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 Post subject: April 24th Tuesday 2012 Emini TF ($TF_F) points +7.60
PostPosted: Tue Apr 24, 2012 11:24 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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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +7.60 points or $760 dollars in the Russell 2000 Emini TF ($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=1200.

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: Blue Chips Take Cue From Earnings

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

NEW YORK (CNNMoney) -- U.S. stocks finished mixed Tuesday, with the Dow holding onto solid gains, while Netflix's disappointing outlook weighed down tech stocks.

"Stocks are moving higher today on the back of decent earnings reports, but overall, I think investors are wondering whether the economic and market momentum that boosted stocks from last October through March is starting to fade," said Michael Sheldon, chief market strategist at RDM Financial Group.

Two reports released early Tuesday showed the housing recovery is still on shaky ground. S&P/Case-Shiller reported another decline for home prices in February, and the U.S. Census reported that new-home sales dropped 7.1% in March.

The Dow Jones industrial average (INDU) rose 74 points, or 0.6%, boosted by better-than-expected earnings from AT&T (T, Fortune 500) and 3M (MMM, Fortune 500).

The S&P 500 (SPX) added 5 points, or 0.4%. Hershey (HSY, Fortune 500), which surged to a 7-year high, and Baker Hughes (BHI, Fortune 500) were among the top gainers. Both companies also topped first-quarter earnings estimates.

The Nasdaq (COMP) slid 9 points, or 0.3%, dragged lower by declines in big technology players including Netflix (NFLX) and Apple (AAPL, Fortune 500).

Shares of Netflix tumbled almost 14% Tuesday, a day after the company posted a first-quarter loss and issued a weak outlook.

Apple, the world's most valuable company, reported earnings after the market closed. Shares of the iPhone and iPad maker have been struggling lately, and finished Tuesday 13% lower since hitting an all-time high earlier this month.

The stock spiked in after-hours trading after Apple's fiscal second-quarter earnings results blew past Wall Street's expectations. The company posted $39.2 billion in sales, nearly 60% increase from last year, while earnings nearly doubled to $11.6 billion.

During the last two years, stocks have performed strongly during the first quarter, only to deteriorate into the summer before recovering again, noted Sheldon.

While he remains positive on the market's outlook this year, he said Europe continues to be an issue.

"Europe remains a mess," said Sheldon. "The question we're asking is, 'Does it get worse from here before it get better?'"

* China's hottest companies

The week began with a downward push on stocks, driven by European political uncertainty and signs of a slowdown in the Chinese economy. All three major U.S. indexes ended lower Monday.

* Video - Blood in the water at Netflix

World markets: Some of the political worries in Europe cooled Tuesday, a day after the Dutch prime minister resigned due to the collapse of his governing coalition. Despite his resignation, an auction of nearly €2 billion in bonds by the Netherlands went well Tuesday, sending yields of the nation's benchmark bonds slightly lower.

Spain, whose finances have also been a growing concern in recent weeks, also had a successful bond auction of nearly €2 billion. Its yields fell as well.

European stocks closed higher. Britain's FTSE 100 (UKX) ticked up 0.8%, the DAX (DAX) in Germany added 1%, while France's CAC 40 (CAC40) climbed 2.3%.

Asian markets ended mixed. The Shanghai Composite (SHCOMP) and Hong Kong's Hang Seng (HSI) ended slightly above breakeven, while Japan's Nikkei (N225) slid 0.8%.

Economy: Home prices hit yet another post-bubble low, according to the February reading of the S&P/Case-Shiller Home Price Index. Prices were down 3.5% from a year earlier, at their lowest level since November 2002. The data came in slightly worse than the 3.4% annual decline expected by economists surveyed by Briefing.com.

* Will China's real estate bubble burst?

The U.S. Census reported that new-home sales dropped 7.1% in March to an annual rate of 328,000. Economists were expecting sales to come in at an annual place of 318,000.

The March Consumer Confidence Index, which speaks to the public's degree of optimism, fell to 69.2 in April, from 70.2 the previous month. Economists were expecting a reading of 69.5.

Companies: One of the busiest weeks for corporate results continued, with several heavyweights reporting first-quarter numbers.

In addition to AT&T and 3M, Dow component United Technologies (UTX, Fortune 500) also posted a better-than-forecast rise in earnings.

Texas Instruments' (TXN, Fortune 500) quarterly earnings dropped sharply, marking the fourth consecutive quarter of falling profits, sending shares lower. Despite the recent performance, the company issued an upbeat outlook for growth.

* Slowdown in China? Not for luxury brands

About a third of the companies in the S&P 500 have reported results, and more than 75% have exceeded analyst expectations, according to Thomson Reuters. In a typical quarter, a little over 60% of companies beat estimates.

Meanwhile, shares of Big Lots (BIG, Fortune 500) plunged more than 24% after the company revised its first-quarter outlook for U.S. same-store sales, a key measure for retailers, lower from its March forecast. Last month, the discount retailer estimated same-store sales would rise between 2% and 4% during the first quarter. Now, Big Lots said it expects sales to be "slightly negative."

IBM (IBM, Fortune 500) boosted its quarterly dividend 13% to 85 cents per share, marking the 17th straight year of increases. The company's board also approved a $7 billion share buyback program.

Following Tuesday's closing bell, Chinese Internet giant Baidu (BIDU) reported solid first-quarter financil results, but the company's second-quarter sales outlook was below expectations, sending shares lower.

Currencies and commodities: The dollar lost ground against the euro and the British pound, but rose versus the Japanese yen.

Oil for June delivery rose 44 cents to settle at $103.55 a barrel.

Gold futures for June rebounded, gaining $11.20 to settle at $1,643.80 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury were lower, pushing the yield up slightly to 1.96% from 1.93% late Monday.

Image

Market Update

4:30 pm : The Dow and S&P 500 booked solid gains today, but the Nasdaq faltered amid weakness in Tech stocks and heavyweight Apple.

The tone of trade ahead of the open was generally positive, thanks to renewed buying interest in Europe. However, when Europe's bourses began to give back their gains, sentiment softened at home. Confidence was further undermined by news that there was a drop in the number of Apple (AAPL 560.28, -11.42) products connected to the AT&T (T 31.72, +1.11) network. That news put pressure on shares of AAPL ahead of its quarterly report, but shares of T were able to score strong gains on the back of their better-than-expected earnings results.

Shares of AAPL hampered the Nasdaq since the open. Weakness in the Tech-rich Index was exacerbated by Symantec (SYMC 16.01, -2.06), which issued a disappointing forecast. Netflix (NFLX 87.68, -14.16) was also a source of weakness amid disappontment over its latest quarterly report and outlook.

A positive response to the latest dose of data helped the broad market bounce in mid-morning trade. Participants were generally pleased to learn that new home sales for March hit an annualized pace of 328,000, which is greater than the clip of 318,000 that had been broadly anticipated. Moreover, prior month numbers were revised upward to reflect an annualized pace of 353,000.

The Consumer Confidence Index eased back in April to 69.2 from 70.2 in the prior month. A reading of 69.5 had been generally expected.

Stocks encountered some selling in afternoon trade, but Financials and Energy helped prop up the broad market. They booked gains of 1.1% and 0.7%, respectively. Strength among blue chips helped the Dow maintain a lead over its counterparts for the better part of the day. In addition to AT&T, 3M (MMM 88.49, +1.36) and United Technologies (UTX 79.85, +0.10) reported upside earnings surprises of their own. Coach (COH 71.87, -3.25) and Texas Instruments (TXN 31.36, -0.53) also reported earnings that exceeded what had been widely anticipated, but neither settled in positive territory.

Advancing Sectors: Telecom +2.8%, Industrials +1.2%, Financials +1.1%, Utilities +0.8%, Energy +0.7%, Health Care +0.4%
Unchanged: Consumer Staples, Materials
Declining Sectors: Tech -0.6%, Consumer Discretionary -0.3%DJ30 +74.39 NASDAQ -8.85 NQ100 -0.6% R2K +0.8% SP400 +0.3% SP500 +5.03 NASDAQ Adv/Vol/Dec 1639/1.68 bln/893 NYSE Adv/Vol/Dec 2037/752 mln/985

3:30 pm : Crude oil began pit trade in positive territory and popped to a session high of $104.10 per barrel just before the equity markets opened. The move was short-lived and the energy component trended downward before a slight recovery in the last half hour of the day. It closed its floor session with a modest 0.4% gain at $103.51 per barrel. It is worth mentioning that reports said Iraq halted crude oil exports via Turkey for a third day.

Natural gas rallied to a session high of $2.03 per MMBtu as pit trade opened, but it quickly lost steam and fell into negative territory. Natural gas extended its slide and finished its session at $1.97 per MMBtu for a 2.0% loss.

Thanks partly to a weaker dollar, precious metals spent their floor sessions in positive territory. However, after reaching their respective session highs of $1650.10 per ounce and $31.11 per ounce around 10:00am ET, both gold and silver sputtered and slowly gave up some of their gains. Even so, both metals finished pit trade 0.7% higher with gold at $1632.40 per ounce and silver at $30.56 per ounce.DJ30 +81.96 NASDAQ -8.67 SP500 +5.44 NASDAQ Adv/Vol/Dec 1490/1.28 bln/1025 NYSE Adv/Vol/Dec 1885/470 mln/1100

3:00 pm : The S&P 500 recently came within close reach of the flat line, but it managed to attract buying interest from market participants. Although it is still shy of its session high, it has made an effort to reclaim gains.

With only an hour remaining in today's trade, market participants are preparing for the next round of earnings reports, which features Apple (AAPL 563.06, -8.64) after the close. Boeing (BA 73.28, +0.42) and Caterpillar (CAT 108.35, +1.45) both report tomorrow morning, alongside GlaxoSmithKline (GSK 47.25, +0.06), Sprint Nextel (S 2.41, +0.08), and WellPoint (WLP 70.77, +0.18). DJ30 +74.92 NASDAQ -11.31 SP500 +4.29 NASDAQ Adv/Vol/Dec 1440/1.14 bln/1060 NYSE Adv/Vol/Dec 1835/420 mln/1120

2:30 pm : Stocks continue to drift lower in afternoon trade. Tech -- the largest sector by market weight -- is leading the downturn; Tech stocks are collectively off by 1.0%. Consumer Discretionary stocks have also fallen to a sizable loss; they're down 0.7% as a group.

Rumors about a possible case of Mad Cow disease have been making the rounds in recent trade. Speculation has picked up with news that the USDA will hold a press conference this afternoon. Livestock Total Return ETF (COW 26.87, -0.61) has fallen to a session low in response. DJ30 +65.31 NASDAQ -15.75 SP500 +2.87 NASDAQ Adv/Vol/Dec 1460/1.07 bln/1020 NYSE Adv/Vol/Dec 1865/390 mln/1090

2:00 pm : A recent flurry of selling has undercut the major equity averages, leaving the Dow and S&P 500 to trade at afternoon lows, while the Nasdaq descends to its worst level of the day.

Weakness in the Nasdaq comes in close correlation to sharp losses in shares of Apple (AAPL 555.15, -16.55), the most heavily weighted constituent in the Nasdaq. Shares of AAPL are now down nearly 3% to trade at their worst level in more than one month, due largely to a slowdown in the pace at which its products are being put to work on networks run by the likes of AT&T (T 31.80, +1.19). DJ30 +67.17 NASDAQ -16.98 SP500 +2.34 NASDAQ Adv/Vol/Dec 1575/955 mln/885 NYSE Adv/Vol/Dec 2020/355 mln/920

1:30 pm : Stocks have started to move up from afternoon lows, enabling the Dow and S&P 500 to reclaim part of their gains. The Nasdaq remains mired in negative territory with a modest loss, however.

Results from an auction of 2-year Notes were released about 30 minutes ago, but they haven't done much to drive action in either the equity market or the Treasury market. The offering produced a bid-to-cover ratio of 3.76, dollar demand of $131.6 billion, and an indirect bidder rate of 32.1%. For comparison, the prior auction produced a bid-to-cover of 3.69, dollar demand of $129.2 billion, and an indirect bidder participation rate of 34.1%. An average of the past six auctions gives a bid-to-cover of 3.69, dollar demand of $129.2 billion, and an indirect bidder rate of 34.3%. DJ30 +89.15 NASDAQ -8.33 SP500 +5.25 NASDAQ Adv/Vol/Dec 1555/490 mln/905 NYSE Adv/Vol/Dec 1990/335 mln/940

1:00 pm : The major equity averages have been mixed almost all session, but have turned lower in recent trade.

The broad market was up only narrowly in the early going, but was helped higher by some solid new home sales numbers that featured a strong upward revision to prior month figures. The latest consumer confidence reading was less impressive.

Financials and Energy, up 0.9% and 0.8%, respectively, have been key drivers in the broad market's efforts to trade higher, but Telecom is actually the top performing sector. Telecom stocks are collectively up almost 3%.

The Telecom sector's strength stems from a big move by integrated player AT&T (T 31.79, +1.18), which is up sharply on the back of better-than-expected earnings results. However, comments made by management regarding the pace of connections of the company's products to those of Apple (AAPL 557.41, -14.29) have caused shares of AAPL to falter. Weakness in AAPL shares and disappointment over the latest reports from Netflix (NFLX 88.15, -13.69) and Symantec (SYMC 16.18, -1.89) have caused the Nasdaq to lag almost all session.

Meanwhile, positive responses to reports from blue chips 3M (MMM 88.85, +1.72) and United Technologies (UTX 80.11, +0.36) have helped the Dow rise above the other major equity averages. DJ30 +75.76 NASDAQ -10.51 SP500 +3.76 NASDAQ Adv/Vol/Dec 1590/815 mln/845 NYSE Adv/Vol/Dec 2045/305 mln/875

12:30 pm : The broad market has entered into a sideways drift that has left it holding on to a solid gain of about 0.5%. Its largest sector, Tech, continues to slog along with a modest loss, but Financials and Energy, up 1.1% and 0.9%, respectively, have been sources of strength.

An improved mood among market participants has prompted many to rotate out of the dollar, which had benefited from demand for safety during the prior day of trade. The dollar is currently down 0.3% against a collection of competing currencies, but it is essentially flat for the week. DJ30 +99.26 NASDAQ -2.01 SP500 +6.60 NASDAQ Adv/Vol/Dec 1645/720 mln/780 NYSE Adv/Vol/Dec 2120/275 mln/775

12:00 pm : Tech stocks continue to trail the rest of the market. Down 0.4%, Tech is the only major sector in negative territory. That sort of weakness has weighed heavily on the Tech-rich Nasdaq, which has lagged its counterparts since the open.DJ30 +105.16 NASDAQ -0.68 SP500 +7.01 NASDAQ Adv/Vol/Dec 1650/655 mln/760 NYSE Adv/Vol/Dec 2085/250 mln/780

11:30 am : The Dow and S&P 500 are both at their best levels of the day, but the Nasdaq has yet to mirror the move.

Among the major sectors, Telecom is in the strongest shape. The sector's 3.0% gain comes with help from AT&T (T 31.88, +1.27), which is up more than 4% to trade near its one-month high after the integrated telecom outfit posted some pleasing numbers for its latest quarter.

Telecom stocks also displayed occasional strength last week. In fact, from last week through today, the Telecom sector is up nearly 4%, while the S&P 500 is up only fractionally in that same time. DJ30 +114.24 NASDAQ +2.51 SP500 +7.91 NASDAQ Adv/Vol/Dec 1615/550 mln/735 NYSE Adv/Vol/Dec 2090/210 mln/755

11:00 am : The Dow has extended its climb so that it now sits at a session high with a gain greater than 100 points. However, the Nasdaq Composite has drifted down to the neutral line. The divergence comes after a handful of blue chips outperform on the heels of some better-than-expected earnings reports, but names like Netflix (NFLX 88.42, -13.42) and Symantec (SYMC 16.36, -1.71) descend for sharp losses after making disappointing announcements related to earnings and guidance.DJ30 +112.24 NASDAQ -0.44 SP500 +7.27 NASDAQ Adv/Vol/Dec 1430/415 mln/860 NYSE Adv/Vol/Dec 1915/165 mln/875

10:30 am : Strength in the commodity complex has the CRB Index up 0.7%.

Oil has been a source of strength; the energy component was last quoted with a 0.7% gain at $103.80 per barrel. Earlier this morning oil prices pushed past $104 per barrel, but stayed there for only a few minutes.

Gold prices are also up nicely. The yellow metal was last priced at $1646 per ounce, which makes for a 0.8% gain. Gold prices were around $1650 per ounce at session highs roughly 30 minutes ago. DJ30 +106.22 NASDAQ +3.14 SP500 +6.95 NASDAQ Adv/Vol/Dec 1465/290 mln/775 NYSE Adv/Vol/Dec 1940/120 mln/755

10:05 am : Stocks have pushed higher in recent trade. The move comes immediately after the release of the latest dose of data.

New home sales hit an annualized pace of 328,000 in March. That bested the clip of 318,000 that had been broadly anticipated. What's more, prior month numbers were revised upward to reflect an annualized pace of 353,000.

The Consumer Confidence Index for April was also just released. It eased back to 69.2 from 70.2 in the prior month. The consensus call among economists polled by Briefing.com was for a reading of 69.5 for April. DJ30 +86.95 NASDAQ +1.94 SP500 +5.82 NASDAQ Adv/Vol/Dec 1065/130 mln/1060 NYSE Adv/Vol/Dec 1445/70 mln/1170

09:45 am : Leading its counterparts, the Dow is up solidly in the early going. Its strength comes as blue chips like 3M (MMM 88.90, +1.77) and AT&T (T 31.63, +1.02) jump sharply on the back of better-than-expected earnings results. Fellow Dow component United Technologies (UTX 79.74, -0.01) is stuck near the neutral line, despite an upside earnings surprise of its own.

On the way are the latest monthly numbers on new home sales and the latest reading on consumer confidence -- both are due at 10:00 AM ET. DJ30 +54.64 NASDAQ -5.47 SP500 +2.07 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: +0.40. Nasdaq futures vs fair value: -3.50. An improved tone of trade in Europe had helped bring about a modest bid for stock futures this morning, but support has waned as Europe's bourses give back part of their gains. Symantec (SYMC 16.52, -1.52) and Netflix (NFLX 85.90, -15.94) have also undermined strength, especially in the Nasdaq, following their quarterly announcements. Even Apple (AAPL 559.00, -12.70) has traded lower in conjunction with comments from AT&T (T 31.10, +0.49), which actually posted an upside earnings surprise alongside 3M (MMM 89.70, +2.57), Texas Instruments (TXN 33.00, +1.11), and United Technologies (UTX 80.90, +1.15). Note: ticker quotes reflect premarket prices. On the way are the latest monthly new home sales numbers and the latest survey on consumer sentiment -- both are due at 10:00 AM ET.

09:05 am : S&P futures vs fair value: -0.30. Nasdaq futures vs fair value: -5.50. Buying interest among commodities has picked up since the prior session, resulting on a 0.4% gain for the CRB Index. Among its more closely tracked members, crude oil futures prices are up 0.5% to $103.60 per barrel in early pit trade, while natural gas prices inch up 0.2% to $2.01 per MMBtu. Precious metals prices are up with even stronger gains. Specifically, gold prices are up 0.8% to $1646 per ounce, while silver sports a 1.5% gain at $31 per ounce.

08:35 am : S&P futures vs fair value: +0.30. Nasdaq futures vs fair value: -1.80. Domestic stock futures have traded lower in recent action. Their pullback comes as Europe's bourses pare their gains after attempting to rebound from the significant losses booked in the prior session. Germany's DAX is now up only fractionally with help from Deutsche Lufthansa, which has benefited from an analyst upgrade. Infineon Tech and Volkswagen have also contributed positively. Commerzbank and Deutsche Bank (DB 42.63, -1.06) remain in weak shape. Thyssenkrupp is also under pressure. France's CAC is currently up 0.8%. Strength is pronounced among shares of STMicroelectronics, Societe Generale, and Credit Agricole. The April poll of consumer confidence for France printed a reading of 88, up from 87 in the prior month. Action in Britain has the FTSE up 0.3%. Man Group Plc is a primary leader there. BP Plc (BP 42.33, +0.38) has also been a positive force, but both Royal Bank of Scotland (RBS 7.26, -0.22) and ARM Holdings have weighed on trade.

In Asia, Japan's Nikkei slid to a 0.8% loss. Financial outfits like Aozora Bank, Shinsei Bank, Sony Financial, and Nomura Holdings (NMR 4.15, +0.00) weighed heavily on trade. In contrast, Advantest (ATE 13.78, +0.00) and All Nippon Airways ascended to enviable gains in excess of 4%. Hong Kong's Hang Seng mustered a 0.3% gain. Allied Properties was a source of strength; it pushed sharply higher on the strongest volume of any stock. China Public Health Care also provided support, but Industrial & Commercial Bank of China, South Sea Petroleum, and Neway Group were sources of weakness. Mainland China's Shanghai Composite closed at the flat line. Bank of Beijing was a strong performer, as were China Everbright Bank, Industrial Bank, and China Minsheng Banking. Citic Securities was also a source of strength. However, Founder Securities, Soochow Securities, and Haitong Securities were weak. Inner Mongolia Baotou Steel and Xiamen ITG Group were also poor performers.

Note: ticker quotes reflect US premarket prices.

08:05 am : S&P futures vs fair value: +4.20. Nasdaq futures vs fair value: +8.50. After broad losses were booked in the prior session stock futures have a modest lead over fair value this morning. The bid comes amid renewed strength in Europe, where the region's major bourses are up solidly after suffering sharp losses in the prior session. The euro has also firmed up so that it trades with a narrow lead over the greenback at $1.32.

The latest round of earnings reports has been strong relative to expectations. Texas Instruments (TXN 33.02, +1.13), AT&T (T 31.25, +0.64), 3M (MMM 89.61, +2.48), and United Technologies (UTX 81.00, +1.25) all exceeded what Wall Street had expected. Coach (COH 72.50, -2.62) complemented its upside earnings surprise with news of a dividend hike, but Novartis AG (NVS 55.09, -0.53) came short of the consensus. Note: ticker quotes reflect premarket prices.

The economic calendar for today features monthly new home sales numbers and the latest reading on consumer confidence at 10:00 AM ET. The latest FOMC meeting also begins today, but no statement will be released until tomorrow.

06:17 am : [BRIEFING.COM] S&P futures vs fair value: +3.20. Nasdaq futures vs fair value: +11.30.

06:17 am : Nikkei...9468.04...-74.10...-0.80%. Hang Seng...20677.16...+52.80...+0.30%.

06:17 am : FTSE...5692.11...+26.50...+0.50%. DAX...6576.53...+53.50...+0.80%.

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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