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 Post subject: June 22nd Monday Trade Results - Profit $1680.00
PostPosted: Tue Jun 23, 2015 1:33 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
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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)
wrbanalysis@gmail.com (24/7)
http://twitter.com/wrbtrader (24/7)

Attachment:
062215-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+1680.00.png
062215-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+1680.00.png [ 93.07 KiB | Viewed 318 times ]

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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $180.00 dollars or +1.80 points, Emini ES ($ES_F) futures @ $1,500.00 dollars or +30.00 points, Light Crude Oil CL ($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 @ $1,680.00 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

Trade Log: All of my trades were posted real-time in the timestamp ##TheStrategyLab free chat room. You can read today's price action trading information about my trades (e.g. time, price entry, contract size, price exit) as the trade traversed to its completion. Also, sometimes I'll post real-time trading tips in ##TheStrategyLab chat room involving WRBs, WRB Hidden GAPs, Key Market Events (KME), Tutorial Chapters 2 & 3, WRB Zones, Reaction Highs/Lows, Contracting Volatility or Expanding Volatility. Its all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=144&t=2104

Quote:
All of my real-time posted trades involves price action concepts from the WRB Analysis free study guide, Advance WRB Analysis Tutorial Chapters 4 - 12 and the Volatility Trading Report (VTR) trade signal strategies. Analysis -----> Trade Signals

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 ##TheStrategyLab Chat Room is free. Members and I use the chat room to post WRB Analysis commentary, real-time trades and to post anything else related to trading. The chat room helps me tremendously in my own trading because I use it to document (journal) general volatility analysis involving WRB Analysis so that I can easily review at a later date my thoughts as I interacted with the markets...info I can not get from my broker statements. Also, this is not a signal calling chat room where a head trader tells you when to buy or sell and I do not have the time/energy/resources to manage a signal calling chat room. Access instructions for chat room @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Image Price Action Analysis via Advance WRB Analysis Tutorial Chapters @ 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

Analysis -----> Trade Signals

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 (answering your questions) prior to purchasing the Volatility Trading Report (VTR). All WRB Analysis Tutorial Chapters 1 - 12 are included in the purchase of the Volatility Trading Report (VTR).

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=265&t=2781 contains brief information about trading plan, market context, brokers, trading time frames, position size management and other discussions.

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

Market Context Summaries

The below summaries by Bloomberg, Briefing, 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. Further, most financial websites remove (delete) their archives after a few years to make room for new content. Therefore, I maintain my own archives of the news content so that I have it available for me when financial websites no longer archives their content.

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


4:10 pm: [BRIEFING.COM] The stock market opened the new trading week on a higher note with the Dow and S&P 500 gaining 0.6% apiece while the Nasdaq Composite (+0.7%) outperformed.

Equity indices spent the entire Monday session in the green with investor sentiment receiving a boost from reports indicating Greek officials submitted a new proposal to the Eurogroup. However, regional officials did not share the market's optimism with Germany's Finance Minister Wolfgang Schaeuble saying he does not see anything new in the proposal. The Eurogroup met briefly today, setting the stage for tonight's emergency Euro Summit that was called by European Council President Donald Tusk.

Today's developments pressured global bonds with Germany's 10-yr bund yield spiking 12 basis points to 0.88%. Similarly, the U.S. 10-yr note retreated throughout the day, sending its yield higher by ten basis points to 2.36%.

Some of the outflows from the Treasury market made their way into equities as nine of ten sectors posted gains while the rate-sensitive utilities sector (-0.1%) was pressured by today's increase in yields.

Meanwhile, another countercyclical sector-health care (+0.8%)-spent the day among the leaders thanks to strength in biotechnology and insurance names. The iShares Nasdaq Biotechnology ETF (IBB 383.16, +5.68) gained 1.5% while Cigna (CI 162.65, +7.39) climbed 4.8% after rejecting Anthem's (ANTM 171.05, +5.99) offer at $184/share. Also of note, The Wall Street Journal reported that Aetna (AET 128.12, +4.05) offered to acquire Humana (HUM 189.94, -12.37) for an undisclosed amount.

Over on the cyclical side, three of six sectors-energy (+1.0%), financials (+0.8%), and technology (+0.7%)-settled ahead of the broader market with energy boosted by a 26.0% spike in the shares of Williams Companies (WMB 60.93, +12.59) after the company rejected an offer to merge with Energy Transfer Equity (ETE 65.06, -3.33) as part of an all-stock transaction valued at $64/share. For its part, crude oil erased its overnight loss to end higher by 0.6% at $60.01/bbl.

Elsewhere, the top-weighted technology sector received support from some of its largest components like Apple (AAPL 127.61, +1.01), Intel (INTC 32.26, +0.19), and Qualcomm (QCOM 67.36, +0.48) with the trio gaining between 0.6% and 0.8%.

Today's participation was below recent averages as fewer than 700 million shares changed hands at the NYSE floor.

Economic data was limited to Existing Home Sales, which increased 5.1% in May to 5.35 million SAAR from an upwardly revised 5.09 million (from 5.04 million) in April while the Briefing.com consensus expected an increase to 5.26 million

That was the most existing homes sold in one month since November 2009 when 5.44 million were sold
Much of the gain came from an increase in first-time home buyers who accounted for 32% of all sales in May, up from 30% observed in April, representing the largest contribution since September 2012

Tomorrow, May Durable Orders (Briefing.com consensus -0.5%) will be reported at 8:30 ET while the FHFA Housing Price Index for April will be released at 9:00 ET. The day's data will be topped off with the 10:00 ET release of May New Home Sales (consensus 525K)

Nasdaq Composite +8.8% YTD
Russell 2000 +7.3% YTD
S&P 500 +3.1% YTD
Dow Jones Industrial Average +1.7% YTD

3:40 pm: [BRIEFING.COM]

Gold and natural gas futures remained in the red all day, while strength in the dollar index helped contribute to this weakness
WTI crude oil posted modest gains today, ending just above the $60/level (up $0.37)
July nat gas, however, ended $0.09 at $2.73/MMBtu
Aug gold lost 1.5% today to $1180.40/oz, while July silver rose $0.03 to $16.15/oz

2:55 pm: [BRIEFING.COM] The S&P 500 trades higher by 0.7% with one hour remaining in today's session. The benchmark index has slipped from its best level of the day and is set to begin the final hour of action near its opening level.

Nine sectors continue holding gains while the utilities sector (-0.1%) has returned into negative territory. On the upside, four of the remaining nine groups continue trading ahead of the broader market with energy (+1.0%), financials (+0.9%), and health care (+0.9%) jockeying for the lead.

Elsewhere, Treasuries have been pinned to their lows throughout the afternoon with the 10-yr yield higher by nine basis points at 2.35%.

2:25 pm: [BRIEFING.COM] Not much change in the market with the S&P 500 (+0.7%) trading about six points below its best level of the day.

The health care sector (+0.9%), which led at the start, remains among the top performers, but the energy sector (+1.0%) has claimed the leading spot not long ago. The sector has been boosted by a 23.6% surge in Williams Companies (WMB 89.73, +11.39) after the company rejected an offer to merge with Energy Transfer Equity (ETE 70.00, +1.61) as part of an all-stock transaction valued at $64/share.

Also of note, crude oil has reversed from an earlier loss with the pit close approaching. The energy component is now up 0.5% at $60.25/bbl.

1:55 pm: [BRIEFING.COM] The major averages sit near the middle of their trading ranges.

After a lackluster April, home sales rebounded in May.

Existing home sales increased 5.1% in May to 5.35 mln SAAR from an upwardly revised 5.09 mln (from 5.04 mln) in April. The Briefing.com Consensus expected existing home sales to increase to 5.26 mln.

That was the most existing homes sold in one month since November 2009 when 5.44 mln were sold.

The underlying dynamics were strong in May.

Much of the gain came from an increase in first-time home buyers. First-time buyers are the lifeblood of home buying demand. These buyers accounted for 32% of all sales in May. That was up from 30% in April and was the largest contribution since September 2012.

1:30 pm: [BRIEFING.COM] The major indices are slightly lower since our last update, surrendering a mild portion of their earlier gains.

A look inside the Dow Jones Industrial Average shows Goldman Sachs (GS 216.16, +2.97), JP Morgan (JPM 69.00, +0.92) and Merck (MRK 58.80, +0.76) are outperforming. Goldman is higher amid general strength in financials, while JP Morgan and Merck both received position mentions in Barron's over the weekend.

Conversely, Cisco (CSCO 28.86, -0.17) is the worst-performing Dow component.

To start out the week, the DJIA is up 0.5% and 0.56% in June.

12:55 pm: [BRIEFING.COM] The major averages hold solid midday gains with the Dow, Nasdaq, and S&P 500 all up near 0.7% apiece.

Equity indices rallied out of the gate amid optimism that Greece would be able to secure a deal with its creditors. The market has cheered weekend news indicating Greek leaders have submitted a new proposal to the Eurogroup. However, regional officials have not shared the market's optimism with Germany's Finance Minister Wolfgang Schaeuble saying he does not see anything new in the proposal.

Today's developments have weighed on global bonds with Germany's 10-yr bund yield spiking 12 basis points to 0.88%. Similarly, the U.S. 10-yr note sits on its low with the benchmark yield up nine basis points at 2.35%.

All ten sectors trade in the green with health care (+1.0%) in the lead. The sector has benefitted from expectations that several names could be the subject of M&A activity. Cigna (CI 164.16, +8.90) has jumped 5.7% after rejecting Anthem's (ANTM 172.08, +7.02) $184/share offer while Humana (HUM 199.90, -2.41) is lower by 1.2% after receiving an undisclosed offer from Aetna (AET 129.07, +5.00).

Elsewhere among countercyclical sectors, the consumer staples space (+0.4%) holds a modest gain while telecom services (+0.2%) and utilities (unch) hover near their flat lines.

Over on the cyclical side, heavily-weighted technology (+0.7%) and financials (+0.9%) trade ahead of the broader market while the other growth-sensitive groups display slimmer gains. Interestingly, the energy sector (+0.9%) trades among the leaders even though crude oil is lower by 0.7% at $59.57/bbl.

Economic data was limited to Existing Home Sales, which increased 5.1% in May to 5.35 million SAAR from an upwardly revised 5.09 million (from 5.04 million) in April while the Briefing.com consensus expected an increase to 5.26 million

That was the most existing homes sold in one month since November 2009 when 5.44 million were sold
Much of the gain came from an increase in first-time home buyers who accounted for 32% of all sales in May, up from 30% observed in April, representing the largest contribution since September 2012

12:25 pm: [BRIEFING.COM] Equity indices have backed away from their best levels of the day, but they continue holding solid gains with the S&P 500 (+0.7%) hovering about five points below its high.

Three of six cyclical sectors trade ahead of the broader market with energy (+0.9%), technology (+0.8%), and financials (+0.9%) showing relative strength. Notably, the energy sector has traded among the leaders even though crude oil is lower by 0.6% at $59.61/bbl. The energy component has had to contend with some greenback strength as the Dollar Index (94.29, +0.21) trades higher by 0.2%.
Related Quotes

12:00 pm: [BRIEFING.COM] Not much change in the market with the key indices trading near their session highs. The S&P 500 (+0.8%) hovers about two points below its best level of the day with all ten sectors in the green.

The health care sector (+1.1%) is back in the lead after briefly slipping behind financials (+1.0%). However, both groups are among this month's leaders with health care showing a month-to-date gain of 2.4% while the financial sector has climbed 2.7% since the end of May. Today's relative strength in health care comes as investors pile into insurer names, expecting potential mergers in the near future. Cigna (CI 164.16, +8.90) remains higher by 5.7% after rejecting Anthem's (ANTM 172.08, +7.02) $184/share offer.

Elsewhere, Treasuries hover near their session lows with the 10-yr yield up nine basis points at 2.35%.

11:25 am: [BRIEFING.COM] Equity indices continue holding solid gains with the S&P 500 (+0.9%) trading just a step ahead of the Nasdaq Composite (+0.8%). Despite today's slight underperformance, the Nasdaq has extended into record territory.

Large cap tech sector (+0.9%) components like Apple (AAPL 127.72, +1.12), Google (GOOGL 564.21, +6.69), and Microsoft (MSFT 46.67, +0.57) are up between 0.9% and 1.2% while high-beta chipmakers trade with slimmer gains. Still, the PHLX Semiconductor Index has added 0.6%.

Elsewhere, biotechnology has also contributed to the Nasdaq's strength, evidenced by a 1.3% gain in iShares Nasdaq Biotechnology ETF (IBB 382.48, +4.99).

10:55 am: [BRIEFING.COM] The major averages have extended their early gains with the S&P 500 now up 0.8%.

All ten sectors are now in the green with the utilities space (+0.3%) joining the rally after showing a modest loss at the start of the session. In all likelihood, the rate-sensitive sector underperforms as today's spike in Treasury yields (10-yr yield +9 bps to 2.35%) makes utility stocks a bit less attractive relative to Treasuries.

Over on the cyclical side, the financial sector (+1.1%) leads while top-weighted technology (+0.8%) follows a bit behind. Similarly, the energy sector (+0.9%) trades ahead of the broader market while consumer discretionary (+0.6%), industrials (+0.6%), and materials (+0.3%) lag.

10:35 am: [BRIEFING.COM]

The dollar index saw a modest rally from overnight lows in early trade, but has recently pull-backed to give up moderate gains.
Movements in the dollar have put pressure on commodities so far this session, without offering much support on its recent sell-off. The index is now flat at 94.07
Macro-economic sentiment emanating from Europe drove crude oil higher in early am trading, while natural gas has been notably lower all session, amidst a lack of positive catalysts following last week's US inventory data release.
Most recently however, crude has seen an gradual, extended sell-off as headlines have begun to re-focus market sentiment on concerns for impending over-supply
July crude is now -0.8% to $59.50/barrel while July natural gas is currently -2.7% to $2.74/barrel
Gold has been pressed lower all session, failing to see support from the dollar's strength reversal, and is near its LoD at -1.6% to $1183.10/oz
Both silver and copper are flat on the session, as mixed global economic cues have not offered definitive directional catalysts.
July silver is +0.1% at $16.13/oz and July copper is -0.1% to $2.57/lb

10:00 am: [BRIEFING.COM] The S&P 500 trades higher by 0.7%.

Just reported, Existing Home Sales for May increased 5.1% from April to an annualized rate of 5.35 million units while the Briefing.com consensus expected a reading of 5.26 million.

9:40 am: [BRIEFING.COM] As expected, the major averages began the trading day with solid gains. The S&P 500 trades higher by 0.6% with nine of ten sectors showing early gains.

The heavily-weighted health care sector (+0.9%) has seized the lead in the early going thanks to M&A activity within the sector. Most notably, Cigna (CI 165.83, +10.57) has surged 6.7% after turning down an acquisition offer from Anthem (ANTM 170.56, +5.50).

Elsewhere among influential sectors, financials (+0.9%) and technology (+0.7%) also trade ahead of the broader market.

On the downside, the utilities sector (-0.3%) holds a modest loss.

The Existing Home Sales report for May (Briefing.com consensus 5.26 million) will be released at 10:00 ET.

9:09 am: [BRIEFING.COM] S&P futures vs fair value: +13.40. Nasdaq futures vs fair value: +32.60. The stock market is on track for a sharply higher open as futures on the S&P 500 trade 13 points above fair value.

Index futures climbed overnight amid optimism that a deal between Greece and its creditors will be reached after Greek officials submitted a new proposal over the weekend. However, comments made by regional finance ministers suggest that the proposal remains unacceptable to the creditors.

The Eurogroup met briefly today with Chief Jeroen Dijsselbloem calling the Greek proposal a 'positive step.' Mr. Dijsselbloem added that another Eurogroup meeting will be held later this week.

Germany's 10-yr bund slumped overnight, sending its yield higher by nine basis points at 0.85%. Similarly, selling in the U.S. 10-yr note has run its yield higher by five basis points to 2.31%.

On the corporate front, Humana (HUM 207.25, +4.94) has jumped 2.4% in pre-market after receiving an undisclosed offer from Aetna (AET 127.15, +3.08). In other sector news, Cigna (CI 167.12, +11.86) has spiked 7.6% after rejecting Anthem's (ANTM 169.00, +3.94) acquisition offer for $184/share.

Today's data will be limited to the 10:00 ET release of the Existing Home Sales report for May (Briefing.com consensus 5.26 million).

8:54 am: [BRIEFING.COM] S&P futures vs fair value: +9.70. Nasdaq futures vs fair value: +26.80. The S&P 500 futures trade ten points above fair value.

The Asian equity markets closed higher this morning on optimism that a deal would be struck between Greece and its creditors. The high hopes prompted a rally in global equities with Asia getting the first opportunity to advance. Japan's Nikkei gained more than 1.0%, led by Consumer Discretionary and Telecom Sectors, both of which gained 1.8%. China was closed for public holiday.

In economic data:
Hong Kong's May CPI 3.0%, as expected (prior 2.8%)
New Zealand's Q2 Westpac Consumer Sentiment fell to 113.0 from 117.4

------

Japan's Nikkei increased 1.3%, Trade was bolstered by the optimistic reports out of Europe that a deal Greece and the IMF would get done. The Consumer Discretionary sector (+1.8%) led a broad-based advance that saw only Industrials (Unch) not participate. As such, Fast Retailing posted a strong 3.3% gain to lead the charge in the consumer space.
Hong Kong's Hang Seng increased 1.2%, led by strength in the financials (+1.1%). China Construction Bank (+1.3%) and Bank of China (+1.8%) outpaced the broader market.
China's Shanghai Composite was closed for its Dragon Boat Festival Holiday.

Major European indices trade higher across the board after surging in reaction to reports that Greek officials presented a new proposal to the creditors. However, the proposal has been deemed as insufficient by several officials, including Germany's Finance Minister Wolfgang Schaeuble. On a related note, the European Central Bank has increased Greece's Emergency Liquidity Assistance limit for the third time in six days as capital continues flowing out of the country's banking system.

Investors did not receive any economic data today

------

UK's FTSE is higher by 1.1% with consumer names among the leaders. Carnival has jumped 4.2% after receiving an upgrade while Sky, International Consolidated Airlines, and Unilever shown gains between 2.1% and 3.2%. Miners lag with Anglo American, Fresnillo, and Randgold Resources down between 0.7% and 1.8%.
In France, the CAC has climbed 2.3% with all but one name taking part in the advance. Bouygues has soared 13.9% after receiving an offer for its mobile-phone unit from Altice. Telecom provider Orange follows not far behind, trading higher by 7.0%. On the downside, Technip has given up 2.2%.
Germany's DAX trades up 2.5% with all 30 components showing gains. Exporter BMW leads with a gain of 5.2% while BASF, Bayer, Daimler, and Siemens are up between 2.7% and 3.5%.

8:27 am: [BRIEFING.COM] S&P futures vs fair value: +10.60. Nasdaq futures vs fair value: +28.60. U.S. equity futures remain near their pre-market highs amid comparable strength in Europe as optimism runs high that a Greek debt deal will be reached soon. However, the "new" proposal brought forth by Greece is not being viewed as new by several regional Finance Ministers, including Germany's Wolfgang Schaeuble.

That being said, the surrounding market optimism has weighed on global bonds with Germany's 10-yr bund yield spiking seven basis points to 0.83%. Similarly, the U.S. 10-yr note sits on its low with the benchmark yield up six basis points at 2.32%.

Also of note, the Dollar Index (94.15, +0.06) is higher by 0.1% with the greenback trading flat versus the euro (1.1359) and climbing 0.3% against the yen (123.13).

7:55 am: [BRIEFING.COM] S&P futures vs fair value: +12.80. Nasdaq futures vs fair value: +33.20. U.S. equity futures hold solid pre-market gains amid upbeat action overseas. The S&P 500 futures hover 13 points above fair value after climbing alongside European equities amid optimism that a deal between Greece and its creditors will be sealed after the submission of a new proposal. However, it is worth noting that nothing has been made official as of yet.

Meanwhile, Treasuries hover near their lows with the 10-yr yield up seven basis points at 2.33%.

Today's data will be limited to the 10:00 ET release of the Existing Home Sales report for May (Briefing.com consensus 5.26 million).

In U.S. corporate news of note:

Carnival (CCL 50.57, +1.65): +3.4% after Deutsche Bank upgraded the stock to 'Buy' from 'Hold.'
Cigna (CI 167.50, +12.24): +7.9% after rejecting Anthem's (ANTM 165.06, 0.00) acquisition offer for $184/share.
Humana (HUM 207.25, +4.94): +2.4% after receiving an undisclosed offer from Aetna (AET 125.00, +0.93).
Williams Companies (WMB 61.90, +13.55): +28.1% after receiving an offer to merge with Energy Transfer Equity (ETE 70.00, +1.61) as part of an all-stock transaction valued at $53.10 billion.
Micron (MU 24.14, -0.33): -1.4% after Goldman Sachs downgraded the stock to 'Sell' from 'Neutral' and lowered its price target to $19 from $27.

Reviewing overnight developments:

Asian markets ended higher. Hong Kong's Hang Seng +1.2%, Japan's Nikkei +1.3%, and China's Shanghai Composite was closed for Dragon Boat Festival
In economic data:
Hong Kong's May CPI 3.0%, as expected (prior 2.8%)
New Zealand's Q2 Westpac Consumer Sentiment fell to 113.0 from 117.4
In news:
Japan's Nikkei outperformed amid reports companies are showing increased willingness to boost their capital spending

Major European indices trade higher across the board. UK's FTSE +1.2%, France's CAC +2.8%, and Germany's DAX +3.0%. Elsewhere, Italy's MIB +2.0% and Spain's IBEX +2.7%
Investors did not receive any notable economic data
Among news of note:
European indices have surged following reports that Greek officials presented a new proposal to the creditors, but the proposal has been deemed as insufficient by several individuals, including Germany's Finance Minister Wolfgang Schaeuble
The European Central Bank has increased Greece's Emergency Liquidity Assistance limit for the third time in six days as capital continues flowing out of the country's banking system

5:57 am: [BRIEFING.COM] S&P futures vs fair value: +14.00. Nasdaq futures vs fair value: +35.90.

5:57 am: [BRIEFING.COM] Nikkei...20428.19...+254.00...+1.30%. Hang Seng...27080.85...+320.30...+1.20%.

5:57 am: [BRIEFING.COM] FTSE...6797.69...+87.20...+1.30%. DAX...11396.48...+356.40...+3.20%.

Special thanks to Bloomberg, Briefing, 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
wrbanalysis@gmail.com
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