TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
It is currently Thu Mar 28, 2024 6:01 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: May 28th Tuesday Trade Results - Profit $1110
PostPosted: Tue May 28, 2013 10:08 pm 
Offline
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Image

Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

Attachment:
052813-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+1110.00.png
052813-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+1110.00.png [ 83.65 KiB | Viewed 269 times ]

click on the above image to view today's performance verification

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $150.00 dollars or +1.50 points, Light Crude Oil CL ($CL_F) futures @ $960.00 dollars or +0.96 points, Gold GC ($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 @ $1110.00 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 of my 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 via price action trading from entry to exit (e.g. time, price, contract size) along with price action commentary as the trade traversed to its completion...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=117&t=1515

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. Simply, my trade method is applicable for position trading, swing trading and day trading.

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=209&t=1820

-----------------------------

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 for price action trading 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.

Attachment:
052813-Key-Price-Action-Markets.png
052813-Key-Price-Action-Markets.png [ 523.75 KiB | Viewed 275 times ]


Image


Market Update

4:10 pm : The major averages ended with solid gains as the Dow Jones Industrial Average logged its 20th consecutive advance on a Tuesday.

Equities surged out of the gate, but the early enthusiasm faded an hour into the session when the major averages notched their highs, and began their retreat towards Friday's closing levels.

The early action saw nine of ten sectors register gains of at least 1.0%. However, the defensively-geared utilities spent the entire day in negative territory before ending lower by 1.2%. A Deutsche Bank downgrade of Exelon (EXC 32.05, -2.60) weighed on the rate-sensitive sector, which extended its May loss to 7.8%.

Other defensive groups finished mixed as afternoon weakness sent the telecom sector lower by 1.3% while consumer staples ended little changed.

The health care space was able to outperform other counter-cyclical groups as biotechnology displayed strength. The iShares Nasdaq Biotechnology ETF (IBB 183.03, +2.29) settled higher by 1.3% after being up as much as 2.3% in early action.

While defensively-geared sectors finished mixed, the six cyclical groups saw comparable gains.

Financials displayed strength as most majors climbed at least 1.0%. However, mortgage real estate investment trusts like American Capital Agency (AGNC 26.41, -1.31) and Annaly Capital Management (NLY 13.92, -0.50) were pressured by the continued weakness in Treasuries. A decrease in prices creates a headwind for the highly-levered group by lowering the value of mortgage investment portfolios.

The industrial sector trailed behind other growth-sensitive areas as transportation-related names lagged. Members of the Dow Jones Transportation Average were active today as Landstar System (LSTR 53.49, -1.15) lost 2.1% after lowering its second quarter guidance. In addition, CSX (CSX 25.29, -0.21) shed 0.8% after one of its trains derailed outside of Baltimore.

Also of note, airlines finished broadly lower amid reports the Obama administration has proposed raising taxes on air travel by $14 per flight.

Only a handful of names reported their quarterly results this morning. Better-than-expected earnings and revenue from Tiffany's (TIF 79.22, +3.01) provided a boost to retailers as the SPDR S&P Retail ETF (XRT 77.99, +0.40) settled higher by 0.5%.

Aggressive selling across the Treasury complex resulted in 10-yr yield climbing higher by 16 basis points to 2.170%, a 13-month high.

The CBOE Volatility Index (VIX 14.47, +0.48) began the session in the red, but intraday broad market weakness lifted the near-term volatility measure into positive territory.

Today's economic data was limited to just two releases.

The Conference Board's Consumer Confidence report for May brought encouraging news with the index rising to 76.2 from 68.1 in April. The Briefing.com consensus expected a reading of 72.5. The May number was the highest since February 2008.

The uptick in confidence fits with the improvement in labor market conditions and fits neatly with the ongoing strength in the stock market and housing market that have produced their share of positive-sounding headlines.

Separately, the March Case-Shiller 20-city Home Price Index rose 10.9% while a 10.1% increase had been expected by the Briefing.com consensus. This follows the previous month's increase of 9.3%.

Tomorrow's economic news will be limited to the 7:00 ET release of the weekly MBA Mortgage Index. The U.S. Treasury will auction $35 billion in 5-yr notes.DJ30 +106.29 NASDAQ +29.74 SP500 +10.46 NASDAQ Adv/Vol/Dec 1771/1.68 bln/746 NYSE Adv/Vol/Dec 1776/734.0 mln/1278

3:30 pm : Commodities ended the day mixed with major commodities such as gold, silver and natural gas finished in negative territory.

Crude oil, copper and corn prices ended the day higher. Corn ended higher just ahead of its weekly USDA crop progress report, closing 10 cents higher at $6.67/bushel.

Crude oil rose as high as $95.90/barrel, but trended lower basically for the rest of the session after hitting that HoD, just finishing below $95. Natural gas finished the day in the red. The energy component attempted to rally off its morning low, but it eventually lost steam and finished the day near its LoD at $4.17/MMBtu, down $0.07. June crude finished at $94.99/barrel, up $0.88.

Precious metals ended in the red as well as the dollar index continued to trade near its session high. June gold ended $7.50 lower at $1379.40/oz and July silver ended down $0.30 at $22.20. July copper gained two cents on the day, ending at $3.32/lb.DJ30 +120.85 NASDAQ +31.54 SP500 +11.65 NASDAQ Adv/Vol/Dec 1734/1440.6 mln/781 NYSE Adv/Vol/Dec 1769/488 mln/1254

3:00 pm : The S&P 500 trades higher by 0.6% as today's session enters its final hour.

In the foreign exchange market, the Dollar Index has regained the 84.00 level on the heels of this morning's better-than-expected data. The early bid briefly climbed above 84.20 before some light selling developed. However, the Index remains on pace to close near its three-year high.

The bulk of today's dollar strength has come at the expense of the Swiss franc and the Japanese yen.

The USDCHF pair is higher by 110 pips near 0.9735 as action nears the May highs. Traders will be monitoring the .9800 level as a breakout sets the stage for the long awaited test of parity, which hasn't happened since December 2010.

Elsewhere, USDJPY adds 100 pips to 102.05 after early weakness was unable to pierce support in the 101.00 area. The pair hit a high of 102.50, but has looked heavy in afternoon trade. Note Bank of Japan Governor Haruhiko Kuroda will speak in Tokyo on Wednesday.DJ30 +111.55 NASDAQ +26.02 SP500 +9.56 NASDAQ Adv/Vol/Dec 1687/1.31 bln/814 NYSE Adv/Vol/Dec 1725/436.2 mln/1297

2:30 pm : The S&P 500 trades higher by 0.5% as the index continues sliding towards its flat line.

The Dow Jones Transportation Average has spent the bulk of today's session among the leaders, but recent action saw the bellwether complex surrender a considerable portion of its gains after Landstar System (LSTR 53.35, -1.29) issued cautious guidance.

Elsewhere in the transportation average, other truckers trade in mixed fashion while airlines register losses across the board amid reports the Obama administration has proposed raising taxes on air travel by $14 per flight.DJ30 +91.69 NASDAQ +21.09 SP500 +7.98 NASDAQ Adv/Vol/Dec 1639/1.21 bln/852 NYSE Adv/Vol/Dec 1699/401.6 mln/1304

2:00 pm : Recent action saw the major averages continue their decline from the early highs. Notably, the defensive consumer staples and telecom services have surrendered their gains to join the utilities sector in negative territory. Meanwhile, the other defensive group, health care, trades with a solid gain of 0.8%.

With the broader market continuing its retreat, the CBOE Volatility Index (VIX 14.18, +0.19) has crept into positive territory.DJ30 +95.82 NASDAQ +24.26 SP500 +8.71 NASDAQ Adv/Vol/Dec 1762/1.11 bln/726 NYSE Adv/Vol/Dec 1826/366.6 mln/1182

1:30 pm : Afternoon action has slowed down considerably with the S&P 500 spending the past 90 minutes inside a three-point range.

The financial sector remains in the lead but mortgage real estate investment trusts have shown weakness as 10-yr Treasury yields (2.130%, +11 basis points) climb to a 13-month high. An increase in borrowing costs creates a headwind for the highly-levered group as rising rates lower the value of mortgage investment portfolios.

American Capital Agency (AGNC 26.22, -1.50) and Annaly Capital Management (NLY 14.03, -0.39) are among the notable underperformers in the mortgage REIT space.DJ30 +123.54 NASDAQ +30.22 SP500 +11.49 NASDAQ Adv/Vol/Dec 1868/1.03 bln/613 NYSE Adv/Vol/Dec 1984/340.6 mln/1003

1:00 pm : At midday, the S&P 500 trades higher by 0.9%.

The major averages celebrated the return from a three-day weekend with an opening surge to their highs. However, since notching their best levels during the first hour, the three indices have slowly surrendered a portion of their gains.

Nine of ten sectors have spent the first half of the day in positive territory while the rate-sensitive utilities sector trails behind the broader market. The defensive group has been under pressure recently, and today's loss of 1.2% brings its month-to-date decline to 7.9%. Major sector component, Exelon (EXC 31.98, -2.67), trades lower by 7.7% after Deutsche Bank downgraded the stock to 'Hold' from 'Buy.'

With regards to other defensive sectors, consumer staples and telecom services are both up near 0.2% while the health care space adds 1.1% as biotechnology provides some added support.

The iShares Nasdaq Biotechnology ETF (IBB 183.28, +2.54) trades higher by 1.4% after being up as much as 2.3% in early action. In addition, the relative strength of biotech has given a boost to the Nasdaq.

Cyclical sectors have been responsible for the bulk of today's gains as all six growth-sensitive groups register gains of at least 0.9%.

Bank shares trade broadly higher and Morgan Stanley (MS 24.96, +0.61) is the top performer among the majors. Meanwhile, the broader SPDR Financial Select Sector ETF (XLF 20.02, +0.29) sports a gain of 1.4%.

This morning saw just a handful of names report their quarterly results. Retailers have received a boost from Tiffany's (TIF 79.11, +2.90) better-than-expected earnings and revenue. In addition, the company reaffirmed its full-year earnings guidance, but lowered its full-year revenue growth forecast to mid-single digits from the previously expected 6-8%.

The Conference Board's Consumer Confidence report for May brought encouraging news with the index rising to 76.2 from 68.1 in April. The Briefing.com consensus expected a reading of 72.5. The May number was the highest since February 2008.

The uptick in confidence fits with the improvement in labor market conditions and fits neatly with the ongoing strength in the stock market and housing market that have produced their share of positive-sounding headlines.

Separately, the March Case-Shiller 20-city Home Price Index rose 10.9% while a 10.1% increase had been expected by the Briefing.com consensus. This follows the previous month's increase of 9.3%.DJ30 +151.97 NASDAQ +38.56 SP500 +15.24 NASDAQ Adv/Vol/Dec 1911/942.9 mln/569 NYSE Adv/Vol/Dec 2088/313.1 mln/884

12:30 pm : Recent action saw the S&P 500 extend its slow decline from highs. However, the six cyclical sectors continue to trade with gains of at least 1.0% as energy and financials sit atop the leaderboard. The two sectors are both up near 1.4%.

The energy sector has received some support from crude oil as the energy component trades higher by 1.3% at $95.41. Meanwhile, financials trade broadly higher with most majors registering gains of more than 1.0%.DJ30 +147.41 NASDAQ +37.18 SP500 +15.08 NASDAQ Adv/Vol/Dec 1915/870.1 mln/554 NYSE Adv/Vol/Dec 2115/290.6 mln/843

12:00 pm : The S&P 500 has continued its slow retreat from session highs with defensive sectors subject to most notable selling.

The utilities space trades lower by 0.9% as recent weakness pressured the group to fresh session lows. Notably, Exelon (EXC 32.10, -2.55) registers a loss of 7.4% after Deutsche Bank downgraded the energy provider to 'Hold' from 'Buy.'

Looking at other defensive sectors, consumer staples and telecom trade with respective gains of 0.3% and 0.4% while the health care space adds 1.2% as biotechnology continues providing added support.DJ30 +151.75 NASDAQ +38.53 SP500 +14.87 NASDAQ Adv/Vol/Dec 1916/791.1 mln/539 NYSE Adv/Vol/Dec 2120/265.3 mln/836

11:30 am : The S&P 500 has taken a step back from its recent levels, but the index continues to trade with a gain of 1.2%.

While the financial sector remains near its best level of the day, the health care space has retraced a portion of its gains. This occurred as the iShares Nasdaq Biotechnology ETF (IBB 183.75, +3.01) retreated from its session high. The biotech ETF trades higher by 1.7% after being up as much as 2.3% in early action.

With the broader market trading near its highs, the CBOE Volatility Index (VIX 13.77, -0.22) is off by 1.6%.DJ30 +185.27 NASDAQ +47.10 SP500 +19.35 NASDAQ Adv/Vol/Dec 1974/681.9 mln/476 NYSE Adv/Vol/Dec 2245/229.4 mln/687

11:00 am : The major averages have continued their push to fresh highs. The S&P 500 trades with a gain of 1.3% while the Nasdaq adds 1.4%.

The outperformance of the tech-heavy index comes as biotechnology names register solid gains. The iShares Nasdaq Biotechnology ETF (IBB 184.23, +3.49) trades higher by 1.9%, and the relative strength of the group also provides a measure of support to the health care sector, which is the top performer of the day.

The defensively-minded health care sector is being closely followed by the financial space as all major names trade with gains of at least 1.0%.DJ30 +204.55 NASDAQ +49.13 SP500 +21.60 NASDAQ Adv/Vol/Dec 1992/556.1 mln/426 NYSE Adv/Vol/Dec 2281/190.2 mln/602

10:35 am : The dollar index just rallied sharply, which weighed on commodities including gold, silver and copper and crude oil. However, commodities are currently mixed. The strength in the index didn't weigh on natural gas futures, which have been inching higher after a notable sell-off this morning.

Crude oil rallied for most of today's session, mainly on risks in the Middle East. However, large oil supplies help weigh down on prices at the same time. Currently, July crude is +1.4% at $95.43/barrel. Natural gas sold off this morning, falling as low as $4.13/MMBtu. In current action, June nat gas is -1.8% at $4.16/MMBtu.

Precious metals have been in the red this morning with June gold now down 0.7% at $1376.60/oz and July silver -1.4% at $22.18/oz.DJ30 +212.75 NASDAQ +49.01 SP500 +22.53 NASDAQ Adv/Vol/Dec 2006/468.8 mln/392 NYSE Adv/Vol/Dec 2307/165 mln/568

10:00 am : Equities continue to hover near their highs with the S&P 500 up 1.3%.

The latest consumer confidence reading for May came in at 76.2, while economists polled by Briefing.com expected the survey to come in at 72.5. This follows the prior month's reading of 68.1.DJ30 +182.23 NASDAQ +50.01 SP500 +21.22 NASDAQ Adv/Vol/Dec 2003/270.1 mln/336 NYSE Adv/Vol/Dec 2382/112.5 mln/434

09:45 am : The major averages began the session with broad gains. The S&P 500 trades higher by 1.2% as nine of ten sectors hover in the black. The financial space leads in the early going while utilities extend their recent weakness. The defensively-oriented sector trades lower by 0.5% to bring its month-to-date loss to 7.2%.

In notable earnings, Tiffany (TIF 81.07, +4.86) registers a gain of 6.4% after beating on earnings and revenue. Meanwhile, the broader SPDR S&P Retail ETF (XRT 78.58, +0.99) trades up 1.3%.

May consumer confidence will be reported at 10:00 ET.DJ30 +163.50 NASDAQ +44.22 SP500 +19.40 NASDAQ Adv/Vol/Dec 1946/164.8 mln/344 NYSE Adv/Vol/Dec 2351/86.7 mln/410

09:15 am : [BRIEFING.COM] S&P futures vs fair value: +17.10. Nasdaq futures vs fair value: +32.70. The S&P 500 futures trade higher by 0.9% as they signal a higher start to the cash session. The sharp pre-market gains come after yesterday's generally positive global session lacked the participation of U.S. markets.

Only a handful of companies reported their quarterly results this morning. Notably, Tiffany (TIF 80.84, +4.63) trades higher by 6.1% after beating on earnings and revenue. In addition, the jewelry retailer reaffirmed its full-year earnings guidance and lowered its full-year revenue growth forecast to mid-single digits from 6-8%.

With regards to economic data, the March Case-Shiller Home Price Index surprised to the upside as home prices in 20 major metropolitan areas rose 10.9% while the Briefing.com consensus expected an increase of 10.1%. Today's economic news will be topped off with the 10:00 ET release of May consumer confidence. The Briefing.com consensus expects a reading of 72.5 to follow the prior month's 68.1.

09:01 am : [BRIEFING.COM] S&P futures vs fair value: +16.50. Nasdaq futures vs fair value: +31.20. The S&P 500 futures trade higher by 0.8%.

In domestic economic news, the March Case-Shiller 20-city Home Price Index rose 10.9% while a 10.1% increase had been expected by the Briefing.com consensus. This follows the previous month's increase of 9.3%.

08:32 am : [BRIEFING.COM] S&P futures vs fair value: +16.30. Nasdaq futures vs fair value: +30.00.

U.S. equity futures continue to hover near their best levels of the morning. The S&P 500 futures are higher by 0.8%.

It was a sea of green across Asia as all of the major bourses, aside from Taiwan's Taiex (-0.2%), finished in positive territory. Japan's Nikkei (+1.2%) was among the top performers in the region despite volatile swings that pushed the index below the 14,000 mark at one point. Data from the region was limited to Thai industrial production, which declined 3.8% year-over-year.

In Japan, the Nikkei closed higher by 1.2% as a weaker yen fueled the exporters. Mitsubishi Motors was the top performer, posting a 14.0% advance while Sony Corp. and Toyota Motors gained 3.2% and 4.9%, respectively. Meanwhile, real estate shares lagged the broader average as Mitsui Fudosan added 0.3% and Sumitomo Realty & Development climbed 0.7%.
Hong Kong's Hang Seng added 1.1% as real estate and brokerage names posted solid gains. China Resources Land advanced 3.2% to lead real estate shares higher. Elsewhere, Haitong Securities jumped 4.7% after the brokerage space received a tier 1 upgrade.
In China, the Shanghai Composite rose 1.2% to finish at its best level in two-months. Financials and developers led the way with Ping An Bank and China Vanke adding 5.8% and 4.8% to lead their respective sectors.

European indices hover near their session highs following the release of a handful of economic data points. Germany's import price index fell 1.4% month-over-month (-0.5% expected, -0.1% prior). French consumer confidence fell to 79 from 83 (85 forecast). Elsewhere, Switzerland reported a trade surplus of CHF1.728 billion (CHF1.757 billion forecast, CHF1.893 prior) while the country's employment level rose to 4.15 million from 4.12 million (4.10 million forecast). In news, European Central Bank Executive Board member Peter Praet said the possibility of further easing remains on the table despite the recent rate cut. Mr. Praet made these comments while giving separate interviews to German Handelsblatt and Japanese Nikkei. Also of note, Standard & Poor's said France must implement the promised budget cuts in order to avoid being downgraded.

Germany's DAX trades higher by 1.1% with most components advancing. Financials are among the outperformers as Allianz and Deutsche Bank register gains near 2.0% each. On the downside, Deutsche Post trades with a loss of 0.5%.
In France, the CAC registers a gain of 1.3% as 38 of 40 components advance. Exporters and financials are among the leaders with Renault and Societe Generale both up near 3.5%.
The United Kingdom's FTSE adds 1.6% with cyclical names in the lead. Petrofac and Weir Group are higher by 4.0% and 3.5%, respectively.

08:01 am : [BRIEFING.COM] S&P futures vs fair value: +14.20. Nasdaq futures vs fair value: +28.70.

U.S. equity futures trade near their best pre-market levels with the S&P 500 futures higher by 0.7%.

Looking at overnight developments:

Asian markets finished on a higher note. Hong Kong's Hang Seng rose 1.1% while Japan's Nikkei and China's Shanghai Composite both gained 1.2%.
Regional economic data was limited:
Japan's Corporate Services Price Index declined 0.4% (-0.2% consensus, -0.2% prior).
In news:
Japan's economy minister Akira Amari said equities are in an adjustment phase from recent sharp gains with stabilization likely taking place soon.

European indices hover near their session highs. Germany's DAX trades with a gain of 1.1%, France's CAC is higher by 1.4%, and the United Kingdom's FTSE trades up 1.6%.
Investors received a handful of economic data points:
Germany's import price index fell 1.4% month-over-month (-0.5% expected, -0.1% prior).
French consumer confidence fell to 79 from 83 (85 forecast).
Switzerland reported a trade surplus of CHF1.728 billion (CHF1.757 billion forecast, CHF1.893 prior) while the country's employment level rose to 4.15 million from 4.12 million (4.10 million forecast).
Looking at news:
European Central Bank Executive Board member Peter Praet said the possibility of further easing remains on the table, despite the recent rate cut. Mr. Praet made these comments while giving separate interviews to German Handelsblatt and Japanese Nikkei.
Standard & Poor's said France must implement the promised budget cuts in order to avoid being downgraded.

In U.S. corporate news:

Tiffany (TIF 80.00, +3.79) trades higher by 5.0% after beating on earnings and revenue. In addition, the company reaffirmed its full-year earnings guidance and lowered its full-year revenue growth forecast to mid-single digits from 6-8%.
Solar stocks trade generally higher after Canadian Solar (CSIQ 10.63, +2.02) handily beat its earnings and revenue expectations.

Today's economic data will be limited to the March Case-Shiller 20-city Index and May consumer confidence. The two reports will be released at 9:00 ET and 10:00 ET, respectively.

06:47 am : Nikkei...14311.98...+169.30...+1.20%. Hang Seng...22924.25...+238.20...+1.10%.

06:47 am : FTSE...6761.83...+107.50...+1.60%. DAX...8473.79...+90.50...+1.10%.

06:45 am : S&P futures vs fair value: +13.00. Nasdaq futures vs fair value: +28.00.

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 Image@ http://stocktwits.com/wrbtrader

http://www.thestrategylab.com
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr