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 Post subject: Feb 6th Tues Price Action Trade Result - Profit $28725.00
PostPosted: Tue Feb 06, 2018 11:34 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3162
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
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)

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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 @ $28,765.00 dollars or +574.50 points, Light Crude Oil CL ($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 @ $28,765.00 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=2747

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 04:30PM ET
Dow: +567.02… | Nasdaq: +148.36… | S&P: +46.20…
NASDAQ Vol: 3.1 bln… Adv: 1912… Dec: 1095…
NYSE Vol: 1.45 bln… Adv: 2161… Dec: 865…

Moving the Market

Investors debate whether to 'buy-the-dip' or continue selling following big losses on Friday and Monday; stocks have been volatile since the opening bell

Cyclical sectors like consumer discretionary, materials, and technology set the pace, while rate-sensitive groups like utilities and real estate lag

CBOE Volatility Index (VIX) drops after surging on Monday

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

04:30PM ET

[BRIEFING.COM] Stocks went on another roller coaster ride on Tuesday, but, unlike Monday, this ride left the major indices solidly higher.

The Dow Jones Industrial Average jumped 2.3%, the Nasdaq Composite climbed 2.1%, and the S&P 500 advanced 1.7%, ending near the top of their trading ranges, which were quite large; at its worst mark of the day, the S&P 500 was down 2.1% and, at its best, held a gain of 2.0%. The market was very volatile, weathering several sharp reversals.

Tuesday's advance put a sizable dent in Monday's decline, but the major averages are still solidly lower for the week, showing losses between 1.7% and 2.4%.

Nine of eleven sectors finished in positive territory, with cyclical groups setting the pace--a possible sign that investors are shifting their focus back to the fundamentals, including an upbeat economic growth outlook that is expected to translate into impressive earnings growth.

The top-weighted technology space (+2.8%) showed particular strength. Within the group, chipmakers were strong, evidenced by the 3.7% increase in the Philadelphia Semiconductor Index, after Micron (MU 43.88, +4.48) raised its profit and sales guidance for the current quarter; MU shares jumped 11.4%. Heavyweights like Apple (AAPL 163.03, +6.54), Microsoft (MSFT 91.33, +3.33), Facebook (FB 185.31, +4.05), and Alphabet (GOOGL 1084.43, +22.04) also had solid showings, adding between 2.1% and 4.2%.

General Motors (GM 41.86, +2.32) led the consumer discretionary sector (+2.5%) higher, climbing 5.9%, after reporting better-than-expected earnings for the fourth quarter and reaffirming its guidance for fiscal year 2018. The group's largest component by market cap--Amazon (AMZN 1442.84, +52.84)--also outperformed, adding 3.8%.

The materials sector (+2.8%) also had a solid day, with DowDuPont (DWDP 71.89, +4.05) rallying 6.0%.

On the downside, the rate-sensitive utilities (-1.5%) and real estate (-0.2%) sectors declined on Tuesday as Treasury yields bounced back from their overnight lows. Yields still settled mostly lower though, with the benchmark 10-yr yield slipping two basis points to 2.77%. The 10-yr yield was down as much as 14 basis points overnight.

Meanwhile, the CBOE Volatility Index (VIX 30.14, -7.18), often referred to as the "investor fear gauge," dropped 19.2% after surging more than 100% on Monday.

Elsewhere, equity indices in the Asia-Pacific region finished Tuesday lower, with Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite losing between 3.4% and 5.1%, as did the major European bourses; Germany's DAX, the UK's FTSE, and France's CAC lost between 2.2% and 2.8%.

In Washington, Politico reported that the Senate is nearing an agreement on a two-year spending deal that would increase spending levels for both domestic and defense programs. Congressional leaders are expected to stick said budget deal into a funding bill that the House plans to vote on tonight and get lawmakers to pass the combined measure before funding runs out at midnight on Thursday.

It's worth noting that these bills don't address immigration. Lawmakers expect to begin working on immigration after getting past the upcoming spending deadline.

Reviewing Tuesday's economic data, which included the December Trade Balance and the December Job Openings and Labor Turnover Survey:

The December trade balance showed a deficit of $53.1 billion (Briefing.com consensus -$52.3 billion). The November deficit was revised to $50.4 billion from $50.5 billion.
The December trade deficit was the largest since October 2008 and it revealed increased trade deficits with the European Union and China. The key takeaway from the report, then, is that it is apt to feed concerns about protectionist trade policies being adopted in an attempt to narrow those trade deficits.
The December Job Openings and Labor Turnover Survey showed that job openings decreased to 5.811 million from a revised 5.978 million (from 5.879 million) in November.

On Wednesday, the weekly MBA Mortgage Applications Index and December Consumer Credit (Briefing.com consensus $20.0 billion) will be released at 7:00 AM ET and 3:00 PM ET, respectively.

Nasdaq Composite: +3.1% YTD
S&P 500: +0.8% YTD
Dow Jones Industrial Average: +0.8% YTD
Russell 2000: -1.9% YTD

Dow: +567.02… | Nasdaq: +148.36… | S&P: +46.20…
NASDAQ Adv/Dec 1912/1095. …NYSE Adv/Dec 2161/865.

03:40PM ET

[BRIEFING.COM] Commodities end the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.39% at 88.1673
Dollar index is currently up 0.03% at 89.65.
Nov WTI crude is lower on the day.
API data due out at 4:30 ET
Futures trade $0.63 lower to $63.52/barrel.
In other energy, Nov natural gas trades up $0.011 at $2.758/MMBtu
On to metals:
Apr gold lost $13.10 to settle at $1323.40/oz, while Mar silver dropped $0.12 to $16.55/oz
Mar copper lost $0.0145 to $3.2075 /lb
Finally, agriculture:
Mar corn trades $0.046 higher at $3.634/bu.
Mar soy trades $0.172 higher at $9.87/bu.
Mar wheat trades $0.064 higher at $4.466/bu.

Dow: +538.62… | Nasdaq: +149.42… | S&P: +45.53…
NASDAQ Adv/Dec 792/404. …NYSE Adv/Dec 2190/821.

03:35PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 3.6% at 88.51
Dollar index is currently up 0.12% at 89.66
Mar WTI Crude is up 1.79% on the day.
Futures settle $1.15 higher to $65.3/barrel.
In other energy, Mar Natural Gas settled up $0.1 at $2.85/MMBtu
On the metals:
Apr Gold gained $0.9 to settle at $1337.4/oz, while Mar silver gained $0.04 to $16.71/oz
Mar Copper dropped $0.03 to $3.19/lb
Finally, agriculture:
Mar Corn settled down $0.03 at $3.61/bu.
Mar Soy settled down $0.075 at $9.785/bu.
Mar Wheat settled up $0.01 at $4.47/bu.

03:00PM ET

[BRIEFING.COM] The major stocks indices have spiked in recent trading and hold gains between 0.8% and 1.2% moving into the final stretch.

Looking ahead, Walt Disney (DIS 104.60, -0.09), Gilead Sciences (GILD 79.54, +1.17), Chipotle Mexican Grill (CMG 302.64, +2.34), and Snap (SNAP 13.97, +0.12) will report earnings following today's closing bell, while Hasbro (HAS 93.58, +2.25), Michael Kors (KORS 65.50, +1.45), and Trivago (TRVG 8.16, -0.04) are due to report tomorrow morning.

As for economic data, Wednesday will feature the weekly MBA Mortgage Applications Index and December Consumer Credit (Briefing.com consensus $20.0 billion); the two reports will be released at 7:00 AM ET and 3:00 PM ET, respectively.
Dow: +298.86… | Nasdaq: +86.95… | S&P: +22.32…
NASDAQ Adv/Dec 907/691. …NYSE Adv/Dec 1865/1138.

02:30PM ET

[BRIEFING.COM] Stocks are drifting near recent levels, with the S&P 500 showing a loss of 0.6%.

In Washington, Politico recently reported that the Senate is nearing an agreement on a two-year spending deal that would increase spending levels for both domestic and defense programs. Meanwhile, in the House, representatives are expected to vote tonight on a bill that would boost Pentagon spending over the next eight months without adding additional spending for non-defense programs, but the bill is expected to be dead on arrival in the Senate. Lawmakers must reach a deal by midnight on Thursday to avoid another government shutdown.

As for immigration, a debate could begin on the Senate floor as soon as this week.
Dow: -95.40… | Nasdaq: -11.97… | S&P: -17.53…
NASDAQ Adv/Dec 564/1168. …NYSE Adv/Dec 1329/1664.

01:55PM ET

[BRIEFING.COM] The major averages are back in negative territory, showing losses between 0.1% and 0.5%.

Wells Fargo (WFC 56.75, -1.41) is struggling for the second day in a row, losing 2.5%, after the Fed said on Friday evening that it's restricting the bank's growth until it improves its governance and controls. The heavily-weighted financial sector, which houses Wells Fargo, trades behind the broader market, down 0.9%.

Meanwhile, the energy group is down 1.6% as the price of crude oil declines for a third consecutive session; West Texas Intermediate crude futures are down 0.9% at $63.56 per barrel. Over the last three sessions, WTI crude futures have tumbled 3.4%.
Dow: -44.85… | Nasdaq: +2.88… | S&P: -11.09…
NASDAQ Adv/Dec 627/1243. …NYSE Adv/Dec 1332/1643.

01:30PM ET

[BRIEFING.COM] The major U.S. indices remain volatile in the wake of yesterday's drubbing, currently showing modest gains at this time.

A look inside the Dow Jones Industrial Average shows that DowDuPont (DWDP 70.04, +2.20), Home Depot (HD 187.50, +4.39), & Apple (AAPL 160.09, +3.60) are outperforming.

Conversely, Travelers (TRV 137.53, -3.99) is the worst-performing Dow component.

As stocks rebound from a multi-day sell-off, the DJIA is currently down 6.7% to start February.

Elsewhere, at the top of the hour, the Treasury's $26 bln 3-year auction drew a high yield of 2.28% on a bid-to-cover of 3.00.
Dow: +74.77… | Nasdaq: +36.40… | S&P: +0.82…
NASDAQ Adv/Dec 815/1131. …NYSE Adv/Dec 1466/1495.

01:00PM ET

[BRIEFING.COM] It's been another wild day on Wall Street.

Stocks have swung sharply, with the S&P 500 adding as much as 1.3% and losing as much as 2.1%, but things have calmed down a bit over the last few hours. The benchmark index is currently up 0.2%, which is a step behind the Dow Jones Industrial Average (+0.4%) and the Nasdaq Composite (+0.5%). The small-cap Russell 2000 is up 0.3%.

Today's performance follows a volatile outing on Monday and a sharp sell off on Friday; the S&P 500 lost 6.1% over those two sessions.

There are six sectors trading in the green and five groups trading in the red at midday. The cyclical consumer discretionary (+1.3%), materials (+1.4%), and technology (+1.2%) sectors are the top-performing groups, while the countercyclical utilities sector (-2.2%) hovers at the back of the pack.

Within the consumer discretionary sector, General Motors (GM 41.06, +1.52) shows particular strength, adding 3.8%, after reporting better-than-expected earnings for the fourth quarter and reaffirming its guidance for fiscal year 2018 this morning. Amazon (AMZN 1416.00, +26.11) is also outperforming, up 1.8%.

Meanwhile, the technology space has leaned on heavyweights like Apple (AAPL 160.29, +3.78) and Microsoft (MSFT 89.52, +1.48), which are up 2.3% and 1.7%, respectively, and chipmakers, which have pushed the PHLX Semiconductor Index higher by 1.7%. Micron (MU 42.43, +3.02) has jumped 7.7% after raising its profit and sales guidance for the current quarter.

In the bond market, U.S. Treasuries are rallying amid the risk-off sentiment, sending yields lower across the curve; the benchmark 10-yr yield is down two basis points at 2.77%. The 10-yr yield came into the week at a three-year high, but now trades eight basis points below that level.

Also of note, the CBOE Volatility Index (VIX 31.87, -5.20) has shed 13.9% after surging more than 100% on Monday. The VIX was up in pre-market trading though, touching its highest level since March 2009.

Reviewing Tuesday's economic data, which included the December Trade Balance and the December Job Openings and Labor Turnover Survey:

The December trade balance showed a deficit of $53.1 billion (Briefing.com consensus -$52.3 billion). The November deficit was revised to $50.4 billion from $50.5 billion.
The December trade deficit was the largest since October 2008 and it revealed increased trade deficits with the European Union and China. The key takeaway from the report, then, is that it is apt to feed concerns about protectionist trade policies being adopted in an attempt to narrow those trade deficits.
The December Job Openings and Labor Turnover Survey showed that job openings decreased to 5.811 million from a revised 5.978 million (from 5.879 million) in November.

Dow: +92.68… | Nasdaq: +36.96… | S&P: +3.09…
NASDAQ Adv/Dec 924/1079. …NYSE Adv/Dec 1532/1434.

12:30PM ET

[BRIEFING.COM] Equity indices are back in positive territory this afternoon--the Dow and the Nasdaq are up 0.5% apiece, while the S&P 500 trades higher by 0.2%.

The lightly-weighted materials sector has taken off today, climbing 1.0%, with DowDuPont (DWDP 70.32, +2.50) setting the pace; the chemical giant is up 3.7%. The consumer discretionary (+0.9%) and technology (+0.6%) sectors are also outperforming, but the utilities space is still struggling, down 2.6%.

Meanwhile, the CBOE Volatility Index (VIX 35.45, -1.87) has declined 5.2% today after surging more than 100% on Monday.
Dow: +146.42… | Nasdaq: +37.34… | S&P: +5.89…
NASDAQ Adv/Dec 1063/1055. …NYSE Adv/Dec 1549/1417.

11:55AM ET

[BRIEFING.COM] The major indices are mostly lower, although the Dow (+0.1%) just popped into the green. The Nasdaq and the S&P 500 are down 0.1% and 0.3%, respectively.

Chipmakers are having a good showing today, evidenced by the Philadelphia Semiconductor Index, which is up 1.1%. Micron (MU 41.72, +2.33) shows particular strength, adding 6.0%, after raising its guidance for the current quarter. Meanwhile, NVIDIA (NVDA 216.67, +3.02) is up 1.5% ahead of its earnings release on Thursday.

Elsewhere, the major European bourses finished Tuesday solidly lower, with Germany's DAX, the UK's FTSE, and France's CAC losing between 2.2% and 2.8%.
Dow: +48.25… | Nasdaq: -0.49… | S&P: -4.81…
NASDAQ Adv/Dec 801/1409. …NYSE Adv/Dec 1229/1717.

11:25AM ET

[BRIEFING.COM] Stocks continue trading in a volatile manner this morning. The S&P 500 is currently in the middle of its trading range, down 0.4%.

Nine sectors are trading lower--technology (-0.3%), industrials (-0.3%), consumer staples (-0.4%), financials (-0.5%), health care (-0.7%), energy (-0.9%), real estate (-1.1%), telecom services (-1.2%), and utilities (-3.3%)--while two are trading in the green--materials (+0.1%) and consumer discretionary (+0.4%).

Within the consumer discretionary space, Amazon (AMZN 1402.40, +12.40) has jumped 0.9%, while General Motors (GM 40.97, +1.43) has done even better, adding 3.5%, after reporting better-than-expected earnings for the fourth quarter and reaffirming its guidance for fiscal year 2018 this morning.
Dow: -77.09… | Nasdaq: -13.70… | S&P: -11.12…
NASDAQ Adv/Dec 777/1539. …NYSE Adv/Dec 1154/1762.

11:00AM ET

[BRIEFING.COM] It's been a wild day on Wall Street; the Dow Jones Industrial Average has traded within a 1000-point range, holding a gain of 1.5% at its best mark of the day and a loss of 2.3% at its worst. Just recently, the blue-chip average jumped 200 points in two minutes, going from -0.7% to its flat line. The Dow is currently down 0.1%.

DowDuPont (DWDP 69.10, +1.26), Home Depot (HD 186.64, +3.69), Chevron (CVX 114.51, +1.90), Cisco Systems (CSCO 39.27, +0.48), and Apple (AAPL 158.49, +2.12) are the top-performing components in the Dow, holding gains between 1.2% and 1.8%, while Merck (MRK 55.24, -1.17), Travelers (TRV 139.00, -2.52), Intel (INTC 43.48, -0.71), and Coca-Cola (KO 44.37, -0.52) are the worst-performers, showing losses between 1.2% and 1.8%.

Meanwhile, U.S. Treasuries are higher across the curve, sending yields lower for the second day in a row. The yield on the benchmark 10-yr Treasury note is down three basis points at 2.76% after losing six basis points on Monday, and the 2-yr yield is lower by one basis point at 2.07%.
Dow: -19.57… | Nasdaq: -5.78… | S&P: -5.18…
NASDAQ Adv/Dec 888/1494. …NYSE Adv/Dec 1211/1701.

10:30AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently lower 0.45% at 88.1131
Dollar index is currently up 0.36% at 89.87
Mar WTI crude is down 0.31% on the day.
API data due out at 4:30 pm ET
Futures are $0.20 lower to $63.95/barrel.
In other energy, Mar natural gas is down $0.03 at $2.72/MMBtu
Metals:
Apr gold lost $4.00 and trades at $1332.50/oz, while Mar silver lost $0.06 to $16.61/oz
Mar copper dropped 0.03 to $3.19/lb
Finally, agriculture:
Mar corn is up $0.03 at $3.62/bu.
Mar soy is up $0.09 at $9.785/bu.
Mar wheat is up $0.04 at $4.44/bu.

Dow: -117… | Nasdaq: -35.5… | S&P: -15.67…
NASDAQ Adv/Dec 988/1505. …NYSE Adv/Dec 1165/1701.

10:05AM ET

[BRIEFING.COM] Equity indices are all over the map in the opening minutes of today's session. The S&P 500 opened with a loss of around 1.0%, sprinted to its flat line, spiked to a gain of 1.0%, and then trimmed that gain to 0.8%. Meanwhile, the Dow is up 1.0%, and the Nasdaq is higher by 0.9%.

Just in, the December Job Openings and Labor Turnover Survey showed that job openings decreased to 5.811 million from a revised 5.978 million (from 5.879 million) in November.
Dow: +228.51… | Nasdaq: +63.29… | S&P: +19.34…
NASDAQ Adv/Dec 1630/996. …NYSE Adv/Dec 1707/1142.

09:40AM ET

[BRIEFING.COM] The major stock indices opened solidly lower, but quickly began trimming their losses; the S&P 500 is currently down 0.3% after opening with a loss of around 1.0%.

11 of 11 sectors are trading in the red. The utilities space is the weakest group, down 2.2%, while the top-weighted technology space shows relative strength, down 0.1%. Within the technology sector, Apple (AAPL 157.54, +1.02) is up 0.7%, Facebook (FB 181.90, +0.64) sports a gain of 0.3%, and Intel (INTC 44.40, +0.23) is higher by 0.3%.

As a reminder, today's last economic report--the December Job Openings and Labor Turnover Survey--will be released at 10:00 AM ET.
Dow: -87.27… | Nasdaq: -8.86… | S&P: -8.88…
NASDAQ Adv/Dec 906/1787. …NYSE Adv/Dec 678/2069.

09:15AM ET
[BRIEFING.COM] S&P futures vs fair value: -45.80. Nasdaq futures vs fair value: -66.50.

U.S. equities are on course to register big losses at the opening bell as the S&P 500 futures trade 46 points, or 1.7%, below fair value. After-hours trading has been very volatile; the S&P 500 futures have fluctuated between -0.4% and -4.4% since yesterday afternoon.

The bears have dominated the bulls over the last few sessions, pulling the S&P 500 and the Dow Jones Industrial Average into negative territory for the year; the two averages have lost 6.1% and 7.0%, respectively, since last Thursday.

Conversely, U.S. Treasuries are rallying, pulling yields down from multi-year highs; the yield on the benchmark 10-yr Treasury note is down three basis points at 2.76%, while the 2-yr yield trades lower by two basis points at 2.06%. It's worth noting that the two yields were significantly lower just an hour ago, hovering at 2.71% and 2.02%, respectively.

In earnings news, General Motors (GM 40.30, +0.76) has rallied 1.9% in pre-market trading after reporting better-than-expected earnings for the fourth quarter and reaffirming its guidance for fiscal year 2018.

On the data front, the December trade balance showed a deficit of $53.1 billion (Briefing.com consensus -$52.3 billion). The November deficit was revised to $50.4 billion from $50.5 billion. Today's last economic report--the December Job Openings and Labor Turnover Survey--will be released at 10:00 AM ET.

Walt Disney (DIS 102.40, -2.30), Gilead Sciences (GILD 77.84, -0.53), Chipotle Mexican Grill (CMG 294.00, -6.30), and Snap (SNAP 13.58, -0.27) will report earnings following today's closing bell.

08:51AM ET
[BRIEFING.COM] S&P futures vs fair value: -56.30. Nasdaq futures vs fair value: -95.80.

The S&P 500 futures trade 56 points, or 2.1%, below fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a broadly lower note following yesterday's after-hours collapse in some short volatility exchange-traded notes in the United States. The sudden concern for global equity markets was reflected by a drop in yields with Japan's 40-yr bond yield falling one basis point to 0.95%, its lowest level in almost a year. Bank of Japan Governor Haruhiko Kuroda, who testified before parliament, said the central bank does not comment on daily moves in the stock market and that Japanese equities are being impacted by moves in the U.S. Bank of Korea Governor Lee Ju-yeol said his central bank will monitor the impact of U.S. equity markets on domestic markets. The Reserve Bank of Australia kept its key interest rate at 1.50%, as expected.

In economic data:
Australia's December trade deficit AUD1.36 billion (expected deficit of AUD250 million; last deficit of AUD36 million. December Imports +6.0% month-over-month (last 1.0%) and December Exports +2.0% month-over-month (last -3.0%). December Retail Sales -0.5% month-over-month (expected -0.2%; last 1.3%); Q4 Retail Sales +0.9% quarter-over-quarter (expected 0.8%; last 0.1%)

---Equity Markets---

Japan's Nikkei lost 4.8%, returning to levels from mid-October. Nippon Electric Glass dove 12.5% while Yaskawa Electric, NSK, Tosoh, JTEKT, SUMCO, Bridgestone, J Front Retailing, TOTO, and Familymart lost between 5.7% and 7.7%.
Hong Kong's Hang Seng fell 5.1%, dropping to levels last seen at the start of January. The index suffered from broad-based losses with Geely Automobile, China Overseas, Tencent Holdings, ICBC, Bank of China, AAC Technologies, China Life Insurance, Ping An Insurance, and CNOOC surrendering between 5.4% and 8.6%.
China's Shanghai Composite dropped 3.4%. Jianmin Pharmaceutical, Shanghai Jinjiang International Hotels Development, Tibet Urban Investment, Lucky Film, and Shanghai Tongda Venture Capital all lost near the limit, 10.0%.
India's Sensex ended lower by 1.6%. Lupin and Tata Motors posted respective losses of 5.9% and 5.5% while Tata Consultancy, Infosys, Wipro, Reliance Industries, Bajaj Auto, and Maruti Suzuki lost between 1.2% and 3.6%.

Major European indices trade lower across the board. There is still no coalition deal in Germany, but Chancellor Angela Merkel said that her party is willing to make "painful concessions" in order to secure a deal with SPD. Reports from the UK indicate Britain may have to abide by as many as 40 EU directives during the two-year transition period. Bundesbank President and ECB member Jens Weidmann said that complacency is the biggest risk in the Euro area.

In economic data:
Eurozone Retail PMI 50.8 (last 53.0)
Germany's December Factory Orders +3.8% month-over-month (expected 0.7%; last -0.1%)
France's Q1 Industrial Investment +4.0% (last 4.0%) and December government budget deficit EUR67.80 billion (last deficit of EUR84.70 billion)

---Equity Markets---

Germany's DAX is down 2.5%. Commerzbank is the weakest performer, falling 4.9%, while Deutsche Bank and Allianz are down 3.8% and 3.3%, respectively. Heavyweights like Merck, Bayer, Volkswagen, SAP, BASF, and Adidas show losses between 1.8% and 3.0%.
UK's FTSE has slid 1.9%. Financials are among the weakest performers with Standard Life, Standard Chartered, Prudential, Provident Financial, HSBC, Barclays, Aviva, and Lloyds Banking falling between 2.2% and 4.2%.
France's CAC has dropped 2.7%. ArcelorMittal is down 4.2% while BNP Paribas, Societe Generale, Credit Agricole, and AXA hold losses between 3.2% and 3.7%. TechnipFMC, Kering, Renault, Total, and Peugeot are down between 3.2% and 4.5%.

08:32AM ET
[BRIEFING.COM] S&P futures vs fair value: -68.50. Nasdaq futures vs fair value: -124.50.

The S&P 500 futures trade 69 points, or 2.6%, below fair value.

Just in, the December trade balance showed a deficit of $53.1 billion (Briefing.com consensus -$52.3 billion). The November deficit was revised to $50.4 billion from $50.5 billion.

08:02AM ET
[BRIEFING.COM] S&P futures vs fair value: -52.50. Nasdaq futures vs fair value: -97.00.

The S&P 500 futures were volatile overnight--fluctuating between -0.4% and -4.4%--following yesterday's big sell off, which saw the Dow's largest intraday point loss in history (1,597). The S&P 500 futures are currently trading 53 points, or 2.0%, below fair value.

Overseas, equity indices in the Asia-Pacific region followed Wall Street's lead on Tuesday, with Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite losing between 3.4% and 5.1%, while the major European bourses are also trading solidly lower, showing losses of at least 2.5% apiece.

This recent wave of selling started with some sizable losses at the beginning of last week and picked up with a particularly notable drop on Friday. Monday's decline approximately doubled Friday's, however, and took the S&P 500 and the Dow into negative territory for the year; the two averages now hold year-to-date losses of 0.9% and 1.5%, respectively, after holding year-to-date gains of around 7.5% apiece less than two weeks ago.

In the bond market, the risk-off sentiment has sent U.S. Treasuries higher across the board, pulling yields down from multi-year highs. The yield on the benchmark 10-yr Treasury note is down eights basis points at 2.71% after losing six basis points on Monday. Meanwhile, the 2-yr yield is down six basis points at 2.02% after also losing six basis points on Monday, and the 30-yr yield is down seven basis points, hovering at the psychologically important 3.00% mark.

The CBOE Volatility Index (VIX 49.21, +11.89) has spiked 265% since last Thursday, hitting its highest level since March 2009.

On the data front, investors will receive two economic reports today--the December Trade Balance (Briefing.com consensus -$52.3 billion) and the December Job Openings and Labor Turnover Survey--which will be released at 8:30 AM ET and 10:00 AM ET, respectively.

In U.S. corporate news:

General Motors (GM 40.00, +0.46): +1.2% after reporting better-than-expected earnings.
Cirrus Logic (CRUS 49.75, -5.14): -11.5% after missing earnings and revenue estimates and issuing below-consensus revenue guidance.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a broadly lower note following yesterday's after-hours collapse in some short volatility exchange-traded notes in the United States. Japan's Nikkei -4.8%, Hong Kong's Hang Seng -5.1%, China's Shanghai Composite -3.4%, India's Sensex -1.6%.
In economic data:
Australia's December trade deficit AUD1.36 billion (expected deficit of AUD250 million; last deficit of AUD36 million. December Imports +6.0% month-over-month (last 1.0%) and December Exports +2.0% month-over-month (last -3.0%). December Retail Sales -0.5% month-over-month (expected -0.2%; last 1.3%); Q4 Retail Sales +0.9% quarter-over-quarter (expected 0.8%; last 0.1%)
In news:
The sudden concern for global equity markets was reflected by a drop in yields with Japan's 40-yr bond yield falling one basis point to 0.95%, its lowest level in almost a year.
Bank of Japan Governor Haruhiko Kuroda, who testified before parliament, said the central bank does not comment on daily moves in the stock market and that Japanese equities are being impacted by moves in the U.S.
Bank of Korea Governor Lee Ju-yeol said his central bank will monitor the impact of U.S. equity markets on domestic markets.
The Reserve Bank of Australia kept its key interest rate at 1.50%, as expected.

Major European indices trade lower across the board. Germany's DAX -2.5%, UK's FTSE -2.5%, France's CAC -2.7%.
In economic data:
Eurozone Retail PMI 50.8 (last 53.0)
Germany's December Factory Orders +3.8% month-over-month (expected 0.7%; last -0.1%)
France's Q1 Industrial Investment +4.0% (last 4.0%) and December government budget deficit EUR67.80 billion (last deficit of EUR84.70 billion)
In news:
There is still no coalition deal in Germany, but Chancellor Angela Merkel said that her party is willing to make "painful concessions" in order to secure a deal with SPD.
Reports from the UK indicate Britain may have to abide by as many as 40 EU directives during the two-year transition period.
Bundesbank President and ECB member Jens Weidmann said that complacency is the biggest risk in the Euro area.


06:19AM ET
[BRIEFING.COM] S&P futures vs fair value: -40.30. Nasdaq futures vs fair value: -77.00.

06:19AM ET
[BRIEFING.COM] Nikkei...21610...-1071.80...-4.70%. Hang Seng...30595.42...-1649.80...-5.10%.

06:19AM ET
[BRIEFING.COM] FTSE...7209.11...-125.90...-1.70%. DAX...12462.72...-224.80...-1.80%.

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.

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)
Image@ http://twitter.com/wrbtrader Image@ http://stocktwits.com/wrbtrader

http://www.thestrategylab.com
Phone: +1 708 572-4885
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