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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. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: Feb 23rd Fri Price Action Trade Result - No Trades
PostPosted: Sat Feb 24, 2018 7:57 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
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
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Twitter @ http://twitter.com/wrbtrader (24/7)

Quote:
Rest day for me...no trades today. This is one of the things I had to learn to do to prevent burnout...knowing when to rest after a tough trading day regardless if I was profitable or not

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=2760

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: +347.51… | Nasdaq: +127.30… | S&P: +43.34…
NASDAQ Vol: 1.88 bln… Adv: 2163… Dec: 766…
NYSE Vol: 726.3 mln… Adv: 2421… Dec: 529…

Moving the Market

Buying accelerates after S&P 500 breaks above its 50-day simple moving average (2731), which has been an area of resistance this week

Top-weighted technology sector outperforms, pops into positive territory for the week; Hewlett Packard Enterprise (HPE) and HP (HPQ) rally following earnings

Energy shares show relative strength as crude oil hovers at a two-week high

Treasury yields tick lower across the curve; rate-sensitive utilities sector outperforms

Sector Watch
Strong: Energy, Technology, Utilities
Weak: Industrials, Consumer Staples, Telecom Services

04:30PM ET

[BRIEFING.COM] Stocks rallied on Friday, turning what was a disappointing week into a modest success. The Nasdaq Composite led the charge, adding 1.8%, while the S&P 500 and the Dow Jones Industrial Average climbed 1.6% and 1.4%, respectively. For the week, the three major averages finished with gains between 0.4% and 1.4%.

After trending sideways through the first hour of trading, the major averages began building on their opening gains, which were around 0.5% apiece, and nearly doubled them by midday. The rally then paused for about two hours as the S&P 500 wrestled with its 50-day simple moving average (2731), which proved to be an area of resistance on Thursday. The benchmark index eventually jumped above the key technical level and continued climbing--alongside the Dow and the Nasdaq--until the closing bell.

Friday's rally was broad, with 11 of 11 S&P 500 sectors finishing in positive territory.

The rate-sensitive utilities sector was the top-performing group, adding 2.7%, as Treasury yields slipped across the curve; the yield on the 2-yr note declined two basis points to 2.24%, while the yield on the benchmark 10-yr note tumbled five basis points to 2.87%. The top-weighted technology group (+2.2%) and the energy group (+2.2%) also outperformed on Friday.

Within the tech space, Hewlett Packard Enterprise (HPE 18.14, +1.73) and HP (HPQ 22.13, +0.74) rallied 10.5% and 3.5%, respectively, after the companies beat both earnings and revenue estimates, in addition to issuing upbeat profit guidance. HPE shares finished at a fresh all-time high.

As for energy, its outperformance was helped by an increase in the price of crude oil; WTI crude futures jumped 1.3% to $63.56/bbl, hitting a two-week high.

On the downside, the industrial sector (+0.8%) underperformed as Dow components Boeing (BA 356.66, +0.74), General Electric (GE 14.49, -0.01), and 3M (MMM 237.02, +1.02) finished the session little changed. The lightly-weighted telecom services sector (+0.8%) also struggled to keep pace with the broader market.

In corporate news, Nordstrom (JWN 53.56, +3.29) rallied 6.5% following reports that the Nordstrom family hopes to seal a deal to take the high-end retailer private before next Thursday, when the company is due to report its results for the fourth quarter. Meanwhile, General Mills (GIS 52.98, -1.97) declined 3.6% after agreeing to acquire Blue Buffalo (BUFF 40.00, +5.88) for $40 per share in cash.

Investors did not receive any economic data on Friday, but the Fed did release its Monetary Policy Report, which is expected to be a blueprint for new Fed Chair Jerome Powell's testimony before Congress next week. The Fed stayed on message in the report, calling for a path of gradual rate hikes and noting that it expects inflation to creep closer to the 2.0% year-over-year target as economic activity continues to expand at a moderate pace.

On Monday, investors will receive just one economic report, New Home Sales for January (Briefing.com consensus 645K), which will be released at 8:30 AM ET.

Nasdaq Composite: +6.3% YTD
S&P 500: +2.8% YTD
Dow Jones Industrial Average: +2.4% YTD
Russell 2000: +0.9% YTD

Week In Review: Eking Out a Last-Minute Win

Equities advanced this week thanks to a last-minute rally on Friday that reclaimed losses registered on Tuesday and Wednesday. The S&P 500 and the Dow Jones Industrial Average added around 0.5% apiece, while the tech-heavy Nasdaq Composite outperformed, jumping 1.4%. Markets were closed on Monday (February 19) in celebration of Presidents' Day.

The Wednesday release of the minutes from the January FOMC meeting was perhaps the most notable event of an otherwise relatively quiet week. The minutes were somewhat outdated considering the last FOMC meeting took place before a host of events that may have altered the Fed's perspective a bit, including the release of the CPI and PPI reports for January, the passing of a two-year budget deal in Congress that will increase spending by approximately $420 billion, and a sharp sell off on Wall Street.

Nonetheless, the minutes did reveal that almost all FOMC members expect inflation to increase in 2018 and that a majority of members believe a stronger outlook for economic growth raises the "likelihood that further gradual policy firming would be appropriate."

The yield on the benchmark 10-yr Treasury note ticked up to a four-year high on Wednesday following the minutes, closing at 2.94%, but slipped back to 2.87% by Friday's close--finishing flat for the week. Meanwhile, the 2-yr yield jumped to 2.26% following the minutes, its highest level since September 2008, but finished Friday at 2.24%--locking in a weekly gain of five basis points. In addition to the minutes, the 2-yr yield was also bolstered by a relatively weak 2-yr note auction on Tuesday.

In corporate news, shares of Wal-Mart (WMT) tumbled 10.2% on Tuesday after the world's largest retailer reported lower-than-expected earnings for the fourth quarter and issued disappointing profit guidance for fiscal year 2019. Conversely, Hewlett Packard Enterprise (HPE) rallied 10.5% to a new all-time high on Friday after reporting better-than-expected earnings and revenues and issuing upbeat profit guidance. HPE also announced a plan to return $7 billion to shareholders via share repurchases and a dividend increase.

As for the sector standings, seven of eleven S&P 500 groups finished the week in positive territory. The technology (+1.9%), materials (+1.3%), and energy (+1.0%) groups finished at the top of the leaderboard, while the consumer staples (-2.3%) and utilities (-2.4%) sectors finished at the bottom.

The S&P 500's 50-day simple moving average (2731) proved to be an area of resistance for the benchmark index on several occasions this week, the most notable of which was on Thursday when the S&P 500 retraced the entirety of a 1.2% intraday gain after hitting the key technical level. However, the S&P 500 finally managed to climb above its 50-day simple moving average on Friday, which helped fuel further buying to bring the index into positive territory for the week.

Following this week's trading, the S&P 500 is down 4.4% from the record high it hit on January 26.
Dow: +347.51… | Nasdaq: +127.30… | S&P: +43.34…
NASDAQ Adv/Dec 2163/766. …NYSE Adv/Dec 2421/529.

03:30PM ET

[BRIEFING.COM] Commodities end the day flat:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently up 0.03% at 88.6922
Dollar index is currently up 0.2% at 89.81
Mar WTI Crude is up 1.26% on the day.
Futures settle $0.79 higher to $63.56/barrel.
In other energy, Mar Natural Gas settled down $0.02 at $2.66/MMBtu
On the metals:
Apr Gold lost $1.9 to settle at $1330.8/oz, while Mar silver lost $0.11 to $16.48/oz
Mar Copper dropped $0.03 to $3.21/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.66/bu.
Mar soy settled flat at $10.48/bu.
Mar wheat settled flat at $4.64/bu.

Dow: +298.39… | Nasdaq: +116.03… | S&P: +39.48…
NASDAQ Adv/Dec 2090/833. …NYSE Adv/Dec 2384/566.

03:00PM ET

[BRIEFING.COM] The major averages have ticked higher over the last 30 minutes, with the S&P 500 finally crossing its 50-day simple moving average (2730). The benchmark index is up 1.2%, while the Nasdaq and the Dow hold gains of 1.4% and 0.9%, respectively, moving into the final hour of trading.

Shares of Nordstrom (JWN 53.26, +2.99) have spiked in recent action, extending their gain to 5.9% from 0.2%, following reports that the Nordstrom family is finalizing plans to take the high-end retailer private. JWN shares are currently trading at their best level since December 2016.

The SPDR S&P 500 Retail ETF (XRT 45.96, +0.70) has also advanced following the Nordstrom news, increasing its gain to 1.6% from 0.6%.
Dow: +238.13… | Nasdaq: +101.30… | S&P: +32.17…
NASDAQ Adv/Dec 1459/873. …NYSE Adv/Dec 2330/605.

02:30PM ET

[BRIEFING.COM] Trading just above yesterday's highs, the Nasdaq Composite is on track to close out the week with a win--which would be its first since last Thursday. The index now leads the S&P 500 and the Dow, up about 1.0%, and is trading in positive territory for the week (+0.6%).

Looking ahead, investors will receive a sizable batch of economic data next week. Perhaps the most notable pieces of data will be the PCE Price Index and the core PCE Price Index, which excludes the volatile categories of food and energy. The core PCE Price Index is the Fed's preferred gauge of inflation and will be released on Thursday alongside the Personal Income and Personal Spending reports for January. Other notable reports include New Home Sales for January (Monday) and Durable Orders for January (Tuesday).

In addition, Jerome Powell is scheduled to speak before Congress on Wednesday (2/28) in what will be his first appearance as Fed Chair.
Dow: +132.46… | Nasdaq: +79.11… | S&P: +21.89…
NASDAQ Adv/Dec 1521/920. …NYSE Adv/Dec 2252/687.

02:00PM ET

[BRIEFING.COM] Narrowing the gap to its 50-day simple moving average (2730), the S&P 500 still boasts solid gains moving into the final hours of Friday's session; the benchmark index sits around +0.9%.

Today's advance is broad with all 11 sectors trading in the green. Leading the way higher, the utilities space (+2.3%) has gotten a nudge from Pinnacle West (PNW 80.22, +3.48) and Edison (EIX 62.26, +2.52) -- both of which reported quarterly results within the past 24 hours. The two companies are sporting gains of around 4.4% apiece after beating earnings estimates for the fourth quarter; Edison also beat top-line estimates.

A decrease in Treasury yields has also helped the utilities group -- which is seen as a proxy for bonds given its steady rate of return. The yield on the 10-yr note is down five basis points at 2.87%, while the yield on the 2-yr note is down three basis points at 2.23%.
Dow: +160.48… | Nasdaq: +76.47… | S&P: +24.29…
NASDAQ Adv/Dec 1554/947. …NYSE Adv/Dec 2224/703.

01:35PM ET

[BRIEFING.COM] The major U.S. indices continue to show strong gains in today's trade as the end of the trading week nears.

A look inside the Dow Jones Industrial Average shows that Intel (INTC 47.43, +1.63), Chevron (CVX 111.78, +1.89), & Visa (V 122.35, +1.97) are outperforming amid broad market strength. Intel and Chevron are leading the Dow higher amid relative strength in the technology and energy sectors today.

Conversely, United Technologies (UTX 132.00, -1.58) is the worst-performing Dow component as shares pullback after having led the DJIA in gains each of the last two days.

At current levels, the DJIA is poised to close the week down 0.44%.
Dow: +143.33… | Nasdaq: +61.31… | S&P: +21.12…
NASDAQ Adv/Dec 1514/1018. …NYSE Adv/Dec 2168/742.

12:55PM ET

[BRIEFING.COM] Stocks are at a climax this afternoon as the S&P 500 challenges its 50-day simple moving average (2730). If the index can move above the key technical level, buying may accelerate, pushing the market even higher. However, if the S&P 500 proves it can't get over the hump, the market may be in for a sharp drop--which is what happened on Thursday. The S&P 500 is currently up 0.8%, as is the Nasdaq Composite, while the Dow Jones Industrial Average (+0.6%) is a step behind.

10 of 11 S&P 500 sectors are trading in the green, with the utilities sector (+2.1%) setting the pace. The rate-sensitive group has outperformed today as Treasury yields retreat from the multi-year highs they hit earlier in the week. The yield on the benchmark 10-yr note is down five basis points at 2.87% and is now flat for the week.

The energy (+1.4%), technology (+1.3%), and real estate (+1.2%) sectors are also showing relative strength. Within the tech space, Hewlett Packard Enterprise (HPE 18.02, +1.61) and HP (HPQ 22.52, +1.13) have jumped 9.8% and 5.2%, respectively, after beating both earnings and revenue estimates and issuing upbeat guidance.

As for energy, its outperformance has been helped by an increase in the price of crude oil; WTI crude futures are up 1.2% at $63.55/bbl, which is a two-week high.

On the flip side, the telecom services sector is the weakest group, down 0.1%, but its impact is minimal considering it represents just 2.0% of the broader market. However, the industrial sector, which represents 10.0% of the broader market, is also underperforming, up just 0.2%.

Investors did not receive any economic data today, but the Fed did release its Monetary Policy Report, which is expected to be a blueprint for new Fed Chair Jerome Powell's testimony before Congress next week. The Fed stayed on message in the report, calling for a path of gradual rate hikes and noting that it expects inflation to creep closer to the 2.0% year-over-year target as economic activity continues to expand at a moderate pace.

Overseas, equity indices in the Asia-Pacific region finished Friday on a higher note, with Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite adding between 0.6% and 1.0%, while the major bourses in Europe settled roughly flat. The U.S. dollar is up 0.3% against the euro (1.2299), but down 0.1% against the yen (106.59).
Dow: +137.16… | Nasdaq: +65.72… | S&P: +22.05…
NASDAQ Adv/Dec 1527/1039. …NYSE Adv/Dec 2154/734.

12:25PM ET

[BRIEFING.COM] The S&P 500 (+0.9%) is currently hovering at its 50-day simple moving average (2730), which has been an area of resistance several times this week. Investors will be watching to see if the benchmark index can cross this key technical level. If so, buying may accelerate, pushing the index even higher. If not, the index may drop sharply, just as it did on Thursday.

For the week, the S&P 500 and the Dow have trimmed their losses to 0.1% and 0.3%, respectively, while the Nasdaq is now up 0.6%.

In Europe, the major bourses finished Friday on a mixed note; the UK's FTSE lost 0.1%, while Germany's DAX and France's CAC jumped 0.2% apiece. For the week, the Euro Stoxx 50 finished with a modest gain of 0.4%.
Dow: +187.79… | Nasdaq: +69.74… | S&P: +25.59…
NASDAQ Adv/Dec 1635/970. …NYSE Adv/Dec 2230/628.

11:55AM ET

[BRIEFING.COM] Equity indices continue drifting near their best marks of the day, sporting gains of around 0.8% apiece.

The Fed's Monetary Policy Report was met with a muted reaction from investors when it was released earlier this morning. The report, which is expected to be a blueprint for new Fed Chair Jerome Powell's testimony before Congress next week, stayed on message, calling for a path of gradual rate hikes. The Fed noted in the report that it expects inflation will creep closer to the 2.0% year-over-year target as economic activity continues to expand at a moderate pace.

Mr. Powell is scheduled to speak on Capitol Hill next Wednesday (February 28). It will be his first appearance as Fed Chair.
Dow: +167.69… | Nasdaq: +56.06… | S&P: +22.10…
NASDAQ Adv/Dec 1542/1115. …NYSE Adv/Dec 2093/749.

11:25AM ET

[BRIEFING.COM] Stocks have ticked up to new session highs in recent trading, pushing the Dow Jones Industrial Average 0.7% above its Thursday close.

27 of 30 Dow components are trading in the green this morning, with Intel (INTC 47.23, +1.44) showing particular strength; the chipmaker is up 3.2%. On the downside, Verizon (VZ 47.75, -0.13), Wal-Mart (WMT 92.59, -0.18), and UnitedTech (UTX 132.42, -1.15) show losses between 0.2% and 0.9%.

Despite today's positive performance, the Dow is still down 0.5% for the week.
Dow: +149.92… | Nasdaq: +52.12… | S&P: +18.80…
NASDAQ Adv/Dec 1536/1138. …NYSE Adv/Dec 2001/822.

10:55AM ET

[BRIEFING.COM] The equity market has kept pretty steady over the first 90 minutes of trading. The S&P 500 and the Nasdaq Composite are up 0.6% apiece, while the Dow Jones Industrial Average and the small-cap Russell 2000 are higher by 0.5% and 0.2%, respectively.

10 of 11 sectors are higher, with the technology (+1.1%), energy (+1.2%), and utilities (+1.5%) groups each sporting gains of more than 1.0%. The telecom services sector (-0.2%) is the lone laggard, but its impact is minimal as it represents just 2.0% of the broader market.

In currencies, the U.S. dollar is up 0.2% against the euro (1.2302), but down 0.2% against the Japanese yen (106.60).
Dow: +141.23… | Nasdaq: +43.55… | S&P: +17.56…
NASDAQ Adv/Dec 1589/1118. …NYSE Adv/Dec 2049/750.

10:30AM ET

[BRIEFING.COM] Commodities begin the day lower:

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently lower 0.17% at 88.5156
Dollar index is currently up 0.06% at 89.79
Mar WTI crude is up 0.7% on the day.
The Baker Hughes rig count is due out at noon ET.
Futures are $0.44 higher to $63.21/barrel.
In other energy, Mar natural gas is down $0.04 at $2.64/MMBtu
Metals:
Apr gold lost $1.9 and trades at $1330.8/oz, while Mar silver lost $0.1 to $16.49/oz
Mar copper dropped 0.04 to $3.2/lb
Finally, agriculture:
Mar corn is unchanged at $3.67/bu.
Mar soy is unchanged at $10.425/bu.
Mar wheat is up $0.03 at $4.67/bu.

Dow: +87.46… | Nasdaq: +29.47… | S&P: +12.51…
NASDAQ Adv/Dec 152/1179. …NYSE Adv/Dec 1956/820.

09:55AM ET

[BRIEFING.COM] Equity indices are hovering near their opening levels. The S&P 500 is up 0.6%.

The energy sector (+1.0%) is among the top-performing groups in early trading, returning to its flat line for the week, as the price of crude oil hovers at a two-week high; West Texas Intermediate crude futures are up 0.1% at $62.86 per barrel.

In the bond market, Treasuries are still higher across the curve, leaving yields in the red; the benchmark 10-yr yield is down three basis points at 2.89%.
Dow: +166.24… | Nasdaq: +48.70… | S&P: +17.07…
NASDAQ Adv/Dec 1868/845. …NYSE Adv/Dec 2199/527.

09:40AM ET

[BRIEFING.COM] The major averages are higher in the opening minutes, sporting gains of around 0.5% apiece.

11 of 11 sectors are trading in the green, with gains ranging between 0.1% and 0.9%. The technology sector (+0.9%) is the top performer, thanks in part to big gains from Hewlett Packard Enterprise (HPE 18.07, +1.66) and HP (HPQ 22.94, +1.56), both of which beat earnings and revenue estimates and issued upbeat guidance. The two companies are up 9.9% and 7.8%, respectively.

Meanwhile, the lightly-weighted telecom services sector (+0.1%) is trading at the back of the pack.
Dow: +155.31… | Nasdaq: +48.57… | S&P: +15.49…
NASDAQ Adv/Dec 1905/745. …NYSE Adv/Dec 2168/478.

09:10AM ET
[BRIEFING.COM] S&P futures vs fair value: +15.80. Nasdaq futures vs fair value: +55.30.

The equity market looks poised to open in positive territory, as the S&P 500 futures are trading 16 points, or 0.6%, above fair value.

In earnings news, Hewlett Packard Enterprise (HPE 18.23, +1.82) is up 10.9% in pre-market trading after beating earnings and revenue estimates, issuing upbeat guidance, and announcing a plan to return $7 billion to shareholders via share repurchases and a dividend increase. Similarly, HP (HPQ 22.50, +1.11) is up 5.2% after reporting better-than-expected earnings and revenues and issuing above-consensus guidance.

U.S. Treasuries are trading higher this morning, pushing yields lower across the curve; the 10-yr yield is down three basis points at 2.89%, while the 2-yr yield is down two basis points at 2.24%. For the week, the 10-yr yield is up two basis points, and the 2-yr yield is up five basis points.

Investors won't receive any economic data today, but there are four FOMC speakers on the docket. New York Fed President William Dudley (permanent voter) and Boston Fed President Eric Rosengren (alternate voter) will both speak at 10:15 AM ET, while Cleveland Fed President Loretta Mester (FOMC voter) and San Francisco Fed President John Williams (FOMC voter) will speak at 1:30 PM ET and 3:40 PM ET, respectively.

08:50AM ET
[BRIEFING.COM] S&P futures vs fair value: +16.50. Nasdaq futures vs fair value: +57.00.

The S&P 500 futures are trading 17 points, or 0.6%, above fair value.

Equity indices in the Asia-Pacific region ended the week on a higher note. The Chinese government has seized control of Anbang Insurance Group and the company's founder has been accused of committing "economic crimes." South Korea's finance ministry announced plans to resume sales of 50-yr bonds in mid-March. Japan's Finance Minister Taro Aso reiterated expectations for a sales tax hike in October 2019.

In economic data:
Japan's January National CPI +1.4% year-over-year (expected 1.3%; last 1.0%) and National Core CPI +0.9% year-over-year (consensus 0.8%; last 0.9%)
New Zealand's Q4 Retail Sales +1.7% quarter-over-quarter (expected 1.4%; last 0.2%) and Core Retail Sales +1.8% quarter-over-quarter (expected 0.7%; last 0.6%)
Singapore's January CPI 0.0% year-over-year (expected 0.4%; last 0.4%)

---Equity Markets---

Japan's Nikkei gained 0.7%, rising 0.8% for the week. Pacific Metals, TDK, Kubota, Haseko, Mitsubishi Motors, Rakuten, and TOTO gained between 1.9% and 4.6%. On the downside, Familymart, Chugai Pharmaceutical, Ricoh, Toho, and Tokyo Electron lost between 0.4% and 1.0%.
Hong Kong's Hang Seng climbed 1.0%. The index added 0.5% for the week. Country Garden Holdings spiked 5.2% while energy-related names like China Petrol & Chemical, China Shenhua Energy, CNOOC, and PetroChina gained between 1.5% and 3.0%. On the downside, Apple suppliers AAC Technologies and Sunny Optical Tech lost 1.1% and 2.0%, respectively.
China's Shanghai Composite added 0.6%, extending this week's gain to 2.8%. Shanxi Coking, Shanghai Huayi Group, Topchoice Medical Investment, Aelous Tyre, and KPC Pharmaceuticals rose between 6.5% and 9.8%.
India's Sensex climbed 1.0%, adding 0.4% for the week. Tata Steel spiked 6.3% while Sun Pharma and Dr. Reddy's Labs gained 5.2% and 2.3%, respectively. Financials like Yes Bank, SBI, AXIS Bank, HDFC Bank, and ICICI Bank rose between 1.0% and 2.3%.

Major European indices trade near their flat lines while Spain's IBEX (-0.6%) underperforms. British Prime Minister Theresa May's cabinet reportedly agreed to obey EU rules following Brexit, but on the UK's terms. The European Union has already pushed back against this stance. The latest policy minutes from Sweden's Riksbank pointed to measured rate hikes during the second half of 2018.

In economic data:
Eurozone January CPI -0.9% month-over-month, as expected (last 0.4%); +1.3% year-over-year, as expected (last 1.3%). January core CPI -1.7% month-over-month (last 0.5%); +1.0% year-over-year, as expected (last 0.9%)
Germany's Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.8%); +2.3% year-over-year, as expected (last 2.3%)
Spain's PPI +0.1% year-over-year (last 1.8%)

---Equity Markets---

Germany's DAX is higher by 0.3% amid gains in half of its components. Deutsche Telekom, Vonovia, Henkel, Adidas, BMW, Daimler, and Siemens are up between 0.4% and 3.5%.
UK's FTSE is lower by 0.1% with financials and consumer names among the laggards. RBS, InterContinental Hotels, Compass, Barclays, Carnival, Paddy Power, Lloyds Banking, Burberry, Next, Kingfisher, and HSBC show losses between 0.3% and 4.2%.
France's CAC trades at its flat line. Valeo has gotten decimated after missing quarterly expectations while consumer names Accor and Kering are down 0.9% and 0.4%, respectively. Financials trade in the red with Societe Generale, BNP Paribas, Credit Agricole, and AXA down between 0.1% and 0.6%.
Spain's IBEX trades down 0.6%. Inditex has slid 6.0% after a Tier 1 downgrade while IAG, Acerinox, Caixabank, Banco Sabadell, BBVA, Bankinter, and Santander are down between 0.3% and 4.1%.

08:25AM ET
[BRIEFING.COM] S&P futures vs fair value: +19.00. Nasdaq futures vs fair value: +61.30.

The S&P 500 futures are trading 19 points, or 0.7%, above fair value.

For the week, the S&P 500 is down 1.0%, with all 11 of its sectors trading in the red. The consumer staples (-3.2% WTD), telecom services (-3.2% WTD), utilities (-2.1% WTD), real estate (-1.7% WTD), and health care (-1.7% WTD) groups are leading the retreat, while the materials (-0.2% WTD), technology (-0.3% WTD), consumer discretionary (-0.4% WTD), and industrials (-0.5% WTD) groups show relative strength.

The Dow and the Nasdaq are also down for the week, holding losses of 1.0% and 0.4%, respectively.

07:57AM ET
[BRIEFING.COM] S&P futures vs fair value: +19.80. Nasdaq futures vs fair value: +53.00.

Stocks have had a disappointing week thus far, with the S&P 500 losing 1.0% week to date, but it appears that investors are contemplating a last-minute comeback. The S&P 500 futures are trading 20 points above fair value, which would place the benchmark index up 0.7% at the opening bell.

Overseas, equity indices in the Asia-Pacific region finished Friday on a higher note, with Japan's Nikkei, Hong Kong's Hang Seng, and China's Shanghai Composite adding between 0.6% and 1.0%, and the major bourses in Europe are trading roughly flat. The U.S. dollar is little changed against both the euro (1.2311) and the yen (106.70).

In the U.S. Treasury market, government debt is higher this morning, pushing yields lower across the curve. The yield on the 10-yr note is down four basis points at 2.88%, approaching its flat line for the week, while the yield on the 2-yr note is down three basis points at 2.23%.

Traders won't receive any economic data today, but there are four FOMC speakers on the schedule. New York Fed President William Dudley (permanent voter) and Boston Fed President Eric Rosengren (alternate voter) will both speak at 10:15 AM ET, while Cleveland Fed President Loretta Mester (FOMC voter) and San Francisco Fed President John Williams (FOMC voter) will speak at 1:30 PM ET and 3:40 PM ET, respectively.

In U.S. corporate news:

Hewlett Packard Enterprise (HPE 18.51, +2.10): +12.8% after beating earnings and revenue estimates, issuing upbeat guidance, and announcing a plan to return $7 billion to shareholders via share repurchases and a dividend increase.
HP (HPQ 22.70, +1.31): +6.1% after reporting better-than-expected earnings and revenues and issuing above-consensus guidance.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended the week on a higher note. Japan's Nikkei +0.7%, Hong Kong's Hang Seng +1.0%, China's Shanghai Composite +0.6%, India's Sensex +1.0%.
In economic data:
Japan's January National CPI +1.4% year-over-year (expected 1.3%; last 1.0%) and National Core CPI +0.9% year-over-year (consensus 0.8%; last 0.9%)
New Zealand's Q4 Retail Sales +1.7% quarter-over-quarter (expected 1.4%; last 0.2%) and Core Retail Sales +1.8% quarter-over-quarter (expected 0.7%; last 0.6%)
Singapore's January CPI 0.0% year-over-year (expected 0.4%; last 0.4%)
In news:
The Chinese government has seized control of Anbang Insurance Group and the company's founder has been accused of committing "economic crimes."
South Korea's finance ministry announced plans to resume sales of 50-yr bonds in mid-March.
Japan's Finance Minister Taro Aso reiterated expectations for a sales tax hike in October 2019.

Major European indices trade near their flat lines while Spain's IBEX (-0.8%) underperforms. Germany's DAX +0.1%, UK's FTSE -0.2%, France's CAC unch.
In economic data:
Eurozone January CPI -0.9% month-over-month, as expected (last 0.4%); +1.3% year-over-year, as expected (last 1.3%). January core CPI -1.7% month-over-month (last 0.5%); +1.0% year-over-year, as expected (last 0.9%)
Germany's Q4 GDP +0.6% quarter-over-quarter, as expected (last 0.8%); +2.3% year-over-year, as expected (last 2.3%)
Spain's PPI +0.1% year-over-year (last 1.8%)
In news:
British Prime Minister Theresa May's cabinet reportedly agreed to obey EU rules following Brexit, but on the UK's terms. The European Union has already pushed back against this stance.
The latest policy minutes from Sweden's Riksbank pointed to measured rate hikes during the second half of 2018.

05:47AM ET
[BRIEFING.COM] S&P futures vs fair value: +11.30. Nasdaq futures vs fair value: +32.00.

05:47AM ET
[BRIEFING.COM] Nikkei...21893...+156.30...+0.70%. Hang Seng...31267...+301.50...+1.00%.

05:47AM ET
[BRIEFING.COM] FTSE...7229.04...-23.40...-0.30%. DAX...12439.24...-23.70...-0.20%.

04:25PM ET

[BRIEFING.COM] The S&P 500 (+0.1%) and the Nasdaq (-0.1%) ended Thursday's session little changed, keeping their weekly losses intact. The Dow, meanwhile, rallied 0.7% to end a two-session losing streak and trim its weekly decline to 1.0%. The S&P 500 also ended a two-session skid on Thursday, while the Nasdaq extended its losing streak to four sessions.

Stocks opened in positive territory and crept higher through the first two hours of trading. However, sentiment started to shift as the S&P 500 approached its 50-day simple moving average (2729). The key technical level proved to be an area of resistance for the benchmark index, which quickly started retracing its gain after topping out at 2731 (+1.1%).

Trading was choppy from there, but the S&P 500 was able to stabilize a bit after finding support at its Wednesday close (2701).

In the end, nine of eleven S&P 500 sectors finished in positive territory, with gains ranging from 0.1% (technology) to 1.1% (real estate and energy).

The energy sector (+1.1%) was among the top-performing groups, helped by an increase in the price of crude oil. WTI crude futures climbed 1.8% to $62.77 per barrel after the Department of Energy reported a draw of 1.6 million barrels for the week ended February 16. The consensus estimate called for a build of 1.8 million barrels.

Chesapeake Energy (CHK 3.20, +0.57) also helped underpin a positive bias within the energy group, rallying 21.7% on better-than-expected Q4 results.

Conversely, the heavily-weighted financial sector (-0.8%) was the weakest group as Treasury yields slipped from multi-year highs; the 10-yr yield settled at 2.92% after closing Wednesday at 2.94%--its highest level in four years. On a related note, a $29 billion 7-yr Treasury note auction drew a high yield of 2.84% on a bid-to-cover of 2.49.

Overseas, equity indices in the Asia-Pacific region finished Thursday mostly lower, although China's Shanghai Composite climbed 2.2% after a week-long closure for the Lunar New Year. Meanwhile, the major European bourses finished roughly flat, with France's CAC (+0.2%) exhibiting relative strength.

In currencies, the U.S. Dollar Index dropped 0.4% to 89.70, marking its first loss in a week. The greenback tumbled 0.4% against the euro (1.2327) and 1.0% against the yen (106.69).

Thursday's batch of economic data was pretty light, with investors receiving just two reports--weekly Initial Claims and Leading Indicators for January:

The latest weekly initial jobless claims count totaled 222,000, while the Briefing.com consensus expected a reading of 233,000. Today's tally was below the revised prior week count of 229,000 (from 230,000). As for continuing claims, they declined to 1.875 million from a revised count of 1.948 million (from 1.942 million).
The key takeaway from this report is that it covers the period in which the survey for the February employment report was completed. The low level of initial claims will most likely drive economists to estimate another decent-sized gain (200K+) for nonfarm payrolls.
The Conference Board Leading Economic Index increased 1.0% in January (Briefing.com consensus 0.8%). The prior month's reading was left unrevised at +0.6%.
The key takeaway from the report is that the uptick was widespread; in fact, there wasn't a negative contribution from any of the ten components.

Investors will not receive any economic data on Friday.

Nasdaq Composite: +4.4% YTD
S&P 500: +1.1% YTD
Dow Jones Industrial Average: +1.0% YTD
Russell 2000: -0.4% YTD

Dow: +164.70… | Nasdaq: -8.14… | S&P: +2.63…
NASDAQ Adv/Dec 711/1345. …NYSE Adv/Dec 1530/1411.

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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