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 Post subject: October 20th Tuesday 2009 Emini ES ($ES_F) points +10.00
PostPosted: Tue Oct 20, 2009 11:57 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=342

Quote:
I came out of the gate today being very aggressive with my trades via my trade strategies and with trades via intuition. However, gave the broker a lot of money via commissions out of the +10 points I got and the profits was mainly as a result of my last few trades of the day. In fact, after doing some statistical work on my trading habits...I've determine that I would be more profitable and less stressed if I only traded from 0830am - 1030am est and then from 1430pm - 1615pm est. Simply, no trading for 4 hours between 1030am - 1430pm est because that's usually where I'm really not getting anywhere profit wise and it's worth it eventhough I may miss a few days that have strong directional price movements in that time period. The only problem with such a trading schedule is that if I have a poor performance in the morning...will I feel more pressured (stressed) to trade well from 1430pm - 1615pm est so that the trading day results in a profit....only one way to find out.


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: +10.00 Emini ES ($ES_F) points

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Stocks Slide, but Dow Holds 10,000
Mixed profit reports, a stronger dollar and a weaker housing market report are among the factors dragging on Wall Street.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: October 20, 2009: 6:21 PM ET

NEW YORK (CNNMoney.com) -- Stocks dipped Tuesday as a stronger dollar and some disappointment about DuPont and Coca-Cola's results gave investors a reason to retreat from the recent rally.

A weaker-than-expected housing market report added to the downward pressure.

The Dow Jones industrial average (INDU) lost 50 points, or 0.5%, according to early tallies, after ending the previous session at the highest finish since Oct. 3, 2008.

The S&P 500 (SPX) index lost 7 points, or 0.6%, after ending Monday's session at the highest point since Oct. 2, 2008. The Nasdaq composite (COMP) fell 13 points, or 0.6%, after ending the previous session at the highest point since Sept. 26, 2008.

After the close, Yahoo (YHOO, Fortune 500) reported higher quarterly earnings that beat forecasts on weaker revenue that also beat forecasts.

Also after the close, Sun Microsystems (SUN, Fortune 500) said it was cutting 3,000 jobs related to its purchase by Oracle (ORCL, Fortune 500).

Tuesday brought quarterly results from five Dow components: DuPont, Pfizer, Coca-Cola, Caterpillar and United Technologies. Apple and Texas Instruments were among the names who reported after the closing bell Monday.

Stocks gained Monday, with the Dow reclaiming 10,000 in response to a weak dollar, higher commodity prices and some earnings optimism. But the path higher over the last week has been choppy as investors have sifted through a mix of profit reports. That choppiness put pressure on stocks Tuesday.

"I'm impressed we've managed to stay above 10,000 as I would have expected a bigger pullback after the last few days," said Gary Webb, CEO at Webb Financial Group.

Webb said that after better-than-expected quarterly results last week from the likes of Goldman Sachs (GS, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Intel (INTC, Fortune 500) raised investors' expectations for the reports this week. As such, even companies that have reported strong results this week have seen a mixed stock reaction.

"When we see an economy that's going in the right direction at a stronger pace, we'll see a more positive reaction to the profit reports," he said.

Since bottoming at a 12-year low on March 9, the S&P 500 has risen more than 62%. But some worry that the Dow's move above 10,000 has been a ruse and that investors should beware.

"We've traded up on some optimism about the global recovery and there are technical reasons why the market could keep rallying," said Brian Battle, vice president at Performance Trust Capital Partners.

However, he said that a lot of the improvement in the economy and profits is being clouded by the enormous amounts of government stimulus. "Once you remove all the stimulus, the underlying economy is not as strong."

Wednesday brings reports on crude inventories, state-by-state unemployment rates and the release of the Fed's "beige book" report on the economy. Fed Governor Daniel Tarullo speaks about the economy in Washington D.C., starting around 1 p.m. ET.

Wells Fargo (WFC, Fortune 500) and eBay (EBAY, Fortune 500) are the biggest companies reporting quarterly results Wednesday.

Blue-chip results: DuPont (DD, Fortune 500) reported higher third-quarter earnings that topped estimates on weaker revenue that missed forecasts. The chemical maker used cost-cutting to temper the impact of weak sales and surging crude and energy costs.

Looking forward, DuPont narrowed its full-year earnings guidance to a per-share range of between $1.95 and $2.05. Shares fell 2.2%.

Coca-Cola (KO, Fortune 500) reported modestly higher third-quarter earnings that met estimates on weaker revenue that missed forecasts. The company was hit by weaker sales amid the impact of the recession.

Coke was also hurt by the comparatively strong dollar, at least versus a year ago. A stronger dollar hurts companies like Coke because the majority of its profit comes from sales overseas. Those sales then convert back to less U.S. dollars. Coke shares fell 1.3%.

Pfizer (PFE, Fortune 500) reported higher third-quarter earnings and weaker revenue, both of which surpassed analysts' estimates. Although the maker of Lipitor, Viagra and other drugs saw a decline in sales due to the recession, that was offset by aggressive cost-cutting. Shares fell 0.3%.

Caterpillar (CAT, Fortune 500) reported weaker quarterly earnings that topped estimates on weaker quarterly revenue that missed forecasts, due to lower sales. But the heavy-equipment maker also lifted its full-year earnings forecast to a range of $1.10 to $1.30 per share, versus its previous guidance of 95 cents per share. Caterpillar gained 3%.

United Technologies (UTX, Fortune 500) reported weaker quarterly earnings and revenue that missed estimates. Looking forward, the company said it expects earnings of $4.10 per share, in the middle of its previous guidance. UTX runs jet engine maker Pratt & Whitney, Otis elevators and other businesses. Shares were little changed.

Tech results: Late Monday, Apple (AAPL, Fortune 500) reported fiscal fourth-quarter revenue and earnings that easily beat analysts' estimates, thanks to strong sales of Macintosh computers and iPhones.

Apple also forecast current-quarter revenue in a range of between $11.3 billion and $11.6 billion, versus the $11.4 billion analysts are forecasting. Apple forecast earnings per share of between $1.70 and $1.78 versus the $1.91 analysts' predict.

Shares rallied as high as $204 in after-hours trading Monday, an all-time high. On Tuesday, shares gained $8.90 or 4.7% to close at $200.60 per share.

Texas Instruments (TXN, Fortune 500) also reported results after the close Monday. The chipmaker reported weaker quarterly earnings and revenue that topped estimates. Shares gained 0.6% Tuesday.

Other results: Boston Scientific (BSX, Fortune 500) reported a profit versus a year-ago loss, but results were shy of forecasts. The medical device maker also cut its full-year 2009 earnings forecast due to slower sales of defibrillators and other products.

Shares fell 15.7% in very active NYSE trading.

Economy: Housing starts rose to a 590,000 unit annual rate in September, versus a revised 587,000 in the previous month. Economists expected starts at a 610,000 unit annual rate.

Building permits, a measure of builder confidence, rose to a 573,000 unit annualized rate in September from a revised 580,000 unit annualized rate in August. Economists surveyed by Briefing.com thought starts would rose to 595,000 unit annualized rate.

The Producer Price Index (PPI), a measure of wholesale inflation. PPI slipped 0.6% in September versus forecasts for a flat reading. PPI rose 1.7% in the previous month. The core PPI, which strips out volatile food and energy prices, fell 0.1% after rising 0.2% in the previous month. Economists thought it would rise 0.1%.

World markets: Global markets were mixed. In Europe, London's FTSE 100 lost 0.7%, France's CAC 40 lost 0.5% and Germany's DAX lost 0.7%. Asian markets ended lower.

Bonds: Treasury prices rallied, lowering the yield on the 10-year note to 3.34% from 3.38% late Monday. Treasury prices and yields move in opposite directions.

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

U.S. light crude oil for November delivery fell 52 cents to settle at $79.09 a barrel on the New York Mercantile Exchange, after ending the previous session at the highest level in a year.

COMEX gold for December delivery rose 50 cents to settle at $1,058.60 an ounce. Gold has surpassed records repeatedly this month due to the weak dollar and longer-term worries about inflation.

Market breadth was negative. On the New York Stock Exchange, losers topped winners two to one on volume of 1.24 billion shares. On the Nasdaq, decliners topped advancers by over two to one on volume of 2.15 billion shares.

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Yahoo! Finance

4:30 pm : Positive earnings surprises from Apple (AAPL 198.76, +8.90), Texas Instruments (TXN 23.66, +0.14), Caterpillar (CAT 59.61, +1.76), Pfizer (PFE 17.93, -0.05), and UnitedHealth (UNH 25.96, +1.04) couldn't keep the broader market from slipping to a loss as a stronger dollar pressured stocks and commodities alike.

Stocks looked poised to start the session on strong footing and extend the previous session's gains, but the positive tone among participants dwindled in the opening minutes as enthusiasm faded for the strong earnings of several widely-held companies. A bounce by the U.S. dollar also undercut stocks; basic materials stocks (-1.1%) and energy stocks (-0.9%) were hit particularly hard, given their correlation to commodity prices.

With the Dollar Index climbing 0.4% this session, the CRB Commodity Index retreated to a 0.5% loss as oil futures prices fell 0.7% to $79.09 per barrel. Gold prices were able to recover from negative territory to finish fractionally higher at $1058.60 per ounce, however.

Health care stocks also struggled this session. The sector shed 1.0% as Boston Scientific (BSX 8.57, -1.59) slumped in the wake of its quarterly earnings report, which actually contained a positive earnings surprise and an in-line earnings forecast. That couldn't stop a Wells Fargo downgrade from dragging down the stock, though.

Meanwhile, managed care providers (+2.2%) looked strong following better-than-expected earnings and reaffirmed upside guidance from UnitedHealth, but their gains couldn't overcome weakness in the rest of the health care sector.

Tech stocks settled as the best performing sector, even though it closed unchanged. The sector found strength as participants flocked to shares of Apple in the wake of its strong quarterly results. Apple was also a primary leader in the Nasdaq.

In economic news, the Producer Price Index for September made a surprise month-over-month drop of 0.6%, while core producer prices made a surprise 0.1% slip. Housing starts for September came in at an annualized rate of 590,000, which is below the rate of 610,000 units that was widely expected. DJ30 -50.71 NASDAQ -12.85 NQ100 +0.0% R2K -1.4% SP400 -0.9% SP500 -6.85 NASDAQ Adv/Vol/Dec 726/2.14 bln/1965 NYSE Adv/Vol/Dec 1051/1.24 bln/1996

3:30 pm : Swings in the dollar have had a significant impact on trading this session. Stocks are now paring losses as the dollar index pares its gains.

Precious metals ended rather unchanged this session. Both gold and silver futures were trading higher in the early morning as the dollar was weak. As the dollar strengthened throughout the session, precious metals traded into negative territory. Much like the broader market, however, precious metals pared their losses as the strong run in the dollar faded. Gold futures closed fractionally higher at $1058.60 per ounce as silver finished 0.4% lower at $17.56 per ounce.

November Natural Gas futures rallied for a 7.2% gain this session. Natural gas futures are trading at levels not seen since mid-January. Fear of an upcoming cold winter has eased the pressures stemming from historically high supply levels. November Crude oil contracts expired at the end of the pit trade at $79.09, off 0.7%. The new front month contract, ending December also finished lower. They were trading at the unchanged level early in the session when the dollar was at lows, but strength in the dollar pushed the contracts into negative territory for the rest of the session. They closed off 1.3% at $78.92 per barrel.DJ30 -68.17 NASDAQ -15.23 SP500 -8.26 NASDAQ Adv/Vol/Dec 667/1.76 bln/2021 NYSE Adv/Vol/Dec 955/947 mln/2062

3:00 pm : Stocks have spent the afternoon within a rather narrow trading range. The sideways drift has made for rather unexciting trade.

That's not to say action hasn't been interesting, though. Stocks have spent the entire session mired in weakness, despite strong earnings results from several widely-held companies. While many of those individual companies are still trading in the green, they haven't been able to provide the necessary leadership to the broader market.DJ30 -60.31 NASDAQ -13.18 SP500 -7.04 NASDAQ Adv/Vol/Dec 723/1.61 bln/1949 NYSE Adv/Vol/Dec 1002/874 mln/2006

2:30 pm : Airline stocks are showing strength in the face of this session's selling effort. In turn, the Amex Airline Index is up 0.9%.

The advance by airline stocks comes on the heels of a better-than-expected report from UAL Corp (UAUA 7.94, +0.68). The company posted an adjusted loss of $0.43 per share, but that was still $0.51 better than the consensus estimate.DJ30 -73.23 NASDAQ -14.40 SP500 -8.13 NASDAQ Adv/Vol/Dec 734/1.51 bln/1934 NYSE Adv/Vol/Dec 977/816 mln/2002

2:00 pm : Health care stocks and financial stocks have fallen to fresh session lows. They are down 1.0% and 0.7%, respectively.

Weakness in the health care sector comes despite leadership from UnitedHealth (UNH 25.88, +0.96), which posted better-than-expected earnings for its latest quarter and reaffirmed upside guidance for the year. The stock's strength has helped other managed care providers (+2.2%), but it hasn't been enough to offset weakness in biotech (-1.9%) or health care equipment stocks (-3.3%).

As for financials, only diversified banks are making progress. As a group, diversified banks are up 0.1% as Comerica (CMA 31.85, +1.48) shows strength in the wake of its better-than-expected quarterly report.DJ30 -83.66 NASDAQ -19.00 SP500 -10.21 NASDAQ Adv/Vol/Dec 642/1.37 bln/1997 NYSE Adv/Vol/Dec 860/739 mln/2112

1:30 pm : The major indices have worked their way off of their lows, but they continue to trade with marked losses.

Within the broad-based S&P 500, roughly 80% of the listings are trading with a loss. Boston Scientific (BSX 8.46, -1.70) is a primary laggard in the broader market, even though the company posted a positive earnings surprise on in-line revenue for its latest quarter. The company also issued an in-line earnings forecast for the fourth quarter. Despite those points, analysts at Wells Fargo downgraded shares of BSX.DJ30 -68.92 NASDAQ -16.66 SP500 -8.34 NASDAQ Adv/Vol/Dec 648/1.27 bln/1976 NYSE Adv/Vol/Dec 899/685 mln/2081

1:00 pm : A large batch of better-than-expected earnings results had helped create a positive tone ahead of the opening bell, but as enthusiasm over the reports waned and the U.S. dollar started to bounce, stocks slipped into the red. Losses remain broad and considerable.

Stocks looked as if they would extend the previous session's near 1% gain on the heels of positive earnings announcements from Apple (AAPL 198.69, +8.83), Texas Instruments (TXN 23.82, +0.30), Caterpillar (CAT 59.34, +1.49), Pfizer (PFE 18.01, +0.03), and UnitedHealth (UNH 25.94, +1.02). TXN, PFE, and UNH even issued upside earnings forecasts. However, participants are paring positions in the stocks, which is undermining their leadership.

A stronger dollar is also putting a damper on things. The greenback had been down fractionally in the early going, but has made its way to a 0.6% gain against a basket of major foreign currencies. That makes for its best single-session percentage gain in more than one week. The Dollar Index is still trading marginally above its 52-week low, though.

Nonetheless, the dollar's gains have cast a particularly heavy weight on materials stocks and energy stocks, which are suffering from both broader market weakness and softer commodity prices. The two sectors are down 1.6% and 1.4%, respectively. That's worse than any of the other major sectors.

Oil prices are currently down 1.4% to $78.50 per barrel, while gold prices have surrendered early gains to trade with a 0.1% loss at $1056 per ounce. Their declines have taken the CRB Commodity Index off of its 2009 high, which was reached in the opening minutes of this session, to a 0.7% loss. That's the CRB's worst loss in more than two weeks.

Economic data didn't do much for stocks this session, either. The Producer Price Index for September made a surprise month-over-month drop of 0.6% and core producer prices fell a surprise 0.1%. Housing starts for September came in at an annualized rate of 590,000, which is below the rate of 610,000 units that was widely expected. DJ30 -81.47 NASDAQ -21.07 SP500 -9.53 NASDAQ Adv/Vol/Dec 591/1.17 bln/2022 NYSE Adv/Vol/Dec 828/630 mln/2154

12:30 pm : The Dow, Nasdaq, and S&P 500 have steadied their descent so that losses remain less than 1%. However, small-caps in the Russell 2000 and mid-caps in the S&P 400 are under more intense pressure, which has them down 1.7% and 1.3%, respectively.

Commodities are also under considerable pressure. With the Dollar Index now up 0.5%, the CRB Commodity Index has fallen to a 0.5% loss.

Meanwhile, Treasuries are faring well amid the weakness in stocks and commodities. As such, the benchmark 10-year Note is up some 17 ticks.DJ30 -82.22 NASDAQ -20.28 SP500 -9.98 NASDAQ Adv/Vol/Dec 590/1.06 bln/2002 NYSE Adv/Vol/Dec 815/575 mln/2144

12:00 pm : Stocks recently extended their losses to fresh session lows. The downturn has been broad based, leaving all 10 major sectors to trade in the red.

Retailers are faring particularly poorly. As a group, retailers are down 1.6%. Their slide is being driven primarily by weakness in shares of Best Buy (BBY 39.35, -1.51) and GameStop (GME 26.06, -2.10). Shares of GME were hit with an analyst downgrade earlier today, plus a report from Reuters said that research firm NBD estimates U.S. video game sales increased a mere 1% in September.

Weakness among retailers has imbued TJX (TJX 38.78, -0.28), which raised its fiscal 2010 earnings outlook to range from $0.77 to $0.79 per share. The outlook exceeds the $0.74 per share that analysts had forecast.DJ30 -81.17 NASDAQ -17.65 SP500 -9.81 NASDAQ Adv/Vol/Dec 609/951 mln/1965 NYSE Adv/Vol/Dec 871/507 mln/2075

11:30 am : The major indices continue to chop along in negative territory, during which time materials stocks have extended their slide to a 1.5% loss. Energy stocks aren't far behind, though; the energy sector is down 1.4%.

Energy's loss comes as oil prices fall 1.2% to $78.60 per barrel. That downturn has been particularly burdensome for oil and gas equipment stocks (-2.8%) and oil and gas drilling stocks (-2.3%).DJ30 -44.06 NASDAQ -7.61 SP500 -5.22 NASDAQ Adv/Vol/Dec 772/784 mln/1749 NYSE Adv/Vol/Dec 1034/433 mln/1866

11:00 am : Materials stocks are down 1.2% as a confluence of broader market weakness and softer commodities prices weigh on the sector. The sector's loss is worse than that of any other major sector in the S&P 500.

Meanwhile, financial stocks have managed to make their way into positive ground. The sector is currently up 0.4%, which is better than the tech sector's 0.3% gain.

Comerica (CMA 32.06, +1.69), Regions Financial (RF 6.11, +0.41), and Bank of New York (BK 29.15, +1.92) are primary leaders among financial issues this session. All three reported their latest quarterly results ahead of the opening bell; Comerica and Bank of New York both topped bottom line expectations, but Regions Financial actually posted a deeper-than-expected loss.DJ30 -27.51 NASDAQ -4.10 SP500 -2.98 NASDAQ Adv/Vol/Dec 789/636 mln/1674 NYSE Adv/Vol/Dec 1065/353 mln/1810

10:00 am : Stocks are still chopping along in negative ground. Gold and oil prices are now pulling back, too, such that oil prices are down 0.4% to $79.30 per barrel and gold prices are up just 0.3% to $1061.0 per ounce after trading at $1066 per ounce earlier.

The fit of selling that has undercut stocks and commodities coincides with a bounce by the U.S. dollar, which is now up 0.2% against a basket of major foreign currencies after it was trading with a fractional loss earlier this morning.DJ30 -11.26 NASDAQ -0.22 SP500 -1.52 NASDAQ Adv/Vol/Dec 847/308 mln/1487 NYSE Adv/Vol/Dec 1064/193 mln/1675

09:45 am : Stocks have slipped in the opening minutes of Tuesday's trade. A positive tone to premarket trading had made it look as if stocks would be able to extend the previous session's gains.

Materials stocks are leading this morning's slide. The sector is currently down 1.0%.

Tech stocks are holding on to a fractional gain of 0.2%. The sector has garnered support from Apple (AAPL 200.01, +10.15), which set a fresh 52-week high at the open, thanks to better-than-expected earnings results last evening.DJ30 -39.22 NASDAQ -7.88 SP500 -4.81 NASDAQ Adv/Vol/Dec 757/174 mln/1462 NYSE Adv/Vol/Dec 879/131 mln/1793

09:15 am : S&P futures vs fair value: +1.10. Nasdaq futures vs fair value: +12.50. Better-than-expected earnings announcements from a raft of widely-held companies have induced a positive mood among premarket participants. That has helped to prop up stock futures, which suggest that the previous session's strong gains will be extended in early trade. The early action hasn't been without disruption, though. In fact, stock futures encountered a headwind in the form of a softer-than-expected annualized rate of housing starts for September. Moreover, stock futures for the broad S&P 500 encountered resistance as they climbed toward the 1100 level, which is causing initial technical resistance, as it did during the previous session.

09:00 am : S&P futures vs fair value: flat. Nasdaq futures vs fair value: +10.00. U.S. stock futures are off of their highs, but the tone among premarket participants remains positive. The upbeat mood comes without help from Europe, which has seen its major stock indices slip after trading modestly higher earlier. That has left Britain's FTSE to trade with a 0.3% loss. Many banking issues are trading lower amid news that the Qatari Investment Authority sold shares of Barclays (BCS). However, miners are trading higher as BHP Billiton (BHP) and Rio Tinto (RTP) show strength. In Germany, the DAX is currently down 0.3%. Infineon Technologies is showing strength, though, following better-than-estimated earnings from fellow semiconductor maker Texas Instruments (TXN). In France, the CAC is currently down 0.2%. Sanofi-Aventis (SNY) is a primary laggard, but GDF Suez is showing positive leadership. Markets in Asia performed well during Tuesday's trade. As such, the MSCI Asia Pacific Index and Japan's Nikkei settled 1.0% higher. Solid U.S. earnings underscored belief in an economic recovery. In Hong Kong, the Hang Seng added 0.8% to its tally. Industrial & Commercial Bank of China gained following news that a couple of its investors, Allianz (AZ) and American Express (AXP), haven't planned to sell their stakes. In mainland China, the Shanghai Composite climbed 1.5%. Financial shares showed leadership.

08:35 am : S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +10.80. The Producer Price Index for September made a month-over-month decrease of 0.6%, which is a surprise considering that many had expected it to be flat. Core producer prices, which exclude food and energy, were down 0.1%, which contrasts with the 0.1% increase that was widely expected. Meanwhile, housing starts for September came in at an annualized rate of 590,000, which is up slightly from the downwardly revised rate of 587,000 for August, but shy of the 610,000 unit rate that was widely expected. Building permits came in at an annualized rate of 573,000, which is below the rate of 595,000 that had been widely expected and down from the rate of 580,000 that was registered in August. The data has caused a bit of a pullback in stock futures, but the premarket bias remains positive.

08:00 am : S&P futures vs fair value: +3.20. Nasdaq futures vs fair value: +12.50. A flurry of earnings reports have hit news wires since the previous session's close. On the whole, results have been better-than-expected with some of the most notable positive earnings surprises coming from Apple (AAPL), Texas Instruments (TXN), Caterpillar (CAT), Pfizer (PFE), Boston Scientific (BSX), UnitedHealth (UNH), DuPont (DD), and Coach (COH). Coca-Cola (KO) met expectations for the bottom line. The results have helped extend the previous session's positive tone into premarket trading, such that stock futures point to a strong start for Tuesday. Still, several companies have yet to report this morning and there are a couple of economic reports due at the bottom of the hour, namely September producer price data and September housing starts data.

06:17 am : S&P futures vs fair value: -0.40. Nasdaq futures vs fair value: +8.50.

06:17 am : Nikkei...10336.84...+100.30...+1.00%. Hang Seng...22384.96...+184.50...+0.80%.

06:17 am : FTSE...5277.52...-4.00...-0.10%. DAX...5853.62...+1.30...0.00.

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