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 Post subject: December 14th Monday 2009 Emini ES ($ES_F) points +8.75
PostPosted: Tue Dec 15, 2009 6:49 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=68&t=401

Quote:
Another low volatility trading day that resulted in fewer trades (not that many trade opportunities). I was able to remain discipline along with following the trading plan. As stated in the chat room at the above #FuturesTrades log, we've been in a trading range since mid November on overall declining volatility. In addition, the best trade opportunities are occurring in the overnight trading session while I'm asleep.


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: +8.75 Emini ES ($ES_F) points

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Wall Street Jumps To 14-Month Highs
Stocks advance as financing from Abu Dhabi cools default worries. Citigroup closes deal to repay TARP.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: December 14, 2009: 6:13 PM ET

NEW YORK (CNNMoney.com) -- Stocks gained Monday, with the three leading indexes closing at 14-month highs, after Citigroup said it will pay back government bailout funds and Dubai received $10 billion to cover its debt, easing worries the emirate might default on billions it owes.

The weak dollar also helped, lifting commodity shares and the stocks of companies that do a lot of business overseas.

The Dow Jones industrial average (INDU) rose 30 points, or 0.3%, closing at the highest point since Oct. 1, 2008.

The S&P 500 index (SPX) gained 8 points, or 0.7%, closing at the highest point since Oct. 2, 2008. The Nasdaq composite (COMP) rose 22 points, or 1%, closing at the highest point since Sept. 19, 2008.

After propelling the market off of 12-year lows hit in March, the S&P 500 has risen 64% as of Friday's close.

"The market has shown some extraordinary strength here, but I think we're moving into a period of greater volatility," said Don DeWaay, CEO at DeWaay Capital Management.

"This market is running a lot more on emotion now, rather than fundamentals," he said.

The Dow closed at a 14-month high Friday after better-than-expected reports on retail sales and consumer sentiment, but broader gains were limited by tech weakness and a strong dollar.

Citigroup: Citigroup said Monday that it will return $20 billion in bailout money to the government through a combination of stock and debt offerings.

Citigroup (C, Fortune 500) said the bulk of the payment will be funded through a $17 billion common stock offering. The company also said Treasury will sell up to $5 billion of the $25 billion in Citigroup common stock it holds shortly, and sell the rest of it over the next year.

Obama: President Obama met Monday with top executives of some of the nation's biggest banks, including JPMorgan Chase (JPM, Fortune 500), Bank of America (BAC, Fortune 500) and Wells Fargo (WFC, Fortune 500).

He said his main message to bankers was that banks received extraordinary assistance during the crisis, and now that the industry is back on its feet, it needs to reciprocate. He is expected to urge bankers to provide greater lending, cut back on bonuses and support financial reform efforts.

Exxon-XTO deal: Dow component Exxon Mobil (XOM, Fortune 500) said it will buy XTO Energy (XTO, Fortune 500) in a $41 billion stock and debt deal that values XTO shares at a 25% premium to its Friday closing price. The deal also includes the assumption of $10 billion in debt.

Exxon shares fell 4% and limited any gains on the Dow. XTO shares rallied 17%.

Dubai: Worries that Dubai might default on billions of dollars in debt rattled world markets at the end of last month. But some of those fears have eased over the last few weeks on signs that any fallout will be limited.

Fears were further soothed Monday after the city-state received $10 billion in financing from Abu Dhabi, another of the United Arab Emirates.

World markets: Overseas markets gained. In Europe, London's FTSE 100 rose 1%, the German DAX rose 0.8% and France's CAC 40 rose 0.7%. Asian markets rose, with the exception of Japan's Nikkei, which was little changed.

Dollar: The dollar slipped versus the euro and the yen, turning lower after the recent rally.

A weak dollar has added to the more than nine-month-old stock rally over the past nine months, giving a boost to dollar-traded commodities, as well as commodity shares and the stocks of companies that do business overseas. But so far in December, the dollar has been mixed or stronger, putting some pressure on stocks.

Commodities: The weak dollar gave a lift to dollar-traded commodities. COMEX gold for February delivery rose $3.90 to settle at $1,123.80 an ounce. Gold closed at an all-time high of $1,218.30 an ounce earlier this month.

U.S. light crude oil for January delivery fell 36 cents to settle at $69.51 a barrel on the New York Mercantile Exchange.

Bonds: Treasury prices were little changed, with the yield on the 10-year note standing at 3.55%, unchanged from late Friday. Treasury prices and yields move in opposite directions.

Market breadth was positive. On the New York Stock Exchange, winners topped losers roughly three to one on volume of 1.08 billion shares. On the Nasdaq, advancers beat decliners two to one on volume of 1.86 billion shares.

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Yahoo! Finance

4:30 pm : Stocks sported solid gains for the entire session as a batch of positive news items brought buyers into action. However, afternoon trade became rather subdued as the stock market entered a familiar sideways drift.

Global indices got an overnight lift from news that Abu Dhabi has supplied Dubai's corporate flagship, Dubai World, with $10 billion. Several weeks ago Dubai World had requested to freeze its debt payments amid a lack of liquidity. By doing so, Dubai World had rekindled concern about the security of global credit markets.

On a related note, Standard & Poor's lowered its foreign currency sovereign credit rating and local-currency credit rating on Mexico. The announcement follows several other downgrades and cautionary comments made by ratings agencies in the last two weeks.

Speculation of a pick up in merger and acquisition activity helped win support for stocks this session. That was caused by a move by ExxonMobil (XOM 69.69, -3.14) to acquire XTO Energy (XTO 47.86, +6.37) in an all-stock transaction valued at $41 billion. Since that values XTO at $51.69 per share, a premium of roughly 25% over its closing price this past Friday, several related plays in the oil and gas exploration industry (+6.4%) garnered support. Integrated oil and gas stocks (-2.1%) fell out of favor, though, and hampered the broader energy sector (+0.2%).

Financials lagged in the early going, but managed to attract buyers as the session progressed and finished with a 0.6% gain. The sector's slow start stemmed from concerns of shareholder dilution at Citigroup (C 3.70, -0.25), which announced it will repay its $20 billion in TARP securities and terminate its loss-sharing agreement with the government with an issue of $17.0 billion of common stock, with an over-allotment option of $2.55 billion, and $3.5 billion of tangible equity units made up of prepaid common stock purchase contracts and subordinated notes. Meanwhile, the Treasury will unwind its approximate 34% stake in the company.

Citigroup's announcement has given rise to speculation that other TARP recipients like Wells Fargo (WFC 25.49, +0.08) and PNC Financial (PNC 53.36, +0.61) may soon announce repayment plans.

Renewed selling pressure against the U.S. dollar took the Dollar Index down 0.3% and provided broad support for stocks. However, the dollar's decline was particularly beneficial to materials stocks, which climbed 1.5% as commodities prices fell to a 1.0% loss, according to the CRB Commodity Index.

Gains were broad for the entire session, but action was a bit choppy in the early going. Things steadied in the afternoon so that stocks could make a solid close, though. Telecom was the only major sector in the S&P 500 to finish with a loss; it declined just 0.1%.

Advancing Sectors: Materials (+1.5%), Industrials (+1.2%), Consumer Discretionary (+0.9%), Health Care (+0.9%), Tech (+0.9%), Financials (+0.6%), Utilities (+0.4%), Consumer Staples (+0.3%), Energy (+0.2%)
Declining Sectors: Telecom (-0.1%)DJ30 +29.55 NASDAQ +21.79 NQ100 +1.0% R2K +1.6% SP400 +1.5% SP500 +7.70 NASDAQ Adv/Vol/Dec 1838/1.86 bln/883 NYSE Adv/Vol/Dec 2268/1.07 bln/780

3:30 pm : Despite weakness in the dollar, which is currently down 0.3% against a basket of foreign currencies, and strength among other key commodities, crude oil was generally out of favor this session. After a couple of attempts to trim losses, contracts closed pit trade with oil priced 0.5% lower at $69.49 per barrel.

Natural gas prices garnered considerable support. Contract prices climbed 3.2% to $5.33 each.

Gold ticked higher after coming off a week of considerable selling pressure. The precious metal settled with a 0.3% gain at $1123.80 per ounce.

Meanwhile, silver prices settled 1.5% higher at $17.34 per ounce.

Thanks to generally broad support for commodities, the CRB Commodity Index is up 1.0%. DJ30 +25.47 NASDAQ +19.82 SP500 +6.92 NASDAQ Adv/Vol/Dec 1719/1.51 bln/977 NYSE Adv/Vol/Dec 2133/779 mln/893

3:00 pm : The broader market continues to drift sideways, but telecom stocks have fallen out of favor. The sector had been up roughly 0.9% at its session high, which was set in the early going, but it now trades with a fractional loss.

Meanwhile, Standard & Poor's just announced that it has lowered its foreign currency sovereign credit rating and local-currency credit rating on Mexico to BBB/A-3 and A/A-1, respectively. The announcement has triggered selling against iShares Mexico (EWW 50.00, +0.26). DJ30 +21.69 NASDAQ +18.08 SP500 +6.29 NASDAQ Adv/Vol/Dec 1699/1.41 bln/1000 NYSE Adv/Vol/Dec 2114/722 mln/885

2:30 pm : The stock market has spent the past hour moving sideways as it holds a steady gain in an afternoon of slow news flow and trade. Without much action to mix things up, the major indices continue to trade with varied gains, which currently range from 0.2% to 0.8%.

Small-caps and mid-caps are currently faring even better. As such, the Russell 2000 is up 1.0% and the S&P 400 is up 1.1%. It was recently announced that Ciena (CIEN 11.04, -0.47) will replace Blyth (BTH 32.96, -0.26) in the S&P 400 and Visa (V 84.14, +2.80) will replace Ciena in the S&P 500. The changes are slated to take place following the close of trading on Friday, Dec. 18.DJ30 +28.49 NASDAQ +18.90 SP500 +7.20 NASDAQ Adv/Vol/Dec 1690/1.29 bln/987 NYSE Adv/Vol/Dec 2117/670 mln/881

2:00 pm : Despite a weak start, diversified banks have ascended to a 1.0% gain and regional banks are now up to a 0.4% gain. Meanwhile, the KBW Bank Index (-0.1%) is still in negative territory as Citigroup (C 3.68, -0.27) creates a drag.

Citigroup has lagged for the entire session amid news that the company intends to issue a common offering to repay TARP. Though Citi is the latest to convince regulators that it can stand on its own, plenty of smaller lenders continue to struggle. According to reports, this past Friday regulators closed three more banks. That brings the total of failed banks this year to 133, according to the FDIC.

FDIC Chairman Bair stated this morning during an interview with CNBC that the FDIC has a strong cash position that will strengthen as it heads into next year. She believes that bank closings will peak next year. DJ30 +29.78 NASDAQ +18.41 SP500 +6.89 NASDAQ Adv/Vol/Dec 1676/1.21 bln/989 NYSE Adv/Vol/Dec 2093/615 mln/895

1:30 pm : Stocks have pulled back since making their way to session highs within the past hour. Still, broader market gains remain strong.

Blue-chips continue to lag, but the Dow has managed to remain within an approximate 50-point range. That range runs from the neutral line, which was touched in the first hour of trade, to its session high of 10511, which is just a few points shy of the Dow's 2009 high.

Airline stocks have been notably weak this session. In turn, the Amex Airline Index currently trades with a 0.7% lossDJ30 +27.44 NASDAQ +18.03 SP500 +6.82 NASDAQ Adv/Vol/Dec 1685/1.12 bln/978 NYSE Adv/Vol/Dec 2090/562 mln/886

1:00 pm : Action has been choppy this session, but stocks have managed to put together some solid gains and make their way to fresh session highs in recent trade. This session's positive tone has come amid a flurry of positive headlines and renewed weakness in the dollar.

News that Abu Dhabi has supplied Dubai's corporate flagship, Dubai World, with $10 billion in financing helped to support several global indices overnight and sent Dubai stocks up more than 10%. Several weeks ago Dubai World had stirred concerns for a relapse in credit markets with a request to freeze its debt payments.

Broad-based buying has ensued and put the Dow within just a few points of its 2009 high.

Financial stocks had been a bit of a drag on the broader market in the early going, but they have since moved from a moderate loss to a solid gain of 0.6%. The sector had been weighed down by diversified financial services stocks like Citigroup (C 3.77, -0.18), which announced plans to issue a share offering to help it repay its TARP funds, while the Treasury will unwind its stake in the company. Though Citi likely loosens the government's harness, existing shareholders will be diluted by the offering.

Given that both Citi and Bank of America (BAC 15.66, +0.03) have now announced plans to repay TARP funds, some expect other beneficiaries of the financial bailout to soon announce their own plans. Media reports point to Wells Fargo (WFC 25.74, +0.33) and PNC Financial (PNC 53.42, +0.67) as examples.

Energy stocks had gained in the early going from speculation of increased merger and acquisition activity amid news that ExxonMobil (XOM 69.67, -3.16) will take over XTO Energy (XTO 47.70, +6.21) in an all-stock transaction valued at $41 billion. However, the sector now lags as weakness in integrated industry players, which are also heavyweights in the market, weigh on the sector.

Per usual, the dollar has been a strong boon for the broader market. The greenback is currently down 0.3% against competing currencies. That has been particularly kind to the materials sector, which is up 1.3%, more than any other major sector, as commodity prices push higher amid the dollar's decline. DJ30 +32.12 NASDAQ +18.98 SP500 +7.55 NASDAQ Adv/Vol/Dec 1696/1.01 bln/962 NYSE Adv/Vol/Dec 2118/514 mln/843

12:30 pm : Treasuries have slowly picked up support this session. The benchmark 10-year Note is now up six ticks so that its yield has eased to 3.53%. Meanwhile, the 30-year Bond is up 16 ticks so that its yield now stands at 4.47%.

The modest gains for Treasuries come amid a break in Treasury auctions and economic data. However, there is plenty of data on tap for later this week. Tuesday brings producer price data and industrial production figures, while Wednesday will be highlighted by the FOMC policy statement, housing starts, and consumer prices. Thursday brings weekly jobless claims figures. There aren't any items for Friday, though. DJ30 +32.50 NASDAQ +17.08 SP500 +7.09 NASDAQ Adv/Vol/Dec 1608/928 mln/1013 NYSE Adv/Vol/Dec 2058/461 mln/880

12:00 pm : The major indices recently worked their way to fresh session highs. Though the Dow has been lagging its counterparts by percentage gained this session, it recently came within just a couple of points of its 2009 high. However, its failure to hold steady near that mark has induced some more selling and caused the blue chip index to surrender some of its recent gain.

Financials have trimmed their losses. Its move from negative territory to the neutral line has helped to perpetuate a more positive mood among broader market participants, who continue to bid stocks solidly higher in broad-based fashion. As such, advancing issues outnumber decliners in the S&P 500 by four-to-one. DJ30 +30.53 NASDAQ +14.15 SP500 +6.46 NASDAQ Adv/Vol/Dec 1565/835 mln/1041 NYSE Adv/Vol/Dec 2021/418 mln/906

11:30 am : The Nasdaq Composite has a slight lead over its counterparts as large-cap tech issues sport handsome gains. Large-cap tech actually lagged late last week.

This session's interest in large-cap tech stems partly from news that Google (GOOG 595.80, +5.29) will expand its reach with a move to market its own phone next year, according to The Wall Street Journal. Though that move could prove to increase competition for the iPhone from Apple (AAPL 195.70, +1.03), shares of AAPL have nonetheless garnered support, thanks to word that analysts at JPMorgan raised their estimates for the stock. DJ30 +28.42 NASDAQ +13.97 SP500 +6.54 NASDAQ Adv/Vol/Dec 1518/705 mln/1039 NYSE Adv/Vol/Dec 1945/363 mln/936

11:00 am : Stocks recently pulled back from their opening levels, but they have since chopped their way higher. The three major indices have yet to return to their morning highs, though.

Financial stocks continue to trail the broader market. The sector trades with a 0.3% loss after a recent upturn. Citigroup (C 3.77, -0.18) has caused a considerable drag on the sector. The financial giant announced this morning that it intends to issue a share offering, which will prove dilutive to existing shareholders, in order to help it repay its TARP funds.

Retailers have also struggled to keep up with the broader market this session. As a group, retailers are up just 0.1%. Amazon.com (AMZN 130.46, -3.69) has been a primary drag on the group; it was mentioned negatively in a recent edition of Barron's. Its shares are down to their lowest levels of this month at the moment. DJ30 +19.35 NASDAQ +11.25 SP500 +5.01 NASDAQ Adv/Vol/Dec 1455/558 mln/1077 NYSE Adv/Vol/Dec 1879/312 mln/998

10:30 am : The US Dollar Index remains in negative territory and has ticked lower in recent trade, which provided some price support in most commodities.

January crude oil traded in negative territory overnight and pushed into positive territory for the first time this session minutes before pit trading began and is off its overnight low of $68.59 per barrel. Crude is currently four cents higher at $69.91 per barrel.

In natural gas futures, the January contract traded in the black overnight and this morning remains just off morning highs of $5.409 per MMBtu. In current action, natural gas is trading 3.5% higher at $5.345 per MMBtu.

February gold spent most of the overnight session in positive territory and after dipping into the red briefly, the precious metal is back modestly higher again, currently up 0.2% at $1123.10 per ounce. March silver has been in positive territory the entire session, but has modestly pulled back off its session highs of $17.405 per ounce. Currently silver is 1% higher at $17.275 per ounce.DJ30 +17.46 NASDAQ +7.15 SP500 +4.31 NASDAQ Adv/Vol/Dec 1247/449.9 mln/1200 NYSE Adv/Vol/Dec 1730/243.5 ml;n/1088

10:00 am : The materials sector has extended its early-session advance to a 1.1% gain. The advance comes as commodity prices make their way higher -- the CRB Commodity Index is currently up 0.6% -- as the U.S. dollar slides to a 0.2% loss against competing currencies.

Oil prices have rebounded from a 1% loss in early pit trade to a modest gain so that contracts now price the commodity at $69.90 per barrel. The upward move hasn't done much for the energy sector, though; energy stocks, as a group, are up 0.4%, which is on par with the broader market's current gain.

Oil and gas exploration companies are faring quite well, however. The group is up 6.0% amid strength in XTO Energy (XTO 48.14, +6.65), which has benefited from an all-stock takeover by Exxon Mobil (XOM 70.11, -2.72). The overall transaction is valued at $41 billion and values XTO at $51.69 per share, which is a premium of roughly 25% over its closing price this past Friday.

Early movers: Trading up -- CAMD +52.5%, LUNA +42.2%, SNSS +29.7%, XTO +17.6%, HNSN +9.7%, CLDX +9.1%, JAVA +9%, CSA +8.8%, RRC +8.5%, COG +7.3%, PRLS +7.3%, GDP +7.3%, CHK +7%; Trading down -- LYG -28.5%, TRA -19%, TWI -8.1%, MBI -5.7%, C -4.1%

Advancing Sectors: Materials (+1.1%), Industrials (+1.0%), Health Care (+1.0%), Telecom (+0.6%), Tech (+0.5%), Energy (+0.4%), Consumer Staples (+0.4%), Consumer Discretionary (+0.3%), Utilities (+0.3%)
Declining Sectors: Financials (-0.4%)DJ30 +19.80 NASDAQ +9.17 SP500 +4.34 NASDAQ Adv/Vol/Dec 1347/310 mln/1017 NYSE Adv/Vol/Dec 1782/170 mln/957

09:45 am : Financials lag the broader market in the first few minutes of trade. The sector currently trades with a 0.5% loss; it is the only major sector currently in negative territory. Its weakness stems largely from pressure against diversified financial services stocks, which are down 1.0%.

Amid the broader market's early strength, industrial stocks and materials stocks are sporting some of the best gains. The two sectors are each up 0.8%. DJ30 +26.83 NASDAQ +10.67 SP500 +5.01 NASDAQ Adv/Vol/Dec 1365/212 mln/917 NYSE Adv/Vol/Dec 1819/123 mln/852

09:15 am : S&P futures vs fair value: +8.30. Nasdaq futures vs fair value: +11.80. Participants have bid up stock futures so that a positive start to the session looks to be in order. Their support stems from news that Abu Dhabi has supplied Dubai's Dubai World with $10 billion in financing, which will help the corporate flagship meet certain immediate financial obligations and also ease concern regarding its recent need to renegotiate other debt obligations to creditors. After days of speculation by market watchers and media sources, Citigroup (C) unveiled a plan to raise capital to repay its TARP funds. Since the announcement was widely expected and the company's stock issue will prove dilutive, shares of the financial giant are under pressure ahead of the opening bell. Meanwhile, Exxon Mobil (XOM) announced it will acquire XTO Energy (XTO) in an all-stock transaction that values XTO at a 25% premium to its closing price this past Friday. Though oil prices are down in early pit trade, several energy plays have garnered support amid speculation for further merger and acquisition activity in the sector.

09:00 am : S&P futures vs fair value: +7.50. Nasdaq futures vs fair value: +11.80. The Dollar Index has made its way up from its morning low so that it now trades with a 0.1% loss. Gold prices continue to trade with a slight gain at $1119.00 per ounce, but oil prices are down a considerable 1.2% to $69.05 per barrel in the first few minutes of pit trade. Energy stocks have also come into additional focus amid news that XTO Energy (XTO) will be acquired by Exxon Mobil (XOM) in all stock deal valued at $41 billion, or shares of XTO at roughly $51.69 per share, which is a premium of roughly 25% from XTO's closing price this past Friday.

08:35 am : S&P futures vs fair value: +7.90. Nasdaq futures vs fair value: +11.50. Stock futures for the S&P 500 continue to trade with strength, while Europe's major averages also sport gains. Buying in Germany has the DAX up 1.0%. Favortism has been shown for Daimler (DAI) and E. On AG. Bayer is a primary laggard, though. In France, the CAC is up 0.6%. AXA (AXA) is a primary leader after an article in Barron's portrayed the stock in positive light. Total (TOT) was downgraded by analysts at Barclays, but the stock still sports a modest gain. Meanwhile, Britain's FTSE is up 1.0%. Its banking outfits HSBC (HBC) and Standard Charter are up with healthy gains, but participants also support energy plays BP PLC (BP) and Royal Dutch Shell (RDS.A). In economic news, the Associated Press reported that output in the euro zone fell 0.6% in October. In Asia, Japan's Nikkei closed flat. Mitsubishi UFJ Financial (MTU) weighed on trade amid expectations for a 1 trillion yen share sale. In Hong Kong, the Hang Seng closed with a 0.8% gain. Banks led the way after Dubai said it had received $10 bln from fellow United Arab Emirates member Abu Dhabi. That news soothed concern about fallout from Dubai's debt debacle at many of the major global indices. The MSCI Asia Pacific Index closed 0.5% higher, while mainland China's Shanghai Composite climbed 1.7%.

08:00 am : S&P futures vs fair value: +7.60. Nasdaq futures vs fair value: +10.50. Broad-market stock futures currently sport a healthy lead over fair value as the Dollar Index trades with a 0.2% loss, but shares of financial giant Citigroup (C) were last quoted down 2.5% at $3.85 per share in premarket trade. Citi announced this morning that it has reached an agreement to repay its $20 in billion TARP securities and to terminate its loss-sharing agreement with the government. To do so, Citi will issue $17.0 billion of common stock, with an over-allotment option of $2.55 billion, $3.5 billion of tangible equity units made up of prepaid common stock purchase contracts and subordinated notes. The Wall Street Journal reported that Abu Dhabi supplied $10 billion in financing to Dubai's corporate flagship, Dubai World. Dubai World had entered into renegotiations with creditors during recent weeks as it struggled to remain current on its payments. There aren't any economic releases scheduled for today, so participants will start to turn their attention toward the latest FOMC policy statement, which is scheduled for Wednesday afternoon.

06:31 am : S&P futures vs fair value: +7.40. Nasdaq futures vs fair value: +10.30.

06:31 am : Nikkei...10105.68...-2.20...0.00. Hang Seng...22085.75...+183.60...+0.80%.

06:31 am : FTSE...5301.28...+39.50...+0.80%. DAX...5801.51...+39.90...+0.80%.

M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
Go Back To TheStrategyLab.com Homepage


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