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 Post subject: April 1st Monday Trade Results - Profit $2330
PostPosted: Mon Apr 01, 2013 10:51 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
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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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040113-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+2330.00.png
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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 @ $2330.00 dollars or +23.30 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points, EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks and Emini ES ($ES_F) futures @ $0.00 dollars or +0.00 points. Total Profit @ $2330.00 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
Gold GC Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ CMEGroup
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 about each one of my trades from entry to exit (e.g. time, price, contract size) 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=116&t=1473

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 and 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=207&t=1794

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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 in many trading instruments I monitor during the trading day. 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, intermarket analysis (e.g. Forex EurUsd, EuroFX 6E futures, Gold GC futures, Light Crude Oil (WTI) CL & Brent Oil futures, Eurex DAX futures, Euronext FTSE100 futures, Emini ES futures, Emini TF futures, Treasury ZB futures and U.S. Dollar Index futures) while using 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 trade decisions (day trading, swing trading, position trading)...something I can not get from my broker statements alone.

Stock Rally Stalls On Weak Manufacturing Data

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

NEW YORK (CNNMoney)
After an epic start to the first quarter, the second quarter started with a whimper. Stocks pulled back Monday following an underwhelming report on U.S. manufacturing.

The Dow Jones Industrial Average closed down slightly, while the S&P 500 and the Nasdaq lost between 0.5% and 0.9%.

Still, investors said this mild sell-off wasn't necessarily representative of broader pessimism about stocks or the economy. Several traders said it didn't take much to move the needle Monday, as volumes were extremely light following the holiday weekend.

"So many people are still out today that stocks are getting pushed around with very little buying or selling," said Sam Ginzburg, head of trading at First NY Securities.

All three indexes are still up between 7% and 11% for the year.

The Institute for Supply Management's monthly manufacturing index for March came in at 51.3. That was lower than estimates of 54.0 and also below its February reading.

* CNNMoney's Hot Stocks: Snapshots of the top 10 most looked-up tickers

Meanwhile, data on construction spending from the Census Bureau came in above expectations.

U.S. stocks wrapped up a stellar first quarter Thursday, with the S&P 500 finally joining the Dow in hitting a new high. U.S. markets were closed on Good Friday.

* Stock rally may lose steam

Traders didn't have too much in the way of new developments to focus on Monday. China released data Monday that indicated an acceleration in manufacturing activity. Separately, Beijing and Shanghai announced new measures designed to cool housing prices.

Asian markets closed lower. The Nikkei dropped 2.1% while the Shanghai Composite declined 0.1%.

* Fear & Greed Index stays greedy

Markets in London, Frankfurt, Paris and Hong Kong were closed Monday for an extended Easter holiday.

What's moving: Tesla Motors (TSLA) jumped 16%, after the electric car maker said it expects to achieve its first-ever quarterly profit based on strong sales of its all-electric Model S.

Shares of eBay (EBAY, Fortune 500) rose nearly 3% after analysts raised price targets on the online retailer.

Apple (AAPL, Fortune 500) dropped, continuing a slide for the once-hot stock this year. Meanwhile, shares of Blackberry (BBRY) jumped 5% as investors continued to bet that fortunes were turning around for the smartphone maker .

Shares of the major health insurers, including Aetna (AET, Fortune 500), Humana (HUM, Fortune 500), and Health Net (HNT, Fortune 500), popped in the final minutes of trading on anticipation of a report that the federal government would approve a plan to increase rates paid to insurers under Medicare Advantage. The government had originally planned to cut rates next year. Aetna, Humana and UnitedHealth (UNH, Fortune 500) all moved even higher in after hours trading.

The dollar gained ground against the euro and British pound but fell against the Japanese yen.

Oil prices fell, while gold prices edged slightly higher.

The price on the 10-year Treasury rose slightly, pushing the yield down to 1.84% from 1.85%.

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4:10 pm : The major averages ended near their lows, and the S&P 500 lost 0.5%.

With European markets shuttered for Easter Monday, equities saw little change at the start of today's session. However, that changed quickly once the March ISM Index was reported below expectations. The Index was reported at 51.3, which was its lowest reading since December, and it sent the major averages to their lows with cyclical sectors pacing the decline.

In addition to the disappointing ISM report, weaker-than-expected manufacturing PMI readings out of China and a cautious Tankan Survey reported in Japan put growth concerns back on the minds of investors.

Those concerns were reflected by the weakness of industrials and materials. The two growth-oriented sectors finished as the weakest performers with industrials registering the widest decline.

The SPDR Industrial Select Sector ETF (XLI 41.25, -0.51) fell 1.2%. Transportation-related stocks did their part in pressuring the space as the Dow Jones Transportation Average ended lower by 1.5%.

All 20 stocks comprising the Transportation Average settled in the red, and truckers were among the weakest performers. Ryder System (R 58.67, -1.08) and Landstar (LSTR 55.71, -1.38) saw respective losses of 1.8% and 2.4%.

Elsewhere, producers of basic materials saw an extension of their recent softness. The SPDR Materials Select Sector ETF (XLB 38.84, -0.34) ended lower by 0.9%, which trimmed its year-to-date gain to 3.2%. Note that the materials sector has been the worst performing group so far in 2013.

On a related note, copper continued showing weakness with its price sliding 0.9% to $3.372 per pound. The metal, widely considered to be a global economic bellwether, ended today's session at levels last seen in August of last year.

The technology sector also ended among today's biggest declines. Large cap tech names saw mixed performance but the largest sector component, Apple (AAPL 428.91, -13.75), fell 3.1%. Also of note, high-beta chipmakers lagged notably and the PHLX Semiconductor Index dropped 2.0%.

On the upside, defensive sectors saw slimmer losses than the broader market with telecom services ending in positive territory due to the relative strength of AT&T (T 37.25, +0.56).

With equities ending near their lows, the CBOE Volatility Index (VIX 13.62, +0.92) settled near its highest level of the day. The near-term volatility climbed over 7.0%, suggesting downside protection received some buying interest during today's session.

Looking back at the final sector performance, industrials (-1.1%), technology (-1.0%), materials (-1.0%) and consumer discretionary (-0.8%) all trailed behind the broader market. Meanwhile, telecom (+0.8%), health care (+0.2%), and consumer staples (UNCH) outperformed.

Today's volume represented the third lowest total of the year as 575 million shares changed hands on the floor of the New York Stock Exchange.

Reviewing today's economic data, construction spending rose 1.1% in February after falling 2.1% in January. The Briefing.com consensus expected construction spending to rise 0.9%. Private construction spending increased 1.3% after declining 3.1% in January. Public spending increased 0.9%, up from a 0.2% gain in January.

The ISM Manufacturing Index dropped to 51.3 in March from 54.2 in February (Briefing.com consensus 54.0). That was the first drop since November, and should not have been too surprising given the mixed March regional manufacturing surveys. New order levels softened as the related index fell from 57.8 in February to 51.4 in March. In addition, order backlogs also weakened, from 55.0 to 51.0.

In tomorrow's economic data, February factory orders will be reported at 10:00 ET and automakers will be reporting their March sales throughout the day.DJ30 -5.69 NASDAQ -28.35 SP500 -7.02 NASDAQ Adv/Vol/Dec 668/1.43 bln/1775 NYSE Adv/Vol/Dec 916/575.0 mln/2089

3:25 pm : May crude oil spent the session in a narrow range, sliding to its lows following the release of a disappointing March ISM Index. However, after marking its lowest level of the session in late-morning trade, the energy component climbed steadily to end with a loss of $0.15 or 0.1%. Crude oil settled at $97.07/barrel.

A quiet session saw May natural gas notch its lows at $3.94/MMBtu before climbing back to its flat line and ending the session unchanged at $4.02/MMBtu.

After sliding to its lows at the open, June gold was able to reclaim just a portion of its earlier losses before ending with a loss of $5.70 or 0.4% at $1600.90.

May silver fell to its lows after the open, and spent the remainder of action hovering near those levels. Silver ended lower by $0.39 or 1.3% at $27.94.DJ30 -30.33 NASDAQ -34.08 SP500 -9.12 NASDAQ Adv/Vol/Dec 580/1.14 bln/1872 NYSE Adv/Vol/Dec 797/372.2 mln/2190

3:00 pm : Equities began the day on a quiet note but a disappointing March ISM Index caused the major averages to slide to their lows. The growth concerns reflected by the ISM index were echoed by cautious data from China and Japan, which caused the underperformance of industrials and materials.

The industrial sector remains as the weakest performer and the SPDR Industrial Select Sector ETF (XLI 41.26, -0.49) is down 1.2%.

As stocks trade near their lows, the CBOE Volatility Index (VIX 13.72, +1.02) hovers near its best level of the day.DJ30 -20.23 NASDAQ -27.31 SP500 -7.33 NASDAQ Adv/Vol/Dec 654/1.03 bln/1784 NYSE Adv/Vol/Dec 887/335.1 mln/2104

2:25 pm : Quiet afternoon trade continues with the S&P 500 off by 0.4%. Although industrials and materials continue to weigh on the broader market, the consumer staples sector has climbed into positive territory during recent trade. The defensive group is receiving some support from Wal-Mart (WMT 75.71, +0.88) as the retailer trades higher by 1.2%.

Notably, while the broader market trades with modest losses, the Russell 2000 is seeing considerable weakness. The small cap index trades lower by 1.3%.DJ30 -23.33 NASDAQ -25.60 SP500 -7.09 NASDAQ Adv/Vol/Dec 653/960.1 mln/1780 NYSE Adv/Vol/Dec 876/312.2 mln/2094

2:00 pm : Equities continue to trade in the red and the S&P 500 is off by 0.4%. Although the broader market remains in negative territory, today's weakness has had the biggest impact on growth-oriented sectors.

Industrials and materials are the two weakest groups with several disappointing economic data points weighing on sentiment. In Asia, China's manufacturing PMI and Japan's Tankan Survey both fell short of expectations. In addition, the lowest reading of the ISM Index since December has contributed to the persisting growth concerns.

On the upside, counter cyclical sectors have been able to withstand the bulk of the selling pressure with telecoms leading the way. AT&T (T 37.23, +0.53) is higher by 1.5% as it contributes to the relative strength of the defensive sector.DJ30 -17.00 NASDAQ -24.94 SP500 -6.52 NASDAQ Adv/Vol/Dec 606/894.9 mln/1809 NYSE Adv/Vol/Dec 873/291.3 mln/2096

1:30 pm : Recent trade saw the S&P 500 climb off its early lows. Although the benchmark index has risen from its worst level of the day, it remains lower by 0.3%.

Little change has been observed among the session laggards as industrials and materials continue to weigh amid persisting global growth concerns.

On the upside, the energy sector has regained the bulk of its losses after being one of the weaker performers in early action. This occurs even as crude oil trades lower by 0.3% at $96.91. Meanwhile, the SPDR Energy Select Sector ETF (XLE 79.27, -0.04) is off by 0.1%.DJ30 -7.73 NASDAQ -21.32 SP500 -5.48 NASDAQ Adv/Vol/Dec 635/838.8 mln/1785 NYSE Adv/Vol/Dec 908/270.9 mln/2062

1:00 pm : At midday, equities trade near their lows with the S&P 500 down 0.5%. Notably, the small cap Russell 2000 is off by 1.6%.

The major averages saw little change at the start of today's session, but a disappointing March ISM Index sent the indices to their lows.

Along with a disappointing PMI out of China and cautious Tankan Survey from Japan, the downbeat ISM report helped put growth concerns back at the forefront. As a result, economically-sensitive industrials and materials are the weakest two performers of the session.

The industrial sector is the day's biggest laggard with transportation-related stocks contributing to the weakness. The Dow Jones Transportation Average is down 1.5% as all 20 components trade lower. Trucking companies have displayed the most weakness with Con-way (CNW 34.47, -0.74) and JB Hunt (JBHT 73.15, -1.33) down 2.1% and 1.8%, respectively.

Elsewhere, the materials sector underperforms amid broad softness. Steelmakers trade with losses across the board, and the Market Vectors Steel ETF (SLX 43.02, -0.52) is lower by 1.2%.

Also of note, copper futures have seen a continuation of the recent weakness with the metal down another 1.0% today. Copper now trades at levels last seen in August of last year.

The technology sector is the third cyclical group trading firmly lower. The largest sector component, Apple (AAPL 434.03, -8.63), is down 2.0% and other sector members have lagged notably as well. Chipmakers are broadly lower and the PHLX Semiconductor Index is down 1.7%.

On the upside, the telecom space trades with a slim gain while other defensively-oriented groups register slimmer losses than the broader market.

Reviewing today's economic data, construction spending rose 1.1% in February after falling 2.1% in January. The Briefing.com consensus expected construction spending to rise 0.9%. Private construction spending increased 1.3% after declining 3.1% in January. Public spending increased 0.9%, up from a 0.2% gain in January.

The ISM Manufacturing Index dropped to 51.3 in March from 54.2 in February (Briefing.com consensus 54.0). That was the first drop since November, and should not have been too surprising given the mixed March regional manufacturing surveys. New order levels softened as the related index fell from 57.8 in February to 51.4 in March. In addition, order backlogs also weakened, from 55.0 to 51.0.DJ30 -15.58 NASDAQ -26.26 SP500 -7.39 NASDAQ Adv/Vol/Dec 570/766.7 mln/1824 NYSE Adv/Vol/Dec 833/247.3 mln/2129

12:30 pm : Recent trade saw little change in the key indices. The S&P 500 is off by 0.5% and cyclical sectors remain as the biggest laggards of the day. Although the benchmark average trades firmly lower, defensively-minded sectors have been able to withstand the bulk of the selling pressure.

The telecom sector trades with a slim gain and its largest component, AT&T (T 37.06, +0.37) is higher by 1.0%.

Elsewhere, the consumer staples sector is off by 0.2% with notable coming outperformance from Wal-Mart (WMT 75.75, +0.92). Shares of the retailer trade higher by 1.2%.DJ30 -23.48 NASDAQ -27.45 SP500 -8.34 NASDAQ Adv/Vol/Dec 554/704.1 mln/1836 NYSE Adv/Vol/Dec 775/229.2 mln/2174

12:00 pm : The major averages continue to hover near their lows and the S&P 500 is off by 0.5%. Cyclical sectors have been responsible for the bulk of today's early losses with industrials, materials, and technology as the biggest laggards. In addition, small caps have shown wider losses than the broader market with the Russell 2000 trading lower by 1.5%.

On the upside, the defensively-minded telecom space trades with a modest gain. In addition, consumer staples and health care have been able to withstand the bulk of today's selling pressure.

Also of note, as equities trade lower, the CBOE Volatility Index (VIX 13.81, +1.11) remains firmly higher after notching its best level of the day at 14.05.DJ30 -27.19 NASDAQ -22.95 SP500 -7.99 NASDAQ Adv/Vol/Dec 544/633.2 mln/1823 NYSE Adv/Vol/Dec 787/209.4 mln/2148

11:30 am : Equities remain near their early lows with the S&P 500 off by 0.5%. As the broader market trades in the red, nine of 10 S&P 500 sectors trade lower as well.

Industrials and materials are among the weakest performers amid continued global growth concerns. In Asia, China's manufacturing PMI was reported below expectations while Japan's Tankan Survey also fell short of estimates.

Also contributing to the weakness of the growth-sensitive sectors was today's March ISM Index, which was reported at 51.3, its lowest level since December.

In addition to industrials and materials, other cyclical sectors trail behind the broader market. The technology space is seeing broad weakness with Apple (AAPL 435.66, -7.00) down 1.6%. Elsewhere in tech, chipmakers trade lower with the PHLX Semiconductor Index off by 1.4%.DJ30 -37.58 NASDAQ -24.17 SP500 -8.47 NASDAQ Adv/Vol/Dec 551/550.5 mln/1801 NYSE Adv/Vol/Dec 775/184.1 mln/2125

11:00 am : The major averages continue to trade near their lows with the S&P 500 off by 0.5%. Although the broader market trades with modest losses, notable underperformance can be spotted in several areas.

The Dow Jones Transportation Average, which was a major contributor to the market-wide rally since November, trades lower by 1.7% with all 20 components in the red. Trucking stocks are among the biggest decliners with JB Hunt (JBHT 73.02, -1.46) and Landstar (LSTR 55.79, -1.30) both down near 2.5%.

Elsewhere, the technology sector is among the day's biggest laggards and microchip manufacturers trade with wider losses than the broader market. The PHLX Semiconductor Index is down 1.4%.

Also of note, small cap stocks trail behind the broader market with the Russell 2000 down 1.5%.DJ30 -31.04 NASDAQ -23.50 SP500 -8.28 NASDAQ Adv/Vol/Dec 595/442.4 mln/1729 NYSE Adv/Vol/Dec 783/154.6 mln/2085

10:35 am : May crude oil is trending lower in negative territory following reports that Exxon Mobil (XOM 90.51, +0.39) shut its Pegasus pipeline after reporting a leak in Arkansas on March 29th. The pipeline will need to be excavated to determine the cause of the leak. The energy component brushed a session low of $95.92 per barrel in recent action and is now at $96.29, or 1.0% lower.

May natural gas is also trading in the red. It brushed a session low of $3.95 per MMBtu in early morning pit trade and is currently 1.3% lower at $3.97 per MMBtu.

June gold erased most of its earlier gains. The yellow metal popped to a floor session high of $1601.60 per ounce on Feb construction spending and March ISM Index data but quickly pulled-back. It dipped just below the unchanged line in recent action and is currently at $1596.40 per ounce.

May silver, however, is in negative territory. It dipped to a session low of $27.88 per ounce as equity markets opened and is currently down 1.4% at $27.93 per ounce.DJ30 -4.73 NASDAQ -13.27 SP500 -4.37 NASDAQ Adv/Vol/Dec 706/340.2 mln/1585 NYSE Adv/Vol/Dec 956/127.1 mln/1882

10:00 am : The major averages slipped to session lows following the release of the latest set of economic data. The S&P 500 is lower by 0.2%.

The March ISM Index was reported at 51.3 while the Briefing.com consensus expected the reading to come in at 54.0. Meanwhile, February construction spending rose 1.2% month-over-month, against the expected increase of 0.9%.DJ30 -18.66 NASDAQ -9.40 SP500 -4.48 NASDAQ Adv/Vol/Dec 799/207.5 mln/1411 NYSE Adv/Vol/Dec 1077/93.1 mln/1718

09:45 am : After starting the session on a mixed note, the major averages have climbed to their early highs with the S&P 500 up 0.1%.

The early sector leadership is being provided by energy, financials, and discretionary shares. On the downside, industrials, materials trade lower after disappointing economic data out of China.

In addition, the utilities sector is among the early decliners as well.

At 10:00 ET, market participants will receive the March construction spending report and ISM Index.DJ30 +10.76 NASDAQ +2.11 SP500 +1.11 NASDAQ Adv/Vol/Dec 984/123.2 mln/1135 NYSE Adv/Vol/Dec 1438/68.1 mln/1298

09:15 am : [BRIEFING.COM] S&P futures vs fair value: -1.00. Nasdaq futures vs fair value: +2.20. Heading into the open, equity futures signal little change at the start of the cash session. The S&P 500 futures are flat while Nasdaq futures trade higher by 0.1%.

Today's pre-market trade has been mostly quiet with European markets closed in observance of Easter Monday. Elsewhere, Asian equities declined following the release of disappointing economic data points in China and Japan. In China, the manufacturing PMI missed expectations while Japan's Tankan Survey fell short of forecasts. These overnight developments may weigh on the growth --oriented industrials and materials sectors during today's action.

However, one component of the materials space, Cliffs Natural Resources (CLF 16.91, +0.60), trades higher by 3.2% after JPMorgan Chase added the stock to its Analyst Focus list.

In today's economic data, March construction spending and ISM Index will both be released at 10:00 ET.

08:55 am : [BRIEFING.COM] S&P futures vs fair value: -0.70. Nasdaq futures vs fair value: +2.20. Equity futures are little changed amid quiet pre-market trade. The S&P 500 futures are flat while futures on the Nasdaq trade higher by 0.1%. In addition to little change in the U.S. pre-market, note that European markets are closed today in observance of Easter Monday.

Overseas trade was limited to action in China in Japan where equities declined following the release of a disappointing Chinese manufacturing PMI and below-consensus Tankan Survey in Japan.

In notable pre-market movers, Cliffs Natural Resources (CLF 19.65, +0.64) is higher by 3.4% after JPMorgan Chase added the stock to its Analyst Focus list.

Two economic data points are scheduled to be reported today. March ISM Index and construction spending will both be released at 10:00 ET.

08:29 am : [BRIEFING.COM] S&P futures vs fair value: +0.60. Nasdaq futures vs fair value: +3.20.

U.S. equity futures continue to show little change with the S&P 500 higher by 0.1%.

The major Asian bourses finished mostly lower as disappointing data from the region weighed. Japan's Nikkei (-2.1%) was the worst performer in the region after both its Tankan Manufacturing Index (-8 actual versus -7 expected, -12 previous) and Tankan Non-Manufacturing Index (6 actual versus 8 expected, 4 previous) fell short of estimates. Meanwhile, China's Shanghai Composite (-0.1%) slipped as HSBC Final Manufacturing PMI (51.6 actual versus 51.7 expected, 51.7 previous) and Manufacturing PMI (50.9 actual versus 51.6 expected) both missed expectations. Data from the rest of the region saw Indonesia's inflation rate tick up to 5.9% year-over-year (5.2% expected, 5.3% previous) while Thailand's eased to 2.7% year-over-year (3.0% expected, 3.2% previous).

In Japan, the Nikkei closed lower by 2.1% as shares slipped to a three-week low. Exporters were hit on the stronger yen with Canon falling 1.2% and Honda Motor giving up 2.7%. Elsewhere, financials were among the worst performers as Mitsubishi UFJ Financial sank 4.7%.
Hong Kong's Hang Seng was closed in observance of Easter Monday.
In China, the Shanghai Composite shed 0.1% to end at their lowest level of 2013. Financials were weak as Agricultural Bank of China and China Citic Bank gave up 0.7% and 1.5% respectively.

European markets are closed in observance of Easter Monday. The regular schedule is set to resume tomorrow.

Reports in Cypriot press have accused the family of President Nicos Anastasiades of withdrawing millions of dollars from their accounts at Laiki Bank on March 12 and 13, shortly before the original bailout conditions were announced. These reports have since been denied by President Anastasiades and an official investigation into the matter has been opened.

08:00 am : S&P futures vs fair value: -0.30. Nasdaq futures vs fair value: +1.70.

It is a quiet morning in the U.S. pre-market with equity futures trading slightly higher. The S&P 500 futures are unchanged while Nasdaq futures trade higher by 0.1%.

Looking at overseas developments:

Key Asian markets ended on a lower note. China's Shanghai Composite shed 0.1% while Japan's Nikkei lost 2.1%.
In regional economic data:
China's manufacturing PMI rose to 50.90 from 50.10 while the general consensus expected a reading of 52.00. Meanwhile, the HSBC manufacturing PMI slipped to 51.60 from 51.70 (51.70 consensus).
South Korea's CPI rose cooler-than-expected 1.3% year-over-year (1.8% consensus) while the month-over-month reading slipped 0.2% (+0.3% forecast).
Japan's Tankan Non-Manufacturers Index was reported at 6 (8 consensus) while the Large Manufacturers Index hit -8 (-7 expected).
In news:
Asian equities declined after Japan's Tankan Survey and China's PMI readings all fell short of expectations, putting global growth concerns back atop the list of worries of market participants.
Reports indicate the Chinese government is taking active steps to place curbs on rising property prices.

European markets are closed in observance of Easter Monday. Regular trading hours will be resurrected tomorrow.
There was no notable economic data reported in the region.
Looking at news:
Reports in Cypriot press have accused the family of President Nicos Anastasiades of withdrawing millions of dollars from their accounts at Laiki Bank on March 12 and 13, shortly before the original bailout conditions were announced. These reports have since been denied by President Anastasiades and an official investigation into the matter has been opened.

In U.S. corporate news:

eBay (EBAY 55.75, +1.53) is adding 2.8% after Canaccord upgraded the stock to 'Buy' from 'Hold.'
Intel (INTC 21.73, -0.11) is down 0.5% after JMP Securities downgraded the stock to 'Market Perform' from 'Market Outperform.'

In today's economic data, March ISM Index and construction spending will both be reported at 10:00 ET.

06:26 am : [BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -3.00.

06:26 am : Nikkei...12135.02...-262.90...-2.10%. Hang Seng...Holiday.........

06:26 am : FTSE...Holiday......... DAX...Holiday.........

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 Image@ http://stocktwits.com/wrbtrader

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