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 Post subject: August 27th Monday 2012 Emini TF ($TF_F) points +12.90
PostPosted: Mon Aug 27, 2012 5:45 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: +12.90 points or $1290 dollars in the Russell 2000 Emini TF ($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 #TheStrategyLab chat room. You can read today's #TheStrategyLab 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=107&t=1305.

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 Price Action Analysis via 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 Trade Signal Strategies via 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=167&t=1561

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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 (e.g. Eurozone, MarketWatch.com) that had an impact on today's price action. Simply, I'm a strong believer that key market events causes key changes in supply/demand and volatility resulting in trade opportunities (swing points and strong continuation price actions) that reach profit targets. Thus, I pay attention to these key market events via WRB Analysis from one trade to the next trade to give me the market context before the appearance of my technical analysis trade signals. Therefore, I maintain these archives to allow me to understand what was happening on any given trading day in the past involving key market events to help better understand my trading and reactions to the markets...something I can not get from my broker statements alone.

U.S. Market Wrap

Aug. 27 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks fell, following the first weekly decline in about two months for the Standard & Poor’s 500 Index, as investors awaited indications on whether the Federal Reserve will provide further stimulus measures.

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Market Update

4:15 pm : Equities began today's session on a positive note before retreating to the unchanged line. As the European markets closed for the day, U.S. stocks lifted to session highs, but the gains did not hold into the close. As a result, the S&P 500 finished flat on low volume while the Dow shed 0.3%.

Technology stocks outperformed the broader market with Apple (AAPL 675.68, +12.45) advancing 1.9% after the tech giant won its patent battle against Samsung. Apple's competitor, and the maker of Android operating software, Google (GOOG 669.22, -9.41) slid 1.4% after the verdict. Elsewhere, Universal Display (PANL 39.26, -3.47), which has a partnership agreement with Samsung, fell 8.1% as investors showed concern over the impact of the Apple ruling on the maker of organic LED screens. The selling may have been excessive as Wedbush Securities, Cowen Group, and Goldman Sachs have all come out to defend Universal Display by saying investor concerns are overblown.

Utility stocks were among the session's top performers. Electric distributor Black Hills (BKH 34.13, +0.71) ended higher by 2.1% while Exelon (EXC 37.05, +0.22) added 0.6%. Gas utility companies were also higher with National Fuel Gas (NFG 50.34, +0.39) and WGL Holdings (WGL 40.06, +0.29) advancing near 0.8% each.

Health care stocks traded mostly in-line with the market today. However, the SPDR Health Care Select Sector ETF (XLV 38.78, +0.04) marked a fresh all-time best at $38.94. The ETF was boosted by Bristol-Myers Squibb (BMY 32.89, +0.32), Eli Lilly (LLY 44.59, +0.73), and Unitedhealth Group (UNH 54.61, +0.45) as all three posted gains near 1.5%.

Stocks in the materials space underperformed the broader market. The sector was dragged down by Freeport-McMoRan (FCX 35.65, -0.48) and Dow Chemical (DOW 29.43, -0.46), both of which were down near 1.5%. Meanwhile, Monsanto (MON 86.13, +0.79) advanced 0.9% after announcing a new testing program from the company's Integrated Farming System Platform is set to launch next year.

Multiple mergers and acquisitions were announced today.

Kenexa (KNXA 45.79, +13.40) surged 41.4% after IBM (IBM 195.69, -2.08) agreed to purchase the human resources management software maker for $1.3 billion. IBM will pay $46.00 per share of Kenexa in a transaction which represents a 42.0% premium to Friday's closing price of $32.39.

Hertz Global Holdings (HTZ 14.21, +1.06) jumped 8.1% after announcing the purchase of Dollar Thrifty Automotive Group (DTG 87.08, +6.08). The transaction which has been five years in the making values Dollar Thrifty at $2.3 billion, or $87.50 per share. This represents an 8.0% premium to Friday's closing price of $81.00. In addition, Hertz has announced an agreement to sell its Advantage unit to Franchise Services of North America and Macquarie Capital.

Hudson City Bancorp (HCBK 7.45, +1.01) soared 15.7% after agreeing to be acquired by M&T Bank (MTB 89.82, +3.95) in a $3.7 billion deal. M&T will pay $7.22 per share of Hudson City, representing a 12.0% premium to Friday's close of $6.44.

After rising up to the 200-day moving average over the past two weeks, yields have been on a steady decline. The Treasury complex continues to rally off its August lows with today's one point gain in the long bond dropping the 30-yr yield four basis points to 2.756%. Meanwhile, a more modest advance of 11/32 in the 10-yr lowered the benchmark yield three basis points to 1.647%. Tomorrow's $35 billion, 2-yr auction will be a good gauge of investor demand as it will be the first auction in over two weeks.

Tomorrow's economic releases are limited to the Case-Shiller 20-city Index at 9 AM ET and consumer confidence at 10 AM ET.DJ30 -33.30 NASDAQ +3.40 SP500 -0.69 NASDAQ Adv/Vol/Dec 1228/1.36 bln/1235 NYSE Adv/Vol/Dec 1422/504.3 mln/1571

3:30 pm : Crude oil traded in positive territory in the overnight session as Tropical Storm Isaac posed concerns over production in the Gulf Coast. Strength also came following reports of a fire that shut down an Iraqi crude oil pipeline to Turkey and reports of a refinery explosion in Venezuela.

However, the energy component tumbled over $3.00 into the red as the National Hurricane Center stated that the hurricane is not expected to strengthen past a Category 1 storm. The forecasted reduction of the hurricane's severity took crude's prices down to a session low of $94.41 per barrel.

Crude continued to struggle in negative territory and settled with a 0.6% loss at $95.54 per barrel. Natural gas fell off its session high of $2.74 per MMBtu and trended lower into negative territory. It settled with a 1.9% loss at $2.65 per MMBtu, just above its session low of $2.64 per MMBtu.

Gold dipped to a floor session low of $1668.50 per ounce moments before equity markets opened. However, buyers stepped in and took the yellow metal into positive territory. After trading in a consolidative pattern in afternoon action, gold settled 0.2% higher at $1675.50 per ounce, just below its session high of $1676.00 per ounce.

Silver continued last week's advance. It came off its session low of $30.80 per ounce and later popped to a session high of $31.17 per ounce. Although silver pulled-back slightly heading into the close, it settled 1.3% higher at $31.04 per ounce.DJ30 -19.32 NASDAQ +2.75 SP500 0.48 NASDAQ Adv/Vol/Dec 1184/1101.2 mln/1271 NYSE Adv/Vol/Dec 1412/321 mln/1563

3:00 pm : Equities are maintaining their afternoon levels with the S&P 500 up 0.2%.

After rallying up to the 200-day moving average over the past two weeks, Treasury yields have been on a steady decline since. The complex continues to rally off its August lows with today's 1 point gain in the long bond dropping the 30-yr yield four basis points to 2.756%. Meanwhile, a more modest advance of 12/32 in the 10-yr has lowered the benchmark yield three basis points to 1.647%. Tomorrow's $35 billion, 2-yr auction will be a good gauge of investor demand as it will be the first auction in over two weeks.DJ30 -5.42 NASDAQ +8.23 SP500 +2.40 NASDAQ Adv/Vol/Dec 1240/995.8 mln/1192 NYSE Adv/Vol/Dec 1524/289.2 mln/1417

2:30 pm : Equities have retraced most of their early gains with all three major averages back near the unchanged line.

Telecom stocks are underperforming the broader market as wireless service providers weigh on the sector. Sprint (S 4.82, -0.07), Verizon (VZ 42.57, -0.60), and Windstream (WIN 9.63, -0.10) are all down between 1.0% and 1.4%.DJ30 -8.80 NASDAQ +6.76 SP500 +2.29 NASDAQ Adv/Vol/Dec 1200/913.3 mln/1224 NYSE Adv/Vol/Dec 1520/264.6 mln/1418

2:00 pm : Equities have slipped back near their opening levels as the S&P 500 trades higher by 0.2%.

Health care stocks have traded mostly in-line with the market today. However, the SPDR Health Care Select Sector ETF (XLV 38.82, +0.08) has marked a fresh all-time best at $38.94. The ETF is being boosted by Bristol-Myers Squibb (BMY 32.92, +0.35), Eli Lilly (LLY 44.36, +0.50), and Unitedhealth Group (UNH 54.87, +0.71) as all three trade up near 1.0%.DJ30 -8.71 NASDAQ +6.56 SP500 +2.23 NASDAQ Adv/Vol/Dec 1194/845.4 mln/1214 NYSE Adv/Vol/Dec 1516/244.9 mln/1395

1:30 pm : Equities continue to trade in a narrow afternoon range with the S&P 500 up 0.2%.

Utility stocks began the session flat, but have gained ground into the afternoon. Electric distributor Black Hills (BKH 34.32, +0.90) is higher by 2.7% while Exelon (EXC 37.28, +0.45) is up 1.2%. Gas utility companies are also higher with National Fuel Gas (NFG 50.50, +0.55) and WGL Holdings (WGL 40.15, +0.38) advancing near 1.0% each.DJ30 +6.93 NASDAQ +10.43 SP500 +3.78 NASDAQ Adv/Vol/Dec 1323/775.8 mln/1080 NYSE Adv/Vol/Dec 1643/224.3 mln/1243

1:00 pm : Equities have spent the majority of the morning searching for direction. As the European markets closed, stocks lifted to session highs and have held near those levels since. At midday, the S&P 500 is higher by 0.2% while the Dow is flat.

Technology stocks are outperforming the broader market with Apple (AAPL 676.62, +13.40) higher by 2.1% after the tech giant won its patent battle against Samsung. Apple's competitor and the maker of Android operating software, Google (GOOG 669.21, -9.42) is sliding 1.4% after the verdict. Elsewhere, Universal Display (PANL 39.46, -3.27), which has a partnership agreement with Samsung, is down 7.7% as investors show concern over the impact of the Apple ruling on the maker of organic LED screens. The selling may be excessive as Wedbush Securities, Cowen Group, and Goldman Sachs have all come out to defend the company by saying investor concerns are overblown.

The SPDR Energy Select Sector ETF (XLE 72.38, +0.40) is up 0.6% as the energy sector is being supported by several outperforming names. National Oilwell Varco (NOV 78.79, +1.76) is higher by 2.3% while Halliburton (HAL 34.74, +0.47), Schlumberger Limited (SLB 75.31, +0.72), and BP (BP 42.47, +0.29) are all up near 1.0%.

Stocks in the materials space are underperforming the broader market. The sector is being dragged down by Freeport-McMoRan (FCX 35.66, -0.47) and Dow Chemical (DOW 29.61, -0.28), both of which are down near 1.0%. Meanwhile, Monsanto (MON 86.65, +1.31) is higher by 1.5% after announcing that a new testing program from the company's Integrated Farming System Platform is set to launch next year.

Multiple mergers and acquisitions were announced today.

Kenexa (KNXA 45.86, +13.47) is surging 41.6% after IBM (IBM 196.43, -1.33) agreed to purchase the HR software maker for $1.3 billion. IBM will pay $46 per share of Kenexa in a transaction which represents a 42.0% premium to Friday's closing price of $32.39.

Hertz Global Holdings (HTZ 14.69, +1.54) is up 11.7% after announcing the purchase of Dollar Thrifty Automotive Group (DTG 87.02, +6.02). In a transaction valued at $2.3 billion, Hertz will pay $87.50 for each Dollar Thrifty share, representing an 8.0% premium to Friday's closing price of $81.00. In addition, Hertz has announced an agreement to sell its Advantage unit to Franchise Services of North America and Macquarie Capital.

Hudson City Bancorp (HCBK 7.50, +1.06) agreed to be acquired by M&T Bank (MTB 90.06, +4.19) in a $3.7 billion deal. M&T will pay $7.22 per share of Hudson City, representing a 12.0% premium to Friday's close of $6.44.DJ30 +0.57 NASDAQ +7.28 SP500 +2.82 NASDAQ Adv/Vol/Dec 1293/717.8 mln/1102 NYSE Adv/Vol/Dec 1623/209.2 mln/1262

12:30 pm : Stocks are holding steady just beneath session highs. The Dow is flat as it lags behind the other indices.

The SPDR Energy Select Sector ETF (XLE 72.43, +0.45) is up 0.6% as the energy sector is being supported by several outperforming names. National Oilwell Varco (NOV 78.70, +1.67) is higher by 2.2% while Halliburton (HAL 34.71, +0.44), Schlumberger Limited (SLB 75.32, +0.73), and BP (BP 42.51, +0.32) are all up near 1.0%.DJ30 +0.50 NASDAQ +6.95 SP500 +2.75 NASDAQ Adv/Vol/Dec 1277/644.8 mln/1078 NYSE Adv/Vol/Dec 1577/190.9 mln/1290

12:00 pm : Equities continue to hover near their best levels as the S&P 500 trades up 0.3%.

Stocks in the materials space are underperforming the broader market. The sector is being dragged down by Freeport-McMoRan (FCX 35.76, -0.97) and Dow Chemical (DOW 29.65, -0.22), both of which are down near 1.0%. Meanwhile, Monsanto (MON 86.51, +1.17) is higher by 1.4% after announcing that a new testing program from the company's Integrated Farming System Platform is set to launch next year.DJ30 +3.46 NASDAQ +10.11 SP500 +3.41 NASDAQ Adv/Vol/Dec 1326/575.3 mln/1005 NYSE Adv/Vol/Dec 1637/172.6 mln/1218

11:30 am : As the European markets close, U.S. equities have risen to their session highs with the Nasdaq up 0.5%.

Technology stocks are outperforming the broader market as Apple (AAPL 677.28, +14.06) trades higher by 2.1% after the tech giant won its patent battle against Samsung. Apple's competitor and the maker of Android operating software, Google (GOOG 670.23, -8.40) is sliding 1.3% after the verdict.

Elsewhere, Universal Display (PANL 39.14, -3.59), which has a partnership agreement with Samsung, is down 8.4% as investors show concern over the impact of the Apple ruling on the maker of organic LED screens. The selling may be excessive as Wedbush Securities and Cowen Group have come out to defend the company by saying investor concerns are overblown.DJ30 +9.33 NASDAQ +14.10 SP500 +4.20 NASDAQ Adv/Vol/Dec 1423/512.1 mln/884 NYSE Adv/Vol/Dec 1751/154.4 mln/1070

11:00 am : After erasing their early gains, stocks have slipped to session lows with the S&P 500 holding flat.

Best Buy (BBY 18.49, +1.18) is higher by 6.8% after the company allowed its founder, Richard Schulze, to conduct due diligence as he attempts to acquire the electronics retailer. Per the agreement, Schulze will have 60 days to bring forward an offer.DJ30 -29.31 NASDAQ +2.70 SP500 -0.29 NASDAQ Adv/Vol/Dec 1017/408.4 mln/1246 NYSE Adv/Vol/Dec 1318/125.4 mln/1464

10:35 am : The dollar index has spent most of the morning in negative territory. In more recent trade, the index has been climbing off of its session, which has pushed it back to the unchanged line.

Oct crude oil and Sept natural gas fell sharply in recent trade after preciously showing nice gains, primarily due to Hurricane Issac.

Crude oil fell as much as $3.11/barrel off its session high of $97.52 between 8:30am - 9:40am ET. In current activity, crude has inched off its low and is now -1.3% at $94.95/barrel. Natural gas is now -0.7% at $2.68.

Dec gold and Sept silver were mixed earlier this morning with gold just slightly lower and silver showing nice gains. Gold, overall, has traded in a tight range and is now -0.06% at $1672/oz. Silver has been in positive territory all session and is now +1.1% at $30.95/oz. Sept copper is -0.4% at $3.47/lb.DJ30 -29.85 NASDAQ +5.68 SP500 +0.08 NASDAQ Adv/Vol/Dec 1013/322.9 mln/1184 NYSE Adv/Vol/Dec 1371/108 mln/1372

10:00 am : Stocks have slipped into the red as the Dow is off by 0.2%.

A handful of acquisitions have been announced this morning. In the financial space, Hudson City Bancorp (HCBK 7.50, +1.06) agreed to be acquired by M&T Bank (MTB 90.41, +4.54) in a $3.7 billion deal. M&T will pay $7.22 per share of Hudson City, representing a 12.0% premium to Friday's close of $6.44.DJ30 -28.39 NASDAQ +1.94 SP500 -0.67 NASDAQ Adv/Vol/Dec 918/190.1 mln/1201 NYSE Adv/Vol/Dec 1258/68.5 mln/1396

09:45 am : Equities have slipped to session lows as the S&P 500 is flat.

Kenexa (KNXA 45.73, +13.34) is surging 41.2% after IBM (IBM 198.08, +0.23) agreed to purchase the HR software maker for $1.3 billion. IBM will pay $46 per share of Kenexa in a transaction which represents a 42.0% premium to Friday's closing price of $32.39.DJ30 -26.36 NASDAQ +2.31 SP500 -0.53 NASDAQ Adv/Vol/Dec 949/125.3 mln/1115 NYSE Adv/Vol/Dec 1321/52.5 mln/1269

09:15 am : [BRIEFING.COM] S&P futures vs fair value: +4.50. Nasdaq futures vs fair value: +14.50. Heading into the open, futures remain higher with the S&P 500 up 0.3%.

The SPDR Energy Select Sector ETF (XLE 72.36, +0.38) is worth watching today as Tropical Storm Isaac enters the Gulf of Mexico. The presence of the storm could disturb the region's oil production and cause volatility in shares of energy producers.

Technology stocks will also be in focus after Apple (AAPL 678.83, +15.61) won its patent case against Samsung. The verdict has wide-reaching implications as producers of all smartphones may be affected. Nokia (NOK 3.38, +0.30), Google (GOOG 666.08, -12.55), and Research In Motion (RIMM 7.33, +0.39) all bear watching.

08:58 am : [BRIEFING.COM] S&P futures vs fair value: +4.10. Nasdaq futures vs fair value: +14.00. U.S. futures are higher this morning as the Nasdaq outperforms with a gain of 0.6%.

Hertz Global Holdings (HTZ 15.41, +2.26) is up 17.2% after announcing the purchase of Dollar Thrifty Automotive Group (DTG 86.93, +5.93). In a transaction valued at $2.3 billion, Hertz will pay $87.50 for each Dollar Thrifty share, representing an 8.0% premium to Friday's closing price of $81.00. In addition, Hertz has announced an agreement to sell its Advantage unit to Franchise Services of North America and Macquarie Capital.

08:31 am : [BRIEFING.COM] S&P futures vs fair value: +5.80. Nasdaq futures vs fair value: +17.30. The major Asian bourses finished mostly lower after China's industrial corporate profits fell 5.4% in July, posting their biggest decline of the year. The Shanghai Composite was hit hard on the news, tumbling 1.7%, to register its lowest close since March 2009.

Japan's Nikkei tacked on 0.2%, inching higher on continued hopes of more central bank action. Embattled camera maker Olympus climbed 4.4% on reports it would sell its mobile telecom business for $674 million. Elsewhere, Kansai Electric Power plunged 5.3% after Nikkei reported the company would cancel its dividend payment; however, the company has disputed those claims.

In Hong Kong, the Hang Seng slipped 0.4% as insurance and casino-related names were under pressure. China Life shed 3.5% to lead insurance names to the downside while Galaxy Entertainment slipped 3.3% despite favorable earnings results.

China's Shanghai Composite settled lower by 1.7% as financials and insurance names led to the downside. Ping An Insurance and Citic Bank were among the worst performers in their respective sectors, sliding 4.9% and 0.5% respectively.

European markets are slightly higher in what has been a pretty quiet session so far. Over the weekend, German Chancellor Angela Merkel asked party members to temper down talks of a Greek exit while Bundesbank President Jens Weidmann warned that European Central Bank plan to buy government debt may be illegal and could produce unintended consequences. The region's economic data was limited to a couple points out of Germany where the IFO business climate index slightly missed expectations while the import price index printed in-line. Germany's DAX is up 0.8% while France's CAC is higher by 0.6%. UK's FTSE is closed for the Summer Bank holiday.

In Germany, financials are showing strength as Deutsche Bank leads the index, up 2.6%. In addition, industrial stocks are also higher with ThyssenKrupp advancing by 2.0% after reports indicated the steel maker wants to sell some of its steel plants.

France's CAC is being supported by financial stocks as BNP Paribas, Credit Agricole, and Societe Generale are all up by more than 2.0% each. Consumer stocks are slightly lower as Sanofi is off by 0.6% and Danone is down 0.3%.

07:59 am : [BRIEFING.COM] S&P futures vs fair value: +4.30. Nasdaq futures vs fair value: +14.00. U.S. equity futures are pointing to a slightly higher open with the S&P 500 futures up 0.3%.

The global equity markets are mixed this morning. With the Jackson Hole summit coming up later in the week, speculation regarding possible easing is likely to continue swirling about. Over the weekend, China's Premier stated the need for policies to support exports in order for China to meet its annual targets. Meanwhile, the Chinese press reports that many banks have either tightened or completely cut off credit to steel companies.

European indices are showing little change this morning as most are hovering just above their unchanged lines. Germany's Angela Merkel asked party members to temper down talks of a Greek exit while Bundesbank President Jens Weidmann warned that European Central Bank plans to buy government debt may be illegal and could become addictive. Other reports indicate that Friday's rumored cap to bond buying is unlikely, but more transparency could guide investors to yield objectives. In economic news, German IFO slightly missed expectations while the import price index printed in-line.

While it is a quiet morning in U.S. pre-market, few participants are making news-driven moves.

Immunogen (IMGN 17.00, +3.16) is surging 22.8% after issuing an upbeat update from clinical trials related to the development of a breast cancer treatment.

Nokia (NOK 3.46, +0.38) is higher by 12.0% following the ruling in the Apple (AAPL 681.80, +18.78) versus Samsung patent case. With some Samsung phones being pulled from the market, shares of competitors are trading higher this morning. Elsewhere, Research In Motion (RIMM 7.35, +0.41) is advancing 6.6% on the news.

Tiffany (TIF 62.50, +4.00) is up 6.8% despite missing on earnings and issuing downside guidance.

There is no notable economic data scheduled for release today.

06:18 am : [BRIEFING.COM] S&P futures vs fair value: +3.50. Nasdaq futures vs fair value: +11.00.

06:18 am : Nikkei...9085.39...+14.60...+0.20%. Hang Seng...19798.67...-81.40...-0.40%.

06:18 am : FTSE...Holiday......... DAX...6964.65...-6.40...-0.10%.

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 and http://stocktwits.com/wrbtrader

http://www.thestrategylab.com
Phone: +1 708 572-4885
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