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 2:21 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: March 9th Tuesday 2010 Emini TF ($TF_F) points +5.70
PostPosted: Tue Mar 09, 2010 5:15 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=72&t=465.

Quote:
Today's results are 7 wins : 2 losses. I'm still resolving some personal issues with the family along with doing some post winter cleanup to get ready for the spring. Simply, I missed most of the morning trading session. Didn't catch any profitable runners in the p.m. trading session but I the profitable trades I did catch were big enough to make trading the p.m. session worthwhile. The trade of the day that I missed was around 1115am est via a Long signal...I had just left the computer to go outside @ 1110am est. Other than that, I traded very conservatively and minimized the losses on my losers prior to their stop/loss protection being hit.

Trading Tip: Retail traders that trade from home need to ensure they eat healthy, exercise regular along with taking breaks from trading during the day to ensure a healthy outlook for the profession of 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.

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: +5.70 points in the ICE Russell 2000 Emini TF ($TF_F) Futures
Attachment:
030910_wrbtrader_PnLBlotterProfit.png
030910_wrbtrader_PnLBlotterProfit.png [ 31.89 KiB | Viewed 1509 times ]

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

Stocks Muster Gains; Nasdaq At 18-Month High
By Alexandra Twin, senior writer
March 9, 2010: 6:29 PM ET

NEW YORK (CNNMoney.com) -- Stocks managed gains Tuesday at the end of a choppy session as investors mulled the latest corporate deal and profit news on the anniversary of the bear-market bottom.

The Dow Jones industrial average (INDU) added nearly 12 points, or 0.1%. The S&P 500 index (SPX) added less than two points. Both closed at 6-week highs.

The Nasdaq composite (COMP) gained 8 points, or 0.4%, ending at a fresh 18-month high.

A stock advance fizzled out Tuesday, one year after what many consider to be the bottom of the bear market.

On March 9, 2009, the Dow ended at a 12-year low of 6,547.05, as months of stock weakness in response to the financial market crisis pushed the blue-chip average to its nadir. Since then, the Dow has gained 61.2% through Monday's close, ending at 10,552.52.

In the same time period, the S&P 500 gained 68%, bouncing off of 12-1/2 year lows. The Nasdaq's gain of 84% was off of six-year lows. The gains were fueled by bets on an economic recovery and the impact of trillions of dollars of government stimulus injected into the system.

But the pace of the advance has slowed this year, as investors have gone from pricing in an economic recovery to waiting for evidence that the recovery has legs. A still-abysmal job market and ongoing weakness in housing and consumer spending have dragged on sentiment.

Worries about a European debt crisis and the impact of China slowing its growth have also been in play.

But the ongoing skepticism of the so-called average investor, or retail investor, continues to give the market some support.

"You've seen this massive rally over the last year, but it hasn't coincided with the retail investor really participating," said Larry Glazer, managing director at Mayflower Advisors.

He pointed to mutual fund flow information that shows investors are still pouring substantially more money into lower-yielding bond funds than stock funds, a trend that was evident throughout the rally last year. Also, nervous investors who dump stocks for cash or cash equivalents are getting minimal or non-existent returns, he said.

"The retail investor skepticism could prolong the market advance because there is so much potential that they haven't tapped into yet," he said.

Stocks ended little changed Monday after AIG (AIG, Fortune 500) sold its American Life Insurance unit to MetLife (MET, Fortune 500) in a $15.5 billion cash-and-stock deal. Typically, such deals would spark a bigger stock market advance, but investors were wary after pushing stocks higher for three of the last four weeks.

Corporate news: AIG (AIG, Fortune 500) shares rallied for a second day in a row. Other financial gainers included Citigroup (C, Fortune 500), Fannie Mae (FNM, Fortune 500) and Freddie Mac (FNM, Fortune 500).

Cisco Systems (CSCO, Fortune 500) said it is introducing a new Internet router that will power the most heavily-trafficked parts of the web at twelve times the speed of its competitors. Cisco shares were little changed on the news, but the stock was heavily traded, with over $150 million shares changing hands.

Texas Instruments (TXN, Fortune 500) updated its first-quarter profit estimates late Monday, saying it expects to earn between 48 cents and 52 cents per share on revenue of $3.07 billion to $3.19 billion.

The new forecast was an improvement over the chipmaker's earlier forecast, but investors took a "sell the news" approach, sending shares 2% lower.

Northrop Grumman (NOC, Fortune 500) dropped out of the competition late Monday to build tanker planes for the U.S. Air Force, leaving Boeing (BA, Fortune 500) the only bidder in a contract that could be worth as much as $50 billion.

Merck (MRK, Fortune 500) and Sanofi-Aventis (SNY) said they are combining their animal health care businesses to create one of the biggest in the world. The combined business will have about a 29% market share in a global market worth around $19 billion. Merck shares fell and Sanofi-Aventis shares were little changed.
Fear, greed, panic, exuberance

World Markets: In overseas trading, European markets ended mixed, with London's FTSE 100 down 0.1%, Germany's DAX up 0.2% and France's CAC 40 up 0.2%. Most Asian markets ended higher, with the exception of Japan's Nikkei, which finished lower.

The dollar and commodities: The dollar gained versus the euro and fell versus the yen.

U.S. light crude oil for April delivery dipped 38 cents to settle at $81.49 a barrel on the New York Mercantile Exchange.

COMEX gold for May delivery fell $1.70 to settle at $1,122.90 per ounce.
0:00 /2:35Investors stay on the sidelines

Bonds: Treasury prices rose, lowering the yield on the 10-year note to 3.69% from 3.71% late Monday. Treasury prices and yields move in opposite directions.

Market breadth was positive. On the New York Stock Exchange, winners beat losers by nine to seven on volume of 1.12 billion shares. On the Nasdaq, advancers topped decliners by seven to six on volume of 2.57 billion shares.

Image

Yahoo! Finance

4:35 pm : Stocks made their way to solid gains after a soft start, but pressure picked up after stocks failed to extend the advance in afternoon trade. Still, the major indices finished the session modestly higher.

A lack of upbeat headlines and a stronger dollar left buyers with little reason to get back into the action. The tepid tone was reflective of broader sentiment, which has some in fear that the stock market may be overextended after its rally in the past year -- the S&P 500 is up nearly 70% since its multiyear closing low reached exactly one year ago. While no one wants to be in a vulnerable position if a correction takes place, few want to risk missing out on further gains.

Stocks are also just 1% off of their 52-week highs, which were reached in mid-January. A stronger dollar has been a hurdle for stocks to return to that mark, though. The buck advanced a mere 0.1% this session, but that was only after it pared its gain. Initially, the greenback garnered support as the euro and British pound were pressured by news that analysts at Fitch kept a Negative outlook in place for Portugal's AA rating and that Britain's plan to halve its deficit in four years was determined to be too slow.

There were a few corporate news items, but none of them caused any major swings in the stock market. Among the headlines, Texas Instruments (TXN 24.19, -0.50) announced an improved its earnings outlook, which remains in in-line with that of Wall Street. Still, the semiconductor company's shares slipped.

Meanwhile, Cisco (CSCO 26.13, +0.00) unveiled plans for its new router, which is expected to improve the flow of content and, in turn, inspire further content development. That helped AT&T (T 25.56, +0.28) and wireless service plays (+2.8%) prop up the telecom sector, which finished 1.2% higher. Apple (AAPL 223.02, +3.94) was also helped; it gave the Nasdaq a lead over its counterparts for the second straight session.

Northrop Grumman (NOC 64.00, -0.16) announced in-line guidance for fiscal 2010, but the bigger headline was the company's decision to take itself out of contention for a contract to build next generation refueling planes. The latter item buoyed Boeing (BA 67.79, +0.55).

Treasuries came into focus with news that a $40 billion auction of 3-year Notes attracted a bid-to-cover ratio of 3.1, which is above the recent average of 2.9, and an indirect bid of 51.8%, which is on par with the recent average of 52%.

There wasn't any economic data today, but tomorrow brings monthly wholesale inventory data and the Treasury's monthly budget statement.

Advancing Sectors: Telecom (+1.2%), Industrials (+0.8%), Tech (+0.4%), Financials (+0.3%), Energy (+0.1%)
Declining Sectors: Materials (-0.5%), Utilities (-0.3%), Consumer Staples (-0.2%), Health Care (-0.1%), Consumer Discretionary (-0.1%)DJ30 +11.86 NASDAQ +8.47 NQ100 +0.6% R2K +0.4% SP400 +0.1% SP500 +1.95 NASDAQ Adv/Vol/Dec 1483/2.56 bln/1176 NYSE Adv/Vol/Dec 1735/1.12 bln/1314

3:35 pm : Stocks have extended their afternoon retreat and now stand at the flat line. Meanwhile, with few exceptions, commodities traded modestly lower for most of the session. To that point, the CRB Commodity Index closed 0.6% lower.

Precious metals prices recovered from session lows as the dollar index pared its gains from early in the session. April gold closed fractionally lower at $1121.80 per pounce after trading nearly 1.5% lower in the morning. May silver actually closed 0.4% higher at $17.34 per ounce after being down in excess of 2% in the morning.

Crude oil futures also hit lows early in the pit trade but recovered as the dollar gave up its gains. April crude oil finished 0.5% lower at $81.49 per barrel.

April natural gas, on the other hand, opened the pit session at a session high but traded lower for most of the session. It closed down just a penny at $4.52 per MMBtu.DJ30 +0.00 NASDAQ +2.67 SP500 -0.24 NASDAQ Adv/Vol/Dec 1370/2.15 bln/1255 NYSE Adv/Vol/Dec 1629/824 mln/1417

3:00 pm : Stocks have turned lower after failing to extend their gains. The broader market now sits at an afternoon low.

The downward move has been most pronounced among consumer staples stocks, which are now down to a 0.1% loss. Kroger (KR 22.27, -0.63) is a primary laggard in the group, despite better-than-expected quarterly earnings and an in-line outlook. The stock is now at a fresh session low.

Retailers, now down 0.4%, have undercut the consumer discretionary sector, which is now flat after it had made its way to a modest gain earlier in the session.

Telecom continues to hold strong to its gain, though. In turn, the sector is up 1.4% this session. DJ30 +21.46 NASDAQ +10.14 SP500 +2.80 NASDAQ Adv/Vol/Dec 1576/1.86 bln/1050 NYSE Adv/Vol/Dec 1866/694 mln/1164

2:30 pm : Retailers have lagged for the entire session. As a group they are currently down 0.1%.

Among the weaker performers in the group, J. Crew (JCG 47.07, -0.33) is down firmly ahead of its latest quarterly results, which are expected after the close. The current consensus is for fourth quarter earnings $0.46 per share on revenue of $443.1 million. J. Crew had actually issued a forecast for fourth quarter earnings from $0.37 to $0.42 per share.

Since becoming a publicly traded company in 2006, J. Crew has missed the consensus earnings estimate only once. After the company announced better-than-expected earnings for the previous quarter, the stock spiked three points. DJ30 +41.56 NASDAQ +16.47 SP500 +5.51 NASDAQ Adv/Vol/Dec 1603/1.74 bln/1017 NYSE Adv/Vol/Dec 1964/640 mln/1060

2:00 pm : Despite a pullback by the greenback from a 0.4% gain to a 0.1% gain, commodities continue to trade with considerable weakness. More specifically, the CRB Commodity Index is down 0.8%, which puts it only slightly above its session low.

Persistent weakness among commodities has bogged down natural resource plays. In turn, the materials sector has lagged the broader market for the greater part of this session. As a group, materials stocks are up just 0.1% at the moment.

Meanwhile, the broader market continues to trade with solid gains, though it is off of its session high. Telecom continues to outperform; stocks in the sector are up 1.6%, collectively. DJ30 +43.08 NASDAQ +17.30 SP500 +5.37 NASDAQ Adv/Vol/Dec 1596/1.59 bln/1016 NYSE Adv/Vol/Dec 1950/549 mln/1058

1:30 pm : Small-cap stocks have run up to a 0.9% gain, as measured by the Russell 2000. That puts them comfortably ahead of the broader market.

Force Protection (FRPT 6.31, +0.83) is a primary leader among small-cap issues after the defense company announced better-than-expected results for its latest quarter.

Meanwhile, the greenback continues to pull back from its morning high. It is now up just 0.1% against a basket of foreign currencies. DJ30 +53.73 NASDAQ +20.21 SP500 +6.58 NASDAQ Adv/Vol/Dec 1600/1.45 bln/986 NYSE Adv/Vol/Dec 1973/527 mln/1023

1:05 pm : A stronger dollar weighed on stocks in the early going, such that another lackluster session looked to be in order. However, financial and tech stocks have since lifted to broader market to a healthy gain.

Stocks started the session on soft footing. Headlines failed to entice buyers back into action after they sat out the prior session to watch recent gains consolidate. A stronger dollar also dampened the tone of early trade; the buck had been up roughly 0.4% against competing currencies in the early going. It has since eased back to trade with a 0.2% gain.

The dollar's initial strength came at the cost of the euro and the pound after analysts at Fitch kept a Negative outlook in place for Portugal's AA rating following the country's new austerity measures, which were announced Monday, and the analysts' belief that Britain's plan to halve its deficit in four years is too slow.

Financials have emerged as a source of support for the stock market. The sector was down as much as 0.8% early on, but it has since bounded to a 0.7% gain.

Tech has also emerged with strength. The sector is up 1.0%, second only to telecom (+1.5%). Strength among large-cap tech issues like Apple (AAPL 224.41, +5.33) and telecom service providers like AT&T (T 25.65, +0.37) has been linked to news that Cisco (CSCO 26.28, +0.15) has unveiled plans for a new router, which some expect will augment content delivery and, in turn, content development.

Texas Instruments (TXN 24.24, -0.45) has failed to share in the strength of the tech sector, even though the company improved its earnings outlook. The forecast remains in in-line with that of Wall Street, though.

In other corporate news, Northrop Grumman (NOC 64.14, -0.02) will drop out of a protracted quest to win a $40 billion contract to build next generation refueling planes. That has been beneficial to shares of Boeing (BA 68.25, +1.01).

Just released, a $40 billion auction of 3-year Notes attracted a bid-to-cover of 3.1, which is well above the recent average of 2.9. Indirect bidders represented 51.8%, which is on par with the recent average of 52%. DJ30 +53.81 NASDAQ +18.66 SP500 +6.06 NASDAQ Adv/Vol/Dec 1574/1.33 bln/997 NYSE Adv/Vol/Dec 1894/484 mln/1084

12:30 pm : The stock market has extended its recent upward move so that it now trades at a fresh session high. The climb has been led by the financial sector, which is now up 0.7% after it was down as much as 0.8% in the early going. Diversified financial services stocks (+1.9%) and consumer finance stocks (+1.0%) are presently the strongest players in the financial sector.

Meanwhile, utilities are still in the red with a 0.3% loss. Utilities make up the only major sector to trade in negative ground. DJ30 +46.25 NASDAQ +17.63 SP500 +5.68 NASDAQ Adv/Vol/Dec 1452/1.17 bln/1084 NYSE Adv/Vol/Dec 1755/421 mln/1186

12:00 pm : The Nasdaq 100 has made its way to a 0.7% gain, which is more than double that of the broader market. It is currently led by Apple (AAPL 223.67, +4.59), Microsoft (MSFT 28.92, +0.29), and Oracle (ORCL 24.94, +0.24). Cisco (CSCO 26.02, -0.11) is a laggard, though; investors continue to await what has been labeled a major announcement from the communications equipment company.

While large-cap tech issues are among the primary drivers of the Nasdaq 100, First Solar (FSLR 106.87, -1.77) is among the most actively traded names in the index. Shares of FSLR were recently downgraded by analysts at JPMorgan Chase. DJ30 +29.40 NASDAQ +11.11 SP500 +3.84 NASDAQ Adv/Vol/Dec 1395/1.09 bln/1115 NYSE Adv/Vol/Dec 1722/395 mln/1212

11:30 am : The stock market is chopping along with a modest gain. Action, in general, is lackluster.

There haven't been any recent headlines to encourage further buying among participants, especially since the dollar continues to trade with moderate strength. In turn, many traders remain on the sidelines as the stock market's recent gains continue to consolidate. DJ30 +17.76 NASDAQ +10.12 SP500 +2.20 NASDAQ Adv/Vol/Dec 1305/926 mln/1171 NYSE Adv/Vol/Dec 1594/331 mln/1295

11:00 am : The major indices have put together a modest rally so that they now trade in positive territory. For the second straight session, the Nasdaq Composite is leading its counterparts.

The Nasdaq's relative strength stems from strong gains among large-cap tech issues like Research In Motion (RIMM 74.42, +1.03), which is already up some 7% since the start of the week.

Meanwhile, financials have provided a lift to the broader market. The sector had been down as much as 0.8% in the early going, but it has since made a strong move to trade with a fractional gain.

Telecom continues to trade as the best performing sector in the broader market, though. It is now up 1.4%. DJ30 +20.10 NASDAQ +9.92 SP500 +1.82 NASDAQ Adv/Vol/Dec 1286/760 mln/1146 NYSE Adv/Vol/Dec 1579/275 mln/1283

10:30 am : The US Dollar Index pulled back off of recently hit highs, which gave renewed strength to the majority of the commodity complex.

April crude oil pushed off of recent morning lows of $80.16 per barrel and has recovered most of its losses. However, the energy component continues to trade in negative territory and is currently 0.8% lower at $81.19 per barrel.

April natural gas is not being influenced much by the dollar today and is pulling back along with the dollar currently. Highs of $4.603 per MMBtu were hit near the open of pit trading, but natural gas is currently back near the flat line at $4.549 per MMBtu, up 0.5%.

Precious metals remain in negative territory, but are benefitting from weakness in the dollar. Gold is currently 0.6% lower at $1117.60 per ounce, while May silver is 0.6% lower at $17.17 per ounce.DJ30 +10.88 NASDAQ +5.66 SP500 +0.70 NASDAQ Adv/Vol/Dec 1255/528.5 mln/1114 NYSE Adv/Vol/Dec 1449/186.8 mln/1348

10:00 am : Stocks continue to chop along the neutral line after a relatively soft start. However, telecom has jumped out to a strong lead for the second straight session.

Telecom stocks booked a 1.1% gain in the prior session and are already up another 1.0% this morning. Despite the strong back-to-back gains, telecom is still the worst performing sector of 2010 -- it is down 8.0% year-to-date. Integrated telecom (+0.8%) was a leader in the sector during the prior session, but wireless services stocks (+2.0%) are leaders in the latest outing.

Strength among wireless services stocks comes despite commentary during a conference call from Texas Instruments (TXN 23.94, -0.71) that the semiconductor giant expects sequential growth in all of its segments, but that wireless is the exception. However, reports indicate that Cisco Systems (CSCO 26.03, -0.10) is expected to make a major announcement today that some believe will relate to advanced wireless networks. DJ30 +2.11 NASDAQ +0.89 SP500 -1.27 NASDAQ Adv/Vol/Dec 984/305 mln/1259 NYSE Adv/Vol/Dec 1179/118 mln/1550

09:45 am : One year ago the stock market started to make its way off of its bear market low. Since then, the S&P 500 rallied more than 70% to its January high. After a pullback from that high, stocks have started to recover so that they are just 1% off of their January peak.

However, the stock market has taken a bit of a breather in recent action. During the prior session stocks chopped sideways in listless trade, while this morning has started on a mildly weaker note amid a stronger dollar. DJ30 -2.72 NASDAQ -0.77 SP500 -2.08 NASDAQ Adv/Vol/Dec 832/178 mln/1312 NYSE Adv/Vol/Dec 999/79 mln/1663

09:15 am : S&P futures vs fair value: -4.30. Nasdaq futures vs fair value: -6.80. Stock futures suggest a moderately lower start to the session is in order. The relatively dour mood comes amid a gain by the greenback, which remains near its morning high with a 0.4% gain against competing currencies. Its advance has come largely at the cost of the euro and the pound. Analysts at Fitch kept its Negative outlook in place for Portugal's AA rating after the country announced on Monday new austerity measures. Britain's plan to halve its deficit in four years was deemed too slow by Fitch's analysts, though the deterioration in the country's credit profile has been within the tolerances of AAA country ratings. Corporate news flow has done little to lift the mood among premarket participants, even though semiconductor giant Texas Instruments (TXN) improved its earnings outlook during its midquarter update. The company's overall forecast remains in-line with Wall Street's consensus, though. Meanwhile, Cisco (CSCO) is expected to make a major announcement sometime today.

09:00 am : S&P futures vs fair value: -4.50. Nasdaq futures vs fair value: -6.80. A few earnings reports have trickled across news wires since the prior session's close. Among them, Casey's General Stores (CASY) posted earnings of $0.34 per share for its latest quarter, but the results were below the consensus call for $0.38 per share. Kroger (KR) bested the consensus estimate of $0.34 per share by bringing in $0.39 per share for its latest quarter. Meanwhile, TiVo (TIVO) posted a smaller-than-expected loss of $0.09 per share for its fiscal fourth quarter. H&R Block (HRB) brought in $0.16 per share, which exceeded analysts' expectations for earnings of $0.15 per share. Stock futures still point to a lower start for the session.

08:30 am : S&P futures vs fair value: -5.20. Nasdaq futures vs fair value: -7.80. U.S. stock futures are still under a fair amount of pressure. Meanwhile, Europe's bourses are down modestly and the continent's primary currency, the euro, is also weaker after analysts at Fitch kept has a Negative outlook on Portugal's AA ratings after the country announced on Monday new austerity measures. The analysis from Fitch indicated that contagion risk to Portugal and Spain from Greece is not great, but worries persist. On a similar note, Fitch's analysts said that the U.K. government's current plan to cut the deficit by half over four years is too slow, but that the country's sovereign credit profile remains within the tolerances of AAA country ratings. Britain's FTSE is currently down 0.6% as declining issues outnumber advancers by 3-to-1. Banks and miners lead the list of laggards. According to reports, the United Kingdom's goods trade deficit unexpectedly widened in January to $12 billion, which marked its biggest shortfall since August 2008 as exports made their sharpest drop in more than three years. In France, the CAC is down 0.4% as BNP Paribas and Societe Generale falter. Germany's DAX is down 0.4% as Daimler (DAI), Siemens (SIE), Allianz (AZ), and Deutsche Bank (DB) weigh on trade. In Asia, the MSCI Asia Pacific Index finished flat and Japan Nikkei shed 0.2% in a session of consolidation. However, Panasonic (PC) advanced after the company announced that it will launch its 3D TVs in the United States on Wednesday, and will cooperate with U.S. electronics retailer Best Buy (BBY) to promote the products. In Hong Kong, the Hang Seng eked out a 0.1% gain. China Southern Airlines (ANH) soared after it announced a plan to issue new shares. China Life Insurance (LFC) was helped by its upwardly revised 2009 net profit growth forecast. In mainland China, the Shanghai Composite closed 0.5% higher.

08:05 am : S&P futures vs fair value: -4.40. Nasdaq futures vs fair value: -7.80. Stocks moved sideways in low volume during the previous session, but the tone to this morning's premarket trade is one of moderate weakness. The greenback is the primary culprit; it is currently up 0.4% against a basket of foreign currencies. Its gain has overshadowed news that Texas Instruments (TXN) improved its outlook. The company stated during its conference call that sequential growth is expected in nearly all of its segments. However, its shares are still down 1.4% to $24.35 each in premarket trade. There haven't been many other noteworthy corporate news items this morning and there are no economic items on tap, but results from an auction of 3-year Notes are scheduled for release at 1:00 PM ET.

06:30 am : S&P futures vs fair value: -5.20. Nasdaq futures vs fair value: -8.30.

06:30 am : Nikkei...10567.65...-18.30...-0.20%. Hang Seng...21207.55...+10.70...+0.10%.

06:30 am : FTSE...5568.90...-37.70...-0.70%. DAX...5844.37...-31.50...-0.50%.

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)
Skype Messenger: kebec2002
questions@thestrategylab.com
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