TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
It is currently Thu Mar 28, 2024 12:24 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: April 16th Monday 2012 Emini TF ($TF_F) points +14.10
PostPosted: Mon Apr 16, 2012 11:48 pm 
Offline
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Image

Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)

Attachment:
041612-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1410.png
041612-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1410.png [ 76.04 KiB | Viewed 297 times ]

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

Price Action Trade Performance for Today: +14.10 points or $1410 dollars in the Russell 2000 Emini TF ($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=1194.

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

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

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.

Attachment:
041612-Key-Price-Action-Markets.png
041612-Key-Price-Action-Markets.png [ 543.9 KiB | Viewed 296 times ]


Image

Market Update

4:10 pm : Stocks ended the day mixed as the Dow advanced 0.6% and the Nasdaq fell 0.8%. The broad-based S&P 500 finished little changed with a loss of 0.1%. Equities opened on session highs following the strong retail sales data, but fell to their lows shortly after the business inventories and NAHB Housing Market Index data. The major indices then climb higher over the remainder of the session which forced the mixed close. European fears were back on the minds of traders as Spanish CDS hit a record high and the Spanish 10-yr yield rose to 6.111%.

Shares of Citigroup (C 34.04, +0.63) rallied 1.9% despite the company missing on both the top and bottom lines. The banking giant announced earnings per share of $0.95 on revenues of $19.41 billion as both numbers missed their consensus estimates by fairly wide margins. The Capital IQ Consensus estimate was calling for earnings of $1.00 per share on revenues of $19.94 billion. Credit Value Adjustment/Debt Valuation Adjustment was a negative $1.3 billion during the first quarter, resulting from the tightening of the company’s spreads, compared to -$256 million in the prior year.

European financials erased cut early losses despite the Spanish jitters. Banco Santander (STD 6.43, +0.03), Barclays (BCS 13.56, -0.04), and Deutsche Bank (DB 44.40, +0.10) closed mixed during U.S. trade.

Shares of homebuilders ended higher following this morning’s disappointing NAHB Housing Market Index number with the SPDR S&P Homebuilders ETF (XHB 20.80, +0.07) up 0.3%.

Endocyte (ECYT 7.62, +3.82) gained 100.5% after Merck (MRK 37.95, +0.17) announced it purchased the rights to Vintafolide, the company’s experimental cancer drug for as much as $1 billion. The drug is currently being evaluated in a Phase III clinical trial for platinum-resistant ovarian cancer and a phase II trial for non-small cell lung cancer.

Mobile phone ringtone maker Vringo (VRNG 3.97, +0.93) rose 30.6% following a disclosure filed by Mark Cuban which indicates he owns a 7.4% stake in the company.

Technology giants Apple (AAPL 580.13, -25.10) and Google (GOOG 606.07, -18.53) saw under notable selling pressure with both Nasdaq heavyweights losing in excess of 3.0%.

YPF Sociedad Anonima (YPF 19.50, -2.45) was under heavy selling pressure on reports the Argentine government will attempt to take a stake of as much as 50.01% in the company. The government says the takeover would be in “public interest.” There had been reports circulating early in 2012 suggesting a move like this may occur at some point in the future.

The dollar index finished lower near 79.55 after pushing above the 80.00 level in early trade. Driving the dollar weakness was strength in the euro (+0.5%) and the yen (+0.6%). Treasuries ended with small gains as light buying in the 10-yr dropped its yield 2.4 basis points to 1.974%.

Tomorrow morning, results from the following big names are scheduled to be released: Coca-Cola Co. (KO 72.44, +0.50), Goldman Sachs Group Inc. (GS 117.73, +2.64), Johnson & Johnson (JNJ 63.98, +0.44), Omnicom Group (OMC 49.19, +0.46), Northern Trust (NTRS 46.16, +0.46), State Street (STT 43.68, +0.49), TD Ameritrade (AMTD 18.78, -0.08) and U.S. Bancorp (USB 31.16, +0.26).

Tuesday will see housing starts and building permits at 8:30 am ET, as well as industrial production and capacity utilization at 9:15 am ET. DJ30 +71.82 NASDAQ -22.93 SP500 -0.69 NASDAQ Adv/Vol/Dec 1320/1.53 bln/1184 NYSE Adv/Vol/Dec 1728/735.6 mln/1305

3:30 pm : Crude oil chopped around the $102.20 per barrel level after after briefly sliding into negative territory and touching a session low of $101.82 per barrel. It regained momentum heading into the close, climbing back into the black and posting a modest 0.1% gain at $102.92 per barrel. Natural gas spent the better part of its floor trading recouping morning losses and steadily trending upwards. It settled just below its session high of $2.03 per MMBtu, booking a gain of 2.0%. Despite a continued decline in the dollar, precious metals were not able to bounce back from their early morning selloff. Gold remained in negative territory for its entire session, dipping as low as $1644.20 per ounce. It then chopped around the $1650.00 per ounce level and settled with a loss of 0.6%. After hitting a session high of $31.70 per ounce in floor trade, silver gave up its morning gains and spent the remainder of its session chopping around near the flat line. The white metal closed pit trade at $31.38 per ounce, or down 0.1%.DJ30 +99.26 NASDAQ -21.72 SP500 +0.60 NASDAQ Adv/Vol/Dec 1370/1.24 bln/1136 NYSE Adv/Vol/Dec 1831/494.9 mln/1216

3:00 pm : Some afternoon selling dropped Treasuries off their best levels, but maturities across the complex still finished with small gains. This morning’s post-data buying saw maturities hit their best levels since at least March 7 with the 5-yr touching levels not seen since late September. A gain of 8/32 pushed the long bond up to 100 05/32 as maturities saw small gains despite what looks to be a potential advance for the broad-based S&P 500. The 10-yr slipped off its session high of 100 15/32, finishing the session at up 3/32 at 100 07/32 while seeing its yield fall 2.4 basis points to 1.974%. A slightly flatter yield curve saw the 2-10-yr spread narrow to 169 basis points. Tuesday will see housing starts and building permits at 8:30 am ET, as well as industrial production and capacity utilization at 9:15 am ET. DJ30 +106.75 NASDAQ -15.63 SP500 +2.35 NASDAQ Adv/Vol/Dec 1430/1.15 bln/1066 NYSE Adv/Vol/Dec 1892/457.2 mln/1141

2:30 pm : Stocks continue their mixed trade as the Dow leads with a 0.9% gain and the Nasdaq lags with a 0.5% loss.

European financials have erased early weakness and are now trading higher as equity markets hold near session highs. Jitters over the health of Spain led to early pressure on European financials as Spanish CDS hit an all-time high, and the Spanish 10-yr yield climbed back above 6.00%. Banco Santander (STD 6.43, +0.03), Barclays (BCS 13.59, +0.00), and Deutsche Bank (DB 44.51, +0.21) are now all trading in positive territory as early selling pressure on the euro eased. DJ30 +106.59 NASDAQ -16.73 SP500 +2.30 NASDAQ Adv/Vol/Dec 1379/1.06 bln/1100 NYSE Adv/Vol/Dec 1838/419.7 mln/1181

2:00 pm : The dollar index has been under pressure after slipping back below the 80.00 level and now trades on session lows near 79.75. The yen continues to see safe-haven buying as worries over the health of Spain make their way back into the headlines. Today’s strength ran the yen up to 80.40 against the dollar. Meanwhile, the euro is stronger despite the uncertainty regarding Spain. Early selling dropped the single currency to a session low of 1.2995, but some fresh buying now has it trading up 60 pips and at session highs near 1.3135. The move in the euro comes even as Spanish CDS hit another record high, and as the Spanish 10-yr yield climbed back above 6.00%. Elsewhere, the pound is riding the coattails of the euro and trades up 35 pips at 1.5890.DJ30 +134.04 NASDAQ -12.38 SP500 +5.26 NASDAQ Adv/Vol/Dec 1456/982.5 mln/1017 NYSE Adv/Vol/Dec 1975/385.6 mln/1046

1:30 pm : Markets continue to trade in a relatively tight midday range, with the technology sector underperforming the broader market to a large degree. Although there aren't any influential earnings reports after tonight's close, the flow of important earnings really picks up over the remainder of the week.

Tomorrow morning, results from the following big names are scheduled to be released: Coca-Cola Co. (KO 72.58, +0.64), Goldman Sachs Group Inc. (GS 116.13, +1.04), Johnson & Johnson (JNJ 64.04, +0.50), Omnicom Group (OMC 49.34, +0.61), Northern Trust (NTRS 45.88, +0.18), State Street (STT 43.34, +0.15), TD Ameritrade (AMTD 18.81, -0.05) and U.S. Bancorp (USB 31.11, +0.21).

Then tomorrow afternoon we get results from the following: IBM (IBM 204.32, +1.52), Intel (INTC 28.28, +0.19), Yahoo! (YHOO 14.78, -0.09), Seagate (STX 28.43, +1.05), Stryker (SYK 54.15, +0.19) and CSX Corp. (CSX 22.07, +0.15).

Over the remainder of the week there is a heavy flow of earnings from major companies, with 17% of the S&P 500 components scheduled to release results.DJ30 +85.83 NASDAQ -24.08 SP500 -0.33 NASDAQ Adv/Vol/Dec 1289/891.7 mln/1173 NYSE Adv/Vol/Dec 1695/344.3 mln/1305

1:00 pm : The major averages continue to see mixed results in afternoon trade. The Dow continues to see gains, trading up 0.5% while the Nasdaq and S&P 500 hold respective losses of 0.9% and 0.2%.

Shares of Citigroup (C 34.05, +0.64) are trading up 1.9% despite the company missing on both the top and bottom lines. The banking giant announced earnings per share of $0.95 on revenues of $19.41 billion as both numbers missed their consensus estimates by fairly wide margins. The Capital IQ Consensus estimate was calling for earnings of $1.00 per share on revenues of $19.94 billion. Credit Value Adjustment/Debt Valuation Adjustment was a negative $1.3 billion during the first quarter, resulting from the tightening of the company’s spreads, compared to -$256 million in the prior year.

Endocyte (ECYT 7.80, +4.00) is up 105.5% after Merck (MRK 38.00, +0.22) announced it purchased the rights to Vintafolide, the company’s experimental cancer drug for as much as $1 billion. The drug is currently being evaluated in a Phase III clinical trial for platinum-resistant ovarian cancer and a phase II trial for non-small cell lung cancer.

Mobile phone ringtone maker Vringo (VRNG 4.37, +1.33) is higher by 43.8% following a disclosure filed by Mark Cuban which indicates he owns a 7.4% stake in the company.

Technology giants Apple (AAPL 586.74, -18.49) and Google (GOOG 606.00, -18.60) are under notable selling pressure with both Nasdaq heavyweights trading down in excess of 3.0%.

YPF Sociedad Anonima (YPF 19.25, -2.70) is under heavy selling pressure on reports the Argentine government will attempt to take a stake of as much as 50.01% in the company. The government says the takeover would be in “public interest.” There had been reports circulating early in 2012 suggesting a move like this may occur at some point in the future.

Shares of homebuilders are flat following this morning’s disappointing NAHB Housing Market Index number with the SPDR S&P Homebuilders ETF (XHB 20.75, +0.02) up fractionally.

Treasuries are seeing a safe-haven bid as worries over Spain have maturities at their best levels since March 7. Buying has dropped the 10-yr yield to a session low of 1.946%. DJ30 +69.97 NASDAQ -26.83 SP500 -1.75 NASDAQ Adv/Vol/Dec 1167/821.8 mln/1259 NYSE Adv/Vol/Dec 1539/316.3 mln/1445

12:30 pm : The major averages are slipping back towards session lows as trade remains mixed. The Dow continues to lead with a gain of 0.5% while the Nasdaq and S&P 500 hold losses of 0.9% and 0.2% respectively.

Shares of YPF Sociedad Anonima (YPF 18.67, -3.28) are under heavy selling pressure on reports the Argentine government will attempt to take a stake of as much as 50.01% in the company. The government says the takeover would be in “public interest.” There had been reports circulating early in 2012 suggesting a move like this may occur at some point in the future.DJ30 +60.74 NASDAQ -25.94 SP500 -2.00 NASDAQ Adv/Vol/Dec 1138/759.4 mln/1284 NYSE Adv/Vol/Dec 1481/292.6 mln/1483

12:00 pm : The major averages continue their mixed trade with the Dow up 0.3% while the S&P 500 and Nasdaq hold respective losses of 0.2% and 0.9%.

Mobile phone ringtone maker Vringo (VRNG 4.04, +1.00) is higher by 32.2% following a disclosure filed by Mark Cuban which indicates he owns a 7.4% stake in the company.DJ30 +49.61 NASDAQ -25.70 SP500 -2.56 NASDAQ Adv/Vol/Dec 1108/674.8 mln/1307 NYSE Adv/Vol/Dec 1446/262.7 mln/1503

11:30 am : The major indices remain mixed as the Dow holds a 0.6% gain, the S&P 500 trades flat, and the Nasdaq is down 0.6%.

Endocyte (ECYT 7.70, +3.90) is up 102.6% after Merck (MRK 38.00, +0.22) announced it purchased the rights to Vintafolide, the company’s experimental cancer drug, for as much as $1 billion. The drug is currently being evaluated in a Phase III clinical trial for platinum-resistant ovarian cancer and a phase II trial for non-small cell lung cancer. DJ30 +76.78 NASDAQ -17.86 SP500 -0.05 NASDAQ Adv/Vol/Dec 1169/591.6 mln/1205 NYSE Adv/Vol/Dec 1546/229.0 mln/1369

11:00 am : The major averages continue their mixed trade with the Dow and S&P 500 seeing respective gains of 0.5% and 0.1% while the Nasdaq holds a loss of 0.5%.

Shares of Citigroup (C 34.19, +0.78) are trading up 2.3% despite the company missing on both the top and bottom lines. The banking giant announced earnings per share of $0.95 on revenues of $19.41 billion as both numbers missed their consensus estimates by fairly wide margins. The Capital IQ Consensus estimate was calling for earnings of $1.00 per share on revenues of $19.94 billion. Credit Value Adjustment/Debt Valuation Adjustment was a negative $1.3 billion during the first quarter, resulting from the tightening of the company's spreads, compared to -$256 million in the prior year. DJ30 +66.60 NASDAQ -16.42 SP500 +0.52 NASDAQ Adv/Vol/Dec 1159/501.7 mln/1191 NYSE Adv/Vol/Dec 1594/193.0 mln/1290

10:30 am : Apple (AAPL 590.42, -14.81) is showing notable relative weakness amid a generally stronger market. Apple shares are now -2.5% and at a new four-week low, weighing on the technology sector. So far the move doesn't appear to be related to a specific fundamental catalyst. In addition to Apple, Google (GOOG 607.64, -16.96) has moved below its 50-day moving avearges in early trade, continuing last Friday's negative reaction to earnings and adding pressure to the tech sector. Overall, the technology sector, as measured by the Nasdaq 100, is down 0.9% versus a 0.2% decline in the broader S&P 500.DJ30 +59.75 NASDAQ -29.97 SP500 -2.27 NASDAQ Adv/Vol/Dec 844/401.4 mln/1468 NYSE Adv/Vol/Dec 1275/158.0 mln/1581

10:05 am : Just released, business inventories for February increased by 0.6%, which is slightly greater than the 0.5% increase that had been expected, on average, among economists polled by Briefing.com.

Meanwhile, The Housing Market Index for April fell to 25 from 28 in the prior month, exceeding the Briefing.com consensus call for an improvement to 29. The drop was the first in seven months for the index. Shares of homebuilders have been hit hard on the news, resulting in a quick drop to session lows by the SPDR S&P Homebuilders ETF (XHB 20.65, -0.08). DJ30 +77.50 NASDAQ -25.14 SP500 -0.11 NASDAQ Adv/Vol/Dec 982/242.7 mln/1241 NYSE Adv/Vol/Dec 1556/105.8 mln/1242

09:45 am : The major averages are seeing solid gains in the opening minutes of trade, buoyed by the better than expected retail sales data. The Dow is leading this morning’s climb with a 0.9% advance while the S&P 500 and Nasdaq trail with respective gains of 0.4% and 0.2%. Financials are the top performing sector, trading up 1.2%, despite the earnings miss by Citigroup.DJ30 +109.74 NASDAQ +6.02 SP500 +6.09 NASDAQ Vol 107.0 mln NYSE Vol 67.1 mln

09:13 am : [BRIEFING.COM] S&P futures vs fair value: +7.80. Nasdaq futures vs fair value: +15.00. Equity futures are trading at their best levels of the session following the strong retail sales figures, and despite the weak Empire Manufacturing survey. S&P futures are up 9 and Dow Jones futures are higher by 90 as markets are set to open the week on a positive note. The strong open will also come on the heels of disappointing earnings from Citigroup, which announced earnings of $0.95 per share on revenues of $19.41 billion. The Capital IQ Consensus Estimate was calling for earnings of $1.00 per share on revenues of $19.94 billion. Data still to be released today includes business inventories and the NAHB Housing Market Index with both due out at 10 am ET.

08:59 am : [BRIEFING.COM] S&P futures vs fair value: +5.70. Nasdaq futures vs fair value: +13.50. Overseas markets are in the middle of a mixed session as the major Asian bourses finished lower while European indices are seeing solid gains. Asian markets fell following Friday’s weakness on Wall Street, and as the People’s Bank of China announced it was widening its trading band for the yuan to 1.0% above or below the daily fix versus the previous 0.5%. European markets are higher in afternoon trade despite yields surging across Spain. The Spanish 10-yr hit a session high of 6.111% before buyers emerged.

Stocks closed lower across Asia (Nikkei -1.7%, Hang Seng -0.4%, Shanghai -0.1%) as Japan’s Nikkei led the decline. Japanese stocks with heavy exposure to Europe were among the worst performers as TDK Corp. and Nikon Corp. lost 3.6% and 2.3% respectively. Hong Kong’s Hang Seng shed 0.4% with Industrial and Commercial Bank of China falling 0.8% on reports Goldman Sachs is selling its stake in the company at a discount. China’s Shanghai Composite slid 0.1% as real estate stocks outperformed. Developer Poly Real Estate led the group with a 1.2%.

The major European bourses trade near their best levels of the session (FTSE +0.6%, CAC +1.4%, DAX +0.7%) despite heavy selling in financials across the region. Britain’s FTSE is up 0.6% despite heavy selling of the financials. Lloyds Banking Group and Royal Bank of Scotland are the worst performers in the index, trading down 3.8% and 3.7% respectively. France’s CAC is higher by 1.6% despite underperformance from the financials. Credit Agricole, Societe Generale, and BNP Paribas are all down at least 2.7% and are the worst performers in the index. Germany’s DAX is seeing a gain of 0.7% even as financials lag. Commerzbank is seeing the heaviest selling, trading down 2.4%.

08:34 am : [BRIEFING.COM] S&P futures vs fair value: +1.70. Nasdaq futures vs fair value: +8.00. Stock futures continue to trade with small gains following retail sales results for March. Retail sales climbed 0.8%, which is less than the downwardly revised 1.0% increase booked in the prior month. The number exceeds the 0.3% increase that had been generally expected among economists polled by Briefing.com. Excluding autos, retail sales were up 0.8% in March. That bested the Briefing.com consensus call for a 0.6% increase. Prior month numbers were unrevised.

Separately, the Empire Manufacturing Survey fell to 6.6 in April from 20.2 in March. The fall came as a unpleasant surprise since the popular prediction pegged it at 17.5.

07:59 am : [BRIEFING.COM] S&P futures vs fair value: +2.20. Nasdaq futures vs fair value: +4.20. Equity futures are off their best levels of the session, but still higher after erasing overnight losses. S&P futures are +2 and Dow Jones futures are +35 as traders settle into their desks as markets look to open for the week. Citigroup will release its first quarter results before the opening bell with the Capital IQ Consensus Estimate calling for the company to earn $1.00 per share on revenues of $19.94 billion. Today's data is heavy as retail sales, retail sales ex-auto, and Empire Manufacturing will be released at 8:30 am ET, Net Long-Term TIC Flows cross the wires at 9 am ET, and business inventories join the NAHB Housing Market Index with a 10 am ET release.

06:22 am : [BRIEFING.COM] S&P futures vs fair value: +4.60. Nasdaq futures vs fair value: +9.00.

06:22 am : Nikkei...9470.64...-167.40...-1.70%. Hang Seng...20610.64...-90.40...-0.40%.

06:22 am : FTSE...5690.87...-19.60...-0.30%. DAX...6631.93...+48.00...+0.70%.

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
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr