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 Thu Sep 20, 2018 3:48 pm

All times are UTC - 5 hours




Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: Feb 14th Wed Price Action Trade Result - Profit $5125.00
PostPosted: Wed Feb 14, 2018 8:07 pm 
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:
021418-wrbtrader-Price-Action-Trading-Broker-PnL-Statement-Profit+5125.00.png
021418-wrbtrader-Price-Action-Trading-Broker-PnL-Statement-Profit+5125.00.png [ 76.18 KiB | Viewed 17 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 @ $5,125.00 dollars or +102.50 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points and EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks. Total Profit @ $5,125.00 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=2753

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:
021418-TheStrategyLab-Chat-Room-Key-Markets.png
021418-TheStrategyLab-Chat-Room-Key-Markets.png [ 1.12 MiB | Viewed 14 times ]

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

The Market at 04:25PM ET
Dow: +253.04… | Nasdaq: +130.10… | S&P: +35.69…
NASDAQ Vol: 2.2 bln… Adv: 2200… Dec: 751…
NYSE Vol: 930.0 mln… Adv: 2080… Dec: 907…

Moving the Market

Top-weighted financials and technology sectors lead market higher

Consumer Price Index for January comes in hotter than expected (+0.5% actual vs +0.4% Briefing.com consensus), but stays steady on year-over-year basis

Retail Sales for January disappoint (-0.3% actual vs +0.2% Briefing.com consensus)

Sector Watch
Strong: Financials, Consumer Discretionary, Technology
Weak: Consumer Staples, Utilities, Telecom Services, Real Estate

04:25PM ET

[BRIEFING.COM] U.S. equities advanced for a fourth consecutive session on Wednesday, overcoming a hotter-than-expected January CPI reading. The Nasdaq Composite led the rally, adding 1.9%, followed by the S&P 500 (+1.3%) and the Dow Jones Industrial Average (+1.0%), both of which returned to positive territory for the year. The Russell 2000 added 1.8%.

The S&P 500 futures were up modestly in overnight trading, but dove more than 1.0% below fair value following the release of the Consumer Price Index for January, which prompted fears that inflation is picking up: total CPI increased 0.5% month over month (Briefing.com consensus +0.4%), while core CPI, which excludes food and energy, rose 0.3% (Briefing.com consensus +0.2%).

However, the market bounced back after investors had time to further digest the report, which, on a year-over-year basis, wasn't all that alarming: total CPI and core CPI are up 2.1% and 1.8% year over year, respectively, which is in line with where they've been for months.

The major stock indices opened with losses between 0.2% and 0.6%, but quickly bounced into positive territory. Stocks really started taking off at around noon ET and never looked back, with the Nasdaq, the S&P 500, and the Dow each closing near their best marks of the day.

Cyclical sectors like financials (+2.3%), technology (+2.0%), consumer discretionary (+1.6%), industrials (+1.2%), energy (+1.4%), and materials (+1.3%) led the charge, indicating that investors grew more comfortable with the inflation data, which is ultimately consistent with a growing economy and increased corporate earnings.

The countercyclical health care space (+1.1%) also outperformed, but the consumer staples (-0.1%), utilities (-1.2%), telecom services (-0.7%), and real estate (-0.6%) groups lagged.

In the bond market, U.S. Treasuries were weak ahead of the release of Wednesday's economic data--which also included a disappointing Retail Sales report for January (-0.3% actual vs +0.2% Briefing.com consensus)--and extended their losses in the aftermath, pushing yields higher across the curve. The benchmark 10-yr yield climbed eight basis points to 2.91%, which marks its highest level in more than four years.

Meanwhile, the U.S. Dollar Index declined 0.8% to 88.88 as the greenback gave up ground against the euro (1.2459), the British pound (1.4007), and the Japanese yen (106.97). The dollar/yen pair fell 0.8%, hitting its lowest level since November 2016.

Dollar weakness helped commodities, including crude oil; West Texas Intermediate crude futures climbed 2.3% to $60.57 per barrel. On a related note, the Department of Energy reported that U.S. crude inventories rose by 1.8 million barrels last week, which was roughly in line with estimates.

Looking ahead, investors will receive a big batch of economic data on Thursday. The Producer Price Index for January (Briefing.com consensus +0.4%), Industrial Production for January (Briefing.com consensus +0.2%), and Capacity Utilization for January (Briefing.com consensus 78.0%) are the most notable reports on the docket, but see Briefing.com's Economic Calendar for a full list.

Nasdaq Composite: +3.5% YTD
S&P 500: +0.9% YTD
Dow Jones Industrial Average: +0.7% YTD
Russell 2000: -0.9% YTD

Dow: +253.04… | Nasdaq: +130.10… | S&P: +35.69…
NASDAQ Adv/Dec 2200/751. …NYSE Adv/Dec 2080/907.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 1.39% at 87.9944
Dollar index is currently down 0.69% at 89.08
Mar WTI crude is higher on the day.
Crude oil inventories had a build of 1.8 mln barrels
Futures settled up $1.37 at $60.57/barrel.
In other energy, Mar Natural Gas settled up $0.01 at $2.60/MMBtu
On the metals:
Apr Gold gained $25.20 to settle at $1355.60/oz, while Mar silver gained $0.36 to $16.89/oz
Mar Copper gained $0.07 to $3.23/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.67/bu.
Mar soy settled flat at $10.17/bu.
Mar Wheat settled down $0.01 at $4.55/bu.

Dow: +263.18… | Nasdaq: +129.05… | S&P: +36.03…
NASDAQ Adv/Dec 1051/624. …NYSE Adv/Dec 2080/884.

03:00PM ET

[BRIEFING.COM] The stock market is cruising towards its fourth consecutive victory; the S&P 500 is up 1.2% with one hour of trading to go.

Tonight's earnings lineup will feature Cisco Systems (CSCO 41.96, +0.73), Applied Materials (AMAT 51.70, +2.13), Marriott (MAR 144.57, +3.96), and CenturyLink (CTL 17.74, +0.53).

There aren't many notable companies on tomorrow morning's earnings docket, but investors will receive the Producer Price Index for January (Briefing.com consensus +0.4%), Industrial Production (Briefing.com consensus +0.2%) and Capacity Utilization (Briefing.com consensus 78.0%) for January, and weekly Initial Claims (Briefing.com consensus 227K), among several other pieces of economic data.
Dow: +209.14… | Nasdaq: +117.02… | S&P: +32.04…
NASDAQ Adv/Dec 1285/608. …NYSE Adv/Dec 2115/841.

02:25PM ET

[BRIEFING.COM] Stocks are trading at session highs, with the Nasdaq up 1.7%, the S&P 500 higher by 1.2%, and the Dow sporting a gain of 0.9%.

Six of eleven sectors hold gains of at least 1.0%, including financials (+1.8%), consumer discretionary (+1.5%), energy (+1.6%), materials (+1.1%), technology (+1.5%), and health care (+1.1%). On the downside, the lightly-weighted materials (-0.8%), telecom services (-0.3%), and real estate (-0.8%) groups are trading in the red.

Elsewhere, the U.S. Dollar Index (89.02, -0.58) has fallen to a new session low, extending its loss to 0.7% from 0.4% at noon ET.
Dow: +201.09… | Nasdaq: +117.30… | S&P: +31.13…
NASDAQ Adv/Dec 1424/586. …NYSE Adv/Dec 2106/844.

02:00PM ET

[BRIEFING.COM] Treasuries are pinned on their lows of the day, which is interesting considering stocks are tagging their highs of the day. The 10-yr yield is up eight basis points to 2.91%.

The disparate action would seemingly suggests stocks are comfortable with the idea that a little bit of inflation is a good thing and that today's CPI report wasn't as bad as first advertised with the month-over-month headline readings.

Rising inflation goes hand-in-hand with a growing economy (or that is at least the textbook view) and a growing economy should translate into good earnings growth; hence, we see today's leadership sectors in the stock market are cyclical sectors, namely financial (+1.8%), information technology (+1.4%), consumer discretionary (+1.4%), and energy (+1.4%).

With the weakness in the Treasury market and the resilience (and bullish bias) of the stock market, it will be insinuated that the latter may be an offshoot of a rotation out of bonds and into stocks. It is reasonable to assume, however, that short-covering activity is also helping to fuel the stock market's gains.
Dow: +175.85… | Nasdaq: +107.62… | S&P: +30.43…
NASDAQ Adv/Dec 1467/619. …NYSE Adv/Dec 2072/867.

01:30PM ET

[BRIEFING.COM] The major U.S. indices are at their best levels of the days as investors shrug off this morning's inflation report and the resulting move in the U.S. 10-year Treasury note. As covered earlier, total CPI increased 0.5% in January (Briefing.com consensus +0.4%) while core CPI, which excludes food and energy, jumped 0.3% (Briefing.com consensus +0.2%), which was its largest month-over-month change since January 2017. The key takeaway from the CPI report is that this data will continue to stoke rate-hike fears that should contribute to increased volatility in the capital markets.

A look inside the Dow Jones Industrial Average shows that Nike (NKE 67.64, +1.77), Cisco (CSCO 42.19, +0.96), & JP Morgan (JPM 114.73, +2.30) are outperforming amid broad market strength. Cisco is among the Dow's top gainers ahead of this evening's quarter earnings report.

Conversely, Procter & Gamble (PG 80.80, -0.70) is the worst-performing Dow component as consumer staples mostly sit-out today's market rally.

For the week, the DJIA is currently +2.5%.
Dow: +158.55… | Nasdaq: +99.91… | S&P: +28.27…
NASDAQ Adv/Dec 1453/6873. …NYSE Adv/Dec 2025/904.

01:00PM ET

[BRIEFING.COM] Stocks have shown some resilience today, bouncing back from early weakness related to a hotter-than-expected CPI reading for January. The Nasdaq is up 1.2%, the S&P 500 is higher by 0.8%, and the Dow holds a gain of 0.3%, which puts all three major averages on track for a fourth consecutive victory. The small-cap Russell 2000 is also higher, up 1.1%.

The three major indices opened with losses between 0.2% and 0.6%, and equity futures tumbled more than 1.0% in pre-market action immediately following the release of the Consumer Price Index for January, which showed a month-over-month increase of 0.5% (Briefing.com consensus +0.4%). The core Consumer Price Index, which excludes food and energy, also rose more than expected, climbing 0.3% (Briefing.com consensus +0.2%).

The two readings initially elicited fear that the Fed will have to be more aggressive in its path to normalization. However, the realization that consumer inflation isn't taking off on a year-over-year basis has helped temper concerns; total CPI and core CPI are up 2.1% and 1.8% year over year, respectively, which is roughly in line with past months.

Investors also received the Retail Sales report for January this morning, which proved to be a disappointment; retails sales decreased 0.3% month over month, while the Briefing.com consensus expected an increase of 0.2%. The Atlanta Fed lowered is first quarter GDP forecast to 3.2% from 4.0% in response. In addition, the December reading was revised to 0.0% from +0.4%.

U.S. Treasuries fell from their flat lines following the release of the economic data, sending yields higher across the curve. The yield on the benchmark 10-yr Treasury note is up six basis points at 2.89%, which is its highest level in more than four years, while the 2-yr yield is up seven basis points at 2.16%.

As for equities, seven of eleven S&P 500 sectors are trading in the green, with the heavily-weighted financials (+1.2%), consumer discretionary (+1.1%), and technology (+1.0%) sectors leading the charge. The rate-sensitive utilities (-0.6%) and real estate (-1.3%) groups trade at the back of the pack.

In corporate news, Chipotle Mexican Grill (CMG 287.87, +36.35) has jumped 14.5% after naming Taco Bell CEO Brian Niccol as its new chief executive.

Elsewhere, West Texas Intermediate crude futures are up 0.5% at $59.50 per barrel after the Energy Information Administration reported that U.S. crude oil inventories rose by 1.8 million barrels last week. That increase is roughly in line with estimates, but about 2.0 million barrels less than last night's API reading. WTI crude futures were down 0.9% prior to the EIA release.
Dow: +72.95… | Nasdaq: +82.25… | S&P: +19.09…
NASDAQ Adv/Dec 1500/715. …NYSE Adv/Dec 1864/1048.

12:25PM ET

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

In Europe, the major bourses ended a volatile day of trading on a positive note; the UK's FTSE added 0.6%, while Germany's DAX and France's CAC climbed 1.2% and 1.1%, respectively. The euro is up 0.3% against the U.S. dollar at 1.2392, while the pound is up 0.5% against the greenback at 1.3959.

Meanwhile, the Japanese yen has added 0.7% on the dollar, climbing to its highest level since November 2016 (107.02).
Dow: +12.21… | Nasdaq: +62.04… | S&P: +12.17…
NASDAQ Adv/Dec 1567/679. …NYSE Adv/Dec 1817/1080.

11:55AM ET

[BRIEFING.COM] Stocks continue trading near their recent levels, with the S&P 500 sporting a gain of 0.4%. The tech-heavy Nasdaq (+0.9%) is outperforming.

The S&P 500's two most influential sectors, technology and financials, are the top-performing groups today, sporting gains of around 1.0% apiece.

Within the tech space, Facebook (FB 177.92, +4.75) is up 2.7%, bouncing back from two consecutive losses, and Netflix (NFLX 268.97, +10.65) is up 4.1% after SunTrust raised its target price to $270 from $175. Chipmakers are also strong, pushing the PHLX Semiconductor Index higher by 1.1%.

Meanwhile, financials have risen alongside Treasury yields; the benchmark 10-yr yield is up six basis points at 2.89%, which is a four-year high.
Dow: -17.07… | Nasdaq: +60.71… | S&P: +9.11…
NASDAQ Adv/Dec 1529/732. …NYSE Adv/Dec 1736/1132.

11:30AM ET

[BRIEFING.COM] Wall Street is having a pretty good day, especially considering the initial reaction to the Consumer Price Index for January, which intensified fears of inflation.

The CPI increased 0.5% in January, 0.1% more than the Briefing.com consensus was anticipating. Meanwhile, the core CPI, which excludes food and energy, jumped 0.3% (Briefing.com consensus +0.2%), which was its largest month-over-month change since January 2017.

Investors fear that the increase in prices may prompt the Fed to raise rates at a faster pace. The CME FedWatch Tool, which gauges the market's rate-hike expectations, puts the chances of a rate hike in March at 83.1%, up from 76.1% on Tuesday.
Dow: +20.00… | Nasdaq: +60.01… | S&P: +11.01…
NASDAQ Adv/Dec 1640/712. …NYSE Adv/Dec 1740/1112.

10:55AM ET

[BRIEFING.COM] Equity indices have jumped into positive territory after opening with modest losses, with the Nasdaq (+0.8%) showing particular strength. The S&P 500 is up 0.4%, while the Dow Jones Industrial Average is higher by 0.1%.

The Department of Energy reported 30 minutes ago that U.S. crude oil inventories rose by 1.8 million barrels last week. That increase is roughly in line with estimates, but about 2.0 million barrels less than last night's reading from the American Petroleum Institute. WTI crude futures were down 0.9% ahead of the release and now trade higher by 0.4% at $59.45 per barrel.

The S&P 500's energy sector also rose following the release, going from -0.5% to +0.2%.
Dow: +22.34… | Nasdaq: +52.96… | S&P: +9.57…
NASDAQ Adv/Dec 1718/714. …NYSE Adv/Dec 1794/1026.

10:30AM ET

[BRIEFING.COM] Commodities begin the day higher:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.5% at 87.2248
Dollar index is currently down 0.2% at 89.52
Mar WTI crude is down 0.17% on the day.
Crude oil inventories had a build of 1.8 mln barrels
Futures are $0.10 lower to $59.09/barrel.
In other energy, Mar natural gas is up $0.01 at $2.6/MMBtu
Metals:
Apr gold gained $18.10 and trades at $1348.50/oz, while Mar silver gained $0.22 to $16.75/oz
Mar copper gained 0.05 to $3.21/lb
Finally, agriculture:
Mar corn is up $0.01 at $3.68/bu.
Mar soy is up $0.01 at $10.13/bu.
Mar wheat is down $0.04 at $4.57/bu.

Dow: +10.64… | Nasdaq: +44.9… | S&P: +6.54…
NASDAQ Adv/Dec 1866/800. …NYSE Adv/Dec 1593/1220.

10:05AM ET

[BRIEFING.COM] Equity indices have trimmed their opening losses, with the Nasdaq popping into the green.

Just in, Business Inventories increased 0.4% in December (Briefing.com consensus +0.3%). The November reading was left unrevised at +0.4%.
Dow: -95.28… | Nasdaq: +1.00… | S&P: -8.43…
NASDAQ Adv/Dec 1281/1299. …NYSE Adv/Dec 1029/1709.

09:40AM ET

[BRIEFING.COM] The major stock indices are lower in early action, showing losses between 0.2% and 0.6%.

11 of 11 S&P 500 sectors are trading in the red, with the lightly-weighted utilities (-1.1%), telecom services (-1.0%), and real estate (-1.8%) groups pacing the retreat. Conversely, the heavily-weighted financial sector (-0.1%) is the best-performing group, and the top-weighted technology sector (-0.2%) is also outperforming.

As a reminder, Business Inventories for December (Briefing.com consensus +0.3%) will be released at 10:00 AM ET.
Dow: -102.11… | Nasdaq: -11.19… | S&P: -10.53…
NASDAQ Adv/Dec 1002/1581. …NYSE Adv/Dec 725/1956.

09:15AM ET
[BRIEFING.COM] S&P futures vs fair value: -19.80. Nasdaq futures vs fair value: -49.00.

Futures gave back their overnight gains following the release of the Consumer Price Index for January and now point to a solidly lower open for the U.S. equity market. The S&P 500 futures are trading 20 points, or 0.7%, below fair value after being up around 0.4% ahead of the CPI release.

The Consumer Price Index increased 0.5% in January, 0.1% more than the Briefing.com consensus had anticipated, and the core Consumer Price Index, which excludes the volatile categories of food and energy, rose 0.3% (Briefing.com consensus +0.2%). The readings have elicited concerns that the Fed may have to hike rates at a faster pace to fend off inflation.

In addition, the Retail Sales report for January disappointed, showing a decrease of 0.3% (Briefing.com consensus +0.2%).

U.S. Treasuries have sold off following the economic releases, pushing the benchmark 10-yr yield three basis points higher to 2.86%, which ties this week's high. Before this week, the 10-yr yield hadn't closed at 2.86% in more than four years. Meanwhile, the 2-yr yield is up four basis points at 2.13%.

Today's last piece of economic data, Business Inventories for December (Briefing.com consensus +0.3%), will be released at 10:00 AM ET.

In corporate news, Chipotle Mexican Grill (CMG 279.34, +28.01) is up 11.1% in pre-market trading after naming former Taco Bell CEO Brian Niccol as its new chief executive. Fossil (FOSL 16.31, +7.34) has also spiked, jumping 81.2%, after blowing past earnings and revenue estimates for the holiday season.

08:50AM ET
[BRIEFING.COM] S&P futures vs fair value: -30.30. Nasdaq futures vs fair value: -70.30.

The S&P 500 futures trade 30 points, or 1.1%, below fair value.

Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note, but Japan's Nikkei (-0.4%) underperformed as the yen climbed above its high from last year. The International Monetary Fund commented on South Korea, saying the country's monetary policy should remain accommodative and fiscal policy should become much more expansionary. Investor participation is set to decline significantly over the next week as the region begins celebrating Lunar New Year.

In economic data:
Japan's Q4 GDP +0.1% quarter-over-quarter (expected 0.2%; last 0.6%); +0.5% year-over-year (consensus 0.9%; last 2.2%). Q4 GDP Capital Expenditure +0.7% quarter-over-quarter (expected 1.1%; last 1.0%) and GDP External Demand 0.0% quarter-over-quarter (expected 0.4%; last 0.5%). GDP Price Index 0.0% year-over-year, as expected (last 0.2%). Q4 GDP Private Consumption +0.5% quarter-over-quarter (expected 0.4%; last -0.6%)
Singapore's Q4 GDP +2.1% quarter-over-quarter (expected 2.0%; last 2.8%); +3.6% year-over-year (consensus 2.9%; last 3.1%)
China's January FDI +0.3% (last 7.9%)
New Zealand's Inflation Expectations 2.1% quarter-over-quarter (expected 2.0%). January FPI +1.2% month-over-month (last -0.8%)
Australia's February Westpac Consumer Sentiment -2.3% (last 1.8%)
South Korea's January Unemployment Rate 3.6% (last 3.7%)

---Equity Markets---

Japan's Nikkei lost 0.4%. Mitsubishi Materials, Nitto Denko, Credit Saison, Yamaha Motor, Furukawa Electric, Kyocera, Konami, Softbank, Okuma, Toyota Motor, Panasonic, and Olympus lost between 1.8% and 9.0%.
Hong Kong's Hang Seng jumped 2.3% amid broad strength. Financials and property names led with Hang Seng Bank, China Overseas, China Construction Bank, ICBC, BoC Hong Kong, Bank of China, Ping An Insurance, SHK Properties, HSBC, and New World Development posted gains between 2.5% and 7.6%.
China's Shanghai Composite rose 0.5%. Ginwa Enterprise Group, Zhongchang Bigdata, Fangda Special Steel Technology, Lawton Development, and Beijing Dynamic Power gained between 6.5% and 9.5%.
India's Sensex lost 0.4%. Yes Bank, which was added to the index on Monday, was the weakest performer, falling 4.4% while SBI, AXIS Bank, ICICI Bank, and Kotak Mahindra Bank posted losses between 0.5% and 4.1%. On the upside, Wipro, Reliance Industries, and Coal India all added near 2.0% apiece.

Major European indices trade lower across the board, giving up earlier gains after the U.S. Consumer Price Index for January came in hotter than expected (+0.5% actual vs +0.4% Briefing.com consensus). In Germany, Martin Schulz stepped down from his post and Andrea Nahles has been nominated to lead SPD. French President Emmanuel Macron is expected to reinstate compulsory military service for young citizens. Mr. Macron also expressed willingness to strike Syria if he sees enough proof that the Syrian regime is using chemical weapons against civilians.

In economic data:
Eurozone Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.6%); +2.7% year-over-year, as expected (last 2.7%). December Industrial Production +0.4% month-over-month (expected 0.1%; last 1.3%); +5.2% year-over-year (consensus 4.2%; last 3.7%)
Germany's Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.7%); +2.3% year-over-year, as expected (last 2.2%). January CPI -0.7% month-over-month, as expected (last -0.7%); +1.6% year-over-year, as expected (last 1.6%)
Italy's Q4 GDP +0.3% quarter-over-quarter (expected 0.4%; last 0.4%); +1.6% year-over-year, as expected (last 1.7%)

---Equity Markets---

Germany's DAX trades down 0.7%. Thyssenkrupp (-1.4%), BASF (-1.2%), and Volkswagen (-1.5%) are the weakest performers, while RWE (+2.5%) and Vonovia (+2.1%) are the strongest.
UK's FTSE has shed 0.1%. Tui (-6.4%) and Standard Life (-4.0%) are trading at the back of the pack, while Provident Financial (+7.2%) and Merlin Entertainment (3.2%) outperform.
France's CAC is down 0.2%. Credit Agricole (-3.7%), Total (-1.2%), and Michelin (-1.0%) are leading the retreat, while Publicis Groupe (+2.8%) shows relative strength.


08:35AM ET
[BRIEFING.COM] S&P futures vs fair value: -28.00. Nasdaq futures vs fair value: -71.80.

The S&P 500 futures trade 28 points, or 1.1%, below fair value.

Just in, total CPI increased 0.5% (Briefing.com consensus +0.4%) in January while core CPI, which excludes food and energy, rose 0.3% (Briefing.com consensus +0.2%). On a year-over-year basis, total CPI is up 2.1% (from 2.1% in December) and core CPI is up 1.8% (from 1.8% in December).

Separately, January retail sales decreased 0.3% (Briefing.com consensus +0.2%). The prior month's reading was revised to 0.0% from +0.4%. Excluding autos, retail sales were flat in January (0.0%) while the Briefing.com consensus expected an increase of 0.4%. The prior month's increase was revised to 0.1% from 0.4%.

07:56AM ET
[BRIEFING.COM] S&P futures vs fair value: +10.00. Nasdaq futures vs fair value: +33.30.

U.S. equities have advanced in each of the last three sessions and look poised to begin today's trading in the green as well; the S&P 500 futures trade 10 points, or 0.4%, above fair value.

However, a hotter-than-expected Consumer Price Index for January, which will cross the wires at 8:30 AM ET, could disrupt the upward momentum, stirring fears over inflation--and thereby fears that the Fed will have to take a more aggressive path to normalization.

The Briefing.com consensus expects a 0.4% month-over-month increase in the CPI and a 0.2% increase in the core CPI, which excludes food and energy.

In addition, Retail Sales for January (Briefing.com consensus +0.2%) will also be released at 8:30 AM ET, and Business Inventories for December (Briefing.com consensus +0.3%) will cross the wires at 10:00 AM ET.

Meanwhile, West Texas Intermediate crude futures are down 0.7% at $58.80 per barrel after the American Petroleum Institute reported on Tuesday evening that U.S. crude stockpiles increased by 3.9 million barrels last week. The official government figures will be released at 10:30 AM ET.

In the bond market, U.S. Treasuries are mixed this morning, with shorter-dated issues showing relative weakness. The yield on the 2-yr Treasury note is up two basis points at 2.11%, while the benchmark 10-yr yield is flat at 2.83%. Yields move inversely to prices.

Elsewhere, equity indices in Asia ended Wednesday mixed, while the Euro Stoxx 50 is higher by 0.6%. The U.S. dollar is down 0.5% against the yen at 107.27, its lowest level since November 2016, but trades flat against the euro at 1.2349.

In U.S. corporate news:

Chipotle Mexican Grill (CMG 281.43, +30.10): +12.0% after hiring Taco Bell CEO Brian Niccol as its new chief executive.
Fossil (FOSL 15.60, +6.56): +72.6% after blowing past Q4 earnings and revenue estimates.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note, but Japan's Nikkei (-0.4%) underperformed as the yen climbed above its high from last year. Hong Kong's Hang Seng +2.3%, China's Shanghai Composite +0.5%, India's Sensex -0.4%.
In economic data:
Japan's Q4 GDP +0.1% quarter-over-quarter (expected 0.2%; last 0.6%); +0.5% year-over-year (consensus 0.9%; last 2.2%). Q4 GDP Capital Expenditure +0.7% quarter-over-quarter (expected 1.1%; last 1.0%) and GDP External Demand 0.0% quarter-over-quarter (expected 0.4%; last 0.5%). GDP Price Index 0.0% year-over-year, as expected (last 0.2%). Q4 GDP Private Consumption +0.5% quarter-over-quarter (expected 0.4%; last -0.6%)
Singapore's Q4 GDP +2.1% quarter-over-quarter (expected 2.0%; last 2.8%); +3.6% year-over-year (consensus 2.9%; last 3.1%)
China's January FDI +0.3% (last 7.9%)
New Zealand's Inflation Expectations 2.1% quarter-over-quarter (expected 2.0%). January FPI +1.2% month-over-month (last -0.8%)
Australia's February Westpac Consumer Sentiment -2.3% (last 1.8%)
South Korea's January Unemployment Rate 3.6% (last 3.7%)
In news:
The International Monetary Fund commented on South Korea, saying the country's monetary policy should remain accommodative and fiscal policy should become much more expansionary.
Investor participation is set to decline significantly over the next week as the region begins celebrating Lunar New Year.

Major European indices trade higher across the board while the euro (1.2342) has been unable to hold its overnight gain. Germany's DAX +0.7%, UK's FTSE +0.8%, France's CAC +0.9%.
In economic data:
Eurozone Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.6%); +2.7% year-over-year, as expected (last 2.7%). December Industrial Production +0.4% month-over-month (expected 0.1%; last 1.3%); +5.2% year-over-year (consensus 4.2%; last 3.7%)
Germany's Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.7%); +2.3% year-over-year, as expected (last 2.2%). January CPI -0.7% month-over-month, as expected (last -0.7%); +1.6% year-over-year, as expected (last 1.6%)
Italy's Q4 GDP +0.3% quarter-over-quarter (expected 0.4%; last 0.4%); +1.6% year-over-year, as expected (last 1.7%)
In news:
In Germany, Martin Schulz stepped down from his post and Andrea Nahles has been nominated to lead SPD.
French President Emmanuel Macron is expected to reinstate compulsory military service for young citizens. Mr. Macron also expressed willingness to strike Syria if he sees enough proof that the Syrian regime is using chemical weapons against civilians.

05:52AM ET
[BRIEFING.COM] S&P futures vs fair value: +10.50. Nasdaq futures vs fair value: +33.50.

05:52AM ET
[BRIEFING.COM] Nikkei...21154...-90.50...-0.40%. Hang Seng...30516...+676.10...+2.30%.

05:52AM ET
[BRIEFING.COM] FTSE...7211.98...+44.00...+0.60%. DAX...12284.24...+87.70...+0.70%.

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