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 Post subject: November 3rd Tuesday 2009 Emini ES ($ES_F) points +3.25
PostPosted: Wed Nov 04, 2009 12:27 am 
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Written By M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)

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 involving WRB Analysis (wide range body analysis) because its all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=67&t=352

Quote:
Had to end my trading day early due to a dental appointment I forgot about and due to taking the kids to get their H1N1 immunization shots that require me to stand in line for many hours to hold our spot until I called spouse to bring the kids. Simply, I got home long after dinner and I'm exhausted...see all tomorrow.


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 and volatility along with being able to exploit these changes via WRB Analysis (wide range body analysis).


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 experience, discipline, money management, team collaboration, proper trading enviornment (home or office), 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: +3.25 Emini ES ($ES_F) points


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Stocks Churn In Choppy Session
Wall Street struggles as investors get cautious after the recent selloff. Oil and gold prices rally, auto sales impress, Burlington Northern rallies on buyout.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: November 3, 2009: 6:16 PM ET

NEW YORK (CNNMoney.com) -- Stocks struggled Tuesday, ending mixed, as investors mulled improved auto sales, surging commodity prices and Warren Buffett's buyout of railroad Burlington Northern Santa Fe.

The first day of the Federal Reserve's two-day policy meeting and some bearish news in the financial sector were also in play.

The Dow Jones industrial average (INDU) lost 17 points, or 0.2%. The S&P 500 (SPX) gained 2 points, or 0.2% and the Nasdaq composite (COMP) rose 8 points, or 0.4%.

The Dow Jones Transportation (DJT) average surged 5.3% after Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) said it will buy railroad operator Burlington Northern Santa Fe (BNI, Fortune 500).

Stocks managed gains Monday at the end of a choppy session, but the selling resumed Tuesday. The S&P 500 has tumbled more than 5% over the last two weeks on worries that the massive 2009 stock rally has outpaced the still-germinating recovery.

"There's a lot of speculation right now that the long-expected correction is here, but I don't think that's true," said Tommy Williams, president at Williams Financial Advisors.

"What we're seeing is a consolidation of a market that has run too far, too fast," he said. "It may run sideways for a few weeks or even into the end of the year, but there is nothing to suggest a big correction."

He thinks the market will avoid a major drop thanks to the improving corporate and economic news, the government stimulus, and all the money idling in money market funds and low-yielding cash equivalents.

"I'm not worried that the market is going to fall apart," said Jack Ablin, chief investment officer at Harris Private Bank. "I think we're in the process of toning down expectations and understanding that a lot of what we've seen has been because of artificial stimulus."

The S&P 500 gained 63% between the 12-year low it hit on March 9 and the rally high hit on Oct. 19, as investors went from baking in a depression to a recession to an eventual recovery. Trillions in fiscal and monetary stimulus fueled the run.

Buffett buys Burlington: Warren Buffett's Berkshire Hathaway is buying Burlington Northern Santa Fe in a $44 billion cash-and-stock deal that the so-called Oracle of Omaha dubbed an "all-in wager on the economic future of the United States."

The deal involves Berkshire buying the remaining 77.4% of the company it doesn't already own for around $100 per share.

Burlington shares surged 28%.

In other merger news, Stanley Works (SWK) said late Monday that it would buy Black & Decker (BDK, Fortune 500) in a $4.5 billion all-stock deal. Stanley Works shares gained 10% and Black & Decker gained 8%.

Financials: MasterCard (MA, Fortune 500) reported higher-than-expected quarterly earnings, reversing a year-ago loss. The credit card processor also reported a higher quarterly revenue that topped estimates.

Looking forward, MasterCard said that fiscal-year 2009, 2010 and 2011 revenue growth will come in shy of the long-term objective of 12% to 15%. Shares fell 1.6%.

Swiss bank UBS (UBS) reported a bigger quarterly loss that was worse than expected Tuesday and also issued a cautious outlook. Shares fell 3.2%.

Royal Bank of Scotland Group (RBS) said it will sell its insurance unit and some branches as it receives an additional £25.5 billion, or $41.6 billion, in aid from the U.K. Treasury. RBS shares fell 5%. Lloyds Banking Group will also receive over $9 million in aid.

Initially, the banking sector woes weighed on a variety of bank shares, lowering the KBW Bank (BKX) index by 1%. But the index erased losses by the close.

Autos: Most major automakers reported that sales bounced back in October following a weak September, as more cars became available.

Among the standouts: Ford Motor (F, Fortune 500) said sales rose 3% versus a year ago, topping forecasts for a decline of 3%. Sales also jumped 21% from September.

Toyota Motor (TM) reported sales that were pretty flat versus a year ago, but that was better than the decline of 6% that analysts expected. Results were also up 21% from September.

General Motors said October sales rose 5% versus a year ago, but that was short of expectations.

Other company news: Dow component Johnson & Johnson (JNJ, Fortune 500) said it is cutting 7% of its global workforce as part of a cost-cutting plan that could save the company up to $1.7 billion by 2011. Shares lost less than 1%.

Shares were barely changed.

Intel (INTC, Fortune 500) shares slumped 2.7% after Morgan Stanley cut its rating on the company to "equal weight" from "overweight."

Federal Reserve: The central bank's two-day policy meeting got underway Tuesday, with a statement due Wednesday afternoon.

The Fed is widely expected to hold the fed funds rate, a key bank lending rate, at historic lows near zero. As always, investors will be attuned to what the Fed says about the economic outlook in its statement. The Fed could also provide hints as to when it might start withdrawing some of the trillions in stimulus it put into the system over the last year to temper the impact of the financial crisis.

The bank is not expected to boost interest rates until sometime next year.

Economy: Factory orders rose 0.9% in September after falling 0.8% in the previous month. Economists surveyed by Briefing.com thought it would rise 0.8%.

Currency and commodities: The dollar gained versus the yen and fell against the euro.

Typically, a stronger dollar would pressure dollar-traded commodities such as oil and gold, but that wasn't the case Tuesday.

U.S. light crude oil for December delivery rose cents $1.47 to settle at $79.60 a barrel on the New York Mercantile Exchange.

COMEX gold for December delivery rallied $30.90 to settle at $1,084.90 an ounce after earlier hitting an intraday record high of $1,087 an ounce.

Bonds: Treasury prices fell, raising the yield on the 10-year note to 3.47% from 3.41% Monday. Treasury prices and yields move in opposite directions.

Image

Yahoo! Finance

4:35 pm : Despite a stronger dollar and some sloppy action, the S&P 500 was able to net a modest gain in Tuesday's trade.

Stocks had started the session in negative territory as the U.S. dollar gained ground against a basket of major foreign currencies and drove the Dollar Index up almost 0.8% to a near one-month high. In the face of broader market weakness and a stronger greenback, materials stocks (+1.2%) were able to make strong gains as gold prices raced higher.

Gold shook free from its correlation to the greenback by trading higher for the entire session. It settled with a 2.9% gain at $1084.90 per ounce, but that was after it hit a new record high of $1087.30 per ounce. Gold's record high came about as the dollar handed back a large chunk of its gains, such that the Dollar Index closed with a near 0.2% gain.

The greenback's pullback also brought some buyers back into the broader equity market. Buyers showed favor for industrial stocks, which finished 1.4% higher, better than any other major sector. Among industrial plays, railroad stocks (+12.0%) garnered particular interest, thanks to a cash and stock offer of $100 per share for Burlington Northern Santa Fe (BNI 97.00, +20.93) from Warren Buffett's Berkshire Hathaway (BRK.A 100,450.00, +1,700). Despite that vote of confidence, stocks still lacked leadership.

Financials, a frequent leader for the broader market, traded erratically before settling with a 0.4% gain. Insurers (+4.4%) proved helpful in the advance, offsetting weakness in MasterCard (MA 219.20, -3.45), which posted better-than-expected third quarter earnings, but reaffirmed that it wouldn't hit its long-term revenue growth target due to recent macro weakness.

In other corporate news, Dow component Johnson & Johnson (JNJ 58.93, -0.56) reaffirmed an in-line earnings outlook for fiscal 2009, but also said it will eliminate 6% to 7% of its global workforce as it works to strengthen its position.

Factory orders for September were the only piece of data on the economic calendar. Orders increased a stronger-than-expected 0.9%, but that didn't have an impact on trade.

Economic data will be in sharper focus tomorrow, though. The ADP Employment Report for October is due, along with the ISM Services Index for October. The FOMC also issues its latest policy statement.

Advancing Sectors: Industrials (+1.4%), Materials (+1.2%), Energy (+1.1%), Financials (+0.4%), Consumer Discretionary (+0.3%)
Declining Sectors: Consumer Staples (-0.7%), Telecom (-0.5%), Tech (-0.3%), Utilities (-0.2%), Health Care (-0.1%)DJ30 -17.53 NASDAQ +8.12 NQ100 +0.4% R2K +1.5% SP400 +1.2% SP500 +2.53 NASDAQ Adv/Vol/Dec 1611/2.18 bln/1070 NYSE Adv/Vol/Dec 1841/1.38 bln/1185

3:30 pm : Commodities managed gains this session as the dollar pared its early gains throughout the session.

Gold futures traded with strength all session, even when the dollar was strong early. The December futures rallied to a new all time high at $1087.30 per ounce just before the close and finished up 2.9% at $1084.90 per ounce. The December contract even notched a new all time high at $1088.50 per ounce after the close of the pit trade. Silver futures saw similar strength. Silver futures rose an impressive 4.5% to close at $17.18 per ounce.

After opening lower on strength in the dollar, crude oil futures advanced as the dollar pared its gains. December crude oil pulled back just shy of the $80 level, but still finished with strength at $79.63 per barrel, up 1.9%. Natural gas futures pulled back late in the morning after notching highs at $4.94 per contract. After dipping into negative territory for just a moment, they returned into positive territory. They closed 2.1% higher at $4.92 per contract. DJ30 -45.12 NASDAQ -0.26 SP500 -0.94 NASDAQ Adv/Vol/Dec 1334/1.76 bln/1333 NYSE Adv/Vol/Dec 1564/1.02 bln/1427

3:00 pm : The stock market recently retreated back into the red after spending less than one hour in positive territory.

With one hour remaining in this session, participants are looking ahead to this evening's earnings calendar, which features reports from almost 100 companies. Dow component Kraft (KFT 27.42, -0.22) is possibly the most widely-held company that has confirmed it will report. A complete schedule is available for free under Briefing.com's Investor page -- just look under Calendars.DJ30 -50.41 NASDAQ -3.05 SP500 -2.09 NASDAQ Adv/Vol/Dec 1280/1.63 bln/1379 NYSE Adv/Vol/Dec 1475/936 mln/1520

2:30 pm : The S&P 500 has made its way to its best level of the session as the U.S. dollar surrenders its gains against foreign currencies. The Dollar Index is now up fractionally after being up nearly 0.8% earlier this session.

The dollar's drop has helped drive the CRB Commodity Index to a 1.1% gain and a session high. With commodities looking stronger, materials stocks and energy stocks have each made their way to gains of 1.5%.DJ30 -17.99 NASDAQ +1.97 SP500 +1.90 NASDAQ Adv/Vol/Dec 1308/1.47 bln/1329 NYSE Adv/Vol/Dec 1587/838 mln/1391

2:00 pm : Shares of automakers are down 1.7%, collectively, following monthly sales results from several major players. Ford (F 7.47, -0.11) said its October sales increased 3.1%, while Toyota Motor (TM 78.92, -0.20) said its U.S. sales in October declined 3.5% from the previous year. Nissan Motor (NSANY 14.31, -0.04) reported a 5.6% increase in North America sales during October and General Motors posted a 4% year-over-year gain for U.S. sales in October.

Meanwhile, the broader market continues to lack direction as it trades in choppy fashion along the neutral line.DJ30 -25.17 NASDAQ -2.13 SP500 +0.03 NASDAQ Adv/Vol/Dec 1143/1.33 bln/1463 NYSE Adv/Vol/Dec 1407/759 mln/1560

1:30 pm : Pharmaceutical stocks are having a tough outing. As a group they have lost 1.1% this session.

The slide comes even though major drug company and Dow component Johnson & Johnson (JNJ 59.03, -0.46) reaffirmed this morning its in-line earnings outlook for fiscal 2009 and generic drug maker Teva Pharmaceuticals (TEVA 50.01, -1.18) posted better-than-expected earnings for its latest quarter.

Amid their declines the health care sector is down 0.4%.DJ30 -42.63 NASDAQ -5.85 SP500 -2.54 NASDAQ Adv/Vol/Dec 1093/1.23 bln/1496 NYSE Adv/Vol/Dec 1317/705 mln/1647

1:00 pm : Though the S&P 500 recently managed to poke into positive territory, it remains hampered by widespread weakness as a result of listless trade and a stronger U.S. dollar.

The Dollar Index is currently up 0.3% after a pullback from earlier levels. That has helped give a lift to the broader market and garnered additional support for commodities.

In the face of gains by the greenback, gold prices have spiked to a new record high. They are currently up 2.9% to $1084.20 per ounce. That has helped drive the SPDR Gold Trust (GLD 106.35, +2.40) to its own record highs and prop up the materials sector, which is up 1.0%.

Oil prices started the session lower, but have made their way to a 1.5% gain at $79.30 per barrel. That has helped drive the energy sector to a 0.8% gain.

However, industrials make up the best performing major sector. It is currently up 1.1% amid strength in rail stocks, which are collectively up 11.3% following a bid from Berkshire Hathaway (BRK.A 100,350.00, +1,600) for Burlington Northern Santa Fe (BNI 97.59, +21.52) for $100 per share in cash and stock.

Still, the broader market remains largely unimpressed by those gains and so the other seven major sectors have been stuck in the red.

Financials had been one of the worst performing sectors, but recent volatility in the sector has left it with a rather modest 0.4% loss. MasterCard (MA 216.31, -6.34) has been a drag on the sector since hosting an uninspiring conference call that overshadowed its better-than-expected third quarter earnings.

In economic news, factory orders for September increased a stronger-than-expected 0.9%, but that didn't do anything to inspire participants. DJ30 -34.01 NASDAQ -7.17 SP500 -1.97 NASDAQ Adv/Vol/Dec 1114/1.14 bln/1472 NYSE Adv/Vol/Dec 1307/653 mln/1643

12:30 pm : A lack of leadership has left the broader equity market to continue trading in choppy fashion. Listless trade has also left the major averages in negative territory.

Of the major sectors in the broader market, only industrials (+1.0%), energy (+0.8%), and materials (+0.8%) have managed to make a gain.DJ30 -473.84 NASDAQ -7.99 SP500 -2.69 NASDAQ Adv/Vol/Dec 1051/1.02 bln/1530 NYSE Adv/Vol/Dec 1213/586 mln/1735

12:00 pm : The headline indices are trading with moderate losses, but the strength among mid-caps has helped the S&P 400 ascend to a 0.2% gain.

Oshkosh Truck (OSK 35.11, +3.28) is a primary leader among mid-caps. The company posted this morning better-than-expected adjusted earnings of $0.27 per share. Meanwhile, Kansas City Southern (KSU 26.23, +2.15) has also shown leadership; the company has been the center of chatter regarding its status as another possible takeover candidate among rail companies. DJ30 -50.11 NASDAQ -11.17 SP500 -3.70 NASDAQ Adv/Vol/Dec 991/895 mln/1562 NYSE Adv/Vol/Dec 1170/528 mln/1739

11:30 am : Financials have fallen back under another fit of selling pressure, but they remain above session lows. Still, the sector's 1.2% loss is worse than that of any other major sector.

Consumer finance stocks make up the worst performers in the financial sector. As a group, they are down 2.7%. Multiline insurers are providing some balance, however. The group is up a rather impressive 0.8% as AIG (AIG 35.49, +1.17) and Genworth Financial (GNW 10.36, +0.19) find support.

Industrials continue to make up the best performing major sector, however. The sector is currently up 0.9% amid strength in rail stocks, which are collectively up 11.3% following a bid from Berkshire Hathaway (BRK.A 100,100.00, +1,350) for Burlington Northern Santa Fe (BNI 97.59, +21.52) for $100 per share in cash and stock.DJ30 -60.84 NASDAQ -12.53 SP500 -5.44 NASDAQ Adv/Vol/Dec 935/760 mln/1583 NYSE Adv/Vol/Dec 1044/465 mln/1852

11:00 am : The stock market has made a couple of attempts to free itself from choppy trade by pushing toward positive territory. It has twice been rebuffed at the neutral line, however.

Meanwhile, the U.S. dollar continues to trade with strength, though it has eased back from earlier levels so that the Dollar Index now trades with a 0.4% gain.

The greenback's pullback has induced more interest in gold. The yellow metal was recently up 2% to $1075.00 per ounce, which is a new record high. That has helped shares of Barrick Gold (ABX 38.70, +2.19), Yamana Gold (AUY 11.42, +0.61), and Newmont Mining (NEM 45.96, +2.39) outperform the broader equity market. It has also helped Kinross Gold (KGC 18.20, -0.09) mitigate the impact of a disappointing quarterly report that featured a breakeven net, which was below the consensus estimate. Moreover, the SPDR Gold Trust (GLD 105.70, +1.75) has made its way to a new 52-week high. DJ30 -31.97 NASDAQ -9.57 SP500 -2.69 NASDAQ Adv/Vol/Dec 981/621 mln/1480 NYSE Adv/Vol/Dec 1108/391 mln/1750

10:30 am : The stock market opened sharply lower, but is currently back just under the unchanged line, while the US Dollar Index remains higher.

December crude oil has trended lower for the majority of its session thus far and recently hit lows of $76.55 per barrel. Currently, crude is trading 1.1% lower at $77.28 per barrel.

December natural gas rose sharply in recent activity, pushing out of negative territory to new session highs of $4.904 per MMBtu. In recent activity, natural gas is trading 0.9% higher at $4.866 per MMBtu.

Although the US Dollar Index remains near session highs, December gold is trading in positive territory, up 0.8% at $1062.9 per ounce, while December silver is essentially flat, down two cents at $16.42 per ounce. DJ30 -50.56 NASDAQ -13.18 SP500 -5.03 NASDAQ Adv/Vol/Dec 866/457.7 mln/1512 NYSE Adv/Vol/Dec 859/298.2 mln/1960

10:00 am : Stocks futures continue to chop around in negative territory, despite the recent release of a solid piece of data.

Factory orders for September increased 0.9%, which is better than the 0.8% increase that was widely expected. It also marked an improvement from August's 0.8% increase.

Factory orders make up the only piece of data for release on today's economic calendar.

Early movers: Trading up -- BNI +28.3%, DDRX +24.3%, BDK +24%, SNIC +17.2%, TXRH +13%, DLLR +12.2%, RSO +10.3%, USEG +10%, RIC +9.5%, HEV +9.4%, CTSH +7.8%; Trading down -- ETM -15.4%, QCOR -14%, AIB -12.4%, TNL -11.6%, IRE -11.1%, MAIL -10.5%, ENR -10.2%, FUN -10%, RBS -9.6%DJ30 -39.22 NASDAQ -11.34 SP500 -3.75 NASDAQ Adv/Vol/Dec 912/245 mln/1376 NYSE Adv/Vol/Dec 1007/168 mln/1730

09:45 am : The stock market started the session moderately lower, but it has since trimmed its losses. Despite the improved position, financial stocks continue to trade with considerable weakness; the sector is down 1.1%, worse than any other major sector.

Declines by the financial sector stem partly from a sharp sell off in shares of MasterCard (MA 214.11, -8.54), which posted better-than-expected earnings for its latest quarter and said during its conference call that the worst of economic conditions is behind it and recent data are encouraging. However, the company still doesn't expect any global economic improvement until 2010. With that, the company reaffirmed that it doesn't expect revenue from 2009 to 2011 to grow at its 12% to 15% annual target.DJ30 -37.08 NASDAQ -11.85 SP500 -4.74 NASDAQ Adv/Vol/Dec 869/162 mln/1345 NYSE Adv/Vol/Dec 787/120 mln/1919

09:15 am : S&P futures vs fair value: -7.70. Nasdaq futures vs fair value: -9.00. Stock futures continue to trade with weakness as considerable selling weighs on foreign markets and the U.S. dollar makes a heady 0.6% climb to its best level in nearly one month. However, stock futures have managed to pare their premarket losses. The improved position comes on the heels of news that Berkshire Hathaway (BRK.A) will pay a mix of cash and stock worth $100 per share for rail company Burlington Northern Santa Fe (BNI) in a move that Warren Buffett has essentially labeled a bet on the U.S. On a related note, Berkshire has announced that it will split its B shares (BRK.B) 50-for-1. There have only been a few other announcements from widely-held companies to complement Berkshire's news. Among them, MasterCard (MA) posted this morning better-than-expected adjusted earnings for the third quarter. Its shares are up fractionally ahead of the opening bell. Also, Dow component Johnson & Johnson (JNJ) reaffirmed its in-line outlook for fiscal 2009, winning it modest favor in premarket trade. There hasn't been any economic data out yet, though a small dose comes at 10:00 AM ET with the release of September factory orders. The FOMC also starts its 2-day meeting today, but it won't issue any official statement until tomorrow.

09:00 am : S&P futures vs fair value: -8.40. Nasdaq futures vs fair value: -10.00. Renewed strength in the U.S. dollar continues to prop up the Dollar Index, which currently sports a 0.6% gain, but it has caused commodity traders to make a push against oil prices. In turn, oil is down 1.3% to $77.10 per barrel in the first few minutes of pit trade. Gold is showing resilience, however. The yellow metal is currently up 0.5% to $1058.70 per ounce. Given the mixed interest between gold and oil prices, the broad CRB Commodity Index is down 0.6%.

08:35 am : S&P futures vs fair value: -7.60. Nasdaq futures vs fair value: -9.80. Europe's major indices are trading with marked losses. The selling comes in the face of news from New York Times that the European Union expects the full 27-nation bloc to be out of recession by the end of the year and that it revised upward its forecast for economic growth in 2010. Specifically, gross domestic product is now expected to rise by 0.7% in 2010, better than the 0.1% contraction projected last spring. France's CAC and Britain's FTSE are each off by 1.8%. According to The Wall Street Journal, Royal Bank of Scotland (RBS) and Lloyds Banking Group (LYG) unveiled agreements with the U.K. Treasury. RBS will participate in the expensive U.K. asset-protection scheme, while Lloyds opted not to. Meanwhile, Germany's DAX is down 1.4% as its declining issues outnumber its advancers by 4-to-1. Daimler (DAI) is a primary laggard in the group. In Asia, the MSCI Asia Pacific Index, excluding Japan, fell 1.6% during Tuesday's trade. In Hong Kong, the Hang Seng fell 1.8%. Heavyweight HSBC (HBC) proved unable to resist the selling and reversed early gains to settle with a loss. China Construction Bank and Bank of China also slid. In mainland China, the Shanghai Composite advanced 1.2%. Its metal and brokerage issues looked strong. The official China Securities Journal reported that the top four state-owned commercial banks extended about 136 billion yuan in new loans during October, up 23% from a month earlier. Japan's Nikkei was closed for a holiday, but according to The Wall Street Journal, Toyota (TM) representatives expect October U.S. sales to have made a "single-digit" decline in October from last year.

08:00 am : S&P futures vs fair value: -8.20. Nasdaq futures vs fair value: -10.80. A buyout of Burlington Northern Santa Fe (BNI) for $100 per share, a premium of approximately 30% from the previous session's closing price, by Berkshire Hathaway (BRK.A) has helped stock futures off of their premarket lows, but it hasn't been enough to position the major indices for a positive start. Instead, stock futures remain hampered by sellers responding to a considerably stronger U.S. dollar, which has pushed the Dollar Index up 0.6% to a near one-month high. Sizable losses in overseas markets are also helping to perpetuate selling. There isn't a lot of data out today, but participants still await September Factory Orders (10:00 AM ET) and monthly vehicle sales results, which are expected to be released throughout the day. The FOMC convenes today, but it won't issue an official statement until tomorrow.

06:27 am : S&P futures vs fair value: -12.30. Nasdaq futures vs fair value: -18.00.

06:27 am : Nikkei...Holiday......... Hang Seng...21240.06...-380.10...-1.80%.

06:27 am : FTSE...4994.91...-109.60...-2.20%. DAX...5324.24...-106.60...-2.00%.

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M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)


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