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 Post subject: December 14th Thursday Trade Results - Profits $775.00
PostPosted: Fri Dec 15, 2017 10:30 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
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Price Action Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
TheStrategyLab Price Action Trading (no technical indicators)
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)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (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 @ $775.00 dollars or +15.50 points, Light Crude Oil CL ($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 @ $775.00 dollars

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 & Price Action Analysis is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=174&t=2718

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 and price action analysis 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=335&t=3584 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 04:15PM ET
Dow: -76.77… | Nasdaq: -19.27… | S&P: -10.84…
NASDAQ Vol: 1.97 bln… Adv: 832… Dec: 1767…
NYSE Vol: 813.8 mln… Adv: 1088… Dec: 1867…

Moving the Market

Investors take some profits as they await further details about tax reform

Retail Sales increase more than expected in November (+0.8% vs +0.3%)

ECB and BoE leave interest rates unchanged, as expected

Sector Watch
Strong: Consumer Discretionary, Technology, Utilities, Real Estate
Weak: Financials, Industrials, Materials, Health Care, Telecom Services
04:15PM ET

[BRIEFING.COM] U.S. equities slipped on Thursday as investors continued to monitor tax reform developments in Washington.

Losses were modest for the most part, but small caps showed notable weakness, pushing the Russell 2000 lower by 1.2%. The S&P 500 declined by 0.4%, while the Nasdaq Composite and the Dow Jones Industrial Average shed 0.3% apiece. The Dow's loss ended its streak of record closes at four in a row.

Equities began the day slightly higher, but were tripped up by rumors that House Speaker Paul Ryan (R-WI) is considering resigning following the 2018 mid-term elections. Mr. Ryan later said that he does not plan on retiring anytime soon, but equities failed to bounce back to their earlier levels.

Selling persisted following news that Senator Marco Rubio (R-FL) will vote 'No' on tax reform unless the final bill further expands the child tax credit for lower-income households. The GOP can only afford to lose two votes in the Senate, and it's already assumed that Senator Bob Corker (R-TN) will vote against the piece of legislation.

The GOP aims to release the full details of the bill on Friday, and Congress is expected to vote on the measure sometime next week.

Ten of the eleven sectors finished Thursday in the red, with the health care (-1.1%), materials (-1.1%), and telecom services (-0.9%) groups being the weakest performers. Within the health care space, biotech names were especially weak, sending the iShares Nasdaq Biotechnology ETF (IBB 105.17, -1.55) lower by 1.5%.

Meanwhile, steelmaker Nucor (NUE 59.54, -2.31) paced the material sector's retreat, losing 3.7%, after lowering its profit guidance for the fourth quarter.

On the upside, the consumer discretionary sector (+0.3%) advanced on Thursday. 21st Century Fox (FOXA 34.88, +2.13) led the charge, adding 6.5%, after Walt Disney (DIS 110.57, +2.96) agreed to purchase select assets from the company, including its film division and much of its TV operations, for $52.4 billion in stock. DIS shares climbed 2.8%.

In the bond market, U.S. Treasuries had a mixed outing, despite a stronger-than-expected Retail Sales Report for November (see data section below). The yield on the benchmark 10-yr Treasury note finished flat at 2.35%, while the 2-yr yield climbed one basis point to 1.80%. The 10-yr yield has lost three basis points so far this week.

Elsewhere, European equities finished Thursday broadly lower, with the Euro Stoxx 50 losing 0.5%, while Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite shed 0.3% apiece. The U.S. dollar added 0.4% against the euro (1.1785) but lost 0.3% and 0.1%, respectively, against the yen (112.25) and the pound (1.3430).

The European Central Bank decided to leave its key policy rate unchanged, as expected, and reiterated that it will reduce its monthly asset purchases to EUR30 billion (from EUR60 billion) starting in January and continuing through September 2018, or beyond, if necessary.

In addition, the Bank of England voted unanimously to leave its key rate at 0.50% and its asset purchase program at GBP435 billion, as expected.

Reviewing Thursday's economic data, which included November Retail Sales, weekly Initial Claims, November Export/Import Prices, and October Business Inventories:

November retail sales increased 0.8% (Briefing.com consensus +0.3%). The prior month's increase was revised to 0.5% from 0.2%. Excluding autos, retail sales increased 1.0% in November while the Briefing.com consensus expected an increase of 0.6%. The prior month's increase was revised to 4% from 0.1%.
The key takeaway from the report is that there was healthy spending activity across discretionary categories, which is consistent with a consumer feeling good about their income prospects.
The latest weekly initial jobless claims count totaled 225,000, while the Briefing.com consensus expected a reading of 239,000. Today's tally was below the unrevised prior week count of 236,000. As for continuing claims, they declined to 1.886 million from the revised count of 1.913 million (from 1.908 million).
The latest week marks the 145th straight week initial claims have been below 300,000.
Import prices excluding oil were flat in November (0.0%) after increasing a revised 0.1% in October (from +0.2%). Export prices excluding agriculture increased 0.6% in November after decreasing a revised 0.1% in October (from -0.3%).
The monthly gain left import prices up 3.1% year-over-year, versus up 0.2% for the 12 months ending November 2016, and export prices up 3.1% year-over-year, versus down 0.2% for the 12 months ending November 2016.
Business Inventories decreased 0.1% in October, as expected. The September reading was left unrevised at 0.0%.
The key takeaway from the report is that sales growth is outpacing inventory growth, which is a step toward regaining some pricing power.

On Friday, investors will receive the Empire State Manufacturing Survey for December (Briefing.com consensus 18.0) at 8:30 ET and both Industrial Production (Briefing.com consensus +0.3%) and Capacity Utilization (Briefing.com consensus 77.2%) at 9:15 ET.

Nasdaq Composite +27.4% YTD
Dow Jones Industrial Average +24.0% YTD
S&P 500 +18.5% YTD
Russell 2000 +11.1% YTD

Dow: -76.77… | Nasdaq: -19.27… | S&P: -10.84…

NASDAQ Adv/Dec 832/1767. …NYSE Adv/Dec 1088/1867.

03:35PM ET

[BRIEFING.COM] Commodities end the day lower :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 2.3% at 83.47
Dollar index is currently up 0.1% at 93.52
Jan WTI Crude is up 0.71% on the day.
Futures settle $0.4 higher to $57/barrel.
In other energy:
EIA Natural gas inventory data showed a draw of 69 bcf vs a build of 2 bcf in the prior week
Jan Natural Gas settled down $0.03 at $2.69/MMBtu
On the metals:
Feb Gold gained $8.60 to settle at $1257.20/oz, while Mar silver gained $0.07 to $15.94/oz
Mar Copper gained $0.02 to $3.07/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.49/bu.
Jan Soy settled down $0.0075 at $9.6725/bu.
Mar Wheat settled up $0.01 at $4.19/bu.

Dow: -19.41… | Nasdaq: -8.3… | S&P: -5.03…

NASDAQ Adv/Dec 961/1795. …NYSE Adv/Dec 1122/1840.

03:00PM ET

[BRIEFING.COM] The major U.S. indices enter the final hour of trading at their worst marks of the day; the S&P 500 shows a loss of 0.3%.

Snyder's Lance (LNCE 43.82, +4.46) has moved sharply higher in recent action following a CNBC report that the snackmaker is weighing a potential sale after being approached by Campbell Soup (CPB 48.96, -0.21). LNCE shares held a loss of 1.5% ahead of the news, but now trade higher by 11.8%. CPB shares are down 0.5%.

On the earnings front, several notable companies will report their quarterly results following today's closing bell, including Oracle (ORCL 50.16, +0.11), Adobe Systems (ADBE 176.66, -0.17), and Costco (COST 186.34, -1.94).

Dow: -46.53… | Nasdaq: -14.49… | S&P: -7.62…

NASDAQ Adv/Dec 936/1858. …NYSE Adv/Dec 1077/1859.

02:30PM ET

[BRIEFING.COM] Equities have slipped to new session lows in recent action. The major averages hold losses between 0.2% and 0.3%. The Russell 2000 is lower by 0.9%.

Transports have struggled today, evidenced by the 0.7% decrease in the Dow Jones Transportation Average. Within the DJTA, FedEx (FDX 238.89, -3.13) and UPS (UPS 116.67, -1.73) are among the weakest components, showing losses of around 1.4% apiece. Airlines are outperforming, however, sending the US Global Jets ETF (JETS 32.10, +0.12) higher by 0.4%.

The industrial sector, which houses transportation names, trades behind the broader market with a loss of 0.6%. Dow component Caterpillar (CAT 146.11, -2.46) shows particular weakness, losing 1.7%, after jumping more than 3.0% yesterday in reaction to a 26% year-over-year increase in November machine sales.

Dow: -48.95… | Nasdaq: -16.44… | S&P: -8.20…

NASDAQ Adv/Dec 899/1908. …NYSE Adv/Dec 1073/1850.

01:55PM ET

[BRIEFING.COM] Equity indices are hovering near their worst marks of the day, but their losses have been kept in check. The S&P 500 is down just 0.1%.

The sector standings are looking overwhelmingly red this afternoon as there are now eight groups (out of eleven) trading in negative territory, including health care (-0.9%), materials (-0.9%), industrials (-0.5%), telecom services (-0.3%), financials (-0.2%), utilities (-0.2%), consumer staples (-0.1%), and energy (unch).

On the flip side, the consumer discretionary (+0.5%), technology (+0.1%), and real estate (+0.1%) spaces are trading in the green.

In Washington, the Washington Post just reported that Senator Marco Rubio (R-FL) will vote against the GOP's tax reform bill unless tax credits for the working poor are expanded. The GOP can only afford to lose two votes in the Senate, and Senator Bob Corker (R-TN) is widely expected to vote against the measure.

Dow: -15.36… | Nasdaq: -2.17… | S&P: -3.43…

NASDAQ Adv/Dec 1030/1791. …NYSE Adv/Dec 1243/1689.

01:30PM ET

[BRIEFING.COM] The major U.S. indices trade a tick below their flat lines.

A look inside the Dow shows that Walt Disney (DIS 110.18, +2.57), Boeing (BA 294.25, +2.41), and Nike (NKE 64.77, +0.48) are outperforming. DIS shares have jumped 2.4% after the media giant agreed to purchase select assets from 21st Century Fox (FOXA 34.44, +1.69) for $52.4 billion in stock.

Conversely, Caterpillar (CAT 146.01, -2.56) is the worst-performing Dow component, losing 1.7%, after jumping to a new all-time high on Wednesday.

Dow: -1.18… | Nasdaq: -1.47… | S&P: -2.56…

NASDAQ Adv/Dec 1138/1683. …NYSE Adv/Dec 1343/1577.

01:00PM ET

[BRIEFING.COM] There's been little conviction on Wall Street today as investors remain focused on the GOP's tax overhaul effort.

The S&P 500 is flat, while the Nasdaq Composite (+0.2%) and the Dow Jones Industrial Average (+0.1%) sport modest gains. The Dow would notch its fifth consecutive record close with a win today. Meanwhile, the small-cap Russell 2000 is down 0.1%, eyeing its third loss in four sessions.

Sectors are pretty evenly mixed between green and red, but movement has been modest in general; no group holds a gain, or a loss, of more than 0.6%.

The top-weighted technology sector (+0.4%) trades ahead of the broader market, with Alphabet (GOOG 1055.90, +15.52) and Facebook (FB 179.77, +1.47) showing relative strength; the two giants are up 1.5% and 0.8%, respectively. The consumer discretionary space (+0.5%) is also outperforming, with 21st Century Fox (FOXA 34.13, +1.38) leading the way.

FOXA shares have climbed 4.2% after Walt Disney (DIS 110.28, +2.67) agreed to purchase select assets from the company, including Fox's film and much of its TV operations, for a price of $52.4 billion in stock. DIS shares have also climbed following the news and currently trade higher by 2.6%.

The news wasn't a surprise as reports earlier in the week indicated that a deal would likely be announced today.

On the downside, the heavily-weighted health care sector is down 0.6%, reducing its week-to-date gain to 0.6%, while the influential financial group (-0.2%) also underperforms. The financial space lost 1.3% on Wednesday following the Fed's decision to increase interest rates and amid a flattening of the yield curve.

The yield curve has continued to flatten today, which doesn't bode well for lenders, as Treasuries give back a small portion of their Wednesday gains. The yield on the benchmark 10-yr Treasury note is up one basis point at 2.36%, which is roughly where it's been all session, while the 2-yr yield is flat at 1.79% after hitting 1.83% earlier.

Elsewhere, European equities finished Thursday's session on a lower note, with the Euro Stoxx 50 losing 0.5%, while Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite settled with losses of 0.3% apiece.

The European Central Bank decided to leave its key policy rate unchanged, as expected, and reiterated that it will reduce its monthly asset purchases to EUR30 billion starting in January and continuing through September 2018, or beyond, if necessary.

In addition, the Bank of England voted unanimously to leave its key rate at 0.50% and its asset purchase program at GBP435 billion, as expected.

Reviewing Thursday's economic data, which included November Retail Sales, weekly Initial Claims, November Export/Import Prices, and October Business Inventories:

November retail sales increased 0.8% (Briefing.com consensus +0.3%). The prior month's increase was revised to 0.5% from 0.2%. Excluding autos, retail sales increased 1.0% in November while the Briefing.com consensus expected an increase of 0.6%. The prior month's increase was revised to 4% from 0.1%.
The key takeaway from the report is that there was healthy spending activity across discretionary categories, which is consistent with a consumer feeling good about their income prospects.
The latest weekly initial jobless claims count totaled 225,000, while the Briefing.com consensus expected a reading of 239,000. Today's tally was below the unrevised prior week count of 236,000. As for continuing claims, they declined to 1.886 million from the revised count of 1.913 million (from 1.908 million).
The latest week marks the 145th straight week initial claims have been below 300,000.
Import prices excluding oil were flat in November (0.0%) after increasing a revised 0.1% in October (from +0.2%). Export prices excluding agriculture increased 0.6% in November after decreasing a revised 0.1% in October (from -0.3%).
The monthly gain left import prices up 3.1% year-over-year, versus up 0.2% for the 12 months ending November 2016, and export prices up 3.1% year-over-year, versus down 0.2% for the 12 months ending November 2016.
Business Inventories decreased 0.1% in October, as expected. The September reading was left unrevised at 0.0%.
The key takeaway from the report is that sales growth is outpacing inventory growth, which is a step toward regaining some pricing power.

Dow: -11.36… | Nasdaq: +4.51… | S&P: -2.06…

NASDAQ Adv/Dec 1243/1591. …NYSE Adv/Dec 1354/1533.

12:25PM ET

[BRIEFING.COM] The major U.S. indices continue to trade a tick above their unchanged marks.

European equities finished Thursday's session on a lower note, with the Euro Stoxx 50 losing 0.5%. The European Central Bank decided to leave its key policy rate unchanged, as expected, and reiterated that it will reduce its monthly asset purchases to EUR30 billion starting in January and continuing through September 2018, or beyond, if necessary.

In addition, the Bank of England voted unanimously to leave its key rate at 0.50% and its asset purchase program at GBP435 billion, as expected.

In the currency market, the U.S. Dollar Index is up 0.3% at 93.68, bouncing back from yesterday's 0.7% decline. The greenback is up 0.4% against the euro at 1.1778, but trades lower by 0.1% against the British pound at 1.3428.

Dow: +22.36… | Nasdaq: +12.78… | S&P: +0.30…

NASDAQ Adv/Dec 1298/1531. …NYSE Adv/Dec 1434/1457.

11:55AM ET

[BRIEFING.COM] Equity indices are trading a step above their flat lines, sporting gains between 0.1% and 0.3%.

The consumer discretionary space (+0.4%) is trading near the top of today's sector standings, with its largest component by market cap--Amazon (AMZN 1175.44, +10.97)--advancing 1.0%. Tiffany & Co (TIF 99.56, +3.46) is one of the group's top-performing components, adding 3.6%, after Citigroup upgraded TIF shares to 'Buy' from 'Neutral.'

In the bond market, U.S. Treasuries have given back some of yesterday's gains today, pushing yields higher across the curve. The benchmark 10-yr yield is up one basis point at 2.36%, while the 2-yr yield is higher by three basis points at 1.82%.

Dow: +40.48… | Nasdaq: +17.23… | S&P: +2.32…

NASDAQ Adv/Dec 1460/1355. …NYSE Adv/Dec 1488/1362.

11:30AM ET

[BRIEFING.COM] Equities have ticked lower in recent action, bringing the S&P 500 and the Dow back to their flat lines. The Nasdaq is still in the green, however, sporting a gain of 0.2%.

The heavily-weighted health care sector (-0.5%) is among today's worst-performing groups. The sector had a good start to the week, advancing in all three of the prior sessions, but today's slide places the group back in line with the broader market, cutting its week-to-date gain to 0.5%. For comparison, the S&P 500 is up 0.4% week to date.

Within the health care group, biotechnology companies show particular weakness, sending the iShares Nasdaq Biotechnology ETF (IBB 105.96, -0.76) lower by 0.7%. Meanwhile, Dow components Johnson & Johnson (JNJ 141.75, -1.13) and UnitedHealth (UNH 223.36, -0.98) show respective losses of 0.8% and 0.5%.

Dow: +12.83… | Nasdaq: +10.42… | S&P: +0.16…

NASDAQ Adv/Dec 1383/1416. …NYSE Adv/Dec 1382/1438.

10:55AM ET

[BRIEFING.COM] Stocks are hovering near their opening marks this morning, with the S&P 500 holding a gain of 0.2%.

Seven of eleven sectors are trading in the green--technology (+0.5%), financials (+0.4%), consumer discretionary (+0.4%), real estate (+0.3%), energy (+0.2%), industrials (+0.2%), and consumer staples (+0.1%)--while four are trading in the red--utilities (-0.1%), materials (-0.3%), health care (-0.4%), and telecom services (-0.8%).

Within the technology space, heavyweights like Alphabet (GOOG 1053.75, +12.84) and Facebook (FB 180.02, +1.75) trade comfortably ahead of the broader market, sporting gains of 1.3% and 1.0%, respectively. A win for the tech sector today would marks its seventh victory in eight sessions.

Dow: +38.78… | Nasdaq: +22.32… | S&P: +4.30…

NASDAQ Adv/Dec 1599/1193. …NYSE Adv/Dec 1490/1310.

10:30AM ET

[BRIEFING.COM] Commodities begin the day flat :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently unchanged 0% at 83.47
Dollar index is currently up 0.21% at 93.63
Jan WTI crude is down 0.02% on the day.
Futures are $0.01 lower to $56.59/barrel.
In other energy:
EIA Natural gas inventory data showed a draw of 69 bcf vs a build of 2 bcf in the prior week
Jan natural gas is down $0.02 at $2.7/MMBtu
Metals:
Feb gold gained $4.5 and trades at $1253.1/oz, while Mar silver lost $0.01 to $15.86/oz
Mar copper gained 0.03 to $3.08/lb
Finally, agriculture:
Mar corn is up $0.02 at $3.51/bu.
Jan soy is down $0.07 at $9.7225/bu.
Mar wheat is up $0.02 at $4.19/bu.

Dow: +36.14… | Nasdaq: +17.36… | S&P: +3.93…

NASDAQ Adv/Dec 1443/1336. …NYSE Adv/Dec 1383/1410.

10:00AM ET

[BRIEFING.COM] Equity indices continue to trade a tick above their flat lines.

Just in, Business Inventories decreased 0.1% in October, as expected. The September reading was left unrevised at 0.0%.

Dow: +59.18… | Nasdaq: +12.19… | S&P: +3.62…

NASDAQ Adv/Dec 1568/1143. …NYSE Adv/Dec 1482/1217.

09:40AM ET

[BRIEFING.COM] The major U.S. indices are modestly higher in the opening minutes of today's session, with the S&P 500 sporting a gain of 0.1%.

Most sectors are trading in the green, but gains have been limited thus far. The financial sector (+0.3%) is among the top performers, bouncing back from yesterday's 1.3% decline, while the top-weighted technology sector (+0.1%) trades roughly in line with the broader market.

On the downside, the telecom services group (-0.7%) is among the weakest performers, trimming its week-to-date advance to 3.2%.

Dow: +79.45… | Nasdaq: +16.34… | S&P: +4.65…

09:10AM ET

[BRIEFING.COM] S&P futures vs fair value: +5.00. Nasdaq futures vs fair value: +13.90.

Stocks look poised to open Thursday's session in the green as the S&P 500 futures trade five points, or 0.2%, above fair value.

Investors have received a heavy dose of economic data this morning, but it's impact on the U.S. Treasury market has been limited thus far. Bonds are trading broadly lower this morning, giving back some of yesterday's gains, which followed the Fed's decision to raise the fed funds target range by 25 basis points to 1.25%-1.50%.

The yield on the benchmark 10-yr Treasury note has climbed to 2.37% after settling yesterday's session at 2.35%, while the 2-yr yield is up one basis point at 1.80%.

This morning's economic reports have included November Retail Sales, weekly Initial Claims, and November Export/Import Prices:

November retail sales increased 0.8% (Briefing.com consensus +0.3%). The prior month's increase was revised to 0.5% from 0.2%. Excluding autos, retail sales increased 1.0% in November while the Briefing.com consensus expected an increase of 0.6%. The prior month's increase was revised to 4% from 0.1%.
The latest weekly initial jobless claims count totaled 225,000, while the Briefing.com consensus expected a reading of 239,000. Today's tally was below the unrevised prior week count of 236,000. As for continuing claims, they declined to 1.886 million from the revised count of 1.913 million (from 1.908 million).
Import prices excluding oil were flat in November (0.0%) after increasing a revised 0.1% in October (from +0.2%). Export prices excluding agriculture increased 0.6% in November after decreasing a revised 0.1% in October (from -0.3%).

Today's last economic report--October Business Inventories (Briefing.com consensus -0.1%)--will be released at 10:00 ET.

The European Central Bank and the Bank of England voted earlier this morning to keep their key policy rates and asset purchase programs unchanged, as expected. The Euro Stoxx 50 has trimmed its loss slightly in recent action and now trades lower by just 0.2%, while the yield on Germany's 10-yr bund is up one basis point at 0.33%.

Elsewhere, Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite finished Thursday with losses of 0.3% apiece.

In U.S. corporate news, Walt Disney (DIS 106.70, -0.96) has agreed to purchase select assets from 21st Century Fox (FOXA 32.26, -0.49), including Fox's film and much of its TV operations, for a price of $52.4 billion in stock. Reports from earlier in the week indicated that a deal would likely be announced today.

Shares of Walt Disney and shares of 21st Century Fox are down 0.9% and 1.5%, respectively, in pre-market trading.

08:50AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +8.10.

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

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note. The People's Bank of China followed yesterday's FOMC hike by increasing short-term reverse repurchase rates and raising the one-year lending facility rate by 5 bps apiece. Hong Kong's Monetary Authority raised its base rate 25 bps to 1.75%. With the U.S. tax bill nearing final passage, China's National Bureau of Stats noted that Chinese companies face a heavy tax burden and there is room for the Chinese government to cut taxes.

In economic data:
China's November Retail Sales +10.2% year-over-year (consensus 10.3%; last 10.0%), November Industrial Production +6.1% year-over-year (consensus 6.2%; last 6.2%), and November Fixed Asset Investment +7.2% year-over-year, as expected (last 7.3%). November FDI +9.8% (last 1.9%)
Japan's October Industrial Production +0.5% month-over-month, as expected (last 0.5%) and October Capacity Utilization +0.2% month-over-month (last -1.5%). December Manufacturing PMI 54.2 (last 53.6)
Australia's November Employment Change 61,600 (expected 19,200; last 7,800). November Participation Rate 65.5% (expected 65.1%; last 65.2%) and November Unemployment Rate held at 5.4%, as expected
India's November WPI Inflation +3.9% year-over-year (expected 3.8%; last 3.6%). WPI Fuel +8.8% year-over-year (last 10.5%) and WPI Food +6.1% year-over-year (last 4.3%)

---Equity Markets---

Japan's Nikkei shed 0.3%. Rakuten, NKSJ Holdings, Casio, KDDI, Nikon, Softbank, Sony Financial Holdings, Konica Minolta, Komatsu, and TDK posted losses between 1.1% and 4.9%.
Hong Kong's Hang Seng also slipped 0.3%. Sunny Optical Tech and Apple supplier AAC Technologies lost 4.1% and 3.4%, respectively, while financials like BoC Hong Kong, AIA Group, China Life Insurance, Ping An Insurance, Hang Seng Bank, and HSBC posted losses between 0.5% and 1.9%.
China's Shanghai Composite ended lower by 0.3%. Harbin Air Conditioning, Nuode Investment, China Fortune Land Development, Sichuan Langsha Holding, and Shanghai Diesel Engine lost between 4.2% and 4.5%.
India's Sensex climbed 0.6%. Dr. Reddy's Labs, Cipla, ITC, and Mahindra&Mahindra gained between 1.4% and 2.3% while financials also had a good showing. AXIS Bank, HDFC Bank, ICICI Bank, and SBI gained between 0.3% and 1.2%.

Major European indices hover near their flat lines with Germany's DAX (-0.6%) showing relative weakness. The European Central Bank left its key policy rate unchanged and confirmed that it will continue to make net asset purchases at a monthly pace of EUR30 billion, as expected. Similarly, the Bank of England voted 9-0 to maintain its official bank rate at 0.50% and keep the asset purchase program at GBP435 billion, as expected. The Swiss National Bank left its deposit rate at -0.75%, as expected, reiterating readiness to intervene in the foreign exchange market if necessary. In Norway, Norges Bank now expects to raise rates in late 2018 after a previous forecast pointed to a hike in 2019.

In economic data:
Eurozone December Manufacturing PMI 60.6 (expected 59.8; last 60.1) and Services PMI 56.5 (expected 56.1; last 56.2)
Germany's December Manufacturing PMI 63.3 (expected 62.2; last 62.5) and Services PMI 55.8 (consensus 54.7; last 54.3)
UK's November Retail Sales +1.1% month-over-month (expected 0.4%; last 0.5%); +1.6% year-over-year (consensus 0.3%: last -0.3%). November core Retail Sales +1.2% month-over-month (expected 0.5%; last 0.4%); +1.5% year-over-year (consensus 0.4%; last -0.3%)
France's November CPI +0.1% month-over-month, as expected (last 0.1%). December Manufacturing PMI 59.3 (expected 57.2; last 57.7) and Services PMI 59.4 (expected 59.9; last 60.4)
Italy's November CPI -0.2% month-over-month, as expected (last -0.2%); +0.9% year-over-year, as expected (last 0.9%)
Spain's November CPI +0.5% month-over-month (expected 0.4%; last 0.9%); +1.7% year-over-year (consensus 1.6%; last 1.6%)
Swiss November PPI +0.6% month-over-month (expected 0.3%; last 0.5%); +1.8% year-over-year (last 1.2%)

---Equity Markets---

Germany's DAX is down 0.6% amid broad weakness. Fresenius SE, Infineon, Fresenius ST, Merck, Bayer, and Henkel show losses between 0.9% and 3.3%. Heavyweights like Deutsche Bank, Siemens, and Volkswagen are all down near 0.5%.
UK's FTSE has shed 0.2%. Capita has slid 12.0% in response to a cautious outlook while consumer names like Travis Perkins, Associated British Foods, SKY, British American Tobacco, Carnival, and Merlin Entertainments show losses between 0.9% and 2.2%.
France's CAC is lower by 0.3%, but more than half of its components trade in the red. STMicroelectronics, Carrefour, TechnipFMC, Michelin, Accor, and ArcelorMittal show losses between 0.6% and 1.5%. Automakers Renault and Peugeot outperform with respective gains of 0.7% and 1.7%.


08:35AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +7.90.

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

Just in, November retail sales increased 0.8% (Briefing.com consensus +0.3%). The prior month's increase was revised to 0.5% from 0.2%. Excluding autos, retail sales increased 1.0% in November while the Briefing.com consensus expected an increase of 0.6%. The prior month's increase was revised to 4% from 0.1%.

Separately, import prices excluding oil were flat in November (0.0%) after increasing a revised 0.1% in October (from +0.2%). Export prices excluding agriculture increased 0.6% in November after decreasing a revised 0.1% in October (from -0.3%).

The latest weekly initial jobless claims count totaled 225,000, while the Briefing.com consensus expected a reading of 239,000. Today's tally was below the unrevised prior week count of 236,000. As for continuing claims, they declined to 1.886 million from the revised count of 1.913 million (from 1.908 million).

07:58AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.90. Nasdaq futures vs fair value: +7.30.

The equity market is on course to open today's session modestly higher as the S&P 500 futures trade five points, or 0.2%, above fair value. Coming into today's session, the S&P 500 holds a week-to-date gain of 0.4%. The Dow has had a relatively solid week thus far, adding 1.1% week to date.

As expected, the Fed decided to raise the fed funds target range by 25 basis points yesterday to 1.25%-1.50%. The central bank also released projections for future interest rates, which showed that the median FOMC member still anticipates three rate hikes in 2018 and two in 2019--unchanged from the projections released in September.

U.S. Treasuries rallied in a curve-flattening trade following the release, but have given back some of those gains this morning. The yield on the benchmark 10-yr Treasury note has climbed to 2.37% after settling yesterday's session at 2.35%, while the 2-yr yield is up one basis point at 1.80%. Yields move inversely to prices.

Elsewhere, the European Central Bank and the Bank of England both voted this morning to keep their key policy rates and their asset purchase programs unchanged, as expected. The Euro Stoxx 50 is down 0.4%, while the yield on Germany's 10-yr bund is flat at 0.32%. The U.S. dollar is roughly flat against the euro (1.1831) and the pound (1.3426).

In Asia, Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite finished Thursday with losses of 0.3% apiece.

On the data front, investors will receive a large batch of economic reports today, including November Retail Sales (Briefing.com consensus +0.3%), weekly Initial Claims (Briefing.com consensus 239K), November Export/Import Prices, and October Business Inventories (Briefing.com consensus -0.1%).

The first three reports will be released at 8:30 ET, while October Business Inventories will cross the wires at 10:00 ET.

In U.S. corporate news:

21st Century Fox (FOXA 31.85, -0.90): -2.8% after Walt Disney (DIS 106.06, -1.60) agreed to purchase select assets of the company for $52.4 billion in stock.
lululemon athletica (LULU 76.00, +1.81): +2.4% after Deutsche Bank upgraded LULU shares to 'Buy' from 'Hold.'

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note. Japan's Nikkei -0.3%, Hong Kong's Hang Seng -0.3%, China's Shanghai Composite -0.3%, India's Sensex +0.6%.
In economic data:
China's November Retail Sales +10.2% year-over-year (consensus 10.3%; last 10.0%), November Industrial Production +6.1% year-over-year (consensus 6.2%; last 6.2%), and November Fixed Asset Investment +7.2% year-over-year, as expected (last 7.3%). November FDI +9.8% (last 1.9%)
Japan's October Industrial Production +0.5% month-over-month, as expected (last 0.5%) and October Capacity Utilization +0.2% month-over-month (last -1.5%). December Manufacturing PMI 54.2 (last 53.6)
Australia's November Employment Change 61,600 (expected 19,200; last 7,800). November Participation Rate 65.5% (expected 65.1%; last 65.2%) and November Unemployment Rate held at 5.4%, as expected
India's November WPI Inflation +3.9% year-over-year (expected 3.8%; last 3.6%). WPI Fuel +8.8% year-over-year (last 10.5%) and WPI Food +6.1% year-over-year (last 4.3%)
In news:
The People's Bank of China followed yesterday's FOMC hike by increasing short-term reverse repurchase rates and raising the one-year lending facility rate by 5 bps apiece.
Hong Kong's Monetary Authority raised its base rate 25 bps to 1.75%.
With the U.S. tax bill nearing final passage, China's National Bureau of Stats noted that Chinese companies face a heavy tax burden and there is room for the Chinese government to cut taxes.

Major European indices are trading in negative territory. Germany's DAX -0.6%, UK's FTSE -0.2%, France's CAC -0.1%.
In economic data:
Eurozone December Manufacturing PMI 60.6 (expected 59.8; last 60.1) and Services PMI 56.5 (expected 56.1; last 56.2)
Germany's December Manufacturing PMI 63.3 (expected 62.2; last 62.5) and Services PMI 55.8 (consensus 54.7; last 54.3)
UK's November Retail Sales +1.1% month-over-month (expected 0.4%; last 0.5%); +1.6% year-over-year (consensus 0.3%: last -0.3%). November core Retail Sales +1.2% month-over-month (expected 0.5%; last 0.4%); +1.5% year-over-year (consensus 0.4%; last -0.3%)
France's November CPI +0.1% month-over-month, as expected (last 0.1%). December Manufacturing PMI 59.3 (expected 57.2; last 57.7) and Services PMI 59.4 (expected 59.9; last 60.4)
Italy's November CPI -0.2% month-over-month, as expected (last -0.2%); +0.9% year-over-year, as expected (last 0.9%)
Spain's November CPI +0.5% month-over-month (expected 0.4%; last 0.9%); +1.7% year-over-year (consensus 1.6%; last 1.6%)
Swiss November PPI +0.6% month-over-month (expected 0.3%; last 0.5%); +1.8% year-over-year (last 1.2%)
In news:
The European Central Bank left its key policy rate unchanged and confirmed that it will continue to make net asset purchases at a monthly pace of EUR30 billion, as expected.
The Bank of England voted 9-0 to maintain its official bank rate at 0.50% and keep the asset purchase program at GBP435 billion, as expected.
The Swiss National Bank left its deposit rate at -0.75%, as expected, reiterating readiness to intervene in the foreign exchange market if necessary.
In Norway, Norges Bank now expects to raise rates in late 2018 after a previous forecast pointed to a hike in 2019.


05:51AM ET

[BRIEFING.COM] S&P futures vs fair value: +5.80. Nasdaq futures vs fair value: +10.80.
05:51AM ET

[BRIEFING.COM] Nikkei

...22694.45...-63.60

...-0.30%

. Hang Seng

...29166...-55.70

...-0.20%

.
05:51AM ET

[BRIEFING.COM] FTSE

...7478.35...-18.20

...-0.20%

. DAX

...13050.14...-75.50

...-0.60%

.
04:30PM ET

[BRIEFING.COM] U.S. equities finished mostly higher on Wednesday, but financial shares struggled following the Fed's latest policy directive.

The Dow Jones Industrial Average settled at a new record high for the fourth session in a row, adding 0.3%. The Nasdaq Composite also finished higher, adding 0.2%, but the S&P 500 settled with a slim loss of 0.1%. The benchmark index held a modest gain for much of the day, but fell sharply in the final minutes of trading.

Small caps showed relative strength, pushing the Russell 2000 higher by 0.6%.

As expected, the Federal Open Market Committee raised the fed funds target range by 25 basis points to 1.25%-1.50% on Wednesday, marking the third rate hike of 2017. Chicago Fed President Evans and Minneapolis Fed President Kashkari--the FOMC's two most dovish members--dissented, saying they preferred to keep the target range unchanged.

The Fed's so-called "dot plot" revealed that the median FOMC member still anticipates three rate hikes in 2018 and two in 2019. Both figures were unchanged from the projections released in September, even though the central bank acknowledged that overall inflation and core inflation have declined this year and are running below 2.0%.

U.S. Treasuries rallied in a curve-flattening trade, underpinned by both the Fed's policy statement and a smaller-than-expected increase in the core Consumer Price Index for November (+0.1% actual vs +0.2% Briefing.com consensus). The yield on the benchmark 10-yr Treasury note tumbled five basis points to 2.35%, while the 2-yr yield slipped two basis points to 1.79%.

The flattening of the yield curve weighed heavily on the financial sector, which is second only to technology in terms of weight, representing nearly 15.0% of the broader market. The financial space dropped 1.3%, mitigating gains registered in most other areas.

In total, seven of eleven sectors finished in the green, but gains were limited; no group advanced more than 0.5%.

On the political front, House and Senate Republicans reached an agreement of the final version of a tax reform bill on Wednesday, putting President Trump's first major legislative victory within reach. The full details of the bill will be released later in the week and votes are scheduled to take place in both chambers sometime next week.

Reports indicate that the bill would cut the corporate tax rate to 21%--which is slightly higher than the 20% rate that the GOP was originally shooting for, but still significantly below the current rate of 35%. The new corporate tax rate would take effect in 2018, which is faster than the 2019 start date in the Senate's version of the bill.

It's also worth pointing out that Democrat Doug Jones defeated Republican Roy Moore in a special election for Alabama's open U.S. Senate seat. Mr. Jones' victory will reduce the GOP's majority in the Senate from 52-48 to 51-49, but it is not expected to impact tax reform as Mr. Jones will not take the oath of office for a few weeks.

In corporate news, Caterpillar (CAT 148.57, +5.15) jumped 3.6%, settling at a new record high, after reporting a year-over-year increase of 26% in November machine sales. Target (TGT 62.67, +1.65) also advanced, adding 2.7%, after announcing that it will acquire Shipt, an internet-based grocery delivery service, for $550 million in cash.

Conversely, 21st Century Fox (FOXA 32.75, -1.35) lost 4.0% following reports that a deal with Walt Disney (DIS 107.61, +0.18) could be announced as soon as Thursday. As a reminder, Disney is reported to be interested in acquiring around $60 billion of assets from 21st Century Fox.

Elsewhere, equities had a weak showing in Europe, with the Euro Stoxx 50 moving lower by 0.5%, while the major stock indices in the Asia-Pacific region finished Wednesday mixed. Japan's Nikkei lost 0.5%, while Hong Kong's Hang Seng and China's Shanghai Composite jumped 1.5% and 0.7%, respectively.

Reviewing Wednesday's economic data, which included the November Consumer Price Index and the weekly MBA Mortgage Applications Index:

Total CPI increased 0.4% (Briefing.com consensus +0.4%) in November while core CPI, which excludes food and energy, rose 0.1% (Briefing.com consensus +0.2%). On a year-over-year basis, total CPI and core CPI are up 2.2% and 1.7%, respectively.
The key takeaway from the report is that it didn't signal any alarming consumer inflation pressures, which will leave market participants predisposed to think that the Federal Reserve is apt to continue following a gradual tightening path.
The weekly MBA Mortgage Applications Index decreased 2.3% to follow last week's 4.7% increase.

On Thursday, investors will receive November Retail Sales (Briefing.com consensus +0.3%), weekly Initial Claims (Briefing.com consensus 239K), and November Export/Import Prices at 8:30 ET, followed by October Business Inventories (Briefing.com consensus -0.1%) at 10:00 ET.

Nasdaq Composite +27.7% YTD
Dow Jones Industrial Average +24.4% YTD
S&P 500 +18.9% YTD
Russell 2000 +12.3% YTD

Dow: +80.63… | Nasdaq: +13.48… | S&P: -1.26…

NASDAQ Adv/Dec 1453/945. …NYSE Adv/Dec 1658/1285.

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 and data will be useful for you. gm

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

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 & your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm


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)
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