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 Post subject: August 22nd Tuesday Trade Results - No Trades
PostPosted: Tue Aug 22, 2017 11:20 pm 
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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)
TheStrategyLab Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Archive Real-Time Chat Logs (timestamp, entries/exits, position size): http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=20
Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
TheStrategyLab Reviews: http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
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http://twitter.com/wrbtrader (24/7)

Quote:
No trades today for me due to data problems, computer problems and internet problems. Simply, just a crappy day with my network...I get a few of these per year. Its my first one as such this year.

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $0.00 dollars or +0.00 points, Light Crude Oil CL ($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 @ $0.00 dollars

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis.

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

Today's Trade Log: All of my live trades are posted real-time in the timestamp ##TheStrategyLab free chat room via the user name wrbtrader for anyone to do a real-time review. The live trade is posted 3.2 seconds on average after the trade confirmation via an auto script to minimize delays in posting of my trades. You can review today's price action trade journal about my trades (e.g. time, price entry, contract size, price exit, market analysis) as the trade traversed to its completion. In addition, sometimes I'll post real-time trading tips in the free ##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 even though the free chat room is not design to be an education chat room because the education is only performed at the forums in the private threads. Its all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=170&t=2628

Image ##TheStrategyLab Chat Room is free. The free chat room is not a signal calling trading room. I do not mentor (never have) although I get many requests to do mentoring. There is education but only in members private threads at the forum involving members asking questions (help) about their own trading. Thus, the primary purpose of TheStrategyLab free chat room is for you to use as your trade journal so that you can use as valuable feedback and for members to help each other...as in more eyes on the market. In addition, we highly recommend that you use the free chat room with a professional trade journal software like tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com because they can provide you with the quantitative statistical analysis of your trading. You can then download your results and post them in your private thread at the forum. Also, you can use TheStrategyLab free chat room to ask real-time WRB Analysis questions. Yet, please do not post your brokerage statements in the free chat room. Instead, its highly recommended that you only post your brokerage statements in your private thread for security reasons. TheStrategyLab free chat room is on IRC via users request because the IRC servers are located in many different countries, software in many different languages, many different mobile apps and many different types of social media software can be used to log in. I'm the moderator of the free chat room via the user name wrbtrader. Thus, I keep the peace between members without hesitation in removing trouble makers so that members can peacefully post their market observations, trades, WRB Analysis commentary about the markets without being trolled.

TheStrategyLab free chat room is not for traders looking for someone to hold their hands and tell them when to buy or sell. TheStrategyLab is for you to post your real-time analysis or trades so that you can review as feedback for any trading day to provide valuable information about the results in your broker statements. Access instructions for chat room @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

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 for you to review 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 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 Daily Trading Plan Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=327&t=3486 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 for easy review 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 PnL 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

The Market at 04:30PM ET
Dow: +196.14… | Nasdaq: +84.35… | S&P: +24.14…
NASDAQ Vol: 1.59 bln… Adv: 2024… Dec: 858…
NYSE Vol: 688.2 mln… Adv: 2092… Dec: 818…

Moving the Market

President Trump's team has made significant progress on tax reform, according to Politico

Top-weighted technology sector bounces back from three-day slide

Sector Watch
Strong: Technology, Materials, Health Care
Weak: Energy, Consumer Staples, Utilities, Real Estate
04:30PM ET

[BRIEFING.COM] Wall Street rallied on Tuesday as investors bought the dip that has dented the major averages in recent weeks. Equities crept higher throughout the morning, hit some resistance at the S&P 500's 50-day simple moving average (2,450.29), and then overcame the key technical level in the late afternoon. The Nasdaq (+1.4%) led the advance, followed by the S&P 500 (+1.0%), and then the Dow (+0.9%).

Tax reform came back into focus on Tuesday following a Politico report that President Trump's team has made significant progress on a tax-reform proposal. The potential framework laid out in the article fell somewhat short of the market's original expectations, but Wall Street took it as a positive nonetheless as investors have been starved for some sense of progress on tax reform.

Strength was broad-based on Tuesday with six sectors--financials, consumer discretionary, industrials, materials, technology, and health care--settling with gains of at least 1.0%. The top-weighted technology sector (+1.5%) led the charge, breaking a three-session losing streak. Within the tech group, chipmakers showed notable strength, sending the PHLX Semiconductor Index higher by 1.6%.

Like chipmakers, biotechnology names outperformed, evidenced by the 1.9% increase in the iShares Nasdaq Biotechnology ETF (IBB 310.52, +5.84). The biotech rally helped the influential health care sector (+1.2%) settle just a step below the technology group at the top of the sector standings. The lightly-weighted materials space also outperformed, adding 1.2%.

On the flip side, the consumer staples (unch), utilities (+0.2%), and real estate (-0.1%) sectors struggled, finishing solidly behind the broader market. The energy space (+0.7%) did notably better, but also finished a ways behind the broader market. Crude oil reclaimed some of Monday's plunge, climbing 0.6% to $47.64/bbl, but not enough to really excite the bulls within the energy space.

In the bond market, U.S. Treasuries tumbled across the yield curve with longer-dated issues settling at their session lows. The benchmark 10-yr yield climbed four basis points to 2.22% while the 2-yr yield advanced three basis points to 1.32%. Meanwhile, the U.S. Dollar Index (93.45, +0.45) jumped 0.5%, reclaiming all of Monday's slide.

Reviewing Tuesday's economic data, which was limited to the FHFA Housing Price Index for June:

The FHFA Housing Price Index for June rose 0.1%. The prior month's reading was revised to 0.3% (from 0.4%).

On Wednesday, investors will receive just two pieces of economic data--the weekly MBA Mortgage Applications Index and July New Home Sales (Briefing.com consensus 615K). The two reports will cross the wires at 7:00 ET and 10:00 ET, respectively.

Nasdaq Composite +17.0% YTD
Dow Jones Industrial Average +10.8% YTD
S&P 500 +9.5% YTD
Russell 2000 +1.0% YTD

Dow: +196.14… | Nasdaq: +84.35… | S&P: +24.14…

NASDAQ Adv/Dec 2024/858. …NYSE Adv/Dec 2092/818.

02:55PM ET

[BRIEFING.COM] The major averages are trading near their best marks of the day with just one hour remaining in Tuesday's session. The S&P 500 is sporting a gain of 0.9%.

Nine of eleven sectors are trading in the green moving into the final stretch. The technology (+1.2%), materials (+1.2%), health care (+1.1%), and industrials (+1.1%) spaces show relative strength while the energy (+0.6%), utilities (+0.1%), consumer staples (unch), and real estate (-0.1%) groups show relative weakness.

On the earnings front, two notable companies--Salesforce.com (CRM 93.01, +1.24) and Intuit (INTU 137.53, +1.62)--will report their quarterly results tonight and then another--Lowe's (LOW 75.37, +1.52)--will step up to the plate tomorrow morning.

Dow: +184.00… | Nasdaq: +81.00… | S&P: +23.00…

NASDAQ Adv/Dec 2026/881. …NYSE Adv/Dec 2097/789.

02:45PM ET

[BRIEFING.COM] Commodities end the day slightly lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.08% at 82.9720
Dollar index is currently up 0.49% at 93.55.
Oct WTI crude is up on the day.
API inventory data will be release after the bell at 4:20 pm ET.
Futures settled $0.29 higher to $47.85/barrel.
In other energy, Sept natural gas settled down $0.02 at $2.94/MMBtu
Precious metals settled down on the day:
Dec gold lost $5.80 to settle at $1290.90/oz, while September silver dropped $0.02 to $16.99/oz
September copper gained $0.01 to $2.99/lb
Finally, agriculture:
September corn settled $0.02 lower at $3.60/bu.
November soy settled up $0.03 at $9.38/bu.
September wheat settled down $0.07 at $4.30/bu.

Dow: +181.21… | Nasdaq: +82.05… | S&P: +22.7…

NASDAQ Adv/Dec 2023/874. …NYSE Adv/Dec 2093/801.

02:30PM ET

[BRIEFING.COM] The S&P 500 (+0.9%) has ticked up in recent action to challenge its 50-day simple moving average (2,450.20) once again.

There isn't a specific catalyst behind today's advance. Rather, investors are trying their hand at buying the dip that has dented the major averages in recent weeks. Today's rally leaves the benchmark index about 1.3% below its record-high close of 2,480.91, which it booked just over two weeks ago on August 7.

U.S. Treasuries have slipped to fresh session lows in recent action, driving the benchmark 10-yr yield four basis points higher to 2.22%.

Dow: +184.00 … | Nasdaq: +81.00… | S&P: +22.00…

NASDAQ Adv/Dec 2047/877. …NYSE Adv/Dec 2075/799.

02:00PM ET

[BRIEFING.COM] Equity indices continue drifting along this afternoon, hovering near their best marks of the day. The S&P 500 is higher by 0.8%.

The lightly-weighted materials sector (+1.0%) has been strong throughout today's session with copper-mining giant Freeport-MCMoRan (FCX 15.11, +0.39) leading the advance, climbing 2.7%. Today's gain places FCX at a fresh six-month high.

Copper has been bullish over the last four weeks, climbing 9.4% above its July 24 closing price. The metal got off to a good start this morning, climbing as high as +1.1%, but eventually ended pit trade higher by just 0.2% at a price of $2.99/lb.

Dow: +162.00… | Nasdaq: +70.00… | S&P: +19.00…

NASDAQ Adv/Dec 2004/917. …NYSE Adv/Dec 2043/830.

01:35PM ET

[BRIEFING.COM] The major U.S. indices continue to bolster meaningful gains in afternoon trading as stocks surge in today's session.

A look inside the Dow Jones Industrial Average shows that Cisco (CSCO 31.29, +0.61), Caterpillar (CAT 115.52, +1.92), & Apple (AAPL 159.78, +2.57) are outperforming amid broad market strength.

Conversely, Intel (INTC 34.73, -0.19) is the worst-performing Dow component as shares see an extension of recent selling pressure.

Charging higher today, the DJIA has now trimmed its August losses to 0.11%.

Dow: +161.39… | Nasdaq: +73.47… | S&P: +20.08…

NASDAQ Adv/Dec 2028/866. …NYSE Adv/Dec 2037/828.

01:00PM ET

[BRIEFING.COM] The stock market crept higher throughout the first half of Tuesday's session, but has hit some resistance in recent action at the S&P 500's 50-day simple moving average (2,450.20). The benchmark index is currently up 0.8%, hovering between the Nasdaq (+1.1%) and the Dow (+0.7%).

Today's session has had a risk-on tone with cyclical sectors largely outperforming their countercyclical peers. For instance, three of the four countercyclical groups--consumer staples (-0.1%), utilities (-0.1%), and telecom services (+0.4%)--are currently trading behind the broader market. However, the defensive-oriented health care sector (+1.0%) is trading near the top of the sector standings.

Within the health care group, biotech names have exhibited particular strength, evidenced by the 1.6% increase in the iShares Nasdaq Biotechnology ETF (IBB 309.55, +4.87).

In total, eight of the eleven sectors are trading in the green with the top-weighted technology sector (+1.2%) pacing the advance. The tech group has bounced back from a three-day slide amid broad strength with mega-cap names like Apple (AAPL 159.60, +2.40) and Alphabet (GOOGL 938.37, +17.50) adding 1.5% and 1.9%, respectively.

There hasn't been a particular catalyst for today's advance, but a Politico report that President Trump's team has made significant progress on a tax reform plan has likely contributed to the bullish bias.

The risk-on tone is present outside of the equity market as well, sending safe-haven assets into the red. U.S. Treasuries are down across the curve, pushing the 10-yr yield two basis points higher to 2.20%. Meanwhile, gold is down 0.4% at $1,291.73/ozt and the Japanese yen has slipped 0.4% against the U.S. dollar to 109.42.

Also of note, the CBOE Volatility Index (VIX 11.84, -1.35) has dropped 10.2% in today's session and currently hovers near its lowest mark in two weeks.

Reviewing Tuesday's economic data, which was limited to the FHFA Housing Price Index for June:

The FHFA Housing Price Index for June rose 0.1%. The prior month's reading was revised to 0.3% (from 0.4%).

Dow: +152.00… | Nasdaq: +71.00… | S&P: +19.50…

NASDAQ Adv/Dec 1979/892. …NYSE Adv/Dec 1989/862.

12:25PM ET

[BRIEFING.COM] The major U.S. indices have ticked up to new session highs in recent action with the benchmark S&P 500 extending its gain to 0.9%.

Biotech names are trading solidly higher this afternoon, sending the iShares Nasdaq Biotechnology ETF (IBB 310.30, +5.62) higher by 1.8%. Vertex Pharmaceuticals (VRTX 153.80, +4.80) and Alexion Pharmaceuticals (ALXN 137.49, +4.06) are pacing the biotech rally with gains of 3.3% and 3.0%, respectively.

Unsurprisingly, the health care sector (+1.0%) is trading near the top of the leaderboard amid the biotech rally. Medtronic (MDT 82.08, -1.43) is one of the few health-care components currently trading in the red, losing 1.8%, despite beating bottom-line estimates.

Dow: 151.00… | Nasdaq: 75.00… | S&P: 20.00…

NASDAQ Adv/Dec 2050/828. …NYSE Adv/Dec 1977/861.

12:00PM ET

[BRIEFING.COM] Equity indices are hovering near their recent levels with the Nasdaq (+1.1%) showing relative strength.

Toll Brothers (TOL 36.87, -1.39) has dropped 2.8% in today's session, hitting its lowest level in nearly three months, after reporting slightly worse than expected revenues. The company has acted as a bearish influence for the broader homebuilding industry, evidenced by the 0.2% decrease in the iShares U.S. Home Construction ETF (ITB 33.56, -0.06).

Meanwhile, the consumer discretionary space (+0.9%), which houses homebuilding names, is trading a step ahead of the broader market. The sector's top component by market cap--Amazon (AMZN 965.63, +12.34)--is up 1.3%, looking to break a five-session slide. Starbucks (SBUX 54.41, +1.26) also outperforms, jumping 2.4%.

Dow: +154.00… | Nasdaq: +70.00 … | S&P: +19.00…

NASDAQ Adv/Dec 2004/866. …NYSE Adv/Dec 1953/869.

11:25AM ET

[BRIEFING.COM] The major averages are currently hovering near their best marks of the day with the Dow Jones Industrial Average sporting a gain of 0.6%.

Within the Dow, tech names like Apple (AAPL 159.56, +2.34) and Cisco Systems (CSCO 31.15, +0.47) are among the strongest components, sporting gains of 1.5% and 1.7%, respectively. Industrial-heavyweight Caterpillar (CAT 115.37, +1.77) also shows notable strength, adding 1.5%, and is currently knocking on the door of a fresh all-time high.

On the flip side, American Express (AXP 85.01, -0.29) is the weakest Dow component, dropping 0.3%. A loss today would mark the fourth in a row for the company.

Dow: +127.00… | Nasdaq: +64.00… | S&P: +16.00…

NASDAQ Adv/Dec 1659/869. …NYSE Adv/Dec 1948/862.

10:55AM ET

[BRIEFING.COM] The equity market has been trending sideways as of late, leaving the S&P 500 (+0.6%) within a three-point range over the last hour of trading.

Ten of the eleven sectors are trading in the green this morning with the utilities group (-0.1%) being the lone laggard. The top-weighted technology sector (+1.1%) is hovering atop the day's leaderboard, looking to break a three-session slide. The materials (1.0%) and energy (+0.9%) spaces also exhibit relative strength.

The energy space has benefited from an increase in the price of crude oil, which is currently up 0.9% at $47.94/bbl. The American Petroleum Institute (API) will deliver its weekly crude inventory report following today's closing bell at 16:30 ET.

Dow: 133.00 … | Nasdaq: 61.00… | S&P: 16.00…

NASDAQ Adv/Dec 1952/838. …NYSE Adv/Dec 2005/771.

10:45AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently flat at 83.0616
Dollar index is up 0.41% at 93.48.
Oct WTI crude is up on the day.
Futures are $0.22 higher to $47.75/barrel.
In other energy, Sept natural gas is down $0.018 at $2.944/MMBtu
Precious metals are down:
Dec gold lost $4.00 and trades at $1292.70/oz, while Sept silver dropped $0.035 to $16.98/oz
Sept copper gained $0.0065 to $2.987/lb
Finally, agriculture:
Sept corn is $0.02 at $3.61/bu.
Nov soy is up $0.0225 at $9.385/bu.
Sept wheat is down $0.055 at $4.315/bu.

Dow: +125.67… | Nasdaq: +55.06… | S&P: +14.83…

NASDAQ Adv/Dec 1971/809. …NYSE Adv/Dec 1946/803.

10:00AM ET

[BRIEFING.COM] Equity indices are still higher this morning with the S&P 500 holding a gain of 0.6%.

After underperforming on Monday, the top-weighted technology sector (+0.9%) is trading a step ahead of the broader market this morning. Mega-cap tech names like Apple (AAPL 159.02, +1.83), Microsoft (MSFT 72.91, +0.76), and Alphabet (GOOGL 932.22, +11.73) are outperforming, adding around 1.2% apiece. Chipmakers also show particular strength, sending the PHLX Semiconductor Index higher by 1.1%.

This morning's advance places the tech group back into positive territory for the month (+0.8%). The utilities (+2.3%) and consumer staples (+0.3%) groups are the only other two sectors currently holding month-to-date gains.

Dow: +110.00… | Nasdaq: +48.00… | S&P: +14.00…

NASDAQ Adv/Dec 1940/683. …NYSE Adv/Dec 2027/634.

09:45AM ET

[BRIEFING.COM] The major averages opened Tuesday's session in the green with the S&P 500 sporting a gain of 0.6%.

Nine of the eleven sectors are currently trading higher with gains ranging from 0.2% to 0.8%. The top-weighted technology sector (+0.8%) and the lightly-weighted materials sector (+0.8%) both exhibit relative strength. On the flip side, the utilities (unch) and telecom services (-0.1%) spaces exhibit relative weakness.

In the bond market, U.S. Treasuries are lower across the curve with the benchmark 10-yr yield climbing two basis points to 2.20%. Meanwhile, the 2-yr yield is up one basis point at 1.32%.

Dow: +103.00… | Nasdaq: +47.00… | S&P: +13.00…

NASDAQ Adv/Dec 1901/639. …NYSE Adv/Dec 2077/509.

09:11AM ET

[BRIEFING.COM] S&P futures vs fair value: +7.00. Nasdaq futures vs fair value: +32.40.

Following yesterday's mixed performance, U.S. equities are poised to open Tuesday's session in the green as the S&P 500 futures trade seven points, or 0.4%, above fair value.

A risk-on tone is lingering throughout the financial markets this morning, sending safe-haven assets into the red. U.S. Treasuries are down across the curve, pushing the 10-yr yield three basis points higher to 2.21%. Meanwhile, gold is down 0.4% at $1,291.98/ozt and the Japanese yen has slipped 0.3% against the U.S. dollar to 109.32.

There isn't a specific news item fueling today's positive bias, but it is worth noting that Politico reported that President Trump's aides have made significant progress in preparing a tax overhaul plan.

Only a handful of notable companies reported earnings this morning, including Medtronic (MDT 81.00, -2.52), Toll Brothers (TOL 37.84, -0.42), and DSW (DSW 18.67, +2.98). All three companies beat earnings estimates, but the reactions have been mixed with MDT and TOL dropping 3.0% and 1.1%, respectively, while DSW has spiked 20.0%.

As for economic data, the FHFA Housing Price Index for June rose 0.1%. The prior month's reading was revised to 0.3% (from 0.4%).

Investors will not receive any additional data on Tuesday.

08:50AM ET

[BRIEFING.COM] S&P futures vs fair value: +8.30. Nasdaq futures vs fair value: +36.10.

The S&P 500 futures currently trade eight points, or 0.4%, above fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a mixed, but quiet, note. North Korea's KCNA warned once again that the United States will face revenge for ignoring North Korea's warning and following through with its joint military exercise with South Korea. The Australian Financial Review noted that Chinese restrictions on overseas property development will be a negative to the Australian real estate market.

In economic data:
Hong Kong's July CPI +2.0% year-over-year (last 1.9%)

---Equity Markets---

Japan's Nikkei shed 0.1%. Daikin Industries, Chugai Pharmaceutical, East Japan Railway, West Japan Railway, KDDI, Yamaha, TDK, Dentsu, Fujifilm, and Takeda Pharmaceutical lost between 0.8% and 1.4%. Toshiba outperformed, jumping 3.4% to its August high.
Hong Kong's Hang Seng climbed 0.9% with property names and financials showing relative strength. China Overseas spiked 6.9% in reaction to upbeat results while China Resources Land, Ping An Insurance, Citic Pacific, China Life Insurance, Henderson Land, and BoC Hong Kong advanced between 2.5% and 5.7%. Want Want China was the weakest performer, falling 6.5%.
China's Shanghai Composite added 0.1%. Xinjiang Joinworld, Beijing Wandong Medical Technology, Tongwei, Ningbo Shanshan, Hundsun Technologies, and Fangda Carbon New Material advanced between 3.9% and 5.2%.
India's Sensex edged up 0.1%. Dr. Reddy's Labs and Sun Pharma gained 2.7% and 2.2%, respectively, while financials ICICI Bank, HDFC Bank, and AXIS Bank added between 0.2% and 1.0%. On the downside, Tata Motors, Tata Steel, Bajaj Auto, and Hero MotoCorp lost between 0.3% and 2.0%.

Major European indices trade on a mostly higher note while Italy's MIB (-0.4%) underperforms. Over the weekend, Italy's former Prime Minister Silvio Berlusconi voiced support for launching a parallel currency, an issue that has been discussed in Italy before. Germany's ZEW survey for August showed a pullback in economic expectations, revealing some concerns about future growth. The euro (1.1760) and the pound (1.2825) have both given up about 0.5% against the dollar.

In economic data:
Eurozone ZEW Economic Sentiment 29.3 (expected 34.2; last 35.6)
Germany's August ZEW Economic Sentiment 10.0 (consensus 15.0; last 17.5) and ZEW Current Conditions 86.7 (expected 85.5; last 86.4)
UK's August CBI Industrial Trends Orders 13 (expected 9; last 10). July Public Sector Net Borrowing -GBP760 million (expected -GBP200 million; last GBP5.67 billion)
Spain's trade deficit narrowed to EUR1.30 billion from EUR1.40 billion (expected deficit of EUR2.10 billion)
Swiss July trade surplus expanded to CHF3.51 billion from CHF2.76 billion (expected surplus of CHF2.88 billion)

---Equity Markets---

Germany's DAX is higher by 1.1% amid broad strength. Health care names like Fresenius SE, Bayer, Fresenius ST, and Merck show gains between 1.0% and 2.2% while influential components like Infineon, Continental, SAP, Adidas, and Siemens are up between 0.8% and 1.2%.
UK's FTSE has climbed 0.8% with consumer names like Tesco, Kingfisher, Morrison Supermarkets, Burberry, Marks & Spencer, and Compass rising between 1.1% and 3.3%. Financials like Old Mutual, RSA Insurance, Standard Chartered, and HSBC are up between 0.9% and 1.5%. Provident Financial has plunged 66.8% after lowering its guidance, suspending its dividend, and announcing the resignation of its CEO.
France's CAC trades up 0.8%. Cap Gemini leads, rising 2.0%, while growth-sensitive names like TechnipFMC, Schneider Electric, Total, Michelin, and Peugeot show gains between 1.1% and 1.4%.
Italy's MIB is lower by 0.3% amid losses in most components. Fiat, Saipem, Telecom Italia, Mediobanca, Mediaset, Italgas, and ENI are down between 0.2% and 1.4%.

08:27AM ET

[BRIEFING.COM] S&P futures vs fair value: +6.80. Nasdaq futures vs fair value: +32.50.

The S&P 500 futures currently trade seven points, or 0.4%, above fair value.

A handful of notable companies delivered their quarterly earnings reports this morning, including Medtronic (MDT 82.30, -1.22), Toll Brothers (TOL 37.54, -0.72), and DSW (DSW 18.16, +2.47). All three companies beat earnings estimates, but the reactions have been mixed with MDT and TOL dropping 1.5% and 1.9%, respectively, while DSW has spiked 15.7%.

Following today's closing bell, Salesforce.com (CRM 92.45, +0.69) will headline the earnings front. The large-cap tech company has run up a bit ahead of its release, climbing 5.5% since August 10.

07:55AM ET

[BRIEFING.COM] S&P futures vs fair value: +5.00. Nasdaq futures vs fair value: +27.10.

Wall Street opened the week on a mixed note yesterday as both the S&P 500 and the Dow eked out small victories while the Nasdaq finished just a tick below its flat line, registering its third loss in a row. According to the equity futures, investor sentiment is a little more upbeat this morning with the S&P 500 futures trading five points, or 0.3%, above fair value.

Like yesterday, things have been pretty quiet so far this morning. President Trump gave a speech on U.S. involvement in Afghanistan last night, saying that the U.S. will remain engaged in the region while taking a tougher approach on neighboring Pakistan, which has been accused of being a safe haven for terrorist organizations.

Also of note, Politico has reported that President Trump's top aides and congressional leaders have made significant strides in shaping a tax overhaul.

U.S. Treasuries are trading lower in early action, giving back yesterday's modest advance, with the benchmark 10-yr yield climbing two basis points to 2.20%. Meanwhile, the U.S. Dollar Index (93.42, +0.42) is back at its flat line for the week after adding 0.5% this morning and crude oil has followed up yesterday's 2.4% plunge by ticking up 0.1% to $47.56/bbl.

On the data front, today's lone economic report--the FHFA Housing Price Index for June--will cross the wires at 9:00 ET.

In U.S. corporate news:

Medtronic (MDT 82.50, -1.02): -1.2% despite beating earnings estimates.
Toll Brothers (TOL 37.00, -1.26): -3.3% despite reporting better than expected earnings.
DSW (DSW 17.92, +2.23): +14.2% after beating both top and bottom line estimates.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a mixed, but quiet, note. Japan's Nikkei -0.1%, Hong Kong's Hang Seng +0.9%, China's Shanghai Composite +0.1%, India's Sensex +0.1%.
In economic data:
Hong Kong's July CPI +2.0% year-over-year (last 1.9%)
In news:
North Korea's KCNA warned once again that the United States will face revenge for ignoring North Korea's warning and following through with its joint military exercise with South Korea.
The Australian Financial Review noted that Chinese restrictions on overseas property development will be a negative to the Australian real estate market.

Major European indices trade on a mostly higher note. Germany's DAX +0.7%, UK's FTSE +0.7%, France's CAC +0.6%, Italy's MIB -0.4%.
In economic data:
Eurozone ZEW Economic Sentiment 29.3 (expected 34.2; last 35.6)
Germany's August ZEW Economic Sentiment 10.0 (consensus 15.0; last 17.5) and ZEW Current Conditions 86.7 (expected 85.5; last 86.4)
UK's August CBI Industrial Trends Orders 13 (expected 9; last 10). July Public Sector Net Borrowing -GBP760 million (expected -GBP200 million; last GBP5.67 billion)
Spain's trade deficit narrowed to EUR1.30 billion from EUR1.40 billion (expected deficit of EUR2.10 billion)
Swiss July trade surplus expanded to CHF3.51 billion from CHF2.76 billion (expected surplus of CHF2.88 billion)
In news:
Over the weekend, Italy's former Prime Minister Silvio Berlusconi voiced support for launching a parallel currency, an issue that has been discussed in Italy before.
Germany's ZEW survey for August showed a pullback in economic expectations, revealing some concerns about future growth.

05:59AM ET

[BRIEFING.COM] S&P futures vs fair value: +3.80. Nasdaq futures vs fair value: +23.30.
05:59AM ET

[BRIEFING.COM] Nikkei

...19384...-9.30

...-0.10%

Hang Seng

...27402...+247.00

...+0.90%

05:59AM ET

[BRIEFING.COM] FTSE

...7366.96...+48.10

...+0.70%

. DAX

...12140.75...+74.80

...+0.60%

04:20PM ET

[BRIEFING.COM] The equity market opened the week with a rather uneventful performance that left the major averages little changed from where they settled last Friday's session. The S&P 500 (+0.1%) and the Dow (+0.1%) both eked out narrow victories while the Nasdaq (-0.1%) slipped just a tick below its unchanged mark.

Eight of the eleven sectors finished Monday's session in positive territory--consumer discretionary (+0.2%), industrials (+0.1%), materials (+0.1%), health care (+0.5%), consumer staples (+0.4%), utilities (+0.3%), telecom services (+0.7%), and real estate (+1.1%). Countercyclical groups showed relative strength as all four--health care, consumer staples, utilities, and telecom services--finished ahead of the broader market.

On the flip side, the top-weighted technology (-0.1%) and financials (-0.2%) sectors struggled throughout the session, keeping a lid on any bullish sentiment. Within the tech group, chipmakers exhibited particular weakness, sending the PHLX Semiconductor Index lower by 0.7%. Today's loss puts the technology sector in negative territory for the month (-0.1%).

The energy sector (-0.6%) settled at the very bottom of the sector standings, extending its month-to-date loss to 7.2%. The sector moved lower in tandem with the price of crude oil, which dropped 2.4% to $47.56/bbl. Monday's loss breaks a three-session winning streak for the commodity.

Corporate news was light on Monday, but it's worth pointing out that Dow component Nike (NKE 53.61, -1.34) tumbled once again, dropping 2.4%, after being downgraded to 'Hold' from 'Buy' at Jefferies. The company moved solidly lower on Friday in sympathy with Foot Locker (FL 31.82, -2.56), which has plunged 44.6% since delivering a disappointing earnings report on Friday morning.

U.S. Treasuries started the week on a higher note, sending the benchmark 10-yr yield one basis point lower to 2.18%. Meanwhile, the U.S. Dollar Index (93.03, -0.33) slipped 0.4% ahead of the Kansas City Fed's Economic Symposium in Jackson Hole, Wyoming, which will kick off on Thursday.

Investors did not receive any economic data on Monday.

On Tuesday, market participants will receive just one economic report--the FHFA Housing Price Index for June--which will cross the wires at 9:00 ET.

Nasdaq Composite +15.4% YTD
Dow Jones Industrial Average +9.8% YTD
S&P 500 +8.5% YTD
Russell 2000 unch YTD

Dow: +29.24… | Nasdaq: -3.40… | S&P: +2.82…

NASDAQ Adv/Dec 1203/1603. …NYSE Adv/Dec 1452/1445.

Image Price Action Trading @ http://www.thestrategylab.com/price-action-trading.htm

Image Trade Strategies via Volatility Analysis @ http://www.thestrategylab.com/VolatilityTrading.htm

Image Review of TheStrategyLab @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Special thanks to Bloomberg, Briefing, Reuters and Yahoo! Finance for their market summaries. Also, thank you for the review of TheStrategyLab performance record...hopefully the links will be useful for you. gm

Best Regards,
M.A. Perry
Online user name wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading
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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