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 Post subject: November 2nd Friday TF, 6E & CL Futures $2520
PostPosted: Fri Nov 02, 2012 12:45 pm 
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Joined: Sat Jan 10, 2009 1:06 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: Emini TF ($TF_F) futures @ $2400.00 dollars or +24.00 points, EuroFX 6E futures @ $0.00 dollars or +0.0000 ticks and Light Crude Oil CL (WTI) futures @ $120.00 dollars or +0.12 points. Total Profit @ $2520.00 dollars.

Russell 2000 Emini TF Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE
Light Crude Oil CL (WTI) Futures: 1 tick or 0.01 = $10.00 dollars and there's more contract information @ CMEGroup
CME EuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @ CMEGroup
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=110&t=1360

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). I'm primarily a day trader because it suits my personal lifestyle but I do occasionally swing trade or position trade.

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=195&t=1654

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Market Summaries

The below summaries by Bloomberg, CNNMoney, Reuters 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 (day trading, swing trading, position trading) and reactions to the markets...something I can not get from my broker statements alone.

U.S. Market Wrap

Nov. 2 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks fell, paring a weekly gain for the Standard & Poor’s 500 Index, after better -than- forecast payrolls failed to keep commodity and technology shares from slumping as Americans prepared to pick a president.

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Market Update

4:20 pm : Today's session started on a higher note after the nonfarm payrolls report exceeded expectations, and pointed to 171,000 jobs added during October. However, the bullish sentiment faded quickly, and the major averages headed into the red. The S&P 500 crossed its flat line 60 minutes into the session and held just below that level for the remainder of the morning. The afternoon brought out additional sellers as the index headed further into negative territory before ending with a loss of 0.9%. The afternoon weakness was largely driven by Apple (AAPL 576.80, -19.74) which lost 3.3%.

Stocks in the materials space saw the biggest weakness. Looking deeper into the sector, packaging and mining stocks underperformed. Rock-Tenn (RKT 67.49, -7.03) slid 9.4% after reporting mixed earnings. During the fourth quarter, the package manufacturer earned $1.39, which was $0.02 better than the Capital IQ consensus estimate. However, RKT's revenue of $2.35 billion was below analyst expectations. The management commented on the past quarter by saying that a containerboard price hike was implemented, and its full effects are not expected to be realized until the end of the March quarter. Peer AptarGroup (ATR 49.49, -3.64) slumped 6.9% after beating revenue estimates and missing on earnings.

Among miners, Newmont Mining (NEM 48.74, -4.48) lost 8.4% after the company's earnings of $0.86 and revenue of $2.48 fell short of the Capital IQ consensus forecast.

Also of note, steel stocks were broadly weaker. Worthington (WOR 21.43, -1.26), and Cliffs Natural Resources (CLF 36.27, -1.45) saw respective losses of 5.6% and 3.8%.

Consumer discretionary stocks outperformed due to strong earnings from several components. Priceline (PCLN 634.74, +48.64) spiked 8.3% after beating on the top and bottom lines. The travel site operator reported earnings of $12.40, which was $0.58 ahead of the Capital IQ consensus estimate. Meanwhile, the third quarter revenue of $1.71 billion represented a 17.4% year-over-year increase, and was ahead of analyst expectations. Regarding the upcoming quarter, the company expects its earnings to be in-line with expectations. Peer TripAdvisor (TRIP 35.12, +5.71) jumped 19.4% after reporting earnings of $0.46, which was $0.04 ahead of the Capital IQ consensus estimate. The company's revenue was in-line with expectations.

Starbucks (SBUX 50.84, +4.22) rose by 9.1% after reporting mixed earnings. During the fourth quarter, the coffee shop operator earned $0.46, which was $0.01 ahead of the Capital IQ consensus estimate. However, the company's revenue of $3.36 billion did not meet expectations. SBUX management said it continues to target roughly 10-13% revenue growth and it plans to open 1,300 new stores during fiscal-year 2013.

Elsewhere, Ralph Lauren (RL 160.75, +1.71) added 1.1% after beating on earnings and revenue. The company reported earnings of $2.45, which was $0.29 better than the Capital IQ consensus estimate. Revenue of $1.86 billion was also ahead of analyst estimates. In addition, the company anticipates third quarter net revenue below consensus.

Looking at social media stocks, Yelp (YELP 20.51, -3.52) slid 14.7% despite beating on earnings. The company's revenue of $36.4 million was in-line with the September preannouncement, and ahead of the Capital IQ consensus estimate. Regarding fourth quarter revenue, the company expects a top line result between $40 and $40.5 million.

OpenTable (OPEN 45.30, -2.06) slipped 4.4% despite beating on the bottom line. The company's earnings of $0.42 were $0.06 better than the Capital IQ consensus forecast while its revenue $39.74 was in-line with expectations. Following the earnings report, The Benchmark Company raised its price target for OPEN to $52 from $49.

One year ago, Groupon (GRPN 3.83, -0.20) began trading as a public company. Today, the stock fell 5.0% and traded at an all-time low.

Focusing on companies which made their public debut today, Restoration Hardware (RH 31.10, +7.10) settled 29.6% above its initial public offering price of $24.

Two energy stocks also began trading publically today. Southcross Energy Partners (SXE 22.35, +2.35) gained 11.8% after its 9-million share IPO was priced at $20, which was in-line with the expected range. Meanwhile, Delek Logistics Partners (DKL 22.35, +1.35) advanced 6.4% after shares priced at $21, which was at the high end of the expected price range.

In today's economic data, nonfarm private payrolls added 184K against the 130K consensus. The unemployment rate was reported at 7.9%, in-line with expectations.

Hourly earnings were unchanged while the expectations called for an uptick of 0.2%. Meanwhile, the average workweek was reported at 34.4, which was slightly lower than the 34.5 expected by the Briefing.com consensus.

Week in Review: Hurricane Sandy Cancels Two Days of Trade

On Monday and Tuesday, the New York Stock Exchange was closed due to Hurricane Sandy.

Wednesday's session started on a strong note. However, the bullish sentiment failed to hold as major averages began sliding off their highs shortly after the open. The key indices then marked their respective lows in the early afternoon before rallying in the final hour to finish mixed. The S&P 500 finished flat, while Nasdaq lost 0.4%. OPNET Technologies (OPNT 41.71, -0.04) surged 31.0% after entering into a definitive agreement to be acquired by Riverbed Technology (RVBD 18.90, +0.10). Per the agreement, Riverbed will pay $43 per share, representing a 34.0% premium to OPNET's Friday closing price.

On Thursday, equities began the day with a bullish sentiment as the three major averages spent the first 90 minutes on a steady upward climb. After reaching session highs, the S&P 500 leveled off and held its gains into the afternoon before ending with a gain of 1.1%. However, the biggest tech component, Apple (AAPL 576.80, -19.74), underperformed with a gain of just 0.2%.DJ30 -139.46 NASDAQ -37.93 SP500 -13.39 NASDAQ Adv/Vol/Dec 662/1.77 bln/1779 NYSE Adv/Vol/Dec 908/793.1 mln/2123

3:30 pm : Crude oil and precious metals tumbled deeper into negative territory as the dollar index picked up momentum following strong nonfarm payroll data. Crude oil fell off its session high of $86.93 per barrel and inched lower as pit trade progressed. It booked a 1.6% loss for the week as it closed at $84.90 per barrel, or just above its session low of $84.80 per barrel.

Gold fell off its floor session high of $1708.90 per ounce and continued to decline as the session progressed. It eventually settled at $1675.40 per ounce, booking a loss of 2.1% for the week. Silver slid off its session high of $32.04 per ounce and continued to trend lower. It eventually settled with a 3.7% weekly loss at $30.86 per ounce, just above its session low of $30.82 per ounce. Both gold and silver settled at their lowest levels in two months.

Natural gas also plunged deeper into the red. It gave up its pit session high of $3.67 per MMBtu and fell as low as $3.54 per MMBtu. It closed at $3.55 per MMBtu for a weekly loss of 4.6%.DJ30 -136.84 NASDAQ -31.92 SP500 -12.16 NASDAQ Adv/Vol/Dec 674/1455.2 mln/1764 NYSE Adv/Vol/Dec 887/504 mln/2119

3:00 pm : During the past 30 minutes, the S&P 500 slipped further into the red and is now lower by 0.6%. Shares of Apple (AAPL 581.93, -14.61) are leading the decline as the stock trades near its session low, down 2.5%.

Next week will bring the last heavy dose of third quarter earnings. On Monday, more than 40 companies are scheduled to report their results before the open. Humana (HUM 75.76, -0.18) is one of the names expected to report. The Capital IQ consensus expects the insurer to report earnings of $2.05 on $9.86 billion in revenue.

Sysco Corporation (SYY 31.51, -0.06) will also report. The food wholesaler is expected to announce earnings of $0.51 on revenue of $11.15 billion.

Other notable names scheduled for Monday morning include, Sohu.com (SOHU 39.89, -0.09), Tesla Motors (TSLA 29.35, +0.10), and Time Warner Cable (TWC 98.77, +0.03).DJ30 -103.51 NASDAQ -25.07 SP500 -8.81 NASDAQ Adv/Vol/Dec 694/1.29 bln/1713 NYSE Adv/Vol/Dec 953/448.7 mln/2043

2:30 pm : The major averages are hovering near their freshly set lows as the S&P 500 trades down 0.4%.

One year ago, Groupon (GRPN 3.73, -0.30) began trading as a public company. Today, the stock is down 7.4% as it trades at an all-time low.

Looking at companies which made their public debut today, Restoration Hardware (RH 31.94, +7.94) trades 33.1% above its initial public offering price of $24.

Two energy stocks also began trading publically today. Southcross Energy Partners (SXE 22.50, +2.50) is higher by 12.5% after its 9-million share IPO was priced at $20, which was in-line with the expected range. Meanwhile, Delek Logistics Partners (DLK 22.89, +1.89) is advancing 9.0% after shares priced at $21, which was at the high end of the expected price range.DJ30 -83.41 NASDAQ -19.99 SP500 -6.73 NASDAQ Adv/Vol/Dec 776/1.18 bln/1632 NYSE Adv/Vol/Dec 999/408.9 mln/1974

2:05 pm : The S&P 500 has marked a fresh low and is currently down 0.4%.

With crude oil trading lower by 2.2% the energy sector is seeing broad weakness today. Coal stocks are lagging, but Alpha Natural Resources (ANR 9.10, +0.24) is a notable standout as it outperforms its peers. The stock trades higher by 2.5% after the company reported mixed earnings. During the third quarter, the coal producer saw a loss of $0.16, which was $0.28 better than the Capital IQ consensus estimate. However, the company's revenue of $1.63 billion fell short of estimates.

Elsewhere, Chesapeake Energy (CHK 18.68, -1.39) is sliding 6.9% despite beating on earnings and revenue. During the conference call management said that 2012 year end debt reduction targets may slip into early 2013 as closings for deals may also be pushed into that time frame.DJ30 -84.70 NASDAQ -18.80 SP500 -6.84 NASDAQ Adv/Vol/Dec 763/1.09 bln/1632 NYSE Adv/Vol/Dec 976/379.5 mln/1973

1:35 pm : The Dow continues to trade near its session low, and is currently off by 0.4%.

The Dow Jones Transportation Average is down 0.5% as it underperforms the remaining industrials. Shipper Kirby (KEX 57.86, -1.51), which replaced Overseas Shipholding Group (OSG 1.28, +0.10) in the 20-stock complex, is the biggest laggard, down 2.5%.

With most transportation stock declining, two trucking companies are seeing relative strength. Con-way (CNW 27.83, +0.33) and JB Hunt (JBHT 58.88, +0.28) are up 1.2% and 0.5%, respectively.DJ30 -42.39 NASDAQ -10.29 SP500 -2.27 NASDAQ Adv/Vol/Dec 859/987.9 mln/1509 NYSE Adv/Vol/Dec 1143/345.5 mln/1794

1:00 pm : Equities began the session on a higher note after today's nonfarm payrolls report exceeded expectations, and pointed to 171,000 jobs added during October. However, the early gains did not hold as the major averages began declining shortly after the open. The S&P 500 slid to a session low near the 1,424 level and has remained near that area since. At midday, the index is off by 0.1%.

Stocks in the materials space are seeing the biggest weakness today. Looking deeper into the sector, packaging and mining stocks are underperforming. Rock-Tenn (RKT 68.57, -5.94) is sliding 8.0% after reporting mixed earnings. During the fourth quarter, the package manufacturer earned $1.39, which was $0.02 better than the Capital IQ consensus estimate. However, RKT's revenue of $2.35 billion was below analyst expectations. The management commented on the past quarter by saying that a containerboard price hike was implemented, and its full effects are not expected to be realized until the end of the March quarter. Peer AptarGroup (ATR 49.73, -3.40) is slumping 6.4% after beating revenue estimates and missing on earnings.

Among miners, Newmont Mining (NEM 50.02, -3.20) is losing 6.0% after the company's earnings of $0.86 and revenue of $2.48 fell short of the Capital IQ consensus forecast.

Also of note, steel stocks are broadly weaker. Worthington (WOR 21.76, -0.93), and Cliffs Natural Resources (CLF 36.77, -0.95) are seeing respective losses of 4.1% and 2.5%. ArcelorMittal (MT 15.26, +0.04) is an outperformer as it trades higher by 0.2%.

A handful of luxury retailers are gaining on strong earnings. Ralph Lauren (RL 162.38, +3.34) is adding 2.1% after beating on earnings and revenue. The company reported earnings of $2.45, which was $0.29 better than the Capital IQ consensus estimate. Revenue of $1.86 billion was also ahead of analyst estimates. In addition, the company anticipates third quarter net revenue below consensus.

Blue Nile (NILE 41.13, +1.54) is advancing 3.9% after beating on earnings and revenue. In addition, the jewelry retailer guided fourth quarter earnings and revenue guidance above consensus.

Other luxury retailers are mixed. Macy's (M 40.90, +0.38) is adding 0.9% while Steve Madden (SHOO 43.56, -1.41) is down 3.2%.

Looking at social media stocks which reported earnings after yesterday's close, Yelp (YELP 21.39, -2.64) is sliding 11.0% despite beating on earnings. The company's revenue of $36.4 million was in-line with the September preannouncement, and ahead of the Capital IQ consensus estimate. Regarding fourth quarter revenue, the company expects a top line result between $40 and $40.5 million.

Elsewhere, OpenTable (OPEN 44.91, -2.45) is slipping 5.2% despite beating on the bottom line. The company's earnings of $0.42 were $0.06 better than the Capital IQ consensus forecast while its revenue $39.74 was in-line with expectations. Following the earnings report, The Benchmark Company raised its price target for OPEN to $52 from $49.

Lastly, LinkedIn (LNKD 107.88, +1.03) is higher by 1.0% after beating on earnings and revenue.

Nonfarm private payrolls added 184K against the 130K consensus. The unemployment rate was reported at 7.9%, in-line with expectations.

Hourly earnings were unchanged while the expectations called for an uptick of 0.2%. Lastly, average workweek was reported at 34.4, which was slightly lower than the 34.5 expected by the Briefing.com consensus.DJ30 -37.41 NASDAQ -8.23 SP500 -1.84 NASDAQ Adv/Vol/Dec 862/904.5 mln/1509 NYSE Adv/Vol/Dec 1115/318.3 mln/1795

12:30 pm : The key indices have shown little change in recent trade and the S&P 500 is lower by 0.1%.

Homebuilder stocks are seeing weakness today and the SPDR S&P Homebuilders ETF (XHB 26.72, -0.11) is slipping 0.4%. Among individual builder stocks, DR Horton (DHI 21.56, -0.28) and MDC Holdings (MDC 38.82, -1.74) are seeing respective losses of 1.3% and 4.3%.

Home improvement stocks listed in the homebuilders ETF are extending their post-hurricane gains. Home Depot (HD 62.85, +0.59) is higher by 1.0% and Lowe's (LOW 33.52, +0.56) is advancing 1.7%.DJ30 -28.47 NASDAQ -7.72 SP500 -1.43 NASDAQ Adv/Vol/Dec 848/819.6 mln/1500 NYSE Adv/Vol/Dec 1138/292.9 mln/1760

12:00 pm : The major averages continue to hover near their respective lows and the S&P 500 is off by 0.2%.

Stocks in the materials space are seeing the biggest weakness today. Looking deeper into the sector, packaging and mining stocks are underperforming.

Rock-Tenn (RKT 69.29, -5.24) is sliding 7.0% after reporting mixed earnings. During the fourth quarter, the package manufacturer earned $1.39, which was $0.02 better than the Capital IQ consensus estimate. However, RKT's revenue of $2.35 billion was below analyst expectations. The management commented on the past quarter by saying that a containerboard price hike was implemented, and its full effects are not expected to be realized until the end of the March quarter. Peer AptarGroup (ATR 49.71, -3.42) is slumping 6.4% after beating on revenue and missing on earnings.

Among miners, Newmont Mining (NEM 50.00, -3.22) is losing 6.1% after the company's earnings of $0.86 and revenue of $2.48 fell short of the Capital IQ consensus forecast.

Also of note, steel stocks are broadly weaker. Worthington (WOR 21.74, -0.95), and Cliffs Natural Resources (CLF 36.50, -1.22) are seeing respective losses of 4.1% and 3.2%. ArcelorMittal (MT 15.22, 0.00) is an outperformer as it trades flat.DJ30 -39.43 NASDAQ -10.05 SP500 -2.25 NASDAQ Adv/Vol/Dec 806/751.8 mln/1517 NYSE Adv/Vol/Dec 1093/270.2 mln/1812

11:35 am : The major averages are holding their recent levels and the S&P 500 is lower by 0.2%.

Looking at social media stocks which reported earnings after yesterday's close, Yelp (YELP 21.15, -2.88) is sliding 12.0% despite beating on earnings. The company's revenue of $36.4 million was in-line with the September preannouncement, and ahead of the Capital IQ consensus estimate. Regarding fourth quarter revenue, the company expects a top line result between $40 and $40.5 million.

Elsewhere, OpenTable (OPEN 45.95, -1.41) is slipping 3.0% despite beating on the bottom line. The company's earnings of $0.42 were $0.06 better than the Capital IQ consensus forecast while its revenue $39.74 was in-line with expectations. Following the earnings report, The Benchmark Company raised its price target for OPEN to $52 from $49.

Lastly, LinkedIn (LNKD 108.40, +1.55) is higher by 1.5% after beating on earnings and revenue.DJ30 -41.47 NASDAQ -8.53 SP500 -2.37 NASDAQ Adv/Vol/Dec 824/654.6 mln/1475 NYSE Adv/Vol/Dec 1071/239.4 mln/1804

11:00 am : After falling into negative territory, the major averages are holding near their respective lows. The S&P 500 is off by 0.1%.

A handful of luxury retailers are gaining on strong earnings.

Ralph Lauren (RL 161.89, +2.85) is higher by 1.8% after beating on earnings and revenue. The company reported earnings of $2.45, which was $0.29 better than the Capital IQ consensus estimate. Revenue of $1.86 billion was also ahead of analyst estimates. In addition, the company anticipates third quarter net revenue below consensus.

Blue Nile (NILE 41.85, +2.26) is advancing 5.7% after beating on earnings and revenue. In addition, the jewelry retailer guided fourth quarter earnings and revenue guidance above consensus.

Other luxury retailers are mixed. Macy's (M 40.80, +0.28) is adding 0.7% while Steve Madden (SHOO 43.94, -1.04) is down 2.3%.DJ30 -50.45 NASDAQ -7.85 SP500 -2.74 NASDAQ Adv/Vol/Dec 774/535.2 mln/1488 NYSE Adv/Vol/Dec 1034/202.7 mln/1810

10:35 am : Commodities have sold off sharply in recent trade, falling to new session lows. Crude oil has been in the red all session and sold off about $1.50/barrel in recent and just fell to a new session low of $85.53/barrel.

Gold, silver, copper and natural gas all just hit new session lows as well in recent action. In current trade, Dec crude oil is -1.5% at $85.77/barre;, Dec natural gas is -2.2% at $3.62/MMBtu.

In precious metals, Dec gold is -1.6% at $1687.60/oz and Dec silver is -2.5% at $31.44/oz. Dec copper is -1.5% at $3.50/lb.DJ30 -28.68 NASDAQ -4.22 SP500 +0.10 NASDAQ Adv/Vol/Dec 784/404.2 mln/1448 NYSE Adv/Vol/Dec 1111/169 mln/1698

10:00 am : The major averages have surrendered the bulk of their opening gains. The Dow and Nasdaq are hovering near their respective flat lines while the S&P 500 is higher by 0.2%.

September factory orders showed an increase of 4.8%, which was better than the Briefing.com consensus of a 4.5% increase. Today's reading follows last month's 5.2% decrease.DJ30 +2.47 NASDAQ +1.05 SP500 +2.89 NASDAQ Adv/Vol/Dec 936/236.9 mln/1197 NYSE Adv/Vol/Dec 1388/112.5 mln/1332

09:45 am : Equities have slipped off their early highs, but the S&P 500 remains firmer by 0.2%.

The consumer discretionary sector is a notable outperformer as it trades higher by 1.0%. The strength is resulting from strong earnings reported by a handful of names.

Priceline (PCLN 649.36, +62.90) is spiking 10.8% after beating on the top and bottom lines. The travel site operator reported earnings of $12.40, which was $0.58 ahead of the Capital IQ consensus estimate. Meanwhile, the third quarter revenue of $1.71 billion represented a 17.4% year-over-year increase, and was ahead of analyst expectations. Regarding the upcoming quarter, the company expects its earnings to be in-line with expectations.

Meanwhile, Starbucks (SBUX 51.07, +4.55) is higher by 9.5% after reporting mixed earnings. During the fourth quarter, the coffee shop operator earned $0.46, which was $0.01 ahead of the Capital IQ consensus estimate. However, the company's revenue of $3.36 billion did not meet expectations. SBUX management said it continues to target roughly 10-13% revenue growth and it plans to open 1,300 new stores during fiscal-year 2013.

September factory orders will top-off today's economic data, and the report is scheduled to come through at 10:00 ET.DJ30 +11.13 NASDAQ +1.65 SP500 +3.21 NASDAQ Adv/Vol/Dec 1029/158.3 mln/1039 NYSE Adv/Vol/Dec 1543/84.9 mln/1120

09:03 am : [BRIEFING.COM] S&P futures vs fair value: +7.50. Nasdaq futures vs fair value: +11.80. U.S. equity futures are holding their pre-market gains and the S&P 500 is higher by 0.5%.

The major Asian averages ended mostly higher, taking their cues from yesterday's strong gains on Wall Street. The latest Bank of Japan minutes showed the central bank is prepared to continue easing to end its long bout with deflation. Some concerns are growing in the marketplace that the central bank is losing its independence as political figures attempt to sway policy. The central bank did note it expects exports to be weak into next year as China, Europe, and the U.S. all struggle with slow growth environments. Elsewhere, Vietnam's Ho Chi Minh Index plummeted 3.3% after the Chairman of Sacombank stepped down, causing financials to see heavy selling. Data out overnight showed Australia post a tamer than expected PPI reading (0.6% quarter-over-quarter actual v. 1.0% expected) and Thailand's consumer confidence tick up to 68.1 (67.5 previous).

In Japan, the Nikkei closed higher by 1.2% as a weak yen aided exporters. Nissan Motor and Honda Motor saw gains of 2.1% and 3.3% respectively. Meanwhile, electronics maker Sharp slipped 2.4% after warning its ability to survive may be in question.

Hong Kong's Hang Seng finished with a gain of 1.3% to end at a 15-month high. Real Estate names continued their recent strength with China Resources Land tacking on 5.0%. Elsewhere, casino giant Sands China surged 6.4% after posting strong quarterly results. Galaxy Entertainment and SJM Holdings piggybacked the move with respective gains of 7.6% and 6.1% respectively.

China's Shanghai Composite added 0.6% as shares rallied for a fourth session. Property names outperformed with Poly Real Estate climbing 1.1%.

European markets are seeing gains after U.S. nonfarm payrolls exceeded expectations. October Manufacturing PMI data was revised upward in both Germany and France, but the market reaction was muted. On the downside, Italian and Spain's PMI readings fell short of expectations. Elsewhere, the Financial Times reported that share buybacks by European companies have slid to their lowest levels in three years.

In the United Kingdom, the FTSE is adding 0.3%. Insurer Admiral Group is the worst index performer. The stock is down 5.3% after the company reported a year-over-year revenue decrease. However, other financials are seeing strength. Aberdeen Asset Management and Hargreaves Lansdown are up 2.2% and 2.1%, respectively.

France's CAC is higher by 0.4% and electrical equipment manufacturer Schneider Electric is leading the way, up 1.9%. Alcatel-Lucent is down 7.4% as the company is considering asset sales to improve its capital position. Note that the stock is currently trading near a 23-year low.

In Germany, the DAX is up 0.5%. Carmakers are seeing strength as BMW and Daimler trade higher by 2.5% and 1.6%, respectively. On the downside, Deutsche Telekom is sliding 3.4% after losing an appeal to reverse a damage award to Telgate.

08:34 am : [BRIEFING.COM] S&P futures vs fair value: +6.50. Nasdaq futures vs fair value: +8.30. Equity futures have seen a positive initial reaction to the October employment data. The S&P 500 futures are higher by 0.4%.

Nonfarm payrolls came in at 171K versus the 125K Briefing.com consensus. The prior reading was revised up to 148K from 114K. Nonfarm private payrolls added 184K against the 130K consensus. The unemployment rate was reported at 7.9%, in-line with expectations.

Hourly earnings were unchanged while the expectations called for an uptick of 0.2%. Lastly, average workweek was reported at 34.4, which was slightly lower than the 34.5 expected by the Briefing.com consensus.

08:00 am : S&P futures vs fair value: -0.20. Nasdaq futures vs fair value: +3.80. U.S. equity futures are flat ahead of the highly-anticipated nonfarm payrolls report and the unemployment rate. The data points are scheduled to be released at 8:30 ET and the Briefing.com consensus calls for the two figures to come in at 125,000 and 7.9%, respectively.

Overnight, the Asian markets took the lead from Wall Street. Japan's Nikkei and Hong Kong's Hang Seng opened higher, and held those levels before ending with respective gains of 1.2% and 1.3%. Dovish comments from the Bank of Japan's minutes also helped support the markets. Meanwhile, Goldman lowered its 2012 GDP forecast for Japan to +0.9% from +1.9% prior. Elsewhere, China's Shanghai underperformed and rose by 0.6%. According to the China Securities Journal, the People's Bank of China will lower the interest rates for qualified small financial companies. In addition, a China Daily report suggested a State Council researcher feels exports in 2013 could be worse than 2012, citing weak global demand. Also of note, electronics manufacturer Sharp said that there is "material doubt" about the company's ability to survive.

In Europe, October Manufacturing PMI data was revised upward in both Germany and France, but the market reaction was muted. On the downside, Italian and Spain's PMI readings fell short of expectations. Elsewhere, the Financial Times reported that share buybacks by European companies have slid to their lowest levels in three years. Regional indices are seeing slim losses as France's CAC is down 0.2% while Germany's DAX and UK's FTSE are both lower by 0.1%.

In U.S. corporate news, Starbucks (SBUX 50.15, +3.53) is higher by 7.6% after reporting mixed earnings. During the fourth quarter, the coffee shop operator earned $0.46, which was $0.01 ahead of the Capital IQ consensus estimate. However, the company's revenue of $3.36 billion did not meet expectations. SBUX management said it continues to target roughly 10-13% revenue growth and it plans to open 1,300 new stores during fiscal-year 2013.

Priceline (PCLN 650.00, +63.90) is spiking 10.9% after beating on the top and bottom lines. The travel site operator reported earnings of $12.40, which was $0.58 ahead of the Capital IQ consensus estimate. Meanwhile, the third quarter revenue of $1.71 billion represented a 17.4% year-over-year increase, and was ahead of analyst expectations. Regarding the upcoming quarter, the company expects its earnings to be in-line with expectations.

TripAdvisor (TRIP 34.70, +5.29) is jumping 18.0% after reporting earnings of $0.46, which was $0.04 ahead of the Capital IQ consensus estimate. The company's revenue was in-line with expectations.

As mentioned before, today's economic data spotlights employment as October nonfarm payrolls, nonfarm private payrolls, unemployment rate, hourly earnings, and average workweek will all be announced at 8:30 ET. In addition, September factory orders will be reported at 10:00 ET.

06:44 am : [BRIEFING.COM] S&P futures vs fair value: flat. Nasdaq futures vs fair value: +4.50.

06:44 am : Nikkei...9051.22...+104.40...+1.20%. Hang Seng...22111.33...+289.50...+1.30%.

06:44 am : FTSE...5863.10...+1.20...0.00. DAX...7334.45...-0.20...0.00.

Special thanks to Bloomberg, CNNMoney, Reuters 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

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