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 Post subject: February 24th Wednesday 2010 Emini TF ($TF_F) points +3.90
PostPosted: Thu Feb 25, 2010 9:25 am 
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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=71&t=456.

Quote:
Today's results are 7 wins : 6 losses. Good trading in the a.m. trading session but got slapped around in some contracting volatility in the p.m. trading sesssion.

Trading Tip: Trading while undercapitalized, the odds are not good you'll be a consistently profitable trader.


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: +3.90 points in the ICE Russell 2000 Emini TF ($TF_F) Futures

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Stocks Surge On Renewed Optimism
By Alexandra Twin, senior writer
February 24, 2010: 5:44 PM ET

NEW YORK (CNNMoney.com) -- Stocks rallied Wednesday after Federal Reserve Chairman Ben Bernanke again pledged to keep interest rates low for the foreseeable future, reassuring investors worried about the outlook for the economy.

The Dow Jones industrial average (INDU) gained 91 points, or 0.9%, while the S&P 500 index (SPX) rose 11 points, or 1%. The Nasdaq composite (COMP) added 22 points, or 1%.

Stocks posted slim gains in the early going, lost some steam after a worse-than-expected new home sales report and then turned higher again after the Fed chief began speaking. The gains continued throughout the session.

"Bernanke said they are going to keep the fed funds rate low, the dollar got hit and people started buying stocks," said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams.

The weaker dollar lifted dollar-traded commodities and big corporations that do a lot of business overseas. Financial and technology shares were also on the rise.

Investors were digging back in after a two-session decline. That retreat occurred as a lackluster forecast on consumer spending and a plunge in consumer confidence amplified concerns about the strength of the recovery.

Stocks managed to advance in the previous two weeks as investors focused on the positives in company and economic news, after a four-week rout.

Bernanke: In his first day on Capitol Hill, Bernanke told the House Financial Services Committee that while the economic recovery is moving along, the job market remains weak. Against this backdrop, the Fed is unlikely to lift the fed funds rate, the key overnight bank lending rate, anytime soon.

Bernanke was testifying before the House Wednesday and was scheduled to appear before the Senate Thursday.

"I don't think Bernanke is breaking a lot of new ground here," said Scott Anderson, senior economist at Wells Fargo. "A lot of his testimony is defending the Fed's actions during the crisis, while the economic outlook is similar to the minutes from the last Fed meeting."

Investors are looking for more on how and when the central bank plans to unwind emergency programs that were put in place at the height of the financial crisis, particularly after the Fed boosted the discount rate last week.

The Fed boosted the discount rate -- the emergency bank lending rate -- by a quarter-percentage point to 0.75%. It was a largely symbolic move in a rate that is rarely used by banks, but it was also the first rise in rates in over a year and the first move in any direction for rates in over two years.

The move was another step toward returning monetary policy to a so-called normalized state after the extraordinary measures of the last two years.

In his early statements, Bernanke implied that the Fed will at some point need to raise the fed funds rate but that such a move is not likely to happen soon, considering the still-moderate pace of recovery.
0:00 /1:47Who is Toyoda?

On the move: Big financial firms JPMorgan Chase (JPM, Fortune 500), Morgan Stanley (MS, Fortune 500) and Bank of America (BAC, Fortune 500) all rallied, along with regional banks such as Keycorp (KEY, Fortune 500), Fifth Third Bancorp (FITB, Fortune 500) and Regions Financial (RF, Fortune 500).

In deal news, printing services firm R.R. Donnelley (RRD, Fortune 500) said it is buying Bowne & Co. (BNE), a printer of corporate regulatory filings, in a deal worth $481 million. The $11.50 per share all-cash deal values the stock at more than 60% over Friday's closing prices.

Shares of Bowne & Co. rallied 60% in unusually-active New York Stock Exchange trading, while RR Donnelley shares gained 1%.

Shares of STEC (STEC) plunged almost 24% in unusually active Nasdaq trading after the company issued a 2010 profit forecast late Tuesday that disappointed investors. The computer data storage firm forecast revenue in a range that is more than 50% below analysts' forecasts and said it would report a quarterly loss, versus current forecasts for a profit.

JPMorgan Chase led the list of analysts downgrading or cutting forecasts on the company on Wednesday.

Market breadth was positive. On the New York Stock Exchange, winners beat losers by more than three to one on volume of 1.01 billion shares. On the Nasdaq, advancers beat decliners eight to five on volume of 2.13 million shares.

Toyota: The carmaker faced Congressional scrutiny for the second-straight day, with company president Akio Toyoda speaking before the House Oversight Committee regarding the recall of millions of vehicles over safety issues.

Toyoda, speaking through a translator, apologized for the safety problems that led to deaths, injuries and the eventual recall of more than 8 million vehicles with brake problems.

The company said it is creating a system that will make it easier for customer complaints to be addressed and that it is forming a "quality advisory group" to seek input on safety and quality measures.

On Tuesday, witnesses argued that the problems with the brakes could be tied to the vehicles' electronic throttle system, but Toyoda disputed that.

Transportation Secretary Ray LaHood testified earlier Wednesday, refuting claims that the National Highway Traffic Safety Administration (NHTSA) was a "lap dog" for the auto industry in dealing with safety claims. The NHTSA is part of the Transportation Department.

New home sales: Sales of new homes tumbled to the lowest level on record in January, the government reported Wednesday, surprising economists who expected a rise in sales.

Sales fell 11% to a 309,000 annual unit rate from 348,000 in the previous month. Economists expected sales to rise to a 354,000 annual unit rate.

"It's a quite disappointing number," said Anderson. "We saw incredible weakness in new home sales following the improvements we saw in the fall."

He said the improvements in the fall were largely a result of the tax rebates for buyers and that, with the impact of those rebates fading, sales have dropped off. But the existing home sales market is improving, he said, and the overall outlook for housing is getting better.

Jobs: The Senate approved a $15 billion jobs creation bill that gives businesses tax breaks for hiring the unemployed and extends tax breaks that encourage companies to buy equipment.

World Markets: In overseas trading, major European markets ended with moderate gains. Asian markets ended lower.

The dollar and commodities: The dollar tumbled versus the euro and the yen.

The dollar's weakness gave a boost to dollar-traded commodities.

U.S. light crude oil for April delivery rose $1.14 to settle at $80 a barrel on the New York Mercantile Exchange.

COMEX gold for April delivery fell $6 to settle at $1,097.20 per ounce.

Bonds: Treasury prices fell, raising the yield on the 10-year note to 3.69% from 3.68% late Tuesday. Treasury prices and yields move in opposite directions.

Image

Yahoo! Finance

4:35 pm : Despite an early slip, both stocks and commodities were able to rebound from their losses in the prior session.

Coming off of its worst single-session percentage drop in more than two weeks, the stock market bounced back in a strong move that finished with stocks near their session highs. The gains didn't come easy, though; stocks were pressured in the early going by disappointing new home sales for January and a negative knee-jerk response to prepared remarks from Fed Chairman Bernanke.

New home sales for January fell 11.2% month-over-month in their worst monthly downturn since January 2009. The drop took new home sales to an annualized rate of 309,000 units, which is below the pace of 354,000 units that had been expected.

In a prepared statement for his semiannual testimony on monetary policy, Fed Chairman Bernanke indicated that the FOMC continues to anticipate a moderate pace of economic recovery and that inflation is expected to remain subdued, but at some point the Fed will need to begin to tighten monetary conditions to prevent inflationary pressures.

With the outlook for economic growth and inflation unchanged, the dollar came under pressure and fell to a loss of 0.7% against competing currencies. That pullback spurred a broad-based bid in the stock market, but financials provided the most support. The sector netted a 1.7% gain, more than any other major sector.

Retailers also had a strong session. The sector outperformed for the second straight session with a 2.0% gain.

Stocks started to drift lower from their session highs as the greenback rallied in afternoon action to close with a loss of just 0.1%. However, the S&P 500 found technical support at the 1100 line. It worked its way back toward session highs to close in its resistance zone.

Though the broader market was able to shrug off the dollar's rally, materials stocks still came under pressure. The sector's 0.1% loss made it the only sector that failed to log a gain.

While materials stocks struggled, commodities managed to move higher in the face of the dollar's upturn. That gave the CRB Commodity Index a 0.9% gain.

Oil was especially strong. It finished 1.3% higher at $79.93 per barrel, despite a larger-than-expected build in weekly crude oil inventories.

Treasuries had a lackluster session as a $42 billion auction of 5-year Notes drew a yield of 2.395% and attracted a bid-to-cover ratio of 2.75 and an indirect bidder participation of 40.3%.

Advancing Sector(s): Financials (+1.7%), Consumer Discretionary (+1.3%), Tech (+1.1%), Industrials (+0.9%), Energy (+0.8%), Health Care (+0.8%), Consumer Staples (+0.7%), Telecom (+0.4%), Utilities (+0.1%)
Declining Sector(s): Materials (-0.1%)DJ30 +91.75 NASDAQ +22.46 NQ100 +1.0% R2K +0.9% SP400 +0.9% SP500 +10.64 NASDAQ Adv/Vol/Dec 1649/2.13 bln/991 NYSE Adv/Vol/Dec 2223/1.01 bln/817

3:30 pm : Even though the dollar index pared the majority of its early losses, commodities trended higher throughout the session.

Energy commodities fared especially well, gaining 1.2%, collectively. The rally in the equity markets helped, as did an unexpected draw in gasoline inventories, reported by the Department of Energy this morning. April gasoline futures finished 1.6% higher at $2.20 per gallon. April crude oil finished 1.3% higher at $79.93 per barrel despite a greater-than-expected build in crude oil inventories. March natural gas closed 1.3% higher at $4.86 per MMBtu.

Precious metals had a relatively quiet session. April gold closed 0.6% lower at $1096.80 per ounce. March silver closed 0.3% higher at $15.94 per ounce.

Industrial metals lagged the broader commodity index this session. Although copper futures finished modestly higher, aluminum and nickel futures closed in excess of 1.0% lower. DJ30 +74.60 NASDAQ +17.16 SP500 +8.17 NASDAQ Adv/Vol/Dec 1518/1.74 bln/1113 NYSE Adv/Vol/Dec 2062/736 mln/944

3:00 pm : Following an hour-long standstill, the Dollar Index has trimmed some more of its loss, such that it is now down just 0.1% for the session. The dollar had been down 0.7% at its session low.

The greenback's improved position has caused stocks to pull back to an afternoon low. Though the S&P 500 has found technical support at the psychologically significant 1100 line, the materials has fallen to a fresh session low to trade with a 0.6% loss.

While materials stocks have struggled in recent action, commodities have managed to move higher in the face of the dollar's upturn. In turn, the CRB Commodity Index is up 0.9% to a fresh session high. DJ30 +67.87 NASDAQ +17.61 SP500 +7.52 NASDAQ Adv/Vol/Dec 1549/1.58 bln/1061 NYSE Adv/Vol/Dec 2052/664 mln/963

2:30 pm : Retailers are having another strong session. The group is up a collective 1.6% as Macy's (M 19.37, +0.70), Target (TGT 51.02, +0.96), and Sears Holdings (SHLD 95.66, +1.86) provide leadership. The trio made headlines ahead of the previous session with better-than-expected earnings results. Despite that feat SHLD was actually a laggard in the previous session.

Meanwhile, the broader market has started to drift downward from the session highs that it hit roughly one hour ago. The gradual descent has caused the materials sector to join the utilities sector in negative territory. Both sectors trade with a 0.3% loss. DJ30 +81.93 NASDAQ +22.22 SP500 +8.98 NASDAQ Adv/Vol/Dec 1621/1.44 bln/981 NYSE Adv/Vol/Dec 2140/606 mln/868

2:00 pm : The S&P 500 continues to trade along the 1105 line with broad-based gains, while the dollar is at a standstill with a 0.2% loss.

Utilities stocks continue to underperform the broader market with a 0.2% loss. The sector has lagged since the opening bell as NRG Energy (NRG 21.80, -0.46) acts as a primary source of weakness for the second straight session.

Still, support for stocks in the broader market has brought down volatility. In turn, the Volatility Index is down 4.0%. DJ30 +95.76 NASDAQ +25.87 SP500 +10.49 NASDAQ Adv/Vol/Dec 1658/1.34 bln/923 NYSE Adv/Vol/Dec 2224/562 mln/774

1:30 pm : Stocks were recently lifted another leg higher, but the move didn't come with much of an increase in trading volume, which currently stands at 525 million shares on the NYSE. Nonetheless, stocks are at fresh session highs.

The stock market's move has added pressure to Treasuries, which had already dipped a bit after the release of results from a $42 billion auction of 5-year Notes. The auction drew a yield of 2.395% and attracted a bid-to-cover ratio of 2.75 and an indirect bidder participation of 40.3%. DJ30 +101.20 NASDAQ +25.74 SP500 +10.96 NASDAQ Adv/Vol/Dec 1622/1.23 bln/950 NYSE Adv/Vol/Dec 2214/525 mln/747

1:05 pm : Stocks remain near session highs, just below near-term resistance, after financials and tech stocks helped lead the broader market on a rebound from session lows that were set in the wake of comments from Fed Chairman Bernanke.

Prepared remarks from Chairman Bernanke for a testimony on monetary policy to the House Financial Services Committee were met with a knee-jerk selling response. Pressure persisted to the point that nearly all of the stock market's opening gains were surrendered, though the statement didn't contain any new insights or plans for monetary policy. That included the presumption that inflationary conditions will remain subdued, thereby supporting the notion that rates will remain low for an extended period of time.

Amid such consideration, the dollar extended its morning slide so that it traded with a loss of 0.7% against competing currencies. The drop helped the stock market stage a rebound, which has remained intact, even though the dollar has since improved its position so that it now trades with a 0.2% loss.

Financials have provided considerable support to the stock market; the sector is up 1.5%, more than any other, as it rebounds from its 1.8% loss in the previous session. With a 2.4% gain, regional banks are among the best performers in the sector.

Tech stocks are up solidly with a 1.2% gain. Semiconductor stocks led the sector lower in the previous session, but they have snapped back to sport a 2.1% gain.

Tech and financials make up the two largest sectors by weight in the S&P 500. Together, they account for more than 30% of the index's weight.

Despite leadership from the two largest sectors in the stock market, the S&P 500 has been unable to extend its gains through near-term resistance, which stands around the 1105 line. DJ30 +85.40 NASDAQ +23.33 SP500 +8.93 NASDAQ Adv/Vol/Dec 1609/1.15 bln/944 NYSE Adv/Vol/Dec 2129/488 mln/806

12:30 pm : The 1105 mark continues to rebuff the S&P 500, which recently made a modest attempt to challenge the technical line.

Though stocks are in a bit of a standstill, oil prices have managed to rally. Prices for crude oil were sent to a modest loss in the moments that immediately followed the release of the latest weekly oil inventory data, which showed a larger-than-expected build, but oil prices have since bounced to a 1.2% gain at $79.75 per barrel. Oil's advance has helped lift the energy sector to a 0.8% gain after it had slipped to a modest, midmorning loss. DJ30 +86.46 NASDAQ +22.65 SP500 +9.01 NASDAQ Adv/Vol/Dec 1580/1.05 bln/950 NYSE Adv/Vol/Dec 2103/446 mln/829

12:00 pm : The stock market has steadied itself after a recent pullback from session highs. The dip came after stocks failed to push through a near-term resistance line and the greenback recouped some of its losses against a basket of foreign currencies.

Though the dollar has made its way off of its session low to trade with a 0.4% loss, it nonetheless has spent the entire session in negative territory. Despite this, materials stocks have lagged for the entire session. The sector is currently up just 0.2%.

Diversified metals and miners stocks are among the primary sources of weakness for the materials sector. The group is down a collective 1.1% at the moment. DJ30 +83.67 NASDAQ +22.66 SP500 +8.92 NASDAQ Adv/Vol/Dec 1593/923 mln/894 NYSE Adv/Vol/Dec 2103/399 mln/821

11:30 am : Stocks failed to extend their midmorning rally through near-term technical resistance lines and have since been met with a bit of pressure, which has put the stock market roughly 0.3% below its session high. Still, broad-based gains remain as 80% of the components in the S&P 500 trade in positive territory. DJ30 +82.00 NASDAQ +21.81 SP500 +8.32 NASDAQ Adv/Vol/Dec 1604/828 mln/865 NYSE Adv/Vol/Dec 2073/361 mln/818

11:00 am : The dollar's drop to a fresh session low, such that it has lost 0.6% against a basket of currencies, has helped the stock market rebound to a fresh session high. However, the S&P 500 has run into technical resistance at the 1105 line, which marks the low point in Monday's trade and the 62% retracement of the overall slide from this past Friday to the prior session. The 50-day moving average stands a few ponts higher at 1108.

After a 1.8% drop in the prior session, financials have made their way to a 1.4% gain. That's better than any other major sector in the S&P 500. AIG (AIG 28.19, +1.43) is a primary leader among financial issues, but regional banks are also providing support with their current 2.1% gain. DJ30 +100.82 NASDAQ +25.19 SP500 +9.70 NASDAQ Adv/Vol/Dec 1598/678 mln/812 NYSE Adv/Vol/Dec 2164/301 mln/716

10:30 am : The US Dollar Index has been trading in the red all session, but this is only providing modest price support to half of the Commodity CRB Index, which is -0.05 at 272.35.

April crude oil hit fresh morning highs of $79.36 per barrel less than an hour ago after rallying into positive territory off earlier session lows of $78.25 per barrel. Ahead of today's inventory data (consensus called for a build of 1900K barrels), crude is $0.02 higher at $78.88 per barrel. Following the data, which showed a build of 3034K, crude fell into negative territory and is currently off $0.34 at $78.52 per barrel.

March natural gas began a nice rally around 7:30 ET, which pushed the energy component to this morning's high of $4.884 per MMBtu. Natural gas has pulled back modestly off those highs and is trading at $4.852 per MMBtu, up 1.5%. Precious metals have recovered overnight losses after April gold and March silver rose off earlier session lows of $1090.20 per ounce and $15.62 per ounce, respectively. Currently, gold is trading 0.2% higher at $1100.9 per ounce, while silver is $0.007 higher at $15.895 per ounce. DJ30 +32.05 NASDAQ +11.05 SP500 +2.50 NASDAQ Adv/Vol/Dec 1260/457.7 mln/1040 NYSE Adv/Vol/Dec 1585/197.0 mln/1217

10:05 am : Stocks recently extended their opening gains with help from a decline in the dollar, which now trades with a 0.4% loss and at a session low relative to a basket of foreign currencies.

However, stocks have since retreated in the wake of the release of Fed Chairman Bernanke's prepared remarks for his testimony on monetary policy to the House Financial Services Committee. The statement indicated that the job market is still weak, but there has been less deterioration. Bernanke also indicated that the Fed, at some point, will need to begin to tighten monetary conditions to prevent inflationary pressures, but that the FOMC continues to anticipate a moderate pace of economic recovery and that inflation is expected to remain subdued. The latter points are not out of sync with comments previously made by Fed officials.

Also just released, new home sales for January hit an annualized rate of 309,000 units, which is below the pace of 354,000 units that had been expected. The rate reflects an 11.2% month-over-month decline, which is a disappointment relative to the 3.5% monthly increase that had been expected. DJ30 +52.83 NASDAQ +19.14 SP500 +6.49 NASDAQ Adv/Vol/Dec 1471/309 mln/761 NYSE Adv/Vol/Dec 2029/135 mln/717

09:45 am : Stocks have put together a strong start. Of the 10 major sectors, only utilities (-0.3%) are in negative territory.

Small-cap and mid-cap stocks lag the broader market in the early going. As such, the Russell 2000 is up 0.3% and the S&P 400 is up 0.3%.

Meanwhile, large-cap tech issues have helped the Nasdaq 100 make its way to a 0.8% gain. Apple (AAPL 199.04, +1.98) is a primary leader in the group. DJ30 +43.69 NASDAQ +14.00 SP500 +4.45 NASDAQ Adv/Vol/Dec 1247/142 mln/845 NYSE Adv/Vol/Dec 1852/72 mln/779

09:15 am : S&P futures vs fair value: +3.80. Nasdaq futures vs fair value: +10.50. Stock futures have had a rather choppy morning, but a flat start looks be in order for the broader equity market. Though a moderately weaker dollar has had a hand in the action of the futures market, fluctuations in the tone of trade have been relatively contained by the anticipation of Fed Chairman Bernanke's upcoming testimony about monetary policy (10:00 AM ET). The general expectation is that Bernanke will reaffirm that the fed funds rate will remain at exceptionally low levels for an extended period. In turn, such an affirmation shouldn't come as a surprise. Also at 10:00 AM ET, Treasury Secretary Geithner will take the mic to discuss the 2011 budget proposal and the new home sales numbers for January will be released. Weekly crude oil inventory data will follow at 10:30 AM ET, then results from the $42 billion auction of 5-year Treasuries at 1:00 PM ET.

09:00 am : S&P futures vs fair value: +5.00. Nasdaq futures vs fair value: +12.00. Stock futures have eased back a bit as the dollar pares part of its loss against competing currencies, but a flat start to the session still looks to be in order. Commodities are on relatively weaker footing, despite the dollar's overall decline this morning. Specifically, the CRB Commodity Index is down 0.2%. Gold is presently a primary source of weakness in the CRB as prices for the yellow metal slide 0.8% to 1093.90 per ounce. Oil prices are down fractionally to $78.75 per barrel in the first few moments of pit trade. The relatively flat price for oil precedes the weekly oil inventory announcement at 10:30 AM ET.

08:35 am : S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +11.50. U.S. stock futures are up from their morning lows, but they still point to a generally flat start. Action in Europe is somewhat uninspiring as Germany's DAX is up just 0.2% with the bourse's advancing issues edge out its decliners. France's CAC is also up 0.2% amid strength in financial services outfits Societe Generale and BNP Paribas. HSBC (HBC) continues to provide leadership to Britain's FTSE, which is up 0.4% at the moment. According to reports, factory orders in the 16 countries that share the euro posted for December new industrial orders growth of 0.8% from November and 9.5% year-over-year growth. That was the strongest annual gain since April 2008 and the first year-over-year increase since July 2008, the European Union's Eurostat statistics agency said. In Asia, the MSCI Asia Pacific Index fell 1.2% and Japan's Nikkei lost 1.5%. The moves essentially followed those of U.S. stocks during trade Tuesday. Sony (SNE) was a primary laggard, but Toyota Motor (TM) was also weak, despite apologies from company officials during a testimony to U.S. officials. Reuters reports Japanese exports surged a stronger-than-expected 40.9% in January from a year earlier. In Hong Kong, the Hang Seng shed 0.8%. Banks and resources stocks led declines. In mainland China, the Shanghai Composite managed to put together a 1.3% gain as as speculation in small-cap shares offset negative factors.

08:00 am : S&P futures vs fair value: +5.60. Nasdaq futures vs fair value: +12.80. Premarket trade has been a bit choppy, but stock futures have managed to find firmer footing amid a weakened dollar, which is currently down nearly 0.3% against a basket of foreign currencies. As for overseas action, Europe's bourses are up modestly, but Asia's major markets followed U.S. stocks sharply lower. Economic data is generally limited to the January New Home Sales Report at 10:00 AM ET, but Fed Chairman Bernanke is scheduled to make a semianual monetary policy report to the House Committee on Financial Services at 10:00 AM ET. Results from an auction of 5-year Treasuries are due at 1:00 PM ET.

06:30 am : S&P futures vs fair value: +1.80. Nasdaq futures vs fair value: +7.30.

06:30 am : Nikkei...10198.83...-153.30...-1.50%. Hang Seng...20467.74...-155.30...-0.80%.

06:30 am : FTSE...5326.04...+11.00...+0.20%. DAX...5592.87...-11.00...-0.20%.

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)
Image@ http://twitter.com/wrbtrader

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