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 Post subject: April 20th Friday 2012 Emini TF ($TF_F) points +13.60
PostPosted: Sat Apr 21, 2012 10:01 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:
042012-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1360.png
042012-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1360.png [ 75.44 KiB | Viewed 323 times ]

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

Price Action Trade Performance for Today: +13.60 points or $1360 dollars in the Russell 2000 Emini TF ($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=1198.

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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042012-Key-Price-Action-Markets.png
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Market Update

4:30 pm : An afternoon descent dashed gains and left stocks to settle at session lows. Still, the S&P 500 was able to cling to a fractional gain after logging losses in the two previous sessions.

The broad market measure also booked its first weekly gain, 0.6%, in three weeks. Market participants were without domestic data today. That left traders to focus on action in Europe and the latest round of earnings reports.

Despite mixed overnight action in Asia that left Japan's Nikkei to end the week down nearly 1% and Hong Kong's Hang Seng to advance by about 1.5%, Europe's major bourses put together strong gains on the back of a surprisingly strong IFO business climate survey from Germany. Strong retail sales numbers were also reported by the United Kingdom. Germany's DAX ended the week more than 1% below where it began, France's CAC actually eked out a fractional gain for the week, but Britain's FTSE fell about 2% for the week.

Strong earnings reports from a broad range of industry players provided a positive backdrop to early trade. Blue chips McDonald's (MCD 95.94, +0.66) and General Electric (GE 19.36, +0.22) both performed well because of a positive response to their latest quarterly announcements. Microsoft (MSFT 32.42, +1.41) put together an impressive performance, but the stock's strength wasn't enough to offset weakness in Apple (AAPL 572.98, -14.46), which boasts a market cap that is about double that of MSFT. Shares of AAPL also carry the greatest weight of any stock in either the S&P 500 or the Nasdaq.

Tech stocks, which settled the day down 0.5%, were joined in negative territory by Financials, which also fell 0.5%. Arguably the two most influential sectors, both lagged for virtually the entire session. Their weakness ultimately dragged down the broader market in afternoon trade.

Still, many defensive-oriented stocks managed to maintain most of their gains. Consumer Staples scored a 0.9% gain, while Utilities advanced 1.0% and Telecom laid claim to a 0.7% gain.

The dollar ran into some rather stiff selling that left it to lose 0.5% against a basket of major foreign currencies. It fell about 0.9% for the week. Most of that downturn was due to renewed strength in the euro, which climbed 0.6% on Friday to about $1.32. That helped fuel a 1.1% weekly gain.

Despite weakness in the dollar, commodities had another negative week that saw the CRB Index fall 0.5% for the week. The CRB has suffered five consecutive weekly losses for a cumulative decline of about 5%.

The expiration of monthly options helped take share volume on the NYSE to almost 1 billion, which is well above average levels of the past several months.

Advancing Sectors: Utilities +1.0%, Consumer Staples +0.9%, Industrials +0.8%, Telecom +0.7%, Health Care +0.5%, Consumer Discretionary +0.2%, Materials +0.1%
Declining Sectors: Energy -0.1%, Financials -0.5%, Tech -0.5%DJ30 +65.16 NASDAQ -7.11 NQ100 -0.4% R2K +0.6% SP400 +0.3% SP500 +1.61 NASDAQ Adv/Vol/Dec 1499/1.90 bln/1010 NYSE Adv/Vol/Dec 1973/965 mln/1040

3:30 pm : The CRB Index booked a 0.6% gain, but that couldn't prevent a 0.5% weekly loss. The CRB has suffered five consecutive weekly losses for a cumulative decline of about 5%.

Crude oil was in positive territory for all of pit trade. A session high of $104.68 per barrel was set in morning activity. The energy component was able to regain some steam in the last half hour of pit trade, which helped it book a 1.0% weekly gain as it closed at $103.83 per barrel. Although news this week did not have a big impact on crude's overall direction, it is worth mentioning that earlier reports indicated Iran came to an agreement to discuss nuclear talks again in May. Also, the House approved the Keystone XL Pipeline project after pit trade had closed Wednesday afternoon.

Natural gas got its first gain since Monday by closing floor trade at $1.92 per MMBtu, but the string of recent losses resulted in a 3.0% weekly loss. A new 10-year low of $1.90 per MMBtu was set only yesterday, despite bullish inventory data.

Gold prices set a session high of $1647.40 per ounce in morning pit trade, but gave up the gain shortly thereafter. The yellow metal attempted to recover from the downturn, but lost momentum in the last half hour of floor trade. That left it to settle at with a fractional gain at $1643.00 per ounce, or 1% below last week's close. Silver spent the majority of floor trade in negative territory and set a session low of $31.54 per ounce. Despite closing today's pit session fractionally lower, it finished the week with a 0.8% gain at $31.68 per ounce.DJ30 +71.71 NASDAQ -4.81 SP500 +2.40

3:00 pm : Stocks had appeared to stabilize from a recent downturn, but sellers are redoubling their efforts. Although the S&P 500 and Dow aren't quite back to their afternoon lows, the Nasdaq is now in negative territory and at its worst level of the day.

Weakness in the Tech-rich Nasdaq comes as Apple (AAPL 573.01, -14.43) tumbles to a loss well in excess of 2%. The stock's market cap is almost double that of Microsoft (MSFT 32.71, +1.70), which has been a source of strength following a better-than-expected quarterly report. DJ30 +73.34 NASDAQ -2.86 SP500 +3.42 NASDAQ Adv/Vol/Dec 1595/1.35 bln/870 NYSE Adv/Vol/Dec 2055/635 mln/905

2:30 pm : Stocks are trying to reclaim their gains after rolling over to set afternoon lows in recent trade. Hardly hurt by the downturn, Consumer Staples, Utilities, and Telecom stocks remain just shy of their session highs as they sport gains of roughly 1%.DJ30 +85.07 NASDAQ +5.36 SP500 +5.45 NASDAQ Adv/Vol/Dec 1535/1.27 bln/915 NYSE Adv/Vol/Dec 2010/605 mln/935

2:00 pm : Stocks have extended their afternoon descent, taking the Nasdaq to within close reach of the neutral line. Tech and Financials, arguably the two most influential sectors, are leading the slide; they are down 0.1% and 0.4%, respectively. No other sector is in negative territory, but Energy is currently stuck at the unchanged mark.DJ30 +70.35 NASDAQ +1.73 SP500 +3.95 NASDAQ Adv/Vol/Dec 1595/1.16 bln/855 NYSE Adv/Vol/Dec 2110/565 mln/845

1:30 pm : A recent slip has gained downward momentum, dragging stocks to afternoon lows. Apple (AAPL 578.13, -9.31), the heaviest stock by market weight in both the S&P 500 and the Nasdaq, has been a source of weakness as it descends to a loss well in excess of 1%.DJ30 +84.39 NASDAQ +7.88 SP500 +6.06 NASDAQ Adv/Vol/Dec 1685/1.06 bln/745 NYSE Adv/Vol/Dec 2200/535 mln/735

1:00 pm : Stocks have rebounded from back-to-back losses for solid gains in the final session of the week. The effort has the S&P 500 on pace for a weekly gain of little more than 1%.

The major equity averages opened trade in positive territory as market participants responed to renewed strength in Europe, where the region's major bourses had been bid higher with help from a surprisingly strong business sentiment reading from Germany. Defensive-oriented stocks have underpinned broad market gains today. Meanwhile, more influential sectors like Tech, Financials, and Energy have generally lagged. Those three sectors are up 0.4%, 0.1%, and 0.3%, respectively.

Another large batch of better-than-expected earnings has also provided a positive backdrop to trade. Microsoft (MSFT 32.78, +1.77) has been a standout for the entire session. The stock's near 6% gain comes on the back of a pleasing quarterly report. Fellow blue chips McDonald's (MCD 97.21, +1.93) and General Electric (GE 19.51, +0.37) are also up nicely on the heels of their latest earnings announcement. GE's management also discussed during its conference call the appeal of share repurchases in putting investor capital to work.

Share volume has been robust with some 500 million shares already exchanged on the NYSE during the first half of the session. However, most of that is the result of monthly options expirations today. DJ30 +108.34 NASDAQ +15.70 SP500 +8.71 NASDAQ Adv/Vol/Dec 1750/975 mln/680 NYSE Adv/Vol/Dec 2230/510 mln/680

12:30 pm : The S&P 500 has paused at the session high that it set earlier today, but the Dow has notched a fractionally improved session high. The Nasdaq has yet to return to the heights that it reached a couple of hours ago.

Trading with a 0.5% loss, the Dollar Index is at its lowest level of the day. Its weakness is largely owed to a bounce by the euro, which is up 0.5% to about $1.32. Meanwhile, the sterling pound is up a solid 0.4% to about $1.61. DJ30 +115.23 NASDAQ +20.14 SP500 +9.51 NASDAQ Adv/Vol/Dec 1760/910 mln/665 NYSE Adv/Vol/Dec 2250/490 mln/655

12:00 pm : Stocks have broken free from their recent trading range so that the S&P 500 can test its session high, which was set about 90 minutes ago.

Although Industrials are up with an impressive gain of 1.2%, defensive-oriented issues are generally attracting some of the strongest buying interest. In turn, Health Care is up 1.0%, Utilities are up 1.1%, Telecom is up 1.1%, and Consumer Staples are up 1.0%. DJ30 +112.24 NASDAQ +21.22 SP500 +9.61 NASDAQ Adv/Vol/Dec 1720/825 mln/670 NYSE Adv/Vol/Dec 2250/460 mln/660

11:30 am : Stocks have entered into a sideways drift, keeping today's strong gains intact. As things currently stand, the stock market is on pace for a weekly gain of about 1%, which would help it recover from back-to-back weekly losses. The stock market last suffered two consecutive weekly declines in November.DJ30 +101.53 NASDAQ +18.65 SP500 +8.19 NASDAQ Adv/Vol/Dec 1745/730 mln/625 NYSE Adv/Vol/Dec 2250/430 mln/610

11:00 am : Stocks are off of their morning highs, but still sporting strong gains. The bounce comes after the broad market booked back-to-back losses on Wednesday and Thursday.

Telecom stocks are outperforming for the second straight session. Collectively they are up 1.0% today with integrated Telecom play Verizon (VZ 38.81, +0.66) providing leadership as it builds on its prior session advance, which was spurred along by a better-than-expected quarterly report. DJ30 +100.28 NASDAQ +19.75 SP500 +8.26 NASDAQ Adv/Vol/Dec 1745/610 mln/595 NYSE Adv/Vol/Dec 2250/390 mln/585

10:30 am : Crude oil prices continue to climb, puting contract prices at $104.55 per barrel, which makes for a 1.8% gain. Natural gas prices were up more than 1% earlier today, but they have since eased back to trade ta $1.92 per MMBtu for a 0.6% gain.

Precious metals remain more mixed as gold trades at $1645 per ounce with a 0.2% gain and silver sits at $31.73 per ounce with a 0.1% loss.

Overall action in the commodity complex has the CRB Index up 0.9%. DJ30 +112.77 NASDAQ +26.40 SP500 +10.18 NASDAQ Adv/Vol/Dec 1655/485 mln/620 NYSE Adv/Vol/Dec 2125/350 mln/640

10:00 am : Energy stocks were out in front of the rest of the market shortly after the open, but the sector has since surrendered some of its gain. Energy stocks are now up 0.4% as a group.

Tech has managed to add to its opening advance, however. The largest sector by market weight is now up 0.7% with help from Microsoft (MSFT 32.51, +1.50), which posted strong quarterly numbers last evening. DJ30 +83.02 NASDAQ +20.84 SP500 +6.02 NASDAQ Adv/Vol/Dec 1660/205 mln/465 NYSE Adv/Vol/Dec 2225/260 mln/430

09:45 am : Stocks are up solidly this morning. The positive open comes amid a broad-based bid that has placed all 10 major sectors in positive territory -- Energy, up 0.8%, is in the best shape. Higher oil prices -- recently quoted with a 1.6% gain at $104.35 per barrel -- have helped bolster buying interest in the sector.DJ30 +62.65 NASDAQ +6.44 SP500 +4.18 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: +6.20. Nasdaq futures vs fair value: +12.30. Stock futures have eased off of morning highs, but they still point to a positive open. Stocks enter Friday with a 0.5% week-to-date gain. Although modest, the positive tone ahead of the open has been helped by renewed buying interest in Europe, where the region's major bourses have been led higher by Germany's DAX following a surprisingly strong business climate reading.

Another batch of better-than-expected earnings from several widely held companies has also bolstered confidence in stocks. There haven't been any domestic economic reports for traders to consider, though.

As an aside, monthly options expire today, so markets could experience increased volume and volatility.

09:05 am : S&P futures vs fair value: +5.70. Nasdaq futures vs fair value: +11.50. Energy-related futures prices are up solidly this morning. Specifically, futures contracts currently price crude oil at $104.38 per barrel for a 1.6% gain, while natural gas trades with a 1.2% gain at $1.93 per MMBtu after it settled the prior session at a new multi-year low.

Precious metals are more mixed with gold prices up 0.1% to $1643.00 per ounce and silver off by 0.1% at $31.75 per ounce.

Collective action in the commodity complex has the CRB Index up 0.6% after a fractional gain in the prior session.

08:35 am : S&P futures vs fair value: +5.90. Nasdaq futures vs fair value: +11.30. Europe's major bourses are up solidly today. Up nearly 1%, Germany's DAX is leading the way following a pleasing IFO business climate reading. Deutsche Bank (DB 45.90, +1.63) is out in front, sporting a gain of almost 4% on the German bourse. Commerzbank is close behind. RWE and Infineon Tech are at the opposite end of the spectrum and wrestling with sizable losses. Britain's FTSE is currently up 0.4%. Lloyds Group (LYG 1.90, +0.04), Man Group Plc, and Schroders Plc are atop the list of best performers by percent gained, while Weir Group, ARM Holdings, and ITV Plc lag with large losses. BP Plc (BP 42.34, -0.16) is also under pressure following reports that the integrated oil and gas outfit owes more than $60 million in payments related to the oil spill in the Gulf two years ago. France's CAC is working to maintain a modest gain, which currently stands at only 0.3%. Note: ticker quotes reflect US premarket prices.

Overnight action in Asia was somewhat mixed. Japan's Nikkei logged a 0.3% loss amid pronounced weakness in Mitsui Engineering, JFE Holdings, Sumitomo Metal, Fujitsu, and Toshiba. Olympus shares rallied, though. Kawasaki Kisen Kaisha, and OKI Electric were also sources of support. Hong Kong's Hang Seng eked out a 0.1% gain. It was propped up by the likes of Industrial & Commercial Bank of China, China Lumena New Materials, and China Resources & Transportation. South Sea Petroleum Holdings, Geyety Holdings, and China Public Healthcare undermined action, though. Mainland China's Shanghai Composite climbed 1.2%. Shares of banks and industrial outfits provided the most leadership amid speculation about looser policy by the country's central bank.

08:05 am : S&P futures vs fair value: +7.20. Nasdaq futures vs fair value: +15.00. Stocks are coming off of back-to-back losses, but the S&P 500 is still up 0.5% week to date. A positive posture to premarket trade suggests that the stock market will add to that weekly gain. Buying interest this morning has been helped by an improved tone of trade in Europe, where a couple of doses of decent economic data have helped lift the region's major bourses and give the euro a gain against the greenback.

Earnings also remain strong. A better-than-expected quarterly report has shares of Microsoft (MSFT 32.12, +1.11) up sharply ahead of the open. Capital One Financial (COF 54.50, +0.57) also posted pleasing numbers. Dow components General Electric (GE 19.28, +0.14) and McDonalds (MCD 96.81, +1.53) are up solidly in premarket trade, thanks to pleasing earnings. Honeywell (HON 59.99, +1.99) also posted a bottom-line beat. Note: ticker quotes reflect premarket prices.

As an aside, there are no economic reports of consequence scheduled for release today, but the expiration of monthly options could induce share volume.

06:20 am : [BRIEFING.COM] S&P futures vs fair value: +6.10. Nasdaq futures vs fair value: +13.50.

06:20 am : Nikkei...9561.36...-27.00...-0.30%. Hang Seng...21010.64...+15.60...+0.10%.

06:20 am : FTSE...5754.43...+9.90...+0.20%. DAX...6715.60...+44.40...+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

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