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 Post subject: July 25th Monday 2011 Emini TF ($TF_F) points +15.50
PostPosted: Tue Jul 26, 2011 7:18 am 
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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:
072511-wrbtrader-PnL-Blotter-Profit-1550.png
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click on the above image to view today's trading summary

Trade Performance for Today: +15.50 points or $1550.00 dollars in the Russell 2000 Emini TF ($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=92&t=947.

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

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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 (key market events) causes key changes in supply/demand and volatility that's arguably just as important as my technical analysis. Thus, I pay attention to these key market events from one trade to the next trade to give me the market context for my technical analysis.

Image Bloomberg.com (Youtube Video) - U.S. Stocks Decline as Lawmakers Wrangle Over Debt Plans

July 25 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks retreated, pulling the Standard & Poor's 500 Index down from a two-week high, as Republicans and Democrats wrangled over separate plans to raise the federal debt limit and avoid a government default.

Image CNNMoney.com - Stocks Close Lower As Investors Await Debt Deal
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click on the above image to view today's price action of key markets

By Annalyn Censky July 25, 2011: 4:48 PM ET

NEW YORK (CNNMoney) -- The stock market started the week in the red Monday, but losses were not nearly as devastating as some expected, after lawmakers failed to agree on a debt ceiling deal over the weekend.

The U.S. government is just eight days away from a possible default. But instead of selling off stocks in a panic Monday, investors mostly sat on their hands watching Congress haggle.

"They're on the sidelines, waiting, and I don't blame them," said Muriel Siebert, founder of Muriel Siebert & Co. "We have never gone through a situation like this before."

The Dow Jones industrial average (INDU) lost 88 points, or 0.7%, with 26 of its 30 components falling.

Meanwhile, the S&P 500 (SPX) fell 7 points, or 0.6%; and the Nasdaq (COMP) fell 16 points, or 0.6%.

"When I look at my screen, almost everything is red. But they're not down any significant amount. The market did nothing today and it's because we made no progress with the debt ceiling," Seibert said.

In the afternoon, both Democratic and Republican leaders unveiled new plans to reduce the national deficit and raise the debt ceiling.

* No deal on debt ceiling

If Congress doesn't raise the $14.3 trillion debt limit by next week, Americans could face rising interest rates and a declining dollar, among other problems. But investors continue to call Washington's bluff, and are optimistic a deal will be reached before the August 2 deadline.

"I think fundamentally, the market is telling us it doesn't believe we're truly going to default. Somehow, some way there will be a decision," said Jack Ablin, chief investment officer with Harris Private Bank in Chicago.

Travelers Companies (TRV, Fortune 500), Boeing (BA, Fortune 500) and Procter & Gamble (PG, Fortune 500) were the biggest drags on the Dow, while Microsoft (MSFT, Fortune 500) and Hewlett-Packard (HPQ, Fortune 500) were among the handful of gainers.

Bond prices dropped Monday, pushing the yield on the benchmark 10-year Treasury note up to 3.01%, as investors continued to give Washington the benefit of the doubt.

* Video - Will the U.S. pay its bills?

It's not clear exactly how the bond market will react as the debt ceiling deadline approaches. Some traders think yields may stay low as investors seek out traditional safe-havens. Conversely, the specter of default could cause a flight from Treasuries to other assets.

Traders will keep a close eye on this week's auctions. Treasury is selling a total of $99 billion in 2-year, 5-year and 7-year notes.

Meanwhile, credit rating agency Moody's downgraded Greece yet again, saying the European bailout package put together last week increases risk for the country's creditors.

U.S. stocks are coming off a mixed Friday session, as strong gains in the technology sector were offset by disappointing results from industrial conglomerate Caterpillar. (CAT, Fortune 500)

* Find hidden growth in unexpected places

Companies: Shares of BlackBerry maker Research in Motion (RIMM) fell 4.4%, after the company announced it was laying off 2,000 employees -- 11% of its workforce.

* Video - ETrade grabs attention

ETrade (ETFC)'s stock jumped 5.4% on talk that TDAmeritrade (AMTD) may consider a bid for the online brokerage. Late Friday, Etrade retained Morgan Stanley (MS, Fortune 500) to look at strategic alternatives.

Netflix (NFLX) shares tanked 7.6% after the bell, when the video rental company reported quarterly revenue of $788.6 million, falling short of analysts' estimates for $791.5 million. The company also reported a profit of $1.26 per share, beating forecasts for $1.12 a share.

The company spent much of its earnings release discussing the recent price hike that spurred thousands of online complaints.

Texas Instruments (TXN, Fortune 500) shares rose 0.4% after the bell, when the chipmaker reported earnings and revenue that beat analyst estimates.

Currencies and commodities: The dollar weakened against the euro and Japanese yen, but strengthened against the British pound.

Oil for September delivery slipped 67 cents to settle at $99.20 a barrel.

Gold futures for August delivery hit a new intraday record of $1,624.30 before settling at $1,612.20 an ounce.

* StockTwits: Swiss franc and gold show luster

World markets: European stocks came off their morning lows in late day trading. Britain's FTSE 100 closed 0.2% lower and France's CAC 40 ended down 0.7%, while the DAX in Germany rose 0.3%.

Asian markets ended the session lower. The Shanghai Composite dropped 3%, the Hang Seng in Hong Kong lost 0.7% and Japan's Nikkei fell 0.8%.

Shanghai's decline was due in part to a sell-off in railway-related shares, after a bullet train collision over the weekend killed at least 38 people.

Image

Image Yahoo! Finance - Market Update

4:10 pm : Stocks closed in the middle of today's range as the strength found after the opening plunge waned in afternoon trade. The Dow saw the biggest decline, falling 0.7% while the S&P and Nasadq both lost 0.6%.

Oil & gas equipment & services co Baker Hughes (BHI 79.95, +0.05) beat on both the top and bottom lines and closed up 0.1% after it was able to shrug off a $0.16 per share loss on operations in Libya.

Pepsico (PEP 64.37, -1.39) saw more selling pressure today after being downgraded and removed from Goldman Sachs' Conviction Buy List. Weaker than expected demand in developed countries and rising commodity costs were highlights from the most recent quarter.

Apple (AAPL 398.50) touched $400 in early afternoon trade as momentum carried over from last week's blowout earnings. In just the past week the company has seen China Mobile (CHL 49.20, -0.16) and China Unicom (CHA 65.76, -0.98) announce plans to sell the iPhone 5 by the end of 2011.

Industrial stocks outperformed after Eaton Corp. (ETN 52.59, +1.43) and Roper Industries (ROP 87.13, +2.67) both topped estimates. Eaton announced EPS of $0.95 per share which topped the Capital IQ Consensus Estimate of $0.93 per share. Roper Industries saw solid gains on the back of strong earnings. The stock ended up 3.2% after announcing record sales of $708 million for the quarter, and raising its full year 2011 guidance to $4.20-4.30 per share, up from the $3.97-4.12 per share.

E*TRADE Financial (ETFC 16.52, +0.88) finished up 5.6% after the company's board of directors responded to a Citadel letter by saying it has retained Morgan Stanley to conduct a review of its strategic alternatives. Speculation has rival Ameritrade (AMTD 19.96, +0.35) making a bid for the company.

The dollar index ended with a modest loss, but was able to hold the 74.00 level for a third consecutive session. The euro eked out a small gain, but was unable to close above 1.44 resistance in quiet trade. Safe haven buying in the Swiss franc pushed it to a record .8020 per dollar.

The 10-yr yield ended the day slightly elevated as light selling ran it back up to 3.00% by the close of trade in the U.S. DJ30 -88.36 NASDAQ -16.03 SP500 -7.59 NASDAQ Adv/Vol/Dec 605/1.57 bln/2006 NYSE Adv/Vol/Dec 577/760.9 mln/2470

3:30 pm : Trade in commodities today was largely based around the ongoing budget talks. Over the weekend, Congress and the President once again failed to come to any sort of agreement on how to fix the crisis/raise the debt ceiling, and that lack of progress was felt in numous markets today, including commodities.

August gold finished higher by 0.7% to $1612.60 per ounce, while Sept silver gained 0.6% to end at $40.36 per ounce. Both metals rallied on the flight to safety. After gold traded to a new time high in the overnight session, the action was all downward from there after futures gave back over 12 points. Silver momentarily gave back all of its gains, trading into negative territory, but was able to bounce and close in positive territory.

It was a rather uneventful session for Sept crude oil, which settled lower by 0.7% to $99.20 per barrel. Futures spent the afternoon session chopping around the $99 area. August natural gas ended lower by 0.4% to $4.38 per MMBtu. DJ30 -87.45 NASDAQ -15.16 SP500 -6.97 NASDAQ Adv/Vol/Dec 633/1.3 bln/1962 NYSE Adv/Vol/Dec 637/534.5 mln/2404

3:00 pm : Treasuries ended near their worst levels of the session as debt ceiling talks remain at a standstill. Reports indicate the two-step plan being proposed by Rep. Boehner would boost the debt limit into February and would require a committee to identify spending cuts. Treasuries remain jittery as politicians on both sides of the aisle continue to jawbone their respective plans. The 10-yr saw a brief run into positive territory, but has since slipped back to near its worst levels of the session as an uptick in debt ceiling chatter riled the complex. Recent selling has the 10-yr yield back near 3.00% as investors prefer shorter dated paper. The long bond has been under pressure all session long, and trades down more than one point. A rise of 6 bps in the 30-yr has it on pace to close at 4.320%, its highest level since July 7. Little change has occurred along the yield curve as the 2-10-yr spread remains near Friday's 259.3.DJ30 -62.97 NASDAQ -6.59 SP500 -4.26 NASDAQ Adv/Vol/Dec 739/1.14 bln/1837 NYSE Adv/Vol/Dec 769/477.4 mln/2250

2:30 pm : The major averages continue to hold small losses in quiet trade.

Utilities are among the best performers today after several stocks in the space received upgrades at Bank of America/Merrill Lynch. NRG Energy (NRG 25.65, +0.90) is higher by close to 3.5% after being upgraded to 'buy' from neutral while Exelon (EXC 44.50, +0.80) is holding a gain of 1.8% after being raised to 'buy' from 'underperform.' Not all of the changes in ratings were positive as Wisconsin Energy Corp. (WEC 31.74, +0.00) was downgraded to 'neutral' from 'buy.' DJ30 -42.31 NASDAQ -2.02 SP500 -1.95 NASDAQ Adv/Vol/Dec 843/1.05 bln/1735 NYSE Adv/Vol/Dec 920/433.7 mln/2097

2:00 pm : The major market averages continue to sit just off their best levels of the session. The Dow is pacing today's decline with a loss of 0.4% while the S&P and Nasdaq outperform with losses of 0.2% and 0.1% respectively.

The dollar index has slipped back towards its worst levels of the session as it was unable to maintain its brief stay above the flat line. The index fell back to the 74.05 area, and sits just above its session low of 74.00. The currency complex has been rather quiet today as the euro remains stuck just below the 1.44 level. Surprisingly, the single currency has not been hit on word that Italy has cancelled its August bond auction with the country citing its 'large cash availability and limited borrowing requirement.' The Swiss franc is the big winner today as it continues to see safe haven buying on the uncertainty surrounding the debt ceiling talks in the United States and sovereign debt crisis in Europe. The franc touched .8020 per dollar in early trade before easing to .8060. The Japanese yen remains on many traders radars as it continues to tick closer to March's record high of 76.46 versus the greenback. Authorities at the Bank of Japan and Ministry of Finance standby, ready to act if needed. DJ30 -47.38 NASDAQ -3.71 SP500 -2.86 NASDAQ Adv/Vol/Dec 806/972.8 mln/1760 NYSE Adv/Vol/Dec 878/402.2 mln/2123

1:30 pm : The tech heavy Nasdaq has fought back to the flat line while the S&P 500 and Dow hold small losses.

Shares of Apple (AAPL 398.93, +5.63) touched $400 in early afternoon trade as momentum continues to carry over from last week's blowout earnings. In just the past week the company has seen China Mobile (CHL 49.17, -0.19) and China Unicom (CHA 66.03, -0.71) announce they plan on selling the iPhone 5 by the end of 2011. DJ30 -38.03 NASDAQ -1.76 SP500 -2.23 NASDAQ Adv/Vol/Dec 844/909.4 mln/1706 NYSE Adv/Vol/Dec 918/375.0 mln/2068

1:00 pm : All three of the major indices trade near their best levels of the session in early afternoon trade. Better than expected earnings have helped offset overnight weakness related to the failure to reach an agreement on the debt ceiling deal.

Oil & gas equipment & services co Baker Hughes (BHI 79.73, -0.17) beat on both the top and bottom lines, but shares are down 0.2% after announcing a $0.16 per share loss on operations in Libya were exluded in the results.

Shares of Eaton (ETN 52.96, +1.80) and Roper Industries (ROP 87.48, +3.02) are posting solid gains after strong earnings reports. Eaton announced EPS of $0.95 per share which topped the Capital IQ Consensus Estimate of $0.93 per share. The company issued in-line Q3 guidance and a mixed guidance for full year 2011. Roper Industries is also performing admirably on the back of strong earnings. The stock is higher by almost 3.5% after announcing record sales of $708 million for the quarter, and raising its full year 2011 guidance to $4.20-4.30 per share, up from the $3.97-4.12 per share.

Pepsico (PEP 64.47, -1.29) is under pressure for a third consecutive session following last week's earnings after being downgraded and removed from Goldman Sachs' Conviction Buy List. Weaker than expected demand in developed countries and rising commodity costs were highlights from the most recent quarter.

E*TRADE Financial (ETFC 16.60, +0.96) is up more than 6.0% today after the company's board of directors responded to a Citadel letter by saying it has retained Morgan Stanley to conduct a review of its strategic alternatives. Speculation has rival Ameritrade (AMTD 20.56, +0.95) making a bid for the company.

Treasuries have climbed off their worst levels of the session, but still hold losses as debt ceiling talks have so far failed to produce results. Buying that took place earlier this morning dropped the 10-yr yield to almost 2.94% before sellers showed up. Currently, the 10-yr yield hovers near 2.98%.DJ30 -35.27 NASDAQ -0.51 SP500 -2.34 NASDAQ Adv/Vol/Dec 822/839.9 mln/1719 NYSE Adv/Vol/Dec 858/345.7 mln/2111

12:30 pm : The major averages continue to hold near their best levels of the session with all three still trading in negative territory.

Industrial stocks are among the best performers today after Eaton (ETN 52.60, +1.44) and Roper Industries (ROP 87.05, +2.59) posted better than expected results. Eaton topped the Capital IQ Consensus Estimate of $0.95 per share by $0.02 and saw revenues rise 21.1% YoY to $4.09 billion. The company also announced in-line guidance for the third quarter, and mixed guidance for full year 2011.

Shares of Roper Industries are also seeing strength, trading higher by 3.1% after beating on both the top and bottom lines. The company announced record sales of $708 million for the quarter, and raised its full year 2011 guidance to $4.20-4.30 per share, up from the $3.97-4.12 per share (Cpital IQ Consensus Estimate of $4.12 per share).DJ30 -50.86 NASDAQ -5.11 SP500 -4.42 NASDAQ Adv/Vol/Dec 774/760.7 mln/1756 NYSE Adv/Vol/Dec 737/315.1 mln/2225

12:00 pm : The major averages have recouped most of their losses as a rebound in technology shares has the Nasdaq down just 0.2%.

E*TRADE Financial (ETFC 16.45, +0.81) is up close to 5.5% this morning on speculation competitor Ameritrade (AMTD 20.34, +0.73) will make a bid for the company. E*TRADE's board of directors has responded to a Citadel letter, saying that it has retained Morgan Stanley to conduct a review of its strategic alternatives.DJ30 -62.10 NASDAQ -8.11 SP500 -5.65 NASDAQ Adv/Vol/Dec 735/685.8 mln/1782 NYSE Adv/Vol/Dec 663/287.4 mln/2296

11:30 am : The major market averages continue to hold losses of close to 0.4% as they attempt to climb into positive territory.

Treasuries recently rallied to their best levels of the session as technical buying has provided some support. Buyers supported the 10-yr for the third consecutive session at its 50-day moving average, which dropped its yield from a session high near 3.03% to almost 2.94% before sellers piled back on. Underperformance continues in the 30-yr bond as selling has its down 0.8%. Action remains confined between the maturity's 50- and 200- day moving averages as it has for much of the past two weeks. Yield curve flattening holds with the 2-10-yr spread tighter at 258.5. DJ30 -59.15 NASDAQ -10.75 SP500 -5.61 NASDAQ Adv/Vol/Dec 691/580.9 mln/18025 NYSE Adv/Vol/Dec 615/247.8 mln/2321

11:00 am : The major market averages continue to climb off their opening levels with all three trading down between 0.5 and 0.6%.

Pepsico (PEP 64.83, -0.93) is lower for the third consecutive session following last week's earnings after Goldman Sachs downgraded the stock to neutral and removed the name from its Conviction Buy List. Weaker than expected demand in developed markets combined with commodity cost inflation has pushed the stock down more than 5% since last week's earnings. Competitor Coca Cola (KO 69.25, -0.48) is trading lower by 0.6% during today's session. DJ30 -75.42 NASDAQ -14.60 SP500 -8.01 NASDAQ Adv/Vol/Dec 664/479.8/1812 NYSE Adv/Vol/Dec 556/208.6 mln/2327

10:30 am : The dollar index has moved back near the unchanged line, but remains in negative territory. Most commodities also remain lower with agriculture commodities the worst performers. However, there are a select few ag commodities showing gains along with the metals this morning.

Gold futures rose to a new all-time high of $1621.90/oz (continuous contract) earlier this morning and is now up 0.8% at $1615.20/oz. Silver remains above the $40 level and is now 0.9% higher at $40.47/oz.

In overnight trade, corn, wheat and soybeans all showed losses. Corn fell 8 cents (or 1.1%) to $6.78/bushel, wheat declined 7 cents (or 1%) to $6.86/bu and soybeans lost 9 cents (or 0.6%) to $13.80/bu.

In the energy markets, crude oil has been in the red all morning and fell as low as $98.52/barrel about 30 minutes after floor trading began. Crude has erased most of its losses and is now trading 0.4% lower at $99.47/barrel. Natural gas is down moved back into positive territory about an hour ago and is now up 1.2% at $4.42/MMBtu.DJ30 -55.86 NASDAQ -9.59 SP500 -5.62 NASDAQ Adv/Vol/Dec 708/367 mln/1728 NYSE Adv/Vol/Dec 651/162 mln/2153

10:00 am : The major market averages continue to hold lower as the Dow and S&P pace today's losses with each trading down close to 0.7%.

Shares of Baker Hughes (BHI 79.10, -0.79) are under pressure this morning despite beating on both the top and bottom lines. The company earned $0.93 per share which bettered the Capital IQ Consensus Estimate of $0.91. Revenues rose 40.5% YoY to $4.74 billion versus the $4.56 billion consensus. The stock is trading lower in part because the figures fail to include a loss of $0.16 per share related to operations in Libya. Rival Schlumberger (SLB 94.42, +0.61) is failing to see related losses, trading up 0.7%. DJ30 -104.60 NASDAQ -16.63 SP500 -9.85 NASDAQ Adv/Vol/Dec 441/216.5 mln/1925 NYSE Adv/Vol/Dec 334/105.1 mln/2477

09:45 am : The major averages are all down close to 1.0% in early trade as debt ceiling concerns in the United States and further sovereign debt worries in Europe weigh. Telecom, financials, and energy are the worst performers as every sector trades below the flat line. Action will continue to be held hostage by debt ceiling talks until some sort of agreement can be hammered out.DJ30 -140.24 NASDAQ -27.47 SP500 -13.61 NASDAQ Vol 126.2 mln NYSE Vol 74.0 mln

09:14 am : [BRIEFING.COM] S&P futures vs fair value: -11.40. Nasdaq futures vs fair value: -15.00. The major market averages are pointing to a sharply lower open as the failure to reach a debt ceiling agreement in the United States and continued sovereign concerns in Europe weigh. Macro concerns pushed gold to a record high of $1624.40 per ounce before the yellow metal pared some of its gains. On the currency front, the move into francs continues with the dollar slipping to a record low of .8020 versus the Swiss currency. Corporate earnings continue to come out better than expected as oil & gas equipment & services co Baker Hughes (BHI) beat on both the top and bottom lines. There is no data scheduled for release today.

08:58 am : [BRIEFING.COM] S&P futures vs fair value: -10.50. Nasdaq futures vs fair value: -13.50. The dollar index slipped to the 74.00 area early this morning, but was able to hold that level and has worked its way back to 74.15. A small 15 pip gain has the euro just below 1.44 resistance despite another Moody's downgrade of Greece. The single currency must hold the 1.40 area going forward in order to prevent its much anticipated slide. Other currencies to watch today include the safe-havens that are the Swiss franc and the Japanese yen. The dollar plunged to a record low of .8020 versus the franc today as debt ceiling worries in the U.S. and sovereign concerns in Europe continued the recent flight to safety in the Swiss currency. Also seeing strength was the Japanese yen which is now better than 78.25 per dollar. Participants should be on the lookout as the all-time record low of 76.46 set in March is just a stone's throw away. The Bank of Japan and Ministry of Finance remain on alert as the strong yen has many thinking intervention will occur soon.

08:29 am : [BRIEFING.COM] S&P futures vs fair value: -10.40. Nasdaq futures vs fair value: -11.80.

Overseas markets have been under pressure since the opening of trade in Asia after the weekend came and went without a debt ceiling agreement in the United States. The major Asian indices (Nikkei -0.8%, Hang Seng -0.7%, Shanghai -3.0%) finished mostly lower with Chinese shares underperforming after a deadly train crash occurred over the weekend. Rail stocks were hit hard as suppliers Beijing Century Real Technology and Beijing Jiaxun Feihong Electrical suspended trade and CSR plunged 8.9% due to being the maker of the two trains involved in the crash. Rail names closed lower in Hong Kong with China South Locomotive tumbling more than 13% while airlines rallied on heavy volume. Japanese stocks finished lower on the stronger yen with Canon settling flat ahead of its earnings. Following today's close, the camera maker announced a 31% decline in quarterly operating profit, but raised its full year forecast due to a faster than expected recovery from the natural disasters.

The major European indices (FTSE -0.2%, CAC UNCH, DAX -0.1%) are little changed in afternoon trade despite Moody's announcing another downgrade of Greek debt and saying that a default was likely. Financials are seeing heavy selling pressure across the region with Barclays (-4.1%), Commerzbank (-2.3%), and Credit Agricole (-3.9%) pacing the declines on their respective indices.

07:57 am : [BRIEFING.COM] S&P futures vs fair value: -10.20. Nasdaq futures vs fair value: -11.20. Equity futures are pointing to a sharply lower open as the failure to reach a debt ceiling agreement, coupled with Moody's saying a Greek default was all but certain, has markets on edge. Earnings results continue to top estimates with oil & gas equipment & services company Baker Hughes beating on both the top and bottom lines. Precious metals are turning heads this morning as gold hit a record $1624.30 per ounce before paring its gains, and silver crossed $41.00 per ounce before easing. There is no data today.

06:41 am : [BRIEFING.COM] S&P futures vs fair value: -11.00. Nasdaq futures vs fair value: -14.00.

06:41 am : Nikkei...10050.01...-82.10...-0.80%. Hang Seng...22293.29...-151.50...-0.70%.

06:41 am : FTSE...5924.28...-10.70...-0.20%. DAX...7313.53...-12.90...-0.20%.

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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