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 Post subject: April 12th Thursday Price Action Trade Result - No Trades
PostPosted: Thu Apr 12, 2018 9:54 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
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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
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Quote:
No trades today for me because I decided just before the open to just monitor & study Eurex futures and Euronext futures to become familiar with them again. 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=2797

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: +293.60… | Nasdaq: +71.22… | S&P: +21.80…
NASDAQ Vol: 2.01 bln… Adv: 1879… Dec: 1018…
NYSE Vol: 746.2 mln… Adv: 1611… Dec: 1336…

Moving the Market

President Trump says U.S.-led attack on Syria could be delayed

BlackRock (BLK), Delta Air Lines (DAL) beat earnings estimates

Top-weighted technology and financials sectors outperform

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

04:30PM ET

[BRIEFING.COM] Stocks revived a rebound rally on Thursday following a midweek slump, pushing the S&P 500 higher by 0.8%. The Nasdaq Composite and the Dow Jones Industrial Average did even better, climbing 1.0% and 1.2%, respectively, while the small-cap Russell 2000 lagged a bit, finishing with a gain of 0.7%. A late bout of selling took the major averages from their session highs, leaving them near the middle of their daily ranges.

Financial shares paced Thursday's rally ahead of earnings results from JPMorgan Chase (JPM 113.37, +2.75), Citigroup (C 72.13, +2.24), and Wells Fargo (WFC 52.70, +0.77), all of which will report on Friday morning -- unofficially marking the start of the first quarter earnings season. A better-than-expected Q1 report from BlackRock (BLK 533.01, +7.70, +1.5%), which beat both earnings and revenues estimates, helped fuel some optimism ahead of the more influential releases.

In terms of sector standings, the financial group was the top performer with a gain of 1.8%, followed by industrials (+1.5%), technology (+1.3%), and materials (+1.1%). The energy sector (unch) underperformed, cooling off from a big three-session rally, as crude oil prices fought to extend a three-year high. West Texas Intermediate crude futures were down as much as 1.2% on Thursday, but eventually finished the session higher by 0.5% at $67.18 per barrel.

WTI crude futures have had a big week thus far, spiking 8.3%, as escalated geopolitical tensions in the oil-rich Middle East have led investors to bet on a slowdown in production. The market has been awaiting a U.S.-led strike on the Syrian government after it allegedly attacked the rebel-held town of Douma with chemical weapons over the weekend. However, the timing of said strike became much less clear after President Trump said in a tweet on Thursday morning that the attack "[c]ould be very soon or not so soon at all!"

The president's tweet seemed to help ease fears regarding the situation in Syria -- or, at the very least, temporarily put it out of investors' minds.

Wall Street's risk-on tone carried over into other financial markets, with safe-haven assets moving lower. Gold futures dropped 1.5% to $1342.10/oz, the Japanese yen declined 0.4% against the U.S. dollar to 107.26, and U.S. Treasuries slid across the curve, pushing yields higher; the yield on the benchmark 10-yr Treasury note jumped four basis points to 2.83%. On a related note, the CBOE Volatility Index declined 1.72 points, or 8.5%, to 18.52 -- hitting a three-week low.

The stock market was higher throughout Thursday's session, but was pretty jumpy at times, pointing to a lack of conviction among traders. Volume remained light with just 746 million shares changing hands at the New York Stock Exchange; the 50-day moving average is 953 million shares.

Reviewing Thursday's economic data, which was limited to Export/Import Prices for March and the weekly Initial Claims report:

Import prices excluding oil rose 0.2% in March after increasing an unrevised 0.5% in February, while export prices excluding agriculture decreased 0.1% after rising an unrevised 0.2% in February.
The overall month-over-month changes are on the softer side, yet the key takeaway is that the year-over-year changes in core prices reveal a firming inflation trend.
The latest weekly initial jobless claims count totaled 233,000, while the Briefing.com consensus expected a reading of 230,000. Today's tally was below the unrevised prior week count of 242,000. As for continuing claims, they rose to 1.871 million from a revised count of 1.818 million (from 1.808 million).
Initial claims have held below 300,000 for 162 straight weeks.

On Friday, investors will receive the preliminary reading of the University of Michigan Consumer Sentiment Index for April (Briefing.com consensus 100.6) and the Job Openings and Labor Turnover Survey for February; both pieces of data will be released at 10:00 AM ET.

Nasdaq Composite: +3.4% YTD
Russell 2000: +1.4% YTD
S&P 500: -0.4% YTD
Dow Jones Industrial Average: -1.0% YTD

Dow: +293.60… | Nasdaq: +71.22… | S&P: +21.80…
NASDAQ Adv/Dec 1879/1018. …NYSE Adv/Dec 1611/1336.

03:40PM ET
[BRIEFING.COM]

Commodities ending the day lower
Overall, commodities, as measured by the Bloomberg Commodity Index, are -0.2% at 89.0947
The dollar index is +0.3% at 89.47
Energy:
May WTI crude oil futures settled +$0.27 at $67.06/barrel on the day
In other energy, May natural gas settled $0.01 higher at $2.69/MMBtu
Metals:
June gold settled -$18.10 at $1342.10/oz, while May silver settled -$0.28 to $16.48/oz
May copper settled -$0.06 at $3.06/lb

Dow: +375.04… | Nasdaq: +92.56… | S&P: +30.34…
NASDAQ Adv/Dec 2013/894. …NYSE Adv/Dec 1681/1242.

02:55PM ET

[BRIEFING.COM] Stocks a step below session highs with one hour to go. The S&P 500 is up 0.9%, reclaiming all of yesterday's drop (and then some), and extending its week-to-date advance to 2.4%. Meanwhile, the Nasdaq Composite is up 1.0%, and the Dow Jones Industrial Averages trades higher by 1.3%.

Seven of eleven S&P sectors are trading in the green this afternoon and, in general, cyclical groups are the best performers. The financials (+2.0%), industrials (+1.5%), technology (+1.4%), and materials (+1.2%) sectors are leading the charge, while the utilities (-1.3%) and real estate (-1.1%) groups are at the back of the pack. Energy is underperforming, up just 0.4%, but remains comfortably ahead of the S&P 500 for the week with a week-to-date gain of 5.2%.

In the bond market, U.S. Treasuries are still under pressure, hovering near their worst levels of the day. The yield on the benchmark 10-yr Treasury note is up four basis points at 2.83%, while the yield on the 2-yr Treasury note is up two basis points at 2.34%. Yields move inversely to prices.
Dow: +325.27… | Nasdaq: +74.88… | S&P: +24.70…
NASDAQ Adv/Dec 1407/975. …NYSE Adv/Dec 1643/1247.

02:25PM ET

[BRIEFING.COM] The major averages remain within their daily ranges at this juncture.

Tomorrow morning, expect a few earnings reports out of the heavily-weighted financials (+1.9%) sector. Blue chip names Citigroup (C 71.99, +2.10, +3.0%), JPMorgan Chase (JPM 113.77, +3.15, +2.9%), and Wells Fargo (WFC 52.74, +0.81, +1.6%) will all announce results from the latest quarter ahead of tomorrow's opening bell. These names are split thus far in 2018 with C down 3.3%, JPM up 6.0%, and WFC down 13.2% YTD vs a 0.5% decline in the S&P 500 since the start of the year.

Not surprisingly, the Financial Sector SPDR (XLF 27.95, +0.55, +2.0%) is little changed YTD as moves among bellwether names have balanced the sector.
Dow: +327.57… | Nasdaq: +81.36… | S&P: +23.27…
NASDAQ Adv/Dec 1431/960. …NYSE Adv/Dec 1673/1223.

02:00PM ET

[BRIEFING.COM] Equities have returned to their earlier levels in the last half hour. The Dow Jones Industrial Average still leads with gains north of 1.1%.

Gold futures claimed multi-month highs yesterday. Following yesterday's solid advance, gold futures moved lower for the first time in five sessions. All told, gold futures settled down 1.3% at $1,341.90/oz on Thursday.

Gold stocks, too, are markedly lower at this point with Barrick Gold (ABX 12.96, -0.11, -0.9%), Goldcorp (GG 14.28, -0.05, -0.4%), Randgold Resources (GOLD 81.17, -1.46, -1.8%), and Sibanye-Stillwater (SBGL 3.68, -0.17, -4.4%) all trading below yesterday's close.

On the political front, about 30 minutes ago CNBC reported that the U.S. was considering a strike on eight targets in Syria. The report comes after a suspected chemical attack from the Syrian government on the rebel-held town of Douma that killed at least 40 people over the weekend. Then, this morning ahead of the market open, President Donald Trump tweeted that Syria attack could come 'soon or not so soon at all'.
Dow: +289.81… | Nasdaq: +56.92… | S&P: +22.00…
NASDAQ Adv/Dec 1408/1035q. …NYSE Adv/Dec 1589/1291.

01:30PM ET

[BRIEFING.COM] The major U.S. indices have seen some volatility in recent trading amid headlines that the U.S. apparently plans to strike eight targets in Syria in response to this past weekend's chemical attack.

A look inside the Dow Jones Industrial Average shows that Intel (INTC 53.12, +2.02), DowDuPont (DWDP 66.56, +1.83), & Boeing (BA 336.77, +9.41) are outperforming.

Conversely, Walt Disney (DIS 100.22, -0.58) is the worst-performing Dow component after a UK takeover panel ruled that the company must offer to buy all of Sky plc should 21st Century Fox's (FOXA 36.35, +0.17) bid for Sky is blocked.

For the week, the DJIA is currently up 2.25%.

Elsewhere, at the top of the hour, the Treasury's $13 bln 30-year bond reopening drew a high yield of 3.044% on a bid-to-cover of 2.41.
Dow: +332.13… | Nasdaq: +79.74… | S&P: +25.76…
NASDAQ Adv/Dec 1460/1055. …NYSE Adv/Dec 1557/1299.

01:00PM ET

[BRIEFING.COM] Stocks have resumed this week's rebound today, pushing the major averages more than 1.0% above yesterday's closing levels. The S&P 500 is currently up 1.1%, while the Nasdaq and the Dow are sporting gains of 1.2% and 1.5%, respectively. All three indices are trading at their best marks of the day.

The financial sector is leading today's rally with a gain of 2.0% following a better-than-expected first quarter earnings report from BlackRock (BLK 539.38, +14.07, +2.7%), which has generated some excitement about tomorrow's reports from JPMorgan Chase (JPM 113.53, +2.92), Citigroup (C 71.80, +1.91), and Wells Fargo (WFC 52.75, +0.82). A curve-steepening sell off in the U.S. Treasury market has also been supporting financials, increasing the 2-10 spread by four basis points to 51 bps. The benchmark 10-yr yield accounts for all of that move, advancing four basis points to 2.83%.

Other outperforming sectors include industrials (+1.5%), materials (+1.2%), and the top-weighted technology group (+1.5%). All four of the top-performing sectors are growth sensitive, meaning they typically do well when the outlook for the economy is favorable. Within the tech space, chipmakers Intel (INTC 52.95, +1.85) and NVIDIA (NVDA 233.52, +7.28) are especially strong, advancing 3.6% and 3.3%, respectively. Conversely, Facebook (FB 164.62, -1.70) is down 1.0% following big gains in the prior two sessions during CEO Mark Zuckerberg's testimony on Capitol Hill.

Meanwhile, Delta Air Lines (DAL 52.82, +1.35) is up 2.6% after beating earnings estimates for the first quarter and reaffirming its profit guidance for FY18 -- even in the face of rising fuel costs. Delta's positive performance has helped underpin its transport peers today, evidenced by the 1.8% increase in the Dow Jones Transportation Average.

Oil prices were down more than 1.0% earlier, but have nearly reclaimed all of their losses since; West Texas Intermediate crude futures are currently down 0.3% at $66.64 per barrel. Escalating tensions in the Middle East have pushed crude prices to a three-year high this week, but a tweet from President Trump early this morning has helped ease fears surrounding the situation in Syria -- or, more likely, put it out of investors' minds for the time being.

The president revealed that a U.S.-led strike against the Syrian government, which allegedly carried out a chemical attack on the rebel-held town of Douma over the weekend, could come "very soon or not so soon at all," blurring the widely-held notion that an attack was imminent.

Outside of equities, safe-haven assets are under pressure today. U.S. Treasuries are down, as mentioned above, as are gold futures and the Japanese yen; gold has dropped 1.5% to 1340.30/oz, while the Japanese yen has given up 0.5% against the U.S. dollar, dropping to 107.30. The dollar is strong overall, evidenced by the 0.3% increase in the U.S. Dollar Index, which is hovering at 89.50. Also of note, the CBOE Volatility Index is down 1.59 points, or 7.8%, at 18.66.

Reviewing Thursday's economic data, which was limited to Export/Import Prices for March and the weekly Initial Claims report:

Import prices excluding oil rose 0.2% in March after increasing an unrevised 0.5% in February, while export prices excluding agriculture decreased 0.1% after rising an unrevised 0.2% in February.
The overall month-over-month changes are on the softer side, yet the key takeaway is that the year-over-year changes in core prices reveal a firming inflation trend.
The latest weekly initial jobless claims count totaled 233,000, while the Briefing.com consensus expected a reading of 230,000. Today's tally was below the unrevised prior week count of 242,000. As for continuing claims, they rose to 1.871 million from a revised count of 1.818 million (from 1.808 million).
Initial claims have held below 300,000 for 162 straight weeks.

Dow: +350.67… | Nasdaq: +84.08… | S&P: +28.04…
NASDAQ Adv/Dec 1643/967. …NYSE Adv/Dec 1692/1155.

12:25PM ET

[BRIEFING.COM] Equity indices continue to drift near the top of their daily ranges, sporting gains between 0.9% and 1.2%.

Crude oil is back to its flat line, hovering at $66.79 per barrel, after losing as much as 1.2% earlier. A tweet from President Trump has helped ease fears regarding the situation in Syria -- or, more likely, put it out of investors' minds for the time being -- as the president revealed that a U.S.-led strike on the Syrian government may or may not be imminent. Crude futures have rallied this week on the bet that escalated tensions in the oil-rich Middle East will lead to a slowdown in production.

In Europe, the major stock indices finished Thursday on a higher note, although the UK's FTSE finished just a tick above its flat line. Germany's DAX showed particular strength, rallying 1.0%, while France's CAC advanced 0.6%. The euro is down 0.4% against the U.S. dollar at 1.2317.
Dow: +317.01… | Nasdaq: +75.67… | S&P: +25.06…
NASDAQ Adv/Dec 1688/930. …NYSE Adv/Dec 1661/1175.

11:55AM ET

[BRIEFING.COM] The major averages have slipped from their session highs in recent trading, with the S&P 500 trimming its gain to 0.7%.

Stocks have been trading within a fairly tight range -- at least relative to the sharp swings seen earlier this year -- since the S&P 500 tested its 200-day moving average on March 23. Since then, the 200-day MA has acted as a lower bound of sorts, while the S&P 500 has faced some resistance around the 2670-2675 level.

That seems to be the case again today, as the benchmark index has stalled since coming into contact with that range. The S&P 500 is currently hovering at 2661, 10 points below its session high of 2671.
Dow: +265.25… | Nasdaq: +63.66… | S&P: +19.61…
NASDAQ Adv/Dec 1638/1013. …NYSE Adv/Dec 1625/1175.

11:25AM ET

[BRIEFING.COM] U.S. equities have been trending sideways for more than an hour now, keeping the major averages about 1.0% above their flat lines.

Transports are outperforming today, evidenced by a 1.8% increase in the Dow Jones Transportation Average. Delta Air Lines (DAL 52.97, +1.50) is leading the transport rally, up 3.0%, after beating earnings estimates for the first quarter and reaffirming its profit guidance for Q2.

The Dow Jones Transportation Average is seen as a leading indicator, meaning it tends to do well when the outlook for the U.S. economy is favorable. This is due to the cyclical nature of transportation -- the better businesses do, the more goods they'll have to transport.

However, for the week, the DJTA is a step behind the S&P 500 (+2.2% vs +2.5%).
Dow: +325.51… | Nasdaq: +85.72… | S&P: +27.16…
NASDAQ Adv/Dec 1832/866. …NYSE Adv/Dec 1731/1057.

11:00AM ET

[BRIEFING.COM] The major U.S. indices are still solidly higher this morning, sporting gains between 0.9% and 1.2%.

Seven S&P sectors are higher, including financials (+1.4%), consumer discretionary (+0.7%), industrials (+1.1%), materials (+0.8%), technology (+1.2%), health care (+0.8%), and consumer staples (+0.5%), while four are trading in the red -- energy (-0.2%), utilities (-0.5%), telecom services (unch), and real estate (-0.9%).

In politics, Bloomberg is reporting that President Trump told GOP congressional leaders at dinner last night that a NAFTA deal is near. Mr. Trump has long been an opponent of NAFTA and has sought to restructure the agreement since taking the Oval Office.
Dow: +263.08… | Nasdaq: +70.40… | S&P: +21.49…
NASDAQ Adv/Dec 1821/903. …NYSE Adv/Dec 1669/1089.

10:35AM ET
[BRIEFING.COM]

Commodities are beginning the day lower
Overall, commodities, as measured by the Bloomberg Commodity Index, are currently -0.7% at 88.6665
Dollar index is currently +0.4% at 89.59
Looking at energy...
May WTI crude oil futures are now -$0.68 at $66.14/barrel
In other energy, May natural gas is +$0.01 at $2.69/MMBtu, after popped high back near the $2.70/MMBtu HoD following the weekly EIA nat gas storage data (EIA reported a weekly draw of 19 bcf vs. a draw of 29 bcf in the prior week)
Moving on to metals...
June gold is currently -$19.20 at $1340.80/oz, while May silver is -$0.30 at $16.47/oz
May copper is now -$0.05 at $3.06/lb

Dow: +302.00… | Nasdaq: +80.10… | S&P: +25.39…
NASDAQ Adv/Dec 1980/674. …NYSE Adv/Dec 1818/935.

10:00AM ET

[BRIEFING.COM] The S&P 500 has continued ticking higher, extending its opening gain to 1.0% from 0.6%.

BlackRock (BLK 538.20, +12.89) has helped push the heavily-weighted financial sector 1.6% higher this morning after reporting better-than-expected earnings and revenues for the first quarter. The company's shares have jumped 2.3% since the opening bell and are approaching their 50-day moving average (542.19).

An uptick in Treasury yields has also helped the financial sector. The yield on the benchmark 10-yr note is up three basis points at 2.82%.
Dow: +311.74… | Nasdaq: +73.05… | S&P: +26.83…
NASDAQ Adv/Dec 1916/841. …NYSE Adv/Dec 1821/840.

09:40AM ET

[BRIEFING.COM] Stocks are in positive territory this morning, with the S&P 500, the Nasdaq, and the Dow up between 0.6% and 0.9%.

Almost all 11 S&P sectors are higher. The two most influential groups -- financials (+1.0%) and technology (+0.9%) -- are also the two best performing groups, while the lightly-weighted utilities (-0.2%) and real estate (-0.3%) spaces are hovering at the opposite end of the sector standings.
Dow: +212.94… | Nasdaq: +41.63… | S&P: +14.97…
NASDAQ Adv/Dec 1718/995. …NYSE Adv/Dec 1584/1000.

09:10AM ET
[BRIEFING.COM] S&P futures vs fair value: +15.00. Nasdaq futures vs fair value: +42.50.

The stock market is positioned for a modestly higher open this morning, as the S&P 500 futures are trading 15 points, or 0.6%, above fair value.

Investors are still waiting for a U.S.-led strike on Syria, but, according to President Trump, they might be waiting for some time. The president tweeted early this morning that an attack "[c]ould be very soon or not so soon at all." Until now, it was widely believed that an attack was imminent.

Meanwhile, in earnings news, BlackRock (BLK 533.20, +7.89) and Delta Air Lines (DAL 52.68, +1.21) are up 1.5% and 2.4% in pre-market trading, respectively, after reporting better-than-expected profits for the first quarter; BlackRock also beat revenue estimates. Conversely, Bed Bath & Beyond (BBBY 17.80, -3.70) is solidly lower, dropping 17.2%, after lowering its earnings guidance for fiscal year 2019.

Investors received two economic reports this morning -- Export/Import Prices for March and weekly Initial Claims. Import prices, excluding oil, rose 0.2% last month, down from an unrevised increase of 0.5% in February, while export prices, excluding agriculture, slipped 0.1% after rising an unrevised 0.2% in February.

Separately, the latest weekly initial jobless claims count totaled 233,000, while the Briefing.com consensus expected a reading of 230,000. Today's tally was below the unrevised prior week count of 242,000. As for continuing claims, they rose to 1.871 million from a revised count of 1.818 million (from 1.808 million).

Treasuries were flat ahead of the econ data and are still mostly unchanged. The yield on the benchmark 10-yr note is up one basis point at 2.80%.

08:50AM ET
[BRIEFING.COM] S&P futures vs fair value: +13.80. Nasdaq futures vs fair value: +39.80.

The S&P 500 futures are trading 14 points, or 0.5%, above fair value.

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note, though losses were contained. China's Ministry of Commerce noted that the pledge to open the Chinese economy to foreign investment is unrelated to the trade issues with the United States. The Bank of Korea left its base rate at 1.50% and lowered its inflation forecast for 2018 to 1.6% from 1.7%.

In economic data:
China's March FDI +0.5% (last 0.5%)
Weekly Foreign Investment in Japanese Stocks JPY332.90 billion (last JPY228.80 billion)
Australia's February Home Loans -0.2% month-over-month (expected -0.3%; last -1.0%). February Invest Housing Finance +0.5% month-over-month (last 1.1%)
New Zealand's March Electronic Card Retail Sales +1.0% month-over-month (expected 0.5%; last -0.2%); +6.0% year-over-year (last 3.3%)
Singapore's February Retail Sales -1.7% month-over-month (last -4.9%); +8.6% year-over-year (last -7.8%)

---Equity Markets---

Japan's Nikkei shed 0.1%. Showa Denko, Okuma, Furukawa Electric, Komatsu, Nippon Electric Glass, Hitachi Construction, Bridgestone, Kubota, Fanuc, and TOTO lost between 2.0% and 4.4%. On the upside, Familymart spiked 3.0% while Fast Retailing jumped 2.1% ahead of the release of its quarterly report, which was better than expected.
Hong Kong's Hang Seng slipped 0.2%. Galaxy Entertainment and Tencent Holdings led the decline with respective losses of 2.7% and 1.7%. Property names like Wharf Real Estate, China Overseas, Sino Land, Swire Pacific, and China Construction Bank surrendered between 0.4% and 1.7%.
China's Shanghai Composite lost 0.9%. Everbright Jiabao, Gansu Dunhuang Seed, WanXiang Doneed, BGRIMM Technology, and Rightway Holdings lost between 4.0% and 5.0%.
India's Sensex gained 0.5%. Tech consultants like Wipro, Infosys, and Tata Consultancy gained between 0.3% and 4.0% while AXIS Bank, ICICI Bank, and HDFC Bank advanced between 0.5% and 1.6%.

Major European indices trade mostly higher while the UK's FTSE struggles to remain above its flat line. Germany is reportedly pressuring the European Central Bank to strengthen bad loan standards. Meanwhile, CDU member Ralph Brinkhaus said the EU Commission and Germany are far apart on reforms for the eurozone. Italy's President Sergio Mattarella is expected to ask Lega's Matteo Salvini to form a government, giving Mr. Salvini preference over Movimento Cinque Stelle's Luigi Di Maio.

In economic data:
Eurozone February Industrial Production -0.8% month-over-month (expected 0.1%; last -0.6%); +2.9% year-over-year (consensus 3.8%; last 3.7%)
France's March CPI +0.8% month-over-month (expected 1.0%; last 1.0%); +1.6% year-over-year (consensus 1.5%; last 1.2%)

---Equity Markets---

UK's FTSE sits on its unchanged level. Consumer names have shown relative strength with Tesco, Dixons Carphone, Next, and Marks & Spencer climbing between 1.1% and 4.4%. On the downside, miners like Anglo American, Fresnillo, Glencore, and Antofagasta hold losses between 0.9% and 1.5%.
France's CAC has climbed 0.2%. TechnipFMC has jumped 4.0% while financials like Credit Agricole, AXA, BNP Paribas, and Societe Generale hold gains between 0.5% and 1.1%. Carrefour has given up 3.9% in response to disappointing results.
Germany's DAX trades up 0.5%. Lufthansa, Volkswagen, Commerzbank, Deutsche Bank, Adidas, BASF, and Bayer sport gains between 0.6% and 2.5%.
Italy's MIB is higher by 0.8%. STMicroelectronics, UniCredit, Banco Bpm, Bper Banca, Banca Generali, UBI Banca, and ENI have gained between 0.8% and 3.1%.


08:35AM ET
[BRIEFING.COM] S&P futures vs fair value: +12.00. Nasdaq futures vs fair value: +34.80.

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

Just in, import prices excluding oil rose 0.2% in March after increasing an unrevised 0.5% in February, while export prices excluding agriculture decreased 0.1% after rising an unrevised 0.2% in February.

Separately, the latest weekly initial jobless claims count totaled 233,000, while the Briefing.com consensus expected a reading of 230,000. Today's tally was below the unrevised prior week count of 242,000. As for continuing claims, they rose to 1.871 million from a revised count of 1.818 million (from 1.808 million).

07:58AM ET
[BRIEFING.COM] S&P futures vs fair value: +13.30. Nasdaq futures vs fair value: +39.00.

Equities are looking to resume this week's rebound after declining on Wednesday; the S&P 500 futures are trading 13 points, or 0.5%, above fair value. Through the first three sessions of the week, the S&P 500 has advanced 1.5% to 2642, and now sits squarely in the middle of its 50-day and 200-day moving averages.

Investors are still waiting for a U.S.-led strike on Syria, but, according to President Trump, they might be waiting for some time. The president tweeted early this morning that an attack "[c]ould be very soon or not so soon at all." Until now, it was widely believed that an attack was imminent.

Oil prices have slipped from the three-year high they hit on Wednesday, but are still up big for the week amid escalating tensions in the Middle East -- which, in addition to the situation in Syria, have been stoked by a missile attack aimed at Saudi Arabia by pro-Iranian rebels in Yemen. Saudi air defense forces intercepted one missile over the capital Riyadh on Wednesday, while two others were intercepted over the southern areas of Jazan and Najran. WTI crude futures are down 0.2% at $66.70 per barrel this morning, but are up 7.5% for the week.

Today's batch of economic data is limited to just two reports -- Export/Import Prices for March and weekly Initial Claims (Briefing.com consensus 230K) -- both of which will be released at 8:30 AM ET. U.S. Treasuries are flat ahead of the econ releases, with the benchmark 10-yr yield unchanged at 2.79%.

In U.S. corporate news:

BlackRock (BLK 534.00, +8.69): +1.7% after reporting better-than-expected earnings and revenues for the first quarter.
Delta Air Lines (DAL 52.74, +1.26): +2.5% after beating Q1 profit estimates.
Bed Bath & Beyond (BBBY 17.73, -3.77): -17.5% after lowering its earnings guidance for fiscal year 2019.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note, though losses were contained. Japan's Nikkei -0.1%, Hong Kong's Hang Seng -0.2%, China's Shanghai Composite -0.9%, India's Sensex +0.5%.
In economic data:
China's March FDI +0.5% (last 0.5%) Weekly Foreign Investment in Japanese Stocks JPY332.90 billion (last JPY228.80 billion)
Australia's February Home Loans -0.2% month-over-month (expected -0.3%; last -1.0%). February Invest Housing Finance +0.5% month-over-month (last 1.1%)
New Zealand's March Electronic Card Retail Sales +1.0% month-over-month (expected 0.5%; last -0.2%); +6.0% year-over-year (last 3.3%)
Singapore's February Retail Sales -1.7% month-over-month (last -4.9%); +8.6% year-over-year (last -7.8%)
In news:
China's Ministry of Commerce noted that the pledge to open the Chinese economy to foreign investment is unrelated to the trade issues with the United States.
The Bank of Korea left its base rate at 1.50% and lowered its inflation forecast for 2018 to 1.6% from 1.7%.

Major European indices trade mostly higher while the UK's FTSE (unch) struggles to remain above its flat line. France's CAC +0.3%, Germany's DAX +0.5%, Italy's MIB +0.7%.
In economic data:
Eurozone February Industrial Production -0.8% month-over-month (expected 0.1%; last -0.6%); +2.9% year-over-year (consensus 3.8%; last 3.7%)
France's March CPI +0.8% month-over-month (expected 1.0%; last 1.0%); +1.6% year-over-year (consensus 1.5%; last 1.2%)
In news:
Germany is reportedly pressuring the European Central Bank to strengthen bad loan standards. Meanwhile, CDU member Ralph Brinkhaus said the EU Commission and Germany are far apart on reforms for the eurozone.
Italy's President Sergio Mattarella is expected to ask Lega's Matteo Salvini to form a government, giving Mr. Salvini preference over Movimento Cinque Stelle's Luigi Di Maio.

07:33AM ET
[BRIEFING.COM] S&P futures vs fair value: +13.30. Nasdaq futures vs fair value: +39.00.

06:55AM ET
[BRIEFING.COM] S&P futures vs fair value: +14.00. Nasdaq futures vs fair value: +38.80.

06:54AM ET
[BRIEFING.COM] Nikkei...21660...-26.80...-0.10%. Hang Seng...30831...-66.40...-0.20%.

06:54AM ET
[BRIEFING.COM] FTSE...7263.15...+6.10...+0.10%. DAX...12359.55...+65.60...+0.50%.

04:20PM ET

[BRIEFING.COM] A two-session rebound came to an end on Wednesday, as an imminent U.S. strike on Syria gave equity investors cause for pause.

The Dow Jones Industrial Average led the major averages lower, ending with a loss of 0.9%, while the S&P 500 and the Nasdaq Composite finished lower by 0.6% and 0.4%, respectively. The small-cap Russell 2000 outperformed, however, finishing with a gain of 0.2%.

Investors have been waiting for a response from the U.S. following a suspected chemical attack from the Syrian government on the rebel-held town of Douma that killed at least 40 people over the weekend. However, the situation escalated on Wednesday morning when Russia, which supports Syrian President Bashar al-Assad, warned that it would shoot down any missiles fired at Syria -- to which U.S. President Donald Trump replied "get ready Russia, because they will be coming."

Unconfirmed reports that Saudi Arabia intercepted a missile over its capital Riyadh -- presumably launched by Houthi rebels in Yemen who have targeted Saudi territory before -- added to the uncertainty within the region. Oil prices rose once again, hitting a three-year high, in anticipation that increased tensions in the oil-rich Middle East could lead to a slowdown in production; West Texas Intermediate crude futures finished higher by 2.0% at a price of $66.82 per barrel.

The S&P's energy sector rallied amid the increase in crude prices, adding 1.0%, but nearly all other sectors finished in the red. The heavily-weighted financial sector finished near the bottom of the sector standings, losing 1.3%, outdone only by the telecom services group, which lost 1.5%. A curve-flattening trade in the Treasury market weighed on lenders, which depend on the difference between the interest they make on loans and the rate they pay out on deposits; the benchmark 10-yr yield slipped one basis point to 2.79%, while the 2-yr yield ticked up one basis point to 2.32%.

Minutes from the March FOMC meeting were released on Wednesday afternoon, but contained few surprises. The minutes showed that a number of Fed officials anticipate the path of rate increases to be slightly steeper than they previously expected -- which is in line with the so-called "dot plot" released at the end of the March meeting -- and revealed that they had an in-depth discussion around trade tensions, which all members agree present "downside risks" to the economic outlook.

Investors also received some inflation data on Wednesday; namely, the March CPI readings. Total CPI decreased 0.1% (Briefing.com consensus +0.1%), while core CPI, which excludes the volatile categories of food and energy, increased 0.2% (Briefing.com consensus +0.2%). Year-over-year, total CPI was up 2.4% in March (vs +2.2% in February) and core CPI was up 2.1% (vs +1.8% in February). In short, the report showed a firming (though not scary) inflation trend that will keep the Federal Reserve wedded to its tightening bias and its belief that at least two more rate hikes are warranted this year.

Separately, the Treasury Budget for March showed a deficit of $208.7 billion versus a deficit of $176.2 billion for the same period a year ago.

News networks were focused on the second, and final, day of Mark Zuckerberg's testimony on Capitol Hill. Mr. Zuckerberg, who is the chief executive at Facebook (FB 166.32, +1.28), appeared before a joint hearing of the House Energy and Commerce Committees, answering questions regarding the Cambridge Analytica data scandal and Russia's use of Facebook in attempting to influence the 2016 U.S. presidential election. Facebook shares finished higher by 0.8%, adding to Tuesday's 4.5% rally.

Nasdaq Composite: +2.4% YTD
Russell 2000: +0.7% YTD
S&P 500: -1.2% YTD
Dow Jones Industrial Average: -2.1% YTD

Dow: -218.55… | Nasdaq: -25.27… | S&P: -14.68…
NASDAQ Adv/Dec 1390/1482. …NYSE Adv/Dec 1468/1416.

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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