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 Post subject: March 9th Friday 2012 Emini TF ($TF_F) points +6.50
PostPosted: Sat Mar 10, 2012 9:03 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)

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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +6.50 points or $650 dollars in the Russell 2000 Emini TF ($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, all trades were posted real-time in the free #FuturesTrades chat room. You can read today's #FuturesTrades trading chat room logs for details (e.g. time, price, contract size) about each one of my trades from entry to exit along with price action commentary as the trade traversed in comparison to what's shown in the above image...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=102&t=1161.

To join our free chat room...registration instructions located at a different forum @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=5&t=630

Also, posted below are direct links to information about my price action 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=119&t=718.

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 price action 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=150&t=1403

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Market Summaries

The below summaries by Bloomberg, CNNMoney and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/IMF actions or any important global economic events 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 results in swing points and strong continuation price actions. 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. Just as important, these summaries becomes my archives to allow me to understand what was happening on any given trading day in the past...something I can not get from my broker statements alone.

U.S. Stocks, Dollar Gain as Treasuries Fall

March 9 (Bloomberg) -- Bloomberg's Pimm Fox and Deborah Kostroun report on the performance of the U.S. equity market today. U.S. stocks rose, capping the fourth straight weekly rally for the Standard & Poor's 500 Index, after a government report showing stronger-than-forecast payroll growth bolstered optimism in the world's largest economy.

Stocks End Higher For Third Straight Day

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

NEW YORK (CNNMoney) -- U.S. stocks finished higher for a third straight day Friday, after a slightly better-than-expected jobs report, but the gains were pared back after Greece's deal with bondholders triggered a "credit event."

The widely-expected ruling suggests that credit default swaps, which are derivative contracts that investors use to insure against default, will be paid out on some Greek bonds. However, the market for CDS contracts on Greek bonds is relatively small, valued at about $3 billion, and analysts do not expect the ruling to be disruptive to financial markets.

Though the ruling of the credit event dampened the mood on Wall Street, investors were still relieved that creditors agreed to a plan to restructure Greek bonds, since that was the final hurdle for Greece to clear to secure its second €130 billion bailout and avoid a disorderly default.

The Dow Jones industrial average (INDU) ended 14 points higher, or 0.1%, with JPMorgan Chase (JPM, Fortune 500), Travelers Companies (TRV, Fortune 500) and Intel (INTC, Fortune 500) among the top performers. Earlier, the blue chip index had climbed 60 points.

The S&P 500 (SPX) gained 5 points, or 0.4%, and the Nasdaq (COMP) increased 18 points, or 0.6%.

Markets also found support thanks to the government's jobs report that showed the U.S. economy added 227,000 jobs in February, while the unemployment rate remained unchanged at 8.3%.

"The jobs report is yet another sign that the economy is improving and headed in the right direction," said Karl Mills, president and chief investment officer at Jurika Mills & Keifer.

Stocks started out the week in the red -- posting the worst losses of the year Tuesday -- as investors remained nervous about Greece and the U.S. job market. Despite three positive days, the Dow has not yet fully recovered and posted its second consecutive weekly decline, falling 0.4%.

The S&P 500 and Nasdaq recouped their losses from earlier in the week, and posted their fourth straight week of gains. The S&P 500 rose 0.1%, and the Nasdaq increased 0.4%.

While gains for the week were muted, stocks have had an impressive run so far in 2012. The Dow is up almost 6%, the S&P 500 has climbed 9% and the Nasdaq has rallied nearly 15%.

"The stock market is just the most sensible place to invest right now," said Mills. "Companies are in better shape than countries by a long shot, and this rally still has a ways to go."

Friday also marks the third anniversary of the current bull market. The S&P 500 and Nasdaq have more than doubled in value from the bear market lows on March 9, 2009. And the Dow is up more than 97%.

* Video - Decoding the Greek debt swap

World markets: European stocks ended with solid gains. Britain's FTSE 100 (UKX) added 0.5%, while the DAX (DAX) in Germany gained 0.7% and France's CAC 40 (CAC40) increased 0.3%

Inflation in China slowed dramatically in February, as temporary price hikes related to Lunar New Year faded.

Consumer prices rose 3.2% from a year ago, China's National Bureau of Statistics reported Friday -- a steep slowdown from a 4.5% inflation rate in January.

Asian markets ended higher. The Shanghai Composite (SHCOMP) added 0.8%, the Hang Seng (HSI) in Hong Kong rose 0.9% and Japan's Nikkei (N225) increased 1.7%.

On Friday, the Nikkei briefly crossed 10,000 for the first time since August, before closing at 9,929.

Economy: The U.S. trade deficit for January totaled $52.6 billion, up from $50.4 billion in December.

Wholesale inventories for January increased by 0.4%, after increasing 1.1% the month prior. Economists were expecting a 0.6% rise.

* Video - Starbucks ices Green Mountain

Companies: Green Mountain Coffee Roasters (GMCR) shares dropped after Starbucks (SBUX, Fortune 500) announced that it will begin selling a single-service coffee machine of its own.

Green Mountain currently dominates the single-serve market with its popular Keurig, or K-Cup, machines.

Texas Instrument (TXN, Fortune 500) shares also fell after the chipmaker lowered its earnings and revenue forecast for the first quarter on weak demand.

Carnival (CCL) also cut its outlook, sending shares lower.

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

* Currency wars: Brazil says 'it's on'

Oil for April delivery rose 81 cents to settle at $107.39 a barrel.

Gold futures for April delivery added $12.80 to settle at $1,711.50 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury slipped, pushing the yield up to 2.04% from 2.01% late Thursday.

Image

Market Update

4:30 pm : Stocks staged their third straight advance on the back of a better-than-expected jobs report to eke out another weekly advance -- its ninth in 10 weeks.

Market participants were generally pleased to learn that the jobs picture continues to improve, but excitement was limited by the belief that such a trend could make it less necessary for further economic or monetary stimulus. The headline unemployment rate remains at 8.3%, as had been broadly predicted, but nonfarm payrolls increased in February by 227,000 while nonfarm private payrolls jumped by 233,000. Respective increases of 206,000 and 220,000 had been broadly expected.

Little attention was paid to news that the trade deficit increased in January to $52.6 billion, which is greater than the $48.2 billion deficit that economists surveyed by Briefing.com had generally expected to follow December's upwardly revised deficit of $50.4 billion.

Although stocks started the session in positive territory, it took some time to muster enough strength to make a meaningful move higher. Even after they did, though, the effort to run higher was stymied by resistance at the S&P 500's multi-year closing high of 1374.

Stocks hugged that line for several hours before retreating in response to headlines that the ISDA ruled that a credit event occurred with respect to Greece. The decision wasn't entirely surprising and came a day after Greece conducted a debt swap that was met with strong demand.

Gains among stocks may have been checked late in the day, but the S&P 500 still managed to settle high enough lock in another weekly gain. Although it amounted to only 0.1%, it still stands as the ninth positive weekly performance in 10 weeks.

Traditionally a defensive holding, the greenback gained about 1% against a basket of major foreign currencies today. Its move was especially pronounced against the euro, sterling pound, and Japanese yen. The dollar's advance really gained momentum with the release of the monthly payrolls report.

A generally positive tone helped take the Volatility Index back below 17 for some time. It settled narrowly above that line, but remained near multi-month lows.

Trade this week actually started on a weak note amid concerns that global economic growth would be adversely impacted by China's 2012 growth forecast of 7.5%, which stands as its lowest target since 2004.

Market participants were hardly encouraged by better-than-expected domestic data that featured an ISM Service Index reading of 57.3 for February. A reading of 57.0 had been expected to follow the 56.8 that was printed in the prior month. Separately, factory orders fell during January by 1.0%, but that was still less severe than the 1.9% drop that had been widely expected.

BP (BP 46.69, -0.42) announced early this week that it has struck a $7.8 billion settlement for claims filed following the Gulf oil spill in 2010. The payment will be made from the $20 billion compensation fund set aside by the company.

Trade on Tuesday was relatively dramatic in that the S&P 500 fell 1.5% to suffer its worst one-day drop in almost three months. The action came on the heels of weak action abroad, where markets remained concerned about the implications of slower growth in China and news that eurozone GDP declined by 0.3% in the fourth quarter, unrevised from its preliminary reading. The disconcerting macro picture came as the stock market began to show fatigue during its run to a new multi-year high in the preceding week.

Widespread weakness and concern that stocks were possibly setting up for a correction caused the Volatility Index to spike more than 15%, putting it back near its monthly high.

Stocks didn't take long to recover from their sell-off, although the mid-week dose of data wasn't all that exciting.

The latest ADP Employment Change indicated that private payrolls climbed by 216,000 in February, on par with the increase of 218,000 that had been broadly expected. The February figure marked an improvement over the upwardly revised increase of 173,000 private payrolls reported for January.

Fourth quarter productivity was revised upward to reflect an increase of 0.9% to narrowly exceed the increase of 0.8% that had been broadly forecasted. However, unit labor costs were also revised higher, but the 2.8% increase was considerably more than the 1.1% increase that had been widely anticipated.

Consumer credit climbed to $17.8 billion in February from a downwardly revised $16.3 billion in the prior month. Economists polled by Briefing.com had forecasted, on average, a decline to $12.0 billion.

Although data did little to drive action, Financials were a source of leadership as they rebounded from their slump in the prior session. The Consumer Discretionary sector also shined, such that American Eagle (AEO 15.54, +0.91) rallied hard despite a disappointing quarterly report and forecast.

General Electric (GE 19.04, +0.01) benefited from news that management continues to expect double-digit revenue growth in global growth regions. Apple (AAPL 545.17, +3.18) shares responded negatively to the company's unveiling of its latest iPad, but on Thursday it shrugged off news that the Justice Department claims that the company colluded to raise electronic book prices.

Stocks built on their mid-week rebound with a broad-based move that provided the second half of the best back-to-back performance for the S&P 500 in more than three months.

Consumer discretionary plays performed well once again as Hot Topic (HOTT 10.01, +0.15) and Coach (COH 77.31, +0.52) climbed. Shares of HOTT hit a multi-year high in response to stronger-than-expected earnings, upside guidance, and a dividend hike. Shares of COH were carried to a record high following encouraging comments from company management.

AIG (AIG 28.25, -0.06) faltered in the face of it all after it was learned that the Treasury Department filed to offer more than 200 million common shares of the company. Shares of the insurance giant had displayed strength earlier in the week amid news that the company sold $6 billion worth of ordinary shares of its Asia subsidiary AIA in an effort to repay its federal government bailout.

There weren't any surprises at the latest European Central Bank meeting, which culminated with the ECB's target interest rate still at 1.00%. The Bank of England also opted to stand pat on its policy, which has an interest rate target of 0.5% and an asset purchase program of 325 billion pounds.

The latest weekly jobless claims count totaled 362,000, which is up 8,000 from the prior week and slightly more than the 355,000 claims that had been broadly expected. DJ30 +14.08 NASDAQ +17.92 NQ100 +0.4% R2K +1.3% SP400 +0.9% SP500 +4.96 NASDAQ Adv/Vol/Dec 1806/1.57 bln/724 NYSE Adv/Vol/Dec 2088/719 mln/889

3:30 pm : Overall action among commodities was actually weak this morning, but the CRB Index managed to bounce to a 0.5% gain, booking its second straight advance. Despite that, it still suffered a 1.1% weekly loss, which comes on top of the 1.5% weekly loss suffered the prior week.

Oil prices were down modestly at the open of pit trade, but the energy component closed the day at $107.40 per barrel for a 0.7% gain. Natural gas was able to build on early strength to settle at $2.32 per MMBtu and score itself a 2.2% gain after it had booked its worst close in a decade the day before.

Precious metals were down on the order of 1% or more this morning, but both gold and silver rallied to impressive gains. Specifically, gold settled at $1711.20 per ounce for a 0.7% gain, while silver scored a 1.1% gain by settling at $34.21 per ounce. DJ30 +11.77 NASDAQ +15.01 SP500 +4.59 NASDAQ Adv/Vol/Dec 1730/1.20 bln/775 NYSE Adv/Vol/Dec 2090/450 mln/860

3:00 pm : After spending the past several hours stuck in a tight trading range a sudden barrage of selling has dropped the stock market to a new afternoon low. The move comes shortly after headlines began to suggest that the ISDA has ruled that a credit event has occurred with respect to Greece, although that was the expected decision from the ISDA.DJ30 +21.88 NASDAQ +17.00 SP500 +5.36 NASDAQ Adv/Vol/Dec 1825/1.09 bln/690 NYSE Adv/Vol/Dec 2220/405 mln/710

2:30 pm : The S&P 500 has spent the past four hours trading in a two-point range near its multi-year closing high of 1374. Although that has been a point of resistance all session, buyers haven't flinched. That has allowed stocks to maintain their solid gains.

Although modest in scope, today's climb has the S&P 500 on pace for its third straight gain. The effort marks the stock market's best three-session performance in a month. DJ30 +36.18 NASDAQ +21.87 SP500 +7.53 NASDAQ Adv/Vol/Dec 1795/990 mln/685 NYSE Adv/Vol/Dec 2220/370 mln/710

2:00 pm : Stocks continue to trade sideways along session highs. The advance, though capped by resistance, has the S&P 500 on pace for another modest weekly gain. Should the broad market measure hold its position, it will book its ninth weekly gain in 10 weeks. The only weekly decline during that time was when the S&P 500 slipped 0.2% in the middle of the streak.DJ30 +42.39 NASDAQ +22.53 SP500 +8.23 NASDAQ Adv/Vol/Dec 1790/920 mln/675 NYSE Adv/Vol/Dec 2225/340 mln/695

1:30 pm : The Dow is having difficulty keeping up with its counterparts -- the S&P 500 and the Nasdaq Composite. The Dow's less impressive performance today comes amid weakness in Hewlett-Packard (HPQ 24.24, -0.40), Verizon (VZ 39.01, -0.21), Exxon Mobil (XOM 84.61, -0.22), Chevron (CVX 109.78, -0.25), and Boeing (BA 73.93, -0.24).DJ30 +37.10 NASDAQ +19.91 SP500 +7.37 NASDAQ Adv/Vol/Dec 1825/840 mln/620 NYSE Adv/Vol/Dec 2250/315 mln/670

1:00 pm : The stock opened with a modest gain in the wake of a pleasing jobs report, but it has since worked its way up to a solid gain. Resistance has capped the advance, though.

Although the headline unemployment rate remains at 8.3%, as had been broadly predicted, a bigger-than-expected increase in nonfarm payrolls and private payrolls -- 227,000 and 233,000, respectively -- was initially met with a positive response. However, excitement was curtailed by the possibility that positive trends in the job market could quell the need for further economic or monetary stimulus.

That notion has helped bolster buying interest in the dollar, which is up 1.1% against a basket of major foreign currencies. The euro is especially weak, despite news that Greece's recent debt swap was met with strong demand. Expectations for strong results were already widely communicated yesterday.

Early trade was relatively choppy, but the Financial sector emerged as a source of leadership. Diversified banks and financial services stocks have led the sector to a 1.2% gain today. That comes on top of the 1.0% gain scored in the prior session.

Leadership from Financials has the broad market up nicely for the third straight session, but the S&P 500 has been able to extend the advance because of resistance near its multi-year closing high in the area of 1374. DJ30 +39.47 NASDAQ +21.76 SP500 +7.60 NASDAQ Adv/Vol/Dec 1825/780 mln/620 NYSE Adv/Vol/Dec 2240/290 mln/660

12:30 pm : Stocks continue to trade near session highs. Broad market gains remain capped by resistance near multi-year closing highs, though.

Strength among stocks has caused volatility to cool further. Accordingly, the Volatility Index, often euphemistically referred to as the Fear Gauge, is down another 5% today. That takes the VIX back near its monthly low narrowly beneath 17 after it had been near its monthly high only three days ago. DJ30 +41.02 NASDAQ +21.87 SP500 +7.69 NASDAQ Adv/Vol/Dec 1830/705 mln/600 NYSE Adv/Vol/Dec 2240/265 mln/655

12:00 pm : Stocks have recovered from their recent slip, but the S&P 500 continues to encounter resistance near the 1374 line, which stands as a multi-year closing high for the broad market measure.

Tech stocks were an early source of support, but buying in the space has stagnated. That has limited the Tech sector's gain to only 0.5%, which is what it had traded up to in the first 30 minutes of action while the broad market struggled to find its direction. Texas Instruments (TXN 32.22, -0.38) has been a source of weakness after the company reduced its earnings forecast. DJ30 +41.40 NASDAQ +20.55 SP500 +7.55 NASDAQ Adv/Vol/Dec 1805/630 mln/595 NYSE Adv/Vol/Dec 2225/235 mln/635

11:30 am : Stocks have started to pull back from session highs, but the overall tone of trade remains broadly positive with each of the 10 major sectors in positive territory.

The dollar continues to sport a heady gain, however. It is up 1.1% against a basket of major foreign currencies. It has been especially strong against the euro, which is down 1.2% to $1.31. The sterling pound is down 0.9% to $1.57. Meanwhile, the yen has fallen hard so that its exchange rate against the greenback is up 1.1% to 82.43 yen per dollar. DJ30 +34.78 NASDAQ +17.94 SP500 +6.78 NASDAQ Adv/Vol/Dec 1805/530 mln/560 NYSE Adv/Vol/Dec 2235/205 mln/560

11:00 am : Stocks have overcome some choppy action to trade higher. The effort has the S&P 500 back at its multi-year closing high, but a few points shy of its multi-year intraday high.

Financials continue to lead the drive higher. The sector, now up 1.2%, has been helped by the likes of JPMorgan Chase (JPM 41.29, +0.85) and Citigroup (C 34.74, +0.74), among shares of other diversified banks and financial services outfits. DJ30 +49.42 NASDAQ +18.98 SP500 +7.97 NASDAQ Adv/Vol/Dec 1750/405 mln/550 NYSE Adv/Vol/Dec 2255/165 mln/525

10:45 am : The dollar index has lifted off at 8:00 a.m. and is on is on its way up towards the 80.00 level. The increase put pressure on precious metals, but select commodities have been rebounding despite recent strength in the dollar index.

Energy: Apr crude oil spent its electronic trading session in the black trading in a tight consolidative pattern. After falling into negative territory 10 minutes before the floor trading open, crude rebounded quickly and rallied to hit session highs of $107.69 in its early morning session. In recent action, crude just hit a new session high and is now +1.2% at $107.91.

Apr natural gas traded in positive territory the majority of its electronic trading session, continuing its positive streak in the early morning session. However, recent weakness pulled the energy component back to the unchanged line.

Metals: Apr gold and May silver plunged into the red minutes after floor trading began to hit early morning lows of $1670.00 and $33.15 respectively. Both precious metals have rallied sharply in recent action. Gold is now +0.7% at $1710.20 and silver is +1.5% at $34.33/oz. May copper is +1.8% at $3.86/lb.DJ30 +58.43 NASDAQ +20.74 SP500 +8.43 NASDAQ Adv/Vol/Dec 1749/404 mln/548 NYSE Adv/Vol/Dec 2250/164 mln/538

10:00 am : Action has become a bit choppy, but the major equity averages have managed to remain in positive territory. Gains are limited in size, however.

Monthly wholesale numbers were just released. They showed a 0.4% increase in January, but that's less than the 0.6% increase that had been broadly expected. There hasn't been any real reaction among stocks to the data. DJ30 +16.58 NASDAQ +5.81 SP500 +2.76 NASDAQ Adv/Vol/Dec 1085/73 mln/925 NYSE Adv/Vol/Dec 1395/50 mln/1130

09:45 am : The major equity averages are up modestly this morning. Financials and Tech -- arguably the two most influential large-cap sectors in the broad market -- are providing a helpful lift.

Financials fought off a couple of selling attempts in the prior session to score a 1.0% gain and are now building on that effort. As a group they are currently up 0.5%, which is better than what any other sector has achieved thus far. Banking plays are a key source of support for the sector.

Tech stocks are collectively up 0.5%, too. Apple (AAPL 547.70, +5.71) is an early leader in the space. DJ30 +23.77 NASDAQ +9.20 SP500 +3.50 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: +2.80. Nasdaq futures vs fair value: +4.30. Stock futures are clinging to a narrow lead over fair value following news that nonfarm payrolls and private payrolls both increased more than had been expected during February. There is concern, though, that the report's strength and positive trend contradict the need for further economic stimulus.

That notion has helped drive the dollar higher -- it now sports a 0.9% gain against a basket of major foreign currencies. Meanwhile, gold prices are down 0.9% to $1683 per ounce and silver is off by 1.5% to $33.33 per ounce.

News that Greece's recent debt swap was met with strong demand has had relatively little influence on early sentiment since stocks already benefited from speculation about strong results during the prior session, which saw stocks climb sharply to book their best back-to-back performance in more than three months. Despite such a feat, the stock market is on pace for a modest weekly loss, which would be only its second in the past 10 weeks.

09:05 am : S&P futures vs fair value: +2.20. Nasdaq futures vs fair value: +3.00. After its lowest close in about a decade, natural gas is getting a bid in the early going. It was last quoted with a 1.0% gain at $2.40 per MMBtu. Meanwhile, crude oil prices have given up gains in electronic trade so that they are off by 0.2% at $106.40 per barrel in early pit trade. Precious metals are under more pronounced pressure. Specifically, gold prices are down 0.9% to $1683 per ounce, while silver has fallen to a 0.9% loss at $33.53 per ounce. General weakness in the commodity complex has the CRB Index contending with a 0.4% loss this morning.

08:35 am : S&P futures vs fair value: +4.50. Nasdaq futures vs fair value: +6.80. Stock futures have started to oscillate on the heels of the latest jobs report. There was some knee-jerk buying that immediately followed the report's release, but that has been calmed by the consideration that the data likely carries implications for economic and monetary policy.

The headline unemployment rate remains at 8.3%, as had been broadly predicted. Nonfarm payrolls increased in February by 227,000, which is greater than the increase of 206,000 that had been expected, on average, among economists polled by Briefing.com. Nonfarm private payrolls jumped by 233,000, which is greater than the increase of 220,000 that had been broadly expected.

Separately, domestic trade data was just released. It showed a deficit of $52.6 billion for January. That's deeper than the $48.2 billion deficit that economists surveyed by Briefing.com had generally expected. As an aside, the deficit for December was revised upward to $50.4 billion.

08:05 am : S&P futures vs fair value: -0.20. Nasdaq futures vs fair value: +0.80. Broad market stock futures are flat ahead of the highly anticipated monthly jobs report, which will be released at 8:30 AM ET. Market participants are also shrugging off news that Greece's recent debt swap drew participation from more than 80% of its private sector holders. Speculation of such success abound yesterday, bolstering positive sentiment as the stock market put together the second half of its best back-to-back performance in more than three months. Amid the stock market's strength the dollar came under pronounced pressure, but it has rebounded this morning. The greenback was last quoted with a 0.5% gain against a basket of major foreign currencies.

06:21 am : [BRIEFING.COM] S&P futures vs fair value: -1.30. Nasdaq futures vs fair value: -1.50.

06:21 am : Nikkei...9929.74...+160.80...+1.70%. Hang Seng...21086.00...+185.30...+0.90%.

06:21 am : FTSE...5852.49...-7.20...-0.10%. DAX...6847.58...+13.00...+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)
Image@ http://twitter.com/wrbtrader, http://stocktwits.com/wrbtrader and http://chart.ly/users/wrbtrader

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