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 Post subject: April 2nd Monday 2012 Emini TF ($TF_F) points +12.80
PostPosted: Mon Apr 02, 2012 6:01 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)

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040212-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1280.png
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +12.80 points or $1280 dollars in the Russell 2000 Emini TF ($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=103&t=1184.

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=151&t=1432

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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.

Stocks Rally Into The Second Quarter

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

NEW YORK (CNNMoney) -- U.S. stocks closed higher Monday. The latest U.S. manufacturing numbers gave investors reason to keep the stock market's rally going on the first day of the second quarter.

While the March manufacturing report only narrowly beat expectations, investors were energized because the report showed U.S. prices rising less than expected, signaling that inflation may not be a near-term concern.

"Inflation appears to be in check," said Sal Arnuk, co-head of trading at Themis Trading. "Investors now think that it gives reason for the Fed to continue with its very, very easy monetary policy."

The Dow Jones industrial average (INDU) added 52 points, or 0.4%. The S&P 500 (SPX) rose 10 points, or 0.7%. The Nasdaq (COMP) gained 28 points, or 0.9%.

Energy and materials stocks were among the biggest gainers, with mining company Freeport-McMoRan (FCX, Fortune 500), agricultural firm Monsanto (MON, Fortune 500) and United States Steel (X, Fortune 500) all gaining roughly 1%.

Still, market participants said trading was light Monday, and they expect the markets to stay mostly quiet this week ahead of Easter.

Heading into the trading day, investors digested manufacturing data from Europe and China that illustrated weaknesses in their respective economies.

* Pimco's Gross: More ETFs coming

"When you take a step back and look at the U.S. economy, we're muddling through but not knocking the ball out of the park," said Joe Tanious, global market strategist at J.P. Morgan Asset Management. "In Europe, the economies are slowing, and that reminds us that the sovereign debt issues in Europe are far from over."

Monday's economic data follows last week's string of underwhelming reports. What investors are really waiting for is the all-important March jobs report due Friday, although the U.S. stock market will be closed in observance of Good Friday.

Despite recent weak reports on housing and durable goods, stocks have largely been on a tear, with the Dow and S&P 500 ending their best first quarter in over a decade last week. The Nasdaq had its best first quarter since 1991.

The gains have been driven by generally improving economic data in the United States and easing concerns about the debt crisis in Europe. Stocks have also been supported by expectations that the Federal Reserve will continue to support the economy.

"Looks like a little softer start to the week, but I don't think anyone could anticipate the kind of lift we had during the first three months of the year," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

If history is any guide, though, April will be another strong month.

The S&P 500 has risen every April for the past five years, according to Schaeffer's Investment Research. The index has returned an average of 4.5% in April over the same period, making it the best month for the market by far.

Over the weekend, investors got a mixed view of China's crucial manufacturing sector. Worries about a slowdown in China have tempered investor enthusiasm lately.

U.S. stocks closed mixed Friday, as investors weighed a report on consumer spending and a boost to the eurozone bailout fund.

Economy: The March installment of the ISM Manufacturing Index came in above expectations at 53.4, up from 52.4 in the month prior, according to a survey of analysts by Briefing.com.

February construction spending declined by 1.1%. Economists had predicted a 0.5% increase in spending.

Companies: Shares of cosmetics maker Avon Products (AVP, Fortune 500) spiked after competitor Coty announced that it had offered to acquire Avon for roughly $10 billion in cash.
0:00 / 4:43 Second quarter hurdles ahead

Coty said in a statement that it had made "extensive but unsuccessful attempts to engage Avon in discussions regarding its proposal," and therefore decided to make the offer public in order to inform Avon shareholders. Coty added that it has no intention of pursuing a hostile takeover.

Credit card processor Global Payments (GPN) continued to plunge, after dropping 9% Friday on news that the company had fallen victim to a data breach, potentially compromising credit and debit card information from all of the major card brands, including Visa (V, Fortune 500) and MasterCard (MA, Fortune 500).

Shares of daily deals site Groupon (GRPN) were down more than 10%, after the company announced Friday that it was revising its fourth-quarter income and sales lower due to a higher rate of customers seeking refunds.

Groupon also said its auditor had discovered a deficiency in the site's financial statement close process, which covers the steps companies go through at the end of each quarter to ensure that all of their financial transactions have been accurately recorded and reported.

World markets: European stocks closed higher. Britain's FTSE 100 (UKX) gained 1.9%, the DAX (DAX) in Germany added 1.6% and France's CAC 40 (CAC40) rose 1.1%.

Asian markets finished little changed. The Hang Seng (HSI) in Hong Kong slipped 0.16% and Japan's Nikkei (N225) ended up 0.26%. The Shanghai Composite (SHCOMP) was closed for a holiday.

Currencies and commodities: The dollar fell slightly against the British pound and the Japanese yen but gained slightly against the euro.

Oil for May delivery rose $2.21 to $105.23 a barrel.

Gold futures for April delivery gained $8.20 to $1,677.50 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2.18%.

Image

Market Update

4:05 pm : The major averages ended the day with strong gains as they got the second quarter started out on the right foot. Equities opened with modest losses, but quickly reversed to gains following the ISM Index beat, and have been trending higher throughout the session. A 0.9% surge had the Nasdaq pacing the advance while the S&P 500 climbed 0.7%, and the Dow lagged with a gain of 0.4%. Both the S&P 500 and the Dow Jones Industrial Average closed at multi-year highs.

Groupon (GRPN 15.27, -3.10) fell 16.9% after the company revised its fourth quarter and fiscal year 2011 financial results. The revisions occurred because inadequate refund reserves (and higher than expected customer returns) resulted in a reduction to Q4 2011 revenue of $14.3 million, and to an increase of fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million, and earnings per share by $0.04.

DirecTV (DTV 49.94, +0.60) added 1.2% despite losing service to Tribune Co. television stations. The two parties saw their agreement end on Sunday, and have yet to reach terms on a new deal. The blackout will prevent Chicagoans with DirecTV from seeing Bulls, Blackhawks, Cubs, and White Sox games scheduled on WGN.

French beauty company Coty announced that it has submitted a non-binding proposal to acquire Avon (AVP 22.68, +3.32) for $23.25 per share in cash, representing a 21% premium to Friday's close. The deal was rejected by Avon.

Dunkin’ Brands (DNKN 30.63, +0.55) is trading up 0.8% after announcing an exclusive multi-year product and marketing agreement with Coca-Cola (KO 74.14, +0.13). The deal will include more than 9,400 Dunkin’ Donuts and Baskin-Robbins restaurants across the United States, and will begin later this month.

Treasuries saw small gains as most of the earlier buying was erased. The 10-yr yield fell 2 .3 bps on the session to finish at 2.193%. Little change along the yield curve saw the 2-10-spread hold steady at 188 bps.

Data picks up a bit on Tuesday as factory orders, the FOMC minutes, and auto/truck sales are released.DJ30 +52.45 NASDAQ +28.13 SP500 +10.42 NASDAQ Adv/Vol/Dec 1766/1.72 bln/764 NYSE Adv/Vol/Dec 2279/751.9 mln/772

3:30 pm : Energy components made noticeable gains today despite the lack of any market-moving news. Crude oil climbed out of negative territory shortly after floor trade opened, and continued to make gains as its session progressed. It closed pit trade with a gain of 2.1% at $105.24 per barrel, just below its session high of $105.49. Elsewhere, natural gas rallied into positive territory, and chopped around the $2.15 per MMBtu level for the remainder of pit trade where it eventually settled for the session. After seven consecutive days of losses, natural gas closed floor trade with a gain of 0.9%. Meanwhile, precious metals spent most of their pit sessions in the black, seeing the biggest gains in early trade. Both gold and silver lost some steam after hiting their respective highs of $1685.30 and $33.25, but still closed near those levels. Gold settled up 0.5% at $1680.20 per ounce, and silver booked a gain of 2.1% as it closed at $33.13 per ounce.DJ30 +71.60 NASDAQ +29.63 SP500 +12.26 NASDAQ Adv/Vol/Dec 1679/1.37 bln/852 NYSE Adv/Vol/Dec 2341/484.7 mln/720

3:00 pm : Treasuries ended off their best levels of the session as sellers took control following the better than expected ISM Index. Early buying dropped the 10-yr yield to 2.162%, but it finished the day near 2.19% as light selling continued over the course of the day. The belly of the curve saw the biggest decline in yield as the 7-yr fell 3.1 bps to 1.579%. Meanwhile, the yield curve saw little change as the 2-10-yr spread held near 188 basis points. Data picks up tomorrow as factory orders, the FOMC minutes, and auto/truck sales are released. Cleveland Fed President Sandra Pianalto will discuss “The Fed and the Economy: Striving for Balance.”DJ30 +82.00 NASDAQ +29.56 SP500 +13.47 NASDAQ Adv/Vol/Dec 1682/1.26 bln/836 NYSE Adv/Vol/Dec 2342/441.6 mln/711

2:30 pm : The major averages remain near session highs with both the S&P 500 and Nasdaq seeing gains of 0.9%.

DirecTV (DTV 49.92, +0.58) is trading higher by 1.1% despite losing service to Tribune Co. television stations. The two parties saw their agreement end on Sunday, and have yet to reach terms on a new deal. The blackout will prevent Chicagoans with DirecTV from seeing Bulls, Blackhawks, Cubs, and White Sox games scheduled on WGN. DJ30 +74.24 NASDAQ +27.33 SP500 +12.15 NASDAQ Adv/Vol/Dec 1665/1.17 mln/844 NYSE Adv/Vol/Dec 2322/406.9 mln/738

2:00 pm : The dollar index holds just above its 78.80 lows as early strength quickly reversed to losses following the better than expected ISM Index. Commodity currencies are the top performers today as both the Australian and Canadian dollars are up close to 0.8% against the greenback as traders move back into riskier assets. Today’s strength in the Aussie dollar comes despite another disappointing piece of data as building approvals tumbled 7.8% on expectations of a 0.4% gain. Traders will be watching tonight’s Reserve Bank of Australia interest rate decision as the central bank is expected to keep its benchmark interest rate steady at 4.25%. DJ30 +73.26 NASDAQ +26.95 SP500 +12.20 NASDAQ Adv/Vol/Dec 1636/1.07 bln/867 NYSE Adv/Vol/Dec 2328/373.3 mln/698

1:30 pm : Stocks remain near highs of the day as we proceed into the afternoon.

While corporate news may be light during this holiday-shortened week (the U.S. stock market is closed Friday for Good Friday), there is an abundance of economic data.

Today's data was mixed. The March ISM Manufacturing Index increased from 52.4 in February to 53.4 in March, while the Briefing.com consensus expected the index to increase to 53.0. The increase in the national index countered notable slowdowns in manufacturing activities shown by most of the regional Fed surveys.

Construction spending fell 1.1% in February after declining 0.8% in January. The Briefing.com consensus expected construction spending to increase 0.5%. The pickup in the number of homes currently under construction failed to produce any gains in the residential construction sector.

The rest of the week is heavy on employment data, starting with Wednesday's ADP data and ending with Friday's highly-anticipated March employment report from the government. The monthly employment data will be reported as usual on Friday despite the stock market being closed, while the bond market will be open Friday for a shortened session.DJ30 +69.63 NASDAQ +25.68 SP500 +11.70 NASDAQ Adv/Vol/Dec 1618/1.00 bln/855 NYSE Adv/Vol/Dec 2342/347.3 mln/686

1:00 pm : Equities continue to grind higher as both the S&P 500 and Nasdaq lead the way with gains of 0.9%. The higher trade comes after a weaker open that reversed course following the ISM Index beat. The better than expected number comes after mixed Chinese data showed Manufacturing PMI rose to 53.1 (51.0 previous) while HSBC Manufacturing PMI fell to 48.3 (49.6 previous). European PMI data was also mixed as Eurozone Final Manufacturing PMI held at 47.7 and Britain’s Manufacturing PMI surged to 52.1.

Groupon (GRPN 16.25, -2.13) is down 11.6% after the company revised its fourth quarter and fiscal year 2011 financial results. The revisions occurred because inadequate refund reserves (and higher than expected customer returns) resulted in a reduction to Q4 2011 revenue of $14.3 million, and to an increase of fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million, and earnings per share by $0.04.

Shares of Avon (AVP 22.53, +3.17) are trading up 14.7% after French beauty company Coty announced that it has submitted a non-binding proposal to acquire Avon for $23.25 per share in cash. The offer represents a 21% premium to Friday's close, but has been subsequently rejected by Avon.

Dunkin’ Brands (DNKN 30.39, +0.31) is trading up 0.8% after announcing an exclusive multi-year product and marketing agreement with Coca-Cola (KO 74.11, +0.10). The deal will include more than 9,400 Dunkin’ Donuts and Baskin-Robbins restaurants across the United States, and will begin later this month.

Treasuries are off their best levels of the session, but still hold modest gains as the long bond trades up 11/32 at 96 10/32. Elsewhere, the 10-yr is higher by 9/32 at 98 13/32 with today’s buying dropping its yield more than 4 bps to 2.177%.DJ30 +71.97 NASDAQ +26.81 SP500 +12.17 NASDAQ Adv/Vol/Dec 1634/921.8 mln/829 NYSE Adv/Vol/Dec 2356/321.3 mln/655

12:30 pm : The major market averages continue to climb higher as both the S&P 500 and Nasdaq lead the way with gains of 0.8%.

Dunkin’ Brands (DNKN 30.40, +0.32) is trading up 0.8% after announcing an exclusive multi-year product and marketing agreement with Coca-Cola (KO 74.13, +0.12). The deal will include more than 9,400 Dunkin’ Donuts and Baskin-Robbins restaurants across the United States, and will begin later this month. DJ30 +64.67 NASDAQ +25.08 SP500 +11.44 NASDAQ Adv/Vol/Dec 1570/840.0 mln/863 NYSE Adv/Vol/Dec 2344/293.3 mln/661

12:00 pm : Treasuries have slipped off their best levels of the session as equity markets push to their highs. The long bond is trading up 11/32 at 96 09/32 after support in the 96 00/32 area held. Yields across the complex continue to ease as traders begin pricing in the prospects of more easing by the Fed. Today’s buying has dropped the 10-yr yield 3.3 basis points to 2.183%, and has the yield back below its 200-day moving average. Meanwhile, bull flattening continues along the yield curve as the 2-10-yr spread is tighter at 184.5 bps. DJ30 +60.13 NASDAQ +22.41 SP500 +10.29 NASDAQ Adv/Vol/Dec 1542/755.7 mln/871 NYSE Adv/Vol/Dec 2294/261.7 mln/681

11:30 am : The major market averages are traidng at their best levels of the session as gains of 0.5% have the S&P 500 and Nasdaq leading the way.

Shares of Avon (AVP 22.21, +2.85) are trading up 14.7% after French beauty company Coty announced that it has submitted a non-binding proposal to acquire Avon for $23.25 per share in cash. The offer represents a 21% premium to Friday's close, but has been subsequently rejected by Avon. Coty said it has held extensive discussions with its financing sources about obtaining the debt and equity financing necessary to complete this transaction, and is confident that such financing will be available. Following extensive but unsuccessful attempts to engage Avon in discussions regarding its proposal, Coty has decided to make its proposal public in order to inform Avon's shareholders of the significant value in a transaction. Coty said it has no intention of pursuing an acquisition on a hostile basis.DJ30 +23.39 NASDAQ +14.16 SP500 +6.51 NASDAQ Adv/Vol/Dec 1400/658.2 mln/985 NYSE Adv/Vol/Dec 2100/225.6 mln/845

11:00 am : The major market averages hold small gains in early trade as both the S&P 500 and Nasdaq lead the way with advances of 0.3%.

Shares of Groupon (GRPN 16.32, -2.17) are trading down 11.9% after the company revised its fourth quarter and fiscal year 2011 financial results. The revisions occurred because inadequate refund reserves (and higher than expected customer returns) resulted in a reduction to Q4 2011 revenue of $14.3 million, and to an increase of fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million, and earnings per share by $0.04.DJ30 -0.34 NASDAQ +8.92 SP500 +3.61 NASDAQ Adv/Vol/Dec 1299/549.7 mln/1051 NYSE Adv/Vol/Dec 1912/191.0 mln/997

10:35 am : Crude and precious metals rallied in recent trade, while the dollar index only drifted lower.

In the energy space, May crude oil gained steam about an hour ago and rallied from just above the $102 level to a new session high of $103.50/barrel. In current trade, crude has pulled back, but just modestly and is now +0.4% a t$103.432/barrel.

Apr natural gas began to sell-off around 8am ET, which pulled nat gas into negative territory and down over 3% to a new session low of $2.07. The energy component has since erased more than half of its losses and is -0.9% at $2.11/MMBtu.

In metals, Apr gold and May silver rallied sharply in recent trade to new session highs (Gold $1679.90, Silver $33.07), only partially driven by the dollar index. The index is still in positive territory, but has been drifting lower for just over an hour now. In current trade, both precious metals remain near their session highs. Gold is +0.5% at $1678.10/oz and silver is +1.8% at $33.06/oz.DJ30 -2.65 NASDAQ +7.08 SP500 +2.87 NASDAQ Adv/Vol/Dec 1291/430 mln/1026 NYSE Adv/Vol/Dec 1841/160 mln/985

10:05 am : Stocks are seeing little reaction in response to some mixed data. Specifically, the ISM Manufacturing Index rose to 53.4 in February from 52.4 in the prior month. Economists polled by Briefing.com had expected, on average, that the reading would improve to 53.0. Additionally, construction spending slipped 1.1% in January. That contrasts with the 0.5% increase that had been broadly forecasted.DJ30 -32.02 NASDAQ -6.32 SP500 -0.94 NASDAQ Adv/Vol/Dec 922/263.2 mln/1310 NYSE Adv/Vol/Dec 1508/107.2 mln/1305

09:45 am : Equities are trading lower in the opening minutes as weakness is led by materials and energy. All three of the major averages are lower by close to 0.3% as traders await this morning’s data. ISM Index and construction spending numbers are both scheduled for release at 10 am ET. DJ30 -35.04 NASDAQ -5.87 SP500 -1.01 NASDAQ Vol 154.0 mln NYSE Vol 73.9 mln

09:13 am : [BRIEFING.COM] S&P futures vs fair value: -1.00. Nasdaq futures vs fair value: -0.80. Equity futures are pointing to a slightly lower open following the mixed overseas data.

In U.S. corporate news, Global Payments (GPN), which was halted Friday amid a credit card information breach, announced it identified and self-reported unauthorized access into its processing system. The co believes that the affected portion of its processing system is confined to North America and less than 1,500,000 card numbers may have been exported. According to a Reuters story, Visa (V) has suspended GPN from list of its approved providers. Finally, GPN reported mixed Q4 results and reaffirmed FY12 EPS guidance, and will hold a conference call at 8:00 ET.

In other news, French beauty co Coty announced that it has submitted a non-binding proposal to acquire Avon (AVP) for $23.25 per share in cash, representing a 21% premium to Friday's close. Coty has held extensive discussions with its financing sources about obtaining the debt and equity financing necessary to complete this transaction, and is confident that such financing will be available. Following extensive but unsuccessful attempts to engage Avon in discussions regarding its proposal, Coty has decided to make its proposal public in order to inform Avon's shareholders of the significant value in a transaction. Coty said it has no intention of pursuing an acquisition on a hostile basis.

08:58 am : [BRIEFING.COM] S&P futures vs fair value: +0.50. Nasdaq futures vs fair value: +1.50. Treasuries are little changed this morning after seeing some overnight weakness following the mixed Chinese PMI data. The long bond was trading down 23/32 at 95 07/32 at its worst levels of overnight trade, but has recently crossed into positive territory. The 30-yr bond now holds a small gain of 3/32 near 96 02/32 as buyers have emerged following mixed European data. Meanwhile, a small bid in the 10-yr note has dropped the benchmark yield 1.4 basis points to 2.202%. Today’s buying has flattened the yield curve as the 2-10-yr spread trades tighter at 187.5 basis points.

08:28 am : [BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -4.80. U.S. futures are starting the holiday-shortened week flat. This follows a mixed trade in Asia (Nikkei +0.3%, Hang Seng -0.2%, Shanghai closed) and weakness in Europe (DAX -0.2%, CAC -0.6%, FTSE -0.1%) amid mixed PMI data.

Global PMI data painted a mixed picture. The official Chinese Manufacturing PMI came in at a much higher than expected 53.1 while the HSBC counterpart showed a contraction, posting a 48.3 figure, down from 49.6 last month. HSBC argues that the difference between the numbers stems from the lack of seasonal adjustment to China's official release and a tilt towards large businesses, whereas the HSBC's measure captures a broader landscape. Japan's Tankan survey illustrated muted growth this month, as companies are still worried about the yen despite the recent weakness. Japanese stocks were led by auctomakers as Nissan Motor and Honda Motor gained 1.9% and 2.1% respectively. Hong Kong's Hang Seng shed 0.2% as builders were weak while materials were strong. China Communications Construction sank 3.3% while Jiangxi Copper added 2.0%.

In Europe, France posted its worst PMI figure in 32 months at 46.7, while the UK reported its best reading since May at 52.1. Germany came in slightly higher than expected at 48.4, but the Eurozone PMI was just in-line at 47.7. Financials are lower across the region as Credit Agricole (-3.7%), Lloyds Banking Group (-2.5%), and Deutsche Bank (-1.5%) are among the worst performers on their respective indices.

07:58 am : [BRIEFING.COM] S&P futures vs fair value: -1.70. Nasdaq futures vs fair value: -3.20. Equity futures are holding small losses this morning after mixed overseas data. Futures opened higher following the mixed Chinese data as Manufacturing PMI rose to 53.1 (51.0 previous) while HSBC Manufacturing PMI fell to 48.3 (49.6 previous). Futures pared their gains over the course of the morning as European data provided some selling. Data to be released this morning includes the ISM Index and construction spending, both of which are scheduled for release at 10 am ET.

06:19 am : [BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +2.00.

06:19 am : Nikkei...10109.87...+26.30...+0.30%. Hang Seng...20522.26...-33.30...-0.20%.

06:19 am : FTSE...5768.36...+28.30...+0.40%. DAX...6971.22...+24.40...+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

http://www.thestrategylab.com
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