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 Post subject: Feb 8th Thurs Price Action Trade Result - Profit $22187.50
PostPosted: Thu Feb 08, 2018 9:58 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
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Location: Canada
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Price Action Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
TheStrategyLab Price Action Trading (no technical indicators)
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Archive Real-Time Chat Logs (timestamp, entries/exits, position size): http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=20
Users Reviews, Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
Review of TheStrategyLab: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: Emini RTY ($RTY_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $22,187.50 dollars or +443.75 points, Light Crude Oil CL ($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 @ $22,187.50 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=2749

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 04:35PM ET
Dow: -1032.89… | Nasdaq: -274.82… | S&P: -100.66…
NASDAQ Vol: 2.7 bln… Adv: 453… Dec: 2525…
NYSE Vol: 1.23 bln… Adv: 342… Dec: 2683…

Moving the Market

Trading remains volatile as investors search for the bottom of Monday's big sell off

Heavily-weighted financials, consumer discretionary, industrials, and information technology sectors pace broad sell off

Treasury yields higher as Congress looks to pass two-year budget deal that will increase defense and non-defense spending

Sector Watch
Strong: Consumer Staples, Utilities, Real Estate, Energy
Weak: Financials, Consumer Discretionary, Industrials, Technology

04:35PM ET

[BRIEFING.COM] Stocks closed sharply lower on Thursday, losing ground for the fifth time in six sessions. The selling was broad-based and indiscriminate as all 11 S&P 500 sectors finished deep in red figures. The losses for the sectors ranged from 1.2% (utilities) to 4.5% (financials).

The Dow Jones Industrial Average dropped 4.2%, the Nasdaq Composite tumbled 3.9%, and the S&P 500 declined 3.8%.

The S&P 500 closed the day below Monday's intraday low, which technicians are apt to view as an adverse development that could invite further selling. All three major indices settled at their session lows following another steep sell off in the final minutes.

Several factors precipitated Thursday's sell-off:

Budding angst surrounding the reported two-year budget agreement in the Senate, which fueled concerns about the level of the budget deficit and national debt. The 10-yr yield hit 2.88% today but settled up just one basis point at 2.85% for the session as the deficit concerns stood in the way of safe-haven flows related to the stock market losses.
The lack of key sector leadership. The financial (-4.5%), information technology (-4.2%), and consumer discretionary (-4.0%) sectors were today's biggest laggards.
Comments from Fed heads, who continue to emphasize a likely path of gradual rate hikes and who have minimized recent market volatility. That understanding provoked concerns about a possible policy mistake by the Fed, which was registered in the underperformance of the cyclical sectors today; and
Following the trend of the tape, which has been biased downward at a time when many participants have been hoping for a rebound. The continued downward bias shook out "weak-handed longs" who have been aiming to profit from a buy-the-dip trade. Their selling presumably exacerbated today's losses.

Trading was volatile, as it has been in each session this week, with the S&P 500 covering 105 points from its high (+0.1%) to its low (-3.8%).

Investors also kept an eye on Washington, where Congressional leaders are trying to pass a budget deal before tonight's spending deadline. The bill up for debate calls for an increase in spending caps and would raise defense and non-defense spending by approximately $160 billion and $130 billion, respectively, over the next two years.

The bill is expected to pass in the Senate as both Senate Majority Leader Mitch McConnell (R-KY) and Senate Minority Leader Chuck Schumer (D-NY) have voiced their support for the measure, but it's fate in the House is less certain. Still, House Speaker Paul Ryan (R-WI) said in a morning interview that he believes the measure will pass.

The latest batch of Q4 earnings didn't have much impact on the broader market on Thursday, but it did prompt some interesting moves in individual stocks.

Most notably, Twitter (TWTR 30.18, +3.27) spiked 12.2% to its best level since mid-2015 after reporting better-than-expected earnings and revenues and achieving GAAP profitability for the first time ever. Meanwhile, Tesla (TSLA 315.23, -29.77) dropped 8.6% despite reporting above-consensus earnings and saying that it's on track to meet its goal of producing 5,000 Model 3 cars per week by the end of June.

Overseas, the major European bourses finished Thursday solidly lower. Germany's DAX dropped 2.6%, while France's CAC and the UK's FTSE lost 2.0% and 1.5%, respectively. The Bank of England unanimously voted to keep its key rate at 0.5% and its asset purchase program at GBP435 billion, as expected, while also laying the groundwork for future rate hikes.

In the Asia-Pacific region, equity indices ended Thursday on a mixed note, with Japan's Nikkei (+1.1%) and Hong Kong's Hang Seng (+0.4%) advancing while China's Shanghai Composite (-1.4%) declined. China reported a much smaller-than-expected trade surplus due to a spike in imports. However, demand associated with the upcoming Lunar New Year may have distorted the figures.

Reviewing Thursday's economic data, which was limited to the weekly Initial Claims report:

The latest weekly initial jobless claims count totaled 221,000, while the Briefing.com consensus expected a reading of 234,000. Today's tally was below the unrevised prior week count of 230,000. As for continuing claims, they declined to 1.923 million from a revised count of 1.956 million (from 1.953 million).
The key takeaway from the initial claims report is that it provides a basis to keep the Treasury market on edge about future rate hikes.

On Friday, investors will receive just one economic report--December Wholesale Inventories (Briefing.com consensus 0.2%)--which will be released at 10:00 AM ET.
Dow: -1032.89… | Nasdaq: -274.82… | S&P: -100.66…
NASDAQ Adv/Dec 453/2525. …NYSE Adv/Dec 342/2683.

03:35PM ET

[BRIEFING.COM] Commodities end the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.16% at 87.0087
Dollar index is currently up 0.08% at 90.27.
Mar WTI crude is down on the day.
Mar Crude Oil dropped 3.44%, Futures settled $2.18 lower at $61.18/barrel
In other energy:
Natural gas inventory showed a draw of 119 bcf vs a draw of 99 bcf in the prior week
Mar Natural Gas settled flat at $2.7/MMBtu
On to metals:
Apr Gold gained 0.33%, Futures settled $4.7 higher at $1319.3/oz.
Mar Silver gained 0.54%, Futures settled $0.09 higher at $16.33/oz.
Mar Copper dropped 0.08%, Futures settled $0.005 lower at $3.08/lb.
Finally, agriculture:
Mar Corn settled flat at $3.65/bushel.
Mar Wheat dropped 0.87%, Futures settled $0.04 lower at $4.57/bushel.
Mar Soybeans gained 0.46%, Futures settled $0.045 higher at $9.875/bushel.

Dow: -706.07… | Nasdaq: -188.14… | S&P: -68.16…
NASDAQ Adv/Dec 489/623. …NYSE Adv/Dec 452/2539.

02:55PM ET

[BRIEFING.COM] The major averages enter the final hour of action near their session lows, holding losses between 2.1% and 2.4%.

Following today's closing bell, NVIDIA (NVDA 223.66, -5.14), AIG (AIG 59.11, -1.36), Activision Blizzard (ATVI 67.12, -2.34), Expedia (EXPE 126.99, -2.40), Zillow (ZG 46.38, +1.63), Skechers (SKX 39.33, -1.63), Columbia Sportswear (COLM 74.03, -1.30), and Regal Entertainment (RGC 23.12, +0.02) will all report their quarterly results.

On Friday, there aren't many notable companies reporting earnings, but investors will receive December Wholesale Inventories (Briefing.com consensus 0.2%) at 10:00 AM ET.
Dow: -598.44… | Nasdaq: -161.90… | S&P: -56.14…
NASDAQ Adv/Dec 539/913. …NYSE Adv/Dec 526/2449.

02:25PM ET

[BRIEFING.COM] Equity indices haven't changed much since the last update; the Dow is down 1.7%, while the Nasdaq and the S&P 500 hold respective losses of 1.6% and 1.4%.

Eight of eleven sectors hold losses of at least 1.0%, including financials (-2.0%), consumer discretionary (-1.6%), industrials (-1.5%), materials (-1.3%), technology (-1.3%), health care (-1.0%), telecom services (-1.6%), and real estate (-1.2%). The consumer staples and energy groups are down 0.5% and 0.8%, respectively, while utilities is up 0.2%.

Meanwhile, Wall Street's "fear gauge"--the CBOE Volatility Index (VIX)--has jumped 3.50 points, or 12.6%, to 31.23. Before spiking more than 100% during Monday's big equity sell off, the VIX traded at historic lows, hovering between 9.00 and 20.00 for more than a year (since the U.S. presidential election on November 8, 2016).
Dow: -424.48… | Nasdaq: -111.28… | S&P: -38.10…
NASDAQ Adv/Dec 593/1044. …NYSE Adv/Dec 616/2360.

01:55PM ET

[BRIEFING.COM] Equities have come up from their session lows, but still hold sizable losses for the day; the S&P 500 is down 1.3%.

The heavily-weighted financial sector is the worst-performing group, showing a loss of 2.0%. Within the space, Prudential (PRU 106.41, -4.76) and Allstate (ALL 92.86, -4.01) show particular weakness despite reporting better-than-expected earnings for the fourth quarter on Wednesday evening; Allstate also beat revenue estimates.

Meanwhile, the rate-sensitive utilities space (+0.1%) is the top-performing sector despite a recent increase in Treasury yields; the benchmark 10-yr yield is up one basis point at 2.84% after hovering around 2.81% just an hour ago. At its highest mark of the day, the 10-yr yield was up four basis points at 2.88%.
Dow: -370.40… | Nasdaq: -95.60… | S&P: -32.56…
NASDAQ Adv/Dec 663/1054. …NYSE Adv/Dec 601/2350.

01:35PM ET

[BRIEFING.COM] The major U.S. indices continue to experience wild swings in price action as volatility dominates the market. In just the last 30 minutes, the Dow Jones Industrial Average has rallied 200 points off its worst levels of the day, but is still down nearly 500 points.

A look inside the Dow shows that Intel (INTC 43.69, -1.51), Home Depot (HD 185.05, -6.24), & American Express (AXP 90.74, -2.87) are underperforming amid broad market weakness. Intel last night provided an update on its ongoing security exploit issues.

Conversely, Exxon Mobil (XOM 77.15, +0.21) is the best-performing Dow component as shares stabilize following a 12%, 4-day slide.

For the week, the DJIA is currently down 4.74%.

Elsewhere, at the top of the hour, the Treasury's $16 bln 30-year auction drew a high yield of 3.121% on a bid-to-cover of 2.26.
Dow: -468.33… | Nasdaq: -121.53… | S&P: -41.94…
NASDAQ Adv/Dec 510/1327. …NYSE Adv/Dec 480/2478.

01:00PM ET

[BRIEFING.COM] It's been another volatile day of trading on Wall Street, with the major stock indices extending their losses for the week.

The Dow Jones Industrial Average is down 2.6%, the Nasdaq Composite is down 2.5%, the S&P 500 is down 2.3%, the S&P Midcap 400 is down 1.7%, and the Russell 2000 is down 1.6% as declining issues outnumber advancing ones 5.3 to 1 on the New York Stock Exchange. The market is at its lowest mark of the day.

Congressional leaders are looking to pass a budget deal, before tonight's spending deadline, 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. The prospect of increased government spending sent the Treasury market lower yesterday, and again this morning, but Treasuries have bounced back in recent action as investors flee to the "risk-free" assets, abandoning a volatile stock market that continues pressing lower.

The yield on the benchmark 10-yr Treasury note is currently down three basis points at 2.81% after hitting a fresh four-year high (2.88%) earlier in the session. Meanwhile, the 2-yr yield is lower by two basis points at 2.11%. Yields move inversely to prices.

Only two of eleven sectors are trading in the green--utilities (+0.7%) and real estate (+0.2%)--both of which are rate sensitive and typically do well when Treasury yields decline. Meanwhile, the nine declining sectors hold losses between 0.7% and 2.1%.

Some of the heaviest sectors have been hit the hardest today, including financials (-2.2%), consumer discretionary (-2.1%), industrials (-2.1%), and information technology (-2.0%). In general, cyclical sectors, which tend to move in tandem with the outlook for the U.S. economy, are showing relative weakness; financials, consumer discretionary, industrials, and technology are all cyclical.

In earnings news, Twitter (TWTR 31.26, +4.37) has spiked 16.2% to its best level since mid-2015 after reporting better-than-expected earnings and revenues for the fourth quarter this morning, achieving GAAP profitability for the first time ever. Conversely, Tesla (TSLA 324.72, -20.30) has dropped 5.9% despite reporting above-consensus earnings and saying that it's on track to meet its goal of producing 5,000 Model 3 cars per week by the end of June. Yelp (YELP 40.47, -4.47) is also lower, down 10.0%, after missing Q4 profit estimates.

Overseas, the major European bourses finished Thursday solidly lower; Germany's DAX dropped 2.6%, while France's CAC and the UK's FTSE lost 2.0% and 1.5%, respectively. The Bank of England unanimously voted to keep its key rate at 0.5% and its asset purchase program at GBP435 billion, as expected, while also laying the groundwork for future rate hikes.

In the Asia-Pacific region, equity indices ended Thursday on a mixed note, with Japan's Nikkei (+1.1%) and Hong Kong's Hang Seng (+0.4%) advancing while China's Shanghai Composite (-1.4%) declined. China reported a much smaller-than-expected trade surplus due to a spike in imports ($20.34 billion actual vs $54.10 billion consensus). However, demand associated with the upcoming Lunar New Year may have distorted the figures.

Reviewing Thursday's economic data, which was limited to the weekly Initial Claims report:

The latest weekly initial jobless claims count totaled 221,000, while the Briefing.com consensus expected a reading of 234,000. Today's tally was below the unrevised prior week count of 230,000. As for continuing claims, they declined to 1.923 million from a revised count of 1.956 million (from 1.953 million).
The key takeaway from the initial claims report is that it provides a basis to keep the Treasury market on edge about future rate hikes.

Dow: -610.45… | Nasdaq: -173.44… | S&P: -58.53…
NASDAQ Adv/Dec 465/1628. …NYSE Adv/Dec 479/2448.

12:25PM ET

[BRIEFING.COM] The major U.S. indices are drifting near their lowest marks of the day, showing losses between 1.6% and 1.9%.

In Europe, the major bourses finished Thursday solidly lower; Germany's DAX dropped 2.6%, while France's CAC and the UK's FTSE lost 2.0% and 1.5%, respectively. The Bank of England unanimously voted to keep its key rate at 0.5% and its asset purchase program at GBP435 billion, as expected, while also laying the groundwork for future rate hikes. The euro is down 0.2% against the U.S. dollar at 1.2240, while the British pound is up 0.3% against the greenback at 1.3918.

Meanwhile, in the Asia-Pacific region, equity indices ended Thursday on a mixed note, with Japan's Nikkei (+1.1%) and Hong Kong's Hang Seng (+0.4%) advancing while China's Shanghai Composite (-1.4%) declined. The Japanese yen is up 0.5% against the U.S. dollar at 108.84.
Dow: -501.92… | Nasdaq: -127.43… | S&P: -45.04…
NASDAQ Adv/Dec 560/1712. …NYSE Adv/Dec 573/2335.

11:55AM ET

[BRIEFING.COM] The major stock indices hold losses between 1.0 and 1.3%, hovering near the bottom of their trading ranges.

In Washington, lawmakers are set to vote on 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. The prospect of increased government spending has helped fuel a sell off in the Treasury market today, pushing yields to multi-year highs; the yield on the benchmark 10-yr Treasury note, for example, is up one basis point at 2.85%--its best level since January 2014.

The increase in yields has, in turn, helped fuel today's equity sell off as it makes "risk-free" Treasuries a bit more attractive--especially in comparison to stocks, which have been incredibly volatile since Monday's big sell off.
Dow: -320.39… | Nasdaq: -76.73… | S&P: -25.30…
NASDAQ Adv/Dec 712/1676. …NYSE Adv/Dec 656/2218.

11:30AM ET

[BRIEFING.COM] The major indices have extended their losses in recent trading; the S&P 500 is now lower by 1.5%.

Twitter (TWTR 32.02, +5.11) has trimmed its pre-market gain of around 25.0% to 19.0% this morning, but is still soaring at its best level since mid-2015. The social media company reported better-than-expected earnings and revenues for the fourth quarter this morning, achieving GAAP profitability for the first time ever.

Conversely, Tesla (TSLA 331.72, -13.28) has dropped 3.8% despite reporting above-consensus earnings and saying that it's on track to meet its goal of producing 5,000 Model 3 cars per week by the end of June. Yelp (YELP 41.25, -3.70) is also lower, down 8.3%, after missing Q4 profit estimates.
Dow: -439.46… | Nasdaq: -119.01… | S&P: -39.32…
NASDAQ Adv/Dec 631/1906. …NYSE Adv/Dec 594/2273.

10:55AM ET

[BRIEFING.COM] The stock market has been volatile once again today; the S&P 500 was up 0.1% at the opening bell, but has been down as much as 1.0%.

Currently, the benchmark index shows a loss of 0.9%, while the Dow Jones Industrial Average and the Nasdaq Composite are down 1.2% and 1.1%, respectively. The major averages hold week-to-date losses of around 3.7% apiece following a big sell off on Monday, which saw the Dow's largest intraday point loss in history.

11 of 11 sectors are trading in the red this morning. The financials (-1.1%), consumer discretionary (-1.0%), industrials (-1.1%), technology (-1.0%), and telecom services (-1.1%) sectors are the weakest groups, while the consumer staples (-0.3%), utilities (-0.2%), and real estate (-0.2%) groups are the strongest.
Dow: -314.33… | Nasdaq: -80.72… | S&P: -26.88…
NASDAQ Adv/Dec 773/1852. …NYSE Adv/Dec 674/2131.

10:30AM ET

[BRIEFING.COM] Commodities begin the day flat:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently unchanged at 87.15
Dollar index is currently up 0.01% at 90.26
Mar WTI crude is down 2.9% on the day.
Futures are $1.84 lower to $61.52/barrel.
In other energy:
Natural gas inventory showed a draw of 119 bcf vs a draw of 99 bcf in the prior week
Mar natural gas is up $0.05 at $2.75/MMBtu
Metals:
Apr gold gained $1.20 and trades at $1315.80/oz, while Mar silver gained $0.08 to $16.32/oz
Mar copper dropped 0.01 to $3.08/lb
Finally, agriculture:
Mar corn is up $0.02 at $3.67/bu.
Mar soy is up $0.03 at $9.855/bu.
Mar wheat is down $0.02 at $4.59/bu.

Dow: -217.79… | Nasdaq: -36.58… | S&P: -15.79…
NASDAQ Adv/Dec 933/1725. …NYSE Adv/Dec 838/1931.

09:55AM ET

[BRIEFING.COM] The major averages have slipped from their flat lines in recent action. The Dow Jones Industrial Average is lower by 0.5%.

Within the Dow, General Electric (GE 14.97, -0.28), Home Depot (HD 188.63, -2.66), Caterpillar (CAT 152.41, -1.98), and Intel (INTC 44.73, -0.47) are the weakest components, showing losses between 1.1% and 1.9%. Meanwhile, Merck (MRK 56.25, +0.35) is the top performer, up 0.8%.

In the bond market, Treasuries have continued selling off, pushing the 10-yr yield to 2.88%--which is four basis points above yesterday's closing level.
Dow: -134.40… | Nasdaq: -21.22… | S&P: -9.22…
NASDAQ Adv/Dec 943/1726. …NYSE Adv/Dec 931/1746.

09:40AM ET

[BRIEFING.COM] The major stock indices are trading near their flat lines, with the S&P 500 down 0.1%.

Most sectors are lower this morning, with the lightly-weighted telecom services space (-0.7%) pacing the retreat; the heavily-weighted financial sector (-0.5%) also shows relative weakness. On the flip side, the top-weighted technology sector (+0.2%) is at the top of the sector standings, bouncing back from yesterday's disappointing performance.
Dow: -81.41… | Nasdaq: +11.27… | S&P: -1.81…
NASDAQ Adv/Dec 1160/1484. …NYSE Adv/Dec 1268/1309.

09:12AM ET
[BRIEFING.COM] S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +27.30.

The stock market looks poised to open higher as the S&P 500 futures trade six points, or 0.2%, above fair value. This is a significant improvement from earlier this morning, when the S&P 500 futures were trading about 20 points, or 0.8%, below fair value. Obviously, trading has remained volatile, just like it's been for the last three sessions.

Lawmakers must reach a budget deal by midnight in order to avoid another government shutdown. The Senate is expected to approve a two-year budget deal early this afternoon 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. The House is expected to vote on the measure tonight.

In earnings news, Twitter (TWTR 33.85, +6.94) has spiked 25.2% in pre-market trading after reporting better-than-expected earnings and revenues for the fourth quarter, achieving GAAP profitability for the first time ever. Including this morning's rally, TWTR shares have jumped more than 50% since January 25.

On the data front, the latest weekly initial jobless claims count totaled 221,000, while the Briefing.com consensus expected a reading of 234,000. Today's tally was below the unrevised prior week count of 230,000. As for continuing claims, they declined to 1.923 million from a revised count of 1.956 million (from 1.953 million).

In the bond market, U.S. Treasuries are under pressure this morning, sending the benchmark 10-yr yield back to the three-year high it touched on Friday; the 10-yr yield is up two basis points at 2.86%. Meanwhile, the yield on the 2-yr Treasury note is flat at 2.13%.

08:51AM ET
[BRIEFING.COM] S&P futures vs fair value: +0.30. Nasdaq futures vs fair value: +14.00.

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

Equity indices in the Asia-Pacific region ended Thursday on a mixed note. China reported a much smaller than expected trade surplus due to a spike in imports. However, the figures may have been somewhat distorted by demand associated with the upcoming Lunar New Year. Bank of Japan member Hitoshi Suzuki said it is important to patiently maintain powerful monetary easing. The Reserve Bank of New Zealand left its official cash rate at 1.75%, as expected. Reserve Bank of New Zealand Assistant Governor John McDermott said that a drop in inflation could trigger a rate cut.

In economic data:
China's January trade surplus $20.34 billion (expected surplus of $54.10 billion; last surplus of $54.69 billion). January Exports +11.1% year-over-year (expected 9.6%; last 10.9%) and January Imports +36.9% year-over-year (expected 9.8%; last 4.5%)
Australia's NAB Quarterly Business Confidence 6 (last 8)

---Equity Markets---

Japan's Nikkei climbed 1.1%. Asahi Glass, Chugai Pharmaceutical, Furukawa, Konami, Fanuc, Hino Motors, Familymart, Daikin Industriesl, Subaru, and Bridgestone posted gains between 2.7% and 5.9%.
Hong Kong's Hang Seng rose 0.4%. Apple suppliers AAC Technologies and Sunny Optical Tech posted respective gains of 3.5% and 2.6% while financials like Hang Seng Bank, BoC Hong Kong, AIA Group, Bank of East Asia, and HSBC rose between 0.6% and 2.5%.
China's Shanghai Composite lost 1.4%. Anhui Conch Cement, Huaxin Cement, Shanghai Potevio, and Jiangxi Copper lost between 4.8% and 6.0%.
India's Sensex rose 1.0% amid broad strength. Cipla, Sun Pharma, Dr. Reddy's Labs, SBI, Infosys, AXIS Bank, Reliance Industries, ICICI Bank, and HDFC Bank gained between 0.5% and 7.8%.

Major European indices trade in the red with Germany's DAX (-0.9%) showing relative weakness. In Germany, Martin Schulz will step down from his leadership post, noting that a party leader should not be a member of the cabinet. Mr. Schulz is slated to become the new foreign minister. Bundesbank President and ECB member Jens Weidmann said that while accommodative policy is still needed, the ECB should not extend its asset purchase program. The Bank of England voted unanimously to keep its key rate and asset purchase program at their respective 0.5% and GBP435 billion, which was expected. The BoE's policy statement set the stage for a rate hike in August. Reports indicate that the EU is preparing for a longer post-Brexit transition than originally planned.

In economic data:
Germany's December trade surplus EUR21.40 billion (expected EUR20.40 billion; last surplus of EUR22.30 billion). December Imports +1.4% month-over-month (expected -0.5%; last 2.3%) and December Exports +0.3% month-over-month (expected -1.0%; last 4.1%)
Spain's December Industrial Production +6.1% year-over-year (expected 3.9%; last 4.6%)

---Equity Markets---

France's CAC is down 0.6%. STMicroelectronics, Safran, TechnipFMC, Atos, ArcelorMittal, and Kering show losses between 1.3% and 2.7%. On the upside, Publicis Groupe and Pernod Ricard hold respective gains of 4.9% and 2.4% after reporting their quarterly results.
UK's FTSE trades lower by 0.7%. Miners and select consumer names are among the laggards. Randgold Resources, Antofagasta, BHP Billiton, Anglo American, Rio Tinto, Glencore, British American Tobacco, Barratt Developments, Imperial Brands, and Taylor Wimpey show losses between 1.7% and 3.1%.
Germany's DAX has given up 0.9%. Lufthansa, Infineon, BASF, Siemens, Allianz, SAP, Adidas, and Volkswagen hold losses between 0.7% and 1.9%. Deutsche Bank has rallied 1.8% after its recent skid.

08:33AM ET
[BRIEFING.COM] S&P futures vs fair value: +1.80. Nasdaq futures vs fair value: +25.50.

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

Just in, the latest weekly initial jobless claims count totaled 221,000, while the Briefing.com consensus expected a reading of 234,000. Today's tally was below the unrevised prior week count of 230,000. As for continuing claims, they declined to 1.923 million from a revised count of 1.956 million (from 1.953 million).

08:03AM ET
[BRIEFING.COM] S&P futures vs fair value: -6.50. Nasdaq futures vs fair value: flat.

Wall Street looks ready to extend losses for the week as the S&P 500 futures are trading 7 points, or 0.2%, below fair value. However, it's worth noting that the S&P 500 futures have strengthened considerably in recent action, as they were trading about 20 points, or 0.8%, below fair value less than two hours ago.

Overseas, equity indices in the Asia-Pacific region ended Thursday on a mixed note, with Japan's Nikkei (+1.1%) and Hong Kong's Hang Seng (+0.4%) advancing while China's Shanghai Composite (-1.4%) declined. China reported a much smaller-than-expected trade surplus due to a spike in imports ($20.34 billion actual vs $54.10 billion consensus). However, demand associated with the upcoming Lunar New Year may have distorted the figures.

Meanwhile, the major European bourses are solidly lower, showing losses between 0.9% and 1.2%. The pound is up 0.7% against the U.S. dollar at 1.3968, recouping yesterday's decline, after the Bank of England unanimously voted to keep its key rate at 0.5% and its asset purchase program at GBP435 billion, as expected.

In Washington, lawmakers are facing another government shutdown as funding is due to expire at midnight tonight.

The Senate is expected to approve a two-year budget deal early this afternoon, but the bill's fate in the House is less certain. The House Freedom Caucus might protest the deal, which aims to increase both defense and non-defense spending, and House Minority Leader Nancy Pelosi (D-CA) has vowed to oppose a deal unless she is guaranteed a vote on immigration.

In the bond market, U.S. Treasuries are under pressure this morning, sending the benchmark 10-yr yield back to the three-year high it touched on Friday; the 10-yr yield is up two basis points at 2.86%. Meanwhile, the yield on the 2-yr Treasury note is up one basis point at 2.14%.

On the data front, today's lone economic report--weekly Initial Claims (Briefing.com consensus 234K)--will be released at 8:30 AM ET.

In U.S. corporate news:

Twitter (TWTR 32.97, +6.06): +22.5% after reporting better-than-expected earnings and revenues, achieving GAAP profitability for the first time ever.
Yelp (YELP 41.25, -3.69): -8.2% after missing profit estimates.
Tyson Foods (TSN 77.00, +3.62): +4.9% after beating top and bottom line estimates and issuing upbeat profit guidance for fiscal year 2018.
Hanesbrands (HBI 19.73, -2.23): -10.2% after lowering its earnings guidance.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Thursday on a mixed note. Japan's Nikkei +1.1%, Hong Kong's Hang Seng +0.4%, China's Shanghai Composite -1.4%, India's Sensex +1.0%.
In economic data:
China's January trade surplus $20.34 billion (expected surplus of $54.10 billion; last surplus of $54.69 billion). January Exports +11.1% year-over-year (expected 9.6%; last 10.9%) and January Imports +36.9% year-over-year (expected 9.8%; last 4.5%)
Australia's NAB Quarterly Business Confidence 6 (last 8)
In news:
China reported a much smaller than expected trade surplus due to a spike in imports. However, the figures may have been somewhat distorted by demand associated with the upcoming Lunar New Year.
Bank of Japan member Hitoshi Suzuki said it is important to patiently maintain powerful monetary easing.
The Reserve Bank of New Zealand left its official cash rate at 1.75%, as expected. Reserve Bank of New Zealand Assistant Governor John McDermott said that a drop in inflation could trigger a rate cut.

Major European indices trade in the red. France's CAC -0.9%, UK's FTSE -1.1%, Germany's DAX -1.2%.
In economic data:
Germany's December trade surplus EUR21.40 billion (expected EUR20.40 billion; last surplus of EUR22.30 billion). December Imports +1.4% month-over-month (expected -0.5%; last 2.3%) and December Exports +0.3% month-over-month (expected -1.0%; last 4.1%)
Spain's December Industrial Production +6.1% year-over-year (expected 3.9%; last 4.6%)
In news:
In Germany, Martin Schulz will step down from his leadership post, noting that a party leader should not be a member of the cabinet. Mr. Schulz is slated to become the new foreign minister.
Bundesbank President and ECB member Jens Weidmann said that while accommodative policy is still needed, the ECB should not extend its asset purchase program.
The Bank of England voted unanimously to keep its key rate and asset purchase program at their respective 0.5% and GBP435 billion, which was expected. The BoE's policy statement set the stage for a rate hike in August.
Reports indicate that the EU is preparing for a longer post-Brexit transition than originally planned.

05:55AM ET
[BRIEFING.COM] S&P futures vs fair value: -17.80. Nasdaq futures vs fair value: -32.30.

05:55AM ET
[BRIEFING.COM] Nikkei...21891...+245.50...+1.10%. Hang Seng...30451...+128.10...+0.40%.

05:55AM ET
[BRIEFING.COM] FTSE...7231.73...-47.70...-0.70%. DAX...12463.00...-127.40...-1.00%.

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.

Special thanks to Bloomberg, Briefing, Reuters and Yahoo! Finance for their market summaries. Also, thank you for the review of TheStrategyLab performance record...hopefully the links and data will be useful for you. gm

Image Price Action Trading @ http://www.thestrategylab.com/price-action-trading.htm

Image Trade Strategies via Volatility Analysis @ http://www.thestrategylab.com/VolatilityTrading.htm

Image Rebuttal to Review of TheStrategyLab @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Image Advance WRB Analysis Tutorial Chapters 4 - 12 @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you & your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm


Best Regards,
M.A. Perry
Online user name wrbtrader (more info about me) @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850 & http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading (no indicators)
Trader and Founder of WRB Analysis (wide range body/bar analysis)
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