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 Post subject: December 24th Thursday 2009 Emini ES ($ES_F) - No Trades
PostPosted: Sun Dec 27, 2009 9:14 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
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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=411

Quote:
Today is christmas eve and wanted to spend it with my family instead of watching the markets. Merry Christmas everybody and a Happy New Year 2010.


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: +0.00 Emini ES ($ES_F) points "No Trades"

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

Stocks End At New 2009 Highs
By Ben Rooney, staff reporter
December 24, 2009: 2:21 PM ET

NEW YORK (CNNMoney.com) -- Stocks ended a holiday-shortened session higher Thursday, with indexes climbing to new highs for the year after upbeat reports on the labor market and durable goods orders fueled optimism about the economic recovery.

The Dow Jones industrial average (INDU) rose 53 points, or 0.5%. The S&P 500 index (SPX) rose 6 points, or 0.5%. Both gauges are at the highest level since the first week of October 2008. The Nasdaq composite (COMP) gained 16 points, or 0.7%, to the highest level since Sept. 3, 2008.

Stocks have risen for five days, and all three indexes posted gains for the week. The Dow posted a 0.5% weekly gain, while the S&P rose 1.8%. The Nasdaq added 4.3% last week.

The advance came amid low trading volumes with the market closing three hours early ahead of the Christmas holiday. The stock exchange will remain dark Friday.

Stocks opened higher after the government said the number of Americans filing first-time claims for unemployment fell more than expected last week. A separate report showed orders for durable goods outside of the transportation sector surged last month.

"Today is about as quiet as it gets and you still have the S&P making a new yearly high," said Art Hogan, chief market analyst at Jefferies & Co. "This is a market that's focusing on what next year is going to look like."

Stocks were also supported by rising oil prices, which lifted shares of energy companies. Gold prices rose as the dollar softened against the euro.

"The strong commodity complex continues to be a driver of the market," Hogan said.

Technology stocks continued to lead gainers. Shares of Apple Inc. (AAPL, Fortune 500) rose to a record trading high of $209.35 amid rumors the consumer electronics giant could release a new tablet computer in January.

Meanwhile, investors shrugged off the Senate's 60-39 vote to pass the health care bill, which was widely expected to be approved. The Senate also passed a $290 billion increase to the amount of debt the Treasury is permitted by law to have, raising the debt ceiling to $12.394 trillion from $12.104 trillion.
Dow 10,000: It Ain't What It Used to Be

The gains came near the end of a strong year for the stock market. After bottoming at 12-year lows in March, stocks have rallied broadly as a flood of government stimulus money has helped the economy emerge from one of the deepest recessions on record.

For the year, the major indexes are all on track to post double-digit percentage gains. The Dow has gained over 19% so far this year, while the S&P 500 is up about 24% year to date. The Nasdaq has been the best performer of 2009, climbing about 44%.

Peter Cardillo, chief market economist for Avalon Partners, said he expects the market to continue drifting higher next week, a time of year when stocks traditionally perform well.

"The Santa rally is going to continue," he said.

Investors will have few economic indicators to set the tone for next week's abbreviated schedule. The stock exchange will be shuttered Friday for the New Year's Day holiday, and many traders will take the entire week off.

Among the reports due out next week: the S&P Case-Shiller home price index for October, a report on consumer confidence in December, and the government's weekly jobless claims data.

Analysts say trading could be choppy next week with market volumes expected to be thin. While many big investment funds have closed their books for the year, some traders may be in the market next week ahead of what is expected to be a strong month of January for stocks.

Economy: A government report showed the number of Americans filing first-time claims for unemployment insurance fell by 28,000 last week to 452,000 initial claims.

The tally was much better than expected. Economists surveyed by Briefing.com had forecast the number of first-time filers to fall to 470,000 from the previous week's 480,000 new claims.
0:00 /1:33Small banks struggle for survival

Separately, the Commerce Department released its report on durable goods orders, showing a gain of 0.2% in November which fell short of market expectations.

Economists had projected that new orders for long-lasting manufactured goods rose 0.4% in November after a decline of 0.6% the previous month.

Excluding transportation, however, durable goods orders surged 2%, far exceeding the 1% rise economists had expected.

Overall, the durable goods report is a "good sign" for the economy, Hogan said. "The headline number is extremely volatile, but when you take out the transportation part, you have improvement on sequential basis."
3 ways to invest a $50,000 windfall

World markets: Asian markets posted gains for the day. Japan's Nikkei average rose 1.5% to close at its highest level since late September. European indexes closed higher, with London's FTSE gaining 0.5%.

Bonds: The price of the benchmark 10-year note fell, driving the yield up to 3.8%.

Money and oil: The dollar was mixed against major currencies. It was down versus the euro, but edged up against the yen and the UK pound.

Crude oil rose 58 cents to end at $77.25 a barrel. This is after strong gains on Wednesday, on a report showing that crude supplies fell more than twice as much as analysts projected, for the second week in a row.

Gold for February delivery rose $10 to settle at $1,104 per ounce.

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Yahoo! Finance

1:00 pm : The major indices posted modest gains to close at fresh 52-week highs following a holiday-shortened session in extremely light volume.

Thursday marked an extremely slow session, as expected, as many market participants were off their desks as they took an extended weekend ahead of Christmas. A total of 287 mln shares exchanged hands on the NYSE, well below the one year average of 1.4 bln. Buying interest was broad-based, with nine of the 10 sectors posting a gain. Tech outperformed with a gain of 1.0%, while healthcare underperformed, closing near the unchanged mark.

There was a dearth of corporate items, but there were two key economic releases.

On a positive note, weekly initial jobless claims dropped by a larger-than-expected amount to 450,000 from 480,000 in the prior week. This beat the consensus estimate of 470,000 and was the lowest level since fall 2008. While the labor market remains weak, the trend in jobless claims has been heading in the right direction.

Separately, November durable goods orders rose 0.2% month-over-month, which was worse than the economist consensus of 0.5%. But durable goods orders excluding aircraft rose 2.0% month-over-month, which was better than consensus of 1.1%. The latter data point also saw a positive revision to a decrease of 0.7% compared to the original reading that showed a decline of 1.3%.

As a reminder, the market is closed Friday for Christmas.DJ30 +54.03 NASDAQ +16.05 SP500 +5.86 NASDAQ Adv/Vol/Dec 1645/597 mln/932 NYSE Adv/Vol/Dec 2141/287 mln/781

12:30 pm : Stocks trade near session highs. Treasuries continue to trade lower, with the 10-year note down 11 ticks to 3.79%. The note started the week at 3.54%.DJ30 +43.08 NASDAQ +12.94 SP500 +4.59 NASDAQ Adv/Vol/Dec 1565/460 mln/1018 NYSE Adv/Vol/Dec 2036/207 mln/848

11:55 am : The Nasdaq climbs to a fresh session high as tech continues to outperform.DJ30 +46.70 NASDAQ +13.78 SP500 +4.79 NASDAQ Adv/Vol/Dec 1526/380 mln/1027 NYSE Adv/Vol/Dec 1995/176 mln/861

11:30 am : The major indices trade in a very tight range.

Nine of the ten sectors are posting a gain, led by tech and materials, both up 0.7%. Healthcare is underperforming with a loss of 0.3%.DJ30 +39.75 NASDAQ +10.99 SP500 +3.92 NASDAQ Adv/Vol/Dec 1415/321 mln/1070 NYSE Adv/Vol/Dec 1892/153 mln/937

10:55 am : Stocks have ceased ascending and are trading about in the middle of this session's range. The major indices continue to post modest gains.DJ30 +41.49 NASDAQ +11.04 SP500 +4.10 NASDAQ Adv/Vol/Dec 1412/250 mln/993 NYSE Adv/Vol/Dec 1873/119 mln/887

10:30 am : The major indices climb to fresh session highs thanks to broad-based buying interest. At the same time, Treasuries have slipped a bit, with the 30 year bond down 22 ticks to yield 4.65%.DJ30 +42.47 NASDAQ +11.20 SP500 +4.57 NASDAQ Adv/Vol/Dec 1443/182 mln/864 NYSE Adv/Vol/Dec 1946/91 mln/744

09:55 am : Trade remains slow as the major indices stick near the unchanged mark. The dollar continues to pare losses, with the index now down just 0.1%. Meanwhile, commodities are trading higher, with oil up 0.5%, gold up 0.8% and the CRB Index advancing 0.4%.DJ30 +19.27 NASDAQ +7.54 SP500 +2.97 NASDAQ Adv/Vol/Dec 1341/95 mln/802 NYSE Adv/Vol/Dec 1830/56 mln/718

09:40 am : Stocks open slightly higher, as futures indicated. All ten sectors are posting a gain, though none are veering much from the unchanged mark -- the largest gainer is financials, up 0.6%.DJ30 +22.69 NASDAQ +5.71 SP500 +3.18

09:13 am : S&P futures vs fair value: +2.20. Nasdaq futures vs fair value: +5.30. Stock futures suggest a flat to slighter higher start to the holiday-shortened session.

08:52 am : S&P futures vs fair value: +2.20. Nasdaq futures vs fair value: +5.30. Trade remains subdued, with the major indices sticking to extremely tight trading ranges. The dollar index is trading lower, down 0.3%, which is a slight improvement from this sessions low.

08:30 am : S&P futures vs fair value: +2.50. Nasdaq futures vs fair value: +5.00. Stock futures have a limited reaction as the durable goods orders and jobless claims readings are released. Initial jobless claims came in at 452K, which was better then the consensus of 470,000. Meanwhile, November durable goods orders rose 0.2% m/m(consensus +0.5%) and durable goods orders ex transportation rose 2.0% m/m (consensus +1.1%).

07:56 am : S&P futures vs fair value: +2.10. Nasdaq futures vs fair value: +5.50. Stock futures suggest a slightly higher start ahead of the opening bell of the holiday-shortened session. It is expected to be a slow session as many market participants have taken the day off. There has not been much in terms of corporate data, although two economic releases are due at 8:30ET. Weekly initial jobless claims are expected to slip 10,000 to 470,000 and durable goods orders are expected to show a rise of 0.5% in November. Meanwhile, Reuters reported that the Senate has approved its healthcare overhaul, as expected, and now the Senate must reconcile its version with the House version in January.

06:33 am : S&P futures vs fair value: +3.10. Nasdaq futures vs fair value: +7.00.

06:33 am : Nikkei...10536.92...+158.90...+1.50%. Hang Seng...21517.00...+188.30...+0.90%.

06:33 am : FTSE...5386.88...+14.60...+0.30%. DAX...Holiday.......

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