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 Post subject: May 14th Monday 2012 Emini TF ($TF_F) points +14.20
PostPosted: Mon May 14, 2012 11:36 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: +14.20 points or $1420 dollars in the Russell 2000 Emini TF ($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=104&t=1221.

To join our free chat room...log-in 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=152&t=1459

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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 Close Down 1% On Bank, Europe Worries

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

NEW YORK (CNNMoney) -- All three U.S. stock indexes closed down roughly 1% Monday. Investors sold out of stocks on worries over the political and economic stability of the eurozone and the safety of the U.S. banking sector.

Over the weekend, Greece's political crisis appeared to worsen as parties fought to form a government. The lack of resolution heightened fears that Greece could be forced to leave the eurozone.

"Everyone is trying to figure out how much of the possibility of Greece leaving the eurozone is being factored into the market," said Frank Davis, head of trading at LEK Securities.

The Dow Jones industrial average (INDU) closed down 125 points, or 1%. The S&P 500 (SPX) lost 15 points, or 1.1%. The Nasdaq (COMP) fell 31 points or 1.1%.

Meanwhile, JPMorgan's announcement last week of a $2 billion trading loss continues to drag down bank stocks.

* Bears are roaring back

Shares of JPMorgan (JPM, Fortune 500), which were down 9% Friday, lost another 3% Monday, after the bank announced the retirement of chief investment officer Ina Drew, who oversaw the unit responsible for the trading blunder. Fitch Ratings downgraded JPMorgan's debt after Friday's closing bell, voicing concern over a "lack of liquidity."

Stocks of rival Wall Street firms Citigroup (C, Fortune 500), Wells Fargo (WFC, Fortune 500) and Goldman Sachs (GS, Fortune 500) all slid roughly 2% Monday, following 4% losses Friday. Morgan Stanley (MS, Fortune 500) dropped by more than 4%.

* Video - Warren: Dimon should step down from NY Fed

"If [JPMorgan CEO Jamie] Dimon is making these mistakes and known as one of the best managers out there, it really makes people wonder again who is controlling the risk situation at the banks," said Douglas DePietro, head of trading at Evercore.

As Greece's problems heat up, investors made a dash out of European debt securities Monday, with the yield on 10-year Greek bonds shooting up to 27.3%.

The yield on the Spanish 10-year bond climbed to 6.33%. Any rate above the 6% benchmark heightens bailout risk. Italian bond yields also rose, hitting 5.75%.

Meanwhile, the German bund slipped to a record low of 1.45%, further raising the spread between Germany and the weaker nations' yields.

Investors will keep tabs on Germany after German Prime Minister Angela Merkel's party lost elections in the nation's largest state on Sunday. Merkel is due to face national elections next year.

U.S. stocks finished lower Friday and were down for the second straight week.

World markets: Major European stocks closed sharply lower. Britain's FTSE 100 (UKX) lost 2%, while the DAX (DAX) in Germany tumbled 1.9%, and France's CAC 40 (CAC40) plunged 2.3%.

The Shanghai Composite (SHCOMP) lost 0.6% in trading Monday, while Hang Seng (HSI) in Hong Kong ended down 1.2%. But the Nikkei (N225) in Tokyo finished up 0.2% for the day.

The People's Bank of China took action Saturday to stimulate slowing growth, as it cut the amount of reserves banks are required to hold. The move came a day after economic readings showed inflation, industrial production growth, spending and lending in the world's second-largest economy all slowing.

* Video - Yahoo's Levinsohn: Lucky CEO number 7?

Companies: Yahoo (YHOO, Fortune 500) CEO Scott Thompson left the company Sunday, after it was found he padded his resume with an embellished college degree, ending his term there after just four months.

The web-portal company also reached a deal with activist shareholder and Third Point CEO Dan Loeb, who had initially disclosed the problems with Thompson's resume, by agreeing to nominate three of four directors he had put forth for its board.

Beauty company Avon Products (AVP, Fortune 500) said that it would consider the most recent buyout offer from Coty Inc., which upped its offer last week. Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) is helping to finance the bid and said it would back the purchase.

Shares of online deal site Groupon (GRPN) rose nearly 11% in after-hours trading, following its release of first-quarter results, which showed narrowing losses and better-than-expected sales. In recent months, Groupon has seen accounting problems, shareholder lawsuits and an examination by the Securities and Exchange Commission, but shares moved up 19% Monday ahead of earnings.

* Wall Street betting as big as ever

Shares of Chesapeake Energy (CHK, Fortune 500) rebounded Monday from their Friday sell-off, which was sparked by news that Chesapeake might have to delay some asset sales, which are necessary to pay down its debt.

After Friday's close, the company announced it had arranged for a $3 billion unsecured loan from Goldman Sachs (GS, Fortune 500) and affiliates of Jefferies Group (JEF). On Monday, the Wall Street Journal reported that activist investor Carl Icahn is expected to reveal he has increased his stake in the company to more than 5%.

Shares of Best Buy (BBY, Fortune 500) rose after the retailer said former Chief Executive Brian Dunn's relationship with an employee was inappropriate but didn't involve "misuse of company resources" or "misuse of aircraft."

Currencies and commodities: The dollar was stronger against the euro, but fell versus the Japanese yen and the British pound.

Oil prices for June delivery slid to a five-month low, losing $1.96 to $94.17 a barrel.

Gold futures for June delivery lost another $26.30 and reached $1,557.70 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.78%.

Image

Market Update

4:30 pm : Concerns about the implications of continued political impasse in Greece undermined sentiment in the early going and sent stocks sharply lower at the open. Although pressure eased and the broad market slashed its loss in half, sellers redoubled their efforts late in the day to force stocks to finish near session lows.

Seemingly incapable of forming an elected government, Greece stirred sovereign concerns this morning. That drove down Europe's major bourses, lifted debt yields of countries in the eurozone periphery, and pressured the euro, which fell about 0.5% against the greenback to set a new multi-month low.

Financials were a steady drag on trade. The sector settled the session with a 2.1% loss, which is worse than what any other sector suffered. Beyond broad market weakness, investment banks, brokerage outfits, and diversified financial services players were hurt by concerns that a failure to honor austerity plans by jockeying eurozone politicians carries consequences for eurozone debt and broader financial conditions. A recent trading bluner by JPMorgan Chase (JPM 35.79, -1.17) has also tainted the perception of many firms.

Energy stocks were also a steady drag; they suffered a collective loss of 1.6%. As had been the case last week, Energy's weakness came in close connection with another drop in oil prices, which fell to a multi-month low of $93.85 per barrel before it settled pit trade with a loss of 1.3% at $94.76 per barrel.

Without the help of the two highly influential sectors stocks had a harder time generating enough momentum to extend the broad market's recovery effort into late afternoon trade. Instead, the S&P 500 came within a couple of points of last week's close before it rolled over and declined steadily into the close.

The stock market's final descent drove higher the Volatility Index, which was up about 10% to a multi-month high of almost 22 by the day's end.

There wasn't a single sector that scored a gain, but defensive-oriented stocks did a decent job of limiting losses. Utilities declined only 0.3%, while Health Care and Consumer Staples both fell 0.4%. Telecom declined 0.5%. Still, Groupon (GRPN 11.73, +1.84) was a standout by surging almost 20% ahead of its quarterly report.

Treasuries attracted the interest of safety seekers, such that the yield on the benchmark 10-year Note dropped below 1.80% for the first time in a few months. By the closing bell the Note's yield was about 1.78%.

Advancing Sectors: None
Declining Sectors: Utilities -0.3%, Consumer Staples -0.4%, Health Care -0.4%, Telecom -0.5%, Tech -0.9%, Industrials -1.2%, Consumer Discretionary -1.4%, Materials -1.4%, Energy -1.6%, Financials -2.1%DJ30 -125.25 NASDAQ -31.24 NQ100 -1.0% R2K -1.4% SP400 -1.2% SP500 -15.04 NASDAQ Adv/Vol/Dec 615/1.66 bln/1923 NYSE Adv/Vol/Dec 472/802 mln/2578

3:30 pm : Continued strength in the dollar weighed on the commodity complex today. Crude oil prices fell as low as $93.85 per barrel in morning action, but could only erase some of that loss. It settled pit trade with a loss of 1.3% at $94.76 per barrel.

Natural gas failed to extend the upward momentum that it generated last week. Instead, it suffered its first loss in eight sessions. Prices were as low as $2.41 per MMBtu before they settled floor trade at $2.43 per MMBtu for a 3.2% loss.

Precious metals remained week. Gold fell to a session low of $1555.00 per ounce and silver fell to $28.20 per ounce. Pressure persisted for all of pit action, leaving the metals to trade in a consolidative manner just above their session lows before June contracts for both gold and silver settled at new 2012 lows of $1561.10 per ounce and $28.35 per ounce, respectively. Gold lost 1.4%, while silver shed 1.9%.

Weakness among commoditied cut down the CRB Index for a loss of almost 1.2% -- its fifth consecutive loss, and eighth drop in nine sessions. DJ30 -108.98 NASDAQ -25.82 SP500 -12.99 NASDAQ Adv/Vol/Dec 675/1.21 bln/1835 NYSE Adv/Vol/Dec 525/485 mln/2495

3:00 pm : Only 60 minutes remain in today's session. Agilent (A 39.00, -0.45) and Groupon (GRPN 11.77, +1.87) both report quarterly results after the close. Dick's Sporting Goods (DKS 47.32, -0.99), Home Depot (HD 50.02, -0.32), Saks (SKS 10.02, -0.24), and TJX Co's (TJX 40.00, -1.25) all report tomorrow morning before the market's open. Tomorrow morning also brings monthly retail sales numbers and consumer prices, monthly business inventories, and the latest Empire State Manufacturing Index.DJ30 -98.69 NASDAQ -22.69 SP500 -11.92 NASDAQ Adv/Vol/Dec 745/1.13 bln/1770 NYSE Adv/Vol/Dec 600/445 mln/2405

2:30 pm : Stocks continue to gradually work their way higher, although the path has been relatively choppy. Nonetheless, stocks have managed to just about halve losses after being down more than 1% this morning.DJ30 -66.03 NASDAQ -14.11 SP500 -7.93 NASDAQ Adv/Vol/Dec 770/1.06 bln/1725 NYSE Adv/Vol/Dec 635/415 mln/2350

2:00 pm : Stocks have made a modest move higher in recent trade. All three major equity averages are now at their best levels of the day. The steady effort to trim losses has come without help from Energy and Financials, both of which remain in the red with losses greater than 1%, or more than double what the broad market is currently down.

Although stocks continue to trend higher, volatility remains elevated, as indicated by the Volatility Index. The VIX is still up more than 6% to trade above 21. DJ30 -58.61 NASDAQ -11.67 SP500 -6.88 NASDAQ Adv/Vol/Dec 670/965 mln/1815 NYSE Adv/Vol/Dec 585/380 mln/2405

1:30 pm : Stocks have recovered from a recent slip to return to their early afternoon levels. The stock market still has a ways to go before it can fully offset losses. On a few occassions last week stocks managed to recover from an early tumble, but not always were they able to rally completely out of the red -- in the past eight sessions stocks have booked only one gain and just one flat finish.DJ30 -74.35 NASDAQ -15.42 SP500 -8.35 NASDAQ Adv/Vol/Dec 615/900 mln/1870 NYSE Adv/Vol/Dec 500/350 mln/2485

1:00 pm : Pronounced pressure in the opening minutes of trade drove down the S&P 500 to a new multi-month low, but now stocks trimming losses.

Concerns associated with Greece's inability to form an elected government, and the implications associated with such struggle, undercut Europe's major bourses in the latest round of trade. That undermined sentiment stateside, leaving stocks to suffer losses of about 1% or more before beginning to recover.

An effort to reduce risk amid a weakened stock market sent the dollar up to a multi-month high against a basket of major foreign currencies; it continues to sport a 0.4% gain. Treasuries have also traded higher, driving the yield on the benchmark 10-year Note down to a multi-month low of less than 1.80%, which is where it has since remained.

The combination of a stronger dollar and momentum selling has sent oil prices down to a multi-month low. The energy component was last quoted with a 1.7% loss at $94.45 per barrel.

Falling oil prices and precarious stock market action has kept pressure on Energy stocks all session. The sector is still down 1.2%, while the broad market has fought to improve its position.

Financials continue to weigh heavily on broad trade, too. The sector's 1.2% loss comes as shares of investment banks, brokerage outfits, and diversified financial services players grapple with matters of perception following last week's news of a trading bluner by JPMorgan Chase (JPM 36.28, -0.68). Eurozone concerns also continue to cause headaches for the space.

Despite weakness among some of the more influential stocks, shares of defensive-oriented companies have done a solid job of slashing losses. Utilities and Consumer Staples are both down 0.2%, while Health Care stocks are down 0.1%. DJ30 -76.17 NASDAQ -16.98 SP500 -8.90 NASDAQ Adv/Vol/Dec 620/805 mln/1835 NYSE Adv/Vol/Dec 495/325 mln/2465

12:30 pm : There still isn't a single sector that has managed to eke out any kind of a gain. Health Care stocks recently stretched up to the neutral line, but they were unable to poke into positive territory. Instead, resistance has kept the sector in the red with a narrow loss that currently stands at just 0.1%.DJ30 -82.64 NASDAQ -16.77 SP500 -9.19 NASDAQ Adv/Vol/Dec 605/735 mln/1845 NYSE Adv/Vol/Dec 485/295 mln/2645

12:00 pm : Stocks have been unable to build on their recent bounce. The loss of upward momentum has prompted some participants to redouble selling efforts, forcing stocks to ease lower once again.

Financials continue to weigh heavily on overall action. The sector's 1.3% loss makes it one of the worst performing groups in the entire market. Only Energy, also down 1.3%, is in as rough shape. Weakness in the former comes as investors consider the implications of a troubled eurozone amid Greece's political impasse, as well as a tarnished perceptions of banks after $2 billion in trading losses were disclosed late last week by JPMorgan Chase (JPM 36.18, -0.78). Losses among Energy stocks are closely correlated to lower oil prices, which are at 2012 lows. DJ30 -92.22 NASDAQ -17.45 SP500 -9.88 NASDAQ Adv/Vol/Dec 565/660 mln/1855 NYSE Adv/Vol/Dec 450/270 mln/2485

11:30 am : A sudden flurry of buying interest has helped the major equity averages slash losses and push up to their best levels of the day. The effort has effectively halved broad market losses.

Health Care stocks have benefited the most from the recent change in bias. The sector was down roughly 1% at its session low, but it has since swung all the way up to the neutral line. Pharmaceutical players like Pfizer (PFE 22.71, +0.06), Merck (MRK 38.18, +0.15), and GlaxoSmithKline (GSK 45.82, +0.20) are helping to lead the effort. DJ30 -72.20 NASDAQ -15.02 SP500 -8.38 NASDAQ Adv/Vol/Dec 520/540 mln/1870 NYSE Adv/Vol/Dec 370/225 mln/2560

11:00 am : Stocks have worked their way up from session lows, but losses remain sizable and broad based.

A steady bid for safety continues to keep the dollar up about 0.4% against a basket of major foreign currencies -- that move comes after it staged two consecutive weekly gains of 1%.

Treasuries also continue to trade higher. That has the yield on the benchmark 10-year Note at a multi-month low comfortably beneath 1.80%.

Gold has failed to gain any bid, though. Many participants have opted to shy away from the traditional safe haven because of gains by the greenback. Gold prices are currently down 1.3% to $1563 per ounce. DJ30 -108.25 NASDAQ -23.30 SP500 -12.40 NASDAQ Adv/Vol/Dec 460/445 mln/1900 NYSE Adv/Vol/Dec 335/190 mln/2570

10:30 am : Down for the eighth time in nine sessions, the CRB Index has fallen to a 1.2% loss today.

Among the CRB's more closely tracked constituents, crude oil futures prices are currently off by 2.1% at $94.10 per barrel. In overnight electronic trade constant futures prices actually fell as low as $93.65 per barrel, which hasn't been touched since this past December. Natural gas prices have also been under pressure. The energy component was last quoted with a 2.6% loss at $2.52 per MMBtu. Natural gas prices actually pushed up about 10% during the course of trade last week.

Precious metals have resumed their downtrend. That has gold prices down 1.4% to $1561 per ounce. The yellow metal was as low as $1555 per ounce earlier this morning. Silver prices are now down 1.9% to $28.35 per ounce, which is about a dime above the early morning lows set in electronic trade. DJ30 -137.85 NASDAQ -31.60 SP500 -15.05

10:00 am : Stocks appear to have stabilized from their opening slide. The action has kept the S&P 500 near the 1340 line, although the broad market measure did slip a couple of points below that mark to register a new multi-month low.

Telecom stocks continue to trade lower, however. The sector regularly displayed relative strength last week, but with a 1.2% loss today it is underperforming the broad market. Most of the sector's weakness is due to pressure against integrated telecom plays like AT&T (T 33.21, -0.38) and Verizon (VZ 40.64, -0.52). DJ30 -123.78 NASDAQ -24.43 SP500 -13.11 NASDAQ Adv/Vol/Dec 400/100 mln/1835 NYSE Adv/Vol/Dec 325/75 mln/2425

09:45 am : The major equity averages are down markedly this morning. The action has the S&P 500 trading narrowly beneath its March low of 1340.

Financials, Energy, and Materials stocks are in the worst shape. The three sectors are down 1.6%, 1.6%, and 1.7%, respectively. Defensive-oriented sectors like Utilities and Consumer Staples have managed to limit losses this morning, but even they are both down 0.6%. DJ30 -136.72 NASDAQ -26.60 SP500 -15.08 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: -11.30. Nasdaq futures vs fair value: -20.00. With few positive reports to distract market participants from the political impasse in Greece, stock futures remain under pronounced pressure. Concerns about the implications of such a struggle have also put pressure on the euro, which is presently down almost 0.5% against the dollar for a new multi-month low. The effort to reduce risk has extended into the commodity complex, driving down the CRB Index to a loss of more than 1%, or its eighth slide in nine sessions. Treasuries are ticking higher as many traders seek safety. The action has the yield on the benchmark 10-year Note below 1.80% for the first time in more than three months.

09:05 am : S&P futures vs fair value: -12.30. Nasdaq futures vs fair value: -21.80. Crude oil prices have extended their descent to new 2012 lows -- constant contract futures currently price the energy component with a 2.0% loss at $94.25 per barrel. Natural gas prices are currently down 1.2% to $2.56 per MMBtu after a solid week. Precious metals are also under pressure. Specifically, gold is currently down 1.5% to $1561 per ounce, while silver sits at $28.50 per ounce with a 1.4% loss. Overall weakness in the commodity complex has the CRB Index down 1.1% this morning. That puts the CRB on pace for its eigth loss in nine sessions.

08:35 am : S&P futures vs fair value: -11.80. Nasdaq futures vs fair value: -21.30. Europe's major bourses are under sharp pressure and yields on the debt of relatively risky countries in the eurozone periphery are up as market participants consider the ongoing struggles of Greece to form an elected government and the implications associated with such struggle. Greece's Athex 20 is down nearly 4%. Italy's MIB is presently down by about 3%, while Spain's IBEX suffers a loss of more than 2%. Germany's DAX is curently down 2.2% -- not a single stock in the bourse is in positive territory. Deutsche Bank (DB 38.50, -1.11), Allianz, Metro AG, and Man SE are in the worst shape. Deutsche Boerse AG and K+S AG have managed to limit losses, though. France's CAC is currently off by 2.5%. Total (TOT 44.02, -0.97) has been a particularly heave drag on trade there. Britain's FTSE 100 is now down 2.2%. Severn Trent Plc, Sage Group, United Utilities, and International Power Plc are the only four stocks presently in positive territory. Barclays (BCS 12.28, -0.61), Lloyds Group (LYG 1.85, -0.11), and Royal Bank of Scotland (RBS 7.33, +0.00) are among the worst performers. Aberdeen Asset Management is also down sharply, as are natural resource plays Tullow Oil, BHP Billiton (BHP67.57, -1.25 ), and Xstrata.

Japan's Nikkei managed to score a 0.2% gain. Chiyoda Corp, Bank of Yokohama, Chiba Bank, and Softbank scored strong gains to lead the Nikkei. Sony (SNE 14.39, +0.21) also scored a strong gain after descending to its lowest level in decades late last week. However, efforts to advance were partly undermined by weakness among Sumitomo Electric and automakers like Mazda Motor, Mitsubishi Motors, and Nissan Motor (NSANY 20.17, +0.00). Losses between Honda (HMC 34.30, +0.00) and Toyota (TM 80.71, +0.00) were less severe. Hong Kong's Hang Seng sank to a 1.2% loss. Although weakness was widespread, banking outfits like Industrial & Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank were particularly heavy drags. They were also the most actively traded names by share volume. China Telecom and Zijin Mining were among the few that managed to muster gains. Mainland China's Shanghai Composite closed 0.6% lower. China's central bank made news during the weekend when it decided to cut the reserve requirement ratio for its banks. Despite that, China Construction Bank, Agricultural Bank of China, and Bank of China were also weak there, along with China Minsheng Bank and Bank of Communications. However, Founder Securities, Haitong Securities, and CITIC Securities scored solid gains. Inner Mongolia Baotou Steel suffered a sharp loss in high-volume trade.

Note: ticker quotes reflect US premarket prices.

08:05 am : S&P futures vs fair value: -9.70. Nasdaq futures vs fair value: -18.80. Political impasse in Greece continues to undermine confidence among market participants, resulting in pronounced losses among Europe's major bourses and weakness among domestic stock futures. An effort to reduce risk has resulted in higher debt yields among countries in the eurozone periphery, and prompted many to rotate into the dollar, which is currently up 0.3% against a basket of major foreign currencies. The move comes after the greenback made back-to-back weekly gains of 1%. Corporate news is relatively light and the calendar for US economic data is empty today.

06:20 am : [BRIEFING.COM] S&P futures vs fair value: -11.90. Nasdaq futures vs fair value: -24.80.

06:20 am : Nikkei...8973.84...+20.50...+0.20%. Hang Seng...19735.04...-229.60...-1.20%.

06:20 am : FTSE...5484.65...-90.90...-1.60%. DAX...6447.57...-132.40...-2.00%.

Special thanks to Bloomberg, CNNMoney and Yahoo! Finance for their market summaries. gm

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Image@ http://twitter.com/wrbtrader, http://stocktwits.com/wrbtrader and http://chart.ly/users/wrbtrader

http://www.thestrategylab.com
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