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 Post subject: Feb 5th Mon Price Action Trade Result - Profit $2275.00
PostPosted: Mon Feb 05, 2018 7:08 pm 
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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 @ $2,275.00 dollars or +45.50 points, Light Crude Oil CL ($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 @ $2,275.00 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=177&t=2746

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=345&t=3659 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 04:25PM ET
Dow: -1175.21… | Nasdaq: -273.42… | S&P: -113.19…
NASDAQ Vol: 2.9 bln… Adv: 394… Dec: 2643…
NYSE Vol: 1.32 bln… Adv: 324… Dec: 2755…
iPad apps for Morningstar StockInvestor, FundInvestor, DividendInvestor, ETFInvestor

Moving the Market

Major indices break 50-day moving averages

Stocks extend Friday's big losses, tumble into negative territory for the year; Nasdaq is lone holdout

Wells Fargo (WFC) drops after Fed decides to restrict the company's growth until it improves its governance and controls; financial sector underperforms

Fear-based selling

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

04:25PM ET

[BRIEFING.COM] It was a frenetic day of trading action on Wall Street. At one point, the price-weighted Dow Jones Industrial Average plunged 1,597 points, or 6.3%, which was its largest intraday point loss in history. The selling wasn't as pronounced in the S&P 500 and Nasdaq Composite , but it was significant nonetheless as those two major averages dropped as much as 4.5% and 3.7%, respectively, at their worst levels of the day.

There was a closing rebound try that made things look better on a closing basis, but that's not saying things looked good at the close. The Dow Jones Industrial Average ended the day down 4.6%, while the S&P 500 lost 4.1%, and the Nasdaq Composite fell 3.8%.

The reasonable question on everyone's mind is: why?

It is a question that won't have a truly satisfying answer, because there wasn't a clear-cut fundamental reason that was responsible for the scope of today's selling interest.

The concern that the stock market is overvalued has some application to Monday's selling effort, yet the thrust of the sell-off was mostly technical, mechanical, and psychological in nature.

The price action got things going.

There were some decent-sized losses at the start of trading on follow-through selling from Friday's broad-based retreat, yet the major indices all snapped back quickly.

The Nasdaq Composite, for instance, rallied 111 points off its opening low. That rebound effort, however, lost steam and when the Nasdaq's opening low was challenged later in the session, and failed to hold, sellers stepped up their activity. The same dynamic played out for the other major indices.

The selling efforts then intensified when the S&P 500 broke through technical support at its 50-day simple moving average (2717). The Dow Jones Industrial violated its 50-day simple moving average as well, which led to additional selling interest that got compounded as stop-loss orders got triggered and investor fear spiked on the rapidity of the selling activity.

The CBOE Volatility Index soared more than 100% today (38.80, +21.64, +126.1%). The spike in the VIX Index, which is euphemistically referred to as the market's fear gauge, reflected a rush to protect portfolios against further losses in the near term.

There was a related flight-to-safety into the Treasury market, which had been little changed for a good part of the day before catching a healthy bid that saw the yield on the 10-year note drop 12 basis points to 2.73%.

The S&P 500, which had been up 7.5% for the year as recently as January 26, has now surrendered the entirety of that gain, losing most of that ground over the last two trading sessions.

Every sector finished deep in red figures. The scope of the losses was reflected in the fact that the utilities sector (-1.7%) was today's relative strength leader.

The financial sector (-5.0%) suffered the largest pullback, feeling the added weight of losses in Wells Fargo (WFC 58.16, -5.91, -9.2%), which received a supervisory order from the Federal Reserve saying the bank cannot grow any larger than its total asset size as of the end of 2017 until the Federal Reserve has concluded Wells Fargo has sufficiently improved its governance and controls.

The range of losses for the remaining sectors was 2.7% to 4.6%.

As one might expect on a day like today, down volume swamped up volume at the NYSE by a roughly 12-to-1 margin. Declining issues, meanwhile, swamped advancing issues by a nearly 9-to-1 margin; and trading volume overall was very heavy with 1.32 billion shares changing hands.

The lone economic release today was the ISM Non-Manufacturing PMI Report for January. It was stronger than expected, checking in at 59.9 (Briefing.com consensus 56.7) versus an upwardly revised reading of 56.0 (from 55.9) for December. The January reading was the highest reading for the index since August 2005.

The Trade Balance Report for December (Briefing.com consensus -$52.3 bln) highlights the economic calendar on Tuesday.

Nasdaq Composite: +0.9% YTD
S&P 500: -0.9% YTD
Dow Jones Industrial Average: -1.4% YTD
S&P Midcap 400 Index: -2.7% YTD
Russell 2000: -2.9% YTD

Dow: -1175.21… | Nasdaq: -273.42… | S&P: -113.19…
NASDAQ Adv/Dec 394/2643. …NYSE Adv/Dec 324/2755.

03:40PM ET

[BRIEFING.COM] Commodities end the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.7% at 88.5135
Dollar index is currently up 0.27% at 89.47.
Mar WTI crude is lower on the day.
Futures trades $1.56 lower to $63.89/barrel.
In other energy, Mar natural gas trades down $0.097 at $2.749/MMBtu
On to metals:
Apr gold gained $5.00 to settle at $1342.30/oz, while Mar silver gained $0.036 to $16.745/oz
Mar copper gained $0.004 to $3.1915/lb
Finally, agriculture:
Mar corn trades $0.026 lower at $3.586/bu.
Mar soy trades $0.084 lower at $9.702/bu.
Dec wheat trades $0.046 lower at $4.42/bu.

Dow: -948.98… | Nasdaq: -179.91… | S&P: -83.03…
NASDAQ Adv/Dec 243/1122. …NYSE Adv/Dec 388/2667.

03:35PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 4.32% at 89.12
Dollar index is currently up 0.3% at 89.46
Mar WTI Crude is down 0.23% on the day.
Futures settle $0.15 lower to $65.3/barrel.
In other energy, Mar natural gas settled unchanged at $2.85/MMBtu
On the metals:
Apr Gold gained $0.1 to settle at $1337.4/oz, while Mar silver lost $0 to $16.71/oz
Mar copper settled flat at $3.19/lb
Finally, agriculture:
Mar Corn settled up $0.02 at $3.61/bu.
Mar Soy settled up $0.085 at $9.785/bu.
Mar Wheat settled up $0.07 at $4.47/bu.

03:00PM ET

[BRIEFING.COM] The Dow is down 745 points, or 2.9%, the S&P 500 is down 71 points, or 2.6%, and the Nasdaq is down 146 points, or 2.0%, with one hour of trading to go.

Looking ahead, several notable companies will report earnings on Tuesday, including General Motors (GM 40.46, -0.55), Cummins (CMI 182.77, -1.54), and Dunkin Brands (DNKN 61.25, -1.09) in the morning and Walt Disney (DIS 106.05, -2.65), Gilead Sciences (GILD 79.70, -2.03), Chipotle Mexican Grill (CMG 302.46, -9.39), and Snap (SNAP 13.73, +0.02) in the afternoon.

As for economic data, the December Trade Balance (Briefing.com consensus -$52.3 billion) and the December Job Openings and Labor Turnover Survey will be released at 8:30 AM ET and 10:00 AM ET, respectively.
Dow: -697.16… | Nasdaq: -138.40… | S&P: -66.39…
NASDAQ Adv/Dec 300/1765. …NYSE Adv/Dec 415/2609.

02:30PM ET

[BRIEFING.COM] Stocks continue sliding, with the S&P 500 now trading 1.8% below Friday's closing level.

21st Century Fox (FOXA 37.17, +0.45) is outperforming today, up 1.2%, following a CNBC report that Comcast (CMCSA 39.94, -1.16) could top Walt Disney's (DIS 106.59, -2.11) bid for Fox's assets if AT&T (T 37.53, -0.54) is allowed to acquire Time Warner (TWX 96.20, -0.55).

Separately, Facebook (FB 186.63, -3.61) is contemplating expanding its TV-like service, looking to take Alphabet's (GOOGL 1087.44, -31.76) YouTube head on, according to CNBC. The two tech giants have lost 2.0% and 2.9%, respectively, in today's session.
Dow: -502.23… | Nasdaq: -92.69… | S&P: -49.21…
NASDAQ Adv/Dec 425/1814. …NYSE Adv/Dec 542/2472.

01:55PM ET

[BRIEFING.COM] The major averages are trading near their session lows; the Dow, the S&P 500, and the Nasdaq are down 1.7%, 1.4%, and 1.0%, respectively.

All 11 sectors are trading in negative territory. The energy (-2.6%), health care (-2.3%), and financials (-2.2%) sectors are the weakest groups, followed by industrials (-1.6%), consumer staples (-1.6%), and telecom services (-1.4%). All other sectors hold losses between 0.3% and 1.1%.

Meanwhile, Treasury yields have slipped to new session lows, with the benchmark 10-yr yield down three basis points at 2.82%.
Dow: -365.61… | Nasdaq: -55.41… | S&P: -35.23…
NASDAQ Adv/Dec 529/1816. …NYSE Adv/Dec 628/2364.

01:30PM ET

[BRIEFING.COM] The major U.S. indices have taken another leg lower since our last update with most stocks hitting new session lows in recent trading.

A look inside the Dow Jones Industrial Average shows that Exxon Mobil (XOM 80.15, -4.39), Johnson & Johnson (JNJ 132.90, -4.78), Chevron (CVX 114.73, -3.85) are underperforming. Exxon Mobil is leading the Dow lower as shares see an extension of Friday's earnings-driven selloff, while J&J is under pressure amid fallout concerns tied to an ongoing mesothelioma lawsuit.

Conversely, Intel (INTC 46.51, +0.36) is the best-performing Dow component after being highlighted in a Barron's piece this weekend.

As stocks resume their multi-day move lower, the DJIA is now down 4.2% to start February.
Dow: -459.48… | Nasdaq: -78.80… | S&P: -42.22…
NASDAQ Adv/Dec 439/2008. …NYSE Adv/Dec 573/2415.

01:05PM ET

[BRIEFING.COM] Stocks opened today's session solidly lower, rallied all the way to their unchanged marks, and then fell back to their opening levels.

At midday, the Dow Jones Industrial Average is down 1.0%, the S&P 500 is lower by 0.9%, and the Nasdaq Composite shows a loss of 0.6%. Today's sell off follows a disappointing performance last week, during which the major stock indices lost between 3.5% and 4.1%. However, the averages are still up for the year, sporting gains between 2.4% and 4.3%.

10 of 11 sectors are trading in negative territory. The energy sector is the worst-performing group, down 2.1%, as West Texas Intermediate crude futures trade lower by 1.9% at $64.24 per barrel. Dow components Exxon Mobil (XOM 80.93, -3.60) and Chevron (CVX 116.11, -2.47) have extended their Friday declines, which came in reaction to their latest quarterly results. The two energy giants show losses of 4.2% and 2.1%, respectively.

The heavily-weighted financial sector is also underperforming, down 1.3%, after the Federal Reserve announced on Friday that it's restricting Wells Fargo's (WFC 59.08, -4.98) growth until WFC improves its governance and controls; WFC shares are down 7.8%. A decline in Treasury yields has also worked against the financial group; the benchmark 10-yr yield is down one basis point at 2.84%, retreating from the four-year high it hit on Friday, while the 2-yr yield is lower by three basis points at 2.11%.

A rise in Treasury yields, which triggers valuation concerns, has been a contributing factor to the recent selling on Wall Street.

The health care sector (-1.3%) hovers alongside energy and financials at the bottom of the sector standings. Johnson & Johnson (JNJ 134.07, -3.61) shows particular weakness, down 2.6%, following an article on Mesothelioma.net that suggests a mesothelioma lawsuit could lead to the release of "numerous damaging internal company documents."

On a positive note, the rate-sensitive utilities sector is trading at the top of the leaderboard with a gain of 0.4%.

It's also worth pointing out that Broadcom (AVGO 240.45, +4.88) made its "best and final" offer for Qualcomm (QCOM 63.94, -2.14), bidding $82.00 per share in cash and stock--which is a 50% premium over Qualcomm's unaffected stock price on November 2, 2017. AVGO shares are up 2.1%, while QCOM shares are down 3.2%. Bristol-Myers (BMY 61.74, -1.73) is also struggling, down 2.8%, despite reporting better-than-expected earnings and revenues for the fourth quarter this morning.

Elsewhere, equity indices in the Asia-Pacific region ended Monday on a mostly lower note, with Japan's Nikkei (-2.6%) pacing the retreat. The major European bourses also declined, with France's CAC losing 1.6%, and the UK's FTSE and Germany's DAX dropping 1.4% and 0.8%, respectively.

Reviewing Monday's economic data, which was limited to the ISM Services Index for January:

The ISM Services Index for January rose to 59.9 (Briefing.com consensus 56.7) from a revised reading of 56.0 in December (from 55.9).
The key takeaway from the report is that business activity in the non-manufacturing sector is accelerating on the back of new order growth.

Dow: -255.06… | Nasdaq: -31.39… | S&P: -22.58…
NASDAQ Adv/Dec 668/1879. …NYSE Adv/Dec 784/2178.

12:30PM ET

[BRIEFING.COM] Stocks continue to fall, approaching their opening levels. The Dow is down 1.1%, while the S&P 500 and the Nasdaq hold respective losses of 0.9% and 0.6%.

10 of 11 sectors are lower--utilities (+0.3%) is the lone exception. Heavyweights within the utilities sector like NextEra Energy (NEE 156.69, +0.77), Duke Energy (DUK 77.16, +0.63), Dominion Energy (D 76.29, +0.60), and Southern (SO 44.43, +0.26) sport gains between 0.5% and 0.8%.

Meanwhile, in the crude futures market, West Texas Intermediate crude futures are down 1.7% at $64.36 per barrel, hovering at a fresh session low. The energy sector (-2.0%), which typically moves in tandem with the price of crude oil, is the weakest of the 11 sectors.
Dow: -266.74… | Nasdaq: -38.03… | S&P: -23.25…
NASDAQ Adv/Dec 710/1914. …NYSE Adv/Dec 768/2174.

12:00PM ET

[BRIEFING.COM] Equity indices have continued to slide in recent action and are now hovering in the middle of their trading ranges. The Dow is the weakest performer, down 0.6%.

The health care sector (-1.2%) is trading near the bottom of today's sector standings. Health care giant Johnson & Johnson (JNJ 134.70, -2.98) is exhibiting particular weakness, down 2.2%, following an article on Mesothelioma.net that suggests a mesothelioma lawsuit could lead to the release of "numerous damaging internal company documents."

In Europe, the major bourses finished Monday on a lower note; France's CAC lost 1.6%, while the UK's FTSE and Germany's DAX dropped 1.4% and 0.8%, respectively. The U.S. dollar is up against the euro (1.2405) and the British pound (1.4004), adding 0.4% and 0.8%, respectively, but is down 0.1% against the Japanese yen (110.09).
Dow: -154.66… | Nasdaq: -15.12… | S&P: -13.09…
NASDAQ Adv/Dec 891/1760. …NYSE Adv/Dec 1011/1914.

11:30AM ET

[BRIEFING.COM] Equity indices have come off their session highs in recent action, but are still a ways above their opening levels. The S&P 500 is down 0.2%.

The energy sector is the weakest of the S&P 500's 11 groups with a loss of 1.0%. Within the space, Dow components Exxon Mobil (XOM 82.09, -2.44) and Chevron (CVX 117.47, -1.10) show losses of 2.9% and 1.0%, respectively, extending their Friday declines, which came in reaction to their latest quarterly results; both companies missed revenue estimates for the fourth quarter.

A decline in the price of crude oil is also working against the energy sector; West Texas Intermediate crude futures are down 0.5% at $65.15 per barrel.

In the bond market, U.S. Treasuries are mixed after opening on a mostly higher note. The yield on the benchmark 10-yr Treasury note is flat at 2.85% after trading around 2.83% earlier, while the 2-yr yield is down two basis points at 2.12% after hovering around 2.14% earlier. Yields move inversely to prices.
Dow: -75.22… | Nasdaq: -3.02… | S&P: -6.61…
NASDAQ Adv/Dec 992/1690. …NYSE Adv/Dec 1099/1802.

10:55AM ET

[BRIEFING.COM] The S&P 500 opened today's session with a loss of around 1.0%, but now trades at its flat line. Meanwhile, the Nasdaq Composite is up 0.4% after opening with a loss of 1.2%, and the Dow Jones Industrial Average is down 0.1% after opening lower by 1.4%.

Five sectors trade in the green--technology (+0.6%), utilities (+0.4%), materials (+0.4%), consumer discretionary (+0.3%), and telecom services (unch)--while six trade in the red--real estate (-0.1%), industrials (-0.1%), health care (-0.4%), consumer staples (-0.4%), financials (-0.7%), and energy (-0.7%).

Within the top-weighted technology space, Dow components Apple (AAPL 163.07, +2.59), Microsoft (MSFT 92.75, +0.98), and Intel (INTC 46.99, +0.86) are showing relative strength, sporting gains between 1.1% and 1.7%. Apple and Microsoft sold off last week after reporting their fourth quarter results.
Dow: -35.44… | Nasdaq: +15.35… | S&P: -2.02…
NASDAQ Adv/Dec 1140/1579. …NYSE Adv/Dec 1092/1791.

10:35AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently lower 0.25% at 88.8967
Dollar index is currently up 0.29% at 89.45
Mar WTI crude is down 1.02% on the day.
Futures are $0.67 lower to $64.78/barrel.
In other energy, Mar natural gas is down $0.09 at $2.76/MMBtu
Metals:
Apr gold gained $1.50 and trades at $1338.80/oz, while Mar silver gained $0.09 to $16.80/oz
Mar copper gained 0.06 to $3.25/lb
Finally, agriculture:
Mar corn is down $0.04 at $3.58/bu.
Mar soy is down $0.05 at $9.74/bu.
Mar wheat is down $0.03 at $4.44/bu.

Dow: -89.8… | Nasdaq: +17.41… | S&P: -4.65…
NASDAQ Adv/Dec 1072/1677. …NYSE Adv/Dec 993/1890.

10:05AM ET

[BRIEFING.COM] The major averages are still solidly lower, showing losses between 0.5% and 0.8%.

Just in, the ISM Services Index for January rose to 59.9 (Briefing.com consensus 56.7) from a revised reading of 56.0 in December (from 55.9).
Dow: -225.93… | Nasdaq: -35.85… | S&P: -20.26…
NASDAQ Adv/Dec 813/1984. …NYSE Adv/Dec 688/2151.

09:45AM ET

[BRIEFING.COM] The major stock indices are lower in the opening minutes, showing losses between 0.8% and 1.0%.

10 of 11 sectors are trading in the red, with real estate (+0.2%) being the lone advancer. The financial space (-1.8%) is the weakest group after the Federal Reserve announced on Friday that it's restricting Wells Fargo's (WFC 58.93, -5.14) growth until WFC improves its governance and controls; WFC shares are down 8.0%.

As a reminder, today's lone economic report--the ISM Services Index (Briefing.com consensus 56.7)--will be released at 10:00 ET.
Dow: -264.50… | Nasdaq: -59.68… | S&P: -23.46…
NASDAQ Adv/Dec 714/2041. …NYSE Adv/Dec 667/2104.

09:10AM ET
[BRIEFING.COM] S&P futures vs fair value: -21.00. Nasdaq futures vs fair value: -46.50.

The equity market is poised to extend last week's decline at the opening bell; the S&P 500 futures are trading 21 points, or 0.8%, below fair value.

On the corporate front, Wells Fargo (WFC 57.80, -6.20) is down 9.7% after the Federal Reserve decided to restrict WFC's growth until it improves its governance and controls. Meanwhile, Qualcomm (QCOM 64.75, -1.32) is lower by 2.0% after Broadcom (AVGO 236.05, +0.57) made its 'best and final offer' for the company--$82.00 per share in cash and stock.

U.S. Treasuries are mostly higher this morning, reclaiming a small chunk of last week's sell off. The yield on the benchmark 10-yr Treasury note is down two basis points at 2.83%, while the 2-yr yield is flat at 2.14%. Last week, the 10-yr yield spiked 19 basis points to its highest level since January 2014.

Meanwhile, West Texas Intermediate crude futures are down 0.7% at $64.98 per barrel and the U.S. Dollar Index is up 0.1% at 89.16.

Today's lone economic report--the ISM Services Index (Briefing.com consensus 56.7)--will be released at 10:00 ET.

08:51AM ET
[BRIEFING.COM] S&P futures vs fair value: -15.50. Nasdaq futures vs fair value: -33.80.

The S&P 500 futures trade 16 points, or 0.6%, below fair value.

Equity indices in the Asia-Pacific region began the week on a mostly lower note. Australia's 10-yr yield climbed nine basis points to 2.91% in response to a soft bond auction. Nikkei reported that Prime Minister Shinzo Abe will ask South Korea and the United States to conduct planned military drills after the conclusion of Winter Olympics in Pyeongchang, South Korea. Bank of Japan Governor Haruhiko Kuroda spoke before parliament, saying the central bank is not making any changes in its approach to quantitative easing. China's Ministry of Commerce will reportedly launch an anti-dumping investigation into imports of sorghum from the United States.

In economic data:
China's January Caixin Services PMI 54.7 (expected 53.6; last 53.9)
Australia's ANZ Job Advertisements +6.2% month-over-month (last -2.7%). January AIG Services Index 54.9 (last 52.0)
Hong Kong's January Manufacturing PMI 51.1 (last 51.5)
India's January Nikkei Services PMI 51.7 (last 50.9)

---Equity Markets---

Japan's Nikkei fell 2.6% amid broad weakness. Tokai Carbon, Furukawa, Kikkoman, Okuma, Fast Retailing, JTEKT, TDK, NGK Insulators, and TOTO posted losses between 3.9% and 7.2%. Honda Motor and Sony outperformed, climbing 2.1% and 1.5%, respectively.
Hong Kong's Hang Seng surrendered 1.1%. Property names were among the laggards with Sino Land, Wharf Real Estate, Wharf Holdings, Henderson Land, New World Development, and Swire Pacific fell between 2.2% and 3.3%.
China's Shanghai Composite added 0.7%. Anyang Iron & Steel, China Southern Airlines, Shandong Lukang Pharmaceutical, and Shanxi Coking gained between 6.8% and 10.0%.
India's Sensex lost 0.9%. Larsen & Toubro, Bajaj Auto, HDFC Bank, Tata Consultancy, ICICI Bank, Tata Steel, and Wipro posted losses between 0.7% and 3.7%.

Major European indices trade lower across the board. Coalition talks in Germany have gone past the deadline that was set by Chancellor Angela Merkel's party. CDU/CSU and SPD have reportedly made some progress, but major issues related to health care and labor remain unresolved. The two sides hope to conclude their talks tomorrow. British Prime Minister Theresa May has ruled out the possibility of remaining in the customs union following the completion of Brexit.

In economic data:
Eurozone December Retail Sales -1.1% month-over-month, as expected (last 2.0%); +1.9% year-over-year, as expected (last 3.9%). February Sentix Investor Confidence 31.9 (expected 33.2; last 32.9). January Services PMI 58.0 (expected 57.6; last 57.6)
UK's January Services PMI 53.0 (expected 54.1; last 54.2)
Germany's January Services PMI 57.3 (expected 57.0; last 57.0)
France's January Services PMI 59.2 (expected 59.3; last 59.3)
Italy's January Services PMI 57.7 (expected 56.1; last 55.4)
Spain's January Services PMI 56.9 (expected 55.2; last 54.6)

---Equity Markets---

Germany's DAX is down 0.9%, falling to levels from late September. Heavyweights like Allianz, Bayer, Adidas, SAP, Commerzbank, Siemens, Volkswagen, BASF, Thyssenkrupp, and Continental hold losses between 0.7% and 1.6%.
France's CAC is lower by 1.4%, returning to its January low. All 40 components trade in negative territory with Airbus, Cap Gemini, L'Oreal, Louis Vuitton, Renault, Kering, and Danone falling between 1.8% and 2.2%.
UK's FTSE has dropped 1.3%, pausing near its low from September. Rolls Royce Holdings has slumped 3.1% while financials and consumer names like Old Mutual, Prudential, Standard Life, Persimmon, Sainsbury, British American Tobacco, and Associated British Foods show losses between 1.2% and 2.7%.

08:25AM ET
[BRIEFING.COM] S&P futures vs fair value: -16.00. Nasdaq futures vs fair value: -47.00.

The S&P 500 futures trade 16 points, or 0.6%, below fair value.

Stocks struggled mightily last week, with the major averages losing between 3.5% and 4.1%, but it has still been a positive year overall thus far; the Nasdaq Composite is up 4.9% year to date, while the S&P 500 and the Dow Jones Industrial Average hold yearly gains of 3.3% and 3.2%, respectively.

The consumer discretionary (+7.1 YTD), health care (+5.2% YTD), financials (+5.0% YTD), and technology (+4.4% YTD) sectors have been the top-performing groups in 2018, while the real estate (-4.8% YTD) and utilities (-5.3% YTD) sectors have been the weakest.

08:01AM ET
[BRIEFING.COM] S&P futures vs fair value: -24.00. Nasdaq futures vs fair value: -73.50.

The U.S. equity market looks poised to extend last week's losses at the opening bell as the S&P 500 futures trade 24 points, or 0.9%, below fair value. Last week, the major averages lost between 3.5% and 4.1%, with their worst performance coming on Friday. The recent weakness follows an impressive start to the year.

U.S. Treasuries are slightly higher this morning, pushing yields--which hit multi-year highs last week--lower across the curve; the yield on the benchmark 10-yr Treasury note is down one basis point at 2.84%, while the 2-yr yield also trades lower by one basis point at 2.13%. Last week, the 10-yr yield spiked 19 basis points to a four-year high.

Elsewhere, equity indices in the Asia-Pacific region ended Monday on a mostly lower note, with Japan's Nikkei (-2.6%) pacing the retreat, and the major European bourses are trading lower across the board, showing losses of at least 1.0% apiece. The U.S. dollar is up 0.1% against the euro (1.2444), but down 0.4% against the yen (109.77).

Looking ahead, numerous notable companies will release earnings this week, including General Motors (GM), Walt Disney (DIS), and Gilead Sciences (GILD) on Tuesday, 21st Century Fox (FOXA) and Tesla (TSLA) on Wednesday, CVS Health (CVS), Twitter (TWTR), and NVIDIA (NVDA) on Thursday, and PG&E (PCG) on Friday.

On the data front, this week's calendar is pretty light. Today's lone economic report--the ISM Services Index (Briefing.com consensus 56.7)--will be released at 10:00 ET.

In U.S. corporate news:

Wells Fargo (WFC 59.96, -4.11): -6.4% after the Federal Reserve decided to restrict WFC's growth until it improves its governance and controls.
Qualcomm (QCOM 63.25, -2.82): -4.3% after Broadcom (AVGO 238.50, +3.02) made its 'best and final offer' for the company--$82.00 per share in cash and stock.
Bristol-Myers (BMY 65.27, +1.79): +2.8% after reporting better-than-expected earnings and revenues.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region began the week on a mostly lower note. Japan's Nikkei -2.6%, Hong Kong's Hang Seng -1.1%, China's Shanghai Composite +0.7%, India's Sensex -0.9%.
In economic data:
China's January Caixin Services PMI 54.7 (expected 53.6; last 53.9)
Australia's ANZ Job Advertisements +6.2% month-over-month (last -2.7%). January AIG Services Index 54.9 (last 52.0)
Hong Kong's January Manufacturing PMI 51.1 (last 51.5)
India's January Nikkei Services PMI 51.7 (last 50.9)
In news:
Australia's 10-yr yield climbed nine basis points to 2.91% in response to a soft bond auction.
Nikkei reported that Prime Minister Shinzo Abe will ask South Korea and the United States to conduct planned military drills after the conclusion of Winter Olympics in Pyeongchang, South Korea.
Bank of Japan Governor Haruhiko Kuroda spoke before parliament, saying the central bank is not making any changes in its approach to quantitative easing.
China's Ministry of Commerce will reportedly launch an anti-dumping investigation into imports of sorghum from the United States.

Major European indices trade lower across the board. Germany's DAX -1.0%, France's CAC -1.4%, UK's FTSE -1.4%.
In economic data:
Eurozone December Retail Sales -1.1% month-over-month, as expected (last 2.0%); +1.9% year-over-year, as expected (last 3.9%). February Sentix Investor Confidence 31.9 (expected 33.2; last 32.9). January Services PMI 58.0 (expected 57.6; last 57.6)
UK's January Services PMI 53.0 (expected 54.1; last 54.2)
Germany's January Services PMI 57.3 (expected 57.0; last 57.0)
France's January Services PMI 59.2 (expected 59.3; last 59.3)
Italy's January Services PMI 57.7 (expected 56.1; last 55.4)
Spain's January Services PMI 56.9 (expected 55.2; last 54.6)
In news:
Coalition talks in Germany have gone past the deadline that was set by Chancellor Angela Merkel's party. CDU/CSU and SPD have reportedly made some progress, but major issues related to health care and labor remain unresolved. The two sides hope to conclude their talks tomorrow.
British Prime Minister Theresa May has ruled out the possibility of remaining in the customs union following the completion of Brexit.


05:57AM ET
[BRIEFING.COM] S&P futures vs fair value: -15.00. Nasdaq futures vs fair value: -16.00.

05:57AM ET
[BRIEFING.COM] Nikkei...22682...-592.50...-2.60%. Hang Seng...32245...-356.60...-1.10%.

05:57AM ET
[BRIEFING.COM] FTSE...7357.77...-85.70...-1.20%. DAX...12699.67...-85.50...-0.70%.

04:30PM ET

[BRIEFING.COM] The sky fell on Friday. Just kidding. The stock market just had a bad day--which has kind of felt as impossible as the prospect of a falling sky since the start of the year.

The Dow Jones Industrial Average tumbled 2.5%, and the S&P 500 and the Nasdaq Composite lost 2.1% and 2.0%, respectively, but the three major indices still hold year-to-date gains between 3.2% and 4.9%. Equities opened Friday with sizable losses and extended those losses throughout the session, finishing at session lows.

Declining issues outnumbered advancing issues 9 to 1 at the New York Stock Exchange. In terms of S&P 500 sectors, 11 of 11 finished in negative territory, with the energy space (-4.1%) pacing the retreat following fourth quarter earnings from Chevron (CVX 118.58, -6.99) and Exxon Mobil (XOM 84.53, -4.54). Both companies missed revenues estimates; Exxon missed profit estimates as well. In addition, a decline in the price of crude oil also weighed on the sector; West Texas Intermediate crude futures slid 0.8% to $65.30 per barrel.

The top-weighted technology sector (-3.0%) also had a rough outing, with Apple (AAPL 160.37, -7.41), Alphabet (GOOGL 1119.20, -62.39), and Visa (V 120.91, -4.81) losing between 3.8% and 5.3% after releasing their Q4 results. Apple and Visa beat earnings estimates, but Alphabet came up short despite reporting better-than-expected revenues. Apple's iPhone sales were disappointing, and the company lowered its sales forecast for the first quarter.

Dow component Merck (MRK 58.56, -1.30) also reported Q4 results, beating bottom-line estimates, but slid 2.2% nonetheless.

On a positive note, Amazon (AMZN 1429.95, +39.95) jumped 2.9%, touching a new intraday record, after soundly beating earnings estimates for the fourth quarter, thanks in large part to changes in the U.S. tax code. The consumer discretionary sector (-0.9%), which houses Amazon, was among the top-performing groups.

Investors received the Employment Situation report for January on Friday morning. Job growth was solid again with the addition of 220,000 nonfarm payrolls (Briefing.com consensus +180,000), but the focal point was the 0.3% jump in average hourly earnings. That was in-line with the Briefing.com consensus estimate, but after taking revisions into account, it left average hourly earnings up 2.9% year over year--the highest growth rate since May 2009.

There has been a burgeoning assumption that the strengthening economy and the tight labor market are going to invite higher wages and wage-based inflation pressures that have been dormant for years. The key takeaway, then, is that the January report has given some data-based life to that assumption and has offered a reasonable basis for the Federal Reserve to move ahead with a rate hike at its March meeting.

U.S. Treasuries were weak ahead of the jobs report release, but selling accelerated in the aftermath, pushing yields to multi-year highs; the benchmark 10-yr yield climbed another eight basis points--extending its weekly gain to 19 basis points--to finish at 2.85%, which is its highest level since January 2014. Shorter-dated issues showed relative strength, however, with the 2-yr yield slipping two basis points to 2.14%. Yields move inversely to prices.

In Washington, President Trump authorized the release of a House Intelligence Committee memo that alleges there was an anti-Trump bias at both the FBI and the Justice Department in investigative matters pertaining to Russia's meddling in the 2016 presidential election. The release received some credit for accelerating Friday's sell off given that it creates some political uncertainty in front of next week's spending deadline; Congress will have to pass a new spending resolution by February 8 to avoid another government shutdown.

It's also worth pointing out that the CBOE Volatility Index, often referred to as the "investor fear gauge," spiked about four points, or 29.0%, on Friday to 17.40--its highest level since the U.S. presidential election on November 8, 2016.

Reviewing Friday's batch of economic data, which included the Employment Situation report for January, the final reading of the University of Michigan Consumer Sentiment Index for January, and Factory Orders for December:

Employment Situation
January nonfarm payrolls increased by 200,000 while the Briefing.com consensus expected an increase of 180,000. The prior month's increase was revised to 160,000 from 148,000. Nonfarm private payrolls rose by 196,000 while the Briefing.com consensus expected an increase of 175,000. The previous month's increase was revised to 166,000 from 146,000.
The unemployment rate stayed at 4.1%, as expected.
Average hourly earnings increased by 0.3% (Briefing.com consensus +0.3%), while the previous month's increase was revised to 0.4% from 0.3%.
The average workweek was reported at 34.3 (Briefing.com consensus 34.5). The previous month's reading was left unrevised at 34.5.
Michigan Consumer Sentiment
The final reading of the University of Michigan Consumer Sentiment Index for January rose to 95.7 (Briefing.com consensus 95.0) from 94.4 in the preliminary reading.
Factory Orders
The Factory Orders Report for December showed an increase of 1.7% (Briefing.com consensus 1.3%), while the November reading was revised to +1.7% from +1.3%.

On Monday, investors will receive the ISM Services Index for January at 10:00 AM ET.

Nasdaq Composite: +4.9% YTD
S&P 500: +3.3% YTD
Dow Jones Industrial Average: +3.2% YTD
Russell 2000: +0.8% YTD

Week In Review: Pulling Back

Stocks tumbled this week, denting their impressive 2018 gains; the Dow Jones Industrial Average dropped 4.1%, the S&P 500 slid 3.9%, and the Nasdaq lost 3.5%.

While investors had a lot of news to digest, including President Trump's first State of the Union address, a tech-heavy batch of fourth quarter earnings, and the Employment Situation report for January, the selling was more so a natural response to a market that's moved too far too fast--although, a spike in Treasury yields did help strengthen a case for the bears.

Technology names dominated this week's batch of earnings, with Apple (AAPL), Microsoft (MSFT), Facebook (FB), and Alphabet (GOOGL) reporting their fourth quarter results, which were mostly better-than-expected. However, the companies' shares settled the week mostly lower; MSFT, GOOGL, and AAPL shares lost 2.4%, 5.8%, and 6.4% for the week, respectively, while FB shares advanced 0.2%, touching a new all-time high.

Apple reported above-consensus earnings on in-line revenues, but iPhone sales for the holiday season came in weaker than expected, and the company lowered its sales forecast for the first three months of 2018. Meanwhile, Facebook beat earnings and revenue estimates and reassured investors that its ad business would remain highly profitable despite changes to its news feed, which have prompted users to spend less time on the site--about 50 million hours less per day (in aggregate).

As for the others, Microsoft reported above-consensus earnings and revenues on the back of its rapidly-growing cloud computing business, while Alphabet, the parent company of Google, missed earnings estimates--despite beating revenue forecasts--largely due to rising costs.

Outside the technology space, Amazon (AMZN) and Boeing (BA) also reported their quarterly results this week. Amazon ended with a weekly gain of 2.0% after blowing past earnings estimates--thanks in part to changes in the U.S. tax code--while Boeing jumped 1.7% after also soundly beating earnings estimates, beating revenue estimates, and issuing much better-than-expected guidance for fiscal year 2018.

In other corporate news, the health care sector struggled this week, losing 5.1%, after Amazon (AMZN), Berkshire Hathaway (BRK.A), and JPMorgan Chase (JPM) announced on Tuesday that they will be partnering to form a company focused on reducing health care costs for hundreds of thousands of their U.S. employees.

In Washington, President Trump delivered his first State of the Union address on Tuesday evening. The president stayed on script, calling for a $1.5 trillion infrastructure plan and a compromise on immigration that would allow a path to citizenship for "Dreamers" in exchange for his promised barrier along the Mexico border and added border security. Mr. Trump also noted that lowering prescription drug prices is a top priority of his administration and took a firm, but relatively calm, stance against North Korea.

Meanwhile, Fed Chair Janet Yellen wrapped up her time at the Federal Reserve on a rather uneventful note as the Federal Open Market Committee unanimously voted on Wednesday to leave the fed funds target range unchanged at 1.25%-1.50%, as expected. In its statement, the central bank said near-term risks to the economic outlook appear roughly balanced, but added that officials are keeping an eye on inflation, which has been slow to pick up despite a tightening of the labor market.

The policy directive did little to change the market's rate-hike expectations; the CME FedWatch Tool still points to the March FOMC meeting as the most likely time for the next rate-hike announcement, with an implied probability of 77.5% (up from 74.7% last week), and calls for an additional two hikes before the end of the year.

On the data front, investors received the Employment Situation report for January on Friday: Nonfarm payrolls came in better-than-expected (+200,000 actual vs +180,000 Briefing.com consensus), average hourly earnings hit estimates (+0.3% MoM), and the unemployment rate stayed at 4.1% as expected. U.S. Treasuries were lower for the week ahead of the report's release, but extend their losses in the aftermath, sending yields to multi-year highs.

The yield on the benchmark 10-yr Treasury note spiked 19 basis points to 2.85% this week, its best level since January 2014, while the 2-yr yield climbed two basis points to 2.14%, its best level in nearly a decade--dating back to the financial crisis. The recent rise in Treasury yields--the 10-yr yield has climbed 50 basis points in seven weeks--is seen by some as a positive sign for economic growth, but it could also be a headwind for equities, which are trading at very high valuations.

Dow: -665.75… | Nasdaq: -144.92… | S&P: -59.85…
NASDAQ Adv/Dec 453/1034. …NYSE Adv/Dec 304/2747.

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 4 - 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)
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