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 Post subject: February 11th Thursday 2010 Emini TF ($TF_F) points +10.30
PostPosted: Thu Feb 11, 2010 10:32 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
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Location: Canada

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 @

Today's results are 10 wins : 7 losses. It's one of those trading days where I expected a trend day (see #FuturesTrades log from yesterday about what I expected for today). Unfortunately I took my break from trading to do some updates and two scheduled private real-time Q&A sessions with a few clients for lunch at the wrong time because the big movement occurred while I wasn't trading. Also, four of the losses was very controlled and just a few ticks each. That means that I wasn't satisfied with the price action after entry or that I lost my patience prior to my stop/loss protection. Simply, I exited the trade early and with a little more patience the trade would have resulted as a small profit. Thus, you really can't look at the raw numbers of wins versus losers. Instead, you really need to look at the size of the winners versus losers, number of contracts of the winners versus losers et cetera. In my +20 years of trading experience...this is much more important than win:loss ratios. This all points to the fact that if you have an edge in your position size management and trade loss're way ahead of those on the other side of your trades.

The key change in supply/demand ocurred via a correlated trading instrument (Emini ES) yesterday Feb 10th @ 1035am est. The Emini ES bounced off the key zone today around 0950am est along with other key markets finding their own support zones around that time duration. Simply, Emini TF prosper via intermarket analysis of other key markets.

Trading Tip: Beginner traders concentrate on entry signals while veteran traders concentrate on trade management after entry. Simply, to trade like a veteran profitable starts with how you approach your 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.


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).

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 @

My Trading Performance: +10.30 points in the ICE Russell 2000 Emini TF ($TF_F) Futures

021110_wrbtrader_PnLBlotterProfit.png [ 32.83 KiB | Viewed 535 times ]


Dow Gains 100 Points As Greek Debt Fears Ebb
By Alexandra Twin, senior writer
February 11, 2010: 6:10 PM ET

NEW YORK ( -- Stocks rallied Thursday after the European Union's promise to help debt-ridden Greece eased worries that a default might hurt global markets.

The Dow Jones industrial average (INDU) rose 106 points, or 1%. The S&P 500 index (SPX) gained 10 points, or 1.4% and the Nasdaq composite (COMP) added 29 points, or 1.4%.

Stocks slid in the morning, but managed to turn up after the European leaders promised to help Greece, although details were scarce.

The announcement gave investors the impetus to push the Dow back above the 10,000 mark, which it has been straddling for the last week.

The easing of concerns that Greece and other debt-ridden nations might default enabled investors to take on more risk, including stocks and commodities. The dollar remained stronger versus the euro and weaker versus the yen.

Gains were broad based, with 28 of 30 Dow stocks advancing, led by Boeing (BA, Fortune 500), Caterpillar (CAT, Fortune 500), Chevron (CVX, Fortune 500), Hewlett-Packard (HPQ, Fortune 500), IBM (IBM, Fortune 500) and 3M (MMM, Fortune 500).

Wary after the retreat: Investors have been cautious after a big selloff in January.

Between the rally high on Jan. 19 and the recent low hit last week, the S&P 500 fell 9.2%, getting close to the 10% decline that is the technical definition of a correction.

Stocks fell Wednesday on concerns about the Greek debt situation, the strong dollar and the Federal Reserve's plan to withdraw some of the trillions of dollars it has used to bolster the nation's financial system.

The Dow, S&P 500 and Nasdaq have all declined the past four weeks, as investors have overlooked improved quarterly profits and some positive signs in the economic reports.

Markets remain vulnerable to a pullback following last year's big rally, in which the S&P 500 gained 23%. Between bottoming at a 12-year low in March of 2009 and the end of the year, the S&P 500 gained 65%.
How the U.S. can avoid the Greek problem

Debt crisis: European leaders have reached a deal to help debt-ridden Greece avoid defaulting on its debt, although details were not expected to be finalized until Monday.

The intervention marks the first time the 16-nation bloc that shares the euro currency has had to bail out a member since the currency zone was created 11 years ago. The deal is expected to involve some form of loans.

Worries that a Greek default would spread to other debt-ridden European nations and destabilize the euro have dragged on global markets for weeks. Portugal, Italy, Ireland and Spain are also heavily debt-laden.

The concern had caused a flight from risk, with investors dumping the euro, U.S. stocks and commodities, and putting money into the dollar and government debt.
0:00 /4:17Greece's debt crisis

Economy: The number of Americans filing new claims for unemployment fell to 440,000 last week from 483,000 in the previous week. Economists surveyed by thought claims would fall to 465,000.

Continuing claims, a measure of those who have been receiving benefits for a week or more, fell to 4,538,000 from 4,617,000 in the previous week. Economists expected 4.6 million claims.

Economists say as many as 150,000 jobs could be lost in February following back-to-back blizzards in the Northeast region, with the storms keeping people home from work and stalling hiring.

A separate report showed foreclosure filings fell almost 10% in January versus the previous month. However the report from Realty Trac also showed that filings rose 15% from a year earlier.

Company news: Boston Scientific (BSX, Fortune 500) reported a smaller quarterly loss versus a year earlier on higher quarterly sales. The medical device maker also announced a restructuring, including a cut of between 8% and 10% of its workforce. Shares fell 10% in unusually active New York Stock Exchange trading.

Power company FirstEnergy (FE, Fortune 500) said it is buying Allegheny Energy (AYE) in an all-stock deal worth $4.7 billion. Shares of Allegheny rallied 11.8% in active New York Stock Exchange trading.

World markets: European markets ended mixed, with London's FTSE 100 up 0.6% and France's CAC 40 down 0.5%. Asian markets ended higher.

The dollar and commodities: The dollar rallied versus the euro and fell against the Japanese yen.

U.S. light crude oil for March delivery rose 76 cents to settle at $75.28 a barrel on the New York Mercantile Exchange.

COMEX gold for April delivery rose $18.40 to settle at $1,094.70.

Bonds: Treasury prices fell, raising the yield on the 10-year note to 3.72% from 3.68% late Wednesday. Treasury prices and yields move in opposite directions.

Market breadth was positive. On the New York Stock Exchange, winners beat losers on volume of 1.08 billion shares. On the Nasdaq, advancers beat decliners nearly three to one on volume of 2.15 billion shares.


Yahoo! Finance

4:30 pm : Participants continue to take their cues from the dollar, which surrendered a strong gain against a basket of foreign currencies to give both stocks and commodities a broad-based lift.

Stocks actually started the session on weak footing as the Dollar Index made its way from a moderate loss to a healthy gain. The move led many to dismiss a relatively pleasing weekly jobless claims report, which featured a larger-than-expected decline in initial jobless claims to 440,000 and a continuing claims tally of 4.54 million -- a one-year low.

Participants also shrugged off China's softer-than-expected January consumer inflation reading, which helped Hong Kong's Hang Seng spike 1.9% (Japan's Nikkei was closed). The news wasn't cheered as much in mainland China, where the Shanghai Composite tacked on an unimpressive 0.1%.

Leaders from the European Union finally stepped forward to officially announce that financial assistance will be made available to Greece. No specific plan was provided, though, so many continue to speculate how much money will be involved and whether aid will extend to other countries that currently face fiscal challenges. Unlike earlier this week, the notion of such support failed to bolster the euro, which in turn gave the greenback room to run.

The Dollar Index was up as much as 0.6% this session. That put it back in touch with its weekly high, which was set Monday. However, the greenback eventually gave up its gain and finished flat.

The reversal represented an impetus for stocks to make a broad push higher. Natural resource plays made the best gains as both the materials sector and the energy sector advanced 1.6%, more than any other major sector. More impressive was that they outperformed the broader market for the entire session, even in the face of a firmer dollar during the early going.

Large-cap tech also exhibited considerable strength this session. That helped the Nasdaq book a better gain than either of its counterparts.

Financials had outperformed in the previous session, but lagged this time around. The sector mustered a mere 0.2% gain amid a pair of daunting headlines. The first was a feature from Financial Times that Gordon Brown, of the United Kingdom, indicated that leading economies are close to agreeing on a global bank tax. News that Senators Warner and Corker continue to work to put financial regulation back on track followed. Still, diversified bank stocks were able to trim collective losses of more than 1% to a more moderate 0.4% into the close.

Commodities also had a strong session, such that the CRB Commodity Index closed with a 1.3% gain at its weekly high. Precious metals were especially strong as they closed 2.3% higher, collectively.

Participants showed little taste for Treasuries this session. Part of that was owed to strength among stocks, while some stemmed from disappointing demand at a $16 billion auction of 30-year Bonds. The auction attracted a bid-to-cover ratio of 2.36 and an indirect bid of 28.5%. Its yield came in at 4.72%, which is above the 4.69% that had been expected by analysts.

Advancing Sectors: Materials (+1.6%), Energy (+1.6%), Industrials (+1.5%), Consumer Discretionary (+1.1%), Tech (+1.1%), Consumer Staples (+0.9%), Health Care (+0.7%), Utilities (+0.5%), Telecom (+0.5%), Financials (+0.2%)
Declining Sectors: (None)DJ30 +105.81 NASDAQ +29.54 NQ100 +1.5% R2K +1.6% SP400 +1.4% SP500 +10.34 NASDAQ Adv/Vol/Dec 1975/2.13 bln/679 NYSE Adv/Vol/Dec 2337/1.08 bln/692

3:35 pm : Commodities surged this session as the dollar index pared its gains.

Precious metals were especially strong; they closed 2.3% higher. April gold finished 1.7% higher at $1094.70 per ounce and March silver finished 1.9% higher at $15.59 per ounce.

March crude oil hit a session low at $73.38 per barrel as the dollar hit its session highs. It then traded back to above the $75 level, where it was trading in the overnight electronic trading. March crude oil closed 1.0% higher at $75.28 per barrel.

March natural gas hit lows at the unchanged level at $5.29. Its subsequent move higher led to a 2.1% gain at $5.40 per MMBtu.DJ30 +100.59 NASDAQ +27.07 SP500 +9.18 NASDAQ Adv/Vol/Dec 1881/1.75 bln/764 NYSE Adv/Vol/Dec 2208/775 mln/804

3:00 pm : Stocks continue to trade near session highs with broad-based gains. This afternoon's tone has come in rather stark contrast to early action, when the broader market had been knocked for a loss amid widespread weakness.

Primarily, the improved mood among participants stems from a pullback in the greenback, which had been up as much as 0.6% against a basket of foreign currencies before it handed back all of that gain.

The dollar's retreat has not only been helpful to stocks, but to commodities, as well. In turn, the CRB Commodity Index is up 1.3% shortly after the close of pit trade. DJ30 +103.69 NASDAQ +27.66 SP500 +9.79 NASDAQ Adv/Vol/Dec 1866/1.59 bln/762 NYSE Adv/Vol/Dec 2220/710 mln/768

2:30 pm : Financials fell behind the broader market midmorning and have failed to catch up. As such, the sector currently trades with a tepid 0.2% gain, while the S&P 500 and the Dow both sport 1.0% gains.

Amid the broader market's advance, volatility has moved markedly lower. Specifically, the Volatility Index, or VIX, is down 4.7%. It is still up 11.6% in the new year, though.

Trading volume has been unimpressive this session. Little more than an hour remains before the toll of the closing bell and, yet, fewer than 700 million shares have exchanged hands on the NYSE. DJ30 +116.54 NASDAQ +31.32 SP500 +11.36 NASDAQ Adv/Vol/Dec 1821/1.45 mln/775 NYSE Adv/Vol/Dec 2240/651 mln/734

2:00 pm : Stocks recently moved another leg higher, but were rebuffed as the S&P 500 came in contact with the 1080 line, which marks a weekly high for the stock market. Still, gains remains strong and broad-based as more than 80% of the components in the S&P 500 sport gains.

Tech and financial issues make up the most actively traded names by volume in the S&P 500 this session, but Boston Scientific (BSX 7.60, -0.69) tops the list. Boston Scientific met earnings expectations for its latest quarter, but a recent article from The Wall Street Journal indicated that two of the company's defibrillator brands may have design flaws.

Commodities also continue to fare well. As such, the CRB Commodity Index is up 1.2% to a fresh weekly high. DJ30 +99.23 NASDAQ +28.26 SP500 +9.51 NASDAQ Adv/Vol/Dec 1774/1.35 bln/811 NYSE Adv/Vol/Dec 2192/606 mln/784

1:30 pm : Stocks have extended their gains to fresh session highs as the dollar drifts further downward to trade flat against competing currencies.

Strength among stocks has kept steady pressure on Treasuries, which haven't been helped by the latest round of auction results. Results from a $16 billion auction of 30-year Bonds attracted a bid-to-cover ratio of 2.36 and an indirect bid of 28.5%. Its yield came in at 4.72%, which is above the 4.69% that had been expected by analysts.DJ30 +113.14 NASDAQ +29.34 SP500 +10.72 NASDAQ Adv/Vol/Dec 1778/1.23 bln/809 NYSE Adv/Vol/Dec 2194/548 mln/771

1:00 pm : A bounce by the dollar caused stocks to start the session on weak footing, but the major equity averages have managed to rally to solid gains in broad-based fashion.

The greenback's early move from a modest loss to a healthy gain caused participants to shrug off a larger-than-expected decline in weekly jobless claims, a surprise dip in China's consumer inflation reading, and news that financial help will be made available to Greece. The Dollar Index was up 0.6% at its session high and in close reach of its weekly high.

A stronger dollar weighed on the broader market, but natural resource stocks managed to resist most of the pressure. In turn, a pullback in the greenback sent materials stocks and energy stocks to strong gains -- the Dollar Index now trades with a tepid 0.1% gain, while the materials and the energy sector are up 1.2% and 1.3%, respectively.

Not to be outdone, tech stocks are up 1.2% amid strength in large-cap tech issues. Intel (INTC 20.13, +0.44) is a primary leader in the pack and has helped the Philadelphia Semiconductor Index (SOX 330.55, +7.15) climb to a 2.2% gain.

Financials have been absent from this session's bounce. The sector is currently flat as diversified bank stocks (-0.8%) cast a weight. A report from Financial Times that Gordon Brown, of the United Kingdom, indicated that leading economies are close to agreeing on a global bank tax has been met with a negative response, as has news that Senators Warner and Corker have worked to put financial regulation back on track.

Insurers have also been weak in the wake of an earnings miss from Prudential (PRU 48.38, -0.50).

In other earnings news, PepsiCo (PEP 60.75, +0.37) also came short of the consensus, but has managed to garner support, nonetheless.

Treasuries have struggled this session as both the 10-year Note and the 30-year Bond are down firmly. Results from an auction of 30-year Bonds will be released imminently. DJ30 +84.50 NASDAQ +23.65 SP500 +7.30 NASDAQ Adv/Vol/Dec 1645/1.09 bln/898 NYSE Adv/Vol/Dec 2094/491 mln/830

12:30 pm : Stocks have steadied their ascent, such that the S&P 500 has entered a rather narrow trading range just above the 1075 line.

Though gains remain broad based, financials continue to lag and make up the only major sector to trade with a loss -- they are down 0.1%, collectively. Most of the sector's weakness stems from losses among diversified financial services stocks (-0.4%) and diversified banks (-0.9%). Shares of European banks are also considerably weak as Gordon Brown, of the United Kingdom, indicated in a Financial Times report that leading economies are close to agreeing on a global bank tax. Barclays (BCS 16.95, -0.46) and Deutsche Bank (DB 61.38, -1.36) are especially weak. DJ30 +85.25 NASDAQ +26.59 SP500 +7.33 NASDAQ Adv/Vol/Dec 1660/998 mln/868 NYSE Adv/Vol/Dec 2065/455 mln/844

12:00 pm : Stocks have rallied from an early slip to trade at fresh session highs with solid, broad-based gains. The bounce comes despite a firmer dollar, which continues to trade with a 0.3% gain against a basket of foreign currencies.

More impressive is that natural resource plays have garnered support in the face of the firmer dollar. As such, energy stocks are up 1.4% and oil prices are up to a 1.0% gain at 75.25 per barrel. Meanwhile, materials stocks are up 1.2% as gold climbs to a 1.6% gain at $1093 per ounce and the CRB Commodity Index climbs to a 0.9% gain.

Not to be ignored, tech stocks are up 1.2% amid strength in large-cap tech issues like Apple (AAPL 198.31, +3.19) and Intel (INTC 20.10, +0.41). Intel's leadership has the Philadelphia Semiconductor Index (SOX 329.92, +6.52) up 2.0%. DJ30 +90.77 NASDAQ +22.75 SP500 +7.85 NASDAQ Adv/Vol/Dec 1258/864 mln/944 NYSE Adv/Vol/Dec 2038/405 mln/852

11:30 am : Stocks have pushed into positive territory in a broad-based move, but financials (-0.2%) and utilities (-0.2%) continue to lag.

The ascent has taken the materials sector and the energy sector to fresh session highs, where they both sport gains of 0.8%. Metals plays continue to outperform in the materials sector -- SPDR Gold Trust (GLD 106.65, +1.53) and IShares Silver Trust (SLV 15.14, +0.19). Oil and gas drillers and oil and gas explorers are leaders in the energy sector -- SPDR Oil & Gas Exploration and Production (XOP 40.32, +0.39). DJ30 +42.32 NASDAQ +11.41 SP500 +3.09 NASDAQ Adv/Vol/Dec 1269/716 mln/1173 NYSE Adv/Vol/Dec 1733/340 mln/1117

11:00 am : Financials, which outperformed in the previous session, are among the weakest performing issues this session. The group is currently down a collective 0.8% as diversified banks (-1.5%) and life and health insurers (-1.4%) come under stiff pressure. Prudential (PRU 48.19, -0.69) is particularly weak after it announced fourth quarter earnings that fell short of analysts' expectations.

Though defensive-oriented, utilities stocks are down a collective 0.8%, too. FirstEnergy (FE 39.20, -2.26) is a primary laggard in the group after it was announced that the company will merge with Allegheny Energy (AYE 23.26, +2.24) in a stock-for-stock transaction that will award Allegheny shareholders 0.667 shares of FE for every share of AYE owned. DJ30 -19.42 NASDAQ -5.38 SP500 -3.63 NASDAQ Adv/Vol/Dec 930/537 mln/1441 NYSE Adv/Vol/Dec 1204/272 mln/1596

10:30 am : The US Dollar Index was slowly trending higher for the vast majority of today's session, which continued to pressure most of the commodity complex. However, in the last 30 minutes, the Index is pulling off session highs of 80.354, providing price support to most of the group.

March crude oil was trending off highs of $75.42 per barrel as the dollar strengthened until hitting lows of $74.04 per barrel just after 10:00 ET. Crude recently bounced off that level and is trading around the unchanged line at $74.39 per barrel, down 0.2%. March natural gas has remained in positive territory during today's session so far, hitting highs earlier this morning at $5.416 per MMBtu. The energy component has since pulled back and is trading at $5.366 per MMBtu, 1.4% higher.

Weakness in the dollar kept precious metals in the black for most of the session. April gold hit highs of $1087.50 per ounce, but has since pulled back near the unchanged line, while March silver just hit lows of $15.175 per ounce, but has also moved back near the unchanged line. Gold is currently 0.2% higher at $1078.80 per ounce and silver is 0.3% lower at $15.26 per ounce. DJ30 -2.94 NASDAQ -1.20 SP500 -0.93 NASDAQ Adv/Vol/Dec 1013/389.8 mln/1300 NYSE Adv/Vol/Dec 1400/201.1 mln/1353

10:00 am : Stocks continue to trade with broad-based losses in the early going, but the market was able to make a bit of a bounce as the S&P 500 came within close reach of the previous session's low.

Materials stocks have managed to make their way back to the neutral line, despite the greenback's gain. The materials sector is currently helped by steel stocks and diversified metals and miners plays, which are up a respective 1.2% and 0.9%.

Advancing Sectors: (None)
Declining Sectors: Utilities (-0.7%), Financials (-0.6%), Tech (-0.5%), Health Care (-0.4%), Telecom (-0.4%), Consumer Discretionary (-0.3%), Consumer Staples (-0.3%), Energy (-0.2%), Industrials (-0.1%)
Unchanged: MaterialsDJ30 -17.83 NASDAQ -8.16 SP500 -3.40 NASDAQ Adv/Vol/Dec 794/220 mln/1403 NYSE Adv/Vol/Dec 1089/124 mln/1556

09:45 am : Stocks are broadly lower with varied losses as the dollar continues to trade with a gain against competing currencies. More specifically, the Dollar Index is up nearly 0.4% and all 10 major sectors are in negative territory with losses that range from the energy sector's 0.3% decline to the utilities sector's 1.1% decline.

Despite the general weakness among stocks, Treasuries haven't garnered any support yet. Both the 10-year Note and the 30-year Bond are down a few ticks. Results from an auction of 30-year Bonds will be released at 1:00 PM ET. DJ30 -49.95 NASDAQ -12.55 SP500 -6.12 NASDAQ Adv/Vol/Dec 767/118 mln/1339 NYSE Adv/Vol/Dec 865/77 mln/1689

09:15 am : S&P futures vs fair value: -3.00. Nasdaq futures vs fair value: -3.50. Choppy action has given way to relative weakness among stock futures after they had traded with moderate gains earlier this morning. The recent pullback comes primarily as a result of the dollar's recent move from negative to positive ground, such that it now trades with a 0.3% gain against competing currencies. That has offset news that weekly jobless claims fell more-than-expected week-over-week and that continuing claims hit their lowest level since December 2008. More official reports in regard to financial aid for Greece have also been generally shrugged off since no clear or specific plans have been provided by involved parties. European stocks have moved in mixed fashion in the wake of the headlines, but some of Asia's major markets were able to make strong gains after surprisingly soft consumer inflation data for January was released.

09:00 am : S&P futures vs fair value: -3.60. Nasdaq futures vs fair value: -3.30. U.S. stock futures have made a sudden pullback to trade flat relative to fair value, while Europe's bourses are mixed amid reports that the European Union has announced that a deal has been reached to provide financial aid to Greece. In Britain, the FTSE is up 0.6% as commodity plays provide support. Rio Tinto (RTP) has been helped by news that its second-half profit exceeded expectations. However, banks have been beaten down a bit as Royal Bank of Scotland (RBS) and Lloyds Banking (LYG) drop markedly. In a recent Financial Times report, the United Kingdom's Gordon Brown indicated that a global bank tax is near. Meanwhile, weakness among German financials, like Deutsche Bank (DB), have Germany's DAX down 0.2%. Lufthansa, Germany's largest airline, has dropped in sympathy to weak results from Air France. France's CAC is currently off by 0.1%, hampered by disappointing reports, including that of Air France. Alcatel-Lucent (ALU) was among those that disappointed with its lowered profit-margin target. In Asia, the MSCI Asia Pacific Index, excluding Japan, advanced 1.8%, while Japan's Nikkei was closed. In Hong Kong, the Hang Seng climbed 1.8% for its third straight gain, which came after three consecutive declines. The mood in the latest showing was helped by an unexpected slowdown in China's consumer inflation during Januar. HSBC (HBC) was a primary leader, along with Bank of China. In mainland China, the Shanghai Composite finished an unimpressive 0.1% higher.

08:35 am : S&P futures vs fair value: +1.90. Nasdaq futures vs fair value: +5.30. Initial jobless claims for the week ended Feb. 6 totaled 440,000, which is fewer than the 465,000 claims that had been expected and down 43,000 from the previous week. The week-over-week decline trimmed the four-week moving average for initial claims to 468,500 from 469,500. Meanwhile, continuing claims came in at 4.54 million, which is below the anticipated total of 4.60 million continuing claims and down from the continuing claims total of 4.62 million in the previous week. Stock futures have improved their position in the wake of the news, even though the dollar has reversed its losses to trade flat.

08:00 am : S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +3.00. The dollar remains in focus this morning as another flurry of headlines about a possible support plan for Greece hits newswires. The latest batch has indicated that the president of the European Union has agreed that action, in no specific manner, will be taken to help Greece, but that Greece has not officially asked for help. Unlike earlier this week when speculation over such a plan heated up, the euro has failed to find much support and has been left to trade flat. Meanwhile, the dollar is down moderately, but that's been enough to give stock futures support. Participants turn their eyes to the latest weekly jobless claims numbers at the bottom of the hour. Results from an auction of 30-year Bonds at 1:00 PM ET will also draw attention.

06:42 am : S&P futures vs fair value: -1.00. Nasdaq futures vs fair value: -1.30.

06:42 am : Nikkei...Holiday......... Hang Seng...20290.69...+368.50...+1.90%.

06:42 am : FTSE...5166.72...+34.90...+0.70%. DAX...5533.50...-2.90...-0.10%.

Special thanks to Yahoo! Finance and CNNMoney for their market summaries. gm

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

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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