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 Post subject: May 15th Tuesday 2012 Emini TF ($TF_F) points +5.10
PostPosted: Tue May 15, 2012 8:02 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: +5.10 points or $510 dollars in the Russell 2000 Emini TF ($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=1222.

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 Slide On Greek Woes

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

NEW YORK (CNNMoney) -- U.S. stocks closed at three-month lows Tuesday, sliding during the final hour of trade, as investors faced worrisome signs out of Greece.

Stocks started the day under mild pressure after politicians in Athens failed to agree on a coalition government, and President Karolos Papoulias' office said the debt-wracked country will hold new elections in June in response to the political stalemate.

Selling picked up steam in the afternoon following news that Greek depositors withdrew €700 million from local banks on Monday, according reports citing a transcript of Papoulias' remarks to Greek political leaders that was released on Tuesday.

The Dow Jones industrial average (INDU) lost 63 points, closing at the lowest level since Jan. 19.

The S&P 500 (SPX) fell 8 points, or 0.6%, and the Nasdaq (COMP) shed 9 points, or 0.3%. Both indexes finished at the lowest levels since Feb. 2.

The instability in Greece has re-ignited fears that the country could fail to make debt payments as early as next month, potentially forcing it to exit the euro and imperil Europe's periphery in the process.

"Now Greece is facing at least another month of uncertainty, and that's something that the market hates," said Tom Schrader, managing director at Stifel Nicolaus.

* Contagion risks deepen as new Greek elections called

"This doesn't help the rest of the southern European countries in the debt situation either. Spain, Italy and Portugal are going to come back to the forefront as Greece's situation remains fragile," he added.

While Greece continues to be a question mark, better-than-expected economic growth in Germany was somewhat encouraging.

German economic growth came in at 0.5% in the first quarter. That's far better than the 0.2% decline in gross domestic product at the end of last year, which raised fears that Europe's largest economy could fall into recession.

German growth also lifted the reading for all of the European Union to 0.1%, and left GDP unchanged in the 17-nation eurozone.

There had been fears that both the EU and eurozone would report their second straight quarter of declining GDP, the common benchmark for an economy in recession. By that standard, 12 of the nations in the EU are now mired in an economic downturn.

* Greece and the euro: What's next?

European finance ministers are winding up a two-day meeting Tuesday, and newly elected French President François Hollande is set to meet with German Prime Minister Angela Merkel in Berlin.

Lightning struck the plane carrying Hollande, CNN affiliate BFM-TV reported, forcing the president to return to Paris to board another plane and delaying his meeting with Merkel. No one was hurt, the station reported.

Late Monday, Moody's downgraded 26 Italian banks between one to four notches, saying, "the potential for further rating transition is heightened by the possibility of rapid increases in problem loans."

U.S. stocks fell Monday amid worries about the stability of the eurozone and the safety of the U.S. banking sector.

* Video - Can Greece leave the euro?

Economy: Reports on retail sales and inflation for April were close to expectations, providing additional support for stocks.

U.S. retail sales edged up 0.1% last month, below the forecast from economists surveyed by Briefing.com, after increasing by 0.7% in March.

The Consumer Price Index was flat in April, as expected, after rising by 0.3% in March.

Companies: Avon Products (AVP, Fortune 500) said that Coty has withdrawn its bid for the company, less than a week after it upped its offer with backing from Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500). Avon's board had said it wanted a week to consider the latest offer, but Coty demanded an immediate answer. Shares of Avon tumbled.

Dow component Home Depot (HD, Fortune 500), a bellwether of activity in the nation's troubled home-building industry, reported quarterly earnings in line with estimates but issued an earnings forecast that fell short. The stock dipped.

Shares of daily deals site Groupon (GRPN) surged for a second day. The company reported narrowing losses and better-than-expected sales Monday, giving investors hope that it can steady its ship.

Chesapeake Energy's (CHK, Fortune 500) stock dipped after Standard & Poor's downgraded the company's credit rating, citing "mounting turmoil" amid concerns about corporate governance practices and the likelihood Chesapeake will face an even wider budget gap than the agency had previously anticipated.
Seniors clamoring to invest in Facebook IPO

In a sign of strong investor demand for shares in its upcoming initial public offering, Facebook boosted the target price range for its stock. Facebook (FB) now expects to price its shares at $34 to $38 each, up from the $28 to $35 range it set earlier this month, according to a Tuesday filing with the Securities and Exchange Commission.

JPMorgan Chase (JPM, Fortune 500) shareholders gathered in Tampa, Fla., for the bank's annual meeting. The shareholder meeting comes just days after the bank disclosed a $2 billion trading loss, an event that led to the departure of its chief investment officer and forced CEO Jamie Dimon to apologize for what he called "a terrible mistake."

World markets: European stocks ended modestly lower. Britain's FTSE 100 (UKX) slipped 0.5%, France's CAC 40 (CAC40) dropped 0.6% and the DAX (DAX) in Germany fell 0.8%.

Asian markets ended mixed, with the Shanghai Composite (SHCOMP) closing off 0.3%, the Hang Seng (HSI) in Hong Kong gaining 0.8%, but Japan's Nikkei (N225) falling 0.8%.

Currencies and commodities: The dollar was higher against the euro, the British pound and the Japanese yen.

Oil for June delivery rose fell 80 cents to settle at $93.98 a barrel.

Gold futures for June delivery dropped $3.90 to settle at $1,557.10 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, boosting the yield to 1.79%.

Image

Market Update

4:30 pm : Tech had attempted to provide the broad market with a positive source of leadership today, but instead the stock market fell to its eighth loss in 10 sessions as participants remained focused on the problems of the eurozone.

Word that first quarter economic growth in Germany exceeded expectations had quelled concerns about the precarious eurozone region and resulted in gains by Europe's major bourses, but sentiment soured when market participants were reminded of the persistent problems in the eurozone periphery. Specifically, headlines indicative of continued political impasse in Greece revived worries about what that could mean for the country's austerity plans. Greece returned to focus later in the day as financial media detailed the outflow of deposits among Greece's banks.

A relatively underwhelming dose of domestic data failed to instill confidence among market participants. Both overall retail sales and retail sales less autos increased during April by 0.1%. Economists polled by Briefing.com had expected both to increase by 0.2%.

There were no surprises to the latest Consumer Price Index. Overall CPI was flat from the prior month, while core CPI increased by 0.2%.

The Empire State Manufacturing Index for May surprised many, however. It improved to 17.1 from 6.6 in the prior month to exceed the 8.4 that many economists had expected.

Stocks struggled to sustain an early bid amid eurozone worries, but an advance by Tech helped lift the Nasdaq to a nice gain and put the S&P 500 in positive territory. However, Tech's strength proved unsustainable in the face of a broad market downturn in afternoon trade. Tech stocks collectively shed 0.5%.

Even Consumer Discretionary stocks suffered a 0.2% loss after the sector had been up about 1% at its session high. Although home improvement retailer Home Depot (HD 48.67, -1.21) lagged in the wake of its latest quarterly report, TJX Co's (TJX 42.45, +2.75) managed to maintain most of its gain following its latest earnings announcement.

Energy received an early bid, but eventually the sector succumbed to the efforts of sellers, who dropped it to a 2012 low and a 1.5% loss. Energy's action came in close connection to that of crude oil, which chopped around the unchanged line in early morning action, but fell as low as $93.77 per barrel before settling with a 0.8% loss at a 2012 closing low of $93.97 per barrel.

The afternoon slide among stocks sent both the Dow and S&P 500 to their lowest level in little more than three months. The Nasdaq set a three-month low by only an incremental margin.

Despite the slip, Treasuries saw only limited support. As such, the 10-year Note settled near the neutral line, but that kept its yield a few basis points below 1.80%.

Buying interest in the greenback grew as trade progressed. By the close the dollar was up about 0.8% against a basket of major foreign currencies. The Dollar Index is now at its highest level since January.

Advancing Sectors: None
Declining Sectors: Utilities -0.1%, Consumer Discretionary -0.2%, Telecom -0.4%, Tech -0.5%, Health Care -0.5%, Financials -0.6%, Utilities -0.6%, Industrials -0.6%, Materials -1.5%, Energy -1.5%DJ30 -63.35 NASDAQ -8.82 NQ100 -0.4% R2K -0.2% SP400 -0.4% SP500 -7.69 NASDAQ Adv/Vol/Dec 1131/1.83 bln/1387 NYSE Adv/Vol/Dec 1041/868 mln/1968

3:30 pm : Gains by the greenback in response to a weaker euro and a dose of decent U.S. economic data put pressure on several key commodities, but the CRB Index still eked out a 0.2% gain, snapping a five-session streak of losses.

Crude oil prices chopped around the unchanged line in early morning action, but fell into negative territory, touching a session low of $93.77 per barrel, before settling with a 0.8% loss at $93.97 per barrel, which makes for a new 2012 closing low. In contrast, natural gas prices erased most of yesterday's losses as its price trended higher for most of today's floor session. It settled pit trade with a 2.5% gain at $2.49 per MMBtu, just below its session high of $2.50 per MMBtu.

Both gold and silver began pit trade just above the unchanged line, but quickly fell into the red. Gold dipped to a session low of $1549.80 per ounce in morning action and spent the majority of floor trade attempting to erase losses. Its efforts proved unsuccessful, however, as the metal settled with a 0.2% loss at $1557.60 per ounce. Silver touched a session low of $27.92 per ounce before it closed the pit session at $28.03 per ounce, or 1.1% lower.DJ30 -75.53 NASDAQ -11.15 SP500 -8.88 NASDAQ Adv/Vol/Dec 1180/1.38 bln/1310 NYSE Adv/Vol/Dec 1030/545 mln/1955

3:00 pm : Stocks are chopping their way into the final hour of trade. The Energy sector has become an increasingly heavy drag; it is now down 1.2% as oil prices extend their slide after the close of electronic trade. Oil prices are down 1.3% to $93.55 per barrel in electronic trade.DJ30 -12.94 NASDAQ +7.42 SP500 -1.74 NASDAQ Adv/Vol/Dec 1445/1.19 bln/1030 NYSE Adv/Vol/Dec 1370/470 mln/1575

2:30 pm : Stocks have stabilized after slipping in recent trade. The action has left the broad market to oscillate near the neutral line.

In contrast, the Tech-rich Nasdaq continues to sport a solid gain. Broadcom (BRCM 33.69, +0.64), Adobe (ADBE 32.66, +0.43), and Google (GOOG 613.35, +9.35) are among the Nasdaq's more commonly held leaders. DJ30 +16.42 NASDAQ +15.78 SP500 +1.40 NASDAQ Adv/Vol/Dec 1415/1.11 bln/1060 NYSE Adv/Vol/Dec 1355/440 mln/1585

2:00 pm : Stocks have extende their recent slide, taking both the Dow and the S&P 500 back into the red. Neither has encroached upon the lows that were set earlier in the session, though.

The slide by stocks coincides with a drop by the euro to a new session low. It now trails the dollar by about 0.7%. Weakness in the euro remains tied to the precarious financial and economic conditions of the eurozone and concerns that political impasse in Greece could carry implications for the country's commitment to austerity plans. DJ30 -7.42 NASDAQ +11.08 SP500 -1.25 NASDAQ Adv/Vol/Dec 1500/1.01 bln/965 NYSE Adv/Vol/Dec 1420/395 mln/1515

1:30 pm : Stocks are slipping. The action has left the major equity averages to trade at new afternoon lows.

Share volume remains light, suggesting that there isn't a great deal of participation in today's action. Share volume hasn't been exactly robust in recent sessions, but the volatility associated with revived eurozone concerns has taken total daily share volume on the NYSE up to 900 million on a couple of occasions. DJ30 +30.76 NASDAQ +20.97 SP500 +2.45 NASDAQ Adv/Vol/Dec 1525/945 mln/925 NYSE Adv/Vol/Dec 1485/365 mln/1435

1:00 pm : Eurozone concerns have left stocks to trade with limited leadership, resulting in only a modest gain for the broad market.

News that Germany's economy expanded at a stronger-than-expected clip during the first quarter helped distract traders there from recent eurozone concerns, and also helped restore a sense of confidence in stocks in other major markets. However, sentiment soured in response to headlines suggesting that no agreement has been made on the establishment of an elected government in Greece. That overshadowed in-line consumer price measurements, mildly softer-than-expected retail sales growth, and a better-than-expected reading on manufacturing activity in the New York region.

Stocks opened the session at the flat line and attempted to chop higher before sellers applied enough pressure to sent the S&P 500 and the Dow into the red. Although both have rebounded, neither has been able to build on the move.

The Nasdaq is in stronger shape, thanks partly to Tech stocks. Tech stocks are collectively up 0.6%, but large-cap Tech stocks are in slightly better shape, based on the 0.7% gain by the Nasdaq 100.

Consumer Discretionary stocks have staged some of the most impressive gains. The sector's near 1% gain has been helped along by TJX Co's (TJX 42.44, +2.74), which is flirting with 52-week highs following the retailer's latest quarterly report. Home Depot (HD 49.36, -0.52) has been a drag on the space following its quarterly report.

Energy stocks benefited from a modest bid in the early going, but the sector has since faltered so that it trades with a 0.6% loss. No other sector is in as rough shape. The resumption of Energy's downtrend comes as oil prices fail to sustain gains of their own; the energy component was last quoted with a 0.6% loss at $94.20 per barrel.

A stronger dollar has likely complicated oil's efforts to stage gains -- the dollar's ascent to a 0.6% gain against a collection of competing currencies comes as traders send the euro to a new multi-month low. DJ30 +33.00 NASDAQ +20.34 SP500 +2.97 NASDAQ Adv/Vol/Dec 1555/855 mln/870 NYSE Adv/Vol/Dec 1570/335 mln/1325

12:30 pm : The S&P 500 has inched up to a new session high, but it has been slow to extend the move. Nonetheless, the broad market is on pace for only its second gain in six sessions of trade.

The stock market's recent streak of weakness caused the Volatility Index to rise above 22 yesterday for the first time in a few months. It is down more than 4% today. DJ30 +48.28 NASDAQ +24.05 SP500 +4.85 NASDAQ Adv/Vol/Dec 1585/770 mln/825 NYSE Adv/Vol/Dec 1625/305 mln/1240

12:00 pm : Stocks continue to rebound after a recent retreat into negative territory. The effort has taken both the Nasdaq and the Dow to new session highs, but the S&P 500 hasn't yet cleared the heights that it reached in mid-morning trade.

Tech stocks are primary leaders. Their strength has sent the Tech sector up to a 0.7% gain, which is second only to the 0.8% gain currently boasted by Consumer Discretionary stocks. Down 0.3%, Energy remains a source of weakness. DJ30 +44.16 NASDAQ +20.52 SP500 +4.16 NASDAQ Adv/Vol/Dec 1425/670 mln/935 NYSE Adv/Vol/Dec 1425/270 mln/1435

11:30 am : The S&P 500 and the Dow recently dropped back into negative territory, but they have managed to recover. That said, their gains are only incremental.

Tech stocks have been a source of strength for the broad market. The sector's 0.3% gain makes it one of today's top performers. That has also helped the Nasdaq maintain a lead over its counterparts.

Consumer Discretionary stocks are actually the best performers of the session. Collectively they are up 0.5% as shares of retailers attract positive attention. TJX Co's (TJX 42.35, +2.65) is a standout as its shares trade near their 52-week high following the company's latest quarterly report. DJ30 +4.24 NASDAQ +9.44 SP500 +0.28 NASDAQ Adv/Vol/Dec 1235/555 mln/1085 NYSE Adv/Vol/Dec 1140/225 mln/1700

11:00 am : Energy stocks displayed moderate strength earlier this morning, but the sector has since faltered so that it now trades with a 0.5% loss. The resumption of selling in the space has the Energy sector at a new 2012 low.

Although oil prices are on the slide, oil and gas refining and marketing players like Valero (VLO 22.29, +0.24) and Western Refining (WNR 18.04, +0.17) are sporting impressive gains. Sunoco (SUN 48.43, +0.03) and Marathon Petroleum (MPC 35.85, +0.03) aren't quite as strong. DJ30 +15.55 NASDAQ +14.66 SP500 +1.72 NASDAQ Adv/Vol/Dec 1400/425 mln/870 NYSE Adv/Vol/Dec 1505/175 mln/1295

10:30 am : Commodities are mostly mixed, but the CRB Index is up 0.4% after it fell yesterday for its fifth straight loss.

Crude oil prices are currently up 0.2% to $95 per barrel. The energy component has oscillated along the neutral line for most of the morning. Natural gas has been a stronger performer; it is currently priced with a 1.8% to $2.55 per MMBtu, although it was as high as $2.57 per MMBtu earlier.

Precious metals prices remain under pressure, but less so than in recent sessions. Specifically, both gold and silver prices fell in excess of 1% in the prior session to settle at 2012 closing lows, but today gold prices are down 0.2% to $1557 per ounce, while silver sits at $28.15 per ounce with a 0.7% loss. DJ30 +26.98 NASDAQ +15.97 SP500 +3.51 NASDAQ Adv/Vol/Dec 1295/290 mln/910 NYSE Adv/Vol/Dec 1390/135 mln/1340

10:00 am : Stocks have made a modest move higher in recent trade, but overall action remains mixed. That has kept the broad market near the neutral line.

Separately, business inventory data for March were just released. Overall inventories increased by 0.3%, which is exactly what had been projected, on average, by economists surveyed by Briefing.com.

The latest NAHB Housing Market Index was also just released. It registered a reading of 29, which is up from the 25 that was posted in the prior month, and is better than the reading of 26 that had been broadly anticipated. DJ30 +14.45 NASDAQ +8.09 SP500 +1.51 NASDAQ Adv/Vol/Dec 1220/75 mln/1410 NYSE Adv/Vol/Dec 1045/115 mln/1010

09:45 am : The broad market is flat after a strong premarket bid was undone by renewed concerns about political impasse in Greece. Headlines associated with the topic continue to weigh on the euro, which currently trails the greenback by about 0.3%.

Energy stocks and Financial stocks weighed heavily on trade in the prior session, but the pair is providing support this morning. An early bounce by bank stocks and shares of diversified financial services outfits has the Financial sector sporting a 0.4% gain. Meanwhile, Energy is up 0.3% amid marginally higher oil prices, which were last quoted with a 0.2% gain at $94.97 per barrel. DJ30 +4.12 NASDAQ +3.57 SP500 +0.08 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: -2.30. Nasdaq futures vs fair value: +4.00. Premarket buying interest has been undermined by headlines suggesting that no agreement has been made on the establishment of an elected government in Greece, reminding participants of the precarious conditions that persist in the eurozone periphery, and overshadowing news of stronger-than-expected economic growth in Germany. The news has also hurt the euro, which has since retreated to a 0.4% loss that has left it at a new multi-month low against the greenback. Little regard has been given to domestic data, which featured in-line consumer price measurements, mildly softer-than-expected retail sales growth, and a better-than-expected reading on manufacturing activity in the New York region. Earnings results have also been of little consequence ahead of the open.

09:05 am : S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +7.80. Stock futures are on the retreat. Meanwhile, the dollar is on the rise, such that it now sports a 0.4% gain against a basket of major foreign currencies. Commodities prices are generally lower. Weakness among commodities dropped the CRB Index for a 1.2% loss yesterday -- its eighth decline in nine sessions. It is up a tepid 0.1% today. Crude oil prices recently surrendered an incremental gain so that they now trade at $94.65 per barrel for a 0.2% loss in early pit trade. Natural gas prices are up 0.6% to $2.52 per MMBtu. Precious metals have been unable to recover from their prior session slide. Accordingly, gold prices are presently down 0.2% to $1558 per ounce, while silver sits at $28.20 per ounce with a 0.6% loss.

08:35 am : S&P futures vs fair value: +8.50. Nasdaq futures vs fair value: +20.50. Stock futures continue to trade with strength following a flurry of data, which featured retail sales data, a reading on consumer prices, and an assessment of regional manufacturing activity.

Retail sales increased during April by 0.1%. That lags the 0.2% increase that had been expected, on average, among economists polled by Briefing.com. Sales less autos also increased by 0.1%, which is less than the 0.2% increase that had been broadly anticipated.

Separately, the Consumer Price Index for April was flat from the prior month, just as had been expected. Core consumer prices increased by 0.2%, which is exactly what had been widely forecasted.

Lastly, the Empire State Manufacturing Index improved in May to 17.1 from 6.6 in April, besting the 8.4 that economists surveyed by Briefing.com had expected, on average.

08:05 am : S&P futures vs fair value: +6.70. Nasdaq futures vs fair value: +17.00. Yesterday the S&P 500 descended to a new multi-month low en route to its seventh loss in nine sessions, but this morning there's a bid behind stock futures. Support comes as a better-than-expected GDP report from Germany helps give some relief to eurozone concerns, which remain hinged upon the precarious conditions of countries in the eurozone periphery. Lingering concerns related to the latter are likely to blame for the steady surrender of gains earned by Europe's major bourses in trade today.

On the earnings front, Groupon (GRPN 14.77, +3.04) shares are up 25% after the company posted this morning in-line earnings results. The surge comes on top of a near 20% surge in the prior session. Home Depot (HD 48.15, -1.73) also had in-line earnings, as did Saks (SKS 9.50, -0.55). TJX Co's (TJX 39.63, -0.07) has yet to report. Note: ticker quotes reflect premarket prices.

On tap for today are monthly retail sales numbers, monthly consumer prices, and the latest Empire State Manufacturing Index, all of which will be released at the bottom of the hour. Monthly business inventories come at 10:00 AM ET.

06:21 am : [BRIEFING.COM] S&P futures vs fair value: +8.20. Nasdaq futures vs fair value: +19.50.

06:21 am : Nikkei...8900.74...-73.10...-0.80%. Hang Seng...19894.31...+159.30...+0.80%.

06:21 am : FTSE...5484.60...+19.10...+0.40%. DAX...6483.44...+31.50...+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

http://www.thestrategylab.com
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