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 Post subject: January 3rd Wednesday Price Action Trade Results - $575.00
PostPosted: Thu Jan 04, 2018 6:56 am 
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Joined: Sat Jan 10, 2009 1:06 pm
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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 & http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850
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
Users Reviews & Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
Review of TheStrategyLab: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
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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 @ $575.00 dollars or +11.50 points, Light Crude Oil CL ($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 @ $575.00 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=176&t=2734

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...review of TheStrategyLab is that 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.

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 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=343&t=3632 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: +98.67… | Nasdaq: +58.63… | S&P: +17.25…
NASDAQ Vol: ---… Adv: 1433… Dec: 1208…
NYSE Vol: 808.0 mln… Adv: 1755… Dec: 1198…

Moving the Market

Investors take FOMC minutes in stride; stocks return to session highs following release

Energy shares rally, moving in tandem with the price of crude oil--which sits at its best level since 2015

Top-weighted technology sector outperforms

Sector Watch
Strong: Technology, Energy, Health Care
Weak: Consumer Staples, Utilities, Telecom Services, Real Estate

04:30PM ET

[BRIEFING.COM] Wall Street advanced to new record highs for the second day in a row on Wednesday, solidifying a solid start to the new year.

The Nasdaq climbed 0.8% to 7065.53, the S&P 500 jumped 0.6% to 2713.06, the Dow Jones Industrial Average advanced 0.4% to 24922.68, and the Russell 2000 hopped 0.2% to 1552.55. All four indices finished at new all-time highs, with the tech-heavy Nasdaq extending its 2018 gain to 2.4%. The S&P 500 is up 1.5% after the first two sessions of the new year.

Equities opened Wednesday's session just a tick above Tuesday's closing levels, but buyers soon took control, pushing the major stock indices higher through the late morning. The bulls hit pause ahead of the afternoon release of the minutes from the December FOMC meeting, which showed that most members backed a continued path of gradual rate hikes.

Some FOMC members even saw the possibility for more aggressive monetary policy depending on economic growth resulting from the GOP's tax overhaul--which President Trump signed into law two weeks ago. Many Fed officials believe that the tax cuts will boost consumer and capital spending, but there's uncertainty surrounding the magnitude of the growth.

The equity market resumed its upward trend following the minutes, finishing the day at its session high, while the Treasury market gave back some of its opening gains. The yield on the benchmark 10-yr Treasury note finished lower by two basis points at 2.45%, while the 2-yr yield climbed one basis point to 1.93%. Yields move inversely to prices.

Energy shares led the rally on Wall Street as West Texas Intermediate crude futures climbed 2.1% to $61.63 per barrel--which marks their best close since December 2014. Anti-government protests in oil-rich Iran helped fuel the commodity's advance, even though the demonstrations aren't expected to affect production. The S&P 500's energy sector added 1.5%.

The heavily-weighted technology and health care sectors were the next-best performing groups, adding 1.1% and 1.0%, respectively, while the other advancing sectors added between 0.1% and 0.7%. Within the tech space, chipmakers had another solid day overall, extending the PHLX Semiconductor Index's week-to-date gain to 4.5%, but Intel (INTC 45.26, -1.59) did not.

INTC shares lost 3.4% in reaction to reports that a design flaw in Intel's processor chips has forced a significant redesign of kernels for the Windows and Linux operating systems. Intel issued a statement refuting the claims in the late afternoon, which helped INTC shares pare some of their losses before the closing bell.

Only three of eleven sectors finished the midweek session in the red--consumer staples (-0.1%), utilities (-0.8%), and telecom services (-2.2%)--but their impact was modest as they comprise just a little more than 10.0% of the broader market combined.

Elsewhere, the Euro Stoxx 50 (+0.6%) ended a six-session losing streak and the major indices in the Asia-Pacific region also finished in the green. China's Shanghai Composite (+0.6%) paced the advance in Asia while Japan's Nikkei remained closed for a holiday.

Reviewing Wednesday's economic data, which included the ISM Manufacturing Index for December, Construction Spending for November, and the weekly MBA Mortgage Applications Index:

The ISM Index for December rose to 59.7 from an unrevised reading of 58.2 in November, while the Briefing.com consensus expected a reading of 58.0.
The key takeaway from the report is that growth in December was fueled by increases in eight out of ten index categories with New Order growth (+5.4 to 69.4) leading the way. The December increase leaves the index not far from its 2017 high of 60.8 that was recorded in the September reading.
The Construction Spending report for November increased 0.8%, while the Briefing.com consensus expected an increase of 0.7%. The prior month's increase was lowered to 0.9% from 1.4%.
The key takeaway from the report--and the downward revision to the October figure--is that construction spending is not sending signals pointing to notable acceleration in overall GDP growth.
The weekly MBA Mortgage Applications Index decreased 2.8% to follow last week's 4.9% decline.

On Thursday, investors will receive two economic reports--ADP Employment Change for December (Briefing.com consensus +190K) and weekly Initial Claims (Briefing.com consensus 239K). The two reports will be released at 8:15 AM ET and 8:30 AM ET, respectively.

Nasdaq Composite: +2.4% YTD
S&P 500: +1.5% YTD
Russell 2000: +1.1% YTD
Dow Jones Industrial Average: +0.8% YTD

Dow: +98.67… | Nasdaq: +58.63… | S&P: +17.25…

NASDAQ Adv/Dec 1433/1208. …NYSE Adv/Dec 1755/1198.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.2% at 88.6085
Dollar index is currently up 0.3% at 91.83
Feb WTI Crude is up 2.09% on the day.
Futures settle $1.26 higher to $61.63/barrel.
In other energy, Feb Natural Gas settled down $0.05 at $3.01/MMBtu
On the metals:
Feb Gold gained $2.3 to settle at $1318.4/oz, while Mar silver gained $0.06 to $17.27/oz
Mar Copper dropped $0.02 to $3.26/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.53/bu.
Jan soy settled flat at $9.69/bu.
Mar Wheat settled down $0.01 at $4.35/bu.

Dow: +83.91… | Nasdaq: +60.61… | S&P: +16.69…

NASDAQ Adv/Dec 1834/1136. …NYSE Adv/Dec 1759/1174.

03:00PM ET

[BRIEFING.COM] The Nasdaq (+0.8%), the S&P 500 (+0.5%), and the Dow (+0.2%) are all on track to settle in record territory moving into the final hour of trading.

Looking ahead, investors will receive a couple of economic reports tomorrow, including the ADP Employment Change for December (Briefing.com consensus +190K) at 8:15 AM ET and the weekly Initial Claims (Briefing.com consensus 239K) at 8:30 AM ET. The ADP reading is seen as a prelude to Friday's more influential Employment Situation Report, which the Briefing.com consensus expects will show the addition of 188,000 nonfarm payrolls.

As for earnings, Rite Aid (RAD 2.07, -0.06) will release its quarterly results after today's closing bell, while Walgreens Boot Alliance (WBA 75.45, +0.50) and Monsanto (MON 117.62, +0.10) are scheduled to report on Wednesday morning.

Dow: +62.12… | Nasdaq: +53.17… | S&P: +14.44…

NASDAQ Adv/Dec 1607/1222. …NYSE Adv/Dec 1700/1224.

02:30PM ET

[BRIEFING.COM] Stocks have had a muted reaction to the FOMC minutes from the December meeting, which were released at 2:00 PM ET.

The minutes revealed that most FOMC members backed a continued path of gradual rate hikes, which wasn't surprising given the most recent rate-hike forecasts. In addition, many participants expected that the GOP's tax reform plan, which was signed into law two weeks ago, will provide some boost to consumer spending and a modest boost to capital spending. A couple of members expressed concern that the persistence of highly accommodative financial conditions could pose risks to financial stability.

U.S. Treasuries have slipped since the release, with shorter-dated issues showing relative weakness. The yield on the 2-yr Treasury note is hovering at 1.93% after trading around 1.91% ahead of the release, while the benchmark 10-yr yield is at 2.45% after trading around 2.44%.

Dow: +53.85… | Nasdaq: +55.30… | S&P: +14.18…

NASDAQ Adv/Dec 1630/1222. …NYSE Adv/Dec 1648/1265.

02:00PM ET

[BRIEFING.COM] Equity indices have backed off their session highs in recent action but are still trading comfortably in the green. The S&P 500 is higher by 0.5%.

The energy sector (+1.5%) is pulling away from its peers this afternoon, trading at the top of the sector standings by a wide margin. The technology (+0.9%) and health care (+0.8%) sectors are the next-best performing groups, followed by the lightly-weighted materials sector (+0.5%) in fourth place.

Meanwhile, the telecom services sector (-2.1%) trades at the back of the pack with Verizon (VZ 52.32, -1.21) pacing the retreat; VZ shares are lower by 2.3%. The sector struggled mightily last year as wireless names battled for market share--a battle that prompted new unlimited data packages from Verizon and AT&T (T 37.78, -0.76).

As a reminder, the minutes from the December FOMC meeting will be released shortly at 2:00 PM ET.

Dow: +40.69… | Nasdaq: +47.82… | S&P: +12.79…

NASDAQ Adv/Dec 1578/1271. …NYSE Adv/Dec 1662/1241.

01:30PM ET

[BRIEFING.COM] Equities continue to enjoy a strong start to 2018. The Nasdaq is in the lead as it rallies +0.8% and is now up +2.3% in the first two trading days. The S&P has followed suit with a +0.6% run today and is now up +1.4% for the year. The Dow has also enjoyed a steady start, moving +0.3% higher today and +0.8% in the first two days of trade.

Market participants eagerly await the release of the FOMC minutes (2pm ET) from the December meeting. Recall the Fed raised rates 25 bps as widely expected but there were two dissents against the hike. The primary debate for dovish members of the board remains a lack of inflation which will be a key topic in the notes.

International Business Machines (IBM) is leading the Dow as shares have rallied 3% on the day. General Electric (GE) is second as it follows up yesterday's strong performance with a 1.4% gain. IBM has been boosted by an RBC Capital upgrade (to Outperform from Sector Perform) but there is certainly a Dogs of the Dow component here as the two companies were the worst performers in 2017.

Intel (INTC) has been a notable laggard as it is down 5.3% on the day. The move comes in reaction to news that a design flaw in the company's processor chips is forcing a redesign of Linux and Microsoft kernels that will need to be introduced to customers and hurt the processor performance. Shares of INTC continue to trade near session lows as the stock tries to find support. CEO Brian Krzanich will be delivering the Keynote address at next week's CES Show which will provide the company a wide forum to address the issues.

Dow: +71.10… | Nasdaq: +54.44… | S&P: +15.13…

NASDAQ Adv/Dec 1676/1250. …NYSE Adv/Dec 1718/1238.


01:05PM ET

[BRIEFING.COM] Stocks have climbed to new all-time highs today with energy shares setting the pace.

The S&P 500 is up 0.5%, crossing the 2700 mark for the first time ever, while the Nasdaq (+0.7%) shows relative strength and the Dow Jones Industrial Average (+0.2%) and the Russell 2000 (-0.1%) exhibit relative weakness. Investors were timid at the start of today's session, unsure what to make of yesterday's unexpected burst to new records, but buyers soon took control. Equities have been hovering near their session highs for the last few hours.

The release of the minutes from the December FOMC meeting may prompt some volatility this afternoon, but it also wouldn't be surprising to see investors take the report in stride. What is certain is investors will examine the minutes closely for further insight as to the pace of rate hikes in 2018. The minutes will cross the wires at 2:00 PM ET.

Current standings show the energy sector (+1.4%) in the lead with the heavily-weighted technology (+1.1%) and health care (+0.9%) sectors on its heels. Energy shares have been helped by an increase in the price of crude oil, which continues to benefit from anti-government protests in oil-rich Iran--although the unrest has yet to halt production. West Texas Intermediate crude futures are up 1.8% at $61.45 per barrel, cracking $61.00 for the first time since June 2015.

As for the technology sector, chipmakers are having another solid performance, extending the PHLX Semiconductor Index's week-to-date gain to 4.1%. Advanced Micro (AMD 11.91, +0.93) is up 8.5% following a The Register report that the company's chips are not susceptible to the same security flaw recently found in Intel (INTC 44.77, -2.08) chips; INTC shares are down 4.4%.

Only three sectors are trading in the red this afternoon--utilities (-0.9%), telecom services (-1.9%), and real estate (-0.1%)--but their impact has been minimal as the three groups comprise just around 8.0% of the broader market combined.

Elsewhere, the Euro Stoxx 50 (+0.6%) ended a six-session losing streak and the major indices in the Asia-Pacific region also finished in the green. China's Shanghai Composite (+0.6%) paced the advance in Asia while Japan's Nikkei remained closed for a holiday.

In the bond market, U.S. Treasuries have recouped some of yesterday's declines, but still remain lower for the week. The yield on the benchmark 10-yr Treasury note trades at 2.44% after settling at 2.47% on Tuesday. Yields move inversely to prices.

Reviewing Wednesday's economic data, which included the ISM Manufacturing Index for December, Construction Spending for November, and the weekly MBA Mortgage Applications Index:

The ISM Index for December rose to 59.7 from an unrevised reading of 58.2 in November, while the Briefing.com consensus expected a reading of 58.0.
The key takeaway from the report is that growth in December was fueled by increases in eight out of ten index categories with New Order growth (+5.4 to 69.4) leading the way. The December increase leaves the index not far from its 2017 high of 60.8 that was recorded in the September reading.
The Construction Spending report for November increased 0.8%, while the Briefing.com consensus expected an increase of 0.7%. The prior month's increase was lowered to 0.9% from 1.4%.
The key takeaway from the report--and the downward revision to the October figure--is that construction spending is not sending signals pointing to notable acceleration in overall GDP growth.
The weekly MBA Mortgage Applications Index decreased 2.8% to follow last week's 4.9% decline.

Dow: +71.15… | Nasdaq: +53.76… | S&P: +15.25…

NASDAQ Adv/Dec 1576/1281. …NYSE Adv/Dec 1646/1247.

12:30PM ET

[BRIEFING.COM] The Nasdaq is still leading today's rally with a gain of 0.6%, while the small-cap Russell 2000 (-0.1%) has dipped into the red.

West Texas Intermediate crude futures are up 1.8% at $61.48 per barrel, cracking the $61.00 mark for the first time since June 2015. Anti-government protests in oil-rich Iran have helped bolster the commodity even though the unrest hasn't affected production. The S&P 500's energy sector has moved in tandem with crude prices today, adding 1.2%, and currently trades at the top of the sector standings.

The American Petroleum Institute will release its weekly crude inventory report at 4:30 PM ET, while the official government figures will cross the wires on Thursday morning.

Dow: +49.82… | Nasdaq: +44.37… | S&P: +12.14…

NASDAQ Adv/Dec 1496/1369. …NYSE Adv/Dec 1507/1376.

12:00PM ET

[BRIEFING.COM] Equities continue hovering near their recent levels, protecting gains registered earlier in the session.

The Nasdaq (+0.7%) is the top-performing index, followed by the S&P 500 (+0.4%), and then the Dow (+0.2%). The small-cap Russell 2000 is up 0.2%.

In the bond market, U.S. Treasuries are still trading in the green with yields hovering near their worst marks of the day; the benchmark 10-yr yield is down three basis points at 2.44%.

Dow: +36.66… | Nasdaq: +42.57… | S&P: +11.04…

NASDAQ Adv/Dec 1508/1335. …NYSE Adv/Dec 1517/1357.

11:25AM ET

[BRIEFING.COM] The major stock indices have decided to take a breather after ascending for the first hour of action. The S&P 500 is up 0.4%.

Automakers are trading above the broader market this morning after releasing their U.S. sales figures for the month of December. In general, the results were below the figures reported for December 2016, although Ford Motor (F 12.72, +0.06) did report a year-over-year increase of 0.9%. General Motors (GM 42.65, +0.85) and Fiat Chrysler (FCAU 18.69, +0.26) reported decreases of 3.3% and 11.0%, respectively, while Japanese giants Honda Motor (HMC 34.72, +0.24) and Toyota Motor (TM 129.79, +1.42) reported respective declines of 3.4% and 8.3%.

Shares of the five aforementioned names hold gains between 0.6% and 2.1%, with GM showing relative strength.

Dow: +54.77… | Nasdaq: +47.44… | S&P: +11.53…

NASDAQ Adv/Dec 1632/1220. …NYSE Adv/Dec 1579/1277.

11:00AM ET

[BRIEFING.COM] The S&P 500, the Dow, and the Nasdaq hold gains between 0.3% and 0.7% this morning after opening the session just a tick above yesterday's closing levels. All three major indices are currently hovering at fresh record highs, with the S&P 500 crossing the 2700 mark for the first time.

Eight sectors are trading in the green--technology (+0.9%), energy (+0.9%), health care (+0.5%), materials (+0.5%), consumer discretionary (+0.4%), financials (+0.4%), industrials (+0.1%), and real estate (+0.1%)--while three are trading in the red--consumer staples (-0.1%), utilities (-0.1%), and telecom services (-1.3%).

Within the technology sector, which is the heaviest sector by weight, IBM (IBM 159.55, +5.31) is among the top performers, adding 3.5%, after RBC Capital Markets upgraded IBM shares to 'Outperform' from 'Sector Perform.' Chipmakers also show relative strength, with NVIDIA (NVDA 208.90, +9.55) and Advanced Micro (AMD 11.64, +0.66) adding 4.8% and 5.9%, respectively.

The technology group finished 2017 at the top of the sector standings and has been one of the top-performing groups through the first two trading sessions of 2018.

Dow: +42.33… | Nasdaq: +42.68… | S&P: +10.11…

NASDAQ Adv/Dec 1650/1194. …NYSE Adv/Dec 1583/1256.

10:30AM ET

[BRIEFING.COM] Commodities begin the day flat:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently unchanged at 88.3836
Dollar index is currently up 0.4% at 92.24
Jan WTI crude is up 1.51% on the day.
REMINDER API data will be released after the bell today
Futures are $0.91 higher to $61.28/barrel.
In other energy, Jan natural gas is down $0.08 at $2.98/MMBtu
Metals:
Feb gold gained $0.70 and trades at $1316.80/oz, while Mar silver lost $0.02 to $17.19/oz
Mar copper dropped 0.04 to $3.24/lb
Finally, agriculture:
Mar corn is unchanged at $3.53/bu.
Jan soy is up $0.01 at $9.6625/bu.
Mar wheat is up $0.01 at $4.35/bu.

Dow: +77.23… | Nasdaq: +47.27… | S&P: +12.41…

NASDAQ Adv/Dec 1781/1066. …NYSE Adv/Dec 1701/1127.

10:05AM ET

[BRIEFING.COM] The S&P 500 has ticked up in recent action, increasing its gain to 0.3% from 0.1%.

Just in, the ISM Index for December rose to 59.7 from an unrevised reading of 58.2 in November, while the Briefing.com consensus expected a reading of 58.0.

Separately, the Construction Spending report for November increased 0.8%, while the Briefing.com consensus expected an increase of 0.7%. The prior month's increase was lowered to 0.9% from 1.4%.

Dow: +53.13… | Nasdaq: +38.31… | S&P: +8.77…

NASDAQ Adv/Dec 1683/1067. …NYSE Adv/Dec 1754/971.

09:40AM ET

[BRIEFING.COM] The major U.S. stock indices are trading modestly higher in the opening minutes of today's session, sporting gains between 0.1% and 0.3%.

Generally speaking, cyclical sectors like technology (+0.5%) and consumer discretionary (+0.3%) are higher this morning, while countercyclical groups like health care (-0.2%) and telecom services (-0.9%) are lower. Movement has been modest overall with nine of eleven groups trading within 0.3% of their flat lines.

As a reminder, the ISM Manufacturing Index for December (Briefing.com consensus 58.0) and the November Construction Spending Report (Briefing.com consensus +0.7%) will be released shortly at 10:00 AM ET.

Dow: +30.41… | Nasdaq: +19.55… | S&P: +4.47…

NASDAQ Adv/Dec 1597/1083. …NYSE Adv/Dec 1683/957.

09:13AM ET

[BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +0.30.

The U.S. equity market is on track for a flat open this morning as the S&P 500 futures trade just one point above fair value.

Investors will receive two notable economic reports today--the ISM Manufacturing Index for December (Briefing.com consensus 58.0) and the November Construction Spending Report (Briefing.com consensus +0.7%)--both of which will be released at 10:00 AM ET. In addition, December auto and truck sales will be released throughout the day, and the minutes from the December FOMC meeting will cross the wires at 2:00 PM ET.

On the corporate front, Intel (INTC 45.20, -1.65) is down 3.5% in pre-market trading following an article from The Register that claims a design flaw in Intel's processor chips has forced a significant redesign of kernels for the Windows and Linux operating systems. The article goes on to say that Advanced Micro (AMD 11.83, +0.85) chips do not have the same type of flaw, which has helped bolster the company's shares this morning; AMD shares are up 7.7% in pre-market action.

In the bond market, U.S. Treasuries have bounced back from yesterday's sell off, pushing yields mostly lower across the curve; the benchmark 10-yr yield is down three basis points at 2.44%. However, the 2-yr yield has held up relatively well and is currently unchanged at 1.92%.

Elsewhere, the Euro Stoxx 50 (+0.3%) is on track to break a six-session losing streak, and equity indices in the Asia-Pacific region finished Wednesday mostly higher, with China's Shanghai Composite (+0.6%) pacing the advance. Japan's Nikkei remained closed for a holiday.

08:56AM ET

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

The S&P 500 futures trade in line with fair value.

Equity indices in the Asia-Pacific region ended Wednesday on a mostly higher note while Japan's Nikkei remained closed. Reports from the Korean Peninsula indicate that North Korea's Supreme Leader Kim Jong-un has ordered the re-opening of the border hotline between the two Koreas. A report in Chinese press quoted a PBoC researcher who suggested the yuan should be allowed to decline in 2018.

In economic data:
Hong Kong's November Retail Sales +7.5% year-over-year (last 3.9%)
New Zealand's GDT Price Index +2.2% (last -3.9%)

---Equity Markets---

Japan's Nikkei was closed.
Hong Kong's Hang Seng added 0.2%. Geely Automobile climbed 3.7% while property names and financials like Wharf Holdings, China Overseas, Bank of China, Hang Lung Properties, AIA Group, Link Reit, and ICBC gained between 0.5% and 2.3%.
China's Shanghai Composite gained 0.6%. Shanghai Jinjiang International Hotels Development, Shandong JinTai Group, Beijing Airport High-Tech Park, BTG Hotels, and Beijing Capital rallied between 6.1% and 10.0%.
India's Sensex shed 0.1%. Adani Ports jumped 2.8% while Larsen & Toubro, Coal India, Power Grid, Tata Steel, and Reliance Industries climbed between 0.5% and 2.2%. Financials were mixed as ICICI Bank and AXIS Bank gained 1.9% and 0.1%, respectively, while HDFC Bank lost 1.1%. SBI ended little changed.

Major European indices trade in the green while Italy's MIB (-0.3%) underperforms once again. European debt, meanwhile, has rebounded from yesterday's selling with Italy's BTPs leading today's recovery after pacing yesterday's retreat. On a separate note, Germany ended 2017 with 44.3 million workers, which was the highest number since German reunification in 1990. Elsewhere, the United Kingdom is reportedly considering entering the Trans-Pacific Partnership once Brexit is completed.

In economic data:
Germany's December Unemployment Change -29,000 (expected -12,000; last -20,000) and December Unemployment Rate 5.5% (expected 5.6%; last 5.5%)
UK's December Construction PMI 52.2 (expected 52.8; last 53.1)
Swiss December SVME PMI 65.2 (expected 64.6; last 65.1)
Spain's Unemployment Change -61,500 (expected -58,700; last 7,300)

---Equity Markets---

Germany's DAX is higher by 0.5% with heavyweight components in the lead. Volkswagen, Thyssenkrupp, Lufthansa, Continental, Siemens, BMW, Daimler, and Merck show gains between 0.6% and 3.0%. On the downside, Deutsche Bank and Commerzbank are both down near 0.4%.
France's CAC trades up 0.4%. Growth-sensitive LafargeHolcim and ArcelorMittal hold respective gains of 3.0% and 2.1% while financials are mixed. BNP Paribas has climbed 0.8% while AXA and Credit Agricole trade near their flat lines. Societe Generale is up 0.4%.
UK's FTSE trades flat. Next leads, spiking 6.7%, in response to upbeat holiday sales. Other consumer names like Associated British Foods, Marks & Spencer, Sainsbury, and Burberry show gains between 0.8% and 2.0%.
Italy's MIB is down 0.3%. Unipol Gruppo, Italgas, Banca Generali, Banco Bpm, Intesa Sanpaolo, Bper Banca, UBI Banca, Mediobanca, and UniCredit show losses between 0.4% and 2.3%.


08:27AM ET

[BRIEFING.COM] S&P futures vs fair value: flat. Nasdaq futures vs fair value: -0.50.

The S&P 500 futures trade in line with fair value.

Shares of Intel (INTC 45.80, -1.05) are down 2.2% in pre-market trading following an article from The Register that claims a design flaw in Intel's processor chips has forced a significant redesign of kernels for the Windows and Linux operating systems. The article goes on to say that Advanced Micro (AMD 11.73, +0.75) chips do not have the same type of flaw, which has helped bolster the company's shares this morning; AMD shares are up 6.8% in pre-market action.

Chipmakers had a solid showing on Tuesday, sending the PHLX Semiconductor Index higher by 2.8%.

08:01AM ET

[BRIEFING.COM] S&P futures vs fair value: +0.80. Nasdaq futures vs fair value: +1.00.

The new year began with a bang on Tuesday as buyers pushed the Nasdaq, the S&P 500, and the Russell 2000 to new all-time highs. Investors are more reserved this morning, however, evidenced by the S&P 500 futures, which are drifting just one point above fair value.

Traders don't have much to chew on in terms of headlines this morning, but they will receive several notable items following the opening bell. The ISM Manufacturing Index for December (Briefing.com consensus 58.0) and the November Construction Spending Report (Briefing.com consensus +0.7%) will both be released at 10:00 AM ET, while the minutes from the December FOMC meeting will cross the wires at 2:00 PM ET.

The Fed raised the fed funds target range by 25 basis points to 1.25%-1.50% at the December FOMC meeting, as expected, and left its forecast for rate hikes unchanged, predicting three rate increases in 2018 and two in 2019. The market is hopeful that the minutes will provide further insight as to the timing of said rate hikes, especially considering that inflation still remains a ways below the Fed's year-over-year target of 2.0%.

In addition to the aforementioned reports, auto and truck sales for December will be released throughout the day.

Meanwhile, U.S. Treasuries have recouped some of yesterday's losses this morning, sending yields below their closing levels; the benchmark 10-yr yield is hovering at 2.45% after finishing Tuesday's session at 2.47%. The 2-yr yield has held up slightly better, slipping just one basis point to 1.91%.

West Texas Intermediate crude futures are trading higher by 0.8% at $60.84 per barrel, which marks a 31-month high. The commodity has benefited from ongoing anti-government protests in Iran, although the unrest hasn't had any reported impact on oil production thus far.

Elsewhere, the Euro Stoxx 50 (+0.2%) is on track to break a six-session losing streak as the euro trades 0.3% lower against the U.S. dollar at 1.2022. Equity indices in the Asia-Pacific region finished Wednesday mostly higher, but Japan's Nikkei remained closed for a holiday.

In U.S. corporate news:

Dick's Sporting Goods (DKS 30.38, +0.89): +3.0% after Wells Fargo upgraded DKS shares to 'Outperform' from 'Market Perform.'

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Wednesday on a mostly higher note while Japan's Nikkei remained closed. Hong Kong's Hang Seng +0.2%, China's Shanghai Composite +0.6%, India's Sensex -0.1%.
In economic data:
Hong Kong's November Retail Sales +7.5% year-over-year (last 3.9%)
New Zealand's GDT Price Index +2.2% (last -3.9%)
In news:
Reports from the Korean Peninsula indicate that North Korea's Supreme Leader Kim Jong-un has ordered the re-opening of the border hotline between the two Koreas.
A report in Chinese press quoted a PBoC researcher who suggested the yuan should be allowed to decline in 2018.

Major European indices trade in the green while Italy's MIB (-0.3%) underperforms once again. Germany's DAX +0.4%, France's CAC +0.3%, UK's FTSE unch.
In economic data:
Germany's December Unemployment Change -29,000 (expected -12,000; last -20,000) and December Unemployment Rate 5.5% (expected 5.6%; last 5.5%)
UK's December Construction PMI 52.2 (expected 52.8; last 53.1)
Swiss December SVME PMI 65.2 (expected 64.6; last 65.1)
Spain's Unemployment Change -61,500 (expected -58,700; last 7,300)
In news:
European debt has rebounded from yesterday's selling with Italy's BTPs leading today's recovery after pacing yesterday's retreat.
Germany ended 2017 with 44.3 million workers, which was the highest number since German reunification in 1990.
The United Kingdom is reportedly considering entering the Trans-Pacific Partnership once Brexit is completed.


06:16AM ET

[BRIEFING.COM] S&P futures vs fair value: +2.50. Nasdaq futures vs fair value: +5.50.
06:16AM ET

[BRIEFING.COM] Nikkei

...Holiday......... Hang Seng

...30,560.95...+45.60

...+0.20%

.
06:16AM ET

[BRIEFING.COM] FTSE

...7,651.67...+3.60

...+0.10%

. DAX

...12,917.77...+46.50

...+0.40%

.
04:20PM ET

[BRIEFING.COM] U.S. equities began 2018 on a positive note, jolted by a sense of optimism for the new year.

The major stock indices mostly reclaimed the losses registered ahead of the extended New Year's weekend, with the tech-heavy Nasdaq (+1.5%) settling above the 7000 mark for the first time ever. The S&P 500 (+0.8%) also finished at a new record high, while the Dow Jones Industrial Average (+0.4%) underperformed.

Beneath the eye-catching headlines of new all-time highs, Tuesday's session was rather dull as trading volume remained relatively light following the holidays; just 815 million shares changed hands at the New York Stock Exchange. Equities registered most of their gains at the opening bell and, outside an uptick in the final minutes, trended sideways for the rest of the day.

Advancing stocks outnumbered declining stocks by 1.6 to 1, and, more importantly, the size of the gains easily outweighed the magnitude of the losses. The consumer discretionary, technology, health care, energy, and materials sectors--which comprise around 60% of the broader market combined--climbed more than 1.0% apiece.

Meanwhile, the consumer staples, utilities, and real estate groups--which make up just 14% of the broader market combined--lost between 0.6% and 0.9%. The heavily-weighted financial sector also finished in the red, but its loss was modest at 0.1%.

Chipmakers had a solid day, bouncing back from some profit taking at the end of 2017; the PHLX Semiconductor Index jumped 2.8%. Names like Advanced Micro (AMD 10.98, +0.70) and Micron Technology (MU 43.67, +2.55) were among the top performers, adding 6.8% and 6.2%, respectively.

Retailers also put together a positive performance, evidenced by the 1.8% increase in the SPDR S&P Retail ETF (XRT 46.01, +0.83). Target (TGT 67.63, +2.38) tacked on 3.7% amid speculation that Amazon (AMZN 1189.01, +19.54) could make a bid for the big-box retailer sometime this year.

Elsewhere, the Euro Stoxx 50 (-0.5%) posted its sixth consecutive loss despite an in-line reading for the December Eurozone Manufacturing PMI (60.6). Conversely, equity indices in the Asia-Pacific region finished Tuesday on a mostly higher note, with Hong Kong's Hang Seng (+2.0%) pacing the advance.

Outside the equity markets, U.S. Treasury yields climbed across the curve, with the benchmark 10-yr yield jumping six basis points to 2.47%, and West Texas Intermediate crude futures held steady at $60.36 per barrel as anti-government protests in Iran continued. The U.S. Dollar Index tumbled 0.5% to 91.55, hitting a three-month low.

Investors did not receive any economic data on Tuesday, but they will receive several economic reports on Wednesday, including the weekly MBA Mortgage Applications Index at 7:00 ET and both the ISM Manufacturing Index for December (Briefing.com consensus 58.0) and Construction Spending for November (Briefing.com consensus +0.7%) at 10:00 ET.

In addition, the minutes from the December FOMC meeting will cross the wires at 14:00 ET, and December auto and truck sales will be released throughout the day.

Nasdaq Composite: +1.5% YTD
Russell 2000: +0.9% YTD
S&P 500: +0.8% YTD
Dow Jones Industrial Average: +0.4% YTD

Dow: +104.79… | Nasdaq: +103.51… | S&P: +22.18…

NASDAQ Adv/Dec 1571/997. …NYSE Adv/Dec 1853/1125.

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 Rebuttal to 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

Image Advance WRB Analysis Tutorial Chapters 5 - 12 @ http://www.thestrategylab.com/WRBAnalysisTutorials.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/tsl/forum/viewtopic.php?f=127&t=850 & http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading (no indicators)
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Image@ http://twitter.com/wrbtrader Image@ http://stocktwits.com/wrbtrader

http://www.thestrategylab.com
Phone: +1 708 572-4885
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com


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