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 Post subject: July 24th Friday 2009
PostPosted: Fri Jul 24, 2009 5:26 pm 
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Key WRB Price Action

3min All Session Chart - Usually there are several WRBs that caused key changes in supply/demand and I only mention just one to keep my public journal brief.

Yet, today I'm going to mention several...1115am, 12noon and 1333pm est...all providing support for the price rise after 1115am est.

As for my trading today, missed all the fun in the morning session due to personal errands getting ready to go on vacation for 4 days. Instead, traded the later afternoon price action that I now call a killer 3 point range that kepted spooking me out of long positions for small losses instead of small profits.

However, finally held my ground and stuck with the Longs with some size to catch two good trades towards the end of the trading session. Unfortunately, with commissions included, I finish the trading day at a loss eventhough my profit/loss statement shows green because my commissions are calculated in a different window on the other monitor.

Summary, first losing trading day in a very long time all the way back on April 13th Friday 2007.

Time to start a new win streak and this one will be more difficult to maintain in comparison to the prior win stread that begun with excellent volatility. [ec18]

FYI - The above discussion is about one key WRB price action even though there were other key WRB price actions that occurred during the trading day that could be used to confirm entry signals, exit signals, profit targets et cetera.

Simply, knowledge of different types of key WRB's is what results in a complete understanding of the price action being traded as it is occurring in real-time.


http://www.thestrategylab.com/WRBAnalysisTutorials.htm

http://www.thestrategylab.com/TradeStrategies.htm

Today's trades that were posted in real-time in #FuturesTrades chat room via my IRC user name NihabaAshi. You can review each trade from entry to exit along with commentary and an occasional trading tip because its all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=61&t=254

My Trading Performance: +0.75 Emini ES points

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



Mixed Day, Strong Week On Wall Street
Nasdaq breaks 13-session winning streak after Microsoft and Amazon.com results disappoint. The Dow and S&P 500 muster gains.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: July 24, 2009: 4:13 PM ET

NEW YORK�(CNNMoney.com) -- The Nasdaq fell Friday, ending a 13-session winning streak after Microsoft reported a weaker quarterly profit, but the broader market mustered gains at the end of an up week on Wall Street.

The Dow Jones industrial average (INDU) gained 24 points or 0.3% according to early tallies. The S&P 500 (SPX) index gained 3 points or 0.3%. The Nasdaq composite (COMP) fell 7 points, or 0.4%, ending a 13-session winning streak that was its best since 1992.

Better-than-expected corporate results and housing sales have propelled stocks this week, leaving the Dow and S&P 500 at more than eight-month highs and the Nasdaq at a more than nine-month high.

But after such a run, investors were a bit wary Friday, particularly after the profit reports failed to impress.

"Microsoft's revenues were light and the quality of the earnings wasn't so great," said Timothy Ghriskey, chief investment officer at Solaris Asset Management.

He said that Microsoft raises worries about the ability of technology to continue leading the market. "Technology has been one of the strongest sections of the market year to date and in the recent run," he said.

Broadcom and Amazon.com's results also go the thumbs down from Wall Street Friday. But other techs, such as Intel and Apple, have impressed investors lately -- and that limited the span of any selloff Thursday.

So far, overall S&P 500 profit reports have been better than expected, said David Chalupnik, head of equities at First American Funds.

"Earnings have mostly been driven by cost cutting, but that was largely expected," Chalupnik said. "Revenues have been light, but there have still been enough."

The perception that corporate profits are stabilizing has helped Wall Street resume the spring advance after a mostly flat May and weaker June. However, "less bad" economic news and profit reports driven by cost cutting won't help stocks in the longer run, Chalupnik said.

"The pace of the market rally can't continue in a slow growth economic environment," he said. "And while companies are good at cutting costs, they aren't going to be able to build things back up soon."

Results: Shares of Microsoft (MSFT, Fortune 500) fell 8.8% Friday on disappointment about the company's quarterly results released late Thursday. The tech leader reported weaker earnings that topped estimates and weaker revenue that missed estimates, blaming a slowdown in the global PC and server markets.

Online retailer Amazon.com (AMZN, Fortune 500) reported weaker earnings that beat estimates on higher revenue that missed forecasts in a late Thursday report. Amazon also forecast third-quarter revenue in a range that met analysts' predictions. The company recently announced it was buying online shoe retailer Zappos.com for $928 million.

Amazon.com fell 8% Friday.

Also late Thursday, Broadcom (BRCM, Fortune 500) reported weaker quarterly sales and earnings that nonetheless topped estimates. The chipmaker also issued a current-quarter revenue forecast that is above analysts' forecasts. However, investors knocked down its shares in the broader tech selloff.

Dow component American Express (AXP, Fortune 500) reported weaker quarterly earnings as a result of the cost of paying back the loan it received from the government last year. However, the earnings still managed to top analysts' forecasts. Shares were modestly higher in the afternoon after falling in the morning.

Sentiment: Consumer sentiment remains weak, according to the latest University of Michigan survey released Friday. Sentiment inched up to 66 from 64.6, versus forecasts for a rise to 65.

Bonds: Treasury prices slipped, raising the yield on the benchmark 10-year note to 3.66% from 3.67% Thursday. Treasury prices and yields move in opposite directions.

Other markets: In global trade, European markets mostly ended lower, while Asian markets ended higher.

In currency trading, the dollar fell against the euro and the Japanese yen.

U.S. light crude oil for September delivery rose 89 cents to settle at $68.05 a barrel on the New York Mercantile Exchange.

COMEX gold for August delivery fell $1.70 to settle at $953.80 an ounce.

Market breadth turned mixed after having been negative through most of the session. On the New York Stock Exchange, winners beat losers by four to three on volume of 850 million shares. On the Nasdaq, decliners and advancers were narrowly mixed on volume of 2.01 billion shares.

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Yahoo! Finance

4:30 pm : Tech stocks were under pressure for the entire session and caused the Nasdaq to log its first loss in more than two weeks, but a supportive bid in the broader market emerged to help the Dow and S&P 500 reverse early losses and finish with a modest gain.

Microsoft (MSFT 23.45, -2.11) weighed on the Nasdaq for the entire session. Though the company generated in-line earnings, a double-digit percentage decline in revenue caused its top line to come short of expectations. Microsoft's report showcased just how weak demand remains.

Semiconductor stocks (-1.3%) were pressured even though Broadcom (BRCM 27.20, -1.98) topped earnings expectations, saw revenue rise at a double-digit annual clip, and provided upside revenue guidance for the third quarter. Some believe the results from semiconductor companies are an inaccurate barometer for the tech sector's health since they feed the tech supply chain rather than consumers directly.

In-line earnings and an in-line outlook from online retailer Amazon.com (AMZN 86.49, -7.38) failed to rebuff profit takers from locking in gains from the stock's 24% surge between July 7 and July 23. That also weighed on the Nasdaq.

Weakness in the Nasdaq caused it to lag the other headline indices for the entire session. It was down nearly 2% at its session low, but was able to reclaim most of its losses as the session progressed. Still, its decline put an end to its 12-session streak of gains.

The S&P 500, a broader market benchmark, was able to close with a modest gain at session highs. Health care provided leadership with a 1.6% advance amid news from Reuters that a leader of House fiscal conservatives said health care reform talks fell apart and that he sees no possibility of a deal.

Financial stocks tried to provide support to the broader market, but they never made their way into positive territory. Instead, they finished with a 0.3% loss. Capital One (COF 30.07, +2.24) saw strong gains, though. The consumer finance outfit reported a second quarter loss that wasn't as deep as what had been expected. Participants also reacted positively to the company's quarterly metrics.

Dow component American Express (AXP 29.51, +0.06) was able to eke out a gain after narrowly topping the consensus earnings estimate. Its loss provisions were down from the year-ago period, but they were offset by higher write-offs and past due loans.

Market participants return Monday to another batch of quarterly announcements. New home sales data for June are also due.DJ30 +23.95 NASDAQ -7.64 NQ100 -0.2% R2K +0.5% SP400 +0.6% SP500 +2.97 NASDAQ Adv/Vol/Dec 1446/2.25 bln/1160 NYSE Adv/Vol/Dec 1909/1.02 bln/1089

3:30 pm : An advance by energy-related commodities has helped garner support for energy stocks, which are currently up 0.8% to a fresh session high. Crude oil prices finished with a 1.0% gain at $67.86 per barrel after showing relative weakness in the early going. Natural gas prices spiked an enviable 3.6% to settle at $3.84 each.

Precious metals prices were mixed amid weakness in the U.S. dollar. Gold prices fell 0.4% to finish at $951.30 per ounce, but silver settled 0.6% higher at $13.86 per ounce. The Dollar Index is currently down 0.3%.DJ30 +10.65 NASDAQ -12.19 SP500 +1.45 NASDAQ Adv/Vol/Dec 1322/1.90 bln/1279 NYSE Adv/Vol/Dec 1739/736 mln/1229

3:00 pm : The major indices are stuck in a narrow trading range. The sideways drift, though rather choppy, has made for some rather unexciting action.

Reflecting this afternoon's quiet trading, share volume is considerably low. With only one hour left in the session, fewer than 700 million shares have traded hands on the NYSE thus far. In recent weeks, daily trading volume has averaged 1.3 billion shares on the NYSE.

Treasuries have had a quiet session. The benchmark 10-year Note has spent the entire day trading modestly lower; it is currently down 2 ticks, which has resulted in a 3.67% yield. At the shorter end of the yield curve, the 2-year Bill is unchanged, which has its yield at 1.01%.DJ30 -1.97 NASDAQ -14.98 SP500 -0.57 NASDAQ Adv/Vol/Dec 1295/1.77 bln/1293 NYSE Adv/Vol/Dec 1660/678 mln/1310

2:30 pm : The broad-based S&P 500 and the blue-chip Dow Jones Industrial Average continue to move along the neutral line. The Nasdaq remains in negative territory, but it is well off of its session lows.

Health care stocks are holding on to their solid gains. The sector is up 1.2%, more than any other major sector. The gains come amid news from Reuters that a leader of House fiscal conservatives said that health care reform talks fell apart and he sees no possibility of a deal now. DJ30 +1.21 NASDAQ -13.80 SP500 -0.17 NASDAQ Adv/Vol/Dec 1290/1.65 bln/1297 NYSE Adv/Vol/Dec 1609/627 mln/1344

2:00 pm : The Dow and the S&P 500 have made their way to the unchanged mark and the Nasdaq, though still in the red, is trading at its best level of the session.

The upward move has been broad-based as financials (-0.2%), energy (+0.4%), health care (+1.1%), utilities (+1.3%), and tech (-0.9%) are all at session highs.DJ30 +6.87 NASDAQ -13.26 SP500 +0.01 NASDAQ Adv/Vol/Dec 1284/1.51 bln/1268 NYSE Adv/Vol/Dec 1607/576 mln/1326

1:30 pm : Stocks in the Dow and S&P 500 are making a run toward positive territory. Still, losses remain rather broad-based. There hasn't been any specific catalyst to account for the move. In fact, overall news flow has slowed dramatically since this morning.

Several companies will return after the weekend to report their latest quarterly results, but Enbridge Energy (EEP 44.10, +0.31) is slated to announce its latest results after the closing bell. The consensus earnings estimate for Enbridge is pegged at $0.51 per share.

Alberto-Culver (ACV 25.58, -0.18), Honeywell (HON 33.52, -0.70), and Dow component Verizon (VZ 31.33, +0.06) are all scheduled to report Monday morning.DJ30 -15.04 NASDAQ -17.19 SP500 -2.30 NASDAQ Adv/Vol/Dec 1238/1.39 bln/1280 NYSE Adv/Vol/Dec 1459/524 mln/1470

1:00 pm : The Dow and S&P 500 have managed to pare their losses, which reached a respective 1% and 0.7% at session lows, but the Nasdaq continues to lag amid weakness in large-cap tech issues. That has threatened to bring an end to the Nasdaq's 12-session streak of gains.

Microsoft (MSFT 23.27, -2.29) spurred the selling effort among tech stocks by disappointing investors with its second quarter report. The company generated in-line earnings, but the double-digit drop in revenue led many to question the quality of the earnings and struggle to justify the stock's 14% rise over the past nine sessions.

Characterizing investor distaste for tech stocks this session, participants are pushing against Broadcom (BRCM 26.52, -2.66) even though the firm topped earnings expectations, saw revenue rise year-over-year, and provided upside revenue guidance for the third quarter. Broadcom's weakness has spread to other semiconductor stocks (-2.7%), which are also weighing on the tech-rich Nasdaq.

Online retailer Amazon.com (AMZN 85.79, -8.08) is also dragging down the Nasdaq. The company offered in-line earnings and an in-line outlook for the third quarter, but the generally lackluster results have led to profit taking after the stock surged 24% from July 7 to July 23.

Strength among consumer finance stocks (+2.2%) has helped the financial sector pare its losses to trade just 0.6% in the red. The financial sector was down more than 1.5% at its session low.

Capital One (COF 29.86, +2.03) is among the primary leaders in the financial sector. The company won favor after unveiling a shallower second quarter loss than what had been expected. Capital One also recorded an increase in revenue and reported that its provision expense was down from the previous quarter. The company's total delinquency rate was up modestly, though.

Peer American Express (AXP 29.48, +0.03) has recovered from morning losses to trade with a gain. The company narrowly topped the consensus quarterly earnings estimate this morning, despite a double-digit drop in revenue. Loss provisions were down from the year-ago period, but they were offset by higher write-offs and past due loans.

Health care stocks (+0.9%) and utilities stocks (+0.7%) are making the best showing this session. Pharmaceuticals stocks (+1.1%) and independent power producers (+2.5%) are providing leadership to the sectors, respectively.DJ30 -27.36 NASDAQ -21.06 SP500 -3.98 NASDAQ Adv/Vol/Dec 1149/1.29 bln/1370 NYSE Adv/Vol/Dec 1375/487 mln/1545

12:30 pm : Energy stocks have made their way into the green, though their gain is modest. The sector is up 0.1%.

Halliburton (HAL 23.26, +0.25) is a primary leader in the energy sector. The oil well services stock is gaining as oil prices rise 0.3% to $67.35 per barrel and news surfaces that one of the company's directors purchased 5,000 shares at $22.98 per share yesterday.

Peer Schlumberger (SLB 55.66, -2.11) is lagging, though. The company reported this morning better-than-expected quarterly earnings, but it expressed that it doesn't expect an increase in demand sufficient to stimulate and sustain drilling before 2010.DJ30 -20.79 NASDAQ -20.27 SP500 -3.61 NASDAQ Adv/Vol/Dec 1115/1.21 bln/1380 NYSE Adv/Vol/Dec 1363/453 mln/1552

12:00 pm : Amid this session's broad-based selling effort, defensive-oriented health care stocks and utilities stocks are holding up rather well. They are up 0.7% and 0.4%, respectively.

Health care facilities (+1.8%) are seeing the most handsome gains in the health care sector, but the market weight of managed care providers (+0.4%) is providing the most support. In turn, Aetna (AET 26.11, +0.63) and Cigna (CI 25.96, +0.64) are primary leaders among health care stocks this session.

As for utilities, independent power producers and traders (+2.3%) are providing leadership to the sector. Power generation giant Exelon (EXC 53.45, -0.58) is a laggard, though. The company posted better-than-expected earnings for its latest quarter, but issued downside guidance for the third quarter. Still, it reaffirmed an in-line outlook for fiscal 2009.DJ30 -14.82 NASDAQ -19.11 SP500 -3.23 NASDAQ Adv/Vol/Dec 1094/1.08 bln/1375 NYSE Adv/Vol/Dec 1325/412 mln/1563

11:30 am : Financial stocks are feeling the effects of this session's fit of selling. The sector is down 1.4%; only the tech sector's 1.5% decline is worse.

Diversified banks are underperforming for the second straight session. They are down 2.9%, as a group.

Consumer finance stocks are providing some support, though. They are up 1.6% as Capital One (COF 29.75, +1.92) spikes after unveiling a second quarter loss that was more shallow than what had been expected. Capital One also recorded an increase in revenue and reported that its provision expense was down from the previous quarter, but the company's total delinquency rate was up modestly.

American Express (AXP 29.45, +0.01) has been able to recover from early selling pressure. The company narrowly topped the consensus second quarter earnings estimate amid a double-digit decline in revenue year-over-year. Consolidated provisions for losses were down from the prior year. DJ30 -24.04 NASDAQ -24.04 SP500 -5.43 NASDAQ Adv/Vol/Dec 995/957 mln/1454 NYSE Adv/Vol/Dec 1136/355 mln/1709

11:00 am : Stocks continue to trade with significant losses. Their weakness is widespread.

Semiconductors are among the worst performers this session. That has the Philadelphia Semiconductor Index down 3.6%. The downturn among semiconductor stocks and semiconductor equipment stocks follows the second quarter report from Broadcom (BRCM 26.25, -2.93), which featured earnings of $0.03 per share on $1.04 billion in revenue. Unlike many companies, Broadcom actually saw revenue rise year-over-year at a double-digit clip. Broadcom went on to provide upside revenue guidance for the third quarter.

The stock has been the subject of several analyst actions in the wake of its report. Shares of BRCM were reinstated at Neutral by analysts at Goldman Sachs, according to Reuters. Meanwhile, some analysts hit the stock with a downgrade, but others raised their target on the stock.

Shares of BRCM are facing a decline for their first time since July 10.

Semiconductor giant Intel (INTC 19.06, -0.42) is trading lower in sympathy. This is the first session since July 8 that shares of INTC have been facing a possible decline. Intel actually gets credit for starting the stock market's recent rally and putting the Nasdaq on track to record 12 straight advances.DJ30 -56.00 NASDAQ -32.87 SP500 -9.90 NASDAQ Adv/Vol/Dec 824/803 mln/1571 NYSE Adv/Vol/Dec 918/292 mln/1923

10:30 am : Equity markets opened modestly lower this morning and are currently pushing higher off session lows.

August crude oil has been chopping around in a tight range this morning near the unchanged line and is currently trading 0.2% lower at $67.01 per barrel, above recent lows of $66.46 per barrel.

Natural gas opened modestly higher and has extended gains to recent highs of $3.806. Currently, natural gas is trading 2.4% higher at $3.638.

The dollar has been trading lower all morning, but precious metals are not benefitting from this move. August gold has been trading in negative territory all morning, while Sept silver has been trading near the flat line. Currently, gold is trading 0.2% lower at $952.50 per ounce, while silver is 0.3% higher at $13.81 per ounce.DJ30 -38.92 NASDAQ -28.97 SP500 -5.59 NASDAQ Adv/Vol/Dec 871/623.4 mln/1452 NYSE Adv/Vol/Dec 1014/228.2 mln/1736

10:00 am : After attempting to pare their losses, stocks are on the backslide as sellers redouble their efforts. The turn has taken stocks to morning lows.

Weakness remains most considerable among large-cap tech stocks, which have the broader technology sector down 2.3%. In terms of losses, financials are next in line; the sector is trading with a 1.5% loss.

Materials stocks have surrendered their initial gains and no longer seem to be showing support for the broader market. The sector is now down 0.4%.

Early movers: Trading up -- SPWRB +22.8%, SPWRA +21.8%, SR +21.3%, CERS +19.4%, ALGN +16.3%, CNW +13.8%, HWAY +12.2%, IR +11.1%, SNWL +10.9%, BDK +9.3%, SIVB +9.1%, CSUN +8.7%, LDK +7%, SOLF +6.7%; Trading down -- RVBD -18.4%, PGI -17.2%, RIGL -15.7%, JRN -15%, DECK -12.8%, SOMX -12.7%, HITT -12.4%, SNV -12%, SIMG -11.6%, WFR -10.8%, BANR -10.1%, WAL -8.7%, INSU -8.6%, STAR -8.4%, NTCT -8.3%, MTD -7.9%, ASH -7.8%, FIT -7.7%, ERIC -7.2%, MSFT -6.9%, AMZN -6.3%, BRCM -6.3%DJ30 -53.44 NASDAQ -33.11 SP500 -7.92 NASDAQ Adv/Vol/Dec 739/415 mln/1523 NYSE Adv/Vol/Dec 822/152 mln/1810

09:45 am : All three major stock indices started the session in negative territory, but each has managed to pare losses in the first few minutes of trading. The upward move has taken the Dow and the S&P 500 near the unchanged mark, but the Nasdaq continues to trail as large-cap tech issues like Microsoft (MSFT 23.78, -1.78) show weakness.

Materials stocks are showing strength, though. As a group, they are up 0.5% with steel stocks (+1.1%) showing leadership.DJ30 -5.22 NASDAQ -16.72 SP500 -1.65 NASDAQ Adv/Vol/Dec 937/243 mln/1218 NYSE Adv/Vol/Dec 1274/95 mln/1264

09:15 am : S&P futures vs fair value: -5.10. Nasdaq futures vs fair value: -23.80. Market participants are pushing back against stocks after riding the S&P 500 for an 11% gain during the past nine sessions and driving the Nasdaq higher in each of the past 12 sessions, during which it gained 13%. Though many companies continue to report better-than-expected earnings headlines, many have been able to do so by cutting costs instead of building revenue. In turn, outlooks generally remain cautious. Certainly then, it is not too early to suggest investor tolerance for the latter trends may be dwindling since stocks have risen so much in such little time without all of the necessary substance to make a rally sustainable. Tech stocks, which have underpinned the market's latest rally, are contending with some of the stiffest selling pressure this morning. Specifically, Microsoft (MSFT) is down more than 7% to $23.70 per share ahead of the opening bell after reporting a sharp drop in revenue and in-line earnings.

09:00 am : S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -24.50. U.S. stock futures have weakened since making an early-morning rebound so that a lower start to the session looks more likely. The U.S. dollar is also showing weakness this morning. In turn, the greenback is down a considerable 0.3% against a basket of major foreign currencies. The dollar's drop hasn't done much to prop up precious metals prices, though. Instead, gold contracts are currently pricing the yellow metal 0.3% lower at $951.80 per ounce. Oil prices are also seeing some pressure after showing some relative strength in electronic trade. In turn, crude contracts are pricing the stuff 0.1% lower near $67.10 per barrel in the first few minutes of pit trade.

08:35 am : S&P futures vs fair value: -3.70. Nasdaq futures vs fair value: -18.80. U.S. stock futures continue to point to a relatively mixed start for the session, but stocks across the Atlantic are trading modestly higher. Germany's DAX is currently up fractionally amid news from The Wall Street Journal that German business confidence improved in July. Advancers currently hold a slight edge over declining issues as Daimler (DAI) provides the most leadership. In Britain, the FTSE is up 0.5%, despite news from The Wall Street Journal that second quarter output in the United Kingdom declined more than expected. In a preliminary estimate, sources said output contracted 0.8% quarter-over-quarter. The annual output contraction was 5.6%, the biggest decline since quarterly records began in 1955, according to reports. Currently, Vodafone is a primary leader among British equities. Meanwhile, France's CAC is up 0.2%. Financial outfits BNP Paribas and Societe Generale are among the primary leaders in the index. In a broader view of economic activity in the continent, the euro zone's services and manufacturing sectors contracted much less than expected in July, according to Reuters. In Asia, Japan's Nikkei jumped 1.6% due to broad-based buying. Canon (CAJ) and Kyocera (KYO) were among the primary leaders, but Panasonic surged after a broker raised its rating on the stock and Fujitsu jumped after it announced better-than-expected earnings goals that prompted analysts to lift their estimates. As for Hong Kong's Hang Seng, it advanced 0.8% as shares of HSBC (HBC) and shares of Industrial and Commercial Bank provided leadership.

08:05 am : S&P futures vs fair value: -2.10. Nasdaq futures vs fair value: -17.80. Stock futures have improved from overnight levels, but still point to a lower to flat start for the session. Stock futures were initially weighed down, in part, by a rather disappointing quarterly report from Microsoft (MSFT). The computer and software giant posted in-line adjusted earnings of $0.36 per share, but saw a double-digit decline in revenue, which resulted in a worse-than-expected top line. According to reports, the company also saw its first annual decline in sales of its Windows software. According to The Wall Street Journal, Microsoft is meeting with directors from Yahoo! (YHOO) for an update about a potential search partnership. Online retailer Amazon.com (AMZN) also posted in-line earnings results. It went on to offer in-line guidance for the third quarter. Consumer finance company American Express (AXP) narrowly topped the consensus earnings estimate for the second quarter by bringing in an adjusted $0.27 per share. The company saw a near 20% drop in its top line. Loss provisions were down from the year-ago period, but they were offset by higher write-offs and past due loans. There aren't any major economic releases scheduled for today, though the University of Michigan is expected to release its final consumer confidence reading for July at 10:00 AM ET.

06:24 am : S&P futures vs fair value: -1.20. Nasdaq futures vs fair value: -13.80.

06:24 am : Nikkei...9944.55...+151.60...+1.60%. Hang Seng...19982.79...+165.10...+0.80%.

06:24 am : FTSE...4594.36...+34.60...+0.80%. DAX...5283.87...+36.60...+0.70%.

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