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 Post subject: November 29th Friday Trade Results - Profit $1420.00
PostPosted: Sat Nov 30, 2013 10:29 am 
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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)
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)

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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 @ $920.00 dollars or +9.20 points, Emini ES ($ES_F) futures @ $500.00 dollars or +10.00 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points and EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks. Total Profit @ $1,420.00 dollars.

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
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

In addition, all of my trades were posted real-time in the chat room. You can read today's 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=123&t=1661

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=223&t=2061

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Market Context Summaries

The below summaries by Bloomberg, CNNMoney, Reuters and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/BOE/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.

Stocks End Flat On Black Friday

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

NEW YORK (CNNMoney)
Stocks ended a shortened trading day flat Friday, but November was a strong month for the market.

The Dow Jones Industrial Average and the S&P 500 ended little changed. The Nasdaq posted a modest gain. Trading volume was well below average Friday as many investors took the day off. The market closed three hours early Friday and was dark Thursday for Thanksgiving.

Despite the mixed finish Friday, all three indexes ended higher for the week. It was the eighth consecutive weekly gain for the Dow and S&P 500.

Stocks ended November with gains of between 3% and 4%. Stocks have been on a tear this year, with the S&P 500 up nearly 27%. Solid corporate earnings and continuing bond purchases by the Federal Reserve have helped spur strong buying this month, pushing the Dow and S&P to record highs.

Retailers were in focus as consumers turned out in droves for Black Friday.

The annual shopping bonanza kicked off earlier than usual, with some of the biggest stores such as Sears (SHLD, Fortune 500)-owned Kmart, Wal-Mart (WMT, Fortune 500), Best Buy (BBY, Fortune 500), Macy's (M, Fortune 500) and Target (TGT, Fortune 500) opening their doors on Thursday evening.

While the early openings drew large crowds, shares of most major retailers were only modestly higher Friday.

* Early store openings appear to have worked for retailers

Wal-Mart appears to be the most popular destination, with foot traffic up 160% over the normal shopping day, according to data on users of the smartphone app Shopular.

Target reported "unprecedented numbers" of shoppers in stores and on the company's website.

Yet the large turnout of bargain hunters may not necessarily translate to big profits for retailers, said Brian Sozzi, chief strategist at Belus Capital Advisors. Despite the large crowds, Sozzi said the hauls consumers brought home were relatively modest at the shopping centers he visited.

"My sense is that retailers will have to raise their level of promotions to close more sales," he said. "I just didn't see the bag size and bag count one would expect given ramped up promotional messages."

Not all shoppers were willing to brave the crowds on Thursday and Black Friday. Thanksgiving online sales are up nearly 20% over the same period last year, according to data from IBM Digital Analytics Benchmark.

Apple pie and Bitcoin is golden: Apple (AAPL, Fortune 500) shares were getting some Black Friday love. The stock rose back above $555 a share, a level it hasn't hit since early January. The iPad and iPhone maker has clawed back from deep year-to-date losses in the summer, when prices fell below $400 a share. Apple's stock is now up almost 5% in 2013.

* Fear & Greed Index inches closer to Extreme Greed

And the amazing run in virtual currency Bitcoin continues. The price of one bitcoin hit a new all-time high of $1,242 Friday. That puts Bitcoin prices within $10 of topping the price of an ounce of gold.

It was a fairly muted day of trading across the globe. Major European stocks and Asian markets ended mixed.

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Dow, S&P 500 end lower, but Nasdaq gains

NEW YORK (MarketWatch) — U.S. stocks closed mostly lower on Friday, pulling back from Wednesday’s record levels, but still achieved gains for the week and month.

The main indexes spent most of the shortened, post-Thanksgiving session in positive territory after upbeat reports on holiday shopping, but then erased their intraday gains in the final minutes of trading.

Investors shouldn’t read too much into Friday’s weak finish, said Quincy Krosby, a market strategist at Prudential Financial. She noted the S&P 500 and Dow Jones Industrial Average held comfortably above their milestone levels of 1,800 and 16,000, respectively, plus trading volumes were low.

“The market essentially ended the week higher, but today flat,” she told MarkeWatch.

The S&P 500 dipped 1.42 points, or less than 0.1%, to close at 1,805.81, pulling back from its record close on Wednesday. It finished up less than 0.1% for the week and rose 2.8% for the month.

The Dow lost 10.92 points, or less than 0.1%, to finish at 16,086.41, easing from its record close on Wednesday and snapping a five-session winning streak. The blue-chip index rose 0.1% for the week and 3.5% for November.

The S&P and Dow have both advanced for eight straight weeks.

The Nasdaq Composite bucked Friday’s negative trend, rising 15.14 points, or 0.4%, to end at 4,059.89. The tech-heavy index climbed 1.7% for the week and 3.6% for the month.

The trading session ended at 1 p.m. Eastern time, three hours earlier than normal, and many traders were still on vacation following the Thanksgiving holiday on Thursday.

Retail stocks drew attention as shoppers packed stores. Wal-Mart Stores Inc. rose 0.1% after reporting strong Thanksgiving sales.

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“The numbers that have been trickling in are at the margin positive,” Krosby said, referring to early news on the holidays shopping season.

Europe stocks post modest Nov. rise; Spain fumbles

Europe stocks saw a flat finish on the final trading day of the month, maintaining a modest November gain, while Spanish stocks fail to hold on to a boost after S&P lifted its outlook on the country to stable from negative.

By Barbara Kollmeyer

An earlier version of this story gave an incorrect reference to the monthly performance of the Stoxx Europe 600. The story has been corrected.

MADRID (MarketWatch) — The final trading day of November ended on a flat note in Europe, although German stocks shrugged off a weak retail sales reading that dinged overall sentiment. And Spanish stocks ended lower, failing to hold on to gains scored after Standard & Poor’s lifted its debt outlook on the country.

The Stoxx Europe 600 index shaved 0.03 point, or less than 0.1%, to close at 325.16. That left the pan-European index with a 0.7% weekly rise and a 0.9% gain for the month.

Finnish retailer Kesto Oyj was among the biggest gainers, up more than 9%, but while gainers outpaced decliners, the moves were not particularly large across the board. K+S AG was another gainer, rising more than 6%.

After initially outperforming the rest of Europe’s country-specific indexes, the Spain IBEX 35 index fell 0.3% to end at 9,826.80. Spanish stocks got an early lift from S&P, which revised up its outlook on the country’s debt to stable from negative, and affirmed its BBB sovereign-debt rating.

The S&P move was “a strange decision on a day when the country saw its unemployment rate hit a record high of 26%. The agency cited a more positive growth outlook even though the only growth seen recently was the recently confirmed Q3 number of 0.1%,” said Michael Hewson, chief market analyst at CMC Markets in London.

“The stable outlook incorporates our view that Spain’s credit metrics are stabilizing and that we currently see less than a one-in-three probability of the rating moving up or down over the next two years,” said S&P in a press release.

The Netherlands, meanwhile, lost its AAA credit rating at S&P, dropped to AA+ on growth concerns, but the Dutch AEX largely shrugged off the news, slipping just 0.1% to 396.55.

The German DAX 30 index advanced 0.2% to close at a record 9,405.30, shrugging off weakness after data showed retail sales fell 0.8% from September and sales volumes hit the lowest level since December 2013. Analysts were expecting an increase of 0.5% on the month.

The DAX was also one of the region’s best November performers, advancing 4.1% on the month.

The French CAC 40 index slipped 0.2% to 4,295.21, leaving a monthly gain of just 0.1%, while the FTSE 100 index lost 0.1% to settle at 6,650.57, contributing to a 1.2% November fall.

Shares of Credit Agricole SA rose more than 3% after UBS lifted shares to neutral from sell, after the investment bank upgraded its view of French banks, saying it is more positive on them going into 2014. Shares of Societe Generale SA was removed from the least-preferred list and rose 0.2%.

French banks are “adapting to the post-crisis landscape at a faster pace, and lower P&L cost, then we previously anticipated,” the analysts said.

Gold sees biggest monthly drop since June
Friday short covering rally driven by physical buying, weak dollar


Prices of precious metals rise, aided by a weaker U.S. dollar and bargain hunting, but gold remains on track for its biggest monthly loss since June.

By William L. Watts

NEW YORK (MarketWatch) — Gold futures rose Friday, buoyed by a weaker dollar and bargain hunting, but still finished November with the biggest drop since a June bloodbath.

Gold for February delivery , the most active contract, gained $12.50 an ounce, or 1%, to settle at $1,250.40 in a shortened Comex floor trading session at the New York Mercantile Exchange.

On a continuous basis, gold futures fell nearly 6.5% in November, the largest drop since a 12.2% decline in June, according to FactSet data. Gold is off more than 25% since the beginning of the year.

March silver futures advanced 34 cents, or 1.7%, to $20.02 an ounce. Silver saw a monthly fall of nearly 10%, according to FactSet, also the largest decline since June.

New York traders were playing a bit of “catch up” to gains seen a day earlier when U.S. markets were closed for Thanksgiving, while “opportunistic buying” in the physical market this week also provided a modicum of support, said Andrey Kryuchenkov, London-based commodities strategist at VTB Capital, in a phone interview. Pit trading in Comex metals closes early Friday at 12:30 P.M. Eastern.

Still, the overall trend for gold remains lower, Kryuchenkov said, with a generally stronger dollar, continued shedding of gold by exchange-traded funds and global economic cues set to keep pressure on the yellow metal.

Gold has seen heavy pressure since this spring when Treasury yields began to rise in anticipation of the Federal Reserve beginning to scale back the flow of its bond purchases. Gold had rallied sharply after the collapse of the housing bubble ushered in a global financial crisis in 2007 and 2008, prompting the Federal Reserve and other major central banks to aggressively loosen monetary policy and pursue unorthodox measures to boost the economy, including quantitative easing.

Gold futures peaked above $1,900 an ounce in September 2011. Gold and other precious metals were boosted in part on fears the aggressive actions would spark a rise in inflation while debasing major paper currencies. Instead, inflation remains low, with central bankers more preoccupied by disinflation and fears of outright deflation.

Meanwhile, the ICE dollar index lost 0.2% to trade at 80.562 on Friday. A weaker dollar can lift commodities priced in the currency.

In other metals trading, January platinum rose $16.10 an ounce, or 1.2%, to $1,368.80, while March palladium advanced $3 to $719.65 an ounce. March high-grade copper gained 2 cents, or 0.7%, to $3.21 a pound.

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
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