TheStrategyLab.com Free Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods
It is currently Fri Sep 21, 2018 2:33 am

All times are UTC - 5 hours




Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: Feb 7th Wed Price Action Trade Result - Profit $4512.50
PostPosted: Thu Feb 08, 2018 12:16 am 
Offline
Site Admin

Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3231
Location: Canada
Image

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)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)

Attachment:
020718-wrbtrader-Price-Action-Trading-Broker-PnL-Statement-Profit+4512.50.png
020718-wrbtrader-Price-Action-Trading-Broker-PnL-Statement-Profit+4512.50.png [ 73.8 KiB | Viewed 11 times ]

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 @ $4,512.50 dollars or +90.25 points, Light Crude Oil CL ($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 @ $4,512.50 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=2748

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.

Attachment:
020718-Key-Markets.png
020718-Key-Markets.png [ 861.2 KiB | Viewed 12 times ]

click on the above image to view today's price action of key markets


The Market at 04:30PM ET
Dow: -19.42… | Nasdaq: -63.90… | S&P: -13.48…
NASDAQ Vol: 2.3 bln… Adv: 1550… Dec: 1410…
NYSE Vol: 1.14 bln… Adv: 1568… Dec: 1399…

Moving the Market

Volatility high for the third session in a row as stocks attempt to gain their footing

Top-weighted technology sector underperforms, keeps broader market in check

Industrials rally around Boeing (BA), which is approaching record territory

Energy shares under pressure as crude oil drops to one-month low

Sector Watch
Strong: Financials, Industrials, Telecom Services
Weak: Energy, Technology

04:30PM ET

[BRIEFING.COM] Stocks endured another choppy trading session on Wednesday, settling in negative territory at their worst marks of the day.

The Dow Jones Industrial Average slipped 0.1%, but settled ahead of the other major indices as the price-weighted average's most influential component--Boeing (BA 348.12, +7.21)--jumped 2.1%.

The aerospace giant was helped by news from Washington, where Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) have agreed to a budget deal that would lift spending caps and raise defense and non-defense spending by approximately $160 billion and $130 billion, respectively, over the next two years.

However, it's unclear if the bill has enough support to pass in the House, where the House Freedom Caucus might protest the spending increase, forcing Republicans to lean on Democratic support. House Minority Leader Nancy Pelosi (D-CA) has vowed to oppose a spending deal unless she is guaranteed a vote on immigration.

The S&P 500 lost 0.5% on Wednesday, with just three of its eleven sectors settling in the green--industrials (+0.3%), financials (+0.2%), and telecom services (+0.3%). The consumer discretionary sector (-0.3%) finished in the red, but outpaced the the broader market, with Hasbro (HAS 102.22, +8.29) setting the pace; the toymaker spiked 8.8% to a six-month high after reporting better-than-expected earnings for the fourth quarter.

In other earnings news, Snap (SNAP 20.75, +6.69) surged 47.6%, hitting an eight-month high, after reporting better-than-expected earnings, revenues, and daily active users (DAUs). Conversely, Walt Disney (DIS 104.76, -1.41) dropped 1.3% despite beating profit estimates, and Chipotle Mexican Grill (CMG 272.21, -32.12) tumbled 10.6% after its quarterly results showed a decline in customers--likely due to multiple instances of food poisoning over the last couple of years.

In other corporate news, Wynn Resorts (WYNN 177.32, +14.10) rallied 8.6% after Steve Wynn resigned from his position as CEO following reports of sexual misconduct.

At the opposite end of the sector standings, the top-weighted technology sector (-1.4%) struggled on Wednesday, with heavyweights like Apple (AAPL 159.54, -3.49), Microsoft (MSFT 89.61, -1.72), Facebook (FB 180.18, -5.13), and Alphabet (GOOGL 1055.41, -29.02) losing between 1.9% and 2.8%. Chipmakers also weighed on the tech sector, sending the Philadelphia Semiconductor Index lower by 2.2%.

Unsurprisingly, the tech-heavy Nasdaq was the weakest of the three major indices, settling with a loss of 0.9%.

The only sector to finish behind technology was the energy group, which lost 1.7% as crude oil tumbled for the fourth session in a row; West Texas Intermediate crude futures dropped 2.5% to $61.80 per barrel, hitting a one-month low. The commodity suffered amid a strengthening U.S. dollar--the U.S. Dollar Index increased 0.8% to 90.23--and following the government's weekly crude inventory report, which showed that U.S. crude stockpiles increased 1.9 million barrels last week.

In the bond market, U.S. Treasuries were under heavy pressure, pushing the benchmark 10-yr yield higher by seven basis to 2.84%; the 10-yr yield now trades just one basis point below the three-year high it hit last Friday. Meanwhile, the 2-yr yield also climbed on Wednesday, jumping four basis points to 2.13%.

Trading was volatile once again today, with the S&P 500 fluctuating between 2681.66 (-0.5%) and 2727.67 (+1.2%)--a 46-point range.

Reviewing Wednesday's economic data, which was limited to December Consumer Credit and the weekly MBA Mortgage Applications Index:

The Consumer Credit report for December showed an increase of $18.4 billion (Briefing.com consensus $20.0 billion). November credit growth was revised to $31.0 billion from $28.0 billion.
The weekly MBA Mortgage Applications Index increased 0.7% to follow last week's 2.6% decline.

On Thursday, investors will receive the weekly Initial Claims report (Briefing.com consensus 234K) at 8:30 AM ET.

Nasdaq Composite: +2.2% YTD
Dow Jones Industrial Average: +0.7% YTD
S&P 500: +0.3% YTD
Russell 2000: -1.8% YTD

Dow: -19.42… | Nasdaq: -63.90… | S&P: -13.48…
NASDAQ Adv/Dec 1550/1410. …NYSE Adv/Dec 1568/1399.

03:35PM ET

[BRIEFING.COM] Commodities end the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 1.16% at 87.148
Dollar index is currently up 0.81% at 90.31
Mar WTI Crude is down 2.46% on the day.
Crude oil inventories had a build of 1.9 mln barrels
Futures settle $1.56 lower to $61.8/barrel.
In other energy, Mar Natural Gas settled down $0.06 at $2.7/MMBtu
On the metals:
Apr Gold lost $13.10 to settle at $1316.40/oz, while Mar silver lost $0.27 to $16.31/oz
Mar Copper dropped $0.10 to $3.09/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.65/bu.
Mar Soy settled up $0.0125 at $9.8425/bu.
Mar wheat settled flat at $4.61/bu.

Dow: +234.99… | Nasdaq: -7.1… | S&P: +12.2…
NASDAQ Adv/Dec 1338/696. …NYSE Adv/Dec 1936/1039.

03:05PM ET

[BRIEFING.COM] The major averages are mixed moving into the final stretch; the Dow and the S&P 500 are up 0.5% and 0.2%, respectively, while the Nasdaq is down 0.4%.

Just in, the Consumer Credit report for December showed an increase of $18.5 billion (Briefing.com consensus $20.0 billion). November credit growth was revised to $31.0 billion from $28.0 billion.
Dow: +96.08… | Nasdaq: -41.45… | S&P: -0.60…
NASDAQ Adv/Dec 1184/943. …NYSE Adv/Dec 1779/1191.

02:30PM ET

[BRIEFING.COM] The major averages are still mixed, with the S&P 500 sporting a gain of 0.3%.

Looking ahead, 21st Century Fox (FOXA 36.70, -0.09), Tesla (TSLA 341.58, +7.61), Prudential (PRU 111.62, +0.63), Allstate (ALL 97.20, +0.60), O'Reilly (ORLY 252.57, -2.32), and Take-Two (TTWO 118.49, +0.22) will report earnings following today's closing bell.

Then, tomorrow morning, Philip Morris (PM 100.03, -0.31), CVS Health (CVS 75.11, +1.09), Tyson Foods (TSN 73.82, -0.37), Yum! Brands (YUM 81.13, +0.55), Kellogg (K 65.13, -0.03), and Twitter (TWTR 26.49, +1.25) will deliver their quarterly results.

As a reminder, December Consumer Credit (Briefing.com consensus $20.0 billion) will be released at 3:00 PM ET.
Dow: +166.58… | Nasdaq: -7.96… | S&P: +8.59…
NASDAQ Adv/Dec 1343/881. …NYSE Adv/Dec 1905/1062.

01:55PM ET

[BRIEFING.COM] The major averages have given back a good portion of their earlier gains, with the Nasdaq (-0.3%) slipping into the red.

In Washington, Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) have agreed to a budget deal that would lift spending caps and raise defense and non-defense spending by approximately $160 billion and $130 billion, respectively, over the next two years. However, the deal does not include a DACA provision, which may prove to be a problem in the House as House Minority Leader Nancy Pelosi (D-CA) has vowed to oppose a spending deal unless she is guaranteed a vote on immigration.

U.S. Treasuries have slipped to fresh session lows, sending the 10-yr yield to 2.83%, which is just two basis points below the three-year high it touched on Friday. Meanwhile, the 2-yr yield is up four basis points at 2.13%.
Dow: +120.66… | Nasdaq: -25.37… | S&P: +2.92…
NASDAQ Adv/Dec 1229/1051. …NYSE Adv/Dec 1821/1132.

01:30PM ET

[BRIEFING.COM] Volatility continues to dominate the broader market with the major U.S. indices having surrendered a majority of their gains over the last hour.

A look inside the Dow Jones Industrial Average shows that Wal-Mart (WMT 102.74, +1.84), United Technologies (UTX 132.15, +2.34), & Boeing (BA 346.82, +5.61) are outperforming. Wal-Mart is benefiting from relative strength in consumer staples, while United Technologies and Boeing are advancing after the Senate leadership reached a deal for a two year budget that proposes to increase defense spending by $80 bln this year.

Conversely, Apple (AAPL 159.67, -3.36) is the worst-performing Dow component as technology lags in today's session.

At current levels, the DJIA is down 2.05% this week.

Elsewhere, at the top of the hour, the Treasury's $24 bln 10-year auction drew a high yield of 2.811% on a bid-to-cover of 2.34.
Dow: +30.44… | Nasdaq: -47.30… | S&P: -2.69…
NASDAQ Adv/Dec 1167/1143. …NYSE Adv/Dec 1712/1241.

01:00PM ET

[BRIEFING.COM] Stocks have steadied today following volatile sessions on Monday and Tuesday, but there is still a lingering feeling of uncertainty.

The S&P 500 is up 0.5%, hovering in the middle of its trading range, but the underperformance of its top-weighted technology sector (-0.3%) has kept a lid on any bullish sentiment. Meanwhile, the tech-heavy Nasdaq Composite is a tick lower, down 0.1%, while the Dow Jones Industrial Average shows relative strength, up 0.9%.

Within the tech space, heavyweights like Apple (AAPL 160.88, -2.15), Microsoft (MSFT 90.79, -0.55), Facebook (FB 182.94, -2.37), and Alphabet (GOOGL 1066.35, -18.07) are struggling, losing between 0.7% and 1.6%, after outperforming on Tuesday. Chipmakers have also given back some of their Tuesday gains, sending the Philadelphia Semiconductor Index lower by 0.8%.

On a positive note, Snap (SNAP 19.15, +5.08), the parent company of the social media app Snapchat, has soared 36.1% to its best level since June after reporting better-than-expected earnings, revenues, and daily active users (DAUs) for its latest quarter.

In total, nine of eleven sectors are trading in the green. The industrial space (+1.2%) is among the top-performers as Boeing (BA 350.46, +9.55) moves towards record territory, adding 2.9%. The consumer discretionary space (+0.9%) is also trading ahead of the broader market following earnings reports from several of its components.

Hasbro (HAS 100.72, +6.77) and Michael Kors (KORS 67.64, +2.13) are up 6.9% and 3.2%, respectively, after reporting better-than-expected profits; Michael Kors also reported better-than-expected sales. Meanwhile, Walt Disney (DIS 106.02, -0.15) is relatively flat after beating earnings estimates, while Chipotle Mexican Grill (272.09, -32.23) has dropped 10.6% after its quarterly results showed a decline in customers, likely due to a poor food safety reputation following multiple instances of food poisoning.

In other corporate news, Wynn Resorts (WYNN 175.61, +12.39) has rallied 7.5% after Steve Wynn resigned from his position as CEO following reports of sexual misconduct.

Elsewhere, West Texas Intermediate crude futures are down 2.9% at $61.55 per barrel after the latest inventory report from the Department of Energy showed that U.S. crude stockpiles increased 1.9 million barrels last week. The energy sector is the weakest of the 11 groups, showing a loss of 0.8%.

On the data front, the weekly MBA Mortgage Applications Index increased 0.7% to follow last week's 2.6% decline. Today's last economic report--December Consumer Credit (Briefing.com consensus $20.0 billion)--will be released at 3:00 PM ET.
Dow: +208.03… | Nasdaq: -8.38… | S&P: +13.16…
NASDAQ Adv/Dec 1461/1005. …NYSE Adv/Dec 1987/963.

12:25PM ET

[BRIEFING.COM] The major averages haven't changed much since the last update; the S&P 500 is still up 0.8%.

West Texas Intermediate crude futures have extended their losses to 2.5% this afternoon, helping fuel a sell off in energy shares; the S&P 500's energy sector is the only group trading in the red, down 0.3%. Dow components Exxon Mobil (XOM 78.27, -0.07) and Chevron (CVX 117.15, -0.03) hold losses of 0.1% apiece.

In the bond market, U.S. Treasuries have continued selling off, pushing the 10-yr yield to 2.80% after it closed Tuesday at 2.77%. Meanwhile, the yield on the 2-yr Treasury note is up four basis points at 2.13%.
Dow: +274.69… | Nasdaq: +20.67… | S&P: +20.70…
NASDAQ Adv/Dec 1592/940. …NYSE Adv/Dec 2039/880.

11:55AM ET

[BRIEFING.COM] Stocks are drifting near the top of their trading ranges, with the S&P 500 sporting a gain of 0.7%.

Chicago Fed President Charles Evans said earlier today that he favors putting monetary policy on hold until midyear, or later, to better assess incoming inflation data. However, Mr. Evans is a noted dove and does not have a vote on this year's Federal Open Market Committee.

The CME FedWatch Tool still points to a rate hike in March, with an implied probability of 71.9%, virtually unchanged from yesterday's 70.5%.

In Europe, the major bourses finished Wednesday on a higher note, adding between 1.7% and 1.9%. In Germany, Chancellor Angela Merkel's CDU/CSU reached an agreement on a coalition government with SPD following a lengthy negotiation. The deal could end months of political gridlock.
Dow: +255.98… | Nasdaq: +18.77… | S&P: +19.00…
NASDAQ Adv/Dec 1460/1117. …NYSE Adv/Dec 1900/1009.

11:25AM ET

[BRIEFING.COM] The major indices touched new session highs in recent trading. The S&P 500 is up 1.0%, cutting its week-to-date loss to 1.5%.

All 11 sectors are trading in positive territory this morning, with industrials (+1.8%) setting the pace. Within the industrial group, Dow component Boeing (BA 353.21, +12.30) has jumped 3.6%, attempting to restart its impressive new year rally; BA shares jumped 19.0% in the first two and a half weeks of 2018.

Meanwhile, Weight Watchers (WTW 71.93, +8.92) has spiked 15.1% after announcing plans to top $2 billion in annual revenue by 2020--which is more than a 50% increase relative to last year's sales. Today's jump places WTW shares at their best level since May 2012.
Dow: +316.28… | Nasdaq: +42.71… | S&P: +25.95…
NASDAQ Adv/Dec 1643/987. …NYSE Adv/Dec 2025/868.

11:00AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.26% at 87.939
Dollar index is currently up 0.41% at 90.05.
Mar WTI crude is down on the day.
Crude oil inventories had a build of 1.9 mln barrels
Futures opened $0.71 lower to $6.68/barrel.
In other energy, Mar natural gas opened down $0.05 at $2.71/MMBtu
On to metals:
Apr gold opened down $4.70 to at $1322.20/oz, while Mar silver opened down $0.16 to $16.42/oz
Mar copper opened down $0.05 to $3.12/lb
Finally, agriculture:
Mar corn opened up $0.01 at $3.645/bu.
Mar soy opened down $0.005 at $9.8575/bu
Mar wheat opened up $0.05 at $4.51/bu.

Dow: +249.56… | Nasdaq: +27.62… | S&P: +20.25…
NASDAQ Adv/Dec 1668/1004. …NYSE Adv/Dec 2061/817.

10:55AM ET

[BRIEFING.COM] Equities have extended their gains this morning and currently trade near their best marks of the day. The Dow Jones Industrial Average is up 1.0%, while the S&P 500 and the Nasdaq Composite sport gains of 0.7% and 0.3%, respectively. The small-cap Russell 2000 is lower however, down 0.1%.

The Department of Energy released its weekly crude inventory report about 30 minutes ago, showing that U.S. crude stockpiles increased 1.9 million barrels last week. The reading was contrary to the 1.1 million barrel draw that the American Petroleum Institute reported last night, but was below the consensus estimate, which called for a build of 3.2 million barrels. West Texas Intermediate crude futures have extended their losses from 0.3% to 1.5% following the release and are currently trading at $62.45 per barrel.

Meanwhile, the energy sector has trimmed its gain from 1.0% to 0.3% following the release. However, within the group, Pioneer Natural Resources (PXD 177.86, +3.91) and Anadarko Petroleum (APC 59.60, +2.11) are still going strong, up 2.2% and 3.7%, respectively, after reporting better-than-expected earnings and revenues for the fourth quarter on Tuesday evening.
Dow: +245.14… | Nasdaq: +26.96… | S&P: +19.53…
NASDAQ Adv/Dec 1638/1039. …NYSE Adv/Dec 2063/801.

09:55AM ET

[BRIEFING.COM] Equity indices are still mostly higher, with the tech-heavy Nasdaq (-0.2%) showing relative weakness.

The energy sector (+1.0%) is the top-performing group this morning, climbing in tandem with West Texas Intermediate crude futures, which have jumped 0.5% to $63.74 per barrel despite being down in pre-market trading. The Energy Information Administration will release its weekly crude inventory report at 10:30 AM ET.

Meanwhile, the top-weighted technology sector (-0.5%) is still the weakest group. Within the tech space, chipmakers show particular weakness, pushing the Philadelphia Semiconductor Index lower by 0.9%. Micron (MU 42.90, -0.98) is down 2.1% after spiking 11.4% on Tuesday.
Dow: +107.55… | Nasdaq: -8.47… | S&P: +7.51…
NASDAQ Adv/Dec 1448/1194. …NYSE Adv/Dec 1902/900.

09:45AM ET

[BRIEFING.COM] The major stock indices are mostly higher in the opening minutes, ignoring equity futures, which pointed to a solidly lower open in after-hours trading. The Dow Jones Industrial Average is up 0.4%, the S&P 500 is higher by 0.3%, and the Nasdaq Composite is down 0.1%.

Most sectors are trading in the green, however, the technology sector is not. The tech group, which is the largest sector by weight, is down 0.5% with Apple (AAPL 161.64, -1.37), Microsoft (MSFT 90.40, -0.93), Facebook (FB 183.34, -1.97), and Alphabet (GOOGL 1074.15, -6.45) giving back some of their Tuesday gains; the four tech giants hold losses between 1.0% and 1.6%.

Meanwhile, the lightly-weighted utilities (+0.9%) and real estate (+0.9%) sectors are the top-performing groups after finishing at the back of the pack on Tuesday.
Dow: +67.82… | Nasdaq: -12.51… | S&P: +7.28…
NASDAQ Adv/Dec 1496/1149. …NYSE Adv/Dec 1929/807.

09:11AM ET
[BRIEFING.COM] S&P futures vs fair value: -15.00. Nasdaq futures vs fair value: -42.00.

The stock market is set to open today's session in the red as the S&P 500 futures are trading 15 points, or 0.6%, below fair value.

In earnings news, Walt Disney (DIS 108.21, +2.11) is up 2.0%, Snap (SNAP 17.16, +3.10) is up 22.1%, and Michael Kors (KORS 70.75, +5.31) is up 8.1% after reporting better-than-expected profits; Snap and Michael Kors also beat revenue estimates, and Snap reported above-consensus daily active users (DAUs). Conversely, Chipotle Mexican Grill (CMG 276.00, 28.33) is down 9.3% despite beating earnings estimates, and Hasbro (HAS 89.22, -4.71) has dropped 5.0% after reporting below-consensus revenues.

Meanwhile, Wynn Resorts (WYNN 176.60, +13.38) is up 8.2% after Steve Wynn resigned from his position as CEO following reports of sexual misconduct.

In the bond market, U.S. Treasuries have been ticking higher in recent action, pushing yields down to their unchanged marks. The benchmark 10-yr yield was trading at 2.80% about an hour ago, but now trades flat at 2.77%. The 2-yr yield is also flat, hovering at 2.09%.

West Texas Intermediate crude futures are down 0.3% at $63.19 per barrel, on track for their fourth consecutive decline, after the American Petroleum Institute reported that U.S. crude inventories declined by 1.1 million barrels last week. The official government figures will be released at 10:30 AM ET.

On the data front, the weekly MBA Mortgage Applications Index, which was released earlier this morning, increased 0.7% to follow last week's 2.6% decline. Today's last economic report--December Consumer Credit (Briefing.com consensus $20.0 billion)--will be released at 3:00 PM ET.

08:51AM ET
[BRIEFING.COM] S&P futures vs fair value: -14.50. Nasdaq futures vs fair value: -39.80.

The S&P 500 futures trade 15 points, or 0.5%, below fair value.

Equity indices in the Asia-Pacific region ended the midweek session on a mixed note. Reports from China indicate that banks have raised mortgage rates in several cities. Separate headlines noted that China has filed new challenges with the World Trade Organization, complaining about U.S. tariffs on solar panels and washing machines. Roughly 70% of South Korean businesses are expected to pay Lunar New Year bonuses.

In economic data:
New Zealand's Q4 Employment Change 0.5% quarter-over-quarter (expected 0.4%; last 2.2%). Q4 Unemployment Rate 4.5% (expected 4.7%; last 4.6%).
Australia's January's AIG Construction Index 54.3 (last 52.8)
Japan's Average Cash Earnings +0.7% year-over-year (expected 0.7%; last 0.9%). December Leading Index 107.9 (expected 108.1; last 108.3)

---Equity Markets---

Japan's Nikkei settled higher by 0.2% after spending the session in a steady retreat off its opening high. SUMCO, Mitsubishi Heavy Industries, Daiichi Sankyo, Softbank, Furukawa, Komatsu, Hino Motors, Shiseido, Kikkoman, and Panasonic posted gains between 2.2% and 6.7%.
Hong Kong's Hang Seng surrendered its opening gain to end lower by 0.9%. China Resources Land dropped 8.4% while China Overseas, Wharf Holdings, China Construction Bank, Sino Land, SHK Properties, and Henderson Land lost between 1.3% and 5.4%.
China's Shanghai Composite lost 1.8%. Furen Pharmaceutical Group Industry, Gemdale, China Fortune Land Development, Heilan Home, and Zhonglu fell between 8.7% and 10.0%.
India's Sensex slipped 0.3%. Wipro and Tata Consultancy hold respective losses of 1.9% and 1.3% while Infosys settled flat. Financials were also mixed as HDFC Bank and AXIS Bank lost a respective 1.4% and 1.0% while ICICI Bank and SBI both added near 0.4%.

Major European indices trade on a higher note. A coalition deal has finally been reached in Germany after lengthy negotiations. Chancellor Angela Merkel's party had to make considerable concessions, meaning SPD representatives will oversee the finance ministry, the foreign ministry, and the labor ministry. Reports indicate that the European Union will ask the UK for a larger separation payment than what was agreed to last year. UK's NIESR expects that domestic growth will hit 1.7% in 2018 and 1.9% in 2019.

In economic data:
UK's January Halifax House Price Index -0.6% month-over-month (expected 0.2%; last -0.8%); +2.2% year-over-year (consensus 2.4%; last 2.7%)
Germany's December Industrial Production -0.6% month-over-month (expected -0.4%; last 3.1%)
Italy's December Retail Sales -0.3% month-over-month (expected -0.4%; last 0.9%); -0.1% year-over-year (last 1.4%)
France's December trade deficit EUR3.50 billion (expected deficit of EUR4.90 billion; last deficit of EUR5.60 billion)

---Equity Markets---

France's CAC is higher by 0.6% with consumer names in the lead. Kering, Louis Vuitton, and L'Oreal are up between 1.0% and 2.9% while automakers Peugeot and Renault hold respective gains of 1.7% and 1.1%.
Germany's DAX trades up 0.8% amid broad strength. Prosiebensat, Adidas, Deutsche Boerse, Volkswagen, Commerzbank, Daimler, and Continental sport gains between 1.3% and 4.0%. Deutsche Bank is the weakest performer, falling 2.8%.
UK's FTSE has spiked 1.0%. Financials like Provident Financial, Old Mutual, Prudential, and Barclays show gains between 1.5% and 5.4% while select consumer names also outperform. Burberry, Taylor Wimpey, Sainsbury, Dixons Carphone, Persimmon, Carnival, and British American Tobacco are up between 0.9% and 5.1%.


08:30AM ET
[BRIEFING.COM] S&P futures vs fair value: -11.50. Nasdaq futures vs fair value: -38.30.

The S&P 500 futures trade 12 points, or 0.4%, below fair value.

West Texas Intermediate crude futures peaked with the stock market on January 26, capping off a largely uninterrupted six-week rally by closing at their best level in three years ($66.14/bbl). However, since spiking 16.9% from December 13 to January 26, WTI crude futures have declined 4.6%, and the energy sector has dropped 9.9%; for comparison, the S&P 500 has lost 6.2% since January 26.

The Department of Energy will release its weekly crude inventory report at 10:30 AM ET. The American Petroleum Institute reported on Tuesday evening that U.S. crude stockpiles declined by 1.1 million barrels last week, but the API reading often deviates, sometimes sharply, from the official government figures.

WTI crude futures are currently down 0.3% at $63.23/bbl.

08:00AM ET
[BRIEFING.COM] S&P futures vs fair value: -12.80. Nasdaq futures vs fair value: -40.50.

Equity futures endured another volatile night of trading, with the S&P 500 futures dropping as much as 1.3% below fair value.

The S&P 500 futures are currently 13 points, or 0.5%, below fair value, putting stocks on course to extend their losses for the week; the major stock indices hold week-to-date losses between 1.7% and 2.4% after reclaiming a sizable portion of their Monday declines on Tuesday.

Stocks have been all over the map this week as investors try to find the bottom of a big sell off that's pulled the S&P 500 6.2% below the record high it posted on January 26.

Overseas, equity indices in the Asia-Pacific region ended Wednesday mostly lower, although Japan's Nikkei (+0.2%) eked out a small victory, while the major European bourses have rallied following news that German Chancellor Angela Merkel's CDU/CSU has reached an agreement on a coalition government with SPD following a lengthy negotiation; Germany's DAX is up 0.7%, while the UK's FTSE and France's CAC sport gains of 1.0% and 0.5%, respectively.

Back in the U.S., Treasuries are under pressure this morning, giving back some of their gains for the week. The yield on the benchmark 10-yr Treasury note is up three basis points at 2.80%, but trades lower by five basis points for the week. Yields move inversely to prices.

On the data front, the weekly MBA Mortgage Applications Index, which was released earlier this morning, increased 0.7% to follow last week's 2.6% decline. Today's last economic report--December Consumer Credit (Briefing.com consensus $20.0 billion)--will be released at 3:00 PM ET.

West Texas Intermediate crude futures are down 0.5% at $63.06 per barrel, on track for their fourth consecutive decline, after the American Petroleum Institute reported that U.S. crude inventories declined by 1.1 million barrels last week. The official government figures will be released at 10:30 AM ET.

In U.S. corporate news:

Walt Disney (DIS 108.20, +2.03): +1.9% after beating earnings estimates.
Snap (SNAP 17.00, +2.95): +21.0% after reporting better-than-expected earnings, revenues, and daily active users (DAUs).
Chipotle Mexican Grill (CMG 277.01, -27.39): -9.0% despite beating earnings estimates.
Hasbro (HAS 89.00, -4.93): -5.3% after worse-than-expected revenues overshadowed better-than-expected earnings.
Michael Kors (KORS 71.00, +5.56): +8.5% after beating earnings and revenue estimates.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended the midweek session on a mixed note. Japan's Nikkei +0.2%, Hong Kong's Hang Seng -0.9%, China's Shanghai Composite -1.8%, India's Sensex -0.3%.
In economic data:
New Zealand's Q4 Employment Change 0.5% quarter-over-quarter (expected 0.4%; last 2.2%). Q4 Unemployment Rate 4.5% (expected 4.7%; last 4.6%).
Australia's January's AIG Construction Index 54.3 (last 52.8)
Japan's Average Cash Earnings +0.7% year-over-year (expected 0.7%; last 0.9%). December Leading Index 107.9 (expected 108.1; last 108.3)
In news:
Reports from China indicate that banks have raised mortgage rates in several cities.
Separate headlines noted that China has filed new challenges with the World Trade Organization, complaining about U.S. tariffs on solar panels and washing machines.
Roughly 70% of South Korean businesses are expected to pay Lunar New Year bonuses.

Major European indices trade on a higher note. France's CAC +0.5%, Germany's DAX +0.7%, UK's FTSE +1.0%.
In economic data:
UK's January Halifax House Price Index -0.6% month-over-month (expected 0.2%; last -0.8%); +2.2% year-over-year (consensus 2.4%; last 2.7%)
Germany's December Industrial Production -0.6% month-over-month (expected -0.4%; last 3.1%)
Italy's December Retail Sales -0.3% month-over-month (expected -0.4%; last 0.9%); -0.1% year-over-year (last 1.4%)
France's December trade deficit EUR3.50 billion (expected deficit of EUR4.90 billion; last deficit of EUR5.60 billion)
In news:
A coalition deal has finally been reached in Germany after lengthy negotiations. Chancellor Angela Merkel's party had to make considerable concessions, meaning SPD representatives will oversee the finance ministry, the foreign ministry, and the labor ministry.
Reports indicate that the European Union will ask the UK for a larger separation payment than what was agreed to last year.
UK's NIESR expects that domestic growth will hit 1.7% in 2018 and 1.9% in 2019.


05:53AM ET
[BRIEFING.COM] S&P futures vs fair value: -25.00. Nasdaq futures vs fair value: -75.30.

05:53AM ET
[BRIEFING.COM] Nikkei...21645...+35.10...+0.20%. Hang Seng...30323...-272.20...-0.90%.

05:53AM ET
[BRIEFING.COM] FTSE...7183.34...+41.90...+0.60%. DAX...12466.81...+74.20...+0.60%.

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.

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
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 

All times are UTC - 5 hours


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr