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 Post subject: July 5th Thursday 2012 Emini TF ($TF_F) points +3.80
PostPosted: Thu Jul 05, 2012 10:09 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)

Attachment:
070512-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-380.png
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: +3.80 points or $380 dollars in the Russell 2000 Emini TF ($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=106&t=1266.

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=163&t=1526

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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 Trim Early Losses, End Mixed

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

NEW YORK (CNNMoney) -- U.S. stocks pared earlier losses and ended mixed Thursday, as investors grew hopeful that interest rate cuts from China and Europe, along with tepid U.S. economic data, could bring more meaningful central bank action.

The Dow Jones industrial average (INDU) lost 47 points, or 0.4%, and the S&P 500 (SPX) lost 6 points, or 0.5%, while the Nasdaq (COMP) finished barely in positive territory. Earlier, the three major indexes were down between 0.6% and 0.8%.

Financial stocks were among the worst performers. Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Bank of America (BAC, Fortune 500), Citigroup (C, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) all finished in the red.

Thursday was a big day for central bank intervention. The European Central Bank lowered its key interest rate by a quarter percentage point to 0.75%. Meanwhile, the Bank of England increased asset purchases by £50 billion ($78.1 billion) and the People's Bank of China cut several key interest rates for the second time in less than a month. China's central bank brought its lending rate down by 0.31 percentage points to 6%.

Analysts attribute the turnaround to investors' hope that today's stimulus measures are a sign of things to come.

* ECB cuts rates to all-time low

"The market is bidding on the notion that further quantitative easing is likely underway, not only on an international basis but in the United States, as well," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

On the domestic front, three reports released on Thursday suggested a pick up in the U.S. labor market.

About 374,000 people filed for first-time unemployment benefits last week, 14,000 fewer than the week before, the Labor Department reported.

Companies also announced fewer layoffs in June, according to data collected by Challenger, Gray & Christmas, Inc. Employers announced 37,551 planned job cuts, the lowest number in 13 months, the report said.

* Check CNNMoney's Fear & Greed Index

Additionally, a report released by payroll-processing company ADP beat expectations and showed that private businesses added 176,000 jobs in June, a significant improvement over the month before. The ADP report typically foreshadows the Labor Department's jobs report, which will come out Friday.

U.S. stocks rallied on a holiday-shortened trading day Tuesday, as investors reacted to strong auto sales and an increase in factory orders for May. U.S. markets were closed Wednesday for Independence Day.

World markets: European stocks closed mixed on Thursday. Britain's FTSE 100 (UKX) was up 0.1%, while the DAX (DAX) in Germany slid 0.5% and France's CAC 40 (CAC40) dropped 1.2%.

Asian markets ended mixed. The Shanghai Composite (SHCOMP) lost 1.2% and Japan's Nikkei (N225) slid 0.3%, while the Hang Seng (HSI) in Hong Kong rose 0.5%.

Economy: The non-manufacturing index dipped to 52.1 in June, according to the Institute of Supply Management's monthly report -- down from 53.7 in May and below expectations. Any reading above 50 indicates expansion.

Mortgage rates fell again this week, smashing previous record lows, according to mortgage giant Freddie Mac. The rate for a 30-year, fixed-rate loan dropped 0.04 percentage points to 3.62%. The 15-year fixed fell 0.5 percentage points to 2.89%.

Companies: Several large retailers reported mixed results for sales in June. Retailers battled high unemployment, falling consumer confidence and warm weather purchases that were made earlier than usual this year.

Of the retailers tracked by Thomson Reuters, 18 are expected to report a 2.4% gain in June same-store sales -- far less than the 7.7% gain from a year earlier.

Costco Wholesale Corp (COST, Fortune 500), Macy's Inc (M, Fortune 500), Kohl's Corp (KSS, Fortune 500) and Target Corp (TGT, Fortune 500) all reported disappointing June sales.

But it wasn't all bad news -- off-price retailers reported good numbers. TJX Cos Inc (TJX, Fortune 500), which runs the discount chain T.J. Maxx, and Ross Stores Inc (ROST, Fortune 500) reported some of the largest gains, as shoppers looked for bargains on higher-end clothes and home goods.

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

Oil for August delivery fell 44 cents, settling at $87.22 a barrel.

Gold futures for August delivery settled down $12.40 to $1,609.40 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.60% from 1.63% late Tuesday.

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Market Update

4:20 pm : Not much has changed over the course of the afternoon, with quiet trading conditions ahead of tomorrow's employment report. As mentioned earlier, equities started the day lower despite some better-than-expected employment data and central bank easing in Europe and China. Stocks made lows a half-hour after the open on slightly worse than expected ISM services data, but managed to show some improvement off the lows, with the retail and technology sectors outperforming throughout the day.

To recap the central bank activity this morning, China cut interest rates for the second time in a month and the Bank of England expanded its asset purchase program. Then the ECB cut rates by 0.25%. The Bank of England and ECB moves were in-line with expectations, so the biggest surprise this morning was China's rate cut. However, many had expected China to continue to ease, so while the timing may be surprising, the policy move itself isn't.

In U.S. economic data, the June ADP Employment reading helped futures move back into positive territory, as it showed an increase of 176K jobs from May to June on a seasonally adjusted basis. This was much better than the 105K Briefing.com consensus. However, markets saw little reaction to the weekly initial jobless claims reading of 374K, which was better than the 385K Briefing.com consensus. The ISM services index was reported at 52.1, which was slightly below the 53.0 Briefing.com consensus, and a decline from May's 53.7 reading.

European markets turned negative following ECB and BoE actions that were generally in-line with expectations. The euro weakened in the wake of the ECB rate cut and with a lowered growth outlook from ECB President Draghi. Germany's DAX finished down 0.5% while the UK's FTSE finished marginally higher by 0.1%.

In Asia, China's Shanghai Composite underperformed with a 1.2% decline, while Japan's Nikkei fell 0.3% and Hong Kong's Hang Seng rose 0.5%. Those markets were closed prior to the Chinese rate cut.

Retailers are one of the strongest sectors in the market, gaining more than 1% on average vs. a 0.5% decline in the broader market despite weaker than expected June comparable store sales results. Of the 20 that have reported, 14 retailers missed expectations while six beat. This is the largest number of misses since last May.

The technology sector was also an area of strength, with a 0.1% gain in the Nasdaq 100 vs. the 0.5% loss in the broader market. The biggest gainer in the Nasdaq 100 is Netflix (NFLX 81.72, +9.68), which closed +13% after the company's CEO said its streaming service had its highest month of content consumption. A 2% gain in Apple (AAPL 609.94, +10.53) also helped the tech sector.

On the other hand, Financials (XLF, 14.59 -0.22) underperformed. Part of the weakness was attributed to the shadow cast by the Barclay's LIBOR probe. British officials are reportedly investigating multiple large banks for rate manipulation. JPMorgan (JPM 34.38, -1.50) was a notable laggard.

Volume was below average. However, there is the potential for heavier trading around tomorrow's June nonfarm payrolls report before the open, which is expected to show an increase of around 100K.DJ30 -47.15 NASDAQ 0.04 SP500 -6.44 NASDAQ Adv/Vol/Dec 1149/1.37 bln/1336 NYSE Adv/Vol/Dec 1329/684 mln/1695

3:30 pm : An advance by the dollar following central bank easing in Europe and China and better-than-expected employment data put pressure on precious metals and crude oil during today's pit trade. Gold tumbled to a pit session low of $1598.40 per ounce but was able to erase some losses as it inched slightly higher for the remainder of its session. It ultimately finished 0.7% lower at $1609.90 per ounce.

Silver also inched higher after sliding to a floor session low of $27.53 per ounce and eventually settled at $27.68 per ounce, or 2.2% lower. Crude oil fell to a session low of $86.58 per barrel, but stronger-than-anticipated inventory data that showed a draw of 4.27 mln barrels when a draw of 2.3 mln barrels was expected briefly pushed prices into positive territory to a session high of $88.06 per barrel.

The energy component pulled-back slightly in afternoon action and settled 0.7% lower at $87.13 per barrel... Natural gas, on the other hand, spent most of its floor session in the black. A rally heading into the close pushed prices higher so that nat gas settled with a 1.4% gain at $2.94 per MMBtu, just below its session high of $2.95 per MMBtu.DJ30 -22.14 NASDAQ +4.66 SP500 -4.00 NASDAQ Adv/Vol/Dec 1163/1123 mln/1289 NYSE Adv/Vol/Dec 1342/454 mln/1664

2:55 pm : The stock market is range-bound, with the S&P 500 unable to make it in positive territory. Weakness in financials, the second highest weighted sector, is acting as a drag.

In commodity trading, grains showed considerably strength today, with corn up 4.7% and wheat climbing 4.2%.DJ30 -8.44 NASDAQ +6.14 SP500 -3.14 NASDAQ Adv/Vol/Dec 1186/950 mln/1264 NYSE Adv/Vol/Dec 1485/385 mln/1500

2:30 pm : The major indices trade near recently reached session highs. Four of the 10 sectors are in positive territory.

The dollar index has held onto a solid gain for the session, up 1.3%.DJ30 +10.18 NASDAQ +10.31 SP500 -0.76 NASDAQ Adv/Vol/Dec 1184/883 mln/1261 NYSE Adv/Vol/Dec 1494/359 mln/1452

2:00 pm : Stocks broke out to session highs. The Dow Jones Industrial Average is slightly higher but the S&P 500 remains fractionally lower on the session.

The Nasdaq 100 is up 0.5% as its most heavily weighted component, technology behemoth Apple (AAPL 614.02 +14.61), is up over 2%. Reports out this morning indicate the company will launch a smaller version of its iPad tablet computer with a lower price point in September. The company is already expected to launch the iPhone 5 this fall.DJ30 +8.63 NASDAQ +10.10 SP500 -0.87 NASDAQ Adv/Vol/Dec 1191/862 mln/1255 NYSE Adv/Vol/Dec 1538/352 mln/1469

1:30 pm : The equity markets are flirting with session highs as retail and technology stocks continue to outperform. The S&P 500 and Dow Jones Industrial Average are barely in the red.

JPMorgan (JPM 34.58 -1.30) and Bank of America (BAC 7.87-0.19) are the primary laggards in the Dow.

Aluminum giant Alcoa (AA 9.04 +0.14) is the largest gainer in the index. The company will unofficially kick off Q2 earnings season on Monday, July 9, after the market closes.DJ30 -10.37 NASDAQ +7.65 SP500 -2.76 NASDAQ Adv/Vol/Dec 1152/784 mln/1265 NYSE Adv/Vol/Dec 1472/320 mln/1522

12:55 pm : Equities started the day lower despite some better-than-expected employment data and central bank easing in Europe and China. Stocks made lows a half-hour after the open on slightly worse than expected ISM services data, but have since shown some improvement off the lows, with the retail and technology sectors outperforming, while financials weigh on the broader market.

This morning, China cut interest rates for the second time in a month and the Bank of England expanded its asset purchase program. Then the ECB cut rates by 0.25%. The Bank of England and ECB moves were in-line with expectations, so the biggest surprise this morning was China's rate cut. However, many had expected China to continue to ease, so while the timing may be surprising, the policy move itself isn't.

In U.S. economic data, the June ADP Employment reading helped futures move back into positive territory, as it showed an increase of 176K jobs from May to June on a seasonally adjusted basis. This was much better than the 105K Briefing.com consensus. Markets saw little reaction to the weekly initial jobless claims reading of 374K, which was better than the 385K Briefing.com consensus. Then after the open, the ISM services index was reported at 52.1, which was slightly below the 53.0 Briefing.com consensus and a decline from May's 53.7 reading.

European markets started the day higher, but turned negative following ECB and BoE actions that were generally in-line with expectations. The euro weakened in the wake of the ECB rate cut and lowered growth outlook from ECB President Draghi. Germany's DAX finished down 0.5% while the UK's FTSE finished marginally higher by 0.1%.

In Asia, China's Shanghai Composite underperformed with a 1.2% decline, while Japan's Nikkei fell 0.3% and Hong Kong's Hang Seng rose 0.5%. Those markets were closed prior to the Chinese rate cut, so they will respond to that news tonight.

Retailers are one of the strongest sectors in the market, gaining more than 1% on average vs. a 0.4% decline in the broader market, despite weaker than expected June comparable store sales results. Of the 20 retailers that reported results, 14 missed expectations while six beat. This is the largest number of misses since last May.

On the other hand, Financials (XLF, 14.60 -0.21) are underperforming this session. Part of the weakness is being attributed to the shadow cast by the Barclay's LIBOR probe. British officials are reportedly investigating multiple large banks for rate manipulation. Deutsche Bank (DB 35.46, -1.75), The Royal Bank of Scotland (RBS 6.49, -0.30) and JPMorgan (JPM 34.54, -1.34) are notable laggards.

Volume is below average so far, and barring any major headlines, it is expected to be a quiet afternoon ahead of tomorrow's June nonfarm payrolls report, which is due before the open at 8:30 ET.DJ30 -25.92 NASDAQ 2.28 SP500 -5.01 NASDAQ Adv/Vol/Dec 1078/705 mln/1338 NYSE Adv/Vol/Dec 1362/290 mln/1621

12:30 pm : Stocks continue to hover near their mid-day highs, with the major averages showing a mixed performance. Technology is outperforming, with the Nasdaq 100 trading higher by 0.2%, vs. a 0.3% decline in the S&P 500. The biggest gainer in the Nasdaq 100 is Netflix (NFLX 80.5, +8.46), which is +13% after the company's CEO said its streaming service had its highest month of content consumption.DJ30 -23.99 NASDAQ +3.88 SP500 -4.69 NASDAQ Adv/Vol/Dec 1068/660 mln/1342 NYSE Adv/Vol/Dec 1361/273 mln/1079

12:00 pm : Stocks are mixed and just off session their session highs.

Financials (XLF 14.60-0.21) are underperforming this session. Part of the weakness is being attributed to the shadow cast by the Barclay's LIBOR probe. British officials are reportedly investigating multiple large banks for rate manipulation. Deutsche Bank (DB 35.46 -41.75), The Royal Bank of Scotland (RBS 6.49 -0.30) and JPMorgan (JPM 34.54-1.34) are notable laggards.

Meanwhile, retails stocks (XRT 60.59 +0.70) are outperforming this session despite seemingly tepid June sales reports this morning. Kohl's (KSS 47.49 +3.23) is up notably despite lower than expected June sales and a muted Q2 outlook. TJX Stores (TJX 44.19 +1.69) hit an all time high this morning after the company reported better than expected June sales and a raised EPS guidance for Q2 and FY13.DJ30 -23.62 NASDAQ +3.95 SP500 -4.12 NASDAQ Adv/Vol/Dec 1075/591 mln/1325 NYSE Adv/Vol/Dec 1371/246 mln/1590

11:25 am : The Dow and S&P 500 inch closer to the unchanged mark while the Nasdaq extends its gains. Small-cap stocks are also outperforming, with the Russell 2000 up 0.1%.

Among large-cap shares, growth stocks are outperforming. The S&P 500 Growth Index is up 0.1% versus a 0.7% decline in the S&P 500 Value Index.DJ30 -19.1 NASDAQ +5.4 SP500 -3.1 NASDAQ Adv/Vol/Dec 1003/403 mln/1324 NYSE Adv/Vol/Dec 1219/178 mln/1610

10:55 am : The major indices have pared much of their losses, led by a recovery in tech stocks.

The Nasdaq Composite is now slightly positive after falling as much as 0.6% in early trading. Heavyweight Apple (AAPL 609.83, +10.38) is contributing to the advance with a gain of 1.7%.DJ30 -36.48 NASDAQ +1.17 SP500 -4.86 NASDAQ Adv/Vol/Dec 862/316 mln/1435 NYSE Adv/Vol/Dec 1037/147 mln/1776

10:30 am : Commodities sold off significantly following ECB rate cut, causing crude oil, gold, silver and copper to hit new session lows.

In the energy space, Aug crude oil climbed as high as $88.98/barrel earlier this morning, but lost steam and began to pull back. Its pullback was extended this morning following ECB rate cut/headlines, causing oil to decline about $2.25/barrel from its morning high to a new Lod at $86.75. Oil has since recovered back above the $87 level and is now 0.6% lower at $86.14/barrel ahead of inventory data, which will be released at 11am EST due to the holiday. Consensus is calling for a draw of 2.3 mln barrels.

July natural gas is trading on its own today and is not seeing the weakness that oil and precious metals are seeing. Nat gas has spent the majority of its session in positive territory and is currently +0.2% at $2.90/MMBtu.

In metals, August gold and July silver are down sharply from its morning highs as gold initially dropped about $27 from its high this morning and silver dropped about $0.88, or over 3%, from its morning high. Gold has recovered above $1600, but is still down 0.8% at $1608.50/oz, while silver has recouped some of its losses, but remains 1.9% lower at $27.75/oz. Sept copper sold off as well, dropping below the $3.50 level and remains near its session low of $3.47, now down 1.7% at $3.48/lb.DJ30 -69.10 NASDAQ -10.14 SP500 -8.19 NASDAQ Adv/Vol/Dec 830/294.0 mln/1439 NYSE Adv/Vol/Dec 1008/143 mln/1791

10:05 am : Equities remain at their lows following a slightly worse than expected ISM services index. The June ISM services index was reported at 52.1, which is slightly below the 53.0 Briefing.com consensus, and a decline from May's 53.7 reading.DJ30 -73.19 NASDAQ -12 SP500 -8.80 NASDAQ Adv/Vol/Dec 716/182 mln/1500 NYSE Adv/Vol/Dec 810/100 mln/1933

09:50 am : The major equity averages are -0.5% following the first fifteen minutes of trade. The ISM services index could lead to additional volatility when it is released at 10:00 ET. It follows a weak ISM index on Monday. DJ30 -66.91 NASDAQ -6.07 SP500 -6.62 NASDAQ Adv/Vol/Dec 835/129 mln/1322 NYSE Adv/Vol/Dec 951/78 mln/1746

09:16 am : [BRIEFING.COM] S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -1.50. Futures continue to point to a modestly lower open. After the open, the ISM services index is due at 10:00 ET, which follows a weak ISM index on Monday. Crude Inventories are due at 11:00 ET. XRTX is the only co scheduled to report earnings tonight.

Keep in mind that the June nonfarm payrolls report is due tomorrow at 8:30 ET.


09:02 am : [BRIEFING.COM] S&P futures vs fair value: -3.00. Nasdaq futures vs fair value: -1.30. A lower open is now expected, with futures unable to hold their initial gains, despite some better-than-expected employment data and central bank easing in Europe and China.

Futures initially gained after China cut interest rates for the second time in a month and the Bank of England expanded its asset purchase program. Then the ECB cut rates by 0.25%. The Bank of England and ECB moves were in-line with expectations, so the biggest surprise this morning was China's rate cut. However, many had expected China to continue to ease, so while the timing may be surprising, the policy move itself isn't.

In U.S. economic data, the June ADP Employment reading helped futures move back into positive territory, as it showed an increase of 176K jobs from May to June on a seasonally adjusted basis. This was much better than the 105K Briefing.com consensus. However, markets saw little reaction to the weekly initial jobless claims reading of 374K, which was better than the 385K Briefing.com consensus. The better than expected data wasn't enough to hold futures up, and they've since moved into negative territory. The ISM services index is due at 10:00 ET, which follows a weak ISM index on Monday.

European markets have also turned negative. Germany's DAX is currently -0.8% while the UK's FTSE is -0.1%. The euro has weakened in the wake of the ECB rate cut and with a lowered growth outlook from ECB President Draghi.

In Asia, China's Shanghai Composite underperformed with a 1.2% decline, while Japan's Nikkei fell 0.3% and Hong Kong's Hang Seng rose 0.5%. Those markets were closed prior to the Chinese rate cut.

Retailers release their June comparable store sales results. So far 14 retailers have missed expectations and six have beat.

08:33 am : [BRIEFING.COM] S&P futures vs fair value: +1.30. Nasdaq futures vs fair value: +2.00. A better-than-expected June ADP Employment reading has helped futures move back into positive territory. According to today's ADP National Employment Report, employment in the nonfarm private business sector rose 176K from May to June on a seasonally adjusted basis. This was much better than the 105K Briefing.com consensus.

Futures have moved back into positive territory on the heels of the ADP data, after trading flat ahead of the release.

Markets have seen little reaction thus far to the weekly initial jobless claims reading of 374K, which was better than the 385K Briefing.com consensus.

08:05 am : [BRIEFING.COM] S&P futures vs fair value: +0.70. Nasdaq futures vs fair value: +0.30. Equity futures are now trading around the flat line after several foreign central banks cut rates. Futures initially gained after China cut interest rates for the second time in a month and the Bank of England expanded its asset purchase program. Then the ECB cut rates by 0.25%. Futures saw an initial spike on the China and Bank of England headlines, and then saw minimal reaction to the ECB rate cut before giving up gains and falling into negative territory. The Bank of England and ECB moves were in-line with expectations, so the biggest surprise this morning was China's rate cut. However, many had expected China to continue to ease, so while the timing may be surprising, the policy move itself isn't.

Futures were flat prior to the central bank activity. It was a quiet day in overseas markets yesterday while the U.S. was closed for the Fourth. Today, European markets are higher after a mixed performance in Asia. Germany's DAX is currently +0.8% while the UK's FTSE is +0.6%. The euro has weakened in the wake of the ECB rate cut.

In Asia, China's Shanghai Composite underperformed with a 1.2% decline, while Japan's Nikkei fell 0.3% and Hong Kong's Hang Seng rose 0.5%. Those markets were closed prior to the Chinese rate cut.

On top of the foreign central bank moves, there is a lot of U.S. economic data to digest this morning. At 8:15 ET the ADP employment change figure will be released. This number will help shape expectations for tomorrow's nonfarm payrolls report. At 8:30 ET, weekly initial jobless claims data will be released. Then at 10:00 ET, the ISM services index is due, which follows a weak ISM index on Monday.

While there are plenty of macro factors for the broader market to respond to this morning, the retail sector will also be of particular interest as retailers release their June comparable store sales results. So far 10 retailers have missed expectations and two have beat.

06:15 am : [BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +3.00.

06:14 am : Nikkei...9079.80...-24.40...-0.30%. Hang Seng...19809.13...+99.40...+0.50%.

06:14 am : FTSE...5696.12...+11.30...+0.20%. DAX...6595.14...+30.30...+0.50%.

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

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

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