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 Post subject: April 18th Wednesday 2012 Emini TF ($TF_F) points +11.20
PostPosted: Thu Apr 19, 2012 5:37 am 
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Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)

Attachment:
041812-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1120.png
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +11.20 points or $1120 dollars in the Russell 2000 Emini TF ($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=1196.

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.

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Market Update

4:30 pm : The broad market spent the session bouncing along in negative territory. Its inability to push into positive territory left it to book a modest loss.

Stocks slid at the open of trade as market participants responded to weakness among Europe's major bourses, which were imbued by renewed concerns about Spain's financial health. The S&P 500 tried to trim its loss, but twice it retested the low that it set in the early going. Although support there invited buyers back into the fold, the move lost momentum when both the S&P 500 and the Nasdaq reached their morning rebound highs. That left stocks to drift lower into the close.

Financials staged a mid-morning rebound that fizzled out when the sector came in contact with the flat line. It fell from there and spent the rest of the day dragging along with a sizable loss. It settled the day down 0.8%. BlackRock (BLK 196.01, -5.80) was among the poorer performers in the Financial sector following the firm's latest quarterly report. PNC Financial (PNC 63.78, +0.37) surrendered some of its gain, but still settled in positive territory following the release of its latest earnings results. Both outfits reported upside earnings surprises.

Both Intel (INTC 27.95, -0.52) and IBM (IBM 200.13, -7.32) bested what Wall Street had expected of their earnings results, but neither attracted buyers. Instead, their weakness weighed on the Tech sector, which suffered a 0.8% loss. Better-than-expected bottom line results helped both Seagate Technology (STX 28.96, +1.07) and Yahoo! (YHOO 15.49, +0.48) stage impressive advances, though.

Energy stocks managed to finish the day with only a 0.2% loss, despite lower oil prices. Crude oil futures contracts closed pit trade with the energy component priced at $102.67 per barrel, which makes for a 1.5% loss. Oil prices had actually pared losses in the minutes that immediately followed a bearish weekly inventory report. Oilfield services outfit Halliburton (HAL 34.17, +1.51) was a standout in the space, thanks largely to a positive response to its better-than-expected earnings report.

Earnings from Abbott Labs (ABT 60.46, +0.03) were also in play today. The stock experienced some whipsaw swings in the first half of the day, but ultimately finished a few cents higher.

Select shares of hotels, resorts, and casinos players helped the Consumer Discretionary sector put together a 0.2% gain, while Internet retailer eBay (EBAY 35.87, -0.21) traded lower ahead of its quarterly report. Consumer Discretionary stocks made up the only major sector that was able to settle in positive territory, but their general lack of weight undermined their ability to lift the rest of the market.

Advancing Sectors: Consumer Discretionary +0.2%
Declining Sectors: Consumer Staples -0.1%, Energy -0.2%, Materials -0.3%, Utilities -0.3%, Health Care -0.3%, Industrials -0.4%, Telecom -0.5%, Tech -0.8%, Financials -0.8% DJ30 -82.79 NASDAQ -11.37 NQ100 -0.3% R2K -0.9% SP400 -0.4% SP500 -5.64 NASDAQ Adv/Vol/Dec 746/1.59 bln/1734 NYSE Adv/Vol/Dec 988/721 mln/2002

3:30 pm : Overall weakness in the commodity complex caused the CRB Index to suffer a 1.0% loss, which marks its third decline in just four days.

Crude oil prices sank deeper into the red following inventory data that showed a greater-than-expected build of 3.9 million barrels (the general consensus called for a build of 1.6 million barrels). The energy component set a session low of $102.19 per barrel only minutes before settling floor trade with a 1.5% loss at $102.67 per barrel. Meanwhile, natural gas prices spent the majority of pit trade in positive territory, setting a session high of $1.99 per MMBtu, but the gains proved unsustainable. As such, the energy component declined during afternoon trade to settle the session unchanged at $1.95 per MMBtu.

Precious metals extended losses in choppy trade. More specifically, gold prices settled pit trade with a 0.7% loss at $1640.00 per ounce, or fractionally above its session low of $1639.50 per ounce. Silver traded up slightly in the last half hour of pit trade to settle at $31.49 per ounce, but it still booked a 0.6% loss. Its session low was set at $31.34 per ounce. DJ30 -59.34 NASDAQ -3.45 SP500 -2.84 NASDAQ Adv/Vol/Dec 840/1.24 bln/1630 NYSE Adv/Vol/Dec 1145/460 mln/1805

3:00 pm : Stocks have paused to catch their breath after bounding from afternoon lows to set new afternoon highs. The pause has left the Nasdaq only narrowly beneath the neutral line.

Consumer Discretionary stocks still stand as the only sector in positive territory. They are now up 0.4%, as a group. In contrast, Financials continue to trail; the sector is currently down 0.6%. DJ30 -61.53 NASDAQ -1.85 SP500 -2.82 NASDAQ Adv/Vol/Dec 750/1.15 bln/1710 NYSE Adv/Vol/Dec 1065/425 mln/1880

2:30 pm : The broader market's ability to hold firm at the session low that it had set in the early going has emboldened buyers, who have since bid both the Nasdaq and the S&P 500 up to an afternoon high.

Tech stocks have been slashing losses. The effort has the sector trading 0.5% lower for the day after it was down with a loss of almost 1% only 30 minutes ago. Heavyweight Apple (AAPL 613.42, +3.72) has been a source of leadership for the sector as it rallies out of the red for its first gain since late morning trade.

Energy stocks are also on the move higher. The sector is now at the flat line, or its best level since this morning. The Energy sector's effort to trade higher comes even though crude oil prices are currently poised to settle pit trade with a loss on the order of 1.5%. DJ30 -58.77 NASDAQ -2.78 SP500 -2.68 NASDAQ Adv/Vol/Dec 635/1.08 bln/1825 NYSE Adv/Vol/Dec 920/400 mln/2020

2:00 pm : Stocks have fallen out of their recent trading range. The move has actually taken the Dow down to its worst level of the day, but both the S&P 500 and the Nasdaq are testing the session lows set earlier in the day.

The stock market's recent slip comes amid renewed selling against Financials. The Financial sector has descended to a 0.8% loss, which makes for a session low. Still, Tech stocks remain in the worst shape with their 0.9% loss. DJ30 -87.83 NASDAQ -17.91 SP500 -6.88 NASDAQ Adv/Vol/Dec 615/995 mln/1825 NYSE Adv/Vol/Dec 900/365 mln/2020

1:30 pm : Stocks have entered a sideways chop that has left them mired in the red with modest losses. The drift has made for an unexciting afternoon.

Such little movement among stocks has also restricted movement among Treasuries, which continue to sport modest gains. DJ30 -71.48 NASDAQ -13.69 SP500 -5.06 NASDAQ Adv/Vol/Dec 710/915 mln/1715 NYSE Adv/Vol/Dec 1030/335 mln/1875

1:00 pm : For the entire day the stock market has been stuck in negative territory with a modest loss. Pressure initially stemmed from selling in Europe, but it has persisted amid a lack of leadership.

Confidence in the early going was undermined by renewed concerns about Spain's financial health, which also undercut Europe's major bourses. Financials were a heavy drag during morning trade as market participants reconsidered their exposure to Spain. Financials eventually fought off sellers to climb to the flat line, but they have since fallen back to a 0.6% loss. PNC Financial (PNC 63.95, +0.54) remains a strong performer in the space following its upside earnings surprise, however.

Tech stocks, which collectively make up the largest sector by market weight, are now the weakest performers. The sector is currently off by 0.8%. Both Intel (INTC 27.98, -0.49) and IBM (IBM 201.28, -6.17) are down markedly in the wake of their latest quarterly reports, which actually featured better-than-expected earnings.

Halliburton (HAL 34.10, +1.44) has been helped higher in response to its latest quarterly report, which featured a bottom line beat that has helped shares of the oil services outfit overcome lower oil prices. Following a bearish weekly inventory report oil prices are down 1.6% to $102.55 per barrel.

Weakness in the rest of the commodity complex has taken the CRB Index down to a 0.9% loss after it had been down only modestly this morning. Pressure has intensified despite a pullback by the dollar, which is now up only 0.1% against a basket of major foreign currencies.

Consumer Discretionary stocks make up the only major sector that has managed to maintain any kind of a gain today. The sector surrendered a gain earlier to day, but has since been back in positive territory for about an hour. Its gain currently stands at 0.3%, most of which has come as a result of buying interest in shares of casinos and gaming players and select hotels and resorts stocks. DJ30 -62.85 NASDAQ -12.27 SP500 -4.86 NASDAQ Adv/Vol/Dec 650/855 mln/1760 NYSE Adv/Vol/Dec 945/308 mln/1960

12:30 pm : The stock market's recent attempt to turn higher has run into some resistance, leaving the major equity averages to remain in the red.

The stock market's inability to rally out of the red has helped Treasuries maintain a steady, albeit modest, bid. Nonetheless, the bid has been enough to keep the yield on the benchmark 10-year Note near its monthly low below 2.0%. DJ30 -62.28 NASDAQ -14.01 SP500 -4.97 NASDAQ Adv/Vol/Dec 665/780 mln/1730 NYSE Adv/Vol/Dec 970/285 mln/1900

12:00 pm : Stocks are on the rebound after a recent slide. The move higher has been generally broad based, but without any clear leader.

Consumer Discretionary stocks represent the only major sector that has managed to make its way back into positive territory. Consumer Discretionary stocks are up 0.2%, collectively.

Now down 0.7%, Tech stocks are currently the poorest performers. That distinction belonged to Financials in the early going, but the sector has since trimmed its loss to a more modest 0.4%. DJ30 -42.80 NASDAQ -9.70 SP500 -3.31 NASDAQ Adv/Vol/Dec 630/660 mln/1745 NYSE Adv/Vol/Dec 895/245 mln/1970

11:30 am : Oil prices have turned lower in recent trade. Contract prices for the energy component now stand at $102.55 per barrel, which makes for a session low and a 1.6% loss. The downturn comes after prices had attempted to trim their losses following a bearish weekly inventory report.

The retreat in oil prices comes despite a pullback by the greenback, which is only narrowly above the neutral line after it had been up solidly in the early going.

Stocks have also slipped in recent trade. Overall losses remain modest, but the downturn has put the Nasdaq at its lowest level of the day. DJ30 -64.48 NASDAQ -13.86 SP500 -5.63 NASDAQ Adv/Vol/Dec 670/570 mln/1690 NYSE Adv/Vol/Dec 945/215 mln/1890

11:00 am : The Nasdaq Composite recently poked into positive territory, but it has been unable to build on the move. The lack of follow-through has left it mired near the neutral line.

Among the Nasdaq's most influential constituents, shares of Apple (AAPL 614.91, +5.21) are trying to extend their prior session rally by climbing close to 1% today. The back-to-back gains come after the stock slid for five straight sessions to set a monthly low on Monday. However, shares of Intel (INTC 27.98, -0.49) are down markedly in response to the company's latest quarterly report, which actually featured an upside earnings surprise. An in-line outlook has left many market participants looking for more, though. DJ30 -31.33 NASDAQ -0.79 SP500 -1.80 NASDAQ Adv/Vol/Dec 720/440 mln/1590 NYSE Adv/Vol/Dec 980/170 mln/1820

10:35 am : Oil prices were trading around $103.60 per barrel in the few minutes that had preceded the latest weekly inventory report, which showed a build of nearly 3.9 million barrels when a build of 1.6 million barrels had been broadly expected. Prices have actually moved higher to trim losses so that they're now at $104 per barrel, which makes for a 0.2% loss.

Natural gas prices have been firmly higher all morning. The energy component was last quoted with a 1.3% gain at $1.98 per MMBtu.

Precious metals prices are above their morning lows, but they remain mired in negative territory. Gold prices are currently down 0.4% for the day at $1645 per ounce, while silver sits on a 0.5% loss at $31.52 per ounce.

Overall action in the commodity complex has left the CRB Index to trade with a 0.4% loss. DJ30 -51.35 NASDAQ -6.11 SP500 -4.38 NASDAQ Adv/Vol/Dec 685/315 mln/1565 NYSE Adv/Vol/Dec 885/125 mln/1870

10:00 am : The major stock averages remain stuck in negative territory with modest losses. There isn't a single sector that has managed to muster a gain, although both the Consumer Discretionary Sector and the Health Care sector have managed to hold their ground at the flat line.

Among Consumer Discretionary plays, shares of Wynn Resorts (WYNN 30.09, +5.32) have spiked sharply to trade above their 200-day moving average to trade as the sector's top performer. Meanwhile, Stryker (SYK 56.61, +1.72), which posted last evening an in-line earnings report for the latest quarter, is a leader among Health Care stocks. DJ30 -53.47 NASDAQ -4.27 SP500 -3.87 NASDAQ Adv/Vol/Dec 630/145 mln/1535 NYSE Adv/Vol/Dec 795/73 mln/1905

09:45 am : The major equity averages are down with modest losses this morning. Financial stocks have been the heaviest drag.

Weakness among bank stocks and shares of various financial services players have weighed on the Financial sector, which is currently down 0.7%. No other sector is in such poor shape. There are some pockets of strength in the Financial complex, though. For example, shares of PNC Financial (PNC 64.20, +0.79) are up more than 1% on the back of a better-than-expected earnings report. DJ30 -61.75 NASDAQ -5.10 SP500 -4.80 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: -5.40. Nasdaq futures vs fair value: -8.30. Stock futures are down modestly this morning, imbued by weakness in Europe, where concerns about Spain's financial health has undercut many of the region's major bourses and the euro.

The euro's downturn this morning has bolstered buying interest in the dollar, which has put added weight on many commodity prices so that the CRB Index has had to contend with a modest loss.

Earnings reports, although generally better than expected, have failed to stimulate broad demaind for many stocks ahead of the open. Dow components and Tech bellwethers IBM (IBM 202.63, -4.94) and Intel (INTC 27.71, -0.76) are among the more notable names that exceeded Wall Street's earnings expectations, but have been punished ahead of the open. Note: ticker quotes reflect premarket prices.

09:05 am : S&P futures vs fair value: -6.40. Nasdaq futures vs fair value: -9.30. General weakness in the commodity complex has the CRB Index down 0.3%. Week to date it is down 0.6%.

Following a slip below levels seen in electronic trade, oil prices are down 0.5% to $103.65 per barrel in the opening minutes of pit trade. Weekly inventory numbers at 10:30 AM ET could introduce additional volatility. Natural gas prices are currently up 0.9% to $1.97 per MMBtu.

As for precious metals, prices of both gold and silver are under pressure. Specifically, gold prices are down 0.7% to $1640 per ounce, while silver is off by 0.8% at $31.43 per ounce.

08:35 am : S&P futures vs fair value: -7.50. Nasdaq futures vs fair value: -12.80. Europe's major bourses are back in the red after they staged strong gains in the prior session. Spain remains in focus as its IBEX slides to a 3.4% loss amid weakness in its banking issues. Banco Santander (STD 6.33, -0.22) shares are down sharply there and in U.S. premarket trade. Germany's DAX is currently down 1.0% amid pronounced weakness in Commerzbank, Siemens AG (SI 93.04, -2.44), and Deutsche Telekom. Thyssenkrupp AG has managed to stage an enviable gain in the face of widespread weakness. France's CAC is currently off by 1.7%. Credit Agricole and Societe Generale are leading losses there. Meanwhile, Britain's FTSE has fallen to a modest loss of only 0.2%. Resolution, BAE Systems, and Man Group Plc are in rough shape, as are shares of many financial outfits, but Fresnillo Plc and Weir Group Plc have managed to muster gains of about 3% or more.

Overnight action in Asia was broadly positive. Japan's Nikkei scored a 2.1% gain as broad-based buying took more than 90% of its constituents into higher ground. Citizen Holdings was the top performer, but Okuma Corp, Sumitomo Electric, and Isuzu Motors were all close behind -- each scored a gain in excess of 5%. Kansai Electric Power, Yahoo! Japan, and Sharp Corp were among the few that failed to attract buyers. Hong Kong's Hang Seng advanced 1.1% with help from Bank of China, Agricultural Bank of China, and Industrial & Commercial Bank of China. China Construction Bank lagged and even posted a narrow loss. Shares of Energy giant CNOOC (CEO 203.32, +0.00) staged an aggressive advance that took the stock more than 3% higher. Moscotte Holdings and Zhongsheng Group Holdings both suffered from some relatively concerted selling pressure. Mainland China's Shanghai Composite climbed to a 2.0% gain with limited weakness. Agricultural Bank of China was a leader there. China CNR, China State Construction Engineering, and CSR were also among the top performers, while CITIC Securities and Founder Securities both surged.

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

08:05 am : S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -9.80. Stock futures are under modest pressure this morning. The tone comes as Europe's major bourses move lower, despite a positive overnight session in Asia. Weakness in Europe has also implicated the euro, which was last quoted with a 0.4% loss at about $1.31, but yields on the debt of countries in both the eurozone core and periphery have moved in mixed fashion.

Earnings reports have been met with varied responses. Tech giants and Dow components IBM (IBM 202.50, -4.95) and Intel (INTC 27.63, -0.84) both bested bottom line expectations for the latest quarter, but their shares are down ahead of the open. Yahoo! (YHOO 15.58, +0.57) did the same, but its shares have attracted a bid. Financial outfits BlackRock (BLK 201.81, +0.00) and PNC Financial (PNC 63.41, +0.00) both posted better-than-expected bottom line results, but Bank of New York (BK 22.70, -1.10) posted a less impressive report. Abbott Labs (ABT 61.20, +0.77) and Halliburton (HAL 33.26, +0.60) also announced earnings that exceeded what Wall Street had generally expected. Note: ticker quotes reflect premarket prices.

There aren't any economic items of consequence scheduled for today, but the calendar does feature the latest weekly oil inventory report at 10:30 AM ET.

06:20 am : [BRIEFING.COM] S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -7.30.

06:20 am : Nikkei...9667.26...+202.60...+2.10%. Hang Seng...20780.73...+218.40...+1.10%.

06:20 am : FTSE...5760.52...-6.40...-0.10%. DAX...6767.94...-33.10...-0.50%.

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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