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 12:57 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: January 14th Thursday 2010 Emini TF ($TF_F) points +7.60
PostPosted: Thu Jan 14, 2010 5:24 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)

Trade journals are crucial in preventing us traders from becoming complacent or content with our trading plan or the markets because without having the ability to review archives of past trading days in a forever changing market...we won't know it's time to adapt when change occurs in the markets because broker statements alone doesn't help us keep that edge in comparison to a trade journal. In addition, although this journal contains advertisements involving my trade methods, it does contain useful trading tips a few times per week. Thus, if you're looking for trading tips that can improve your trading and understand that profitable trading involves more than just entry signals...consistently read this trade journal and the #FuturesTrades chat room logs where I post my trades in real-time from entry to exit (see link below) via my IRC user name wrbtrader that's the same as my user name on twitter.

Today's #FuturesTrades chat room logs is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=70&t=426.

Quote:
Today's results are 6 winners : 1 loser. Another good trading day after switching to trading the ICE Russell 2000 Emini TF futures. Fewer trades, less contracts and less trades and increase in dollar profit per trade/contract in comparison to when I was trading the CME Emini ES futures. Also, you can see the key trade signal of the day that I missed @ http://bit.ly/5itZlb.


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, if you're interested in having free access to one of my profitable trade strategies along with earning extra income with little effort...join my referral program @ http://www.thestrategylab.com/ReferralProgram.htm

My Trading Performance: +7.60 points in the ICE Russell 2000 Emini TF ($TF_F) Futures

Attachment:
011410_wrbtrader_PnLBlotterProfit.png
011410_wrbtrader_PnLBlotterProfit.png [ 32.28 KiB | Viewed 1556 times ]

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

Stocks Manage Gains In Sloppy Session
By Alexandra Twin, senior writer
January 14, 2010: 4:19 PM ET

NEW YORK (CNNMoney.com) -- Stocks rose Thursday, led by technology shares, as investors looked past the day's ho-hum economic news and geared up for Intel's quarterly report, released shortly after the bell.

The Dow Jones industrial average (INDU) added 30 points, or 0.3%, according to early tallies. The S&P 500 index (SPX) added 3 points, or 0.2%. The Nasdaq composite (COMP) rose 8 points, or 0.4%.

Should stocks close where they stood a half-hour before the close, the Dow and S&P 500 would be at new 15-month highs and the Nasdaq at a new 16-month high.

Stocks ended higher Wednesday, with the Dow closing at a 15-month high, as investors looked past Google's potential shutdown of its China operations and mea culpas from the nation's major bank executives.

After a weak start Thursday, stocks mustered some slim gains heading into midday, despite the day's mixed economic news.

The major indexes posted sizable gains last year as investors dove back in after moving beyond the worst financial crisis in decades. But any gains this year are likely to be more subdued.

"The next few months is going to be about merging expectations and reality," said Jack Ablin, chief investment officer at Harris Private Bank.

"Expectations have been set pretty high for earnings and the economy, in terms of where stock valuations are set," he said. "Now we need to see if the results can deliver."

Economy: Retail sales fell 0.3% in December, the government reported Thursday. The report was a surprise to economists who were expecting sales to have risen 0.5%, according to a consensus of economists surveyed by Briefing.com. Sales rose a revised 1.8% in November.

Retail sales excluding autos fell 0.2% in December after rising 1.9% in the previous month. Economists thought they would rise 0.3%.

Helping to soften the blow, the National Retail Federation said holiday sales for the November-December period rose 1.1%, a better showing than the retail group's forecast of a 1% decline.

The number of Americans filing new claims for unemployment rose last week to 444,000 from 433,000 in the previous week. Economists thought claims would rise to 437,000.

Continuing claims, a measure of Americans who have been receiving benefits for a week or more, fell to 4.596 million from 4.807 million in the previous week. Economists thought claims would fall to 4.750 million.

November business inventories rose 0.4% after rising 0.4% in the previous month. Economists thought claims the increase would be 0.3%.
0:00 /3:39Goldman's image crisis

Banks: A congressionally appointed panel investigating the lead-up to the financial crisis was holding a second day of hearings, with government officials including Attorney General Eric Holder testifying.

On Wednesday, CEOs of the largest financial institutions testified that while the banks took on too much risk and made mistakes, they were not aware at the time that a financial crisis of such a magnitude could develop.

In other news, President Obama proposed a plan Thursday to tax companies that took bailout funds, legislation he says is necessary to make sure the banks return the money they accepted in full.
Taxorama: 7 changes on the docket

Results: Dow component Intel (INTC, Fortune 500) is due to report quarterly results after the close. The chipmaker is expected to have earned 30 cents per share versus a profit of 4 cents a year ago, according to analysts surveyed by earnings tracker Thomson Reuters.

Intel shares gained ahead of its results. Merck (MRK, Fortune 500), Microsoft (MSFT, Fortune 500), IBM (IBM, Fortune 500) and Hewlett-Packard (HPQ, Fortune 500) were the Dow's other big gainers.

Overall S&P 500 earnings are expected to have risen more than 200% from the previous year, the worst quarter in Thomson's history.

World markets: Asian markets mostly ended higher and European markets were little changed in late trading.

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

COMEX gold for February delivery rose $6.20 to settle at $1,143 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 fell 26 cents to settle at $79.39 a barrel on the New York Mercantile Exchange.

Bonds: Treasury prices rallied, lowering the yield on the 10-year note to 3.75% from 3.79% late Wednesday. Treasury prices and yields move in opposite directions.

Market breadth was positive. On the New York Stock Exchange, winners beat losers by four to three on volume of 650 million shares. On the Nasdaq, advancers topped decliners eight to five on volume of 1.85 billion shares.

Image

Yahoo! Finance

4:35 pm : Despite mediocre data, the Dow and the S&P 500 made their way to fractionally improved 52-week highs amid modest support. Stocks were generally flat in the early going.

Participants showed little reaction to news that advance retail sales for December decreased 0.3%, which was weaker than the 0.5% increase that had been expected. Sales less autos decreased 0.2%, but that was also worse than the 0.3% increase that many had forecast. The figures were underwhelming, but many attributed the drop to the previous month's 1.8% spike in retail sales and 1.9% jump in sales less autos.

Still, the reversal in retail sales suggests that all isn't well in the economic recovery. To that point, the latest initial jobless claims tally increased 11,000 from the previous week to 444,000. That was balanced by a larger-than-expected drop by continuing claims to 4.60 million, though lower continuing claims have stemmed from the expiration of jobless benefits.

In other economic news, the Import Price Index for December was flat month-over-month, as expected.

Despite lackluster action in the early going, Intel (INTC 21.48, +0.52) provided leadership to the tech sector ahead of its latest quarterly report. Tech finished the session with a 0.7% gain, but other semiconductor stocks slipped 0.6%, collectively.

Regional bank stocks climbed 2.4% to help the financial sector finish with a 0.6% gain. Support for regional lenders came amid speculation that proposals to slap banks with fees for risk taking would be focused on larger lenders.

Upward momentum from the previous session helped health care stocks finish with a 0.8% gain, which made for the best performance of any major sector.

Continued weakness in AT&T (T 26.19, -0.45) and Verizon (VZ 31.22, -0.65) took telecom down 1.8%. That came in addition to the sector's 0.4% slip in the previous session, when it was the only sector to log a loss. Telecom stocks are now down 5.1% since the start of the year, worse than any other sector.

Materials stocks were also weak this session, though. The sector shed 1.0% as Monsanto (MON 82.79, -1.16) moved lower amid confirmation that the Justice Dept. has confirmed that it is investigating the possibility of anticompetitive practices in the seed industry.

Still, strength among health care, tech, and financials, the three largest sectors by market weight, lifted the broader market to a modest gain, which marked its seventh advance in eight sessions.

Despite that accomplishment, conviction appears questionable as fewer than 1 billion shares traded hands on the NYSE once again.

Advancing Sectors: Health care (+0.8%), Tech (+0.7%), Financials (+0.6%), Energy (+0.2%)
Declining Sectors: Telecom (-1.8%), Materials (-1.0%), Utilities (-0.3%), Industrials (-0.1%), Consumer Staples (-0.1%)
Unchanged: Consumer StaplesDJ30 +29.78 NASDAQ +8.84 NQ100 +0.0% R2K +0.5% SP400 +0.2% SP500 +2.78 NASDAQ Adv/Vol/Dec 1561/2.29 bln/1105 NYSE Adv/Vol/Dec 1727/888 mln/1290

3:30 pm : Commodities traded in mixed fashion this session, but the CRB Commodity Index still lost nearly 0.3%.

Natural gas was one of the weakest components in the CRB. Prices for the commodity tumbled 2.9% to $5.57 per contract. The slide came even though the latest batch of weekly inventory data showed a larger-than-expected draw of 266 bcf.

Oil also contended with selling pressure, but late support helped limit losses for the commodity. Contracts closed pit trade with oil priced 0.3% lower at $79.39 per barrel.

Precious metals were able to put together modest gains, however. Gold prices made their way to $1143 per ounce, which translates to a 0.5% gain. Silver settled the session 0.6% higher at $18.66 per ounce.

The dollar didn't do much for commodities this session. It had made an early move from negative to positive territory, but then spent most of the session oscillating. Only recently did it retreat to a 0.2% loss. DJ30 +36.12 NASDAQ +12.18 SP500 +3.67 NASDAQ Adv/Vol/Dec 1616/1.85 bln/1038 NYSE Adv/Vol/Dec 1734/618 mln/1263

3:00 pm : Tech (+0.8%) continues to outperform the broader market. Large-cap tech issues, in particular, have garnered considerable support and, in turn, have helped give the Nasdaq Composite an edge over its counterparts. The Nasdaq recently registered a fresh session high, but remains just a few points shy of the 52-week high that it set earlier this week.

Meanwhile, the broad-based S&P 500 has also found a fresh session high, but has successfully come back into contact with the 52-week high that it set earlier this week. However, rather than push through that mark to a new yearly high, it has paused to take a bit of a breather. DJ30 +37.79 NASDAQ +13.45 SP500 +4.14 NASDAQ Adv/Vol/Dec 1614/1.72 bln/1036 NYSE Adv/Vol/Dec 1765/565 mln/1219

2:30 pm : Stocks continue to chop along with a modest gain. Health care and tech have both managed to make their way higher so that each is now up 0.7% this session.

Telecom has rolled over, though. The sector had started the session in the red, but made its way to a modest midsession gain only to tumble back to a 0.9% loss. Tech had been the only sector in the previous session to post a loss.

Still, materials stocks remain the worst performers this session. They are down 1.1% as a group. That's even in the face of a modest drop by the buck. DJ30 +27.05 NASDAQ +8.30 SP500 +2.22 NASDAQ Adv/Vol/Dec 1479/1.57 bln/1148 NYSE Adv/Vol/Dec 1636/510 mln/1342

2:00 pm : The Dow recently made its way to a fresh 52-week high as stocks made a modest upward push, but the move has proven to be unsustainable as the major indices start to pull back a bit. Still, stocks remain in positive territory.

The dollar has also retreated, though its pullback has put it into negative territory when compared with a basket of foreign currencies. Specifically, the dollar is down to a 0.2% loss after it had spent most of the session sporting a modest gain. DJ30 +26.45 NASDAQ +7.39 SP500 +2.17 NASDAQ Adv/Vol/Dec 1429/1.46 bln/1169 NYSE Adv/Vol/Dec 1615/469 mln/1363

1:30 pm : The latest auction of 30-year Bonds produced a yield of 4.64% and a bid-to-cover ratio of 2.68, which is above the 10-auction average of 2.41. Indirect bidding came in at 40.7%, which is a bit below the 10-auction average of 42.6%. The results have helped Treasuries extend their gains, such that the 30-year Bond is now up 42 ticks; the Bond's yield is at 4.63%. Meanwhile, the benchmark 10-year Note is up 19 ticks, putting the Note's yield at 3.72%.

Stocks didn't show much of a reaction to the announcement, but they have made a recent push to fresh afternoon highs. The stock market's gains remain moderate, though. DJ30 +29.10 NASDAQ +7.39 SP500 +1.96 NASDAQ Adv/Vol/Dec 1422/1.30 bln/1171 NYSE Adv/Vol/Dec 1576/429 mln/1395

1:00 pm : Action has been generally choppy and without much direction this session. That has left the stock market to trade flat for the most part.

The stock market has yet to put together any sort of a meaningful gain, but health care stocks and tech stocks have combined to provide solid support. Health care's 0.6% advance marks an extension of the 1.3% that the sector booked in the previous session. Meanwhile, Intel (INTC 21.33, +0.37), which is scheduled to report its latest quarterly results after the closing bell, has led the tech sector to a 0.6% gain. Other semiconductor stocks have had to contend with pressure, though; they are currently down 0.8%, as measured by the Philadelphia Semiconductor Index (SOX 356.21, -2.88).

Financials recently emerged to trade with a 0.3% gain. The uptick stems from strength among regional banks, which are up 1.6% at the moment. Larger banks have lagged due to concerns that they will be the focus of recent government interests to collect fees for risk taking among big banks.

Materials stocks are weak once again. The sector is currently down 1.1% amid renewed weakness in shares of Monsanto (MON 82.40, -1.55). The Justice Dept. has confirmed that it is investigating the possibility of anticompetitive practices in the seed industry.

Another batch of Treasury auction results is due imminently. Today's auction features 30-year Bonds. Many are curious if demand will be as strong as it was for 10-year Notes during the previous session, or whether it will be helped by this morning's mediocre data.

Advance retail sales for December made a surprise decrease, but disappointment over that development was tempered by the recognition that sales had spiked sharply higher in November.

Initial jobless claims for the week ended January 9 made a slightly larger-than-expected week-over-week increase of 11,000, but continuing claims retreated more than expected. DJ30 +23.73 NASDAQ +6.90 SP500 +1.34 NASDAQ Adv/Vol/Dec 1423/1.29 bln/1161 NYSE Adv/Vol/Dec 1510/391 mln/1432

12:30 pm : Action in the stock market remains lackluster. In turn, the S&P 500 is still largely unchanged for the session.

Participants get another batch of Treasury auction results with the release of details from a sale of $13 billion worth of 30-year Bonds at the top of the hour.

Market expectations are fairly high given the better-than-expected results the 10-year auction garnered yesterday. The 30-year Bond is currently up 20 ticks. that has put its yield at 4.67%, which is up some 40 basis points from its 45-day low yield. That difference, and the fact that this morning's ecnomic data was mediocre, could cause some bargain hunting.

A key line to watch will be whether foreign investors show up in stronger force than they did for 10-year Notes yesterday, when indirect bidding came in at a below average 29%. DJ30 +21.69 NASDAQ +7.43 SP500 +1.01 NASDAQ Adv/Vol/Dec 1435/1.12 bln/1136 NYSE Adv/Vol/Dec 1506/355 mln/1426

12:00 pm : The stock market remains flat, though energy stocks have stepped up to provide a bit of support. The energy sector is now up to a 0.1% gain after it had been down to a 0.5% loss at its session low.

Oil and gas equipment stocks have been a primary source of support to the energy sector in recent action. The subgroup is currently up 0.5% as oil prices make their way up from session lows toward the $80 per barrel mark -- prices are currently down 0.2% at $79.50 per barrel. DJ30 +14.51 NASDAQ +3.02 SP500 +0.30 NASDAQ Adv/Vol/Dec 1426/992 mln/1111 NYSE Adv/Vol/Dec 1481/316 mln/1427

11:30 am : Moderate weakness has become relatively widespread, but the stock market continues to trade along the unchanged mark. That is primarily owed to tech stocks and health care stocks, which make up the only two sectors to trade in positive ground, but combine to represent more than 30% of the market weight in the S&P 500. Both sectors are up 0.4% at the moment.

Amid relative weakness in the broader market, Treasuries have managed to tick solidly higher. The benchmark Note is currently up 11 ticks, which has brought its yield back to 3.75% after it had been lifted closer toward 3.8% in the previous session. DJ30 +12.17 NASDAQ +3.32 SP500 +0.19 NASDAQ Adv/Vol/Dec 1303/868 mln/1187 NYSE Adv/Vol/Dec 1406/281 mln/1479

11:00 am : Stocks recently made their way to a modest gain, but they have since rolled over. The downturn has taken the Dow and the Nasdaq Composite back to the neutral line, but the broader S&P 500 is now down to a slight loss.

Materials stocks have been pulled considerably lower, such that the sector now trades with a 1.1% loss. The move lower comes amid renewed weakness in shares of Monsanto (MON 82.67, -1.28). The stock had traded at multimonth highs late last week, but has been under pressure since it posted displeasing earnings for its latest quarter. DJ30 +2.19 NASDAQ +0.61 SP500 -1.23 NASDAQ Adv/Vol/Dec 1298/751 mln/1165 NYSE Adv/Vol/Dec 1342/243 mln/1525

10:35 am : The US Dollar Index rallied higher when floor trading opened in the energy pits, but this only caused a modest sell-off in select commodities. The Dollar Index is currently back near the unchanged line.

Overnight, February natural gas chopped around the flat line before hitting morning lows of $5.695 per MMBtu just before 8:30ET. The energy component eventually bounced off those lows back into positive territory to session highs of $5.804 per MMBtu, but is now back near the unchanged line again, up $0.008 at $5.741 per MMBtu, ahead of the weekly inventory data, which calls for a consensus of a draw of 260 bcf. Ahead of the data, natural gas sold off sharply and remains right around its lows of $5.51 per MMBtu. The data showed a draw of 266 bcf and natural gas is now currently 2% lower at $5.619 per MMBtu.


February crude oil traded in the black for most of today's session so far. It hit highs of $80.36 per barrel overnight, just after 4:00am ET and trended lower from there, finally hitting morning lows of $79.39 four hours later. Currently, crude is 0.3% lower at $79.49 per barrel.

February gold hit highs of $1145.60 early in the overnight session and slowly trended lower for the entire overnight session until finally falling into the red and hitting morning lows of $1133.00 per ounce around 7:30ET. Gold quickly recovered and pushed back into positive territory and is modestly higher in recent activity at $1137.30, up 50 cents. March silver hit its own lows around the same time, at $18.455 per ounce, but is currently at $18.60 per ounce, up 0.3%.

DJ30 +21.39 NASDAQ +8.52 SP500 +2.23 NASDAQ Adv/Vol/Dec 1412/527.9 mln/978 NYSE Adv/Vol/Dec 1586/174.3 mln/1213

10:00 am : Despite a slow start, tech stocks have jumped out to a 0.4% gain amid strength in Intel (INTC 21.22, +0.26), which is scheduled to report its latest quarterly results after the closing bell. Despite strength in INTC, other semiconductor and semiconductor equipment stocks have lagged and taken the Philadelphia Semiconductor Index (SOX 357.78, -1.31) to a 0.4% loss.

Though the broader tech sector has started to show strength, the stock market, as a whole, continues to trade flat.

Just released, business inventories for November increased 0.4%, which is slightly more than the 0.3% increase that many had forecast. The previous reading had been revised downward to show a 0.2% increase.

Early movers: Trading up -- LAB +45.3%, NIV +15.3%, CROX +11.1%, CERS +10.7%, AONE +10.2%, HNSN +9%, FST +8.2%, CPBY +8%, BPFH +7.8%, RNWK +7.3%, DPZ +7.2%; Trading down -- ROSG -32.7%, MED -12.9%, ZLC -8.7%, KYN -6.6%, ZZ -6.3%, WIT -6.2%, SEED -5.7%

Advancing Sectors: Tech (+0.5%), Health Care (+0.2%)
Declining Sectors: Materials (-0.7%), Utilities (-0.4%), Industrials (-0.3%), Consumer Discretionary (-0.2%), Consumer Staples (-0.2%), Telecom (-0.2%)
Unchanged: Energy, FinancialsDJ30 +8.01 NASDAQ +3.61 SP500 -0.13 NASDAQ Adv/Vol/Dec 1171/294 mln/1104 NYSE Adv/Vol/Dec 1253/106 mln/1412

09:45 am : The major indices have started the session on a flat note. The tepid tone comes amid a lack of apparent leadership, though financials have managed to add a modest 0.2% to their strong gains from the previous session.

Conversely, telecom stocks are noticeably weak for the second straight session. Telecom was the only major sector to log a loss in the previous session, when it fell 0.4%. It is already down another 0.4% this time around.

The broader market's other major sectors are mixed. DJ30 -5.29 NASDAQ +0.38 SP500 -1.00 NASDAQ Adv/Vol/Dec 1038/167 mln/1126 NYSE Adv/Vol/Dec 1145/70 mln/1442

09:15 am : S&P futures vs fair value: -2.20. Nasdaq futures vs fair value: -5.00. Stock futures had recently traded flat, but the tepid tone has since turned downward so that a moderately lower start looks to be in order for the major indices. The downturn comes after participants digested news the that latest initial jobless claims tally was up slightly more than expected from the previous week and that retail sales in December were rather week. However, disappointment for the latter matter has been tempered by the consideration that retail sales had surged in November. No official policy has been put in place, but details have leaked about a possible plan to tax banks for their exposure to risk as a means to recoup TARP money and funds used to clean up the financial crisis. There haven't been many direct corporate headlines or earnings releases of note this morning, so many participants have already turned their focus toward Intel (INTC), which reports after the closing bell. Its numbers are expected to carry considerable implications for semiconductor and semiconductor equipment players.

09:00 am : S&P futures vs fair value: -2.70. Nasdaq futures vs fair value: -7.00. U.S. stock futures have slipped a bit, such that a moderately lower start now looks to be in order. Europe's bourses have also pulled back a bit, though they had been up solidly after the European Central Bank left interest rates unchanged at 1.0%, as expected. In a recent statement, ECB President Trichet stated that M1 continues to grow at a robust annual rate. He expects price stability to remain firm over the meduim term and only sees tax cuts when countries have budgetary room. Meanwhile, data showed that euro zone industrial production climbed more than expected in November. In Britain, the FTSE is currently up 0.2% as strong numbers from Rio Tinto (RTP) lifts mining stocks. In Germany, the DAX is up 0.2% at the moment. Commerzbank has gained after a press report said that the company's investment banking operations may break even this year. In France, the CAC has pared its gains sto that it is up just 0.1% for the session. EADS remains a leader, though. In Asia, the MSCI Asia Pacific Index climbed 1.0%, while Japan's Nikkei advanced 1.6%. Mizuho Financial (MFG) spiked amid reports that the bank is considering a rights offering to boost capital, rather than a share offering. Shares of shipping outfit Mitsui O.S.K. Lines surged after reports indicated that the company likely saw a surge in pretax profits for its latest quarter. Hong Kong's Hang Seng wasn't so strong in its latest showing; it closed with a 0.1% loss. Fears that Beijing will rein in lending persisted. However, Lenovo Group garnered support, thanks to news that its PC shipments spiked in its fiscal fourth quarter. In mainland China, the Shanghai Composite put together a 1.4% gain. Despite concerns for potential monetary policy changes, banks and property stocks were firmer.

08:35 am : S&P futures vs fair value: flat. Nasdaq futures vs fair value: -2.30. Stock futures were whipsawed following the latest flurry of data, but they have since returned to the flat line. Advance retail sales for December decreased 0.3%, which is weaker than the 0.5% increase that had been expected. It also falls short of the upwardly revised 1.8% spike in November. Advance sales less autos decreased 0.2%, but that was also worse than the 0.3% increase that many had forecast. Retail sales less autos for November had increased and upwardly revised 1.9%. Also recently released, initial jobless claims for the week ended January 9 totaled 444,000, which is a bit more than the 437,000 initial claims that had been expected. The latest tally marked a week-over-week increase of 11,000. Meanwhile, continuing claims retreated to 4.60 million from an upwardly revised 4.81 million. The consensus estimate had called for 4.75 million continuing claims. The Import Price Index for December was flat month-over-month, as expected. The lack of change followed a 1.6% monthly increase in November.

08:00 am : S&P futures vs fair value: flat. Nasdaq futures vs fair value: -2.00. A gradual overnight climb by the buck from negative to positive territory has left stock futures to trade flat. However, a raft of upcoming announcements could act as catalysts for trade. Due at the bottom of the hour are the latest data for home prices, retail sales, and weekly jobless claims. Business inventory data follow at 10:00 AM ET.

06:20 am : S&P futures vs fair value: -1.20. Nasdaq futures vs fair value: -5.00.

06:20 am : Nikkei...10907.68...+172.70...+1.60%. Hang Seng...21716.95...-31.70...-0.20%.

06:20 am : FTSE...5504.67...+31.20...+0.60%. DAX...5997.08...+33.90...+0.60%.

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