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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
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 Post subject: October 10th Tuesday Trade Results - Profits $675.00
PostPosted: Wed Oct 11, 2017 9:20 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)
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)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
Twitter @ 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 RTY ($RTY_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $675.00 dollars or +13.50 points, Light Crude Oil CL ($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 @ $675.00 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 RTY Futures: 1 tick or 0.10 = $5.00 dollars and there's more contract information @ CMEGroup (formerly as TF @ 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 is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=172&t=2667

All of my trades are posted real-time at the above link for today's archive chat log in the timestamp ##TheStrategyLab free chat room via the user name wrbtrader for anyone to do a real-time review. Although the trades are posted by me and other users of WRB Analysis...this is not a signal calling chat room and this is not a live trading room that has a head trader telling you what to do. I'm the moderator (I keep the peace between members) and my own live trades are posted within 3.2 seconds on average after the trade confirmation in my broker trade execution platform 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), WRB Zones, Reaction Highs/Lows, Contracting Volatility or Expanding Volatility...all key concepts from the WRB Analysis free study guide 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.

Quote:
2017 has been the most difficult trading year since I've begun trading +25 years ago because successful trading involves more than just trade methods than any other trading year. This is a key concept many traders have difficulties in understanding. Some blame it on algorithms while I blame it on the inability to adapt, failure to backtest, failure to document trades (real-money or simulator) and underestimating how our environment influences our cognitive decision making while trading.

Image ##TheStrategyLab Chat Room is free. The free chat room is not a signal calling trading room nor is it a live trading room with a head trader even though members of the chat room are posting their trades & market analysis in real-time. 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 about your own trading 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 quantitative statistical analysis, brokerage statements in the free chat room. Instead, its highly recommended that you only post that particular information in your private thread for security reasons. Yet, if you want to post that type of information at another website, blog or chat room...that's your choice.

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, many different types of social media software can be used to log in along with IRC being easier to moderate via script codes when trouble makers, spammers and trolls show up. 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 problematic traders so that members can peacefully post their market observations, trades, WRB Analysis commentary about the markets without being trolled or harassed.

TheStrategyLab free chat room is not for traders looking for someone to hold their hands and tell them when to buy or sell nor do we allow the free chat room to be used for mentoring because we do not offer a mentoring service. The purpose of 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. If you join the free chat room and then you decide to not post any WRB Analysis about the price action or you decide to not post your trades or you decide to be silent (lurk without saying a word about today's markets)...you're not using the free chat room properly to help improve your trading.

In fact, we do not want silent (lurkers) traders to join the free chat room unless they are actively posting at the forum about their trading after the markets close. Access instructions for the free 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. Yet, I'm always backtesting new concepts of WRB Analysis, new trade entry rules, new trade management rules, new position size management rules before application in real money trades (small position size trades) to adapt to changed market conditions prior to large position size trades or sharing the new concepts with fee-base clients...living up to the name of my website. TheStrategyLab.

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=331&t=3532 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: +69.61… | Nasdaq: +7.52… | S&P: +5.91…
NASDAQ Vol: 1.79 bln… Adv: 1613… Dec: 1092…
NYSE Vol: 708.9 mln… Adv: 1873… Dec: 1013…

Moving the Market

Top-weighted technology sector underperforms amid broad weakness

Wal-Mart (WMT) hits highest level in over two years after reaffirming FY18 guidance

Sector Watch
Strong: Financials, Consumer Staples, Utilities, Telecom Services
Weak: Consumer Discretionary, Materials, Technology
04:30PM ET

[BRIEFING.COM] Equities bounced back from back-to-back losses on Tuesday, but the performance was somewhat disappointing considering the major U.S. indices hit their session highs in the opening minutes and petered out shortly thereafter. All three major averages touched new all-time highs, but the Dow (+0.3%) was the only one to finish at a new record mark. The S&P 500 and the Nasdaq added 0.2% and 0.1%, respectively.

The S&P 500's consumer staples sector moved higher by 1.0% on Tuesday, with the world's largest retailer leading the advance. Wal-Mart (WMT 84.13, +3.60) surged 4.5%, settling at its highest level in more than two years, after reaffirming its guidance for fiscal year 2018, announcing a $20 billion share repurchase program, and projecting a 40.0% increase in next year's online sales.

Amazon (AMZN 987.20, -3.79) slipped 0.4% following Wal-Mart's ambitious ecommerce forecast, breaking a four session winning streak.

Meanwhile, multinational giant Procter & Gamble (PG 91.62, -0.50) was one of just a few components within the consumer staples space to finish Tuesday in negative territory. P&G shares lost 0.5% after shareholders narrowly voted against giving activist investor Nelson Peltz a seat on the company's board. Mr. Peltz plans to challenge the vote.

Airlines outperformed on Tuesday, sending the U.S. Global Jets ETF (JETS 31.34, +0.56) higher by 1.8%, after American Airlines (AAL 53.05, +2.43) and United Continental (UAL 67.72, +3.02) raised their third quarter guidance. The two names settled with gains of 4.8% and 4.7%, respectively, helping the Dow Jones Transportation Average climb 0.6%.

The lightly-weighted utilities space (+1.0%) finished in line with the consumer staples group at the top of the sector standings. Seven other sectors also advanced, but they finished with more modest gains, adding no more than 0.4%. The consumer discretionary sector (-0.1%) was the lone decliner while the lightly-weighted materials space finished flat.

In the bond market, U.S. Treasuries moved higher on Tuesday, leaving yields below their unchanged marks. The 2-yr yield and the 10-yr yield slipped two basis points apiece, settling at 1.51% and 2.35%, respectively. Meanwhile, the U.S. dollar dropped 0.5% against the euro to 1.1804 despite the ongoing situation in Spain.

Catalan President Carles Puigdemont was expected to declare independence from Spain on Tuesday, but gave Madrid a chance to accept mediation instead. As a reminder, Catalonia voted to split from Spain on October 1, but the Spanish central government has refused to recognize the results.

Also of note, WTI crude futures rallied on Tuesday, jumping 2.6% to $50.86/bbl. The bullish sentiment was attributed to several factors, including Saudi Arabia's announcement that it will cut its monthly exports in November. However, the energy sector only advanced 0.1%.

Investors did not receive any notable economic data on Tuesday.

On Wednesday, market participants will receive the weekly MBA Mortgage Applications Index at 7:00 ET, the Jobs Openings and Labor Turnover Survey (JOLTS) for August at 10:00 ET, and the minutes from the September 19-20 FOMC meeting at 14:00 ET.

Nasdaq Composite +22.4% YTD
Dow Jones Industrial Average +15.5% YTD
S&P 500 +13.9% YTD
Russell 2000 +11.1% YTD

Dow: +69.61… | Nasdaq: +7.52… | S&P: +5.91…

NASDAQ Adv/Dec 1613/1092. …NYSE Adv/Dec 1873/1013.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.9% at 84.8206
Dollar index is down 0.45% at 93.30.
Nov WTI crude is higher on the day.
REMINDER: API inventory data is due out after the close.
Futures settled $1.27 higher to $50.89/barrel.
In other energy, Nov natural gas settled up $0.05 at $2.89/MMBtu
On to metals:
Dec gold gained $8.80 to settle at $1293.90/oz, while Sept silver gained $0.25 to settle at $17.21/oz
Dec copper gained $0.03 to settle at $3.06/lb
Finally, agriculture:
Dec corn settled $0.01 higher at $3.49/bu.
Nov soy settled flat at $9.67/bu.
Dec wheat settled $0.01 lower at $4.35/bu.

Dow: -1.72… | Nasdaq: +4.01… | S&P: +4.35…

NASDAQ Adv/Dec 1717/1064. …NYSE Adv/Dec 1905/982.

03:00PM ET

[BRIEFING.COM] The Dow (+0.2%) is on track to settle Tuesday's session at a new record high moving into the final stretch.

Looking ahead, investors will receive the minutes from the September 19-20 FOMC meeting on Wednesday afternoon and will be analyzing them closely to get a better idea of when the Fed might announce its next rate hike. Currently, the market predicts that the next rate hike will occur at the December FOMC meeting with an implied probability of 88.0%, according to the CME FedWatch Tool.

On the earnings front, two notable companies--Delta Air Lines (DAL 52.95, +1.21) and BlackRock (BLK 464.25, +1.80)--will deliver their quarterly reports before tomorrow's opening bell.

Dow: +46.54… | Nasdaq: -2.69… | S&P: +3.53…

NASDAQ Adv/Dec 1592/1195. …NYSE Adv/Dec 1809/1058.

02:25PM ET

[BRIEFING.COM] The major U.S. indices continue trading mixed; the Dow (+0.2%) and the S&P 500 (+0.1%) hold modest gains while the Nasdaq (-0.1%) shows a slim loss.

Transports are outperforming the broader market today, sending the Dow Jones Transportation Average higher by 0.8%. Airlines are among the top performers within the DJTA after American Airlines (AAL 53.14, +2.55) and United Continental (UAL 68.17, +3.47) raised their third quarter guidance. The two companies sport gains of 5.0% and 5.3%, respectively.

Logistics company C.H. Robinson (CHRW 77.19, +1.74) also exhibits relative strength, adding 2.3%, after Bank of America/Merrill Lynch upgraded the company's shares this morning.

Dow: +42.64… | Nasdaq: -5.83… | S&P: +3.05…

NASDAQ Adv/Dec 1574/1210. …NYSE Adv/Dec 1762/1088.

01:55PM ET

[BRIEFING.COM] The equity market has moved modestly higher in recent action and now hovers in the middle of today's trading range.

Only three sectors are trading in the red this afternoon--materials (unch), technology (-0.1%), and consumer discretionary (-0.2%). Within the tech space, which is the heaviest sector by weight, mega-caps like Facebook (FB 171.31, -1.19) and Alphabet (GOOGL 987.24, -5.07) are among the weakest components, showing losses of 0.7% and 0.5%, respectively.

Meanwhile, Amazon (AMZN 982.97, -8.02) is holding the consumer discretionary group below its flat line and is on track to break a four session winning streak. AMZN shares are lower by 0.8%, but still hover above their 50-day simple moving average (970.98).

Dow: +55.62… | Nasdaq: -3.43… | S&P: +4.47…

NASDAQ Adv/Dec 1637/1136. …NYSE Adv/Dec 1827/1017.

01:35PM ET

[BRIEFING.COM] The major U.S. indices continue to trade mixed, while the Dow Jones Industrial Average outperforms with help from component Wal-Mart (WMT 84.74, +4.21) as it hosts its annual meeting for the investment community.

A look inside the Dow shows that Wal-Mart, Chevron (CVX 119.16, +1.45), & Caterpillar (CAT 127.97, +1.09) are among the top gainers. Wal-Mart reiterated its FY18 guidance, provided a forecast for FY19, and announced that it had authorized a new $20 bln repurchase program.Elsewhere, Caterpillar is advancing after Goldman raised their price target on shares to $158.

Conversely, UnitedHealth Group (UNH 194.00, -2.30) is the worst-performing Dow component as health care names trade on edge after President Trump signaled he will sign an executive order on healthcare in the face of Congress's inability to reach a deal.

Recovering from a two-day decline, the DJIA has picked up from last week and set new all-time highs in today's trade.

Dow: +50.94… | Nasdaq: -3.48… | S&P: +3.89…

NASDAQ Adv/Dec 1625/1137. …NYSE Adv/Dec 1807/1035.

01:05PM ET

[BRIEFING.COM] Equities got off to a good start this morning, climbing to fresh record highs right off the bat, but have since squandered much of their opening gains. The S&P 500 and the Dow are currently up 0.1% and 0.2%, respectively, but held gains of 0.4% apiece at their best marks of the day. Meanwhile, the tech-heavy Nasdaq underperforms, showing a loss of 0.1%.

Only three of the S&P 500's eleven sectors hold losses this afternoon, however, the three laggards are relatively influential groups and have largely mitigated the gains of the eight advancers. The technology sector is the heaviest of the S&P 500's eleven groups and holds the widest decline in today's session, showing a loss of 0.3%.

Meanwhile, the health care and consumer discretionary sectors are down 0.1% and 0.2%, respectively. Health insurers are among the weakest health care components after President Trump tweeted that he will soon be signing an executive order on health care. Amazon (AMZN 983.95, -7.04) weighs on the consumer discretionary sector, due in part to Wal-Mart's (WMT 84.39, +3.85) latest announcement.

Wal-Mart is up 4.7%, hovering at its best level since February 2015, after forecasting that its U.S. online sales would rise by about 40.0% in the next fiscal year. Today's news was preceded by Monday's announcement that the big-box retailer is launching a simplified in-store return service for its customers--an attempt to leverage its brick-and-mortar locations as a competitive advantage.

In other corporate news, Procter & Gamble (PG 91.00, -1.12) shareholders voted against giving activist investor Nelson Peltz, who is seeking to reorganize P&G, a seat on the company's board. P&G shares were up 0.7% ahead of the announcement and now trade lower by 1.2%.

The consumer staples space (+0.8%), which houses both P&G and Wal-Mart, hovers with the utilities group (+0.9%) at the top of today's sector standings. The energy space is also trading comfortably ahead of the broader market, sporting a gain of 0.6%.

Energy stocks have benefited from an increase in the price of crude oil, which is up 2.9% at $51.00 per barrel following news that Saudi Arabia plans to cut its monthly exports in November by 7.0% compared with the same period last year.

In the bond market, U.S. Treasuries are higher across the curve, sending the benchmark 10-yr yield three basis points lower to 2.34%.

Investors did not receive any economic data of note on Tuesday.

Dow: +50.08… | Nasdaq: -3.84… | S&P: +3.73…

NASDAQ Adv/Dec 1606/1144. …NYSE Adv/Dec 1824/993.

12:25PM ET

[BRIEFING.COM] Equities continue hovering near their recent levels; the S&P 500 trades just a tick above its flat line.

The top-weighted technology sector (-0.3%) has weakened in recent action, dropping into negative territory. Over half of the sector's components are trading in the red, including mega-cap names like Apple (AAPL 155.45, -0.41), Facebook (FB 171.24, -1.26), and Alphabet (GOOGL 982.88, -9.39)--which hold losses between 0.2% and 1.0%.

Chipmakers have also struggled, sending the PHLX Semiconductor Index lower by 0.3%. However, NVIDIA (NVDA 188.07, +2.64) still holds a sizable gain of 1.3% after unveiling new AI hardware that enables fully autonomous driving.

Like technology, the consumer discretionary and health care sectors also trade in the red with losses of 0.3% and 0.1%, respectively.

Dow: +28.22… | Nasdaq: -13.79… | S&P: +1.40…

NASDAQ Adv/Dec 1579/1169. …NYSE Adv/Dec 1829/982.

12:00PM ET

[BRIEFING.COM] The major U.S. indices have not changed since the last update.

WTI crude futures have climbed 2.4% to $50.79/bbl in today's session, extending their two-day gain to 3.0%, ahead of tonight's weekly inventory report from the American Petroleum Institute (API), which will cross the wires at 16:30 ET. The S&P 500's energy sector trades comfortably ahead of the broader market, sporting a gain of 0.6%.

In the bond market, U.S. Treasuries are still trading in positive territory late this morning, pulling the benchmark 10-yr yield down from a three-month high. The 10-yr yield, which moves inversely to the price of the 10-yr Treasury note, is down four basis points at 2.33%.

Dow: +34.67… | Nasdaq: -8.07… | S&P: +1.93…

NASDAQ Adv/Dec 1666/1116. …NYSE Adv/Dec 1846/958.

11:30AM ET

[BRIEFING.COM] The S&P 500 continues to hover just a tick above its unchanged mark.

Airlines are soaring today, evidenced by the U.S. Global Jets ETF (JETS 31.54, +0.76), which is up 2.5%. American Airlines (AAL 53.06, +2.46) and United Continental (UAL 68.50, +3.80) show particular strength, adding 5.0% and 6.0%, respectively, after both companies raised their third quarter guidance.

The industrial sector (+0.3%), which houses airline names, trades a step ahead of the broader market.

Elsewhere within the sector, Dow component Caterpillar (CAT 127.67, +0.81) is up 0.6% after Goldman raised the company's target price to $158 from $143. Today's positive performance places CAT shares at a fresh all-time high.

Dow: +29.84… | Nasdaq: -1.10… | S&P: +2.36…

NASDAQ Adv/Dec 1749/1019. …NYSE Adv/Dec 1929/861.

11:00AM ET

[BRIEFING.COM] The major averages have come off their session highs in recent action, with the S&P 500 trimming its gain to 0.1% from 0.4%.

Procter & Gamble (PG 90.83, -1.30) has moved sharply lower after shareholders voted against giving activist investor Nelson Peltz, who is seeking to reorganize P&G, a seat on the company's board. P&G shares were up 0.7% ahead of the announcement and now trade lower by 1.4% in the aftermath.

Four of the S&P 500's eleven sectors are trading in the red this morning--financials, materials, technology, and health care--but no group holds a loss of more than 0.1%.

The consumer staples group, which houses P&G, trades comfortably ahead of the broader market with a gain of 0.6%. The energy (+0.6%) and utilities (+0.8%) sectors are the only groups currently outperforming the consumer staples space.

Dow: +30.08… | Nasdaq: +4.61… | S&P: +3.21…

NASDAQ Adv/Dec 1678/1034. …NYSE Adv/Dec 1922/840.

10:25AM ET

[BRIEFING.COM] Commodities begin the day strong:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.8% at 84.7454
Dollar index is down 0.44% at 93.26.
Oct WTI crude is higher on the day.
Futures are up $1.00 at $50.58/barrel.
In other energy, Oct natural gas is up $+0.045 at $2.878/MMBtu after hitting 52 week lows yesterday.
Metals performed are performing well:
Dec gold gained $9.50 and trades at $1294.50/oz, while Sept silver gained $0.239 to $17.21/oz
Sept copper gained $0.008 to $3.039/lb
Finally, agriculture:
Dec corn is up $0.015 at $3.51/bu.
Nov soy is up $0.0575 at $9.725/bu.
Dec wheat is up $0.03 at $4.39/bu.

Dow: -1.72… | Nasdaq: +0.16… | S&P: +2.74…

NASDAQ Adv/Dec 1661/1028. …NYSE Adv/Dec 1886/829.

10:00AM ET

[BRIEFING.COM] The major U.S. indices still hold modest gains; the S&P 500 is up 0.3%.

Dow component Wal-Mart (WMT 93.52, +3.01) has jumped 3.7%, hitting its highest level since March 2015, after reaffirming its guidance for fiscal year 2018 and raising its guidance for fiscal year 2019. The big-box retailer also had a solid performance yesterday, climbing 1.9%, after announcing a new return service that will allow customers to return items in about 30 seconds.

Meanwhile, Dow component UnitedHealth (UNH 194.08, -2.19) is down 1.1% as the influential health care sector (-0.1%) underperforms. The modest sell off follows President Trump's early-morning tweet, in which the president said he will soon sign an executive order on health care. This is most likely an order to allow customers to purchase health insurance across state lines.

Dow: +80.73… | Nasdaq: +13.89… | S&P: +7.25…

NASDAQ Adv/Dec 1727/937. …NYSE Adv/Dec 1973/665.

09:45AM ET

[BRIEFING.COM] The S&P 500 (+0.4%), the Nasdaq (+0.4%), and the Dow (+0.3%) have all advanced to new record highs in the opening minutes of today's session.

All of the S&P 500's 11 sectors are trading in the green this morning. The energy (+0.8%) and consumer staples (+0.7%) groups are the top performers while the top-weighted technology space (+0.3%) trades in line with the broader market. On the down side, the materials (unch), utilities (unch), and health care (+0.1%) sectors underperform.

In the bond market, U.S. Treasuries are still trading higher this morning, sending yields into the red. The benchmark 10-yr yield is down two basis points at 2.35%.

Dow: +66.75… | Nasdaq: +25.28… | S&P: +8.77…

NASDAQ Adv/Dec 1923/687. …NYSE Adv/Dec 2081/507.

09:16AM ET

[BRIEFING.COM] S&P futures vs fair value: +5.30. Nasdaq futures vs fair value: +17.50.

The stock market is on track to open Tuesday's session modestly higher as the S&P 500 futures trade five points, or 0.2%, above fair value.

There have been several notable corporate headlines this morning, most of which have been positive. NVIDIA (NVDA 192.05, +6.66) has jumped 3.6% after unveiling new AI hardware that enables fully autonomous driving. Meanwhile, Wal-Mart (WMT 82.20, +1.67) is up 2.1% after reaffirming its guidance for fiscal year 2018 and raising its guidance for fiscal year 2019.

American Airlines (AAL 52.29, +1.69) and United Airlines (UAL 67.00, +2.30) are also higher after raising their third quarter guidance, adding 3.3% and 3.6%, respectively.

However, on the down side, Eli Lilly (LLY 84.59, -2.46) has lost 2.8% after announcing that its lung cancer drug Verzenio failed a late-stage study.

The bond market is trading higher this morning after being closed on Monday in observance of Columbus Day. The yield on the 2-yr Treasury note is down two basis points at 1.51% while the benchmark 10-yr yield has dropped one basis point to 2.36%. Meanwhile, the U.S. Dollar Index is down 0.4% at 93.21.

Investors will not receive any economic data of note on Tuesday, but Minneapolis Fed President Neel Kashkari will speak at 10:00 ET.

Also of note, Catalan First Minister Carles Puigdemont is expected to declare Catalonia's independence from Spain in a speech at 12:00 ET. He is expected to be arrested by Spanish National police if he follows through with the declaration. Spain's IBEX is down 1.1% while the rest of Europe trades relatively flat.

08:50AM ET

[BRIEFING.COM] S&P futures vs fair value: +5.10. Nasdaq futures vs fair value: +17.60.

The S&P 500 futures trade five points, or 0.2%, above fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a higher note with South Korea's KOSPI (+1.6%) showing relative strength after being closed for more than a week. North Korea's Party Foundation Day went by without fiery rhetoric or a new missile test, but BBC reported that North Korean hackers stole a large set of military documents from South Korea. The theft reportedly took place last year and plans for the assassination of Kim Jong-un were included in the cache of data. Bank of Japan Governor said quantitative/qualitative easing and yield curve control will be maintained until inflation reaches 2.0% in a stable manner.

In economic data:
Japan's August Current Account surplus JPY2.38 trillion (expected JPY2.26 trillion; last JPY2.32 trillion). September Economy Watchers Current Index 51.3 (expected 49.9; last 49.7)
Australia's September NAB Business Confidence 7 (expected 6; last 5). September NAB Business Survey 14 (last 14)
New Zealand's September Electronic Card Retail Sales +0.1% month-over-month (expected 0.7%; last 0.1%); +2.9% year-over-year (last 4.4%)

---Equity Markets---

Japan's Nikkei added 0.6%. Softbank jumped 3.0% while Kyocera, Nippon Electric Glass, Hino Motors, Daikin Industries, Tokyo Electron, Trend Micro, Toyota Motor, and Rakuten gained between 1.5% and 2.8%. On the downside, Mitsubishi, Japan Steel Works, Mazda Motor, Olympus, and Fuji Heavy Industries lost between 0.8% and 1.6%.
Hong Kong's Hang Seng advanced 0.6%. Property names outperformed with New World Development surging 5.2% while Henderson Land, SHK Properties, Sino Land, and Wharf Holdings posted gains between 0.5% and 3.1%. Want Want China was the weakest performer, falling 2.9%.
China's Shanghai Composite rose 0.3%. Wuhan Hanshang, Beijing Tiantan Biological Products, Giti Tire, and Shinva Medical Instrument posted gains between 4.6% and 8.4%.
India's Sensex added 0.2%. Lupin, Power Grid, Reliance Industries, Coal India, and Cipla rose between 0.6% and 2.0%. Tech consultants were mixed with Tata Consultancy and Infosys rising 0.3% and 1.3%, respectively, while Wipro ended flat.

Major European indices trade in mixed fashion with Spain's IBEX (-1.0%) showing relative weakness. Catalan First Minister Carles Puigdemont will appear before the Catalan parliament to deliver an address, which is expected to feature a declaration of independence from Spain. It is believed that Spanish National police will try to arrest Mr. Puigdemont if he follows through with the declaration. Mr. Puigdemont is scheduled to speak at 6 p.m. local time (12:00 ET). Eurogroup Chief Jeroen Dijsselbloem will step down in January and his replacement should be named in December. Roughly 57.0% of voters in the UK believe that Theresa May should remain Prime Minister until Brexit is completed, according to ORB poll.

In economic data:
Germany's August trade surplus EUR21.60 billion (expected surplus of EUR20.00 billion; last surplus of EUR19.30 billion). August Imports +1.2% month-over-month (expected 0.5%; last 2.4%) and August Exports +3.1% month-over-month (expected 1.0%; last 0.2%)
UK's August trade deficit GBP14.24 billion (expected deficit of GBP11.20 billion last deficit of GBP12.83 billion). August Industrial Production +0.2% month-over-month, as expected (last 0.3%); +1.6% year-over-year (consensus 0.8%; last 1.1%). August Manufacturing Production +0.4% month-over-month (expected 0.2%; last 0.4%); +2.8% year-over-year (consensus 1.9%; last 2.7%). August Construction Output +0.6% month-over-month (expected 0.1%; last -1.0%); +3.5% year-over-year (consensus 0.2%; last 2.7%)
France's August Industrial Production -0.3% month-over-month (expected 0.4%; last 0.8%)
Swiss September Unemployment Rate 3.1% (expected 3.2%; last 3.2%)
Italy's August Industrial Production +1.2% month-over-month (expected 0.1%; last 0.1%); +5.7% year-over-year (consensus 2.8%; last 4.6%)

---Equity Markets---

UK's FTSE is higher by 0.3% with financials showing relative strength. RBS, Lloyds Banking, Direct Line Insurance, HSBC, Barclays, and Standard Life are up between 0.7% and 1.9%.
France's CAC hovers just below its flat line. Bank stocks like BNP Paribas, Credit Agricole, and Societe Generale are down between 0.7% and 1.1% while consumer names outperform. Accor, L'Oreal, Pernod Ricard, Carrefour, Kering, and Louis Vuitton show gains between 0.5% and 2.3%.
Germany's DAX is lower by 0.1% amid losses in more than half of its components. Daimler, Volkswagen, and BMW are down between 0.7% and 1.3% while other heavyweights like Thyssenkrupp, Siemens, Deutsche Bank, and Adidas show losses between 0.1% and 0.5%.
Spain's IBEX trades down 1.0%. Caixabank, Santander, BBVA, Bankia, Acciona, Merlin Properties, Grifols, and ACS have slid between 0.8% and 2.3%.

08:30AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +15.60.

The S&P 500 futures trade five points, or 0.2%, above fair value.

Eight sectors are currently holding month-to-date gains--materials (+1.9%), technology (+1.8%), financials (+1.5%), consumer discretionary (+1.4%), industrials (+0.9%), utilities (+0.9%), health care (+0.7%), and real estate (+0.6%)--while three hold month-to-date losses--energy (-0.3%), consumer staples (-0.6%), and telecom services (-1.3%).

For comparison, the S&P 500 has climbed 1.0% in the month of October thus far.

08:00AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.30. Nasdaq futures vs fair value: +12.10.

The stock market comes into Tuesday on a two-session skid, but both losses have been minor, leaving stocks near all-time highs. Investors are looking upbeat this morning, sending the S&P 500 futures four points, or 0.2%, above fair value. At that level, the benchmark index is on track to open today's session 0.2% below its record close.

Equities in the Asia-Pacific region ended Tuesday on a higher note, but trading in Europe is currently mixed. Spain's IBEX (-1.1%) shows relative weakness as investors await a speech from Catalan First Minister Carles Puigdemont, which is expected to include a declaration of independence from the Spanish central government.

In Washington, President Trump tweeted that he will soon be signing an executive order on health care. This is most likely an order to allow customers to purchase health insurance across state lines, which was expected sometime this week. This is generally considered a slight negative for health insurers and a neutral for hospitals.

The U.S. Treasury market is higher this morning after being closed on Monday in observance of Columbus Day. The yield on the 2-yr Treasury note is down two basis points at 1.51% while the benchmark 10-yr yield has dropped one basis point to 2.36%. Meanwhile, the U.S. Dollar Index is down 0.3% at 93.25.

Investors will not receive any economic data of note on Tuesday, but Minneapolis Fed President Neel Kashkari will speak at 10:00 ET.

In U.S. corporate news:

Wal-Mart (WMT 82.40, +1.87): +2.3% after reaffirming its guidance for fiscal year 2018 and raising its guidance for fiscal year 2019.
NVIDIA (NVDA 192.99, +7.60): +4.1% after unveiling the first computer chips designed to drive fully autonomous robotaxis.
Eli Lilly (LLY 85.40, -1.65): -1.9% after announcing that its lung cancer drug Verzenio failed a late-stage study.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a higher note with South Korea's KOSPI (+1.6%) showing relative strength after being closed for more than a week. Japan's Nikkei +0.6%, Hong Kong's Hang Seng +0.6%, China's Shanghai Composite +0.3%, India's Sensex +0.2%.
In economic data:
Japan's August Current Account surplus JPY2.38 trillion (expected JPY2.26 trillion; last JPY2.32 trillion). September Economy Watchers Current Index 51.3 (expected 49.9; last 49.7)
Australia's September NAB Business Confidence 7 (expected 6; last 5). September NAB Business Survey 14 (last 14)
New Zealand's September Electronic Card Retail Sales +0.1% month-over-month (expected 0.7%; last 0.1%); +2.9% year-over-year (last 4.4%)
In news:
North Korea's Party Foundation Day went by without fiery rhetoric or a new missile test, but BBC reported that North Korean hackers stole a large set of military documents from South Korea. The theft reportedly took place last year and plans for the assassination of Kim Jong-un were included in the cache of data.
Bank of Japan Governor said quantitative/qualitative easing and yield curve control will be maintained until inflation reaches 2.0% in a stable manner.

Major European indices trade in mixed fashion with Spain's IBEX (-1.1%) showing relative weakness. UK's FTSE +0.2%, France's CAC unch, Germany's DAX -0.1%.
In economic data:
Germany's August trade surplus EUR21.60 billion (expected surplus of EUR20.00 billion; last surplus of EUR19.30 billion). August Imports +1.2% month-over-month (expected 0.5%; last 2.4%) and August Exports +3.1% month-over-month (expected 1.0%; last 0.2%)
UK's August trade deficit GBP14.24 billion (expected deficit of GBP11.20 billion last deficit of GBP12.83 billion). August Industrial Production +0.2% month-over-month, as expected (last 0.3%); +1.6% year-over-year (consensus 0.8%; last 1.1%). August Manufacturing Production +0.4% month-over-month (expected 0.2%; last 0.4%); +2.8% year-over-year (consensus 1.9%; last 2.7%). August Construction Output +0.6% month-over-month (expected 0.1%; last -1.0%); +3.5% year-over-year (consensus 0.2%; last 2.7%)
France's August Industrial Production -0.3% month-over-month (expected 0.4%; last 0.8%)
Swiss September Unemployment Rate 3.1% (expected 3.2%; last 3.2%)
Italy's August Industrial Production +1.2% month-over-month (expected 0.1%; last 0.1%); +5.7% year-over-year (consensus 2.8%; last 4.6%)
In news:
Catalan First Minister Carles Puigdemont will appear before the Catalan parliament to deliver an address, which is expected to feature a declaration of independence from Spain. It is believed that Spanish National police will try to arrest Mr. Puigdemont if he follows through with the declaration. Mr. Puigdemont is scheduled to speak at 6 p.m. local time (12:00 ET).
Eurogroup Chief Jeroen Dijsselbloem will step down in January and his replacement should be named in December.
Roughly 57.0% of voters in the UK believe that Theresa May should remain Prime Minister until Brexit is completed, according to ORB poll.

06:07AM ET

[BRIEFING.COM] S&P futures vs fair value: +3.50. Nasdaq futures vs fair value: +13.00.
06:07AM ET

[BRIEFING.COM] Nikkei...20,823.51...+132.80...+0.60%

Hang Seng...28,490.83...+164.20...+0.60%

06:07AM ET

[BRIEFING.COM] FTSE...7,522.84...+15.00...+0.20%

DAX...12,956.72...-19.80...-0.20%

04:30PM ET

[BRIEFING.COM] Equities opened the week on the back foot, ticking slightly below the record highs they posted at the tail end of last week. The Nasdaq (-0.2%) and the Dow (-0.1%) finished roughly in line with the S&P 500 (-0.2%) while small caps underperformed, sending the Russell 2000 lower by 0.4%.

The S&P 500's technology sector (+0.2%) got off to a relatively solid start on Monday, but unraveled a bit in the afternoon amid a modest sell off in the broader market. Still, the group managed to eke out a slim victory, something that only four other sectors--energy (+0.3%), utilities (+0.1%), real estate (+0.1%), and materials (unch)--were able to do.

On the flip side, the health care sector (-0.7%) finished at the bottom of the sector standings as just about all of its components finished in the red. Medtronic (MDT 76.93, -2.88) showed particular weakness, dropping 3.6%, after the company said on Friday evening that Hurricane Maria could negatively impact its fiscal second quarter results by $250 million.

The financial group (-0.4%) also tumbled on Monday ahead of the start of earnings season, which will unofficially kick off later this week when several financial heavyweights, including JPMorgan Chase (JPM 96.41, -0.51), Citigroup (C 75.39, -0.25), Bank of America (BAC 25.85, -0.36), and Wells Fargo (WFC 55.14, -0.44), release their quarterly results.

According to FactSet, S&P 500 earnings are expected to increase just 2.8%, down from an estimated growth rate of 7.5% on June 30. Insurance claims associated with hurricane-related damages have been the biggest driver of the downward revision. As a result, the financial sector--which houses insurers--is projected to report the widest year-over-year decline in earnings.

Meanwhile, the energy group is projected to deliver year-over-year growth in excess of 100%, which is by far the largest anticipated gain among the 11 sectors.

Within the Dow, General Electric (GE 23.43, -0.96) plunged 3.9% on Monday after announcing over the weekend that several top executives will be leaving the company, including longtime CFO Jeff Bornstein. The changes are a part of new CEO John Flannery's attempt to reboot the company's business. GE shares have dropped 25.9% this year.

On a positive note, Wal-Mart (WMT 80.53, +1.53) was the Dow's top performer, climbing 1.9%, following a positive mention in this weekend's Barron's magazine and news that the company is launching a new return service that will allow customers to return items in about 30 seconds.

The bond market was closed in observance of Columbus Day, leading to lighter-than-usual volume on the New York Stock Exchange. Only 620 million shares changed hands at the NYSE floor, a ways below the 50-day simple moving average of 805 million.

Investors did not receive any economic data on Monday.

Tuesday's lone economic release--the September NFIB Small Business Optimism Index--will cross the wires at 7:00 ET.

Dow: -12.60… | Nasdaq: -10.45… | S&P: -4.60…

NASDAQ Adv/Dec 1116/1692. …NYSE Adv/Dec 1268/1622.

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
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