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 Post subject: October 7th Wednesday 2009 Emini ES ($ES_F) points +43.25
PostPosted: Wed Oct 07, 2009 4:11 pm 
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Today's trades that were posted in real-time in #FuturesTrades chat room via my IRC user name wrbtrader. 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=66&t=330

Quote:
The WRB S/R Zones today was obvious in Emini ES ($ES_F) and within other key markets that have impact on the price action of Emini ES. However, I expected it to be a low volatility range day because it's a tough act to follow all the big global market news we had yesterday. Thus, I knew position size management would be key today and I concentrated more than usual on such today resulting in my first trade and last trade of the day being big winners on good position size (see #FuturesTrades trade log at above link).


FYI - You can ask me questions here at the forum or you can tweet me on twitter about anything related to today's trading or related to your own trading.

Image@ http://twitter.com/wrbtrader

In addition, posted below are direct links about my trade methodology or trading approach that enables me to identify key trading areas in the price action that represent changes in supply/demand along with being able to exploit the changes in supply/demand.


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

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

Also, I strongly believe that profitable trading involves more than just trade signals and that's why most traders fail because they put all their efforts in trade signals while ignoring the impact on their trading results via market psychology, trader psychology (trading habits/routine and personal lifestyle). If you don't understand this perspective...please ask questions here at the forum for more info or you can tweet me on twitter @wrbtrader.

My Trading Performance: +43.25 Emini ES ($ES_F) points

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Stocks Slip As Dollar Seesaws
Investors step back after a two-session advance as the greenback wavers and oil prices slump. Alcoa reports surprise profit.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: October 7, 2009: 6:36 PM ET

NEW YORK (CNNMoney.com) -- Stocks seesawed Wednesday, with blue chips weaker and techs a bit higher as a two-day advance petered out amid a mixed dollar, lower oil prices and some jitters at the start of the quarterly financial reporting period.

The Dow Jones industrial average (INDU) fell 6 points, or 0.1%. The S&P 500 (SPX) index rose 3 points, or 0.3%, and the Nasdaq composite (COMP) rose 7 points, or 0.7%.

Stocks rose Monday and Tuesday, with the broad S&P 500 gaining just short of 3%, recovering most of what it had lost in the previous two weeks. The sharp advance was typical of the seven-month-old rally, in which investors have used small selloffs as an opportunity to jump back into stocks.

But the rally ran into some resistance Wednesday as the dollar turned mixed and investors looked to the start of the third-quarter financial reporting period.

Many investors are waiting to see how the earnings turn out before they either pile back into stocks in a big way or back out more aggressively. Currently, analysts expect third-quarter profits to have fallen around 24% versus a year ago, with the heaviest percentage losses expected in the materials, energy and industrials' sectors.

Dow component Alcoa (AA, Fortune 500) got things started on the right foot after the close Wednesday, reporting quarterly earnings and revenue that fell from a year ago but surpassed analysts' estimates. Alcoa's report is typically seen as the symbolic start of the reporting period, as it is usually the first Dow component to report.

While it was a positive omen, investors are likely going to remain on edge until the end of the month, when a majority of the earnings have been released.

"In the vaccuum of earnings news, Alcoa's results are good, particularly because they beat on revenue," said Donald Selkin, chief market strategist at National Securities.

"But Alcoa will only have a nominal effect on the market Thursday," he said, noting that it is the least-influential component on the price-weighted Dow. "Next week brings the heavyweights."

Intel (INTC, Fortune 500), Google (GOOG, Fortune 500), Goldman Sachs (GS, Fortune 500) and a number of other financials are on the docket for next week.

Financials are expected to post the best results of any sector, due to easy comparisons against an abysmal third quarter of 2008. The sector is expected to see earnings growth of 59%.

The broad S&P 500 is expeced to see a drop in profits for the ninth quarter in a row, the worst since Thomson began tracking results a decade ago.

Wary after the run: Investors are cautious both about earnings and because of the fast pace of the run since the March lows, said Harry Clark, founder and CEO at Clark Capital Management Group.

"I think people are looking at the weakness in the jobs market and the run-up stocks have already seen, and they're a bit nervous," Clark said.

However, he said that the last few days have indicated that any small selloff will be greeted with renewed buying interest. Also, as the end of the year draws nearer, hedge funds and portfolio managers will have to turn more cash into investments. That could give the market a year-end boost.

Investors are aware that October has historically been a tough month, Clark said, citing the 1929 and 1997 crashes and major selloffs in the late '70s. But it can also be a positive month, particularly when it follows a strong September, like it did this year.

Besides, 2009 has been a year that has consistently defied historical trends.

Since bottoming at a 12-year low on March 9, the S&P 500 has gained 56%, and the Dow has gained 49% as of Tuesday's close. After hitting a six-year low, the Nasdaq has gained nearly 68%.

On the move: Boeing (BA, Fortune 500), United Technologies (UTX, Fortune 500), 3M (MMM, Fortune 500) and Travelers Companies (TRV, Fortune 500) were among the biggest decliners on the blue-chip average. They were also among the biggest gainers in the early-week rally.

But a late-session rally in a variety of financial stocks gave the market a boost.

World markets: Global markets were mixed after rallying in the previous two sessions. In Europe, London's FTSE 100 lost 0.6%, while France's CAC 40 and Germany's DAX both lost around 0.3%. Asian markets ended higher.

Currency and commodities: The dollar gained versus the euro and fell against the yen, reversing its recent slide against a basket of currencies.

U.S. light crude oil for November delivery fell $1.31 to settle at $69.57 a barrel on the New York Mercantile Exchange.

COMEX gold for December delivery rose $4.70 to settle at $1,044.40 an ounce after ending the previous session at a record $1,039.70. The previous record close of $1,020.20 was set two weeks ago.

Bonds: Treasury prices rallied, lowering the yield on the 10-year note to 3.19% from 3.25% late Tuesday. Treasury prices and yields move in opposite directions.

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Yahoo! Finance

4:25 pm : Leadership from the financial sector helped stocks log their third straight gain after they spent most of the session chopping along in negative territory amid a moderately stronger U.S. dollar. Though the greenback's gains weighed on the stock market and many commodities, it didn't deter gold from extending recent gains.

Stocks spent most of the session trading listlessly as the Dollar Index recovered from losses in the past three sessions to advance 0.2% Wednesday. However, bank stocks emerged with strength after struggling to find direction in the early going. With banks finishing strong, the KBW Bank Index netted a 1.2% gain and the broader financial sector settled at session highs with a 1.0% gain.

The energy sector was the next best performing sector. It finished 0.6% higher even though oil prices closed pit trade 1.7% lower at $69.66 per barrel. Oil prices were hampered by bearish gasoline inventory data, which overshadowed news of a 978,000 barrel draw in crude oil. The consensus had called for a build of 2 million barrels of crude.

Though a stronger dollar likely added to oil's woes this session, it didn't derail gold from continuing its ascent. Gold futures closed at $1044.70 per ounce, up 0.5%, but had been as high as $1049.70 per ounce in overnight trade. Small-cap gold stocks and precious metals stocks of a lower quality benefited most from gold's gains as momentum money trickled into the group. That helped the materials sector (+0.2%) offset general weakness among commodities-related stocks and basic materials stocks that stemmed from a 0.4% decline in the CRB Commodity Index.

Monsanto (MON 74.33, -1.04) was also a drag on the materials sector. The company posted better-than-expected adjusted earnings of $0.02 per share, but reaffirmed downside guidance for fiscal 2010.

Other earnings announcements were generally positive as Yum! Brands (YUM 34.37, -0.49), Costco (COST 59.00, +1.07), and Family Dollar (FDO 28.21, -0.27) each bested earnings expectations for the latest quarter.

Leadership from the financial sector may have led the S&P 500 to a strong finish, but it couldn't prevent the telecom sector from logging an outsized loss of 2.9%. Weakness among integrated telecom giants AT&T (T 26.18, -0.56) and Verizon (VZ 29.38, -0.31) kept the Dow from making a gain of its own.

Separately, Treasuries made solid gains. The benchmark 10-year Note settled some 22 ticks higher, which pushed its yield back below 3.2%, following strong results from a $20 billion auction of 10-year Notes.

Advancing Sectors: Financials (+1.0%), Energy (+0.6%), Tech (+0.5%), Consumer Staples (+0.3%), Materials (+0.2%), Health Care (+0.2%), Consumer Discretionary (+0.1%)
Declining Sectors: Telecom (-2.9%), Industrials (-0.3%), Utilities (-0.2%)DJ30 -5.67 NASDAQ +6.76 NQ100 +0.3% R2K unch% SP400 unch% SP500 +2.86 NASDAQ Adv/Vol/Dec 1300/2.23 bln/1319 NYSE Adv/Vol/Dec 1567/1.09 bln/1384

3:30 pm : The broader market is practically unchanged nearing the end of a choppy session.

Precious metals continued their momentum this session, despite strength in the dollar and a slightly negative bias in the materials sector. Precious metals finished 0.9% higher this session, comparatively, the materials sector is currently down 0.4%.

December gold futures hit a new all-time high on the overnight trade at $1049.70 per ounce. However, gains were pared as the dollar recovered prior to the open of the pit trade. They chopped above the $1040 per ounce level for the rest of the session and closed at $1044.70 per ounce, up 0.5%.

Silver outperformed gold this session. After hitting a session high at $17.60 per ounce late in the morning, they settled modestly below that level at $17.51 per ounce, up 1.2%.

Despite the bullish crude oil inventory report, bearish gasoline inventory data stole the headlines and took the price of crude oil futures down this session. After breaking back above the unchanged level not long after the report, the November futures traded lower for the remainder of the session. They closed at $69.66 per barrel, down 1.7%.

Natural gas inventory will be released tomorrow morning. The November futures hit a session high of $5.08 per contract soon after the open of the pit trade. Natural gas futures had not traded above the $5.00 level since January. They sold off for the rest of the session. After dipping below the break-even level in the afternoon, they managed to finish with a slight gain of 0.6% at $4.91 per contract.DJ30 -28.04 NASDAQ +1.58 SP500 +0.37 NASDAQ Adv/Vol/Dec 1160/1.81 bln/1467 NYSE Adv/Vol/Dec 1343/790 mln/1604

3:00 pm : The stock market continues to trade listlessly. That has made for a rather unimpressive session.

Trading volume has also failed to impress this session. With one hour remaining in Wednesday's trade, just over 700 million shares have exchanged hands on the NYSE.

Amid anemia in the broader equity market, Treasuries have managed to extend their gains. In turn, the benchmark 10-year Note is now up 23 ticks.DJ30 -32.35 NASDAQ +0.60 SP500 -0.26 NASDAQ Adv/Vol/Dec 1113/1.65 bln/1506 NYSE Adv/Vol/Dec 1299/713 mln/1652

2:30 pm : Stocks continue to chop along in negative territory. Eight of the 10 major sectors are trading with losses; only financials and consumer staples are sporting gains -- they are both up 0.2%.

With little more than one hour remaining in the session, participants are readying themselves for the start of earnings season, which unofficially kicks off with the latest quarterly filing from Dow component Alcoa (AA ). The consensus estimate calls for Alcoa to post a loss of $0.09 per share on revenue of roughly $4.55 billion. Should Alcoa post a loss, as expected, it will mark the company's fourth straight loss. However, the loss is likely to be the smallest this year. Also of note, the company doesn't typically provide guidance. DJ30 -44.74 NASDAQ -2.32 SP500 -1.99 NASDAQ Adv/Vol/Dec 1071/1.53 bln/1533 NYSE Adv/Vol/Dec 1204/662 mln/1755

2:00 pm : Despite upgrades on shares of Abercrombie & Fitch (ANF 32.40, +0.84) and Kohl's (KSS 58.00, +0.54) by analysts ate Morgan Stanley, shares of retailers are trading with a 0.3% loss. That has weighed on the consumer discretionary sector, which is down 0.2%.

A handful of media stocks were also upgraded recently. Analysts at Bank of America's Merrill Lynch improved their rating on shares of News Corp (NWSA 11.62, -0.01) and Disney (DIS 28.12, -0.06), while analysts at Wells Fargo raised their rating on shares of Time Warner Cable (TWC 42.16, +0.02).DJ30 -35.90 NASDAQ -0.40 SP500 -0.98 NASDAQ Adv/Vol/Dec 1134/1.40 bln/1453 NYSE Adv/Vol/Dec 1265/604 mln/1666

1:30 pm : Results from a $20 billion auction of 10-year Treasury Notes were released at 1:00 PM ET. The auction was met with strong demand as it produced a bid-to-cover ratio of 3.0, which is above the previous auction's bid-to-cover ratio of 2.8 and the nine-auction average of 2.6. The auction's high yield came in at 3.21%.

Treasuries have responded to the results by adding modestly to their gains. That has the 10-year Note up 18 ticks, which has sent its yield back below 3.2%. Meanwhile, the 30-year Bond is up more than one full point, putting its back at 4.0%.DJ30 -28.87 NASDAQ +1.41 SP500 -0.57 NASDAQ Adv/Vol/Dec 1128/1.29 bln/1433 NYSE Adv/Vol/Dec 1264/558 mln/1649

1:00 pm : A modest bounce by the U.S. dollar has left stocks to chop along for the entire session, unable to build on gains registered in the previous two sessions. However, gold continues to shine in the face of the greenback's gains.

Stocks spent the past two sessions rallying as the dollar found itself mired in weakness, but the greenback has since firmed up so that the Dollar Index trades with a 0.3% gain. That advance has undercut the stock market's recent momentum, though.

Financials have emerged to trade with relative strength. The sector is up 0.6%, better than any other major sector in the S&P 500. However, the broader market has been unwilling to follow financials, thus far this session.

Though the dollar's advance has weighed on the broader market, it hasn't stopped gold from gaining ground. The yellow metal was most recently quoted at $1040.80 per ounce, up 0.2%. Gold prices actually hit record highs of $1049.70 per ounce in overnight action.

Though gold bullion is performing in bullish fashion, it hasn't done much to support major precious metals plays like Barrick Gold (ABX 38.88, +0.04), Newmont Mining (NEM 46.01, -0.20), or Yamana Gold (AUY 11.31, -0.04). However, momentum money has trickled into to micro-cap gold stocks today. That has benefited Timberline Resources (TLR 1.04, +0.21), in particular, but if gold flattens out or pulls back from here, these stocks could see a swift correction.

Nonetheless, metals and mining stocks have made their way to a 2.1% gain. That has helped support the materials sector (-0.2%) as Monsanto (MON 74.16, -1.21) falters following its latest earnings release. The company posted better-than-expected adjusted earnings of $0.02 per share, but reaffirmed downside guidance for fiscal 2010.

In other earnings news, Yum! Brands (YUM 34.28, -0.59) posted better-than-expected earnings of its own, but raised its 2009 guidance. Costco (COST 59.20, +1.27) posted quarterly adjusted earnings that topped the consensus, as well.

Earnings season gets underway when Dow component Alcoa (AA 13.99, +0.10) reports its latest results this evening. However, reporting doesn't pick up in earnest for a couple of more weeks yet.DJ30 -23.43 NASDAQ +2.43 SP500 -0.07 NASDAQ Adv/Vol/Dec 1136/1.21 bln/1391 NYSE Adv/Vol/Dec 1271/521 mln/1607

12:30 pm : Gold remains one of the session's best performing assets. The yellow metal was last quoted at $1043.80 per ounce, up 0.8%. Gold prices are now up 18% year-to-date.

Meanwhile, the broader equity market continues to seek direction as it chops along near the neutral line.DJ30 -32.95 NASDAQ +0.78 SP500 -0.99 NASDAQ Adv/Vol/Dec 1105/1.09 bln/1423 NYSE Adv/Vol/Dec 1255/480 mln/1617

12:00 pm : Stocks continue to trade in choppy fashion. The erratic swings have left all three major indices in negative territory, with the Dow at fresh session lows.

The Dow's relative weakness comes as its decliners outnumber its advancing issues by 2-to-1. 3M (MMM 72.98, -0.95) is a primary laggard among blue chips, as are telecom giants AT&T (T 26.30, -0.44) and Verizon (VZ 29.49, -0.20). DJ30 -42.55 NASDAQ -1.68 SP500 -1.90 NASDAQ Adv/Vol/Dec 1030/1.01 bln/1450 NYSE Adv/Vol/Dec 1173/444 mln/1690

11:30 am : The stock market recently moved to its best level of the session, which translated to a gain of just 0.3%, but it has since returned to the unchanged mark. Financials continue to provide a boon to the broader market, but the sector hasn't been able to truly trade with leadership -- financials are currently up 0.6%, with the Financial Select SPDR (XLF 15.01, +0.08) trading in similar fashion.

Amid mixed action in the stock market, Treasuries are looking solid. As such, the benchmark 10-year Note is up 13 ticks, which has sent its yield back toward 3.2%.DJ30 -20.64 NASDAQ +1.19 SP500 +0.18 NASDAQ Adv/Vol/Dec 1075/866 mln/1346 NYSE Adv/Vol/Dec 1307/383 mln/1501

11:00 am : The stock market has spent the entire session trading in choppy fashion. The erratic movement comes a mid a lack of leadership.

However, financial stocks have managed to muster a 0.4% gain, which is better than any other major sector. The financial sector's strength comes amid a 1.1% advance by diversified financial services stocks like those of Bank of America (BAC 17.25, +0.25) and JPMorgan Chase (JPM 45.43, +0.52).

Meanwhile, airline stocks and semiconductor stocks are trading with considerable weakness. That has the AMEX Airline Index down 0.8% and the Philadelphia Semiconductor Index down 0.7%.DJ30 -10.51 NASDAQ +2.00 SP500 +0.64 NASDAQ Adv/Vol/Dec 1038/705 mln/1347 NYSE Adv/Vol/Dec 1263/323 mln/1496

10:30 am : Even though the U.S. dollar has firmed up a bit, commodity prices continue to sport gains. That has the CRB Commodity Index up nearly 0.2%.

Oil prices have pulled back a bit, but are still up 0.4% to $71.15 per barrel immediately following crude oil inventory data for the week ending October 2. The data showed a draw of 978,000 barrels of crude, while the consensus had called for a build of 2 million barrels. Gasoline inventories had a build of 2.94 million barrels. A build of 1 million barrels had been expected.

Meanwhile, natural gas prices are up 3.0% to $5.03 per contract.

Gold prices continue to sport impressive gains. Prices for the yellow metal are up 0.4% to $1042.80 per ounce. Gold prices actually registered new record highs of $1049.70 per ounce in overnight trade.

As for silver, it is up 0.7% to $17.42 per ounce.

Separately, the Baltic Dry Index extended its recent rally by tacking on 4.3%. The Capesize Index saw the best gains by spiking 6.9%.DJ30 -15.04 NASDAQ +2.48 SP500 +0.60 NASDAQ Adv/Vol/Dec 1041/514 mln/1285 NYSE Adv/Vol/Dec 1317/524 mln/1400

10:00 am : Stocks have pared some of their losses, but the major indices remain in the red.

Financials have joined consumer staples stocks so that they both trade with a modest 0.2% gain. Energy and materials make up the only other sectors to trade in the green; the two are each up just fractionally, though.

Advancing Sectors: Consumer Staples (+0.2%), Financials (+0.2%), Energy (up fractionally), Materials (up fractionally)
Declining Sectors: Telecom (-2.5%), Industrials (-0.5%), Utilities (-0.3%), Consumer Discretionary (-0.3%), Health Care (-0.2%), Tech (down fractionally)

Early Movers: Trading Up -- RPRX +156.2%, CHIP +35.4%, AYI +10.6%, HELE +10.4%, WYN +7.6%, AVNR +6.1%; Trading Down -- MERX -20.3%, AAI -16.3%, SGMO -8.3%, KCAP -8.2%, FONR -7.2%, CAR -7.2%, O -6%, WTSLA -5.8%, GRS -4.8%, LINE -4.2%DJ30 -25.52 NASDAQ -2.67 SP500 -1.00 NASDAQ Adv/Vol/Dec 911/296 mln/1287 NYSE Adv/Vol/Dec 1051/177 mln/1602

09:45 am : The major indices have slipped to a modest loss after chopping along the neutral line in the first few minutes of the session. Losses are steepest among telecom stocks, which are down 2.4% as integrated telcos sink 2.7%.

Consumer staples stocks are holding up rather well against this morning's slide. The sector is up 0.2% amid strength in personal products (+1.2%) and hypercenters and supercenters (+0.8%). Wholesaler Costco (COST 59.91, +1.98) is up sharply following its better-than-expected quarterly earnings release.DJ30 -25.93 NASDAQ -1.68 SP500 -1.80 NASDAQ Adv/Vol/Dec 892/178 mln/1212 NYSE Adv/Vol/Dec 1048/119 mln/1535

09:15 am : S&P futures vs fair value: -4.00. Nasdaq futures vs fair value: -4.80. A strengthening U.S. dollar has caused both stock futures and commodities futures to drift lower in premarket trade. Weakness in the greenback had helped enable stocks to log strong gains in the first two sessions of this week, during which time the S&P 500 has climbed nearly 3%. However, with the greenback gaining ground against a basket of major foreign currencies this morning, stocks look as if they are going to have trouble building on recent gains this morning. The dollar will remain a primary driver behind the stock market's moves until participants get their hands on a new set of catalysts, which are expected to come in the form of third quarter earnings results. Earnings season begins this evening with the latest report from Alcoa (AA), but reporting doesn't really pick up for another couple of weeks. Gold has managed to continue building on its price gains in the face of a stronger dollar, though. Coming off of a record closing high of $1039.70 per ounce, gold futures prices hit in overnight trading a new record high of $1049.70 per ounce. It is currently up 0.4% to $1042.50 per ounce.

09:00 am : S&P futures vs fair value: -4.50. Nasdaq futures vs fair value: -6.00. Stock futures have dipped into negative territory so that they now point to a modestly lower start to the session. The downturn comes as the U.S. dollar gains upward momentum, giving the Dollar Index a 0.3% gain. The greenback's gain has pulled oil prices back so that they trade flat at $70.85 per barrel in the first few minutes of pit action.

08:30 am : S&P futures vs fair value: -1.90. Nasdaq futures vs fair value: -2.30. Europe's major averages are showing moderate weakness amid an AFP report that said revised data showed the Eurozone economy shrinking 0.2% compared with the first quarter. The decline is sharper than expected and twice the initial estimate. Meanwhile, the 27-nation Eurozone saw output fall 0.3%. Britain's FTSE is currently off by 0.4%, despite news from UK Telegraph that consumer confidence hit its highest level since April 2008. BP PLC (BP) is a primary laggard, but HSBC (HBC) is providing support to the British index. UK Times Online reported that HSBC will be forced to delay raising its dividend if new capital rules are applied too heavily or too quickly, according to the bank's head of investment banking. In France, the CAC is off by 0.2%. BNP Paribas, Societe Generale, and Total (TOT) are primary laggards. As for Germany, its DAX is down 0.3% amid weakness in Deutsche Bank (DB). Commerzbank is providing support to the German bourse, though. Major Asian markets put together another advance Wednesday, though mainland China remained closed for holiday. In Japan, the Nikkei advanced 1.1%. Steel and metals stocks made a strong jump amid higher commodity prices. Financial stocks also climbed. That helped trading company Mitsubishi and banking outfit Sumitomo Mitsui Financial. In Hong Kong, the Hang Seng netted a 2.1% gain. PetroChina (PTR) and Sinopec (SNP) both gained, while commodity goods exporter Li & Fung spiked. China Construction Bank and Bank of China also fared well. The MSCI Asia Pacific Index finished 1.9% higher.

08:05 am : S&P futures vs fair value: -1.10. Nasdaq futures vs fair value: -1.30. The stock market is coming off of its best back-to-back performance in more than one month, but the tone this morning has become rather tepid as stock futures trade flat. Stock futures had been showing a bit more strength earlier this morning, but a modest rebound by the U.S. dollar has undercut premarket bidding. The Dollar Index is currently up 0.1%. The greenback's gain has also undercut commodities futures prices. In turn, oil futures prices are up a modest 0.3% to $71.10 per barrel. Oil prices could see some additional volatility with the release of the weekly oil inventory data, which are due at 10:30 AM ET. Gold prices have also pulled back, though futures prices are currently up 0.3% to $1042.10 per ounce. Gold set an overnight high of $1049.70 per ounce. Overall news flow is a bit slow at the moment, though Yum! Brands (YUM) posted better-than-expected earnings of $0.70 per share. The company also raised its 2009 guidance, which now calls for adjusted earnings of $2.14 per share, up from $2.10 per share. The consensus estimate for 2009 stands at $2.13 per share. Meanwhile, Costco (COST) posted quarterly adjusted earnings of $0.83 per share, which topped the consensus of $0.77 per share. Monsanto (MON) brought in an adjusted $0.02 per share to top Wall Street's consensus estimate of just a penny per share.

06:18 am : S&P futures vs fair value: +2.00. Nasdaq futures vs fair value: +3.80.

06:18 am : Nikkei...9799.60...+107.80...+1.10%. Hang Seng...21241.59...+430.10...+2.10%.

06:18 am : FTSE...5145.99...+8.00...+0.20%. DAX...5670.54...+13.20...+0.20%.

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