4%. The Nasdaq lags with a loss of 0.6%.

Materials stocks are the worst performers of the S&P 500 components, trading down 1.0% as a group. Lightweights such as International Paper (IP 29.70, -0.61), Eastman Chemical (EMN 100.87, -2.14), and MeadWestvaco (MWV 32.44, -0.72) are all trading at least 2.0% to lead the sector lower. AK Steel (AKS 15.06, +0.27) is a notable outperformer as the stock trades up 2.3% after the company pulled out of the Credit Suisse conference. That move has led to takeover chatter as the company has been speculated to be a target over the past couple of years.DJ30 -53.58 NASDAQ -18.03 SP500 -5.62 NASDAQ Adv/Vol/Dec 652/858.4 mln/1846 NYSE Adv/Vol/Dec 808/385.4 mln/2082

12:00 pm : The major market averages continue to slide off their best levels of the session with all three seeing losses of close to 0.6%. The Nasdaq is pacing the decline, trading down 0.7%.

Shares of Orexigen Therapeutics (OREX 2.14, -1.04) are down 33% today after a Food and Drug Administration division advised the company that its proposed cardiovascular outcomes trial would not adequately address the Contrave approval deficiency and instead, requested a pre-approval cardiovascular outcomes trial that Orexigen believes would generate significantly more information than is feasible. Additionally, the Division of Metabolic and Endocrinologic Products stated that it would not consider approving Contrave for a narrowed population without first reviewing data from a trial. In response, the company has put on hold any further clinical development for its obesity programs in the U.S. and will accelerate the exploration of opportunities outside of the country.

Vivus (VVUS 7.84, -0.70) and Arena Pharmaceuticals (ARNA 1.38, -0.03) are the two other companies competing for approval of their obesity drug candidates.DJ30 -71.78 NASDAQ -20.20 SP500 -7.70 NASDAQ Adv/Vol/Dec 562/762.7 mln/1932 NYSE Adv/Vol/Dec 731/346.6 mln/2145

11:30 am : Stocks have recently slipped off their best levels of the session with all three major averages holding losses of close to 0.7%.

Treasuries gave back all of their gains that occurred in the moments following the release of the nonfarm payrolls data, but have once again begun to move higher. The long bond continues its recent under performance compared to the rest of the complex as the on-the-run 30-yr trades lower by 1/32. After slipping below 2.95% on reaction to the jobs data the 10-yr yield recently touched 3.03% as sellers piled on after the better-than-expected ISM Non-Manufacturing number. However, the recent rally has knocked the benchmark yield back down to 3.002%. Action may remain volatile over the remainder of the day as swings have been violent in both directions. The yield curve is now steeper on the session with the 2-10-yr spread swinging to 258.5 while the 10-30-yr spread trades wider at 124.1. DJ30 -82.61 NASDAQ -20.20 SP500 -8.39 NASDAQ Adv/Vol/Dec 638/643.6 mln/1810 NYSE Adv/Vol/Dec 798/294.3 mln/2040

11:00 am : The major market averages continue to climb off their worst levels of the session following the improvement in Non-Manufacturing ISM.

After slipping close to 1.5% in the opening minutes of trade the S&P 500 Energy Index has seen a strong rebound as it now trades down just 0.1% for the session. Baker Hughes (BHI 76.40, +2.80) is the best performer in the S&P 500 with a 3.5% gain while other oil & gas equipment service names such as Schlumberger (SLB 85.65, +1.36), and Halliburton (HAL 50.79, +0.64) also faring quite well. DJ30 -72.35 NASDAQ -14.51 SP500 -7.11 NASDAQ Adv/Vol/Dec 624/509.4 mln/1795 NYSE Adv/Vol/Dec 761/239.4 mln/2024

10:30 am : The dollar index remains in the red this morning and is currently near session lows, which is providing support to select commodities. Overall, commodities, as measures by the CRB Commodity Index, commodities are near the unchanged line currently.

Crude oil futures have been trading below the $100 level all morning and fell as low as $98.13/barrel about five minutes after pit trading began. In current activity, the energy component is currently 0.3% lower at $100.10/barrel.

Natural gas has been in the red all morning as well. Natural gas hit session lows of $4.72/MMBtu and is now trading at $4.75/MMBtu, down 0.9%.

Precious metals have been showing strength in recent trade. Gold ran as high as $1546.80/oz. about 45 minutes ago and is now up 0.7% at $1543.30/oz. Silver has recovered most of its losses from its session low of $35.11/oz., but remains in negative territory at $36.09/oz, down 0.3%.DJ30 -83.17 NASDAQ -20.47 SP500 -8.10 NASDAQ Adv/Vol/Dec 513/345.3 mln/1857 NYSE Adv/Vol/Dec 562/171.8 mln/2194

10:00 am : The major market averages have climbed off their worst levels of the session with the Dow, Nasadaq and S&P all down 0.8%. The ISM Non-Manufacturing Index for May was just posted. It came in at 54.6, which is up from 52.8 in the prior month and better than the 53.3 that had been broadly expected among economists polled by Briefing.com.DJ30 -100.39 NASDAQ -22.75 SP500 -10.80 NASDAQ Adv/Vol/Dec 450/163.8 mln/1854 NYSE Adv/Vol/Dec 342/99.5 mln/2357

09:45 am : The major market averages opened sharply lower with all three indices trading down close to 1.0%. Commodity-related names are the worst performers with materials down 1.4%, industrials lower by 1.4%, and energy off 1.2%. ISM Services are due out at 10 a.m. ET.DJ30 -115.07 NASDAQ -23.92 SP500 -12.19

09:14 am : [BRIEFING.COM] S&P futures vs fair value: -14.60. Nasdaq futures vs fair value: -23.60. The disappointing nonfarm payrolls report sent equity futures plunging to their lowest levels of the morning as all three now point to a loss of close to 1.0% at the open. The disappointing report put a strong bid into the Treasury complex and pushed the 10-yr yield back down to 2.96% after yesterday's settlement near 3.03%. After seeing some initial selling the dollar index reversed course into positive territory, but is now back on the session lows near 74.15. In stock specific news, Orexigen Therapeutics is down 34% this morning after announcing that an FDA division advised the company that the proposed cardiovascular outcomes trial would not adequately address the Contrave approval deficiency and instead, requested a pre-approval cardiovascular outcomes trial that Orexigen believes is unprecedented and would generate significantly more information than is necessary or feasible.

08:59 am : [BRIEFING.COM] S&P futures vs fair value: -16.10. Nasdaq futures vs fair value: -25.30. Futures are pointing to a sharply lower open following the disappointing jobs data. The weaker open will come on the heels of mixed trade overseas as the major Asian bourses (Nikkei -0.7%, Hang Seng -1.3%, Shanghai +0.9%) finished mostly lower but mixed while European markets (FTSE -0.7%, CAC -1.0%, DAX -0.5%) trade at their session lows.

Market chatter pointed to a possible rate-hike in China over the long holiday weekend as inflation readings remain at uncomfortable levels. Financial stocks were among the worst performers on the mainland with Agricultural Bank of China slipping 1.5% to finish the week with a cumulative loss of 5.6%. Despite Prime Minister Naoto Kan surviving yesterday's no-confidence vote political concerns remain in Japan and caused some uneasiness in Japanese equities. Heavyweight financials all slipped more than 1.0%. Energy stocks were hit hard in Hong Kong with coal-based energy company China Shenhua Energy plunging 6.4%.

The major European markets are weaker at midday, tumbling to their worst levels of the session following the disappointing nonfarm payrolls report. Financial stocks are seeing the biggest declines in Britain as Royal Bank of Scotland and Barclays are lower by 3.2% and 2.6% respectively. Automakers continue to struggle in Germany as Volkswagen is off 0.9% while steelmaker ArcelorMittal is among the biggest decliners in France, trading down 1.8%.

08:33 am : [BRIEFING.COM] S&P futures vs fair value: -13.90. Nasdaq futures vs fair value: -21.80. The major market averages are pointing to sharply lower open after the disappointing jobs data. According to data, nonfarm payrolls for May climbed by 54,000 which is less than the 169,000 additions that had been expected. Payrolls for April were revised downward to reflect an increase of 232,000. As for private payrolls, they increased by 83,000, which is less than the 180,000 increase that had been expected, on average, among economists polled by Briefing.com. However, the headline unemployment rate came in at 9.1%, which is greater than the 9.0% that had been widely anticipated.

07:58 am : [BRIEFING.COM] S&P futures vs fair value: -2.60. Nasdaq futures vs fair value: -8.10. Futures are indicating a slightly lower open, but that is sure to change once May nonfarm payrolls are released at 8:30 a.m. ET. Overseas markets have seen generally mixed results with the major Asian bourses (Nikkei -0.7%, Hang Seng -1.3%, Shanghai +0.9%) mostly lower ahead of the holiday weekend. European markets (FTSE UNCH, CAC -0.1%, DAX +0.3%) are mixed at midday as the focus remains on any developments regarding an aid package for Greece.

Treasuries have a small bid this morning which in turn has caused the 10-yr yield to fall a couple of basis point to 3.016% while the dollar trades at its worst levels of the session near 74.25.

Data is on the heavy side today with nonfarm payrolls, nonfarm private payrolls, unemployment rate, hourly earnings, and average workweek all scheduled for release at 8:30 a.m. ET while ISM Services is due out at 10 a.m. ET.

06:29 am : [BRIEFING.COM] S&P futures vs fair value: -4.80. Nasdaq futures vs fair value: -10.80.

06:29 am : Nikkei...9492.21...-62.80...-0.70%. Hang Seng...22949.56...-304.30...-1.30%.

06:29 am : FTSE...5850.46...+2.50...0.00. DAX...7094.79...+20.70...+0.30%.

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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