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 Post subject: March 26th Monday 2012 Emini TF ($TF_F) points +11.50
PostPosted: Mon Mar 26, 2012 10:03 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:
032612-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1150.png
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +11.50 points or $1150 dollars in the Russell 2000 Emini TF ($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=1177.

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. Stock Market Wrap

March 26 (Bloomberg) -- Bloomberg's Carol Massar reports on the performance of the U.S. equity market today. The Standard & Poor's 500 Index rallied 1.4 percent to close at 1,416.51 at 4 p.m. New York time, returning to its highest level in almost four years.

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Market Update

4:30 pm : A concerted, broad-based buying effort gave the stock market its best start to a new week of trade in about four months. The bounce comes after stocks booked only their second weekly loss in a dozen weeks of trade.

Stocks displayed strength for the entire session. More than half of the 10 major sectors scored gains in excess of 1%. The best moves were booked by Health Care and Tech, both of which bounded for gains of 1.7%. Financial and Consumer Discretionary sectors were close behind with gains of 1.6%.

The Nasdaq Composite and Nasdaq 100 were able to outperform the other headline averages with help from their large-cap constituents. Qualcomm (QCOM 68.59, +1.90), biotech play Biogen Idec (BIIB 125.80, +4.84), and discretionary play Amazon.com (AMZN 202.87, +7.83) were especially strong.

Small-cap stocks stood out for their heady gains, too. Altogether they climbed almost 2%, as measured by the Russell 2000.

Utilities and Telecom stocks lagged all session, but even those two defensive-oriented sectors scored gains of 0.8% and 0.5%, respectively.

The dollar dropped to a modest loss shortly before the open of trade then extended its slide into the session's close. By the end of the day it was down about 0.6% against a basket of major foreign currencies. The dollar's descent made it easier for gold and silver prices to rise in excess of 1% so that they settled pit trade at $1685.70 per ounce and $32.78 per ounce, respectively. Oil had a relatively quiet session that saw it close pit trade with a 0.2% gain at $107.08 per barrel.

Headlines were limited, but those that were released came out this morning. Early traders initially took heart from news that Germany's latest business climate reading improved to a multi-month high. That spurred the German bourse higher, and helped temper concerns related to Spain's ability to implement fiscal reform.

Additionally, Fed Chairman Bernanke's indication that job market conditions remain far from normal was regarded by many as a tacit sign that the Fed recognizes the need for accommodative policies.

Little attention was paid overall to the report, but in some circles it was noted that pending home sales fell in February by 0.5%, which contrasts the Briefing.com consensus call for a 0.5% increase.

Advancing Sectors: Tech +1.7%, Health Care +1.7%, Financials +1.6%, Consumer Discretionary +1.6%, Industrials +1.5%, Materials +1.4%, Energy +0.9%, Utilities +0.8%, Consumer Staples +0.8%, Telecom +0.6%
Declining Sectors: (None)DJ30 +160.90 NASDAQ +54.65 NQ100 +1.8% R2K +1.9% SP400 +1.4% SP500 +19.40 NASDAQ Adv/Vol/Dec 1952/1.59 bln/607 NYSE Adv/Vol/Dec 2306/742 mln/734

3:30 pm : Amid an absence of news, crude oil prices spent most of pit trade chopping along in a range of $0.70, setting a high near $107.28 per barrel and a low near $106.58 per barrel. The energy component settled floor trading at $107.08 per barrel for a tepid gain of just 0.2%. Natural gas opened its pit session at $2.39 per MMBtu and quickly shed 7 cents to set its session low. Natural gas prices spent the remainder of floor trade near that mark and ultimately settled with a 2.1% loss at $2.32 per MMBtu.

Precious metals rallied out of the red near the end of electronic trade, just as the dollar turned downward. In that move gold gained greater than $20, while silver spiked about $0.55. Both gold and silver spent pit trade sporting impressive gains before they settled at $1685.70 per ounce and $32.78 per ounce with gains of 1.4% and 1.6%, respectively. DJ30 +149.32 NASDAQ +51.38 SP500 +17.55 NASDAQ Adv/Vol/Dec 1945/1.17 bln/600 NYSE Adv/Vol/Dec 2290/445 mln/715

3:00 pm : Stocks remain near their best levels of the day as they enter the final hour of the session. The approaching close has some market participants preparing for earnings fom Apollo Group (APOL 43.05, +0.64), which is scheduled to report after the close. Tomorrow morning brings Walgreens (WAG 34.14, +0.58) and Lennar (LEN 26.27, +0.41).

As for the the economic calendar, Tuesday offers the latest CaseShiller Housing Price Index at 9:00 AM ET then monthly Consumer Confidence at 10:00 AM ET.

Separately, results from an auction of 2-year Notes will be released at 1:00 PM ET. DJ30 +143.12 NASDAQ +48.06 SP500 +16.67 NASDAQ Adv/Vol/Dec 1920/1.08 bln/620 NYSE Adv/Vol/Dec 2250/405 mln/765

2:30 pm : The Nasdaq has extended its recent climb to set a new session high. The S&P 500 has made a more modest upturn, but nonetheless now sits at its best level of the session. The Dow has been slower to follow suit; instead of stretching to a session high, it is now in line with the levels that it set in the early going.

Tech, the largest sector by market weight, has become a source of leadership in recent trade. The sector is now up 1.5% amid strong gains by MasterCard (MA 435.46, +11.46), eBay (EBAY 37.73, +0.84), and Applied Materials (AMAT 12.95, +0.26). DJ30 +133.39 NASDAQ +48.57 SP500 +15.68 NASDAQ Adv/Vol/Dec 1915/975 mln/620 NYSE Adv/Vol/Dec 2210/370 mln/770

2:00 pm : The Nasdaq has ascended to a new session high. The move comes amid strength in large-cap tech plays. More impressive still is the strength of small-cap stocks, which have the Russell 2000 sporting a 1.6% gain. That said, the Russell 2000 is only at its highest level since this past summer, while the broad-based S&P 500 is flirting with the multi-year highs that it set early last week.DJ30 126.62 NASDAQ +43.60 SP500 +14.00 NASDAQ Adv/Vol/Dec 1880/905 mln/630 NYSE Adv/Vol/Dec 2230/345 mln/750

1:30 pm : Stocks continue to trend sideways. The drift has made for some rather unexciting action, but many with a bullish disposition should certainly be satisfied with the approximate 1% gain by the broad market today.

Despite the stock market's strength, the Volatility Index is actually up 1% today. The move puts the euphemistically dubbed Fear Gauge back at 15.0. DJ30 +122.61 NASDAQ +37.97 SP500 +13.80 NASDAQ Adv/Vol/Dec 1865/825 mln/630 NYSE Adv/Vol/Dec 2190/320 mln/780

1:00 pm : Coming off of only its second weekly loss in 12 weeks the stock market is up solidly on the back of renewed broad-based buying.

Stocks opened the day on a decidedly positive note. The move was helped along by strength in Europe, where Germany's DAX helped lead efforts to advance following a multi-month high in its latest business climate reading. That helped temper concerns related to Spain's ability to implement fiscal reform. Additionally, a speech this morning by Fed Chairman Bernanke seemed to suggest that the Fed recognizes the need to remain accommodative in its policies, given that job market conditions remain far from normal.

Health Care stocks have had an impressive session so far. The sector is currently sitting on a 1.3% gain with help from health care facilities plays and managed care providers. Industrials and Financials are close behind with gains of 1.2%.

Telecom and Utilities -- both defensive in nature -- are each up 0.2%. Their lackluster performance today is consistent with how they have fared in 2012.

Without higher oil prices to provide Energy stocks with a boon, the Energy sector has lagged the rest of the market for most of the session. Collectively, Energy stocks are currently up 0.4%, which is less than half of what the broad market has put together. Oil prices have chopped along the neutral line for most of the session and currently sit at $106.80 per barrel, which makes for a 0.1% loss.

An increased tolerance for risk has allowed the dollar to drift lower. Its descent has left it lagging a collection of competing currencies by about 0.4% after it had been relatively flat this morning.

The only consequential piece of domestic data released today was the pending home sales report for February. In a surprise slip, they fell 0.5% from the prior month. DJ30 +117.65 NASDAQ +36.71 SP500 +12.64 NASDAQ Adv/Vol/Dec 1865/765 mln/590 NYSE Adv/Vol/Dec 2190/290 mln/755

12:30 pm : Stocks have started to drift down from their recent trading range. Overall gains remain sizable, though.

Utilities stocks started to lose favor among market participants about 90 minutes ago. The sector is now holding on to a 0.3% gain, which puts it neck and neck with the Telecom sector. The two defensive-oriented sectors are not only today's poorest performers, but are also the weakest performers year to date -- Utilities are down nearly 4% in 2012, while Telecom is up less than 2% during the same span. DJ30 +113.52 NASDAQ +36.62 SP500 +12.74 NASDAQ Adv/Vol/Dec 1900/675 mln/545 NYSE Adv/Vol/Dec 2250/260 mln/670

12:00 pm : Steady strength among stocks has stirred selling among Treasuries, such that the yield on the benchmark 10-year Note is now back near 2.30% after it fell to a weekly low near 2.20% this past Friday.

The dollar has also fallen out of favor. It was last quoted with a 0.4% loss against a collection of competing currencies after it had been relatively flat this morning. DJ30 +123.48 NASDAQ +37.96 SP500 +13.44 NASDAQ Adv/Vol/Dec 1920/612 mln/515 NYSE Adv/Vol/Dec 2280/240 mln/635

11:30 am : Both the S&P 500 and the Dow have spent the past hour trading alongside session highs, but the Nasdaq has managed to move up to an incrementally improved session high that has also given it a modest lead over its counterparts.

Although gains are broad based, large-cap issues like Intel (INTC 28.20, +0.33) and Cisco (CSCO 20.78, +0.25) are leading the way. The Nasdaq's latest leg higher also coincides with a move by semiconductor-related plays to their best levels of the day. The Semiconductors HOLDRS Exchange Traded Fund (SMH 35.84, +0.41) is now up roughly 1.2%. DJ30 +129.12 NASDAQ +38.14 SP500 +13.78 NASDAQ Adv/Vol/Dec 1900/525 mln/520 NYSE Adv/Vol/Dec 2275/210 mln/620

11:00 am : Stocks continue to boast big gains as the broad market advances about 1% so that it trades above the multi-year closing high that it set in the early last week.

Industrials, still up 1.2%, were early leaders, but the Financial sector has since run higher so that it, too, is up 1.2%. Financials have been led higher by the likes of such diversified banks or financial services outfits as JPMorgan Chase (JPM 45.98, +0.82) and Wells Fargo (WFC 34.19, +0.66). DJ30 +130.29 NASDAQ +34.82 SP500 +13.87 NASDAQ Adv/Vol/Dec 1875/365 mln/495 NYSE Adv/Vol/Dec 2355/160 mln/505

10:30 am : Stocks continue to sport sizable, broad-based gains, but commodities are more mixed this morning. That's kept the CRB Index trading with a modest gain of only 0.3%.

Crude oil prices have been clinging to narrow gains all morning. As such, the energy component continues to chop along near $107 per barrel, up just 0.1% for the day. As for natural gas, prices took a dive briefly before the open of pit trade, probing $2.32 per MMBtu at the depths of the drop. It now trades at $2.33 per MMBtu for a loss of 1.7%.

Precious metals have been performing well all morning. Specifically, gold has added to an early gain of about 1% so that it now sports a 1.3% gain at $1684.50 per ounce. Silver is now up 1.5% to $32.77 per ounce. DJ30 +136.83 NASDAQ +33.32 SP500 +14.16 NASDAQ Adv/Vol/Dec 1800/265 mln/520 NYSE Adv/Vol/Dec 2325/125 mln/470

10:00 am : Unfazed by the latest pending home sales report, stocks continue to sport impressive, broad-based gains in that all 10 major sectors are up by 0.4% or more.

Pending home sales for February fell 0.5% from the prior month. That contrasts with the 0.5% increase that had been expected, on average, among economists polled by Briefing.com. DJ30 +103.38 NASDAQ +25.87 SP500 +11.54 NASDAQ Adv/Vol/Dec 1815/135 mln/430 NYSE Adv/Vol/Dec 2375/79 mln/350

09:45 am : Stocks have run up to solid gains this morning. The effort has the S&P 500 sitting just shy of the multi-year closing high that it set last week.

Gains are broad based in the early going, but the Industrials sector is up the most. The sector's 1.2% advance has been led by the likes of Deere & Co. (DE 82.26, +1.42) and Caterpillar (CAT 109.12, +1.29). Telecom, up only 0.2%, is at the opposite end of the spectrum. DJ30 +107.51 NASDAQ +27.01 SP500 +11.79 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: +12.00. Nasdaq futures vs fair value: +23.00. A decidedly positive posture to premarket action continues to suggest that trade this week will open with a solid gain. The tone has been supported, in part, by recent comments from Fed Chairman Bernanke, whose comments that job market conditions remain far from normal seem to suggest that the Fed recognizes the need to remain accommodative in its policies.

Additionally, overall action in Europe has also been upbeat with Germany leading the way following further improvement in the country's latest business climate reading. Moreover, action among equities in both the core and periphery of the eurozone has remained positive in the face of weakness in Spain, where the country's IBEX has fallen sharply amid concerns that the country could have a hard time implementing fiscal reform following the results of a recent election. That said, yields on Spain's debt have actually eased back.

Meanwhile, the euro has staged a solid advance against the greenback. The sterling pound is also up markedly against the dollar.

09:05 am : S&P futures vs fair value: +11.70. Nasdaq futures vs fair value: +23.00. Crude oil futures are up only 0.2% to $107.05 per barrel in early pit trade. That's about a dollar above the lows that it set in overnight trade. As for natural gas, the energy component is flat at $2.37 per MMBtu after descending from early morning highs between $2.41 and $2.42 per MMBtu.

Precious metals are in better shape, given the 1.0% gain that gold has put together -- it was last quoted at $1679.50 per ounce. Silver prices are up 1.2% to $32.66 per ounce. Both gold and silver are up markedly since overnight trade. A recent downturn by the dollar from near the flat line to a 0.3% loss has helped support the rise in precious metals prices.

08:35 am : S&P futures vs fair value: +11.60. Nasdaq futures vs fair value: +23.00. Domestic stock futures continue to trade with strength. Overall action in Europe is also positive, despite concerns that the outcome of recent elections in Spain hints at difficulty in implementing fiscal reform in the country. Such concern has undercut Spain's IBEX, which is off by 1.0% loss today. Meanwhile, Germany's DAX has advanced to a 1.1% gain. Daimler and BASF are atop the list of advancing issues, while Metro AG, E.On, and Siemens (SI 102.96, +0.56) stand as the only three names in the 30-member bourse to trade with losses. Germany's latest IFO Business Climate reading reached a multi-month high of 109.8. France's CAC is currently up 0.5% with help from Credit Agricole and Societe Generale. NicOx has been sharply out of favor, however. Britain's FTSE is up 0.8% at the moment. Tullow Oil and International Power Plc primary leaders in current trade, but financial outfits Royal Bank of Scotland (RBS 8.97, +0.00) and Lloyds Group (LYG 2.24) are weighing on action.

Overnight action in Asia was subdued as both Japan's Nikkei and mainland China's Shanghai Composite eked out gains of only 0.1%, while Hong Kong's Hang Seng finished flat. Japan received support from Hitachi and Nissan Motor (NSANY 20.65, +0.00), but Mizuho Financial (MFG 3.39, +0.00) and Nomura Holdings (NMR 4.55, +0.00) were both sources of weakness. The Shanghai Composite was helped higher by Agricultural Bank of China, Industrial Bank, and China Communications Construction. China Petroleum & Chemical chipped in following its latest earnings report. China Southern Airlines, Deluxe Family, and Inner Mongolia Steel weighed on trade. Hong Kong's Hang Seng was hampered by weakness among bank stocks, especially Agricultural Bank of China, Industrial & Commercial Bank of China, Bank of China, and China Construction Bank. The latest earnings report and forecast from China Construction Bank were met with a negative response.

Note: ticker quotes reflect U.S. premarket prices.

08:05 am : S&P futures vs fair value: +11.60. Nasdaq futures vs fair value: +23.00. Following the stock market's second weekly loss in a dozen weeks, broad market futures suggest that the new week will start on a strong note. Overnight action in Asia was rather mixed, but at the moment most of Europe's bourses are up with modest gains. That said, Spain's IBEX is down sharply amid renewed concerns about the country's ability to implement fiscal reform. Despite that, yields on Spain's debt have actually eased back. Fed Chairman Bernanke recently began a speech in which he expressed that data suggests the job market is improving, but that conditions remain far from normal. Corporate news has been of little consequence and only a dearth of economic data due is due today -- the Chicago Fed National Activity Index will be released at 8:30 AM ET, followed by monthly pending home sales numbers at 10:30 AM ET.

06:19 am : [BRIEFING.COM] S&P futures vs fair value: +5.50. Nasdaq futures vs fair value: +14.50.

06:18 am : Nikkei...10018.24...+6.80...+0.10%. Hang Seng...20668.86...+0.10...0.00.

06:18 am : FTSE...5874.24...+19.40...+0.30%. DAX...7020.83...+25.20...+0.40%.

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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