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 Post subject: Feb 15th Thurs Price Action Trade Result - Profit $3850.00
PostPosted: Fri Feb 16, 2018 12:35 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
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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Attachment:
021518-wrbtrader-Price-Action-Trading-Broker-PnL-Statement-Profit+3850.00.png
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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 @ $3,850.00 dollars or +77.00 points, Light Crude Oil CL ($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 @ $3,850.00 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=2754

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.


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

The Market at 04:30PM ET
Dow: +306.88… | Nasdaq: +112.81… | S&P: +32.57…
NASDAQ Vol: 2.11 bln… Adv: 1127… Dec: 845…
NYSE Vol: 826.2 mln… Adv: 2056… Dec: 912…

Moving the Market

S&P 500 crosses 50-day moving average for first time since last week's big sell off

Investors continue to wrestle with higher interest rates

Cisco Systems (CSCO) rallies after reporting better-than-expected earnings and raising its guidance for the current quarter; top-weighted tech group outperforms

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

04:30PM ET

[BRIEFING.COM] Stocks cruised to their fifth consecutive victory on Thursday, pushing the S&P 500 above its 50-day simple moving average (2722.93) for the first time since last week's big sell off. The S&P 500 finished with a gain of 1.2%, while the Nasdaq Composite and the Dow Jones Industrial Average climbed 1.6% and 1.2%, respectively.

After a failed attempt to crack its 50-day simple moving average at the opening bell, the S&P 500 finally managed to break through in the early afternoon and continued climbing from there. The benchmark index approached the key technical level from the other side shortly before the closing bell, but, this time, it proved to be a level of support.

The major averages finished Thursday at their best marks of the day. At their lows, the S&P 500, the Nasdaq, and the Dow were down around 0.3% apiece.

Investors received a large batch of economic data on Thursday, highlighted by the Producer Price Index for January. The PPI reading came in as expected, showing a month-over-month increase of 0.4%, while the core PPI reading, which excludes food and energy, rose more than expected, jumping 0.4% (Briefing.com consensus +0.2%). The key takeaway from the report is that producer prices are rising, which will feed the Treasury market's concerns about a pass through to consumers.

U.S. Treasuries settled Thursday mostly higher, pulling the yield on the benchmark 10-yr Treasury note down from a four-year high; the 10-yr yield slipped two basis points to 2.89%. The 10-yr yield traded at around 2.94% in pre-market action, but began losing ground even before the release of the aforementioned economic data. Meanwhile, the 2-yr yield finished higher by one basis point at 2.18%, which is its highest level in nearly a decade.

On Wall Street, 10 of 11 S&P 500 sectors finished in positive territory with technology (+1.9%), industrials (+1.5%), consumer staples (+1.6%), utilities (+2.1%), and telecom services (+1.4%) leading the charge. The energy sector (-0.4%) was the lone laggard, even though WTI crude futures climbed 1.3% to $61.39 per barrel.

Within the tech space, Cisco Systems (CSCO 44.08, +1.99) rallied 4.7% to its best level in nearly 20 years after reporting better-than-expected profits for the previous quarter and raising its earnings and revenue guidance for the current quarter. Meanwhile, Apple (AAPL 172.99, +5.62) climbed 3.4%, crossing its 50-day simple moving average for the first time in three weeks.

Elsewhere, the U.S. Dollar Index, which measures the dollar against a basket of other currencies, returned to the three-year low it hit earlier this month, dropping 0.5% to 88.51. The greenback lost 0.4% against the euro (1.2497), 0.7% against the British pound (1.4091), and 0.8% against the Japanese yen (106.16).

Reviewing Thursday's big batch of economic data, which included the Producer Price Index for January, Industrial Production and Capacity Utilization for January, weekly Initial Claims, the Empire Manufacturing Survey for February, the Philadelphia Fed Survey for February, and the NAHB Housing Market Index for February:

Producer prices rose 0.4% in January (Briefing.com consensus +0.4%) and core producer prices increased 0.4% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 2.7% and core producer prices have risen 2.2%.
The key takeaway from the report is that producer prices are rising, which will feed the Treasury market's concerns about a pass through to consumers.
Industrial Production decreased 0.1% in January (Briefing.com consensus +0.2%), while the December reading was revised to +0.4% (from +0.9%). Capacity Utilization ticked down to 77.5% (Briefing.com consensus 78.0%) from a revised reading of 77.7% in December (from 77.9%).
The key takeaway from the report is that the downturn was driven entirely by mining output (-1.0%), although it is notable that manufacturing output was unchanged for the second consecutive month.
The latest weekly initial jobless claims count totaled 230,000, while the Briefing.com consensus expected a reading of 227,000. Today's tally was above the revised prior week count of 223,000 (from 221,000). As for continuing claims, they rose to 1.942 million from a revised count of 1.927 million (from 1.923 million).
The key takeaway from the report is that the low level of initial claims is a reflection of a tight labor market and a period of increased demand when employers are reluctant to cut staff.
The Empire Manufacturing Survey for February declined to 13.1 (Briefing.com consensus 19.0) from the prior month's unrevised reading of 17.7.
Manufacturing activity in the New York Fed region is still in expansion mode, but the key takeaway is that the prices paid index is at its highest level in nearly six years.
The Philadelphia Fed Survey for February increased to 25.8 (Briefing.com consensus 22.0) from an unrevised 22.2 in January.
The key takeaway from the report is that manufacturing activity in the Philadelphia Fed region has accelerated, with cost pressures being reported as more widespread.
The NAHB Housing Market Index for February came in at 72 (Briefing.com consensus 73), unchanged from January.

On Friday, investors will receive another big batch of data, including Housing Starts (Briefing.com consensus 1240K) and Building Permits (Briefing.com consensus 1300K) for January, Import and Export Prices for January, and the preliminary reading of the University of Michigan Consumer Sentiment Index for February (Briefing.com consensus 95.5). The first four pieces of data will be released at 8:30 AM ET, while the Michigan Consumer Sentiment Index will cross the wires at 10:00 AM ET.

Nasdaq Composite: +5.1% YTD
S&P 500: +2.2% YTD
Dow Jones Industrial Average: +2.0% YTD
Russell 2000: +0.1% YTD

Dow: +306.88… | Nasdaq: +112.81… | S&P: +32.57…
NASDAQ Adv/Dec 1127/845. …NYSE Adv/Dec 2056/912.

03:30PM ET

[BRIEFING.COM] Commodities end the day higher :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.3% at 88.2377
Dollar index is currently down 0.5% at 88.46
Mar WTI Crude is up 1.3% on the day.
Futures settle $0.79 higher to $61.39/barrel.
In other energy, Mar Natural Gas settled down $0.01 at $2.58/MMBtu
On the metals:
Apr Gold lost $2.4 to settle at $1355.6/oz, while Mar silver lost $0.08 to $16.8/oz
Mar copper settled flat at $3.24/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.68/bu.
Mar soy settled flat at $10.24/bu.
Mar Wheat settled down $0.01 at $4.61/bu.

Dow: +250.58… | Nasdaq: +99.95… | S&P: +26.28…
NASDAQ Adv/Dec 2010/939. …NYSE Adv/Dec 1983/378.

03:00PM ET

[BRIEFING.COM] Equities are trading at fresh session highs moving into the final hour of trading, on track for their fifth consecutive victory. The S&P 500 is up 0.9%.

Looking ahead, investors will receive another big batch of economic data tomorrow, including Housing Starts (Briefing.com consensus 1240K) and Building Permits (Briefing.com consensus 1300K) for January, Import and Export Prices for January, and the preliminary reading of the University of Michigan Consumer Sentiment Index for February (Briefing.com consensus 95.5).

As for earnings, Coca-Cola (KO 44.57, +0.47), Kraft Heinz (KHC 72.33, +0.41), and Deere (DE 165.74, +2.46) will report their quarterly results before the opening bell.
Dow: +218.82… | Nasdaq: +94.52… | S&P: +24.61…
NASDAQ Adv/Dec 1570/850. …NYSE Adv/Dec 1972/964.

02:35PM ET

[BRIEFING.COM] Still within their daily ranges all three major averages continue at a higher pace into the late afternoon; the Nasdaq Composite keeps its advantage over the remaining two indices, up 1.3%, while the Dow Jones Industrial Average and the S&P 500 hover near +0.9%.

Within the currency market, the U.S. Dollar Index declined for the fourth consecutive session, losing 0.4%, with the greenback losing 0.4% against the euro (1.2498), 0.6% against the yen (106.32), and 0.6% against the pound (1.4084).

In cryptocurrencies, Bitcoin has climbed 9.5% today, crossing the 10,000 mark for the first time this month.
Dow: +224.94… | Nasdaq: +95.29… | S&P: +24.63…
NASDAQ Adv/Dec 1524/897. …NYSE Adv/Dec 1925/996.

02:00PM ET

[BRIEFING.COM] Stocks have been ticking higher in recent action with the S&P 500 challenging its 50-day simple moving average for the second time today. The benchmark index is up 0.8%, while the tech-heavy Nasdaq is up 1.1% and the Dow Jones Industrial Average is higher by 0.8%.

10 of 11 sectors are trading in the green this afternoon with the technology (+1.3%), consumer staples (+1.1%), and utilities (+1.5%) sectors being the top performers. The energy sector (-0.1%) is the lone laggard, despite an increase in the price of crude oil; WTI crude futures are up 0.6% at $60.97 per barrel.
Dow: +198.49… | Nasdaq: +81.71… | S&P: +20.50…
NASDAQ Adv/Dec 1477/996. …NYSE Adv/Dec 1808/1097.

01:35PM ET

[BRIEFING.COM] The major U.S. indices are holding firm in positive territory as stocks look poised to clinch their fifth straight day of gains.

A look inside the Dow Jones Industrial Average shows that Cisco (CSCO 43.74, +1.65), Apple (AAPL 172.22, +4.85), & Boeing (BA 354.68, +3.83) are outperforming. Cisco is leading the Dow as shares reach their best levels since December of 2000 after the company reported better than expected fiscal second quarter results, offered upside third quarter projections, increased their quarterly dividend and added $25 bln to their repurchase program.

Conversely, UnitedHealth Group (UNH 224.72, -4.06) is the worst-performing Dow component as shares display relative weakness after having gained nearly 4% since February 5th.

With today's gains, the DJIA is now up 3.5% this week.
Dow: +161.63… | Nasdaq: +49.90… | S&P: +18.29…
NASDAQ Adv/Dec 1482/1042. …NYSE Adv/Dec 1729/1167.

01:00PM ET

[BRIEFING.COM] Stocks are higher today, looking for their fifth consecutive victory, but have come down from their opening levels after the S&P 500 got rejected at its 50-day simple moving average (2722.57). The benchmark index is up 0.5%, while the tech-heavy Nasdaq and the Dow sport respective gains of 0.8% and 0.4%.

Investors received a large batch of economic data this morning, highlighted by the Producer Price Index for January. The PPI reading came in as expected, showing a month-over-month increase of 0.4%, while the core PPI reading, which excludes food and energy, rose more than expected, jumping 0.4% (Briefing.com consensus +0.2%). The key takeaway from the report is that producer prices are rising, which will feed the Treasury market's concerns about a pass through to consumers.

The Treasury market was lower in early trading, but began ticking higher following the batch of econ data, which also included Industrial Production and Capacity Utilization for January, weekly Initial Claims, the Empire Manufacturing Survey for February, the Philadelphia Fed Survey for February, and the NAHB Housing Market Index for February (see econ review below for additional details); the yield on the benchmark 10-yr Treasury note is three basis points below yesterday's close, hovering at 2.89%, after trading as high as 2.94% overnight. Yields move inversely to prices.

Investors are watching the 10-yr yield closely as it finished Wednesday at a four year high. Rising yields go hand-in-hand with economic growth, but are typically a headwind for equities as they make government bonds, which are safer than equities, more attractive for investors.

The S&P 500's technology sector is the top-performing group today, sporting a gain of 1.0%. Within the group, Cisco Systems (CSCO 43.72, +1.63) is up 3.9% after reporting better-than-expected profits for the previous quarter and raising its earnings and revenue guidance for the current quarter. The group's most influential component, Apple (AAPL 171.86, +4.47), is also strong, up 2.7%.

In total, 10 of 11 sectors are trading in the green, with energy (-1.3%) being the lone decliner, extending its month-to-date loss to 10.1%. West Texas Intermediate crude futures were down earlier, showing a loss of 1.4% at their session low, but are now up 0.9% at $61.17 per barrel. Energy shares typically move in tandem with crude prices, but not today.

Reviewing today's big batch of economic data, which, as mentioned above, included Industrial Production and Capacity Utilization for January, weekly Initial Claims, the Empire Manufacturing Survey for February, the Philadelphia Fed Survey for February, and the NAHB Housing Market Index for February:

Producer prices rose 0.4% in January (Briefing.com consensus +0.4%) and core producer prices increased 0.4% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 2.7% and core producer prices have risen 2.2%.
The key takeaway from the report is that producer prices are rising, which will feed the Treasury market's concerns about a pass through to consumers.
Industrial Production decreased 0.1% in January (Briefing.com consensus +0.2%), while the December reading was revised to +0.4% (from +0.9%). Capacity Utilization ticked down to 77.5% (Briefing.com consensus 78.0%) from a revised reading of 77.7% in December (from 77.9%).
The key takeaway from the report is that the downturn was driven entirely by mining output (-1.0%), although it is notable that manufacturing output was unchanged for the second consecutive month.
The latest weekly initial jobless claims count totaled 230,000, while the Briefing.com consensus expected a reading of 227,000. Today's tally was above the revised prior week count of 223,000 (from 221,000). As for continuing claims, they rose to 1.942 million from a revised count of 1.927 million (from 1.923 million).
The key takeaway from the report is that the low level of initial claims is a reflection of a tight labor market and a period of increased demand when employers are reluctant to cut staff.
The Empire Manufacturing Survey for February declined to 13.1 (Briefing.com consensus 19.0) from the prior month's unrevised reading of 17.7.
Manufacturing activity in the New York Fed region is still in expansion mode, but the key takeaway is that the prices paid index is at its highest level in nearly six years.
The Philadelphia Fed Survey for February increased to 25.8 (Briefing.com consensus 22.0) from an unrevised 22.2 in January.
The key takeaway from the report is that manufacturing activity in the Philadelphia Fed region has accelerated, with cost pressures being reported as more widespread.
The NAHB Housing Market Index for February came in at 72 (Briefing.com consensus 73), unchanged from January.

Dow: +122.95… | Nasdaq: +70.44… | S&P: +15.28…
NASDAQ Adv/Dec 1575/1027. …NYSE Adv/Dec 1720/1150.

12:25PM ET

[BRIEFING.COM] The major averages haven't moved much since the last update, with the tech-heavy Nasdaq floating 0.7% above its Wednesday close.

Technology shares have moved broadly higher today, with Cisco Systems (CSCO 43.55, +1.46) showing particular strength. CSCO shares are up 3.5% after the networking giant reported better-than-expected profits for the previous quarter and raised its earnings and revenue guidance for the current quarter.

In addition, tech giant Apple (AAPL 171.29, +3.93) is up 2.3%, and Alphabet (GOOGL 1079.95, +7.25) and Microsoft (MSFT 91.69, +0.85) sport respective gains of 0.7% and 0.9%.
Dow: +95.84… | Nasdaq: +57.12… | S&P: +12.64…
NASDAQ Adv/Dec 1507/1106. …NYSE Adv/Dec 1635/1223.

11:55AM ET

[BRIEFING.COM] Equity indices have continued ticking higher and are now near the center of their trading ranges. The S&P 500 is up 0.4%.

In Europe, the major bourses settled Thursday on a higher note, with France's CAC (+1.1%) showing particular strength. For the week, the Euro Stoxx 50 is up 1.9%.
Dow: +98.68… | Nasdaq: +52.80… | S&P: +11.51…
NASDAQ Adv/Dec 1488/1158. …NYSE Adv/Dec 1617/1220.

11:25AM ET

[BRIEFING.COM] The major stock indices recently dipped into negative territory for the first time today, but have ticked back up into the green. The S&P 500 is up 0.1%.

Stocks rallied at the start of today's session, but began trimming their opening gains after the S&P 500 touched, but failed to break through, its 50-day simple moving average (2722.25). The benchmark index dropped below the key technical level--for the first time in five months--during a big sell off on February 5 and attempted to break back through two days later, but was denied.

The energy sector (-1.5%) is weighing on the S&P 500 today, moving in tandem with the price of crude oil; WTI crude futures are down 0.6% at $60.24/bbl.
Dow: +30.08… | Nasdaq: +34.95… | S&P: +3.61…
NASDAQ Adv/Dec 1413/1243. …NYSE Adv/Dec 1465/1376.

11:00AM ET

[BRIEFING.COM] Stocks have given back the bulk of their opening gains and are currently trading at session lows; the S&P 500 is up just 0.1% after opening with a gain of around 0.5%.

Seven of eleven S&P 500 sectors are trading in the green, with the rate-sensitive utilities sector (+1.1%) being the top performer. The group has benefited from a decrease in Treasury yields; the benchmark 10-yr yield is three basis points below yesterday's close, hovering at 2.89%, after trading as high as 2.94% overnight.

Meanwhile, the 2-yr yield is still modestly higher, up one basis point at 2.18%.

Yields have been hovering at, or near, multi-year highs in recent weeks, which is a two-edged sword for equities; on one hand, higher rates go hand-in-hand with higher economic growth--which should result in good earnings growth--but, on the other hand, economic growth can result in higher inflation, prompting the Fed to raise rates at a faster pace.
Dow: +35.91… | Nasdaq: +16.01… | S&P: +1.50…
NASDAQ Adv/Dec 1447/1230. …NYSE Adv/Dec 1532/1273.

10:30AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently -0.2% at 87.8091
Dollar index is currently -0.3% at 88.68
Mar WTI crude is down 0.61% on the day.
Futures are $0.37 lower to $60.23/barrel.
In other energy, Mar natural gas is unchanged at $2.59/MMBtu, following rally post-EIA storage data, which showed a draw of 194 bcf
Metals:
Apr gold lost $3.3 and trades at $1354.7/oz, while Mar silver lost $0.15 to $16.73/oz
Mar copper dropped 0.01 to $3.23/lb
Finally, agriculture:
Mar corn is unchanged at $3.67/bu.
Mar soy is up $0.04 at $10.215/bu.
Mar wheat is down $0.01 at $4.55/bu.

Dow: +131.84… | Nasdaq: +50.44… | S&P: 11.08…
NASDAQ Adv/Dec 1697/989. …NYSE Adv/Dec 1680/1111.

10:05AM ET

[BRIEFING.COM] Equity indices continue trading near their opening levels, with the S&P 500 up 0.6%.

Just in, the NAHB Housing Market Index for February came in at 72 (Briefing.com consensus 73), unchanged from January.
Dow: +209.99… | Nasdaq: +61.58… | S&P: +16.23…
NASDAQ Adv/Dec 1858/866. …NYSE Adv/Dec 1855/875.

09:40AM ET

[BRIEFING.COM] The major stock indices are higher in early trading, sporting gains between 0.6% and 0.8%.

Most sectors are trading in the green. The industrials (+0.9%), technology (+0.7%), and financials (+0.7%) groups are the strongest sectors, while the energy (-0.2%) and telecom services (unch) groups are the weakest.

As a reminder, the NAHB Housing Market Index for February (Briefing.com consensus 73) will be released at 10:00 AM ET.
Dow: +196.86… | Nasdaq: +40.98… | S&P: +15.73…
NASDAQ Adv/Dec 1675/955. …NYSE Adv/Dec 1867/742.

09:16AM ET
[BRIEFING.COM] S&P futures vs fair value: +17.50. Nasdaq futures vs fair value: +50.50.

Stocks look ready to extend weekly gains at the opening bell, as the S&P 500 futures are trading 18 points, or 0.7%, above fair value.

Investors received a big batch of economic data earlier this morning, including the Producer Price Index for January, weekly Initial Claims, the Empire Manufacturing Survey for February, and the Philadelphia Fed Survey for February:

Producer prices rose 0.4% in January (Briefing.com consensus +0.4%) and core producer prices increased 0.4% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 2.7% and core producer prices have risen 2.2%.
The key takeaway from the report is that producer prices are rising, which will feed the Treasury market's concerns about a pass through to consumers.
The latest weekly initial jobless claims count totaled 230,000, while the Briefing.com consensus expected a reading of 227,000. Today's tally was above the revised prior week count of 223,000 (from 221,000). As for continuing claims, they rose to 1.942 million from a revised count of 1.927 million (from 1.923 million).
The key takeaway from the report is that the low level of initial claims is a reflection of a tight labor market and a period of increased demand when employers are reluctant to cut staff.
The Empire Manufacturing Survey for February declined to 13.1 (Briefing.com consensus 19.0) from the prior month's unrevised reading of 17.7.
Manufacturing activity in the New York Fed region is still in expansion mode, but the key takeaway is that the prices paid index is at its highest level in nearly six years.
The Philadelphia Fed Survey for February increased to 25.8 (Briefing.com consensus 22.0) from an unrevised 22.2 in January.
The key takeaway from the report is that manufacturing activity in the Philadelphia Fed region has accelerated.

Equity futures trimmed their overnight gains ahead of the releases, but returned to their earlier levels in the aftermath.

In addition, Industrial Production and Capacity Utilization for January just crossed the wires. Industrial Production decreased 0.1% in January (Briefing.com consensus +0.2%), while the December reading was revised to +0.4% (from +0.9%). Capacity Utilization ticked down to 77.5% (Briefing.com consensus 78.0%) from a revised reading of 77.7% in December (from 77.9%).

Today's last economic report, the NAHB Housing Market Index for February (Briefing.com consensus 73), will be released at 10:00 AM ET.

In the bond market, U.S. Treasuries are under pressure, pushing yields higher across the curve, but the 10-yr Treasury note has come up from its overnight low. The yield on the 10-yr note is up one basis point at 2.92%, hovering at a four-year high, but traded around 2.94% ahead of the economic data. Yields move inversely to prices.

On the corporate front, Dow component Cisco Systems (CSCO 45.00, +2.91) is up 6.9% in pre-market trading after beating earnings estimates for the prior quarter and raising its profit and revenue guidance for the current quarter.

08:52AM ET
[BRIEFING.COM] S&P futures vs fair value: +16.00. Nasdaq futures vs fair value: +44.80.

The S&P 500 futures trade 16 points, or 0.6%, above fair value.

Equity indices in the Asia-Pacific region were mostly closed on Wednesday in observance of the Lunar New Year. Japan's Finance Minister Taro Aso commented on the recent yen strength, saying it has not been abrupt enough to prompt an intervention from policymakers. South Korea's President Moon Jae-in has been criticized for moving too slow on regulatory reform. President Moon has promised on several occasions to push for drastic deregulation. Fitch affirmed New Zealand's AA rating with a 'Stable' outlook.

In economic data:
Japan's December Core Machinery Orders -11.9% month-over-month (expected -1.9%; last 5.7%); -5.0% year-over-year (consensus 2.2%; last 4.1%). December Industrial Production +2.9% month-over-month (expected 2.7%; last 2.7%) and December Capacity Utilization +2.8% month-over-month (expected -0.3%; last 0.0%)
Australia's January Employment Change 16,000 (expected 15,300; last 33,500). January Participation rate 65.6%, as expected (last 65.7%) and January Unemployment Rate 5.5%, as expected (last 5.6%)
Singapore's January Non-Oil Exports +13.0% year-over-year (consensus 9.0%; last 3.1%)
India's January WPI Inflation 2.84% year-over-year (expected 3.25%; last 3.58%)

---Equity Markets---

Japan's Nikkei gained 1.5%. Kirin Holdings, SUMCO, Dentsu, Advantest, Tokyo Electron, Hitachi Construction, Otsuka Holdings, Dainippon Screen Manufacturing, Komatsu, Ricoh, and TOTO posted gains between 3.4% and 7.0%.
Hong Kong's Hang Seng closed early, gaining 2.0%. Country Garden Holdings, AAC Technologies, Sunny Optical Tech, and HSBC posted gains between 2.0% and 3.9%.
China's Shanghai Composite was closed.
India's Sensex added 0.4%. ICICI Bank, Infosys, Bajaj Auto, SBI, ITC, Mahindra&Mahindra, Tata Consultancy, Dr. Reddy's Labs, and Sun Pharma rose between 0.5% and 3.2%.

Major European indices trade higher across the board. Greece's Deputy Prime Minister Yannis Dragasakis acknowledged that the country wants a closer relationship with China and hopes to build closer ties with other Asian countries like India and Japan. Germany's Chancellor Angela Merkel said she will make sure that Germany maintains a balanced budget. The Chancellor's party remains opposed to debt mutualization in the eurozone.

In economic data:
Eurozone December trade surplus EUR25.40 billion (expected EUR30.20 billion; last EUR26.30 billion)
France's Q4 Unemployment Rate 8.9% (last 9.6%)
Italy's December trade surplus EUR5.25 billion (expected EUR4.40 billion; last EUR5.69 billion)
Spain's January CPI -1.1% month-over-month, as expected (last 0.0%); +0.6% year-over-year (consensus 0.5%; last 1.1%)

---Equity Markets---

UK's FTSE is higher by 0.4%. Miners and financials are among the leaders with Old Mutual, Rio Tinto, Glencore, BHP Billiton, Anglo American, Antofagasta, Barclays, Lloyds Banking, Standard Chartered, and HSBC up between 1.0% and 3.5%.
Germany's DAX has climbed 0.7%. Heavyweight names like Commerzbank, Siemens, Deutsche Bank, Volkswagen, BASF, Infineon, and Allianz outperform with gains between 0.8% and 2.2%.
France's CAC has spiked 1.5%. Airbus Group has paced the rally, jumping 10.5%, in response to better than expected results. Schneider Electric, ArcelorMittal, Carrefour, TechnipFMC, Societe Generale, Peugeot, and BNP Paribas also outperform, climbing between 1.6% and 5.2%.


08:36AM ET
[BRIEFING.COM] S&P futures vs fair value: +7.80. Nasdaq futures vs fair value: +31.80.

The S&P 500 futures trade 8 points, or 0.3%, above fair value.

Just in, producer prices rose 0.4% in January (Briefing.com consensus +0.4%) and core producer prices increased 0.4% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 2.7% and core producer prices have risen 2.2%.

Separately, the latest weekly initial jobless claims count totaled 230,000, while the Briefing.com consensus expected a reading of 227,000. Today's tally was above the revised prior week count of 223,000 (from 221,000). As for continuing claims, they rose to 1.942 million from a revised count of 1.927 million (from 1.923 million).

The Empire Manufacturing Survey for February declined to 13.1 (Briefing.com consensus 19.0) from the prior month's unrevised reading of 17.7.

The Philadelphia Fed Survey for February increased to 25.8 (Briefing.com consensus 22.0) from an unrevised 22.2 in January.

07:58AM ET
[BRIEFING.COM] S&P futures vs fair value: +9.80. Nasdaq futures vs fair value: +38.50.

It's been a good week for Wall Street, which seems to have found its footing following last week's drubbing. The S&P 500 advanced on Monday, Tuesday, and Wednesday, adding 3.0% in total, and the S&P 500 futures are pointing towards more gains at today's opening bell, trading 10 points, or 0.4%, above fair value.

This week's gains have come in the face of rising interest rates, which are up again this morning; the yield on the benchmark 10-yr Treasury note is up three basis points at 2.94%, which marks a four-year high. The 2-yr yield is also higher, up one basis point at 2.18%, which marks its highest level in nearly a decade.

Rising yields are typically a headwind for equities as they make less-risky government bonds more attractive to investors. However, the market has recently chosen to focus on the upside--which is rising interest rates go hand-in-hand with a growing economy, and a growing economy should, in turn, translate to good earnings growth.

Investors will have a big batch of economic data to sift through today, starting with the 8:30 AM ET release of weekly Initial Claims (Briefing.com consensus 227K), the Producer Price Index for January (Briefing.com consensus +0.4%), the Empire State Manufacturing Index for February (Briefing.com consensus 19), and the Philadelphia Fed Index for February (Briefing.com consensus 22.0).

Industrial Production (Briefing.com consensus +0.2%) and Capacity Utilization (Briefing.com consensus 78.0%) for January will cross the wires at 9:15 AM ET and will be followed by the NAHB Housing Market Index for February (Briefing.com consensus 73) at 10:00 AM ET and Net Long-Term TIC Flows at 4:00 PM ET.

In U.S. corporate news:

Cisco Systems (CSCO 44.98, +2.89): +6.9% after reporting better than expected earnings and raising its profit and revenue guidance.
TripAdvisor (TRIP 47.59, +6.87): +16.9% after beating revenue estimates.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region were mostly closed on Wednesday in observance of the Lunar New Year. Japan's Nikkei +1.5%, Hong Kong's Hang Seng +2.0% (closed early), India's Sensex +0.4%.
In economic data:
Japan's December Core Machinery Orders -11.9% month-over-month (expected -1.9%; last 5.7%); -5.0% year-over-year (consensus 2.2%; last 4.1%). December Industrial Production +2.9% month-over-month (expected 2.7%; last 2.7%) and December Capacity Utilization +2.8% month-over-month (expected -0.3%; last 0.0%)
Australia's January Employment Change 16,000 (expected 15,300; last 33,500). January Participation rate 65.6%, as expected (last 65.7%) and January Unemployment Rate 5.5%, as expected (last 5.6%)
Singapore's January Non-Oil Exports +13.0% year-over-year (consensus 9.0%; last 3.1%)
India's January WPI Inflation 2.84% year-over-year (expected 3.25%; last 3.58%)
In news:
Japan's Finance Minister Taro Aso commented on the recent yen strength, saying it has not been abrupt enough to prompt an intervention from policymakers.
South Korea's President Moon Jae-in has been criticized for moving too slow on regulatory reform. President Moon has promised on several occasions to push for drastic deregulation.
Fitch affirmed New Zealand's AA rating with a 'Stable' outlook.

Major European indices trade higher across the board. UK's FTSE +0.5%, Germany's DAX +0.8%, France's CAC +1.5%.
In economic data:
Eurozone December trade surplus EUR25.40 billion (expected EUR30.20 billion; last EUR26.30 billion)
France's Q4 Unemployment Rate 8.9% (last 9.6%)
Italy's December trade surplus EUR5.25 billion (expected EUR4.40 billion; last EUR5.69 billion)
Spain's January CPI -1.1% month-over-month, as expected (last 0.0%); +0.6% year-over-year (consensus 0.5%; last 1.1%)
In news:
Greece's Deputy Prime Minister Yannis Dragasakis acknowledged that the country wants a closer relationship with China and hopes to build closer ties with other Asian countries like India and Japan.
Germany's Chancellor Angela Merkel said she will make sure that Germany maintains a balanced budget. The Chancellor's party remains opposed to debt mutualization in the eurozone.

05:53AM ET
[BRIEFING.COM] S&P futures vs fair value: +19.30. Nasdaq futures vs fair value: +55.50.

05:53AM ET
[BRIEFING.COM] Nikkei...21465...+310.80...+1.50%. Hang Seng...Holiday.........

05:53AM ET
[BRIEFING.COM] FTSE...7254.63...+40.70...+0.60%. DAX...12457.43...+118.30...+1.00%.

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

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

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

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

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

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

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

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


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

http://www.thestrategylab.com
Phone: +1 708 572-4885
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Skype Messenger: kebec2002
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