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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: March 20th Tuesday Price Action Trade Result - No Trades
PostPosted: Tue Mar 20, 2018 11:11 pm 
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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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Quote:
No trades today for me but you can read the below "Today's Trade Logs" to read the trade performance of other users in the chat room. As a reminder, you can join the chat room and watch it all in real-time but you'll need to post your own real-time trades too because the purpose of the free chat room is to be a trade journal of your trades & analysis...not a signal calling trade room.

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=178&t=2779

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=347&t=3682 contains brief information about trading plan, market context, brokers, trading time frames, position size management and other discussions.

-----------------------------

Market Context Summaries

The below summaries by Bloomberg, Briefing, Reuters and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/BOE/IMF actions or any important global economic events (e.g. Eurozone, MarketWatch.com) that had an impact on today's price action in many trading instruments I monitor during the trading day. Simply, I'm a strong believer that key market events causes key changes in supply/demand and volatility resulting in trade opportunities (swing points and strong continuation price actions) that reach profit targets. Thus, I pay attention to these key market events, intermarket analysis (e.g. Forex EurUsd, EuroFX 6E futures, Gold GC futures, Light Crude Oil (WTI) CL & Brent Oil futures, Eurex DAX futures, Euronext FTSE100 futures, Emini ES futures, Emini RTY futures, Treasury ZB futures and U.S. Dollar Index futures) while using WRB Analysis from one trade to the next trade to give me the market context for price action trading before the appearance of my technical analysis trade signals. Therefore, I maintain these archives for easy review to allow me to understand what was happening on any given trading day in the past involving key market events to help better understand my trade decisions (day trading, swing trading, position trading)...something I can not get from my broker PnL statements alone. Further, most financial websites remove (delete) their archives after a few years to make room for new content. Therefore, I maintain my own archives of the news content so that I have it available for me when financial websites no longer archives their content.

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click on the above image to view today's price action of key markets discussed by members of TheStrategyLab

The Market at 04:30PM ET
Dow: +116.36… | Nasdaq: +20.06… | S&P: +4.02…
NASDAQ Vol: 1.95 bln… Adv: 1283… Dec: 1615…
NYSE Vol: 819.8 mln… Adv: 1265… Dec: 1647…

Moving the Market

Tech sector struggles to keep pace as Facebook (FB) extends Monday's tumble; Oracle (ORCL) drops following earnings release

President Trump is reportedly planning to announce a $60 billion tariff plan against Chinese imports later this week

Energy shares rally amid an increase in the price of crude oil

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

04:30PM ET

[BRIEFING.COM] Stocks reclaimed a small portion of Monday's decline in choppy trade on Tuesday as investors began gearing up for the Fed's latest policy directive, which will cross the wires on Wednesday afternoon. The S&P 500 advanced 0.2%, trimming its weekly loss to 1.3%, while the Nasdaq climbed 0.3%, and the Dow jumped 0.5%.

The technology sector remained a focal point on Tuesday after leading Monday's sell off, and, for the most part, sentiment within the sector shifted; around three quarters of S&P 500 tech names finished in the green. However, Facebook (FB 168.15, -4.41) was a notable laggard for the second straight session, losing 2.6%, following reports that the Federal Trade Commission (FTC) is investigating whether the company violated a 2011 settlement regarding data privacy when research firm Cambridge Analytica obtained the personal data of 50 million users without their consent.

The Cambridge Analytica incident, which was first reported over the weekend, has been met with cries for greater government regulation, and has prompted lawmakers on Capitol Hill to ask for hearings with CEOs from social media companies, including Twitter (TWTR 31.35, -3.63), which dropped 10.4% on Tuesday. Twitter was also dealing with reports that Israel is considering sanctions against the company for allegedly ignoring requests to remove content that supports terrorism.

Oracle (ORCL 47.05, -4.90) also weighed on the tech group, losing 9.4%, after its better-than-expected quarterly earnings were overshadowed by a disappointing pace of growth in its cloud computing business and the realization that a lower tax rate helped drive the positive earnings surprise.

In the end, the technology sector finished Tuesday flat, closing near the middle of the sector standings. In general, cyclical sectors outperformed their countercyclical peers. The top-performing sectors were consumer discretionary (+0.6%) and energy (+0.9%), while consumer staples (-0.3%), utilities (-0.5%), and telecom services (-1.0%) were the worst-performing groups.

The energy sector benefited from an increase in the price of crude oil; West Texas Intermediate crude futures climbed 2.2% to $63.42 per barrel, hitting a three-week high. Heightened tensions between Saudi Arabia and Iran helped underpin the commodity, as did projections for a decline in Venezuela production due to the country's ongoing economic crisis.

In the bond market, U.S. Treasuries sold off on Tuesday, pushing yields higher across the curve; the benchmark 10-yr yield climbed four basis points to 2.88%, while the 2-yr yield jumped five basis points to 2.34%, which is its highest level since September 2008.

Investors didn't have any economic data to digest on Tuesday, turning their attention to Wednesday's rate-hike decision instead. The market is all but certain that the Fed will vote to raise the Fed funds target range by 25 basis points on Wednesday, so the Fed's economic and rate-hike projections will be the real main event. The CME FedWatch Tool is currently pointing towards a total of three rate hikes this year--although the chances for a fourth hike are sitting at 39.9%.

Also of note, President Trump is reportedly planning to announce $60 billion worth of annual tariffs on Chinese imports at the end of the week. The tariffs, which were first reported last Wednesday, will target more than 100 products, which the president argues were developed using trade secrets from American companies.

Nasdaq Composite: +6.7% YTD
S&P 500: +1.6% YTD
Dow Jones Industrial Average: unch YTD
Russell 2000: +2.3% YTD

Dow: +116.36… | Nasdaq: +20.06… | S&P: +4.02…
NASDAQ Adv/Dec 1283/1615. …NYSE Adv/Dec 1265/1647.

03:35PM ET
[BRIEFING.COM]

Commodities ending the day higher
Overall, commodities, as measured by the Bloomberg Commodity Index, are +0.2% at 86.7228
The dollar index is +0.6% at 89.97
Energy:
Mar WTI crude oil futures settled +$1.36 (+2.2%) at $63.42/barrel on the day
In other energy, Mar natural gas settled +$0.02 at $2.67/MMBtu
Metals:
Apr gold settled -$5.90 at $1311.70/oz, while Mar silver settled -$0.04 to $16.18/oz
Mar copper settled -$0.04 at $3.04/lb

Dow: +158.13… | Nasdaq: +27.55… | S&P: +7.38…
NASDAQ Adv/Dec 1394/1521. …NYSE Adv/Dec 1299/1598.

03:00PM ET

[BRIEFING.COM] Stocks are higher moving into the final hour of trading. The S&P 500 is up 0.2%, hovering a step behind the Nasdaq (+0.3%) and a few steps behind the Dow (+0.6%).

The market has been climbing steadily over the last hour, returning to session highs. The top-weighted technology sector (+0.1%) has ticked up into positive territory in recent trading, with chipmakers showing particular strength; the PHLX Semiconductor Index is up 0.9%. The vast majority of tech components are higher this afternoon, but Facebook (FB 165.72, -6.84) and Oracle (ORCL 47.37, -4.58) are still notable laggards, losing 4.0% and 8.9%, respectively.

In the bond market, U.S. Treasuries are still under pressure as their trading day comes to a close. The yield on the 10-yr note is up four basis points at 2.88%.
Dow: +157.94… | Nasdaq: +23.81… | S&P: +6.79…
NASDAQ Adv/Dec 1124/1450. …NYSE Adv/Dec 1282/159.

02:30PM ET

[BRIEFING.COM] The major averages are still jockeying for position within their daily ranges, mostly unchanged since the last update.

A Tuesday split among S&P 500 sectors has the energy (+0.9%) space higher, aided by a 2.3% gain in West Texas Intermediate crude oil futures to $63.58/bbl. While the Energy SPDR (XLE 66.91, +0.64, +0.9%) remains firmly off mid-January highs, a higher move today reclaims a portion of Monday's weakness.

Underperforming sectors, including telecom services (-1.2%), utilities (-0.6%), consumer staples (-0.5%), and information technology (-0.3%), contribute to the negative market breadth on Tuesday.
Dow: +108.24… | Nasdaq: +13.62… | S&P: +1.42…
NASDAQ Adv/Dec 1577/1063. …NYSE Adv/Dec 1198/1665.

02:00PM ET

[BRIEFING.COM] The S&P 500 has just slipped back below yesterday's close in recent trade. The Dow Jones Industrial Average and the Nasdaq Composite manage only slight gains.

In Europe, major averages closed with the FTSE up 0.3%, rebounding off a 15-month low dating back to December 2016. Some weaker than expected economic data out of the UK (February CPI) and Germany (March ZEW Economic Sentiment) has provided a measure of support by tempering rate-hike concerns for the time being. The latter view notwithstanding, the ECB's Yves Mersch is the latest ECB official to express confidence in the prospect of inflation rising in the eurozone.

The British pound is down 0.1% against the U.S. dollar to about 1.4007 in recent trade.

The remaining European bourses closed mostly higher with the DAX up 0.7% and the CAC higher by 0.6% -- the Athens exchange (-0.2%) and the Irish exchange (-0.7%) were the laggards across the pond on Tuesday.
Dow: +84.59… | Nasdaq: +1.80… | S&P: -0.91…
NASDAQ Adv/Dec 1635/1032. …NYSE Adv/Dec 1164/1696.

01:35PM ET

[BRIEFING.COM] The major U.S. indices are currently hovering in positive territory as stocks see small gains in the wake of yesterday's steep sell-off.

A look inside the Dow Jones Industrial Average shows that Boeing (BA 337.27, +5.51), Nike (NKE 66.66, +0.95), & Intel (INTC 51.47, +0.64) are outperforming.

Conversely, General Electric (GE 13.70, -0.37) is the worst-performing Dow component as the beleaguered conglomerate sees its shares fall to fresh multi-year lows.

Amid Monday's slump, the DJIA is currently down 0.95% this week.
Dow: +88.09… | Nasdaq: +3.83… | S&P: +0.46…
NASDAQ Adv/Dec 1088/1590. …NYSE Adv/Dec 1229/1607.

01:05PM ET

[BRIEFING.COM] Equities are struggling to bounce back from yesterday's big sell off in what has been a choppy day of trading thus far. The major averages are hovering near the middle of their trading ranges, with the S&P 500 sporting a gain of 0.1%. The Nasdaq and the Dow are up 0.2% and 0.4%, respectively.

Cyclical sectors are outperforming their countercyclical peers in general today, but the top-weighted technology sector is a notable exception. The tech space is down 0.2%--mitigating gains from cyclical peers like financials (+0.4%), consumer discretionary (+0.6%), industrials (+0.5%), and energy (+1.1%)--as heavy losses in shares of Oracle (ORCL 47.17, -4.77) and Facebook (FB 164.66, -7.91) have roughly balanced gains from most other tech components.

Oracle is down 9.1% after its better-than-expected quarterly earnings were overshadowed by a disappointing pace of growth in the company's cloud computing business and the realization that a lower tax rate helped drive the positive earnings surprise.

Meanwhile, Facebook is down 4.4%, extending its two-day decline to 11.0%, following reports that the Federal Trade Commission (FTC) is investigating whether the company violated a 2011 settlement regarding data privacy after Cambridge Analytica allegedly gained inappropriate access to data on 50 million Facebook users. Social media peer Twitter (TWTR 31.72, -3.26) is also struggling, down 9.4%, as investors contemplate the future of data regulation in light of Facebook's mishap.

The energy sector (+1.1%) is today's top-performing group, underpinned by an increase in the price of crude oil; West Texas Intermediate crude futures are up 2.2% at $63.46, hitting a new March high, after Saudi Arabia called the 2015 Iran nuclear deal a "flawed agreement," inflaming tensions between the two nations. A potential decline in Venezuela production due to the country's ongoing economic crisis has also helped support the commodity.

Conversely, countercyclical sectors like consumer staples (-0.5%), utilities (-0.5%), and telecom services (-1.2%) are trading at the back of the pack.

In Washington, President Trump is reportedly planning to announce on Friday $60 billion worth of annual tariffs on Chinese imports. The tariffs will target more than 100 products, which the president argues were developed using trade secrets from American companies.

U.S. Treasuries are under pressure, sending yields higher across the curve. The yield on the benchmark 10-yr note is up four basis points at 2.88%, while the yield on the 2-yr note is up four basis points at 2.33%, which marks its highest level since September 2008.

Elsewhere, the U.S. Dollar Index is up 0.5% at 89.93, and the CBOE Volatility Index is down 1.0% at 18.84.
Dow: +110.14… | Nasdaq: +13.57… | S&P: +2.86…
NASDAQ Adv/Dec 1175/1517. …NYSE Adv/Dec 1264/1554.

12:30PM ET

[BRIEFING.COM] The major averages have bounced back into positive territory after dipping into the red a short while ago. The S&P 500 is up 0.2%.

Twitter (TWTR 31.53, -3.46) shares have dropped sharply today, losing 9.6%. Recent reports that Israel is considering sanctions against the company for online incitement have likely contributed to the selling, but shares have largely been moving lower since the opening bell.

Shares of social media peer Facebook (FB 164.08, -8.53) are also solidly lower, down 4.9%, following a Bloomberg report that the Federal Trade Commission is probing whether the company violated terms of a 2011 consent decree after Cambridge Analytica allegedly gained inappropriate access to data on 50 million Facebook users.

FB shares have lost 11.4% through the first two sessions of the week.
Dow: +158.91… | Nasdaq: +24.91… | S&P: +6.98…
NASDAQ Adv/Dec 1229/1460. …NYSE Adv/Dec 1345/1480.

11:55AM ET

[BRIEFING.COM] Stocks have slipped to new session lows in recent trading, pushing the S&P 500 (-0.1%) into negative territory for the first time today.

Select drug companies are struggling after President Trump unveiled a plan to combat the opioid crisis on Monday, saying that the Department of Justice is "looking very seriously at bringing major litigation" against some drug companies. Endo International (ENDP 6.00, -0.71) and Opiant Pharmaceuticals (OPNT 22.20, -4.14) have been hit particularly hard by the news, dropping 10.6% and 16.4%, respectively, in today's session.

In Europe, the major bourses extended their gains following Wall Street's open. Germany's DAX is the top performer, up 0.7%, while France's CAC and the UK's FTSE sport gains of around 0.5% apiece. The euro has lost 0.4% against the U.S. dollar today, dropping to 1.2283.
Dow: +86.74… | Nasdaq: -10.53… | S&P: -1.70…
NASDAQ Adv/Dec 1120/1588. …NYSE Adv/Dec 1243/1571.

11:30AM ET

[BRIEFING.COM] The major averages are hovering near recent levels, with the S&P 500 sporting a gain of 0.2%.

WTI crude futures have jumped 2.4% to $63.60 per barrel, notching a new March high, after Saudi Arabia called the 2015 Iran nuclear deal a "flawed agreement," inflaming tensions between the two nations. A potential decline in Venezuela production due to the country's ongoing economic crisis has also served as a support.

The energy sector has benefited from the increase in crude prices and is currently atop today's sector standings with a gain of 1.3%.
Dow: +144.47… | Nasdaq: +15.47… | S&P: +5.31…
NASDAQ Adv/Dec 1302/1412. …NYSE Adv/Dec 1374/1411.

10:55AM ET

[BRIEFING.COM] The equity market dropped to its flat line after opening today's session modestly higher, but has since bounced back to earlier levels. The Dow Jones Industrial Average is up 0.6%, the Nasdaq Composite is higher by 0.3%, and the S&P 500 sports a gain of 0.2%.

Eight of eleven S&P sectors trade in the green, including financials (+0.3%), consumer discretionary (+0.5%), industrials (+0.7%), energy (+1.0%), materials (+0.2%), technology (+0.1%), health care (+0.1%), and real estate (+0.2%). The three laggards are consumer staples (-0.4%), telecom services (-0.6%), and utilities (-0.4%).

Today's performance was preceded by a broad sell off on Monday. Facebook (FB 167.77, -4.76) led the Monday retreat and has continued slipping in today's session; Facebook shares are down 2.8% today and 9.4% for the week. The S&P 500 holds a week-to-date loss of 1.2%.
Dow: +143.29… | Nasdaq: +18.81… | S&P: +5.23…
NASDAQ Adv/Dec 1228/1479. …NYSE Adv/Dec 1290/1472.

10:35AM ET
[BRIEFING.COM]

Commodities are beginning the day higher
Overall, commodities, as measured by the Bloomberg Commodity Index, are currently +0.2% at 86.6700
Dollar index is currently +0.4% at 89.84
Looking at energy...
Mar WTI crude oil futures are now +$1.48 at $63.61/barrel
In other energy, Mar natural gas is +$.01 at $2.67/MMBtu
Moving on to metals...
Apr gold is currently -$9.40 at $1308.40/oz, while Mar silver is -$0.19 at $16.14/oz
Mar copper is now -$0.04 at $3.04/lb

Dow: +178.57… | Nasdaq: +30.70… | S&P: +9.62…
NASDAQ Adv/Dec 1396/1212. …NYSE Adv/Dec 1413/1300.

09:55AM ET

[BRIEFING.COM] Equity indices have ticked higher since the opening bell, with the Dow Jones Industrial Average (+0.5%) showing particular strength.

The industrial sector is strong this morning, up 0.8%, with Dow components Boeing (BA 336.11, +4.35), 3M (MMM 234.19, +2.63), United Tech (UTX 128.29, +1.09), and Caterpillar (CAT 154.30, +2.15) sporting gains between 0.9% and 1.4%. Conversely, General Electric (GE 13.91, -0.15) is down 1.2%.

In the bond market, U.S. Treasuries are lower, pushing yields higher across the curve; the benchmark 10-yr yield is up four basis points at 2.88%.
Dow: +123.73… | Nasdaq: +24.79… | S&P: +7.93…
NASDAQ Adv/Dec 1548/1128. …NYSE Adv/Dec 1509/1099.

09:40AM ET

[BRIEFING.COM] The major averages are modestly higher, sporting gains between 0.1% and 0.4%.

10 of 11 S&P sectors are trading in the green. Energy is the top-performing group (+1.1%), underpinned by an increase in the price of crude oil; West Texas Intermediate crude futures are up 1.9% at $63.27 per barrel. Conversely, the top-weighted technology sector (-0.1%) trades at the back of the pack.

Within the tech space, Facebook (FB 168.02, -4.53) is down 2.6%, extending its two-day loss to 9.2%, following reports that the Federal Trade Commission (FTC) might investigate the social media giant for use of personal data.
Dow: +88.86… | Nasdaq: +6.89… | S&P: +4.26…
NASDAQ Adv/Dec 1333/1278. …NYSE Adv/Dec 1549/982.

09:09AM ET
[BRIEFING.COM] S&P futures vs fair value: +6.80. Nasdaq futures vs fair value: +21.80.

The equity market is on course for a modestly higher open, as the S&P 500 futures are trading seven points, or 0.3%, above fair value.

Shares of Oracle (ORCL 47.39, -4.56) are down 8.8% in pre-market trading after the technology giant released its quarterly results on Monday evening, which showed better-than-expected earnings on in-line revenues. Similarly, The Children's Place (PLCE 127.15, -11.80) is down 8.9% despite beating quarterly profit estimates.

In Washington, President Trump is reportedly planning to announce on Friday $60 billion worth of annual tariffs on Chinese imports. The tariffs will target more than 100 products, which the president argues were developed using trade secrets from American companies.

Overseas, Asian equity markets finished Tuesday mixed, while the major European bourses are trading modestly higher.

U.S. Treasuries are under pressure this morning, sending yields higher across the curve. The yield on the benchmark 10-yr note is up four basis points at 2.88%, while the yield on the 2-yr note is up four basis points at 2.33%, which marks its highest level since September 2008.

Investors will not receive any notable pieces of economic data today, but the Federal Open Market Committee (FOMC) will begin a two-day policy meeting that will end with the release of its latest policy directive on Wednesday afternoon.

08:51AM ET
[BRIEFING.COM] S&P futures vs fair value: +7.30. Nasdaq futures vs fair value: +24.00.

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

Asian markets started on a weak note, following the lead set for them on Monday by Wall Street. The early losses were recouped in many instances, however, as participants stepped in to buy on the weakness despite reports that the U.S. is getting ready to announce $60 billion worth of tariffs for Chinese imports and speculation that the People's Bank of China could raise interest rates again in the event the Federal Reserve raises its key policy rate again on Wednesday, as expected. A weakening yen helped contain the selling damage on the Nikkei.

In news, China's president closed out the National People's Congress; the minutes from the RBA's March meeting noted signs of global inflationary pressures are increasing and that trade protection measures are a risk to the outlook; and Japan's Trade Minister reportedly said there is a good chance Japan will see some exemptions from the steel and aluminum tariffs announced by the U.S.

In economic data:
Japan's March Tankan Index 28 (prior 29)
Hong Kong's February CPI +3.1% year-over-year (prior +1.7%)
Australia's Q4 House Price Index +1.0% (expected +0.1%; prior -0.2%)
South Korea's February PPI +0.4% month-over-month (prior +0.5%) and +1.3% year-over-year (prior +1.2%)
New Zealand's Q1 Westpac Consumer Sentiment 111.2 (prior 107.4)

---Equity Markets---

Japan's Nikkei declined 0.5% after having been down as much as 1.2% soon after the open. Fanuc Corp (-3.3%) was the worst-performing index component followed by Shiseido, Tokai Carbon, Tokyo Tatemono, and Marui Group, which declined between 2.7% and 2.9%. DOWA Holdings (+4.5%) led all gainers.
Hong Kong's Hang Seng edged up 0.1% and closed near its best levels of the session after declining as much as 1.1% earlier in the day. Sunny Optical Technology Group (+8.6%), AAC technologies (+4.5%), China Resources Power Holding (+2.3%), and Geely Automobile (+2.2%) were the upside leaders. Conversely, Link Reit, Bank of China, HKEX, New World Dev, and Sands China were the biggest losers, posting losses that raged from 1.2% to 1.5%.
China's Shanghai Composite increased 0.4%, overcoming an opening decline of approximately 0.8%. Guodian Nanjing, Guizhou Yibai Pharmaceuticals, Beijing AriTime Intelligent Control, Jiangsu Hongdou Industrial, and Harbin Dongan Auto Engine all gained 10.0%. Cultural Investment Holdings (-8.3%) sat atop the list of losers.
India's Sensex increased 0.2%, rebounding from a modest 0.3% decline seen shortly after the start of trading. The majority of components posted a gain. The biggest movers were Tata Steel (+3.2%), Sun Pharmaceutical Industries (+2.2%), and Dr. Reddy's Labs (+1.8%). Oil and Natural Gas Corp. (-1.1%) and ICICI Bank (-1.1%) were the only components to lose more than 1.0%.

European bourses are sporting a positive bias, distancing themselves from Wall Street's weak outing on Monday. Some weaker than expected economic data out of the UK (February CPI) and Germany (March ZEW Economic Sentiment) has provided a measure of support by tempering rate-hike concerns for the time being. The latter view notwithstanding, the ECB's Mersch is the latest ECB official to express confidence in the prospect of inflation rising in the eurozone. The Bank of England meets on Thursday and is expected to leave its key policy rate unchanged at 0.50%. The euro is down 0.4% against the dollar at 1.2287.

In economic data:
UK's February CPI +0.4% month-over-month (expected +0.5%; prior -0.5%) and +2.7% year-over-year (expected +2.8%; prior +3.0%); core CPI +2.4% year-over-year (expected +2.5%; prior +2.7%).
Germany's February PPI -0.1% month-over-month (expected +0.1%; prior +0.5%); Germany's March ZEW Economic Sentiment Index 5.1 (expected 13.1; prior 17.8)
Eurozone's March ZEW Economic Sentiment 13.4 (expected 28.1; prior 29.3)
Switzerland's February Trade Balance CHF 3.138 bln (expected CHF 1.870 bln; prior CHF 2.075 bln)

---Equity Markets---

UK's FTSE is up 0.4%, led by British Land Co (+1.7%), Micro Focus (+2.0%), and Tui (+2.4%). Provident Financial (-2.3%), Capita (-2.5%), and Paddy Power (-1.4%) are the worst-performing components.
Germany's DAX is up 0.3%, bolstered by gains in Deutsche Boerse (+2.5%), Adidas (+1.2%), Vonovia (+1.5%), Lufthansa (+1.1%), and Deutsche Bank (+1.2%). Henkel VZO (-1.6%) is the only component down more than 1.0%.
France's CAC is up 0.3%. Kering (+1.7%), ArcelorMittal (+1.4%), Louis Vuitton (+1.1%), and Credit Agricole (+1.2%) are among its best-performing components. Conversely, Veolia Environnement (-1.1%) is the worst-performing component and the only index member down more than 1.0%.


08:28AM ET
[BRIEFING.COM] S&P futures vs fair value: +10.00. Nasdaq futures vs fair value: +28.00.

The S&P 500 futures are trading 10 points, or 0.4%, above fair value.

With less than two weeks left in March, the month-to-date sector standings are mixed: five groups are trading in the green--real estate (+3.1%), utilities (+2.3%), telecom services (+0.7%), technology (+0.4%), and health care (+0.1%)--while six groups are trading in the red--consumer discretionary (unch), energy (-0.2%), industrials (-0.5%), financials (-0.6%), consumer staples (-1.0%), and materials (-2.1%).

The S&P 500 is flat for the month, while the Nasdaq is up 1.0% and the Dow is down 1.7%.

07:58AM ET
[BRIEFING.COM] S&P futures vs fair value: +11.00. Nasdaq futures vs fair value: +35.00.

Stocks dropped on Monday, with the three major averages losing between 1.4% and 1.8%, but look poised to open today's session in the green. The S&P 500 futures are currently trading 11 points, or 0.4%, above fair value, hovering near the top of their overnight range.

In line with reports released last week, the Washington Post reported on Monday evening that President Trump is planning to announce $60 billion worth of annual tariffs on Chinese imports on Friday. The tariffs will target more than 100 products, which the president argues were developed using trade secrets from American companies.

Overseas, Asian equity markets finished Tuesday mixed, with Japan's Nikkei (-0.5%) declining for the third consecutive session amid an ongoing political scandal involving Prime Minister Shinzo Abe. Stocks are modestly higher in Europe, with the UK's FTSE up 0.4% following a weaker-than-expected February CPI reading (+2.7% YOY actual vs +2.8% YOY expected).

In the bond market, U.S. Treasuries are under pressure this morning, sending yields higher across the curve. The yield on the benchmark 10-yr note is up three basis points at 2.87%, while the yield on the 2-yr note is up two basis points at 2.31%, which marks its highest level since September 2008.

West Texas Intermediate crude futures are up 1.3% at $62.93 per barrel, their highest level this month. Heightened tensions in the Middle East have helped underpin the commodity after Saudi Arabia called the Iran nuclear deal a "flawed agreement" on Monday.

Investors will not receive any notable pieces of economic data today. The Federal Open Market Committee (FOMC) will kick off a two-day meeting this morning, the climax of which will be the release of its latest policy directive on Wednesday afternoon.

In U.S. corporate news:

Oracle (ORCL 47.60, -4.35): -8.4% despite reporting better-than-expected earnings for its fiscal third quarter.
The Children's Place (PLCE 126.75, -12.20): -8.8% despite beating earnings estimates for the fourth quarter.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region finished Tuesday on a mixed note. Japan's Nikkei -0.5%, Hong Kong's Hang Seng +0.1%, China's Shanghai Composite +0.4%, India's Sensex +0.2%.
In economic data:
Japan's March Tankan Index 28 (prior 29)
Hong Kong's February CPI +3.1% year-over-year (prior +1.7%)
Australia's Q4 House Price Index +1.0% (expected +0.1%; prior -0.2%)
South Korea's February PPI +0.4% month-over-month (prior +0.5%) and +1.3% year-over-year (prior +1.2%)
New Zealand's Q1 Westpac Consumer Sentiment 111.2 (prior 107.4)
In news:
The U.S. is reportedly getting ready to announce $60 billion worth of tariffs for Chinese imports.
Reports indicate that the People's Bank of China could raise interest rates again in the event the Federal Reserve raises its key policy rate again on Wednesday, as expected.
China's president closed out the National People's Congress.
The minutes from the RBA's March meeting noted signs of global inflationary pressures are increasing and that trade protection measures are a risk to the outlook.
Japan's Trade Minister reportedly said there is a good chance Japan will see some exemptions from the steel and aluminum tariffs announced by the U.S.

European bourses are sporting a positive bias, distancing themselves from Wall Street's weak outing on Monday. UK's FTSE +0.4%, Germany's DAX +0.3%, France's CAC +0.2%.
In economic data:
UK's February CPI +0.4% month-over-month (expected +0.5%; prior -0.5%) and +2.7% year-over-year (expected +2.8%; prior +3.0%); core CPI +2.4% year-over-year (expected +2.5%; prior +2.7%).
Germany's February PPI -0.1% month-over-month (expected +0.1%; prior +0.5%); Germany's March ZEW Economic Sentiment Index 5.1 (expected 13.1; prior 17.8)
Eurozone's March ZEW Economic Sentiment 13.4 (expected 28.1; prior 29.3)
Switzerland's February Trade Balance CHF 3.138 bln (expected CHF 1.870 bln; prior CHF 2.075 bln)
In news:
Some weaker than expected economic data out of the UK (February CPI) and Germany (March ZEW Economic Sentiment) has provided a measure of support by tempering rate-hike concerns for the time being. The latter view notwithstanding, the ECB's Mersch is the latest ECB official to express confidence in the prospect of inflation rising in the eurozone.
The Bank of England meets on Thursday and is expected to leave its key policy rate unchanged at 0.50%.


07:05AM ET
[BRIEFING.COM] S&P futures vs fair value: +7.80. Nasdaq futures vs fair value: +21.00.

07:05AM ET
[BRIEFING.COM] Nikkei...21381...-99.90...-0.50%. Hang Seng...31550...+36.20...+0.10%.

07:05AM ET
[BRIEFING.COM] FTSE...7063.60...+20.70...+0.30%. DAX...12244.36...+27.30...+0.20%.

04:30PM ET

[BRIEFING.COM] U.S. equities took a beating on Monday, with declining issues outnumbering advancing issues nearly four to one on the New York Stock Exchange. The S&P 500 and the Dow Jones Industrial Average dropped 1.4% apiece, while the tech-heavy Nasdaq Composite lost 1.8% as technology shares underperformed.

Facebook (FB 172.56, -12.53) was the center of attention following weekend reports that research firm Cambridge Analytica gained inappropriate access to data on 50 million Facebook users. The alleged incident sent Facebook shares lower by 6.8% and was met with cries for greater regulation on data collection--which, in turn, weighed on fellow data collectors like Alphabet (GOOG 1099.82, -35.91, -3.2%), Twitter (TWTR 34.98, -0.60, -1.7%), and Snap (SNAP 16.42, -0.59, -3.5%).

Unsurprisingly, the technology sector--which is the most influential of the 11 S&P sectors, representing around a quarter of the broader market--finished at the bottom of the sector standings with a loss of 2.1%. The energy (-1.7%) and health care (-1.7%) sectors were the next-worst performers, while the financials (-0.9%) and industrials (-0.8%) groups showed relative strength, finishing at the top of the day's leaderboard.

The major averages were lower at the start of Monday's session, with the S&P 500 immediately dropping below its 50-day simple moving average (2748). Selling steadily drove the market lower into the afternoon, but a late bout of buying helped make things look somewhat better by the close. At its best mark of the day, the S&P 500 was down 0.4% and, at its worst, held a loss of 2.1%. The Nasdaq was down 2.6% at its session low, while the Dow never lost more than 2.0%.

U.S. Treasuries didn't receive much buying interest despite the equity sell off, with the benchmark 10-yr yield finishing unchanged at 2.84%. However, the defensive disposition was evident in the CBOE Volatility Index (VIX 19.43, +0.62), which spiked 25%, hitting a two-week high.

With no economic data due until midweek, investors turned their attention to the Fed's rate decision, which will be released on Wednesday afternoon. The market is all but certain that the central bank will raise rates, but the Fed's policy directive will still be highly influential as it will contain updated economic and rate hike projections.

Nasdaq Composite: +6.4% YTD
S&P 500: +1.5% YTD
Dow Jones Industrial Average: -0.4% YTD
Russell 2000: +2.3% YTD

Dow: -335.60… | Nasdaq: -137.74… | S&P: -39.09…
NASDAQ Adv/Dec 803/2146. …NYSE Adv/Dec 646/2344.

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 Emmett Moore via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Image The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

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
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