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 Post subject: November 8th Wednesday Trade Results - Loss $1250.00
PostPosted: Wed Nov 08, 2017 11:09 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3020
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 @ ($1250.00) dollars or -25.00 points, Light Crude Oil CL ($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 Loss @ ($1250.00) 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. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader.


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=173&t=2690

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 (you must be a member of the chat room for a real-time review). Although the trades are posted by me and other users of WRB Analysis in real-time...this is not a signal calling chat room nor is this 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...all while trading in low volatility market conditions that statistically have the reputation for difficult 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=333&t=3556 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 RTY 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: +6.13… | Nasdaq: +21.34… | S&P: +3.74…
NASDAQ Vol: 2.11 bln… Adv: 1317… Dec: 1521…
NYSE Vol: 881.0 mln… Adv: 1496… Dec: 1421…

Moving the Market

Stocks hold at record highs as market-moving catalysts remain in short supply

Consumer staples sector rallies amid broad strength; top-weighted tech group also outperforms

Financial shares slide for the fourth session in a row

Sector Watch
Strong: Technology, Consumer Staples, Telecom Services, Real Estate
Weak: Financials, Industrials, Energy, Utilities

04:30PM ET

[BRIEFING.COM] Equities ticked higher on Wednesday, with all three major indices--the Nasdaq (+0.3%), the S&P 500 (+0.1%), and the Dow (unch)--finishing at new record highs.

Technology shares outperformed in the midweek session, with video game developers showing particular strength. Take-Two Interactive (TTWO 117.65, +11.26)--which owns labels like Rockstar Games and 2K Games--jumped 10.6% after reporting better-than-expected revenues for its fiscal second quarter and issuing above-consensus sales guidance for the holiday season.

Meanwhile, the S&P 500's consumer staples sector finished at the top of the sector standings, settling higher by 1.1%. Heavyweights like Wal-Mart (WMT 90.26, +1.31), PepsiCo (PEP 112.00, +1.53), Kraft Heinz (KHC 79.58, +1.40), Costco (COST 169.05, +2.77), and Walgreens Boot Alliance (WBA 68.90, +0.98) all finished with gains between 1.4% and 1.8%.

Conversely, the heavily-weighted financial sector (-0.6%) moved lower for the fourth session in a row, keeping the broader market's gain in check. Within the group, lenders like Bank of America (BAC 26.79, -0.39), Wells Fargo (WFC 54.26, -0.79), and JPMorgan Chase (JPM 97.64, -1.11) finished with losses between 1.1% and 1.4%.

In other corporate news, Snap (SNAP 12.91, -2.21) tumbled 14.6% after reporting below-consensus revenues and daily active user growth for the third quarter. Snap shares were down as much as 22.0% in overnight trading, but strengthened following news that Chinese tech giant Tencent (TCEHY 49.77, +0.01) has purchased a 12.0% stake in the social media company.

Shares of Time Warner (TWX 88.50, -6.16) also declined on Wednesday, finishing lower by 6.5%, following a Financial Times report that the U.S. Department of Justice may force the company to sell CNN in order to be acquired by AT&T (T 33.44, +0.37). An alternative option would be selling AT&T's satellite television unit DirecTV--according to the New York Times.

Elsewhere, crude oil futures had a volatile session following the Department of Energy's weekly inventory report, which showed that U.S. stockpiles unexpectedly increased by 2.2 million barrels last week. In the end, WTI crude futures settled lower by 0.4% at a price of $56.81/bbl, and energy stocks within the S&P 500 finished behind the broader market, moving lower by 0.4%.

U.S. Treasures moved lower during the midweek session, sending yields higher across the curve; the benchmark 10-yr yield climbed two basis points to 2.33%. Meanwhile, the U.S. Dollar Index slipped 0.1% to 94.75, gold climbed 0.6% to $1,283.70/ozt, and the CBOE Volatility Index (VIX 9.76, -0.13) dropped 1.3%.

Wednesday's economic data was limited to the weekly MBA Mortgage Applications Index--which was unchanged from the prior week.

On Thursday, investors will receive two economic reports--the weekly Initial Claims Report (Briefing.com consensus 231K) and September Wholesale Inventories (Briefing.com consensus +0.3%). The two pieces of data will be released at 8:30 ET and 10:00 ET, respectively.

In addition, the Senate's version of a tax reform bill is scheduled to be released on Thursday.

Nasdaq Composite +26.1% YTD
Dow Jones Industrial Average +19.2% YTD
S&P 500 +15.9% YTD
Russell 2000 +9.2% YTD

Dow: +6.13… | Nasdaq: +21.34… | S&P: +3.74…

NASDAQ Adv/Dec 1317/1521. …NYSE Adv/Dec 1496/1421.

03:35PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 2.47% at 87.54
Dollar index is currently down 0.05% at 94.86
Oct WTI Crude is down 0.68% on the day.
The EIA reported crude oil inventories had a build of 2.2 mln barrels this morning
Futures settle $0.39 lower to $56.81/barrel.
In other energy, Dec Natural Gas settled up $0.02 at $3.17/MMBtu
On the metals:
Dec Gold gained $7.9 to settle at $1283.7/oz, while Dec silver gained $0.2 to $17.14/oz
Dec Copper gained $0.01 to $3.1/lb
Finally, agriculture:
Dec Corn settled unchanged at $3.48/bu.
Dec Soy settled down $0.0075 at $9.9825/bu.
Dec Wheat settled down $0.01 at $4.26/bu.

Dow: +14.66… | Nasdaq: +23.03… | S&P: +4.14…

NASDAQ Adv/Dec 1471/1425. …NYSE Adv/Dec 1512/1408.

02:55PM ET

[BRIEFING.COM] The S&P 500 (+0.1%), the Dow (unch), and the Nasdaq (+0.3%) are all cruising toward new record closes with just one hour to go.

Eight sectors are on track to finish today's session in the green--consumer staples (+1.0%), real estate (+0.7%), technology (+0.5%), telecom services (+0.5%), health care (+0.2%), materials (+0.1%), utilities (+0.1%), and consumer discretionary (unch)--while three are on track to close in the red--industrials (-0.1%), energy (-0.4%), and financials (-0.7%).

On the earnings front, several notable companies will report their quarterly results following today's closing bell, including 21st Century Fox (FOXA 27.80, +0.04), Monster Beverage (MNST 57.93, +0.01), CenturyLink (CTL 16.17, -0.05), and Square (SQ 36.53, -0.23).

Dow: -2.99… | Nasdaq: +19.51… | S&P: -3.01…

NASDAQ Adv/Dec 1423/1478. …NYSE Adv/Dec 1474/1433.

02:30PM ET

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

Shares of Time Warner (TWX 88.63, -6.11) are down 6.4% following a Financial Times report that the Department of Justice would require the company to sell CNN before being acquired by AT&T (T 33.15, +0.10). Selling DirecTV, which is owned by AT&T, would be an alternative option, according to The New York Times.

In the bond market, U.S. Treasuries are still modestly lower this afternoon, with shorter-dated issues showing relative weakness. The yield on the benchmark 10-yr Treasury note is up one basis point at 2.32%, while the 2-yr yield is up two basis points at 1.64%.

Dow: +5.54… | Nasdaq: +19.29… | S&P: +3.13…

NASDAQ Adv/Dec 1375/1525. …NYSE Adv/Dec 1426/1476.

01:55PM ET

[BRIEFING.COM] Equity indices continue to hover near their session highs this afternoon; the S&P 500 is up 0.1%.

The lightly-weighted real estate sector has climbed 0.8% today, extending its week-to-date gain to an impressive 3.3%. Within the group, heavyweights like American Tower (AMT 152.99, +2.33) and Crown Castle (CCI 114.57, +2.81) show particular strength, sporting respective gains of 1.5% and 2.5%.

The aforementioned companies, which are involved in wireless infrastructure, have rallied in recent days after Sprint (S 5.99, +0.24) and T-Mobile US (TMUS 56.19, +0.83) announced that they couldn't come to a merger agreement.

Dow: +9.64… | Nasdaq: +15.01… | S&P: +2.66…

NASDAQ Adv/Dec 1342/1550. …NYSE Adv/Dec 1382/1498.

01:35PM ET

[BRIEFING.COM] The major U.S. indices are currently holding firm with small gains at this time.

A look inside the Dow Jones Industrial Average shows that Wal-Mart (WMT 90.32, +1.37), Johnson & Johnson (JNJ 141.83, +2.06), & Merck & Co. (MRK 56.26, +0.66) are outperforming. Wal-Mart is leading the Dow higher following positive sell-side commentary out earlier this morning.

Conversely, JP Morgan (JPM 97.84, -0.91) is the worst-performing Dow component as financials display relative weakness in today's session.

For the week, the DJIA is +0.14%.

Elsewhere, at the top of the hour, the Treasury's $23 bln 10-year auction drew a high yield of 2.314% on a bid-to-cover of 2.48.

Dow: +12.90… | Nasdaq: +11.48… | S&P: +2.28…

NASDAQ Adv/Dec 1291/1610. …NYSE Adv/Dec 1354/1508.

01:00PM ET

[BRIEFING.COM] Stocks are flat through the first half of Wednesday's session, fighting for new record highs. The Nasdaq is up 0.1%, while the S&P 500 and the Dow hover at their unchanged marks. Small caps are underperforming for the second day in a row, sending the Russell 2000 lower by 0.4%.

The S&P 500's technology sector (+0.3%) has done its part in keeping the broader market afloat today, combating another financial sell off; the financial sector is down 0.5%, extending its week-to-date loss to 1.9%. Within the tech space, video game makers show particular strength after Take-Two Interactive (TTWO 118.06, +11.74) reported better-than-expected revenues and issued above-consensus revenue guidance for the holiday season. TTWO shares have spiked 11.0%, hitting a fresh all-time high.

Conversely, shares of Snap (SNAP 12.64, -2.48) have dropped 16.4% after the social media company reported below-consensus revenues and daily active user growth for the third quarter. Shares were down as much as 22.0% in after-hours trading, but trimmed losses following news that Chinese tech giant Tencent (TCEHY 49.57, -0.19) has purchased a 12.0% stake in the company.

In other corporate news, Time Warner (TWX 91.02, -3.64) is down 3.9% following a Reuters report that the U.S. Department of Justice is pushing AT&T (T 33.03, -0.45) for "structural remedies"--which usually include the sale of assets--in order to satisfy antitrust concerns surrounding the company's purchase of Time Warner. AT&T was expecting the deal to close by the end of 2017, but that estimate is now up in the air.

Health insurer Humana (HUM 242.27, -14.04) is also solidly lower, down 5.5%, after issuing below-consensus earnings guidance for 2018.

Elsewhere, WTI crude futures are up 0.4% at $57.40/bbl, overcoming a disappointing inventory report from the Department of Energy, which showed that U.S. stockpiles increased by 2.2 million barrels last week (consensus -2.5 million barrels). WTI crude futures immediately extended losses following the release, dropping around 1.0% below yesterday's close, but began climbing soon thereafter.

U.S. Treasuries are modestly lower this afternoon after drifting near their unchanged marks for much of the morning. The yield on the benchmark 10-yr Treasury note is up one basis point at 2.32%, while the 2-yr yield is up three basis points at 1.65%.

In Washington, Axios reported that the Senate will not release its version of a tax reform bill on Thursday, as was originally expected.

Today's economic data was limited to the weekly MBA Mortgage Applications Index--which was unchanged from the prior week.

Dow: +10.72… | Nasdaq: +14.92… | S&P: +2.73…

NASDAQ Adv/Dec 1297/1590. …NYSE Adv/Dec 1391/1471.

12:25PM ET

[BRIEFING.COM] The S&P 500 (unch) has ticked higher in recent action, touching positive territory for the first time today.

Health insurer Humana (HUM 241.32, -14.99) has tumbled 5.9% after the company's disappointing forecast for next year's earnings outweighed better-than-expected profits for the third quarter. However, the S&P 500's health care sector (-0.1%) has managed to keep in line with the broader market nonetheless.

Elsewhere within the health care group, Regeneron Pharmaceuticals (REGN 413.49, +9.10) has jumped 2.3% after beating both earnings and revenue estimates. The biotech company is currently the sector's strongest component.

Dow: -6.66… | Nasdaq: +4.51… | S&P: -0.14…

NASDAQ Adv/Dec 1222/1670. …NYSE Adv/Dec 1326/1521.

12:00PM ET

[BRIEFING.COM] The major indices continue to drift near their unchanged marks, with the S&P 500 showing a loss of 0.1%.

Time Warner (TWX 91.90, -2.76) is down 2.9% today following a Reuters report that the U.S. Department of Justice is pushing AT&T (T 32.93, -0.14) for "structural remedies"--which usually include the sale of assets--in order to satisfy antitrust concerns surrounding the company's purchase of Time Warner. The deal was expected to close by the end of the year, but that estimate is now up in the air.

In the bond market, U.S. Treasuries continue to trade near their opening levels. The 2-yr Treasury note shows relative strength, sending its yield two basis points higher to 1.64%, while the benchmark 10-yr yield is unchanged at 2.31%.

Dow: -21.16… | Nasdaq: -2.12… | S&P: -2.27…

NASDAQ Adv/Dec 1065/1807. …NYSE Adv/Dec 1192/1634.

11:30AM ET

[BRIEFING.COM] Stocks have ticked up in recent action, pushing the tech-heavy Nasdaq (+0.1%) into positive territory.

The top-weighted technology sector (+0.3%) is largely carrying the broader market this morning, with some help from the far less influential consumer staples (+0.6%) and real estate (+0.7%) groups.

Within the technology space, video game makers exhibit particular strength after Take-Two Interactive (TTWO 118.94, +12.52) reported better-than-expected revenues and issued above-consensus revenue guidance for the holiday season. TTWO shares have spiked 11.8%, hitting a fresh all-time high.

On the flip side, the heavily-weighted financial sector (-0.7%) trades at the bottom of the sector standings, extending its week-to-date loss to 2.1%.

Dow: -11.34… | Nasdaq: +2.46… | S&P: -1.30…

NASDAQ Adv/Dec 1069/1778. …NYSE Adv/Dec 1156/1647.

10:55AM ET

[BRIEFING.COM] Equity indices continue to hover near their opening levels, showing losses of around 0.1% apiece.

The Energy Information Administration (EIA) released its weekly crude inventory report at the bottom of the hour, showing that U.S. stockpiles increased by 2.2 million barrels last week; the consensus estimate called for a draw of around 2.5 million barrels. WTI crude futures are currently down 1.1% at $56.57/bbl after holding a loss of 0.6% ahead of the release.

Meanwhile, the S&P 500's energy sector--which typically moves in tandem with the price of crude oil--has slipped to a new session low, extending its loss to 0.9% from 0.5%. In total, eight of the eleven groups are trading in the red this morning, with losses ranging from 0.1% to 0.9%.

Dow: -22.12… | Nasdaq: -2.34… | S&P: -2.45…

NASDAQ Adv/Dec 1050/1762. …NYSE Adv/Dec 1136/1663.

10:30AM ET

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

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently unchanged -0.14% at 87.4186
Dollar index is currently down 0.09% at 94.82
Dec WTI crude is down 0.77% on the day.
EIA inventory data showed a build of 2.2 mln barrels
Futures are $0.44 lower to $56.76/barrel.
In other energy, Dec natural gas is up $0.03 at $3.18/MMBtu
Metals:
Dec gold gained $8.90 and trades at $1284.70/oz, while Dec silver gained $0.14 to $17.08/oz
Dec copper gained 0.01 to $3.1/lb
Finally, agriculture:
Dec corn is down $0.02 at $3.46/bu.
Dec soy is down $0.01 at $9.955/bu.
Dec wheat is down $0.07 at $4.20/bu.

Dow: -34.87… | Nasdaq: -4.93… | S&P: -3.56…

NASDAQ Adv/Dec 1032/1765. …NYSE Adv/Dec 1067/1686.

09:55AM ET

[BRIEFING.COM] Equity indices are still hovering a step below their flat lines this morning.

The energy sector (-0.7%) trades behind the broader market, trimming its week-to-date gain to 1.2%. The group typically moves in tandem with the price of crude oil, and that is the case today as WTI crude futures have slipped 0.6% to $56.86/bbl. Still, the commodity is solidly higher for the week, sporting a week-to-date gain of 2.2%.

On Tuesday evening, the American Petroleum Institute reported a draw of 1.6 million barrels for the week ended November 3, while estimates called for a draw of around 2.7 million barrels. The Energy Information Administration will release the official government figures at 10:30 ET.

Dow: -40.41… | Nasdaq: -12.45… | S&P: -4.99…

NASDAQ Adv/Dec 1068/1670. …NYSE Adv/Dec 1086/1558.

09:40AM ET

[BRIEFING.COM] The major U.S. indices are trading slightly lower in the opening minutes of today's session, with the S&P 500 showing a loss of 0.1%.

Most sectors are trading in negative territory, but losses have been modest for the most part. The heavily-weighted financial sector (-0.6%) is the weakest group, extending its week-to-date loss to 2.0%. Conversely, the consumer staples space (+0.5%) trades at the top of the sector standings amid broad strength.

In the bond market, U.S. Treasuries are mostly flat, with the benchmark 10-yr yield unchanged at 2.31%.

Dow: -24.69… | Nasdaq: -3.88… | S&P: -3.82…

NASDAQ Adv/Dec 1197/1420. …NYSE Adv/Dec 1125/1452.

09:09AM ET

[BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -1.60.

The stock market is on track to open today's session modestly lower as the S&P 500 futures trade two points, or 0.1%, below fair value. All three major indices--the S&P 500, the Dow, and the Nasdaq--ended yesterday's session at, or near, record highs.

Snap (SNAP 13.52, -1.60) is down 10.6% after reporting worse-than-expected revenues and below-consensus daily active user growth on Tuesday evening. However, the company significantly trimmed its loss after announcing that Chinese tech giant Tencent (TCEHY 49.80, +0.04) has increased its stake in Snap by buying another 145,778,246 shares (or roughly 12%).

Conversely, video game maker Take-Two Interactive (TTWO 119.25, +12.86) is up 12.1% after reporting better-than-expected revenues and issuing above-consensus revenue guidance for the holiday season. At that level, the company is set to open at a new all-time high.

In the bond market, U.S. Treasuries have moved in a curve-flattening trade, with the 2-yr yield climbing two basis points to 1.64% while the benchmark 10-yr yield trades unchanged at 2.31%. For the week, the 2yr-10yr spread has decreased by four basis points.

Elsewhere, WTI crude futures are down 0.3% at $57.02/bbl, but still remain near their best level since mid-2015. The Energy Information Administration (EIA) will release its weekly crude inventory report at 10:30 ET.

On the data front, today's lone economic report--the weekly MBA Mortgage Applications Index--was unchanged from the prior week (0.0%).

08:50AM ET

[BRIEFING.COM] S&P futures vs fair value: -2.00. Nasdaq futures vs fair value: -1.40.

The S&P 500 futures trade two points, or 0.1%, below fair value.

Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note, but losses were limited. President Trump visited South Korea, where he called on the North to "make a deal." While addressing the Korea National Assembly, the president said North Korea must be denied support, supply, and acceptance. President Trump is in China today. Chinese debt showed brief weakness that lifted the 10-yr yield to 3.95% from 3.89% before pulling back.

In economic data:
China's October trade surplus $38.17 billion (expected surplus of $39.50 billion; last surplus of $28.61 billion). October Imports +17.2% year-over-year (consensus 16.0%; last 18.6%) and Exports +6.9% year-over-year (consensus 7.2%; last 8.1%)
Japan's September Leading Index -0.6% month-over-month (last 2.0%) and September Coincident Indicator -1.9% month-over-month (last 2.0%)

---Equity Markets---

Japan's Nikkei shed 0.1%. Kubota, Yokogawa Electric, Mitsubishi Motors, Comsys Holdings, Nitto Denko, Ebara, and Fuji Heavy Industries lost between 2.0% and 6.6%.
Hong Kong's Hang Seng slipped 0.3%. Energy-related names like China Petrol & Chemical, PetroChina, and CNOOC posted losses between 1.3% and 1.7%. Property names like Wharf Holdings, China Overseas, New World Development, and China Resources Land lost between 0.4% and 2.0%.
China's Shanghai Composite added 0.1%. Yangzhou Asiastar Bus, Ningbo Shanshan, Liaoning SG Automotive, Harbin Gong Da High-Tech Enterprise Development, and Chinese Universe Publishing & Media gained between 4.3% and 8.4%.
India's Sensex lost 0.5%. Bharti Airtel fell 3.7% and Tata Motors lost 2.9% while financials ended mixed. SBI and ICICI Bank both lost near 2.0% while HDFC Bank and AXIS Bank gained 0.1% and 3.4%, respectively.

Major European indices trade near their flat lines while Italy's MIB (-0.8%) shows relative weakness. Germany's Leading Economic Institutes raised their expectations for German GDP growth for 2017 to 2.0% from 1.4%. The Institutes believe that the European Central Bank should communicate an exit strategy and quickly reduce asset purchases ahead of the scheduled end for the purchase program. French Finance Minister Bruno Le Marie said that France and Germany should harmonize their corporate taxes by the end of next year.

In economic data:
Spain's September Industrial Production +3.4% year-over-year (expected 3.2%; last 1.9%)
France's September trade deficit EUR4.70 billion (expected deficit of EUR4.80 billion; last deficit of EUR4.20 billion). September Imports EUR45.00 billion (last EUR44.30 billion) and September Exports EUR40.30 billion (last EUR39.80 billion). September Current Account deficit EUR3.10 billion (last deficit of EUR1.70 billion)

---Equity Markets---

Germany's DAX is unchanged. Lufthansa has tumbled 4.1% while heavyweights like Commerzbank, Volkswagen, BASF, Continental, Allianz, Bayer, and Daimler are down between 0.2% and 1.1%. On the upside, utilities E.On and RWE hold respective gains of 1.9% and 1.1%.
UK's FTSE trades flat with homebuilders among the laggards. Persimmon, Taylor Wimpey, and Barratt Developments show losses between 2.1% and 3.7%. Consumer names like Associated British Foods, IAG, TUI, Dixons Carphone, and Sainsbury show losses between 0.4% and 2.8%.
France's CAC has shed 0.2%. Credit Agricole is down 3.2% in reaction to disappointing results while peers Societe Generale and BNP Paribas show respective losses of 0.5% and 0.4%. Automakers Peugeot and Renault are down 1.9% and 1.8%, respectively. Conversely, Carrefour has climbed 3.0%.
Italy's MIB trades down 0.8% amid weakness in bank stocks. Banco Bpm, Bper Banca, and UBI Banca are down between 1.3% and 4.7%.

08:27AM ET

[BRIEFING.COM] S&P futures vs fair value: -1.80. Nasdaq futures vs fair value: -0.60.

The S&P 500 futures currently trade two points, or 0.1%, below fair value.

Snap (SNAP 13.21, -1.91), which owns the social media app Snapchat, has been on a wild ride since reporting its third quarter results on Tuesday evening. The company lost as much as 22.0% overnight in reaction to its earnings report, which showed worse-than-expected revenues and below-consensus daily active user growth. However, SNAP shares shot into positive territory after announcing Chinese tech giant Tencent (TCEHY 49.80, +0.04) has increased its stake in the company by buying another 145,778,246 shares (or roughly 12%).

After all that, shares of the social media company are currently lower by 12.7% in pre-market trade. At that level, Snap is on track to open today's session 22.3% below its IPO price of $17.00 per share and 55.1% below its all-time high of $29.44 per share, which it hit shortly after going public on March 2.

08:01AM ET

[BRIEFING.COM] S&P futures vs fair value: -4.30. Nasdaq futures vs fair value: -6.60.

The U.S. equity market held at record highs on Tuesday, ending the session little changed, but looks poised to open Wednesday's session a step below its unchanged mark. The S&P 500 futures are currently trading four points, or 0.2%, below fair value. For the week, the benchmark index is higher by 0.1%.

U.S. Treasuries have moved in a curve-flattening trade this morning, which may put the S&P 500's financial sector at a disadvantage. The yield on the 2-yr Treasury note is up two basis points at 1.64%, while the benchmark 10-yr yield is flat at 2.31%. For the week, the 2yr-10yr spread has decreased by four basis points.

On the data front, today's lone economic report--the weekly MBA Mortgage Applications Index--was unchanged from the prior week (0.0%).

Elsewhere, WTI crude futures are down 0.3% at $57.02/bbl, the U.S. Dollar Index is lower by 0.1% at 94.76, and gold is up 0.5% at $1,281.52/ozt.

In U.S. corporate news:

Snap (SNAP 13.69, -1.43): -9.5% after reporting worse-than-expected third quarter revenues and disappointing growth in daily active users (DAUs). Snap lost as much as 22.0% in reaction to its earnings report, but made a sharp move higher after announcing that Chinese tech giant Tencent (TCEHY 49.80, +0.04) has purchased a 12% stake in the company.
Take-Two (TTWO 116.30, +9.91): +9.3% after reporting above-consensus revenues and issuing better-than-expected revenue guidance.
Fossil (FOSL 6.51, -0.34): -5.0% after issuing disappointing guidance for the fourth quarter.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note, but losses were limited. Japan's Nikkei -0.1%, Hong Kong's Hang Seng -0.3%, China's Shanghai Composite +0.1%, India's Sensex -0.5%.
In economic data:
China's October trade surplus $38.17 billion (expected surplus of $39.50 billion; last surplus of $28.61 billion). October Imports +17.2% year-over-year (consensus 16.0%; last 18.6%) and Exports +6.9% year-over-year (consensus 7.2%; last 8.1%)
Japan's September Leading Index -0.6% month-over-month (last 2.0%) and September Coincident Indicator -1.9% month-over-month (last 2.0%)
In news:
President Trump visited South Korea, where he called on the North to "make a deal." While addressing the Korea National Assembly, the president said North Korea must be denied support, supply, and acceptance. President Trump is in China today.
Chinese debt showed brief weakness that lifted the 10-yr yield to 3.95% from 3.89% before pulling back.

Major European indices trade just below their flat lines while Italy's MIB (-0.7%) shows relative weakness. Germany's DAX -0.1%, UK's FTSE -0.1%, France's CAC -0.2%.
In economic data:
Spain's September Industrial Production +3.4% year-over-year (expected 3.2%; last 1.9%)
France's September trade deficit EUR4.70 billion (expected deficit of EUR4.80 billion; last deficit of EUR4.20 billion). September Imports EUR45.00 billion (last EUR44.30 billion) and September Exports EUR40.30 billion (last EUR39.80 billion). September Current Account deficit EUR3.10 billion (last deficit of EUR1.70 billion)
In news:
Germany's Leading Economic Institutes raised their expectations for German GDP growth for 2017 to 2.0% from 1.4%. The Institutes believe that the European Central Bank should communicate an exit strategy and quickly reduce asset purchases ahead of the scheduled end for the purchase program.
French Finance Minister Bruno Le Marie said that France and Germany should harmonize their corporate taxes by the end of next year.

05:52AM ET

[BRIEFING.COM] S&P futures vs fair value: -1.10. Nasdaq futures vs fair value: -0.20.
05:52AM ET

[BRIEFING.COM] Nikkei...22914...-23.80...-0.10%

Hang Seng...28908...-86.70...-0.30%

05:52AM ET

[BRIEFING.COM] FTSE...7514.881...+1.70...+0.00%

DAX...13374.45...-4.80...0.00%

04:30PM ET

[BRIEFING.COM] Equities ended Tuesday little changed after heavy losses from financial shares roughly balanced gains in most other areas. The Dow eked out a slim victory--and its fourth consecutive record close--while the S&P 500 finished just a tick below its flat line. The Nasdaq (-0.3%) struggled to keep pace with its peers, but the small-cap Russell 2000 significantly underperformed, plunging 1.3%.

The financial sector tumbled 1.3% amid broad weakness, finishing at the very bottom of the sector standings. Heavyweights like JPMorgan Chase (JPM 98.75, -2.03), Bank of America (BAC 27.18, -0.57), and Wells Fargo (WFC 55.05, -1.13) showed particular weakness, settling with losses of around 2.0% apiece. Today's slide leaves the sector at a fresh two-week low.

Meanwhile, the consumer discretionary sector also struggled on Tuesday, declining by 0.6%. Travel sites Priceline (PCLN 1645.72, -257.28) and TripAdvisor (TRIP 30.35, -9.18) were the sector's worst-performing components, plunging 13.5% and 23.2%, respectively, after Priceline issued disappointing profit guidance for the fourth quarter and TripAdvisor missed Q3 revenue estimates.

Retailers also weighed on the sector, evidenced by the 2.4% decline in the SPDR S&P Retail ETF (XRT 39.00, -0.94)--which finished at a two-month low. There wasn't a single catalyst for the retail slide, but it did follow a Reuters report that some retailers are ordering less merchandise for the holiday season in fear of being stuck with unsold goods at the end.

On a positive note, the consumer staples (+1.1%), utilities (+1.2%), and real estate (+0.9%) sectors finished Tuesday solidly higher. Within the consumer staples space, pharmacy retailers CVS Health (CVS 68.95, +2.15) and Walgreens Boot Alliance (WBA 67.92, +1.98) bounced back from recent weakness, ending with respective gains of 3.2% and 3.0%.

In the bond market, U.S. Treasuries finished mostly higher, with the yield on the benchmark 10-yr Treasury note slipping one basis point to 2.31%.

Elsewhere, WTI crude futures dropped 0.3% to $57.20/bbl after hitting their highest level since July 2015 on Monday. A stronger U.S. dollar worked against the commodity; the U.S. Dollar Index climbed 0.2% to 94.79.

Reviewing Tuesday's economic data, which included the September Job Openings and Labor Turnover Survey (JOLTS) and the September Consumer Credit Report:

The September Job Openings and Labor Turnover Survey showed that job openings stayed at 6.09 million.
The Consumer Credit report for September showed an increase of $20.8 billion (Briefing.com consensus +$18.3 billion).

On Wednesday, investors will receive just one economic report--the weekly MBA Mortgage Applications Index--which will be released at 7:00 ET.

Nasdaq Composite +25.7% YTD
Dow Jones Industrial Average +19.2% YTD
S&P 500 +15.7% YTD
Russell 2000 +9.0% YTD

Dow: +8.81… | Nasdaq: -18.65… | S&P: -0.49…

NASDAQ Adv/Dec 787/1960. …NYSE Adv/Dec 1259/1695.

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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