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 12:04 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: January 5th Tuesday 2010 Emini ES ($ES_F) points +5.25
PostPosted: Tue Jan 05, 2010 8:07 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=70&t=417

Quote:
Today's results are 7 wins : 6 losses : 4 breakevens. Trading days like today are always tough on me if I miss the first 15mins of trading (0930am - 0945am est) and then I have to exit a profitable trade earlier due to family distractions. To make matters worst, I wasn't trading when a high probability Short signal appeared around 1048am est. Regardless, no excuse for me to trade the low volatility tight trading range junk and that's why my profits are low for the day due to poor trade decisions. In addition, a trading tip, when the volatility is low and the price action is in a trading range...it's a good time to tighten the stop/loss protection along with lowering the position size until volatility begans increasing again.


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: +5.25 Emini ES ($ES_F) points

Attachment:
010510wrbtraderPnLBlotterProfit.png
010510wrbtraderPnLBlotterProfit.png [ 32.17 KiB | Viewed 1624 times ]

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

Stocks Struggle After Rally
By Alexandra Twin, senior writer
January 5, 2010: 6:09 PM ET

NEW YORK (CNNMoney.com) -- Stocks ended a choppy session little changed Tuesday as investors weighed a seesawing dollar, a slew of auto sales and reports on pending home sales and factory orders.

The Dow Jones industrial average (INDU) lost 12 points, or 0.1%. The S&P 500 index (SPX) added 3 points, or 0.3%. The Nasdaq composite (COMP) was barely changed.

After the three leading indexes climbed to fresh 15-month highs Monday, a weak dollar on Tuesday initially gave a push to dollar-traded commodities and select stocks that do business overseas. But the dollar turned mixed by the late afternoon, diluting its impact.

A late-session advance in the influential banking sector helped the market find its footing late in the session, with the KBW Bank (BKX) index adding 2.2%, thanks to strength in components such as JPMorgan Chase (JPM, Fortune 500) and Capital One Financial (COF, Fortune 500).

Investors are also being cautious after a tumultuous but strong year on Wall Street, in which the broad S&P 500 managed to gain over 23% despite touching a more than 12-year low in March. Between that March 9 low point and year end, the S&P 500 gained 65%.

"After the first-quarter selloff (last year), the market was undervalued, but at this point it's fairly valued, and that makes it a lot more challenging for investors," said Alan Lancz, president at Alan B. Lancz & Associates.

He said that the trend in 2010 will likely remain up, but that the gainers will be a more selective bunch than last year, when most areas of the market advanced. Lancz believes that high-dividend paying companies that do a lot of business globally are likely to stand out.

In general, "there is still a lot of money on the sidelines, and earnings in the first half of the year should benefit from easy comparisons to a year ago, all of which bodes well for stocks," he said.

Housing sees setback: Homebuyers signed 16% fewer sales contracts in November than in December, according to a National Association of Realtors report released in the morning.

Economists surveyed by Briefing.com expected the report to show that pending home sales fell 2% in November after rising for 9 straight months. Still, sales were up 15.5% from November 2008.

The November setback reflected the near-expiration of the government's first-time homebuyers tax credit. Buyers jumped in when the credit was expected to expire on Nov. 30. But once it was announced that it was being extended through June, the buying frenzy lost momentum.

Economy: Another report showed that factory orders increased by 1.1% in November after climbing 0.8% in October. Economists thought orders would grow by 0.5%.

A third report showed that severe unemployment worsened in big cities in November. The government reported that 17 of 372 metropolitan areas surveyed had unemployment rates of at least 15% in November up from 15 areas in October.

Kraft Foods: The Dow component has sweetened its $16.4 billion hostile takeover offer for British chocolate maker Cadbury, providing a partial cash-alternative to its already announced deal.

The funding would come from Kraft (KFT, Fortune 500)'s sale of its frozen pizza business to Swiss food company Nestle for $3.7 billion in cash, a deal announced early Tuesday. Nestle has also said it won't bid for Cadbury.

But Berkshire Hathaway, the conglomerate run by influential investor Warren Buffett and Kraft's largest shareholder, said it is voting "no" on Kraft's request to issue as many as 370 million shares to help finance the bid for Cadbury. Berkshire said that allowing this would essentially be giving Kraft a blank check.

Kraft extended its deadline for the Cadbury offer to Feb. 2. Kraft shares rallied nearly 5%.
0:00 /1:18Google phones it in

Technology: Google (GOOG, Fortune 500) released its Nexus One smartphone Tuesday, the first mobile device entirely designed by the company. Previously, Google had designed mobile software such as Google Maps and also released its Android operating system.

Also, Apple said Tuesday the number of iPhone applications downloaded from its App store has topped 3 billion. Late Monday, a Wall Street Journal report said that Apple will ship its much-anticipated tablet computer in March, following a January unveiling.

Auto and truck sales: Automakers reported improved December sales at the end of their worst year in decades.

Ford Motor (F, Fortune 500)'s U.S. sales jumped 34% in December versus a year ago and over 50% versus the previous month. But Ford's sales for the full year fell 15%.

Rival General Motors said sales fell 6% in December versus a year ago, but said that sales rose 38% from November. For the full year, GM said sales fell 30%.

Among other companies reporting, Chrysler said that sales in December fell 4% versus a year ago and up 36% from November. Chrysler also dropped 36% for the year and sold fewer than a million vehicles, its worst year since the early 1960s.

World markets: Asian markets ended higher. In Europe, London's FTSE 100 rose 0.4%, France's CAC 40 was little changed and the German DAX lost 0.3%.

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

COMEX gold for February delivery gained 40 cents to settle at $1,118.70 an ounce. Gold closed at an all-time high of $1,218.30 an ounce last month.

U.S. light crude oil for February delivery rose 26 cents to settle at $81.77 a barrel on the New York Mercantile Exchange, the highest close since October 2008.

Bonds: Treasury prices rose, lowering the yield on the 10-year note to 3.75% from 3.82% late Monday. Treasury prices and yields move in opposite directions.

Market breadth was mixed. On the New York Stock Exchange, winners beat losers by three to two on volume of 1.19 billion shares. On the Nasdaq, decliners topped advancers by five to four on volume of 2.33 billion shares.

Image

Yahoo! Finance

4:30 pm : For the most part, the stock market lacked direction this session, but it still managed to put together a late advance that helped it settle near its session high. That helped stocks book a modest gain and close near fresh 52-week highs.

Financials were a primary source of support this session. The sector spiked 1.7% as diversified banks climbed 2.6%. European banking giant Barclays (BCS 19.34, +1.01) was especially strong after analysts at Deutsche Bank picked the name as one of its top choices for European bank stocks.

Leadership from financials helped pull stocks up from negative territory a few times this session. Technical support also helped provide a base from which stocks could rebound.

The S&P 500 set its session low amid a knee-jerk reaction to the midmorning release of some disappointing November pending home sales numbers. Pending home sales for November decreased 16.0% month-over-month, which was a far steeper slide than the 2.0% decline that many had forecast. The disappointing data overshadowed news that factory orders for November were up a stronger-than-expected 1.1% (consensus called for a 0.5% increase).

There were only a few corporate headlines this session. Among them, Kraft (KFT 28.77, +1.34) announced that it has opted to sell its North American pizza business to Nestle in order to offer cash as part of its bid for Cadbury (CBY 49.73, -1.92). Meanwhile, Kraft's proposal to issue stock to help it acquire Cadbury received criticism from Berkshire Hathaway's Warren Buffett, who suggested that Kraft's shares constitute an expensive currency. Berkshire reportedly owns some 9% of Kraft's outstanding shares.

Automaker Ford (F 10.96, +0.68) had a strong session, thanks to news that its sales for December surged approximately 33%, which is far better than the 13% increase that many on the Street had expected.

Though stocks were able to put together a strong finish, a rebound by the dollar weighed on things a bit. The greenback had been down modestly ahead of the opening bell, but rallied to finish with a 0.2% gain against a basket of foreign currencies.

The dollar's move also dampened investor appetite for commodities. Still, the CRB Commodity Index had been on its way toward a late session gain of its own, but finished flat instead.

Support for Treasuries took the benchmark 10-year Note up 15 ticks and its yield back below 3.8%. The Note's yield now stands near 3.75%, which is its lowest level in more than one week.

Advancing Sectors: Financials (+1.7%), Energy (+0.8%), Materials (+0.5%), Consumer Discretionary (+0.5%), Industrials (+0.4%), Telecom (+0.2%)
Declining Sectors: Utilities (-1.2%), Health Care (-0.6%), Consumer Staples (-0.1%)
Unchanged: Tech DJ30 -11.94 NASDAQ +0.29 NQ100 +0.1% R2K -0.3% SP400 +0.3% SP500 +3.53 NASDAQ Adv/Vol/Dec 1197/2.84 bln/1505 NYSE Adv/Vol/Dec 1845/1.19 bln/1198

3:35 pm : The stock market is at afternoon highs. Financials are providing the primary strength, up 1.5%. Energy is also showing leadership, currently up 0.8%.

Natural gas futures cooled off this session following yesterday's surge. The February contract closed down 3.6% at $5.64 per contract after hitting a session low at $5.62 per contract. February crude oil recovered and finished 0.3% higher at $81.72 per barrel after dropping to the $81 level in the afternoon.

Strength in precious metals was mixed. Silver futures ran up again this session. The March silver contract is up almost $1.00 over the last three sessions. It closed not far from a session high, up 1.9% at $17.80 per ounce. Gold futures pared a modest gain as the dollar index recovered from overnight lows. February gold finished fractionally higher at $1118.70 per ounce.

On another note, orange juice futures were by far the strongest commodity this session. Cold weather in Florida's growing regions is threatening this year's harvest. Orange juice futures were halted limit up for the second straight session. The March orange juice contract closed up 7.5% (the $0.10 limit) at $1.436 per pound.DJ30 -23.66 NASDAQ -0.95 SP500 +2.42 NASDAQ Adv/Vol/Dec 1232/2.02 bln/1440 NYSE Adv/Vol/Dec 1752/888 mln/1266

3:00 pm : The stock market has made its way back to the unchanged mark. Financials continue to lead as they sport a 1.1% gain. Utilities, on the other hand, continue to lag as they trade with a 1.4% loss.

Trading volume continues to improve with the new year. End-of-year holidays made it common for fewer than 700 million shares to trade hands on the NYSE for a single session during the final days of 2009. Yet now that many participants have returned from their vacations, share volume on the NYSE looks like it is on track to eclipse the 1 billion mark for the second straight session. Though that isn't quite as high as what has been considered average volume, it remains an improvement from recent levels. DJ30 -35.45 NASDAQ -3.84 SP500 +0.74 NASDAQ Adv/Vol/Dec 1186/1.86 bln/1464 NYSE Adv/Vol/Dec 1692/802 mln/1320

2:30 pm : A gradual descent by stocks has taken all three major indices into negative territory. Technical support at the 1130 line in the S&P 500 continues to provide the broader market with support, though.

Materials stocks have been undercut by the recent fit of pressure. The sector is now flat after it had sported a gain for most of the session.

Part of the pressure against materials stocks stems from a bounce by the dollar, which is now up 0.2% against a basket of foreign currencies. The dollar had been down roughly 0.2% ahead of this session's opening bell. DJ30 -48.67 NASDAQ -9.19 SP500 -0.95 NASDAQ Adv/Vol/Dec 1140/1.74 bln/1513 NYSE Adv/Vol/Dec 1610/746 mln/1395

2:00 pm : Shares of automakers have spiked to a 9.0% gain amid news that Ford Motor (F 11.13, +0.85) posted a sales increase of nearly 33% in December. That was far better than the near 16% increase served by Honda Motor (HMC 34.32, -0.37) and the 18% increase registered by Nissan Motor (NSANY 17.50, -0.39). Meanwhile, General Motors delers in the U.S. reported a 7% increase in December sales.

Airliners are also faring well after they underperformed in the previous session. Specifically, the Amex Airline Index is up 4.3% amid leadership from UAL Corp (UAUA 13.85, +1.05), which reported a preliminary December consolidated passenger load factor of almost 82%. Meanwhile, Continental Airlines (CAL 20.31, +2.17) reported a December consolidated load factor of 83%. DJ30 -39.75 NASDAQ -7.40 SP500 -0.27 NASDAQ Adv/Vol/Dec 1169/1.58 bln/1465 NYSE Adv/Vol/Dec 1647/685 mln/1345

1:30 pm : The Nasdaq Composite recently came in close contact with the session low that it set in midmorning trade. Large-cap tech has been pulling the index in opposite directions as Intel (INTC 20.69, -0.19) and Cisco (CSCO 24.47, -0.22) trade with weakness, but Apple (AAPL 214.74, +0.73) and Research In Motion (RIMM 66.52, +0.59) stage an advance.

Though large-cap tech is a bit mixed at the moment, the Nasdaq 100 has slipped to a 0.2% loss. DJ30 -46.25 NASDAQ -6.68 SP500 -0.90 NASDAQ Adv/Vol/Dec 1170/1.45 bln/1441 NYSE Adv/Vol/Dec 1647/630 mln/1337

1:00 pm : Instead of extending the previous session's broad-based gains, stocks have spent most of this session seeking direction.

This session's only corporate news item of note came from Kraft (KFT 28.29, +0.86), which has opted to sell its North American pizza business to Nestle so that it can offer cash as part of its bid for Cadbury (CBY 49.80, -1.85). Additionally, Kraft's proposal to issue additional stock to help facilitate an acquisition of Cadbury was voted against by Berkshire Hathaway (BRK.A 99,710.00, +110.00), which owns more than 9% of Kraft's outstanding shares. Berkshire effectively called attention to the dilutive aspect of the offering and the notion that Kraft's shares constitute an expensive currency.

Though Kraft's headlines didn't cause much of a stir in the broader market, participants can expect corporate news flow to pick up this week. Mosaic (MOS 63.75, +2.04) is due to announce its latest quarterly results after this session's closing bell, while Monsanto (MON 85.24, +1.80) is scheduled for tomorrow morning. Shares of MON have made their way to multimonth highs ahead of the announcement.

Strength in the shares of chemical manufacturers has helped prop up the materials sector, which currently sports a 0.5% gain. Momentum from the previous session made the sector an early leader.

Financials have been a key source of support this session. The sector is currently up 1.0% amid strength in diversified banks (+2.0%). Regional banks have lagged (+0.4%), though.

Leadership from the broader financial sector and technical support for the S&P 500 near the 1130 mark helped stocks recover from some midmorning pressure that stemmed from a steeper-than-expected drop in November pending home sales. The negative surprise overshadowed a strong upturn in factory orders for November.

Though financials have shown leadership and the broader market benefited from technical support, stocks have struggled to set forth on a clear path this session. That has left the major indices to trade in mixed fashion. DJ30 -33.10 NASDAQ -4.01 SP500 +0.29 NASDAQ Adv/Vol/Dec 1234/1.35 bln/1374 NYSE Adv/Vol/Dec 1692/581 mln/1290

12:30 pm : Stocks continue struggling to find their direction. That has left the major indices to trade in mixed fashion.

Treasuries have garnered support, though. In turn, the benchmark 10-year Note is up 15 ticks, which has trimmed the Note's yield to 3.76% -- its lowest level in more than one week. DJ30 -29.70 NASDAQ -1.48 SP500 +1.14 NASDAQ Adv/Vol/Dec 1240/1.21 bln/1339 NYSE Adv/Vol/Dec 1705/520 mln/1234

12:00 pm : Outside of news that Kraft (KFT 28.28, +0.84) has opted to sell its North American pizza business to Nestle in order to help Kraft add cash to its bid for Cadbury (CBY 49.80, -1.85), there haven't been many corporate headlines of note. However, participants do look forward to the latest earnings results from Mosaic (MOS 62.99, +1.28), which is scheduled to announce after this session's closing bell. Monsanto (MON 84.92, +1.49) reports tomorrow morning.

There are a handful of other names sheduled to report later this week, but earnings season doesn't really begin until next week, when Dow component Alcoa (AA 16.18, -0.47) unofficially kicks things off. Earnings announcements won't come in earnest for a few more weeks yet, though.

Investors and traders can view a complete earnings calendar for free at Briefing.com's investor site.DJ30 -31.97 NASDAQ -1.84 SP500 +1.00 NASDAQ Adv/Vol/Dec 1211/1.09 bln/1358 NYSE Adv/Vol/Dec 1643/462 mln/1277

11:30 am : Stocks have failed to sustain their midmorning rally. That has the broad-based S&P 500 back at the neutral line and the Dow deeper into negative territory.

Kraft (KFT 28.37, +0.94) has been a key source of support for the Dow, however. Shares of the food giant have garnered support amid news that Berkshire Hathaway (BRK.A 99,660.00, +60.00), which owns more than 9% of Kraft's outstanding shares, has voted against a proposal from Kraft to issue 370 million shares to help facilitate an acquisition of Cadbury (CBY 49.80, -1.58), since Berkshire officials like Warren Buffett believe that shares of KFT constitute a very expensive currency.DJ30 -35.30 NASDAQ -1.374 SP500 +0.23 NASDAQ Adv/Vol/Dec 1218/934 mln/1308 NYSE Adv/Vol/Dec 1611/400 mln/1299

11:00 am : Stocks registered session lows in the moments that followed the release of the latest pending home sales figures, which showed a much steeper-than-expected monthly drop, but strength among financial stocks has helped the broader market rebound to a modest gain.

The financial sector is now up to a 0.9% gain. Investment banks and brokerages (+1.3%) have managed to extend their 3.4% gain from the previous session. Diversified banks have also garnered support; they are up 1.8%.

Much like the previous session, utilities are lagging. The defensive-oriented sector is down 0.8%. DJ30 -9.83 NASDAQ +3.35 SP500 +2.75 NASDAQ Adv/Vol/Dec 1251/749 mln/1226 NYSE Adv/Vol/Dec 1720/317 mln/1150

10:30 am : The US Dollar Index is modestly lower in current trade, which is providing price support to most of the commodity complex this morning.

February crude is whipsawing around this morning. At the open of pit trading, crude spiked off a session low of $81.27 per barrel, back into positive territory and back near session highs of $81.99 per barrel. After pulling back, in which it fell back into the red momentarily, crude is 0.3% higher at $81.74 per barrel. February natural gas has traded in negative territory all session, putting in lows this morning of $5.761 per MMBtu. Natural gas is currently at $5.818 per MMBtu, 1.1% lower.

On the weakness in the Dollar Index, precious metals are modestly higher this morning. February gold is 0.7% higher at $1125.80, off its morning highs of $1129.96 per ounce. March silver is 1.5% higher at $17.725 and off its session high of $17.76 per ounce.DJ30 -16.70 NASDAQ +1.17 SP500 +1.06 NASDAQ Adv/Vol/Dec 1112/504.5 mln/1308 NYSE Adv/Vol/Dec 1503/222.6 mln/1291

10:00 am : Stocks slipped sharply in a knee-jerk reaction to the latest dose of data, which was just released, but they have since recovered a bit.

Factory orders for November were up 1.1%, which is more than the 0.5% increase that economists had forecast on average. The previous month's data was revised upward to reflect a 0.8% increase.

Pending home sales for November decreased 16.0% month-over-month, but that was far weaker than the 2.0% decline that many had come to expect. Sales for October were revised slightly higher to reflect a monthly increase of 28.7%.

Early movers: Trading up -- SNTA +15.9%, MERX +14.7%, ANW +11.8%, THC +9.7%, RBS +8.4%, SLXP +7.8%, MPEL +7.5%, CAL +7.1%, CAAS +6.9%, ACH +6.9%; Trading down -- EBIX -66.7%, CELL -16.6%, RUTH -5.4%, CXO -4.7%, SPW -4.5%

Advancing Sectors: Financials (+0.3%)
Declining Sectors: Telecom (-0.6%), Health Care (-0.4%), Consumer Discretionary (-0.3%), Consumer Staples (-0.3%), Utilities (-0.3%), Tech (-0.1%)
Unchanged: Energy, Materials, Industrials

09:45 am : The broader market has slipped into the red during the first few minutes of action. Financials (+0.4%) and materials stocks (+0.1%) make up the only two sectors that have managed to remain in positive territory. They were also among the best performers in the previous session.

The materials sector's gain, though modest, comes in the face of a firmer dollar. The greenback has gained ground against competing currencies so that the Dollar Index is up to a fractional gain after it had traded with a modest loss ahead of the opening bell. DJ30 -41.12 NASDAQ -6.75 SP500 -1.30 NASDAQ Adv/Vol/Dec 785/163 mln/1440 NYSE Adv/Vol/Dec 1111/92 mln/1505

09:15 am : S&P futures vs fair value: -0.20. Nasdaq futures vs fair value: flat. Stock futures have spent the morning trying to find direction as they trade along the neutral line. Overseas action has been rather mixed, so it hasn't offered much guidance. Meanwhile, the dollar had been down modestly against competing currencies earlier, but it has since recouped most of its loss. A lack of headline surprises has left premarket participants without any new trading catalysts -- news that Kraft (KFT) has increased the cash element of its bid for Cadbury (CBY) has been generally disregarded by the broader market. The latest factory orders figures and pending home sales numbers are due at 10:00 AM ET, though.

09:00 am : S&P futures vs fair value: -0.30. Nasdaq futures vs fair value: -0.50. Commodity prices have pulled back in recent action. Gold is now priced with a gain of 0.2% at $1120.60 per ounce after it had came in close contact of the $1130 per ounce mark earlier this morning. Oil prices have opened pit trade flat at $81.50 per barrel after they had traded near $82 per barrel in overnight action. The pullback in commodity prices has come as the dollar pares its loss against foreign currencies; the greenback is now down 0.1%.

08:30 am : S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: -0.30. U.S. stock futures have slipped a bit, but are still generally flat. Meanwhile, European markets are a bit mixed. Germany's DAX recently slipped below the neutral line to trade with a 0.1% loss. Deutsche Bank (DB) has attempted to provide support, but Bayer AG has undermined the action as it leads declining issues. Separately, AFP reported that German unemployment averaged 8.2% last year, according to the Federal Labour Agency. That represented an increase from the 2008 level of 7.8%. In France, the CAC is up a modest 0.2%. Britain's FTSE has made its way to a 0.5% gain. Barclays (BCS) and Lloyds (LYG) are among the primary leaders after analysts at Deutsche Bank selected the pair to be among the firm's top picks among European banks. In Asia, Japan's Nikkei settled with a modest gain of 0.3% after it had outperformed in the previous session. Kyocera (KYO) provided support to the index, but Fast Retailing was a detractor as the yen appreciated against the dollar. Hong Kong's Hang Seng rallied, however. That gave it a 2.1% gain for the session. Energy outfits CNOOC and PetroChina were primary leaders for the move. HSBC (HBC) and China Construction Bank also showed strength. Meanwhile, the Shanghai Composite booked a 1.2% gain. PetroChina was also among its primary leaders, while Industrial & Commercial Bank was in the wings with additional support.

08:00 am : S&P futures vs fair value: +1.20. Nasdaq futures vs fair value: +3.00. Stocks booked 52-week closing highs in the previous session, but there haven't been any new announcements, corporate or otherwise, to keep buyers active. In turn, stock futures are flat this morning. There are a couple of potential catalysts coming at 10:00 AM ET, which is when factory orders for November and pending home sales numbers for November are due. Vehicle sales figures are expected to be released throughout the course of the day. DJ30 +00.00 NASDAQ +00.00 SP500 +00.00 NASDAQ Vol -- NYSE Vol --

06:34 am : S&P futures vs fair value: -0.40. Nasdaq futures vs fair value: -0.30.

06:34 am : Nikkei...10681.83...+27.00...+0.30%. Hang Seng...22279.58...+456.30...+2.10%.

06:34 am : FTSE...5519.92...+19.60...+0.40%. DAX...6042.06...-6.20...-0.10%.

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 3 guests


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