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 Post subject: January 9th Tuesday Price Action Trade Results - No Trades
PostPosted: Wed Jan 10, 2018 8:32 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3161
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)
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
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
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
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Twitter @ http://twitter.com/wrbtrader (24/7)

Quote:
No trades today for me due to some computer mouse problems. Spent most of the day relaxing and researching online about the best ergonomic vertical mouses...very useful for my wrist that I broke the 2nd quarter of 2016 while playing baseball with the family.

Price Action Trade Performance for Today: Emini RTY ($RTY_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $0.00 dollars or +0.00 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points and EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks. Total Profit @ $0.00 dollars

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=2738

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.

Attachment:
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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: +102.80… | Nasdaq: +6.19… | S&P: +3.58…
NASDAQ Vol: 2.14 bln… Adv: 1213… Dec: 1395…
NYSE Vol: 801.0 mln… Adv: 1219… Dec: 1708…

Moving the Market

New year rally continues for a sixth consecutive session

Health care and financials bounce back following Monday's declines

Yield curve steepens as longer-dated Treasuries sell off

Top-weighted technology sector underperforms

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

04:30PM ET

[BRIEFING.COM] The new year rally continued on Tuesday as stocks hit new records for the sixth consecutive session.

The Dow Jones Industrial Average set the pace, jumping 0.4% to 25385.80, while the S&P 500 and the Nasdaq Composite ticked up 0.1% to 2751.29 and 7163.58, respectively. All three major stock indices posted new record closes, but a late wave of selling left them a step below their best marks of the day. The small-cap Russell 2000 lost 0.1%.

Two of the S&P 500's heaviest sectors--health care and financials--led the charge on Tuesday, bouncing back from a disappointing showing on Monday. The health care sector jumped 1.1% amid broad strength with Dow component Johnson & Johnson (JNJ 144.14, +2.25) climbing 1.6% to a new record high and Boston Scientific (BSX 27.96, +2.15) adding 8.3% after raising its sales guidance for the fourth quarter. Biotech shares also outperformed, sending the iShares Nasdaq Biotechnology ETF (IBB 110.41, +2.04) higher by 1.9%.

Meanwhile, the financial sector rallied 0.7% amid a steepening of the yield curve, which translates to an increase in the spread between what lenders charge on loans and what they pay on deposits. The yield on the benchmark 10-yr Treasury note jumped to 2.55% after settling Monday at 2.48% while the 2-yr yield finished flat at 1.96%.

The rise in longer-dated Treasury yields followed the Bank of Japan's decision to reduce daily purchases of 10-25 year government bonds by 5.0%. Reports that the European Central Bank may terminate its purchase program later this year also helped push yields higher. Asian equities advanced on Tuesday with Japan's Nikkei (+0.6%) closing at a 26-year high while the Euro Stoxx 50 climbed 0.2%, securing its fifth consecutive victory.

Back on Wall Street, the industrial sector finished just a step below health care and financials at the top of the sector standings with a gain of 0.6%. Boeing (BA 318.43, +8.28) jumped 2.7% to a new record high, helping give the Dow an edge over the S&P 500 and the Nasdaq; Boeing is the priciest, and therefore the most influential, component in the price-weighted Dow.

The consumer discretionary sector (+0.1%) also finished in the green, but the seven remaining groups settled in the red. The top-weighted technology space lost 0.3% with semiconductor giant Intel (INTC 43.62, -1.12) losing 2.5%. INTC shares extended early losses after Microsoft (MSFT 88.22, -0.06) said fixes for Intel chip vulnerabilities--which were reported last week--could significantly slow certain servers and personal computers.

Retailers struggled in general, trimming gains from a two-month run, but Target (TGT 69.14, +1.96) had a positive outing after raising its earnings guidance for the fourth quarter. TGT shares added 2.9% while the SPDR S&P 500 Retail ETF (XRT 45.81, -0.49) declined 1.1%.

Outside the equity market, West Texas Intermediate crude futures advanced 1.9% to $62.92 per barrel, closing at a three-year high. The advance came in front of tomorrow morning's weekly crude inventory report from the Energy Information Administration, which has shown a draw in U.S. inventories for seven weeks in a row. The energy sector, which typically moves in tandem with energy prices, lost 0.3%, trimming its 2018 gain to 4.2%.

Elsewhere, representatives from North Korea and South Korea met for the first time in over two years. The two sides agreed to hold joint military talks and North Korea will send a delegation to the Winter Olympics in Pyeongchang, a promising sign for the international community, which has been at odds with North Korea over its nuclear program.

Reviewing Tuesday's economic data, which was limited to the Job Openings and Labor Turnover Survey for November and the NFIB Small Business Optimism Index for December:

The November Job Openings and Labor Turnover Survey showed that job openings decreased to 5.879 million from a revised 5.925 million (from 5.996 million) in October.
The NFIB Small Business Optimism Index for December slipped to 104.9 from 107.5 in November.

On Wednesday, investors will receive the weekly MBA Mortgage Applications Index at 7:00 ET, Import/Export Prices for December at 8:30 ET, and Wholesale Inventories for November (Briefing.com consensus +0.7%) at 10:00 ET.

Nasdaq Composite: +3.8% YTD
S&P 500: +2.9% YTD
Dow Jones Industrial Average: +2.7% YTD
Russell 2000: +1.6% YTD

Dow: +102.80… | Nasdaq: +6.19… | S&P: +3.58…

NASDAQ Adv/Dec 1213/1395. …NYSE Adv/Dec 1219/1708.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 2.64% at 87.69
Dollar index is currently up 0.17% at 92.52
Feb WTI Crude is up 1.93% on the day.
API data is due out after the bell
Futures settle $1.19 higher to $62.92/barrel.
In other energy, Feb Natural Gas settled up $0.08 at $2.92/MMBtu
On the metals:
Feb Gold lost $7.00 to settle at $1313.40/oz, while Mar silver lost $0.13 to $17.01/oz
Mar copper settled flat at $3.22/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.49/bu.
Jan Soy settled down $0.0075 at $9.6325/bu.
Mar wheat settled flat at $4.32/bu.

Dow: +141.49… | Nasdaq: +16.6… | S&P: +8.51…

NASDAQ Adv/Dec 1349/1404. …NYSE Adv/Dec 1311/1623.

02:55PM ET

[BRIEFING.COM] The Dow Jones Industrial Average (+0.5%), the S&P 500 (+0.3%), and the Nasdaq (+0.3%) are on track to finish in record territory.

Looking ahead, Lennar (LEN 67.04, -0.19) will report its fourth quarter results tomorrow morning, while homebuilding peer KB Home (KBH 34.35, +0.52) will report on Wednesday afternoon. The two companies have jumped 27% and 55%, respectively, since reporting better-than-expected earnings for the third quarter three months ago.

The iShares U.S. Home Construction ETF (ITB 45.54, +0.12) is trading above pre-financial crisis levels after jumping 59% in 2017.

Dow: +133.70… | Nasdaq: +17.99… | S&P: +8.72…

NASDAQ Adv/Dec 1383/1396. …NYSE Adv/Dec 1310/1600.

02:25PM ET

[BRIEFING.COM] The major averages have ticked below their best marks of the day, but still hold modest gains. The S&P 500 is up 0.3%.

West Texas Intermediate crude futures have climbed more than 2.0% today, hitting $63.14 per barrel--their best level in three years. Oil prices have risen steadily since mid-December, when they hovered around $57.00 per barrel. Today's oil advance hasn't fueled much buying in the energy sector though; the group has added just 0.1%.

Dow components Chevron (CVX 128.56, +0.03) and Exxon Mobil (XOM 87.01, -0.13) are trading near their unchanged marks.

The American Petroleum Institute will deliver its weekly crude inventory report at 4:30 PM ET, while the Energy Information Administration will release the official government figures tomorrow morning. The EIA has reported a decline in inventories for seven weeks in a row with last week's draw coming in at 7.4 million barrels.

Dow: +127.77… | Nasdaq: +18.09… | S&P: +8.68…

NASDAQ Adv/Dec 1449/1338. …NYSE Adv/Dec 1370/1527.

01:55PM ET

[BRIEFING.COM] The major stock indices are trading at their best marks of the day, showing gains between 0.3% and 0.6%.

Seven sectors trade in the green--financials (+1.2%), health care (+1.1%), industrials (+0.8%), materials (+0.4%), consumer discretionary (+0.3%), energy (+0.1%), and consumer staples (+0.1%)--while four trade in the red--technology (unch), utilities (-0.8%), real estate (-0.8%), and telecom services (-1.0%).

In the currency market, the U.S. dollar is up 0.4% against the euro (1.1925) and 0.3% against the British pound (1.3527), but has lost 0.5% against the Japanese yen (112.57). The U.S. Dollar Index, which measures the greenback against a basket of other currencies, is up 0.2% at 92.29--its best level in a week.

Dow: +147.33… | Nasdaq: +18.49… | S&P: +10.31…

NASDAQ Adv/Dec 1451/1337. …NYSE Adv/Dec 1394/1508.

01:30PM ET

[BRIEFING.COM] Equities have been able to maintain the hot start to 2018. Today, the Dow is pacing the field as it is up +0.5% on the session and is now up +2.8% year to date. The S&P is close behind as it has posted a gain of +0.3% on the day and is now up +3.1% for the year. The Nasdaq is lagging but remains in a firm upward trend as it is +0.3% on the day and just shy of +4.0% for 2018. Perhaps the bigger story though is taking place in the bonds as treasuries are coming under selling pressure in response to reports that the Bank of Japan and European Central Banks are slowing asset purchases. This has led to the 10-year yield to cross 2.50% and puts in focus a key test of the key 2.60% resistance level. In a strong fundamental environment the run in bond yields could prove to be the biggest threat to equities.

Boeing (BA) has been the top performer in the Dow today as it rallies +2.7%. BA has been enjoying strong underlying relative strength since breaking above the $310 area last week. This morning it also posted a solid round of deliveries for Q4 which has pulled investors into the name. Johnson & Johnson (JNJ) is up +2.0% following yesterday's presentation at the J.P. Morgan Healthcare conference. JNJ is also benefiting from overall buying in the biotech space today as well as some speculation that the company is in talks with Amazon (AMZN) about possible distribution.

On the flip, Intel (INTC) continues to be impacted by the fallout from its processor issues. CEO Brian Krzanich spoke last night at the Consumer Electronic Show and the company posted an update on the current situation mid day. But it has not been enough to stem the outflow from the name. Shares are holding the $43-44 gap up support level which will be a key area for markets to watch in the coming sessions.

Dow: +140.81… | Nasdaq: +22.24… | S&P: +10.45…

NASDAQ Adv/Dec 1489/1405. …NYSE Adv/Dec 1406/1561.


01:00PM ET

[BRIEFING.COM] Wall Street is higher once again today as the S&P 500 and the Nasdaq look to stay perfect for the year.

The S&P 500 (+0.3%), the Nasdaq Composite (+0.2%), and the Dow Jones Industrial Average (+0.5%) have all advanced to new all-time highs. The Dow is leading today's rally after registering a modest loss on Monday--its first loss of 2018.

The heavily-weighted financials (+1.1%) and health care (+0.9%) sectors have set the pace today, bouncing back from losses on Monday. The financial sector has benefited from a steepening of the yield curve, which bodes well for lenders, while the health care space is being led by Dow component Johnson & Johnson (JNJ 144.61, +2.72), which is up 1.9% at a new all-time high.

Biotechnology shares have also helped the health care sector, sending the iShares Nasdaq Biotechnology ETF (IBB 109.95, +1.58) higher by 1.5%.

Meanwhile, the industrial sector (+0.6%) is in third place in the sector standings with Dow component Boeing (BA 318.36, +8.21) climbing 2.7% to a new record. Boeing is the priciest, and therefore the most influential, component in the price-weighted Dow and has helped give the blue-chip average an edge today.

Shares of Target (TGT 69.69, +2.46) are up 3.7% after the big-box retailer raised its earnings guidance for the fourth quarter. Retailers are struggling in general, however, following a recent two-month run; the SPDR S&P Retail ETF (XRT 45.94, -0.35) is down 0.8%.

The top-weighted technology sector (-0.1%) is underperforming after a solid start to the year, cutting its year-to-date gain to 4.5%. Chipmakers show particular weakness, evidenced by the PHLX Semiconductor Index, which is down 0.8%. Intel (INTC 43.92, -0.81) is down 1.8% after Microsoft (MSFT 88.50, +0.22) said the fix for Intel chip vulnerabilities--which were reported last week--could significantly slow certain servers and personal computers.

In the bond market, longer-dated Treasuries have sold off today, pushing the benchmark 10-yr Treasury yield five basis points higher to 2.53%--its best level since March 2017. The 2-yr yield has held steady, however, hovering at 1.96%.

Selling in the bond market follows the Bank of Japan's decision to reduce its daily purchases of government bonds of 10-25 years left to maturity and 25-40 years left to maturity by 10 billion yen each. Asian equities advanced on Tuesday despite the news with Japan's Nikkei (+0.6%) closing at a 26-year high.

On the Korean Peninsula, representatives from North Korea and South Korea met for the first time in over two years. The two sides agreed to hold joint military talks and North Korea will send a delegation to the Winter Olympics in Pyeongchang, a promising sign for the international community, which has been at odds with North Korea over its nuclear program.

Elsewhere, the Euro Stoxx 50 advanced 0.2%, securing its fifth consecutive win.

Reviewing Tuesday's economic data, which was limited to the Job Openings and Labor Turnover Survey for November and the NFIB Small Business Optimism Index for December:

The November Job Openings and Labor Turnover Survey showed that job openings decreased to 5.879 million from a revised 5.925 million (from 5.996 million) in October.
The NFIB Small Business Optimism Index for December slipped to 104.9 from 107.5 in November.

Dow: +122.48… | Nasdaq: +16.71… | S&P: +8.70…

NASDAQ Adv/Dec 1460/1355. …NYSE Adv/Dec 1351/1531.

12:25PM ET

[BRIEFING.COM] The Dow has extended its gain to 0.5% this afternoon while the S&P 500 and the Nasdaq continue to trade higher by 0.3% and 0.1%, respectively.

Shares of Intel (INTC 43.95, -0.78) have moved sharply lower in recent trading, extending their loss to 1.6% from 0.9%, after Microsoft (MSFT 88.46, +0.18) said the fix for Intel chip vulnerabilities--which were reported last week--could significantly slow certain servers and personal computers.

Elsewhere, the Stoxx Europe 50 finished Tuesday with a gain of 0.4%, securing its fifth consecutive win.

Dow: +113.08`… | Nasdaq: +10.36… | S&P: +7.15…

NASDAQ Adv/Dec 1400/1402. …NYSE Adv/Dec 1261/1604.

11:55AM ET

[BRIEFING.COM] Equity indices trade near their recent levels; the S&P 500 is higher by 0.3%.

The industrial sector (+0.6%) is having a good day with 52 of 66 components trading in the green. Dow component Boeing (BA 315.21, +5.06) is among the top performers within the group, climbing 1.6% to a new all-time high. Transports, meanwhile, are trading roughly in line with the broader market; the Dow Jones Transportation Average is up 0.4% after closing at a new record high on Monday.

Elsewhere, West Texas Intermediate crude futures have extended earlier gains, helping the energy sector climb back to its unchanged mark. WTI crude futures are up 1.4% at $62.62 per barrel, which marks their best level since December 2014, after holding a gain of around 0.6% at the opening bell.

Dow: +121.40… | Nasdaq: +9.59… | S&P: +8.36…

NASDAQ Adv/Dec 1435/1377. …NYSE Adv/Dec 1263/1571.

11:25AM ET

[BRIEFING.COM] Stocks have been ticking higher in recent action, pushing the major stock indices to new session highs. The Dow is leading the charge with a gain of 0.4%.

Retailers have sold off today following a big two-month run, during which the SPDR S&P Retail ETF (XRT 45.74, -0.55) added more than 18.0%. XRT shares trade 1.1% below Monday's closing level with Express (EXPR 7.99, -1.25) showing particular weakness (-13.5%) after lowering its earnings guidance for the fourth quarter.

Conversely, shares of Target (TGT 26.17, +1.99) have advanced 3.0% after the big-box retailer upped its profit guidance following a strong holiday season.

Dow: +102.88… | Nasdaq: +14.38… | S&P: +8.11…

NASDAQ Adv/Dec 1424/1366. …NYSE Adv/Dec 1187/1632.

10:55AM ET

[BRIEFING.COM] The S&P 500 (+0.1%) and the Nasdaq Composite (-0.1%) trade below where they opened today's session, but the Dow Jones Industrial Average (+0.2%) is roughly where it started.

Today's session has been a reverse of yesterday's in some respects. For instance, the financial (+0.7%) and health care (+0.9%) sectors are in the lead after lagging on Monday, and the technology space (-0.4%), which outperformed on Monday, is trading a step behind the broader market.

U.S. Treasuries are mixed in a curve-steepening trade after starting the week on a flat note. The yield on the benchmark 10-yr Treasury note is up four basis points at 2.52%, while the 2-yr yield is down two basis points at 1.94%. The 2yr-10yr spread is now at 56 basis points, its best level since late December.

Dow: +49.40… | Nasdaq: -6.72… | S&P: +1.93…

NASDAQ Adv/Dec 1261/1506. …NYSE Adv/Dec 1105/1684.

10:30AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.19% at 87.5237
Dollar index is currently up 0.25% at 92.59
Jan WTI crude is up 0.36% on the day.
API data is due out after the bell tonight
Futures are $0.22 higher to $61.95/barrel.
In other energy, Jan natural gas is up $0.01 at $2.85/MMBtu
Metals:
Feb gold lost $8.40 and trades at $1312.00/oz, while Mar silver lost $0.15 to $16.99/oz
Mar copper remains unchanged at $3.22/lb
Finally, agriculture:
Mar corn is up $0.02 at $3.49/bu.
Jan soy is down $0.04 at $9.6275/bu.
Mar wheat is up $0.01 at $4.29/bu.

Dow: +96.41… | Nasdaq: +4.95… | S&P: +4.96…

NASDAQ Adv/Dec 1400/1364. …NYSE Adv/Dec 1217/1542.

10:00AM ET

[BRIEFING.COM] Stocks have ticked down from their opening levels, trimming the S&P 500's gain to 0.1%.

Just in, the November Job Openings and Labor Turnover Survey showed that job openings decreased to 5.879 million from a revised 5.925 million (from 5.996 million) in October.

Dow: +50.45… | Nasdaq: -4.41… | S&P: +1.40…

NASDAQ Adv/Dec 1389/1319. …NYSE Adv/Dec 1241/1438.

09:40AM ET

[BRIEFING.COM] The major U.S. stock indices are modestly higher in the opening minutes, sporing gains of around 0.2% apiece. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average all trade at fresh record highs.

More than half of the 11 sectors are trading in the green, although gains have been limited; most groups are up 0.5% or less. The health care sector (+0.6%) is the top performer, bouncing back from yesterday's decline, followed by the influential financial group (+0.5%). On the flip side, the telecom services sector is the weakest group, losing 1.0%.

Within the health care space, Dow component Johnson and Johnson (JNJ 144.48, +2.50) shows particular strength, up 1.8%.

Dow: +65.23… | Nasdaq: +8.42… | S&P: +5.55…

NASDAQ Adv/Dec 1395/1251. …NYSE Adv/Dec 1414/1142.

09:10AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +17.00.

The S&P 500 futures have been ticking higher in recent action and now trade five points, or 0.2%, above fair value--up from two points an hour ago.

Buyers have pushed the S&P 500 and the Nasdaq to new record highs in each session of 2018. The Dow Jones Industrial Average has hit a new record in three of five sessions, but registered its first loss of the year yesterday, shedding 0.1%. The Nasdaq is up 3.7% year to date while the S&P 500 and the Dow are higher by 2.8% and 2.3%, respectively.

In corporate news, Target (TGT 70.00, +2.82) is up 4.2% in pre-market trading after the big-box retailer raised its profit guidance for the holiday season. Conversely, Express (EXPR 7.83, -1.41) and Big 5 Sports (BGFV 6.45, -1.40) are down 15.6% and 17.8%, respectively, after issuing below-consensus guidance for the fourth quarter.

Investors will receive just one economic report today--the November Job Openings and Labor Turnover Survey--which will be released at 10:00 AM ET.

U.S. Treasuries are mixed with the benchmark 10-yr yield up two basis points at 2.50% and the 2-yr yield down one basis point at 1.95%. West Texas Intermediate crude futures are up 0.6% at $62.07 per barrel, returning to a three-year high, and the U.S. Dollar Index is up 0.2% at 92.30--its best level in over a week.

08:50AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.00. Nasdaq futures vs fair value: +16.00.

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

Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note. Economic data from Japan showed the first increase in real wages in eleven months. The Bank of Japan announced that its daily purchases of 10-25 year and 25+ year JGBs will each be reduced by JPY10 billion. Representatives from North Korea and South Korea met for the first time since late 2015. The two sides agreed to hold joint military talks and North Korea will send a delegation to the Winter Olympics in Pyeongchang. The People's Bank of China altered the way it calculates the yuan fix, removing the counter-cyclical factor from the formula.

In economic data:
Japan's November Average Cash Earnings +0.9% year-over-year (expected 0.6%; last 0.2%) and November Overtime Pay 2.6% year-over-year (expected 0.6%; last 0.2%). December Household Confidence 44.7 (expected 45.1; last 44.9)
Australia's November Building Approvals +11.7% month-over-month (expected -1.3%; last -0.1%) and Private House Approvals -2.0% (last 1.1%). ANZ Job Advertisements -2.3% month-over-month (last 1.1%)

---Equity Markets---

Japan's Nikkei gained 0.6%. Mitsui Engineering & Shipbuilding jumped 8.0% while Sumitomo Realty & Development, SUMCO, Advantest, Sony, NGK Insulators, Canon, Yamaha, and Mitsubishi Electric posted gains between 1.9% and 4.2%.
Hong Kong's Hang Seng added 0.4%. Gaming names like Sands China and Galaxy Entertainment rose 5.3% and 2.2%, respectively, while financials like Ping An Insurance, BoC Hong Kong, Link Reit, and HSBC advanced between 0.6% and 3.2%.
China's Shanghai Composite edged up 0.1%. Jiangsu Hengrui Medicine, Shenghe Resources Holding, Panda Financial Holding, and Yibin Paper Industry rallied between 4.9% and 6.6%.
India's Sensex ticked up 0.3% despite losses in more than half of its components. Coal India jumped 5.6% while Wipro, Reliance Industries, Tata Motors, and Infosys rose between 0.6% and 2.1%.

Major European indices trade on a higher note while the euro (1.1921) is on track for its third consecutive decline, having shed 0.4% against the dollar. In Italy, Forza Italia's Silvio Berlusconi said that Italy must not leave the euro, which is a stance the Northern League agrees with. The two parties are expected to be among the top vote getters in the March election.

In economic data:
Eurozone November Unemployment Rate 8.7%, as expected (last 8.8%)
Germany's November Industrial Production +3.4% month-over-month (expected 1.9%; last -1.2%). November trade surplus EUR22.30 billion (expected EUR20.90 billion; last EUR19.90 billion). November Imports +2.3% month-over-month (expected 0.8%; last 1.8%) and November Exports +4.1% month-over-month (expected 1.2%; last -0.3%)
France's November trade deficit EUR5.70 billion (expected deficit of EUR4.70 billion; last deficit of EUR5.30 billion)
Italy's November Unemployment Rate 11.0%, as expected (last 11.1%)
Swiss December Unemployment Rate 3.0%, as expected (last 3.1%). November Retail Sales -0.2% year-over-year (expected -2.5%; last -2.6%)

---Equity Markets---

Germany's DAX has added 0.4% amid gains in most components. Growth-sensitive names like Continental, Infineon, BMW, Thyssenkrupp, Daimler, and Siemens show gains between 0.8% and 5.4%.
UK's FTSE is higher by 0.5%. Consumer names are among the leaders with Marks & Spencer, Sainsbury, Next, Morrison Supermarkets, Carnival, British American Tobacco, Kingfisher, Burberry, and Tesco showing gains between 1.1% and 3.9%.
France's CAC trades up 0.7%. STMicroelectronics and Cap Gemini are up 2.7% and 2.2%, respectively, while ArcelorMittal, Michelin, Accor, Valeo, TechnipFMC, and Total hold gains between 0.9% and 1.9%.


08:25AM ET

[BRIEFING.COM] S&P futures vs fair value: +1.80. Nasdaq futures vs fair value: +10.80.

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

West Texas Intermediate crude futures are up 0.5% at $62.03 per barrel, returning to a three-year high. The American Petroleum Institute will deliver its weekly crude inventory report this afternoon at 4:30 PM ET, while the official government figures will be released tomorrow morning at 10:30 AM ET.

The S&P 500's energy sector, which typically moves in tandem with oil prices, has gotten off to a good start this year following a poor performance in 2017. The sector is up 4.5% year to date, hovering just a tick below the technology sector (+4.6% YTD) at the top of the 2018 leaderboard.

07:59AM ET

[BRIEFING.COM] S&P futures vs fair value: +1.50. Nasdaq futures vs fair value: +9.30.

Equity futures point towards a slightly higher open this morning as Wall Street looks to advance for a sixth consecutive session. The S&P 500 futures trade two points, or 0.1%, above fair value.

Markets in Asia ended Tuesday on a positive note with Japan's Nikkei (+0.6%) closing at its best level since November 1991. The Bank of Japan announced it will reduce its daily purchases of government bonds of 10-25 years left to maturity and 25-40 years left to maturity by 10 billion yen each.

In Europe, stocks are trading higher for the fifth session in a row. The UK's FTSE and France's CAC lead with gains of 0.4% apiece.

Investors are due to receive just one economic report today--the November Job Openings and Labor Turnover Survey--which will be released at 10:00 AM ET.

In the bond market, U.S. Treasuries are mixed following a flat finish on Monday. The yield on the benchmark 10-yr Treasury note is up one basis point at 2.49%, while the 2-yr yield is lower by one basis point at 1.95%.

In U.S. corporate news:

Target (TGT 69.80, +2.62): +3.9% after raising its earnings guidance for the fourth quarter.
Express (EXPR 8.25, -0.99): -10.7% after lowering its earnings guidance for the fourth quarter.
Big 5 Sports (BGFV 6.50, -1.35): -17.2% after lowering its sales guidance for the fourth quarter.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note. Japan's Nikkei +0.6%, Hong Kong's Hang Seng +0.4%, China's Shanghai Composite +0.1%, India's Sensex +0.3%.
In economic data:
Japan's November Average Cash Earnings +0.9% year-over-year (expected 0.6%; last 0.2%) and November Overtime Pay 2.6% year-over-year (expected 0.6%; last 0.2%). December Household Confidence 44.7 (expected 45.1; last 44.9)
Australia's November Building Approvals +11.7% month-over-month (expected -1.3%; last -0.1%) and Private House Approvals -2.0% (last 1.1%). ANZ Job Advertisements -2.3% month-over-month (last 1.1%)
In news:
Economic data from Japan showed the first increase in real wages in eleven months. The Bank of Japan announced that its daily purchases of 10-25 year and 25+ year JGBs will each be reduced by JPY10 billion.
Representatives from North Korea and South Korea met for the first time since late 2015. The two sides agreed to hold joint military talks and North Korea will send a delegation to the Winter Olympics in Pyeongchang.
The People's Bank of China altered the way it calculates the yuan fix, removing the counter-cyclical factor from the formula.

Major European indices trade on a higher note while the euro (1.1928) is on track for its third consecutive decline, having shed 0.3% against the dollar. Germany's DAX +0.2%, UK's FTSE +0.4%, France's CAC +0.4%.
In economic data:
Eurozone November Unemployment Rate 8.7%, as expected (last 8.8%)
Germany's November Industrial Production +3.4% month-over-month (expected 1.9%; last -1.2%). November trade surplus EUR22.30 billion (expected EUR20.90 billion; last EUR19.90 billion). November Imports +2.3% month-over-month (expected 0.8%; last 1.8%) and November Exports +4.1% month-over-month (expected 1.2%; last -0.3%)
France's November trade deficit EUR5.70 billion (expected deficit of EUR4.70 billion; last deficit of EUR5.30 billion)
Italy's November Unemployment Rate 11.0%, as expected (last 11.1%)
Swiss December Unemployment Rate 3.0%, as expected (last 3.1%). November Retail Sales -0.2% year-over-year (expected -2.5%; last -2.6%)
In news:
In Italy, Forza Italia's Silvio Berlusconi said that Italy must not leave the euro, which is a stance the Northern League agrees with. The two parties are expected to be among the top vote getters in the March election.


06:02AM ET

[BRIEFING.COM] S&P futures vs fair value: +1.50. Nasdaq futures vs fair value: +8.50.
06:02AM ET

[BRIEFING.COM] Nikkei

...23,849.99...+135.50

...+0.60%

. Hang Seng

...31,011.41...+111.90

...+0.40%

.
06:02AM ET

[BRIEFING.COM] FTSE

...7,725.47...+28.90

...+0.40%

. DAX

...13,391.00...+23.20

...+0.20%

.
04:30PM ET

[BRIEFING.COM] Equities ticked higher on Monday, settling in record territory for the fifth session in a row.

The Nasdaq Composite jumped 0.3% to 7157.39 and the S&P 500 advanced 0.2% to 2747.71. The Dow Jones Industrial Average underperformed, finishing lower by 0.1% at 25283.00.

The market struggled for direction following a quiet weekend and ahead of the fourth quarter earnings season, which will kick off on Friday with reports from JPMorgan Chase (JPM 108.50, +0.16) and Wells Fargo (WFC 62.04, -0.71). Stocks opened the session slightly lower and then rose slowly throughout the day.

Nine of eleven sectors finished in positive territory. The lightly-weighted utilities (+0.9%) and real estate (+0.6%) sectors were the top performers, bouncing back from poor showings last week, while the top-weighted technology group (+0.4%) extended its lead for the year; the tech space is up 4.6% year to date.

The energy sector (+0.6%) rallied in the afternoon, helped by an increase in the price of crude oil; West Texas Intermediate crude futures climbed 0.4% to $61.69 per barrel. The industrial sector (+0.4%) also had a positive showing, thanks in part to transports, which pushed the Dow Jones Transportation Average (+0.8%) to a new record high.

On the downside, the heavily-weighted health care (-0.4%) and financials (-0.1%) spaces declined. Within the health care group, biotech shares showed particular weakness, sending the iShares Nasdaq Biotechnology ETF (IBB 108.37, -1.46) lower by 1.3%.

In corporate news, GoPro (GPRO 6.56, -0.96) faced heavy selling after slashing its revenue guidance for the holiday season and announcing its exit from the drone business. GPRO shares held losses of around 30% at the opening bell, but ended the session lower by 12.8%.

Kohl's (KSS 56.90, +2.54) jumped 4.7% after reporting a 6.9% year-over-year increase in same-store sales for November and December while Crocs (CROX 13.23, +1.03) climbed 8.4% after raising its revenue guidance for the fourth quarter.

In the bond market, U.S. Treasuries began the week on a quiet note with the benchmark 10-yr yield closing flat at 2.48%.

Elsewhere, the Euro Stoxx 50 (+0.3%) advanced to a four-month high on Monday, climbing for the fourth session in a row. German Chancellor Angela Merkel's CDU/CSU restarted talks with SPD over the weekend in a last-ditch effort to form a coalition government following months of deadlock.

In the Asia-Pacific region, the major stock indices also moved modestly higher, but Japan's Nikkei was closed for Coming of Age Day.

Monday's lone economic report--the Consumer Credit report for November--showed an increase of 27.9 billion (Briefing.com consensus $18.0 billion). October credit growth was revised to $20.6 billion from $20.5 billion.

On Tuesday, investors will receive the NFIB Small Business Optimism Index and the November Job Openings and Labor Turnover Survey at 6:00 AM ET and 10:00 AM ET, respectively.

Dow: -12.87… | Nasdaq: +20.83… | S&P: +4.56…

NASDAQ Adv/Dec 1352/1434. …NYSE Adv/Dec 1706/1227.

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
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