TheStrategyLab.com Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
It is currently Thu Mar 28, 2024 1:36 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: December 18th Friday 2009 Emini ES ($ES_F) points +12.50
PostPosted: Fri Dec 18, 2009 5:09 pm 
Offline
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Image

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=407

Quote:
I wanted to take it easy today to do very little trading in an effort to re-energize. Only two trades today with the first one being real money and the second one being via the simulator...both profitable. However, my broker profil/loss blotter below is only for the real money trade. With that said, statistically today was suppose to be a low volatility range day but a few global events (news) change that between 0500am - 1015am est. That's the thing about stats...news events easily change what you expect which is why we as traders should always be prepare to expect the unexpected. Anyways, I traded today via the 15min and 60min chart interval which is normal for me when I need to slow down my trading and/or reduce my number of trade opportunities. Today's trade opportunity I missed due to still being in bed occurred around 0530am est as a Short Signal that occurred within a WRB S/R Zone (key change in supply/demand) from Dec 16th Weds @ 2215pm est. The entry price for the missed Short signal today would have been @ 1100.75 and the exit price would have been until a bullish trade signal appear which did happen around 12noon est @ 1090.75 as a picture perfect trade but we all know that hindsight analysis is alway much better than real money trading.


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: +12.50 Emini ES ($ES_F) points

Attachment:
121809wrbtraderPnLBlotterProfit.png
121809wrbtraderPnLBlotterProfit.png [ 32.66 KiB | Viewed 1553 times ]

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

Stocks Manage Gains In Volatile Session
By Julianne Pepitone, staff reporter
December 18, 2009: 4:09 PM ET

NEW YORK (CNNMoney.com) -- Stocks ended higher Friday, with technology shares leading the rebound, amid heavy volume on a day of contract expirations and little economic news.

The Dow Jones industrial average (INDU) gained 28 points, or 0.3%, according to early tallies. But the blue-chip index, which reversed course several times throughout the session, ended the week only 0.6% lower. The S&P 500 index (SPX) rose 7 points, or 0.6%. The Nasdaq composite (COMP) added 32 points, or 1.5%.

"Traders are pretty much done with 2009," said Charlie Smith, analyst at Fort Pitt Capital Group.

He added that trading would likley remain choppy for the last couple of weeks of 2009, barring major geopolitical news or the passage of new U.S. health care legislation.

"Unless we hear talk of another major country's credit being downgraded, we'll see this choppy flow in and out for the next few weeks," Smith said.

Volatility had been expected Friday because of quadruple witching -- a quarterly event in which stock index futures and options, as well as individual stock futures and options, all expire simultaneously.

Tech shares were the standout, boosted by upbeat earnings reports after the closing bell Thursday from Oracle and Research in Motion.
Are things really getting better?

Philip Isherwood, equities strategist at Evolution Strategies in London, said the markets would likely remain "thinned out" and "pretty lifeless" ahead of the Christmas holiday.

Stocks finished lower Thursday after Greece received another credit downgrade and the dollar surged against the euro to its highest level since September. The greenback jumped on the Federal Reserve's announcement the previous day to leave interest rates unchanged near 0%.

Companies: Oracle (ORCL, Fortune 500), the world's No. 2 business software maker, reported earnings per share of 39 cents, beating the forecast of 36 cents. Oracle shares were up 6.6% Friday.

Research in Motion (RIMM) posted a big jump in profit and boosted its outlook. The Blackberry maker's earnings rose to $1.10 per share, from 69 cents a year earlier. Shares were up 10.3%.

But smartphone maker Palm (PALM) reported a wider-than-expected loss of 37 cents per share in its second fiscal quarter.

Nike (NKE, Fortune 500) reported its earnings fell to 76 cents in the second fiscal quarter from 80 cents per share a year earlier.

Pepsi (PEP, Fortune 500) announced late Thursday that it will not advertise in this season's Super Bowl. The beverage giant has advertised the past 23 years, and was among the top four advertisers during last season's game.

Other markets: Stocks in Asia and Europe finished slightly lower. The dollar was lower against the euro and the pound Friday, but higher versus the yen.

Crude oil for January delivery gained 71 cents to settle at $73.36, while gold for February delivery jumped $4.10 to close at $1,111.50.

Bonds were lower, with the benchmark 10-year bond yield rising to 3.52% from 3.48% late Thursday.

Market breadth was mixed: On the New York Stock Exchange, winners beat losers five to four on volume of 1.2 billion shares. On the Nasdaq, advancers topped decliners three to two on volume of 1.5 billion shares.

Image

Yahoo! Finance

3:30 pm : Commodities had a generally solid session in the face of a stronger dollar, which actually made its way to a new three-month high against competing currencies. The greenback has since pulled back to trade flat, though.

Oil prices logged a 0.4% gain to close pit trade at $72.93 per barrel. Meanwhile, natural gas prices climbed 0.2% to $5.78 per contract.

Precious metals were solid performers as gold gained 0.7% to settle at $1114.60 per ounce and silver settled 0.7% higher at $17.32 per ounce.

The CRB Commodity Index is currently flat. DJ30 -16.70 NASDAQ +21.93 SP500 +2.53 NASDAQ Adv/Vol/Dec 1528/1.96 bln/1152 NYSE Adv/Vol/Dec 1538/1.49 bln/1462

3:00 pm : The stock market heads into the final hour of trade stuck in a sideways drift that has left it holding on to a modest gain. Should current levels hold steady, the S&P 500 will close with a weekly loss of roughly 0.6%. That would make for the stock market's worst weekly performance in seven weeks. Still, stocks are up some 6% during that time.

Several sectors have underpinned that healthy move. Consumer discretionary stocks, health care, industrials, and utilities have all advanced by roughly 10% or more in the last seven weeks. DJ30 +2.65 NASDAQ +25.23 SP500 +4.49 NASDAQ Adv/Vol/Dec 1556/1.79 bln/1101 NYSE Adv/Vol/Dec 1613/1.36 bln/1371

2:30 pm : The Dow has eased back into negative territory as strength among blue chips fades. However, strength among large-cap tech continues to help the Nasdaq Composite outperform its counterparts. Large-cap tech has also supported the Nasdaq 100, which is up to a 1.4% gain.

Interest has been moderate for small-cap stocks and mid-cap stocks this session. They are up 0.4% and 0.2%, respectively. DJ30 -5.37 NASDAQ +23.43 SP500 +3.43 NASDAQ Adv/Vol/Dec 1490/1.69 bln/1156 NYSE Adv/Vol/Dec 1500/1.30 bln/1466

2:00 pm : Stocks are taking a bit of a breather after making a strong run from negative to positive territory -- within less than two hours the S&P 500 tacked on 0.6% as it climbed out of the red to its afternoon high.

Meanwhile, the dollar has halved its recent gains so that now trades just 0.2% into positive territory. The pullback has helped prop up commodities and send the CRB Commodity Index to a 0.1% gain after it had been down as much as 0.7%.

Treasuries have come under increased pressure this afternoon. Early interest in stocks had already put the benchmark 10-year Note into the red, but it has since extended its slide so that it now trades 15 ticks lower. DJ30 +5.74 NASDAQ +23.44 SP500 +4.08 NASDAQ Adv/Vol/Dec 1540/1.58 bln/1103 NYSE Adv/Vol/Dec 1542/1.24 bln/1422

1:30 pm : All three major indices are now back in positive territory. Tech stocks and financial stocks have provided the most support; the two sectors are up 1.4% and 1.0%, respectively. Those gains have been especially helpful to the broader market since they combine for nearly 35% of the weight in the S&P 500.

Consumer staples stocks continue to lag, though. The sector is down with a 0.7% loss; it is the only major sector currently in negative territory.

Trading volume is exceptionally robust this session. Nearly 1.2 billion shares have already traded hands on the NYSE. That's on par with the 50-day moving average for total trading volume in a single session. DJ30 +16.10 NASDAQ +25.92 SP500 +5.14 NASDAQ Adv/Vol/Dec 1569/1.49 bln/1057 NYSE Adv/Vol/Dec 1604/1.19 bln/1356

12:55 pm : The S&P 500 opened on a high note in the wake of better-than-expected earnings from several widely held companies, but quickly came under selling pressure, briefly falling into negative territory. The stock market is currently posting a modest gain thanks to strength from several large cap tech names.

There aren't any economic announcements today, but trading volume has still been heavy due to the quadruple witching expirations.

Over one billion shares have already exchanged hands on the NYSE, versus the last 30-day average of 1.2 bln... Eight of the 10 sectors are trading higher, with notable strength in the tech sector (+1.1%).

With regard to earnings, Oracle (ORCL 24.34, +1.46) is posting a solid gain after topping quarterly earnings estimates, and Research In Motion (RIMM 66.93, +6.47) is strong after also beating expectations. As a result, the tech sector is outperforming, with the Nasdaq getting an added boost since the index includes RIMM, while the S&P 500 does not.

Meanwhile, Accenture (ACN 41.35, -0.31), and Nike (NKE 64.72, +1.47) beat analysts' earnings expectations for the latest quarter. DJ30 -0.53 NASDAQ +21.62 SP500 +3.05 NASDAQ Adv/Vol/Dec 1347/1.33 bln/1232 NYSE Adv/Vol/Dec 1375/1.08 bln/1558

12:30 pm : The S&P 500 has returned to postitive ground, though it remains well off its opening high. The Nasdaq continues to outperform.DJ30 -8.13 NASDAQ +19.88 SP500 +2.32 NASDAQ Adv/Vol/Dec 1286/1.2 bln/1289 NYSE Adv/Vol/Dec 1248/1.03 bln/1682

12:00 pm : The S&P 500 remains mired in negative territory with a fractional loss. Still, the decline has been broad based as seven of the 10 major sectors are now in the red.

Losses are steepest among consumer staples stocks, which are now down 1.2%. Campbell Soup Co (32.71, -0.60) has been a primary drag on the sector this session.

Meanwhile, tech continues to fare the best this session. The sector is up 0.8%. Financials (+0.3%) and energy (+0.2%) make up the only other two sectors to sport gains. DJ30 -25.01 NASDAQ +14.04 SP500 -0.73 NASDAQ Adv/Vol/Dec 1278/1.17 bln/1273 NYSE Adv/Vol/Dec 1233/992 mln/1680

11:30 am : The Dow and S&P 500 have both fallen to a loss. Meanwhile, the Nasdaq has managed to hold out in positive territory amid continued strength in shares of large-cap tech.

Tech has also provided a boon to the broader market, though. Given that tech is the largest sector in the S&P 500 by market weight and is up 0.8%, the stock market's move into the red has been mild. Still, the stock market had been up 0.7%. DJ30 -33.03 NASDAQ +13.05 SP500 -0.48 NASDAQ Adv/Vol/Dec 1260/1.05 bln/1265 NYSE Adv/Vol/Dec 1236/950 mln/1642

11:00 am : Stocks have gone on the retreat as the Dollar Index surpasses its marks from the previous session to make its way to a fresh three-month high. The Dollar Index is currently up 0.4%.

The greenback's gain has also undercut commodities and sent the CRB Commodity Index to a 0.2% loss.

Weakness in the broader market and commodity space made materials stocks the worst performers during the previous session. The sector is back on the slide as it currently contends with a 0.2% loss.DJ30 +3.85 NASDAQ +14.65 SP500 +2.29 NASDAQ Adv/Vol/Dec 1286/908 mln/1196 NYSE Adv/Vol/Dec 1422/859 mln/1401

10:30 am : January crude oil and January natural gas spent most of their overnight and morning sessions trending higher. Crude hit session highs just over an hour ago at $74.69 per barrel and has since pulled back modestly off those highs. Currently, crude is trading 1.5% higher at $73.74 per barrel. Natural gas lost its momentum before crude did as it pulled back off its $5.926 per MMBtu high hit this morning. Nat gas is currently 0.7% higher at $5.818 per MMBtu.

Overnight, February gold chopped around the unchanged line, while March silver traded higher as the US Dollar Index spent most of today session in negative territory. Silver dipped in the red for a moment around the open of pit trading, but has since recovered and is trading back near session highs of $17.39 per ounce. Currently, silver is 0.8% higher at $17.325 per ounce, while gold is $1.40 lower at $1106 per ounce.DJ30 +20.56 NASDAQ +19.81 SP500 +4.13 NASDAQ Adv/Vol/Dec 1481/753.7 mln/935 NYSE Adv/Vol/Dec 1593/771.8 mln/1201

10:00 am : A recent pullback by the greenback, which is now down to a 0.1% loss against competing currencies, helped stocks make a strong upswing from their opening levels. However, the major indices have since run into some selling pressure. Their overall gains remain healthy, though.

Consumer staples stocks are lagging considerably behind the broader market this morning. The sector is down 0.5% as the likes of Walgreens (WAG 36.18, -1.13) and CVS (CVS 30.88, -0.32) come under a stiff bout of selling pressure.

Early movers: Trading up -- IHR +74%, SENO +30.4%, SMOD +16.2%, TTWO +15.3%, RIMM +11.4%, DAN +7.2%, DEER +7%, CELG +7%; Trading down -- PALM -12.7%, ZLC -11.9%, LDK -10.5%, AEZ -9.6%, MYRX -9.2%, CECO -8.5%

Advancing Sectors: Tech (+1.1%), Energy (+0.9%), Utilities (+0.8%), Telecom (+0.7%), Materials (+0.6%), Financials (+0.5%), Consumer Discretionary (+0.4%), Industrials (+0.4%), Health Care (+0.3%)
Declining Issues: Consumer Staples (-0.5%)DJ30 +38.47 NASDAQ +23.89 SP500 +5.61 NASDAQ Adv/Vol/Dec 1598/586 mln/711 NYSE Adv/Vol/Dec 1759/684 mln/909

09:45 am : The major indices are sporting varied gains in the first few minutes of action amid heavy trading volume, which has already exceeded a half-billion shares.

The broad-based S&P 500 is currently led by the energy sector, which is up 0.9% with help from oil and gas exploration companies (+1.4%) amid a 2.4% increase in oil prices to $74.35 per barrel.

Meanwhile, the Nasdaq has a healthy lead over its counterparts, thanks to strength among large-cap tech players in the wake of better-than-expected earnings results from Oracle (ORCL 24.44, -1.56) and Research In Motion (RIMM 71.02, +7.56).

The Dow's gains, though relatively moderate at the moment, are broad-based as all 30 of its members trade with gains. DJ30 +40.66 NASDAQ +17.48 SP500 +5.26 NASDAQ Adv/Vol/Dec 1529/457 mln/678 NYSE Adv/Vol/Dec 1758/618 mln/847

09:15 am : S&P futures vs fair value: +5.30. Nasdaq futures vs fair value: +11.80. Several widely-held companies posted better-than-expected earnings last evening to help encourage buyers to return to action after stocks slid sharply in the previous session. However, the dollar's move from negative territory to a slight gain has tempered what was already a modestly positive mood among participants. The greenback's gain hasn't undercut oil prices, though; crude contracts currently price oil 2.5% higher at $74.50 per barrel in early pit trade. Though there aren't any pieces of data to act as trading catalysts this session, action should still be interesting since it marks the last quadruple witching options expiration of this year. However, such action is less likely to be telling of broader market direction since traders are primarily concerned with squaring their positions.

09:00 am : S&P futures vs fair value: +5.70. Nasdaq futures vs fair value: +12.00. The Dollar Index has made its way to a 0.2% gain, but oil prices have put together a solid start to pit trade. Oil prices were last quoted 1.8% higher at $73.95 per barrel. Gold prices are under a bit of pressure, though. They yellow metal is currently down 0.2% to $1104.50 per ounce. Meanwhile, stock futures have also eased off of their morning highs, but they continue to point to a modestly higher start.

08:30 am : S&P futures vs fair value: +6.90. Nasdaq futures vs fair value: +12.00. Gains are mixed in Europe amid news that German business confidence climbed more than expected in December, based on the latest Ifo survey. Meanwhile, separate reports indicated that the Bank of England said that the financial sector looks in much better shape than it did six months ago. However, the BoE cautioned that its extraordinary policy stimulus from recent months could not last forever and that banks needed to do more to reduce the mismatch between long-term assets and short-term funding. Deutsche Bank (DB) is a primary laggard in Germany and Commerzbank is down, too. The broader German bourse has still made its way to a healthy 0.8% gain, though. E.On is a primary leader. In France, the CAC is up 0.2%. Financial players Credit Agricole, BNP Paribas, AXA (AXA), and Societe Generale are under considerable pressure, but Sanofi-Aventis (SNY) is currently a source of strength. Meanwhile, Britain's FTSE is up 0.5%. Natural resource plays BP PLC (BP) and BHP Billiton (BHP) are in favor, but Barclays (BCS), Lloyds Group (LYG), and Royal Bank of Scotland (RBS) have cast a heavy weight on the broader market. Reports of a December decline in British consumer confidence hasn't helped the mood of participants. In Asia, the MSCI Asia Pacific Index slipped 0.3%, while Japan saw its Nikkei ease back 0.2%. Banks pulled back amid an announcement of stricter capital rules. However, stocks were able to trim losses after Japan's central bank kept its benchmark interest rate at 0.1% and said it would not tolerate deflation. Moreovever, it pledged to keep accommodative monetary conditions. Mizuho Financial (MFG) and Sumitomo Mitsui Financial Group both fell considerably. In Hong Kong, the Hang Seng fell 0.8%. Banks were also a drag on it. Accordingly, HSBC (HBC) fell from favor. In mainland China, the Shanghai Composite closed with a 2.1% loss.

08:00 am : S&P futures vs fair value: +8.50. Nasdaq futures vs fair value: +193.80. Oracle (ORCL), Research in Motion (RIMM), Accenture (ACN), and Nike (NKE) all topped analysts' earnings expectations for the latest quarter. That has helped to prop up broader market stock futures in the face of lackluster action overseas. The dollar hasn't offered any meaningful support this morning, though it hasn't been a detractor either; it is currently down fractionally against a basket of foreign currencies. There aren't any economic announcements to act as catalysts today, but trading volume should still be heavy given the quadruple witching options expiration -- the last of this year. While expiration trading will likely lead to heavy volume, it is difficult to take any broad-market directional cues from the event since traders are primarily concerned with squaring their positions.

06:18 am : S&P futures vs fair value: +9.70. Nasdaq futures vs fair value: +15.80.

06:18 am : Nikkei...10142.05...-21.80...-0.20%. Hang Seng...21175.88...-171.80...-0.80%.

06:18 am : FTSE...5272.23...+54.60...+1.10%. DAX...5885.38...+41.00...+0.70%.

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


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr