TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: April 3rd Tuesday Price Action Trade Result - No Trades
PostPosted: Tue Apr 03, 2018 11:58 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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Twitter @ http://twitter.com/wrbtrader (24/7)

Quote:
No trades today for me because its a schedule rest day for me. As a reminder, you can join the chat room and watch it all trades and price action analysis 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 journal of your real-time trades (simulator or real money) & price action analysis. Simply, the free chat room is not a signal calling trade room. If chat rooms are not your taste...you should then start a private trade journal that contains your broker statements or quantitative statistical analysis because trade journals are the best way for self improvement in your trade performance @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=117

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=179&t=2790

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=350&t=3706 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: +389.17… | Nasdaq: +71.16… | S&P: +32.57…
NASDAQ Vol: 2.30 bln… Adv: 1912… Dec: 1027…
NYSE Vol: 899.8 mln… Adv: 2209… Dec: 748…

Moving the Market

Stocks rebound after big losses on Monday

S&P 500 wrestles with its 200-day simple moving average (2590)

Amazon (AMZN) jumps following report that the White House isn't currently considering action against the company; President Trump has been critical of AMZN

Sector Watch
Strong: Energy, Materials, Health Care
Weak: Utilities, Telecom Services, Real Estate

04:30PM ET

[BRIEFING.COM] U.S. equities rebounded on Tuesday, reclaiming a little more than half of their Monday losses in a broad-based rally. The S&P 500 advanced 1.3% to 2614.45, the Dow Jones Industrial Average climbed 1.7% to 24033.36, and the Nasdaq Composite jumped 1.0% to 6941.28.

The major averages bounced around with modest gains for much of the session, but shot to new highs in the late afternoon following a headline that the White House doesn't have any specific plans for action against Amazon (AMZN 1392.05, +20.06). The news wasn't really new -- Press Secretary Sarah Huckabee Sanders made a similar statement last week -- but, nonetheless, it served to temper fears following critical comments from President Trump, who alleges the company is taking advantage of the U.S. Post Office and gets unfair tax treatment.

Amazon jumped following the headline, and the broader market came along with it -- thanks in part to some short-covering activity. AMZN shares, which were down as much as 1.2% on Tuesday, finished higher by 1.5%, while the S&P 500 finished near its session high and about 25 points above its 200-day simple moving average (2590). The benchmark index settled below the key technical level for the first time since June 2016 on Monday.

All 11 S&P sectors finished Tuesday in positive territory, with energy (+2.1%) being the top performer as WTI crude futures rebounded from a two-week low, climbing 0.7% to $63.45 per barrel. The financials (+1.4%), consumer discretionary (+1.2%), industrials (+1.4%), materials (+1.5%), health care (+1.5%), and consumer staples (+1.4%) sectors also finished with solid gains, while the lightly-weighted utilities (+0.4%) and real estate (+0.3%) sectors lagged.

The most influential group -- information technology -- finished higher by 1.0%, but struggled up until the late-afternoon rally, losing as much as 0.7% earlier in the session. The group's turnaround helped boost investor sentiment, which has suffered in recent weeks amid a lack of sector leadership; the technology group has underperformed as of late after pacing last year's rally and a once positive start to 2018. Likewise, the financial sector's upbeat performance was also notable tailwind for investor sentiment.

Investors did not receive any economic data on Tuesday, but automakers did report sales figures for the month of March. General Motors (GM 36.94, +1.18), Ford Motor (F 11.15, +0.29), and Fiat Chrysler (FCAU 21.79, +1.84) advanced 3.3%, 2.7%, and 9.2%, respectively, after all three reported year-over-year increases in sales; Fiat Chrysler's sales increased 14.0%, while GM's and Ford's sales increased 16.0% and 3.4%, respectively. Electric automaker Tesla (TSLA 267.53, +15.05) also climbed, adding 6.0%, after reporting Model 3 production just below its target and reaffirming its production outlook.

In the bond market, U.S. Treasuries tumbled on Tuesday, pushing yields higher across the curve; the yield on the benchmark 10-yr Treasury note climbed five basis points to 2.78%, rebounding from an eight-week low, while the 2-yr yield also advanced five basis points, closing at 2.29%.

Looking ahead, investors will receive several reports on Wednesday, including the weekly MBA Mortgage Applications Index at 7:00 AM ET, the ADP Employment Change report for March (Briefing.com consensus 203K) at 8:15 AM ET, and both February Factory Orders (Briefing.com consensus +1.8%) and the ISM Services Index for March (Briefing.com consensus 59.0) at 10:00 AM ET.

Nasdaq Composite: +0.6% YTD
S&P 500: -2.2% YTD
Dow Jones Industrial Average: -2.8% YTD
Russell 2000: -1.5% YTD

Dow: +389.17… | Nasdaq: +71.16… | S&P: +32.57…
NASDAQ Adv/Dec 1912/1027. …NYSE Adv/Dec 2209/748.

03:35PM ET
[BRIEFING.COM]

Commodities ending the day higher
Overall, commodities, as measured by the Bloomberg Commodity Index, are +0.2% at 87.0085
The dollar index is +0.2% at 89.89
Energy:
Mar WTI crude oil futures settled +$0.36 at $63.44/barrel on the day
In other energy, Mar natural gas settled +$0.02 at $2.70/MMBtu
Metals:
Apr gold settled -$9.70 at $1337.30/oz, while Mar silver settled -$0.28 to $16.39/oz
Mar copper settled +$0.01 at $3.06/lb

Dow: +285.51… | Nasdaq: +49.81… | S&P: +22.81…
NASDAQ Adv/Dec 1975/970. …NYSE Adv/Dec 2055/899.

03:00PM ET

[BRIEFING.COM] Stocks just spiked in recent trading, pushing the S&P 500 from its flat line to a gain of about 0.6%.

Amazon (AMZN 1386.40, +16.12) has led the sharp upward move following headlines that the White House does not have any specific plans for action against the company -- easing fears that critical comments from President Trump will lead to regulatory action. AMZN shares are currently up 1.5%.

With one hour left in today's session, all 11 S&P sectors are trading in the green. The top-weighted technology group, which has been lagging for most of today's session, is currently hovering a tick behind the broader market with a gain of 0.5%.
Dow: +229.25… | Nasdaq: +51.63… | S&P: +20.12…
NASDAQ Adv/Dec 1250/814. …NYSE Adv/Dec 1981/959.

02:30PM ET

[BRIEFING.COM] The major averages are little changed since the last update.

In cryptocurrencies, CBOE bitcoin futures for April delivery move higher after a mostly flat Monday, showing gains of 6.9% to about $7,430. The digital currency is coming off a rough Q1 where it saw its value plunge 50%; take this with a grain of salt, though, as bitcoin soared to highs above $19K in mid-December of 2017.

In traditional currencies, the US dollar is mixed; the buck gains against both the euro and the yen, +0.3% and +0.6%, respectively. The greenback posts losses of about 0.1% (1.4052) against the British pound in part due to a slightly better than expected UK March Manufacturing PMI reading earlier in the session.
Dow: +137.09… | Nasdaq: +12.68… | S&P: +11.10…
NASDAQ Adv/Dec 1224/962. …NYSE Adv/Dec 1840/1078.

02:00PM ET

[BRIEFING.COM] Today's modestly higher trade has the three major averages comfortably within their daily ranges. The benchmark index shows gains of 0.5%.

Juxtaposed against a slightly higher broader market, gold futures for June delivery settled Tuesday down about 0.7% to $1337.30/oz. The strength in the U.S. dollar also aids the move lower in gold futures; the US Dollar Index showing gains of 0.1% to 90.17 in recent trade.

The Gold SPDR ETF (GLD 126.32, -0.94) jostles with its 50 day simple moving average today (126.27) and is currently ahead of that mark, albeit in a losing effort, down 0.7% on the session. The ETF trims its YTD gains to about 2.1% vs a 2.8% loss in the S&P 500.
Dow: +173.83… | Nasdaq: +31.47… | S&P: +11.66…
NASDAQ Adv/Dec 1253/991. …NYSE Adv/Dec 1857/1035.

01:30PM ET

[BRIEFING.COM] The major U.S. indices have seen some increased buying activity since our last update as stocks look poised to retest their best levels of the day.

A look inside the Dow Jones Industrial Average shows that Nike (NKE 65.90, +1.78), Johnson & Johnson (JNJ 127.41, +2.85), & UnitedHealth Group (UNH 222.04, +4.84) are outperforming.

Conversely, General Electric (GE 12.99, -0.13) is the worst-performing Dow component after analysts at Stifel lowered their price target on shares from $15 to $13.

For the week, the DJIA is currently -1.07%.
Dow: +211.80… | Nasdaq: +33.43… | S&P: +16.37…
NASDAQ Adv/Dec 1367/898. …NYSE Adv/Dec 1936/956.

12:55PM ET

[BRIEFING.COM] The major averages have struggled to bounce back from Monday's drubbing today, held back by relative weakness in technology shares. The S&P 500 and the Dow Jones Industrial Average are up 0.3% and 0.5%, respectively, while the tech-heavy Nasdaq Composite hovers a tick above its unchanged mark.

10 of 11 S&P sectors are higher this afternoon, but the one laggard -- information technology -- just so happens to be the most influential group, comprising around a quarter of the broader market. The tech space is currently trading a tick lower, with heavyweights like Apple (AAPL 165.90, -0.79), Facebook (FB 154.70, -0.68), and Alphabet (GOOG 1003.05, -3.41) holding losses of around 0.5% apiece. Chipmaker NVIDIA (NVDA 223.70, +2.65) has advanced 1.2%, however, after being added to the 'US 1 List' at Bank of America/Merrill Lynch.

As for the advancing sectors, gains range from less than 0.1% to 0.6%. The energy (+0.6%), materials (+0.6%), and consumer staples (+0.6%) sectors are the top performers, while the second-most influential space -- financials (+0.5%) -- also shows relative strength. Financials have benefited from a sell off in the Treasury market that has left yields higher across the curve; the yield on the benchmark 10-yr Treasury note is up four basis points at 2.77% -- its best level in a week.

Within the consumer discretionary sector (+0.3%), Amazon (AMZN 1371.90, -0.09) has had a volatile session after President Trump criticized the company once again, reiterating his belief that Amazon package delivery is costing the United States Post Office a substantial amount of money. AMZN shares are currently flat, but have been up as much as 2.4% and down as much as 1.2%.

Meanwhile, automakers General Motors (GM 36.68, +0.93), Ford Motor (F 11.09, +0.23), and Fiat Chrysler (FCAU 21.65, +1.70) are up 2.5%, 2.1%, and 8.5%, respectively, after all three reported year-over-year increases in March sales; Fiat Chrysler reported an increase of 14.0%, while GM and Ford reported increases of 16.0% and 3.4%, respectively. Electric automaker Tesla (TSLA 261.41, +8.93) is also higher, adding 3.5%, after reporting Model 3 production just below its target and reaffirming its production outlook.

Wall Street has been keeping an eye on the S&P 500's 200-day simple moving average (2590) today after the benchmark index closed below the key technical level for the first time since June 2016 on Monday. The S&P 500 is currently hovering right at 2590, which places it near the middle of its 30-point daily range.

Investors did not receive any notable economic data today.
Dow: +116.61… | Nasdaq: +1.20… | S&P: +6.67…
NASDAQ Adv/Dec 1252/1049. …NYSE Adv/Dec 1826/1067.

12:25PM ET

[BRIEFING.COM] U.S. equities have continued slipping in recent action, bringing the tech-heavy Nasdaq (unch) back to its flat line.

In Europe, the major bourses registered losses on Tuesday in their first trading session following a four-day Easter weekend. Germany's DAX led the retreat, losing 0.8%, while the UK's FTSE and France's CAC declined 0.4% and 0.3%, respectively. Manufacturing PMI readings from the region tilted toward a deceleration in March.

The euro is currently down 0.3% against the U.S. dollar at 1.2262 -- which marks a two-week low.
Dow: +82.91… | Nasdaq: -1.46… | S&P: +4.52…
NASDAQ Adv/Dec 1381/979. …NYSE Adv/Dec 1857/999.

11:55AM ET

[BRIEFING.COM] Equity indices have come down from their session highs over the last 30 minutes, but still hold gains between 0.2% and 0.5%.

The top-weighted technology sector (+0.1%) is struggling to stay afloat, as some of the group's most influential names, including Apple (AAPL 166.09, -0.53), Alphabet (GOOG 1003.14, -2.63), and Facebook (FB 155.17, -0.18) underperform -- the three companies are down between 0.1% and 0.5%.

Conversely, chipmaker NVIDIA (NVDA 224.28, +3.32) has rallied 1.5% today after being added to the US 1 List at Bank of America/Merrill Lynch.
Dow: +107.62… | Nasdaq: +12.43… | S&P: +7.66…
NASDAQ Adv/Dec 1423/971. …NYSE Adv/Dec 1832/1016.

11:25AM ET

[BRIEFING.COM] Equities have jumped to new session highs in recent trading, pushing the S&P 500 up 0.7%.

The heavily-weighted financial sector (+1.0%) has led the upward move, with giants like JPMorgan Chase (JPM 108.60, +0.75), Bank of America (BAC 29.52, +0.21), Wells Fargo (WFC 51.73, +0.38), and Citigroup (C 68.32, +0.59) sporting gains between 0.7% and 1.0%.

An increase in Treasury yields has helped underpin the financial group today; the yield on the benchmark 10-yr note is up five basis points at 2.78%, hitting its best level in a week, while the yield on the 2-yr note is up four basis points at 2.28%.
Dow: +194.82… | Nasdaq: +50.67… | S&P: +16.92…
NASDAQ Adv/Dec 1645/812. …NYSE Adv/Dec 1936/884.

10:55AM ET

[BRIEFING.COM] The S&P 500 is up 0.5%, hovering a tick above its 200-day simple moving average (2590), while the Nasdaq Composite and the Dow Jones Industrial Average sport respective gains of 0.3% and 0.8%.

General Motors (GM 37.00, +1.24), Ford Motor (F 11.08, +0.22), and Fiat Chrysler (FCAU 21.59, +1.64) shares are up 3.4%, 2.0%, and 7.9%, respectively, after the automakers reported their March sales -- Fiat Chrysler reported a year-over-year increase of 14.0%, while GM and Ford reported year-over-year increases of 16.0% and 3.4%, respectively.

Meanwhile, Amazon (AMZN 1377.20, +52.1) has trimmed its opening gain of around 2.0% to 0.2% after President Trump reiterated his belief that the company is costing the United States Post Office a substantial amount of money.
Dow: +170.22… | Nasdaq: +20.69… | S&P: +11.50…
NASDAQ Adv/Dec 1588/1009. …NYSE Adv/Dec 1771/1028.

10:30AM ET
[BRIEFING.COM]

Commodities are beginning the day higher
Overall, commodities, as measured by the Bloomberg Commodity Index, are currently +0.2% at 87.0160
Dollar index is currently +0.25% at 89.91
Looking at energy..
Mar WTI crude oil futures are now +$0.43 at $63.44/barrel
In other energy, Mar natural gas is +$0.006 at $2.69/MMBtu
Moving on to metals...
Apr gold is currently -$10.10 at $1336.80/oz, while Mar silver is -$0.29 at $16.38/oz
Mar copper is now +$0.006 at $3.06/lb

Dow: +89.57… | Nasdaq: -7.80… | S&P: +1.41…
NASDAQ Adv/Dec 1525/1162. …NYSE Adv/Dec 1493/1274.

10:00AM ET

[BRIEFING.COM] Stocks have maintained their opening gains this morning; the S&P 500 is higher by 0.4%.

The consumer discretionary sector (+0.8%) is at the top of today's sector standings, helped by a 1.3% increase in shares of Amazon (AMZN 1391.12, +18.10). Shares of General Motors (GM 36.69, +0.93) also show relative strength, up 2.6%, after the automaker reported a 16% year over year increase in March sales.

Conversely, the real estate and telecom services sectors are at the bottom of the leaderboard, down around 0.2% apiece. However, their impact is modest, as they represent just 5% of the broader market combined.
Dow: +94.80… | Nasdaq: +19.33… | S&P: +6.18…
NASDAQ Adv/Dec 1693/970. …NYSE Adv/Dec 1736/922.

09:40AM ET

[BRIEFING.COM] The major averages are up between 0.4% and 0.7% in early action.

Most S&P sectors are trading in the green, but gains have been limited; no group is up more than 0.8%. Consumer discretionary (+0.8%) is trading at the top of the leaderboard, while the technology (+0.6%) and financials (+0.6%) sectors also outperform. Telecom services is the weakest sector with a loss of 0.4%.

The S&P 500 is currently three points above its 200-day simple moving average (2590).
Dow: +132.70… | Nasdaq: +47.81… | S&P: +11.95…
NASDAQ Adv/Dec 1869/786. …NYSE Adv/Dec 1773/835.

09:11AM ET
[BRIEFING.COM] S&P futures vs fair value: +11.80. Nasdaq futures vs fair value: +53.50.

The equity market is on course for a higher open following yesterday's sell off; the S&P 500 futures are trading 12 points, or 0.5%, above fair value.

In corporate news, NVIDIA (NVDA 226.28, +5.23) is up 2.4% in pre-market trading after Bank of America/Merrill Lynch added the chipmaker to its 'US 1 List.' Separately, Tesla (TSLA 258.00, +5.52) is up 2.2% after reporting that Q1 production increased 40% quarter over quarter and that it expects Model 3 production to climb rapidly through Q2. Also of note, the NYSE established a reference price of $132 per share for Spotify (SPOT) ahead of today's direct listing.

In the bond market, U.S. Treasuries are in the red this morning, giving back yesterday's modest advance (and more). The yield on the benchmark 10-yr note is up three basis points at 2.76%, while the yield on the 2-yr note is also up three basis points, hovering at 2.27%. Yields move inversely to prices.

Investors will not receive any economic data today, but March auto and truck sales will be released throughout the session. In addition, Minneapolis Fed President Neel Kashkari (nonvoter) is scheduled to speak at 9:30 AM ET.

08:50AM ET
[BRIEFING.COM] S&P futures vs fair value: +11.50. Nasdaq futures vs fair value: +54.30.

The S&P 500 futures are trading 12 points, or 0.5%, above fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note, though losses were limited. Press reports from China indicate the country's government is putting pressure on lenders to reduce local government debt risk. Down under, the Reserve Bank of Australia left its cash rate at 1.50%, as expected, and the bank's policy statement was free of surprises.

In economic data:
Australia's Commodity Prices -2.1% year-over-year (last -2.8%). March AIG Manufacturing Index 63.1 (last 57.5)
Japan's Monetary Base +9.1% year-over-year (expected 9.6%; last 9.4%)
India's March Nikkei Markit Manufacturing PMI 51.0 (expected 52.8; last 52.1)
Hong Kong's February Retail Sales +29.8% year-over-year (last 4.1%)
South Korea's March CPI -0.1% month-over-month (expected 0.2%; last 0.8%); +1.3% year-over-year (expected 1.6%; last 1.4%)

---Equity Markets---

Japan's Nikkei lost 0.5%. Furukawa Electric, Okuma, Fanuc, TDK, Nikon, SUMCO, JTEKT, Olympus, Konami, and Hino Motors surrendered between 1.6% and 3.7%.
Hong Kong's Hang Seng added 0.3%. Financials and property names had a good showing with Wharf Real Estate, AIA Group, ICBC, Ping An Insurance, and Bank of China adding between 0.5% and 3.7%. On the downside, Power Assets lost 11.4% after China's President Xi Jinping called for limits on pollution and coal usage.
China's Shanghai Composite fell 0.8%. Shenyang Commercial City, Zhejiang Orient Holdings, Shanxi Coking, Luxin Venture Capital Group, and Yonyou Network Technology lost between 4.4% and 5.4%.
India's Sensex gained 0.4% with help from financials. ICICI Bank, Yes Bank, SBI, IndusInd Bank, and AXIS Bank advanced between 1.0% and 2.9%.

Major European indices trade on a mostly lower note while Italy's MIB hovers just above its flat line, bucking the trend. EU officials reportedly warned British banks to have contingency plans ready in the event Brexit negotiations fail to produce a deal. In Greece, Prime Minister Alexis Tsipras announced that elections will held next fall. On the economic front, regional PMI readings continued pulling back from recent highs.

In economic data:
Eurozone March Manufacturing PMI 56.6, as expected (last 56.6)
UK's March Manufacturing PMI 55.1 (expected 54.8; last 55.0)
Germany's March Manufacturing PMI 58.2 (expected 58.4; last 58.4). February Retail Sales -0.7% month-over-month (expected 0.7%; last -0.3%); +1.3% year-over-year (expected 2.2%; last 2.5%)
France's March Manufacturing PMI 53.7 (expected 53.6; last 53.6)
Italy's March Manufacturing PMI 55.1 (expected 55.6; last 56.8)
Spain's March Manufacturing PMI 54.8 (expected 54.7; last 56.0). March Unemployment Change -47,700 (expected -47,500; last -6,300) and March Consumer Confidence 98.6 (last 99.7)
Swiss February Retail Sales -0.2% year-over-year (expected -0.7%; last -0.4%) and March SVME PMI 60.3 (expected 64.3; last 65.5)

---Equity Markets---

Germany's DAX is down 0.7% amid broad weakness. Fresenius, Infineon, Continental, and Siemens are down between 1.0% and 1.9% while Deutsche Bank and Commerzbank are both down near 1.5%. Automaker BMW outperforms with a gain of 0.2%.
France's CAC has given up 0.4%. Sodexo is down 5.1% while STMicroelectronics, Renault, Michelin, Valeo, Societe Generale, and Peugeot hold losses between 0.6% and 3.1%. On the upside, Total has climbed 1.8%.
UK's FTSE is lower by 0.1%. Consumer names are among the laggards with Paddy Power, Merlin Entertainments, Tesco, InterContinental Hotels, Diageo, and Marks & Spencer sport losses between 0.4% and 1.6%.
Italy's MIB trades higher by 0.1%. Mediaset has spiked 7.5% after signing a content deal with Sky. Financials like Banca Generali, Intesa Sanpaolo, and UniCredit are up between 0.5% and 1.2%.

08:25AM ET
[BRIEFING.COM] S&P futures vs fair value: +11.00. Nasdaq futures vs fair value: +52.80.

The S&P 500 futures are trading 11 points, or 0.4%, above fair value.

Losses were broad on Monday, with each of the 11 S&P sectors finishing in the red. The consumer staples (-2.5%), technology (-2.5%), and consumer discretionary (-2.8%) groups were the worst performers, while the lightly-weighted utilities space (-0.8%) showed relative strength, closing at the top of the leaderboard.

The Nasdaq (-0.5% YTD) has rejoined the S&P 500 (-3.4% YTD) and the Dow (-4.4% YTD) in negative territory for the year after losing 2.7% on Monday.

07:56AM ET
[BRIEFING.COM] S&P futures vs fair value: +5.50. Nasdaq futures vs fair value: +27.50.

U.S. equities sold off sharply on Monday, dropping the major averages by at least 1.9% apiece, but are on course to open slightly higher this morning. The S&P 500 futures are trading six points, or 0.2%, above fair value, as the benchmark index looks to break back above its 200-day moving average (2590) after falling below the key technical level yesterday.

Overseas, major stock indices in Asia followed Wall Street lower on Tuesday, although losses were limited with Japan's Nikkei losing 0.5%. The major European bourses are broadly lower this morning, showing losses between 0.2% and 0.7%, following a four-day Easter weekend. March PMI readings from Europe continued pulling back from recent highs.

In the bond market, U.S. Treasuries are in the red this morning, giving back yesterday's modest advance. The yield on the benchmark 10-yr note is up two basis points at 2.75%, while the yield on the 2-yr note is also up two basis points, hovering at 2.26%. Yields move inversely to prices.

Investors will not receive any economic data today, but March auto and truck sales will be released throughout the session. In addition, Minneapolis Fed President Neel Kashkari (nonvoter) is scheduled to speak at 9:30 AM ET.

In U.S. corporate news:

U.S. Steel (X 35.08, +0.86): +2.5% after Citigroup upgraded shares to 'Buy' from 'Neutral.'
Spotify (SPOT): NYSE establishes a reference price of $132 per share ahead of today's direct listing.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note, though losses were limited. Japan's Nikkei -0.5%, Hong Kong's Hang Seng +0.3%, China's Shanghai Composite -0.8%, India's Sensex +0.4%.
In economic data:
Australia's Commodity Prices -2.1% year-over-year (last -2.8%). March AIG Manufacturing Index 63.1 (last 57.5)
Japan's Monetary Base +9.1% year-over-year (expected 9.6%; last 9.4%)
India's March Nikkei Markit Manufacturing PMI 51.0 (expected 52.8; last 52.1)
Hong Kong's February Retail Sales +29.8% year-over-year (last 4.1%)
South Korea's March CPI -0.1% month-over-month (expected 0.2%; last 0.8%); +1.3% year-over-year (expected 1.6%; last 1.4%)
In news:
Press reports from China indicate the country's government is putting pressure on lenders to reduce local government debt risk.
The Reserve Bank of Australia left its cash rate at 1.50%, as expected, and the bank's policy statement was free of surprises.

Major European indices trade on a mostly lower note while Italy's MIB hovers just above its flat line, bucking the trend. Germany's DAX -0.7%, France's CAC -0.4%, UK's FTSE -0.2%.
In economic data:
Eurozone March Manufacturing PMI 56.6, as expected (last 56.6)
UK's March Manufacturing PMI 55.1 (expected 54.8; last 55.0)
Germany's March Manufacturing PMI 58.2 (expected 58.4; last 58.4). February Retail Sales -0.7% month-over-month (expected 0.7%; last -0.3%); +1.3% year-over-year (expected 2.2%; last 2.5%)
France's March Manufacturing PMI 53.7 (expected 53.6; last 53.6)
Italy's March Manufacturing PMI 55.1 (expected 55.6; last 56.8)
Spain's March Manufacturing PMI 54.8 (expected 54.7; last 56.0). March Unemployment Change -47,700 (expected -47,500; last -6,300) and March Consumer Confidence 98.6 (last 99.7)
Swiss February Retail Sales -0.2% year-over-year (expected -0.7%; last -0.4%) and March SVME PMI 60.3 (expected 64.3; last 65.5)
In news:
EU officials reportedly warned British banks to have contingency plans ready in the event Brexit negotiations fail to produce a deal.
In Greece, Prime Minister Alexis Tsipras announced that elections will held next fall.
On the economic front, regional PMI readings continued pulling back from recent highs.


07:30AM ET
[BRIEFING.COM] S&P futures vs fair value: +4.00. Nasdaq futures vs fair value: +21.00.

06:56AM ET
[BRIEFING.COM] S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +30.00.

06:56AM ET
[BRIEFING.COM] Nikkei...21292...-96.30...-0.50%. Hang Seng...30180...+86.70...+0.30%.

06:56AM ET
[BRIEFING.COM] FTSE...7043.68...-12.90...-0.20%. DAX...11989.76...-107.00...-0.90%.

04:30PM ET

[BRIEFING.COM] U.S. equities registered big losses on Monday, with declining issues outpacing advancing issues four to one at the New York Stock Exchange.

The S&P 500 dropped 58.99 points, or 2.2%, to 2581.88, falling to its lowest level since mid-November and closing below its 200-day simple moving average (2589.85) for the first time since June 2016. The Dow Jones Industrial Average tumbled 458.92 points, or 1.9%, to 23644.19, and the Nasdaq Composite slid 193.76 points, or 2.7%, to 6870.12, rejoining the other two major indices in negative territory for the year. A late rally brought the major averages up from their worst marks of the day -- the S&P 500 was down 3.3% at its session low.

Losses were both broad -- 11 of 11 S&P 500 sectors finished in the red -- and deep -- 8 of 11 groups lost at least 2.0%.

The consumer discretionary sector (-2.8%) was the weakest group, weighed down by a 5.2% decline in shares of Amazon (AMZN 1371.99, 75.35), which dropped after President Trump promised to intervene in the company's relationship with the U.S. Post Office, which he says is losing "a fortune" by delivering Amazon packages. The president's statement was in line with similar comments that he made last week. Meanwhile, the lightly-weighted utilities group (-0.8%) showed relative strength, closing at the top of the leaderboard.

There were a handful of headline catalysts behind Monday's mauling -- including renewed trade concerns following China's decision to follow through with tariffs on 128 products imported from the U.S. and political angst following President Trump's threat to withdraw from NAFTA if Mexico doesn't do more to secure the border -- but technical and psychological factors were also at play; the S&P 500 wiped out its 200-day simple moving average, which has been a key area of technical support, and the continued underperformance of the influential technology sector weighed on investor sentiment.

The technology space declined 2.5%, with Dow component Intel (INTC 48.92, -3.16) showing particular weakness. Intel shares dropped 6.1% in reaction to reports that Apple (AAPL 166.68, -1.10) is planning to use its own processors, instead of Intel chips, in Mac computers starting as early as 2020. Apple outperformed the broader market, losing 0.7%, while fellow mega caps Facebook (FB 155.39, -4.40), Alphabet (GOOG 1006.47, -25.32), and Microsoft (MSFT 88.52, -2.75) lost between 2.5% and 3.0%.

Despite the broad retreat, there were a few names that moved higher on Monday, including Humana (HUM 280.70, +11.87), which rallied 4.4% after a Wall Street Journal report that Walmart (WMT 85.55, -3.42) is in preliminary talks to acquire the health insurance company. Dow component UnitedHealth (UNH 217.20, +3.20) advanced 1.5% in sympathy, but the health care sector settled just a tick above the broader market, finishing with a loss of 2.1%.

Outside of equities, U.S. Treasuries ticked higher, pushing yields lower across the curve; the benchmark 10-yr yield declined one basis point to 2.73% -- its lowest level since early February. Meanwhile, West Texas Intermediate crude futures dropped 2.6% to $63.08 per barrel, gold futures advanced 1.6% to $1348.10/oz, and the CBOE Volatility Index (VIX) jumped 3.5 points, or 17.1%, to 23.37.

Markets were closed in Europe for Easter Monday, while the major stock indices in Asia opened the week on a modestly lower note.

Reviewing Monday's economic data, which was limited to the ISM Index for March and the Construction Spending report for February:

The ISM Index for March declined to 59.3 from an unrevised reading of 60.8 in February, while the Briefing.com consensus expected a reading of 60.0.
The key takeaway from the report is that the Prices Index hit its highest level (78.1) since April 2011, with price increases registered across 17 of 18 industry sectors.
Construction Spending ticked up 0.1% in February, while the Briefing.com consensus expected an increase of 0.5%. The prior month's reading was left at 0.0%.
The key takeaway from the report is that construction spending growth continues to run at a relatively slow pace, which is an inhibitor of stronger overall growth.

On Tuesday, March auto and truck sales will be released throughout the day.

Nasdaq Composite: -0.5% YTD
S&P 500: -3.4% YTD
Dow Jones Industrial Average: -4.4% YTD
Russell 2000: -2.8% YTD

Dow: -458.92… | Nasdaq: -193.33… | S&P: -58.99…
NASDAQ Adv/Dec 580/2414. …NYSE Adv/Dec 580/2425.

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)
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