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 Post subject: February 13th Tuesday Price Action Trade Result - No Trades
PostPosted: Wed Feb 14, 2018 12:33 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3305
Location: Canada
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Price Action Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
TheStrategyLab Price Action Trading (no technical indicators)
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Archive Real-Time Chat Logs (timestamp, entries/exits, position size): http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=20
Users Reviews, Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
Review of TheStrategyLab: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
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Twitter @ http://twitter.com/wrbtrader (24/7)

Quote:
No trades today because of personal appointments although I did return in time to monitor the afternoon price action in the Emini futures and the volatility indices.

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

Russell 2000 Emini RTY Futures: 1 tick or 0.10 = $5.00 dollars and there's more contract information @ CMEGroup (formerly as TF @ The ICE)
S&P 500 Emini ES Futures: 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup
Light Crude Oil CL (WTI) Futures: 1 tick or 0.01 = $10.00 dollars and there's more contract information @ CMEGroup
Gold GC Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ CMEGroup
EuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @ CMEGroup

Today's Trade Log & Price Action Analysis is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=177&t=2752

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 04:10PM ET
Dow: +39.18… | Nasdaq: +31.55… | S&P: +6.94…
NASDAQ Vol: 1.8 bln… Adv: 1247… Dec: 892…
NYSE Vol: 806.9 mln… Adv: 1677… Dec: 1282…

Moving the Market

Stocks reclaim opening losses; on track for third consecutive victory

Yield on 10-yr Treasury note remains near four-year high

Caution ahead of Wednesday's release of the core Consumer Price Index for January (Briefing.com consensus +0.2%)

Sector Watch
Strong: Financials, Consumer Discretionary, Consumer Staples, Real Estate
Weak: Energy, Materials, Health Care

04:10PM ET

[BRIEFING.COM] U.S. equities overcame early weakness on Tuesday to push the major indices higher for the third session in a row.

The Nasdaq Composite climbed 0.5%, the S&P 500 rose 0.3%, and the Dow Jones Industrial Average added 0.2%, settling near their session highs. The three indices held losses of around 0.7% apiece at the opening bell, but slowly began moving back towards their flat lines, hitting positive territory in the early afternoon.

Nine of eleven S&P 500 sectors settled in positive territory, with financials (+0.5%), consumer discretionary (+0.5%), and real estate (+0.6%) being the top performers. Energy (-0.5%) and materials (-0.3%) were the two declining sectors, and health care (+0.1%) also showed relative weakness.

Within the consumer discretionary space, Under Armour (UAA 16.70, +2.47) rallied 17.4%, hitting its best level since late October, after reporting better-than-expected sales for the fourth quarter. Internet retail giant Amazon (AMZN 1414.51, +28.28) also helped the consumer discretionary sector, climbing 2.0%.

Meanwhile, in the health care space, AmerisourceBergen (ABC 97.77, +8.32) spiked 9.3% following a Wall Street Journal report that Walgreens Boot Alliance (WBA 68.29, -0.17) has reached out to the drug distributor about a potential takeover.

In the bond market, Treasuries finished Tuesday mostly higher, although the 2-yr note declined. The benchmark 10-yr yield slipped three basis points to 2.83% after settling Monday at a four-year high, while the 2-yr yield rose two basis points to 2.09%. Yields move inversely to prices.

Elsewhere, West Texas Intermediate crude futures slipped 0.2% to $59.19 per barrel, the CBOE Volatility Index (VIX) declined around one point, or 2.3%, to 25.02, and the U.S. dollar tumbled 0.5% against the euro (1.2357) and 0.8% against the Japanese yen (107.82).

Tuesday's lone economic report--the NFIB Small Business Optimism Index for January--rose to 106.9 from 104.9 in December.

On Wednesday, investors will receive the weekly MBA Mortgage Applications Index at 7:00 AM ET, the Consumer Price Index (Briefing.com consensus +0.4%), the core Consumer Price Index (Briefing.com consensus +0.2%), and Retail Sales (Briefing.com consensus +0.2%) for January at 8:30 AM ET, and Business Inventories for December (Briefing.com consensus +0.3%) at 10:00 AM ET.

Emphasis will be placed on the core Consumer Price Index as a hotter-than-expected reading could prompt inflation/rate hike concerns.

Nasdaq Composite: +1.6% YTD
Dow Jones Industrial Average: -0.3% YTD
S&P 500: -0.4% YTD
Russell 2000: -2.7% YTD

Dow: +39.18… | Nasdaq: +31.55… | S&P: +6.94…
NASDAQ Adv/Dec 1247/892. …NYSE Adv/Dec 1677/1282.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 0.54% at 86.7893
Dollar index is currently down 0.62% at 89.65
Mar WTI Crude is down 0.17% on the day.
API data due out at 4:30 ET
Futures settle $0.10 lower to $59.19/barrel.
In other energy, Mar Natural Gas settled up $0.05 at $2.6/MMBtu
On the metals:
Apr Gold gained $3.40 to settle at $1329.80/oz, while Mar silver lost $0.05 to $16.52/oz
Mar Copper gained $0.07 to $3.16/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.67/bu.
Mar Soy settled down $0.0125 at $10.1075/bu.
Mar Wheat settled down $0.02 at $4.59/bu.

Dow: +50.34… | Nasdaq: +33.7… | S&P: +8.29…
NASDAQ Adv/Dec 1546/872. …NYSE Adv/Dec 1713/1222.

03:00PM ET

[BRIEFING.COM] The major averages hold gains between 0.3% and 0.5% with one hour left in today's session.

Looking ahead, investors will receive a large batch of economic data tomorrow, including the core Consumer Price Index for January (Briefing.com consensus +0.2%) and Retail Sales for January (Briefing.com consensus +0.2%), both of which will be released at 8:30 AM ET.

Emphasis will be placed on the CPI reading as fears of an overheating economy have been lingering on Wall Street in recent weeks.

As for earnings, Dr. Pepper Snapple (DPS 116.20, -0.54) will report its Q4 results on Wednesday morning, while Cisco Systems (CSCO 41.19, +0.58), Applied Materials (AMAT 49.38, -0.12), and Marriott (MAR 141.02, +1.92) will report following Wednesday's closing bell.
Dow: +67.13… | Nasdaq: +34.61… | S&P: +9.25…
NASDAQ Adv/Dec 1504/965. …NYSE Adv/Dec 1638/1278.

02:25PM ET

[BRIEFING.COM] Stocks have continued ticking higher in recent action, hitting new session highs. The Nasdaq Composite is up 0.6%, while the S&P 500 and the Dow Jones Industrial Average sport gains of 0.4% apiece.

At their lowest levels of the day, the three major averages held losses of around 0.7% apiece.

Transports have been particularly strong today, evidenced by the Dow Jones Transportation Average, which is up 1.0%. Within the DJTA, package deliverer UPS (UPS 107.69, +1.38) is up 1.3% amid rumors that hedge fund Greenlight Capital is acquiring a sizable stake in the company.
Dow: +79.75… | Nasdaq: +31.97… | S&P: +8.29…
NASDAQ Adv/Dec 1523/962. …NYSE Adv/Dec 1553/1360.

01:55PM ET

[BRIEFING.COM] Stocks are modestly higher this afternoon, with the S&P 500, the Dow, and the Nasdaq sporting gains between 0.2% and 0.4%.

Nine of eleven sectors are trading in the green, with financials (+0.5%), consumer discretionary (+0.5%), and consumer staples (+0.4%) showing particular strength.

The energy (-0.1%) and utilities (-0.3%) sectors are the two laggards.
Dow: +42.16… | Nasdaq: +24.17… | S&P: +5.83…
NASDAQ Adv/Dec 1434/1095. …NYSE Adv/Dec 1498/1411.

01:35PM ET

[BRIEFING.COM] The major U.S. indices are currently trading higher, as stocks complete a recovery off this morning's worst levels.

A look inside the Dow Jones Industrial Average shows that Caterpillar (CAT 154.17, +1.88), Wal-Mart (WMT 100.70, +1.15), & JP Morgan (JPM 112.75, +1.01) are outperforming. Caterpillar is leading the Dow after releasing its rolling 3 month retail sales statistics this morning, while JP Morgan is benefiting from a morning upgrade to Outperform from Mkt Perform at Keefe Bruyette.

Conversely, United Technologies (UTX 126.06, -1.32) is the worst-performing Dow component as shares slip amid continued woes over the company's PW1100G-JM engines.

With stocks now in positive territory, the DJIA is up 1.77% to start the trading week.
Dow: +9.07… | Nasdaq: +16.90… | S&P: +3.92…
NASDAQ Adv/Dec 1380/1134. …NYSE Adv/Dec 1475/1430.

01:00PM ET

[BRIEFING.COM] The equity market has pulled back today following two consecutive wins, with the S&P 500 down 0.2% at midday.

Stocks have been pretty steady since the opening bell, keeping the S&P 500's loss between 0.1% and 0.7%. The Nasdaq has ticked into positive territory several times today, but is currently down 0.1%. Meanwhile, the Dow has not traded in the green and currently shows a loss of 0.4%.

10 of 11 S&P 500 sectors are lower, but losses are modest; no group is down more than 0.6%. The health care sector (-0.6%) is the weakest group, while the consumer discretionary (-0.1%), financials (-0.1%), and consumer staples (+0.1%) sectors are the strongest.

Within the consumer discretionary space, Under Armour (UAA 16.39, +2.16) has spiked 15.2%, hitting its best level since late October, after reporting better-than-expected sales for the fourth quarter. Consumer discretionary giant Amazon (AMZN 1404.33, +18.07) is also strong, adding 1.3%.

Meanwhile, in the health care space, AmerisourceBergen (ABC 97.03, +7.58) is up 8.5% following a Wall Street Journal report that Walgreens Boot Alliance (WBA 68.56, +0.10) has made a takeover approach to the drug distributor.

In the bond market, U.S. Treasuries are mixed, with longer-dated issues showing relative strength. The yield on the benchmark 10-yr Treasury note is down two basis points at 2.84% after settling Monday at a four-year high. Meanwhile, the 2-yr yield is up four basis points at 2.11%.

Today's lone economic report--the NFIB Small Business Optimism Index for January--rose to 106.9 from 104.9 in December.

Overseas, Japan's Nikkei (-0.7%) underperformed in Asia as the yen rose 0.9% against the U.S. dollar to 107.70, and Germany's DAX (-0.7%) led a broad retreat in Europe. The euro is currently up 0.5% against the dollar at 1.2356.
Dow: -110.30… | Nasdaq: -10.63… | S&P: -7.71…
NASDAQ Adv/Dec 1228/1319. …NYSE Adv/Dec 1234/1645.

12:25PM ET

[BRIEFING.COM] Equity indices are slightly lower in early afternoon trading, showing losses between 0.1% and 0.3%.

The heavily-weighted financial sector (+0.2%) has popped into positive territory, with names like Wells Fargo (WFC 57.27, +0.77), JPMorgan Chase (JPM 112.58, +0.84), and Bank of America (BAC 31.29, +0.17) leading the charge; the three lenders sport gains between 0.5% and 1.4%.

The consumer discretionary (+0.1%) and consumer staples (+0.1%) sectors are the only other groups trading in the green.
Dow: -83.34… | Nasdaq: -2.20… | S&P: -4.46…
NASDAQ Adv/Dec 1293/1283. …NYSE Adv/Dec 1245/1614.

11:55AM ET

[BRIEFING.COM] The major U.S. indices haven't shifted much since the last update.

In Europe, the major bourses finished Tuesday lower across the board, with Germany's DAX (-0.7%) pacing the retreat. The euro is up 0.6% against the U.S dollar at 1.2365, while the British pound has climbed 0.4% against the greenback to 1.3893.

Meanwhile, in Asia, Japan's Nikkei lost 0.7% on Tuesday as the yen climbed 1.0% against the dollar to 107.58--its highest level since November 2016. Conversely, Hong Kong's Hang Seng and China's Shanghai Composite added 1.3% and 1.0%, respectively.

As a reminder, markets in China, Hong Kong, and South Korea will be closed on Thursday and Friday for Lunar New Year celebrations.
Dow: -97.05… | Nasdaq: -5.45… | S&P: -6.39…
NASDAQ Adv/Dec 1303/1315. …NYSE Adv/Dec 1223/1625.

11:25AM ET

[BRIEFING.COM] Stocks are still modestly lower, with the Dow Jones Industrial Average down 0.3%.

Within the Dow, American Express (AXP 93.27, -1.42), General Electric (GE 14.60, -0.21), DowDuPont (DWDP 70.77, -1.07), Home Depot (HD 181.52, -2.54), and United Tech (UTX 125.90, -1.48) are the worst performers, showing losses between 1.2% and 1.6%.

Conversely, industrial giants Boeing (BA 347.16, +3.36) and Caterpillar (CAT 153.41, +1.12) are the top-performing Dow components, up 1.0% and 0.8%, respectively. Boeing is up after Edward Jones upgraded its shares to 'Buy' from 'Hold' this morning.
Dow: -69.42… | Nasdaq: -0.68… | S&P: -5.29…
NASDAQ Adv/Dec 1316/1279. …NYSE Adv/Dec 1200/1635.

11:00AM ET

[BRIEFING.COM] The major stock indices have been drifting higher as of late. The Nasdaq (+0.1%) recently popped into positive territory, while the Dow (-0.2%) and the S&P 500 (-0.2%) have cut their opening losses in half.

It's been a quiet day of trading thus far, with decliners slightly outnumbering advancers 1.2 to 1 at the New York Stock Exchange.

In the bond market, U.S. Treasuries are trading near their earlier levels. The yield on the 10-yr Treasury note is down two basis points at 2.84% after closing at a four-year high on Monday.
Dow: -46.56… | Nasdaq: +7.27… | S&P: -3.36…
NASDAQ Adv/Dec 1383/1231. …NYSE Adv/Dec 1270/1550.

10:30AM ET

[BRIEFING.COM] Commodities begin the day higher:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.31% at 86.5903
Dollar index is currently down 0.59% at 89.68
Mar WTI crude is down 0.86% on the day.
API data is due out after the bell today.
Futures are $0.51 lower to $58.78/barrel.
In other energy, Mar natural gas is up $0.08 at $2.63/MMBtu
Metals:
Apr gold gained $2.50 and trades at $1328.90/oz, while Mar silver lost $0.04 to $16.53/oz
Mar copper gained 0.07 to $3.16/lb
Finally, agriculture:
Mar corn is unchanged at $3.67/bu.
Mar soy is up $0.05 at $10.0675/bu.
Mar wheat is down $0.01 at $4.63/bu.

Dow: -126.71… | Nasdaq: -12.49… | S&P: -12.44…
NASDAQ Adv/Dec 1140/1518. …NYSE Adv/Dec 965/1806.

10:00AM ET

[BRIEFING.COM] The S&P 500 is hovering 0.6% below its flat line.

Shares of Under Armour (UAA 16.82, +2.57) have spiked 18.4%, hitting their best level since late October, after the athletic apparel company reported better-than-expected sales for the fourth quarter. The consumer discretionary sector (-0.1%), which houses Under Armour, is the top-performing sector.

Meanwhile, Amazon (AMZN 1398.83, +11.60), which is also in the consumer discretionary space, has gotten off to a good start, adding 0.8%.
Dow: -140.81… | Nasdaq: -29.50… | S&P: -14.56…
NASDAQ Adv/Dec 961/1692. …NYSE Adv/Dec 807/1885.

09:40AM ET

[BRIEFING.COM] The major stock indices are lower in the opening minutes, with the S&P 500 showing a loss of 0.4%.

Most of the S&P 500's 11 sectors are trading in the red. The health care (-0.8%) and telecom services (-1.0%) sectors are the weakest groups, while the consumer discretionary (+0.1%) and consumer staples (unch) sectors are the strongest.
Dow: -85.44… | Nasdaq: -12.86… | S&P: -9.29…
NASDAQ Adv/Dec 1034/1603. …NYSE Adv/Dec 928/1679.

09:10AM ET
[BRIEFING.COM] S&P futures vs fair value: -15.00. Nasdaq futures vs fair value: -46.80.

The U.S. equity market is on track to open in the red as the S&P 500 futures trade 15 points, or 0.6%, below fair value.

Overnight action was pretty limited. Equity indices finished mixed in Asia and are trading relatively flat in Europe. Japan's Nikkei dropped 0.7% as the yen advanced 1.0% against the U.S. dollar to 107.60--its highest level since November 2016. The euro is up 0.4% against the greenback at 1.2344.

West Texas Intermediate crude futures are down 0.9% at $58.78 per barrel after the IEA suggested increased U.S. output has weighed on prices in 2018.

In U.S. corporate news, Under Armour (UAA 14.23, +0.48) is up 11.0% in pre-market trading after reporting above-consensus sales and in-line earnings for the fourth quarter, and AmerisourceBergen (ABC 100.60, +11.15) is up 12.5% following a WSJ report that Walgreens Boot Alliance (WBA 67.60, -0.86) has made a takeover approach.

Today's lone economic report--the NFIB Small Business Optimism Index for January--was released earlier this morning, rising to 106.9 from 104.9 in December.

08:50AM ET
[BRIEFING.COM] S&P futures vs fair value: -9.00. Nasdaq futures vs fair value: -28.30.

The S&P 500 futures are nine points, or 0.3%, below fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note while Japan's Nikkei (-0.7%) underperformed after Monday's holiday closure. The People's Bank of China reportedly asked banks to temporarily halt new loan issuance after new loan growth hit a record in January. Bank of Japan Governor Haruhiko Kuroda spoke before parliament, reiterating that powerful easing must be maintained.

In economic data:
Japan's January PPI +0.3% month-over-month (expected 0.2%; last 0.2%); +2.7% year-over-year, as expected (last 3.1%). Machine Tool Orders +48.8% year-over-year (last 48.3%)
South Korea's January Import Price Index -2.4% year-over-year (last -0.9%) and Export Price Index -3.5% year-over-year (last -2.0%)
Australia's January NAB Business Confidence 12 (expected 10; last 11). January NAB Business Survey 19 (last 13)

---Equity Markets---

Japan's Nikkei lost 0.7%. Pioneer fell 10.0% while DOWA Holdings, Amada, Haseko, Nippon Electric Glass, Japan Steel Works, Toho, Yokohama Rubber, Toyota Motor, Bridgestone, and Okuma posted losses between 2.4% and 5.8%.
Hong Kong's Hang Seng climbed 1.3%. Sunny Optical Tech jumped 5.7% while AAC Technologies, Sands China, Galaxy Entertainment, and Tencent Holdings gained between 2.4% and 3.4%. Lenovo Group was the weakest performer, falling 2.1%.
China's Shanghai Composite advanced 1.0%. Inner Mongolia Eerduosi Resources, Besttone Holding, Shanghai Lubei Chemical, Luoyang Glass, and Baotou Huazi Industry gained between 5.9% and 10.0%.
India's Sensex was closed for Mahashivratri.

Major European indices trade in mixed fashion with Italy's MIB (-1.0%) showing relative weakness. Bank of England policymaker Ian McCafferty said that gradual rate hikes will be needed to bring inflation back to target in the next two to three years. Bank of Greece Governor Yanis Stournaras reiterated expectations for Greek GDP growth of 2.4% in 2018 and 2.5% in 2019.

In economic data:
UK's January CPI -0.5% month-over-month (expected -0.6%; last 0.4%); +3.0% year-over-year (consensus 2.9%; last 3.0%). January Core CPI +2.7% year-over-year (consensus 2.6%; last 2.5%). January Input PPI +0.7% month-over-month, as expected (last 0.6%) and Output PPI +0.1% month-over-month (expected 0.2%; last 0.4%). January House Price Index 5.2% year-over-year (expected 4.9%; last 5.0%)
France's Q4 Nonfarm Payrolls +0.3% quarter-over-quarter (expected 0.2%; last 0.2%)
Swiss January PPI +0.3% month-over-month (expected 0.2%; last 0.2%); +1.8% year-over-year (expected 0.9%; last 1.8%)

---Equity Markets---

UK's FTSE is higher by 0.3% with select miners and consumer names showing relative strength. Anglo American, Dixons Carphone, Tesco, Glencore, Antofagasta, Burberry, BHP Billiton, Rio Tinto, Carnival, Marks & Spencer, Next, InterContinental Hotels, and Taylor Wimpey are up between 0.4% and 2.3%.
Germany's DAX is lower by 0.1%. Deutsche Telekom is down 1.2% while Infineon, BMW, Adidas, and Volkswagen show losses between 0.3% and 0.8%. On the upside, Lufthansa has climbed 1.4%.
France's CAC trades down 0.1%. Kering has slid 3.0% in response to disappointing results while Louis Vuitton, Michelin, L'Oreal, and Schneider Electric hold losses between 0.4% and 2.0%.
Italy's MIB has slid 0.9% with bank stocks leading the retreat. Banca Generali, UBI Banca, UniCredit, Banco Bpm, and Bper Banca show losses between 1.3% and 3.7%.

08:25AM ET
[BRIEFING.COM] S&P futures vs fair value: -7.30. Nasdaq futures vs fair value: -21.30.

The S&P 500 futures are seven points, or 0.3%, below fair value.

This morning's weakness follows solid gains for the major averages on Monday; the Dow climbed 1.7%, the Nasdaq rose 1.6%, and the S&P 500 added 1.4%. Each of the S&P 500's eleven sectors finished Monday in the green, with eight adding at least 1.0%.

The consumer staples sector will be in focus today following PepsiCo's (PEP 111.00, -0.93) fourth quarter results, which showed above-consensus profits. Pepsi shares are down 0.8% in pre-market trading.

07:57AM ET
[BRIEFING.COM] S&P futures vs fair value: -7.80. Nasdaq futures vs fair value: -17.80.

The S&P 500 futures are trading eight points, or 0.3%, below fair value following back-to-back victories on Wall Street.

Despite the back-to-back wins, the stock market remains a ways below its record close on January 26 following several big sell offs earlier this month; the S&P 500 lost 2.1% on the 2nd, 4.1% on the 5th, and 3.8% on the 8th. The sell offs were attributed to several factors, including rising interest rates, bad bets on volatility, and the realization that stocks have gone too, far too fast.

Meanwhile, Treasury yields are mixed this morning, the U.S. dollar is down, and the price of crude oil is modestly lower:

The benchmark 10-yr yield is at 2.83% after finishing Monday at 2.86%--its highest level in four years.
The U.S. Dollar Index is down 0.5% at 89.55, with the greenback losing 0.5% against the euro (1.2349) and 1.1% against the yen (107.47).
West Texas Intermediate crude futures are down 0.3% at $59.14/bbl, giving back yesterday's modest win--which broke a six-session losing streak.

Today's lone economic report--the NFIB Small Business Optimism Index for January--was released earlier this morning, rising to 106.9 from 104.9 in December.

In U.S. corporate news:

Under Armour (UAA 15.97, +1.74): +12.2% after reporting better-than-expected sales for the fourth quarter.
AmerisourceBergen (ABC 105.90, +16.45): +18.4% following a WSJ report that Walgreens Boot Alliance (WBA 67.15, -1.31) has made a takeover approach.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note while Japan's Nikkei (-0.7%) underperformed after Monday's holiday closure. Hong Kong's Hang Seng +1.3%, China's Shanghai Composite +1.0%. India's Sensex was closed for Mahashivratri.
In economic data:
Japan's January PPI +0.3% month-over-month (expected 0.2%; last 0.2%); +2.7% year-over-year, as expected (last 3.1%). Machine Tool Orders +48.8% year-over-year (last 48.3%)
South Korea's January Import Price Index -2.4% year-over-year (last -0.9%) and Export Price Index -3.5% year-over-year (last -2.0%)
Australia's January NAB Business Confidence 12 (expected 10; last 11). January NAB Business Survey 19 (last 13)
In news:
The People's Bank of China reportedly asked banks to temporarily halt new loan issuance after new loan growth hit a record in January.
Bank of Japan Governor Haruhiko Kuroda spoke before parliament, reiterating that powerful easing must be maintained.

Major European indices trade in mixed fashion with Italy's MIB (-1.0%) showing relative weakness. UK's FTSE +0.2%, Germany's DAX -0.3%, France's CAC -0.4%.
In economic data:
UK's January CPI -0.5% month-over-month (expected -0.6%; last 0.4%); +3.0% year-over-year (consensus 2.9%; last 3.0%). January Core CPI +2.7% year-over-year (consensus 2.6%; last 2.5%). January Input PPI +0.7% month-over-month, as expected (last 0.6%) and Output PPI +0.1% month-over-month (expected 0.2%; last 0.4%). January House Price Index 5.2% year-over-year (expected 4.9%; last 5.0%)
France's Q4 Nonfarm Payrolls +0.3% quarter-over-quarter (expected 0.2%; last 0.2%)
Swiss January PPI +0.3% month-over-month (expected 0.2%; last 0.2%); +1.8% year-over-year (expected 0.9%; last 1.8%)
In news:
Bank of England policymaker Ian McCafferty said that gradual rate hikes will be needed to bring inflation back to target in the next two to three years.
Bank of Greece Governor Yanis Stournaras reiterated expectations for Greek GDP growth of 2.4% in 2018 and 2.5% in 2019.

05:52AM ET
[BRIEFING.COM] S&P futures vs fair value: -14.00. Nasdaq futures vs fair value: -29.80.

05:52AM ET
[BRIEFING.COM] Nikkei...21245...-137.90...-0.70%. Hang Seng...29839.53...+379.90...+1.30%.

05:52AM ET
[BRIEFING.COM] FTSE...7173.42...-3.60...-0.10%. DAX...12230.24...-52.50...-0.40%.

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


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