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 Post subject: May 8th Tuesday Price Action Trade Result Profit $3787.50
PostPosted: Tue May 08, 2018 9:35 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
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Price Action Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
TheStrategyLab Price Action Trading (no technical indicators)
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Archive Real-Time Chat Logs (timestamp, entries/exits, position size): http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=20
Users Reviews, Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
Review of TheStrategyLab: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
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click on the above image to view today's performance verification

Price Action Trade Performance for Today: Emini RTY ($RTY_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $3787.50 dollars or +75.75 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points and EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks. Total Profit @ $3787.50 dollars

Russell 2000 Emini RTY Futures: 1 tick or 0.10 = $5.00 dollars and there's more contract information @ CMEGroup (formerly as TF @ The ICE)
S&P 500 Emini ES Futures: 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup
Light Crude Oil CL (WTI) Futures: 1 tick or 0.01 = $10.00 dollars and there's more contract information @ CMEGroup
Gold GC Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ CMEGroup
EuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @ CMEGroup

Today's Trade Log & Price Action Analysis is archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=180&t=2817

All of my trades are posted real-time at the above link for today's archive chat log in the timestamp ##TheStrategyLab free chat room via the user name wrbtrader for anyone to do a real-time review (you must be a member of the chat room for a real-time review). Although the trades and price action analysis are posted by me and other users of WRB Analysis in real-time...review of TheStrategyLab is that this is not a signal calling chat room nor is this a live trading room that has a head trader telling you what to do. I'm the moderator (I keep the peace between members) and my own live trades are posted within 3.2 seconds on average after the trade confirmation in my broker trade execution platform via an auto script to minimize delays in posting of my trades. You can review today's price action trade journal about my trades (e.g. time, price entry, contract size, price exit, market analysis) as the trade traversed to its completion. In addition, sometimes I'll post real-time trading tips in the free ##TheStrategyLab chat room involving WRBs, WRB Hidden GAPs, Key Market Events (KME), WRB Zones, Reaction Highs/Lows, Contracting Volatility or Expanding Volatility...all key concepts from the WRB Analysis free study guide even though the free chat room is not design to be an education chat room because the education is only performed at the forums in the private threads.

Quote:
These real-time trades involves price action concepts from WRB Analysis free study guide, Advance WRB Analysis Tutorial Chapters 4 - 12 and the Volatility Trading Report (VTR) trade signal strategies. Yet, I'm always backtesting new concepts of WRB Analysis, new trade entry rules, new trade management rules, new position size management rules before application in real money trades (small position size trades) to adapt to changed market conditions prior to large position size trades and prior to sharing the new concepts with fee-base clients...living up to the name of my website. TheStrategyLab.

Image ##TheStrategyLab Chat Room is free. The free chat room is not a signal calling trading room nor is it a live trading room with a head trader even though members of the chat room are posting their trades & market analysis in real-time. I do not mentor (never have) although I get many requests to do mentoring. There is education but only in members private threads at the forum involving members asking questions (help) about their own trading. Thus, the primary purpose of TheStrategyLab free chat room is for you to use as your trade journal so that you can use as valuable feedback about your own trading and for members to help each other...as in more eyes on the market. In addition, we highly recommend that you use the free chat room with a professional trade journal software like tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com because they can provide you with the quantitative statistical analysis of your trading. You can then download your results and post them in your private thread at the forum.

Also, you can use TheStrategyLab free chat room to ask real-time WRB Analysis questions. Yet, please do not post your quantitative statistical analysis, brokerage statements in the free chat room. Instead, its highly recommended that you only post that particular information in your private thread for security reasons. Yet, if you want to post that type of information at another website, blog or chat room...that's your choice.

TheStrategyLab free chat room is on IRC via users request because the IRC servers are located in many different countries, software in many different languages, many different mobile apps, many different types of social media software can be used to log in along with IRC being easier to moderate via script codes when trouble makers, spammers and trolls show up. I'm the moderator of the free chat room via the user name wrbtrader. Thus, I keep the peace between members without hesitation in removing problematic traders so that members can peacefully post their market observations, trades, WRB Analysis commentary about the markets without being trolled or harassed.

TheStrategyLab free chat room is not for traders looking for someone to hold their hands and tell them when to buy or sell nor do we allow the free chat room to be used for mentoring because we do not offer a mentoring service. The purpose of TheStrategyLab is for you to post your real-time analysis or trades so that you can review as feedback for any trading day to provide valuable information about the results in your broker statements. If you join the free chat room and then you decide to not post any WRB Analysis about the price action or you decide to not post your trades or you decide to be silent (lurk without saying a word about today's markets)...you're not using the free chat room properly to help improve your trading.

In fact, we do not want silent (lurkers) traders to join the free chat room unless they are actively posting at the forum about their trading after the markets close. Access instructions for the free chat room @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Also, posted below for you to review are direct links to information about my price action trade methodology and trading plan (there's a difference between the two) 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/bar analysis). I'm primarily a day trader because it suits my personal lifestyle but I do occasionally swing trade and position trade. Simply, my trade method is applicable for position trading, swing trading and day trading.

Image Price Action Analysis via Advance WRB Analysis Tutorial Chapters @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm and there's a free study guide of the WRB Analysis Tutorial Chapters 1, 2 and 3 @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718

Analysis -----> Trade Signals

Image Trade Signal Strategies via Volatility Trading Report (VTR) @ http://www.thestrategylab.com/VolatilityTrading.htm and there's a free trade signal strategy @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89 so that you can freely test drive one of our price action trade strategies with support (answering your questions) prior to purchasing the Volatility Trading Report (VTR). All WRB Analysis Tutorial Chapters 1 - 12 are included in the purchase of the Volatility Trading Report (VTR).

Image Daily Trading Plan Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=350&t=3706 contains brief information about trading plan, market context, brokers, trading time frames, position size management and other discussions.

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

Market Context Summaries

The below summaries by Bloomberg, Briefing, Reuters and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/BOE/IMF actions or any important global economic events (e.g. Eurozone, MarketWatch.com) that had an impact on today's price action in many trading instruments I monitor during the trading day. Simply, I'm a strong believer that key market events causes key changes in supply/demand and volatility resulting in trade opportunities (swing points and strong continuation price actions) that reach profit targets. Thus, I pay attention to these key market events, intermarket analysis (e.g. Forex EurUsd, EuroFX 6E futures, Gold GC futures, Light Crude Oil (WTI) CL & Brent Oil futures, Eurex DAX futures, Euronext FTSE100 futures, Emini ES futures, Emini RTY futures, Treasury ZB futures and U.S. Dollar Index futures) while using WRB Analysis from one trade to the next trade to give me the market context for price action trading before the appearance of my technical analysis trade signals. Therefore, I maintain these archives for easy review to allow me to understand what was happening on any given trading day in the past involving key market events to help better understand my trade decisions (day trading, swing trading, position trading)...something I can not get from my broker PnL statements alone. Further, most financial websites remove (delete) their archives after a few years to make room for new content. Therefore, I maintain my own archives of the news content so that I have it available for me when financial websites no longer archives their content.

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click on the above image to view today's price action of key markets discussed by members of TheStrategyLab chat room or private thread discussions

The Market at 04:30PM ET
Dow: +2.89… | Nasdaq: +1.69… | S&P: -0.71…
NASDAQ Vol: 2.03 bln… Adv: 1536… Dec: 1294…
NYSE Vol: 893.7 mln… Adv: 1485… Dec: 1436…

Moving the Market

President Trump announces U.S. will withdraw from the Iran nuclear deal; will reissue the highest level of economic sanctions

Energy sector reclaims earlier losses and shoots into positive territory following President Trump's decision to withdraw from Iran nuclear deal

Financial sector rallies as Treasury yields rise; 10-yr yield approaches 3.0% mark

Sector Watch
Strong: Financials, Industrials, Energy, Technology
Weak: Consumer Discretionary, Health Care, Consumer Staples, Utilities, Telecom Services, Real Estate

04:30PM ET

[BRIEFING.COM] The stock market ended Tuesday little changed as investors chewed on President Trump's decision to pull the U.S. out of the Iran nuclear agreement all the way through the closing bell. The Dow and the Nasdaq finished a tick higher, while the S&P 500 finished a tick lower. Small caps rallied though, pushing the Russell 2000 higher by 0.5%.

Stocks held steady ahead of the president's afternoon announcement, as investors weren't entirely sure as to what he would decide to do, but volatility picked up in the aftermath. Mr. Trump has frequently criticized the Iran nuclear deal, which lifted economic sanctions against Iran in exchange for limits on the country's nuclear program, and ultimately decided to reimpose the "highest level of economic sanctions" against Iran, effective immediately, because he felt the country was not honoring the agreement.

European allies -- including France, Germany, and the U.K. -- had encouraged Mr. Trump to stay in the agreement, which they signed alongside the U.S., Russia, and China back in 2015, and expressed regret following the president's decision, adding that they remain committed to the deal.

Crude oil futures and energy names were the focus on Wall Street, as U.S. sanctions on Iran -- which is OPEC's third-largest oil producer -- will undoubtedly reduce supply on the global crude oil market. WTI crude futures had a counter-intuitive reaction -- likely the result of a "buy the rumor, sell the news" trade -- and retreated from a more than three-year high, dropping 2.3% to $69.08 per barrel. The S&P's energy sector, meanwhile, was up and down following the decision, but eventually settled atop of the sector standings with a gain of 0.8%.

The financials and industrials sectors finished right behind energy, adding 0.7%, and information technology was the only other group to settle in the green, ticking up 0.3%. Within the financial space, Citigroup (C 71.00, +2.50) was the top-performer, rallying 3.7%, following news that activist investor ValueAct has built a $1.2 billion stake in the company. A rise in Treasury yields also helped the heavily-weighted financial space; the yield on the benchmark 10-yr Treasury note rose two basis points to 2.97%.

On the downside, seven groups finished in the red, with utilities (-2.5%) and telecom services (-1.3%) closing at the bottom of the sector standings; however, no other group lost more than 0.8%. The consumer discretionary space declined 0.5%, with Comcast (CMCSA 30.59, -1.80) showing particular weakness, losing 5.6%, following reports that it's planning a cash bid for the entertainment assets of 21st Century Fox (FOXA 37.99, -0.05) in an attempt to upend Disney's (DIS 101.79, -0.69) pursuit of those assets.

As for economic data, investors received just one report on Tuesday -- the March Job Openings and Labor Turnover Survey -- which showed that job openings increased to 6.550 million from a revised 6.078 million (from 6.052 million) in February. Wednesday's session will feature the release of the Producer Price Index for April (Briefing.com consensus +0.2%), Wholesale Inventories for March (Briefing.com consensus +0.5%), and the weekly MBA Mortgage Applications Index.
Dow: +2.89… | Nasdaq: +1.69… | S&P: -0.71…
NASDAQ Adv/Dec 1536/1294. …NYSE Adv/Dec 1485/1436.

03:40PM ET

[BRIEFING.COM] The Bloomberg Commodity Index declined 0.3% to 89.58 today. Crude oil futures played a negative role, retreating from the three-and-a-half year high they hit in intraday trade on Monday, after investors deployed a "buy the rumor, sell the news" strategy in regards to President Trump's decision on whether to withdraw the U.S. from the Iran nuclear deal.

The president ultimately decided to pull the U.S. out of the agreement, as many had expected, restoring the "highest level of economic sanctions" against Iran, effective immediately. His decision will reduce the supply of crude oil on the market, as Iran is OPEC's third-largest oil producer. However, the news was likely already priced in; WTI crude futures soared 14% in the four weeks leading up to the decision.

Also, continued strength in the U.S. dollar weighed on commodities; the U.S. Dollar Index climbed for the 13th time in 16 sessions, jumping 0.4% to 92.95 -- its best close of 2018.

Energy:
June Crude Oil futures fell $1.65 (-2.33%) to $69.08/barrel
June Natural Gas settled $0.01 lower (-0.36%) at $2.73/MMBtu
Metals:
June gold settled today's session down $1.70 (0.13%) at $1312.5/oz
July silver settled today's session $0.04 lower (0.24%) at $16.46/oz
July copper settled $0.02 lower (0.65%) at $3.06/lb
Agriculture:
May corn settled $0.03 higher at $4.04/bushel
May wheat settled $0.05 higher at $5.16/bushel
May soybeans settled $0.06 higher at $10.2/bushel

Dow: +3.09… | Nasdaq: -2.71… | S&P: -1.24…
NASDAQ Adv/Dec 1515/1350. …NYSE Adv/Dec 1492/1424.

02:55PM ET

[BRIEFING.COM] The major averages have slid to new session lows in recent trading and now show losses of around 0.5% apiece with one hour to go.

Nine of eleven S&P 500 sectors are in the red moving into the final stretch, with utilities (-2.5%), telecom services (1.7%), health care (-1.2%), real estate (-1.0%), and consumer discretionary (-0.9%) being the worst-performing groups. Financials (+0.2%) and industrials (+0.3%) are the two advancing sectors.

As for tonight's earnings, Walt Disney (DIS 100.98, -1.50), Electronic Arts (EA 122.44, -1.47), Monster Beverage (MNST 53.37, +0.06), Marriott (MAR 138.41, +1.77), and GoDaddy (GDDY 65.84, -0.39) are set to report following the closing bell.
Dow: -120.68… | Nasdaq: -29.01… | S&P: -12.93…
NASDAQ Adv/Dec 1406/1436. …NYSE Adv/Dec 1262/1635.

02:30PM ET

[BRIEFING.COM] The major averages all got some life as President Donald Trump's conference at the White House got underway. The S%P 500 trimmed its losses to 0.4% while the Nasdaq Composite and the Dow Jones Industrial Average are lower now by just 0.1% and 0.2%, respectively.

As widely expected, President Trump announced moments ago the withdrawal by the U.S. from the Iran Nuclear Accord. President Trump also, as expected, announced the reinstatement of sanctions against Iran, and detailed that other nations could also be sanctioned.

Among other criticisms, President Trump commented on the deal's 'sunset provisions' as completely unacceptable. President Trump also highlighted inadequate mechanisms to prevent cheating as he detailed that the old deal allowed Iran to enrich uranium and reach the brink of a 'nuclear breakout'.

Following these comments crude oil futures spiked, trimming their Tuesday losses, and now sit near $69.58/barrel, still down about 1.7% on the day. The dollar added to its strength following the comments and now holds gains of 0.3% at 92.99.
Dow: -68.00… | Nasdaq: -9.13… | S&P: -9.56…
NASDAQ Adv/Dec 1448/1385. …NYSE Adv/Dec 1314/1576.

01:55PM ET

[BRIEFING.COM] The major averages are little changed since our last update.

Today's move in gold futures was again a modest one. The yellow metal settled less than $1 lower at $1,313.70/oz on Tuesday. The precious metal has seen some pressure in part due to today's rally in the dollar.

The U.S. Dollar Index gains about 0.3% at 93.02. The greenback holds a 0.5% gain against the euro (1.1870), a 0.1% gain against the pound (1.3542), and is little changed against the yen (109.06).
Dow: -41.07… | Nasdaq: -12.27… | S&P: -7.16…
NASDAQ Adv/Dec 1459/1376. …NYSE Adv/Dec 1236/1647.

01:35PM ET

[BRIEFING.COM] The major U.S. indices are in negative territory and remain on edge ahead of President Trump's official decision on the Iran nuclear deal. Trump is expected make an announcement at 2:00 PM regarding the US's involvement going forward in the Joint Comprehensive Plan of Action.

A look inside the Dow Jones Industrial Average shows that Verizon (VZ 46.98, -0.75), Walt Disney (DIS 101.09, -1.39), & Nike (NKE 68.46, -0.88) are underperforming. Verizon is selling off alongside the entire telecom space, while Disney is under pressure following reports that Comcast (CMCSA 30.69, -1.70) could move to make an all-cash bid for the media assets that Fox (FOXA 38.11, +0.07) had already agreed to sell to Disney. Also worth noting that Disney is scheduled to report its quarterly results after the close today.

Conversely, General Electric (GE 14.35, +0.29) is the best-performing Dow component as shares display relative strength in the face of broader market weakness.

At current levels, the DJIA is up 0.24% this week.

Elsewhere, at the top of the hour, the Treasury's $31 bln 3-year auction drew a high yield of 2.664% on a bid-to-cover of 2.76.
Dow: -69.30… | Nasdaq: -17.56… | S&P: -7.97…
NASDAQ Adv/Dec 1472/1352. …NYSE Adv/Dec 1276/1594.

12:55PM ET

[BRIEFING.COM] The major averages are a tick lower ahead of President Trump's decision on whether to withdraw the U.S. from the Iran nuclear deal. The S&P 500 and the Dow Jones Industrial Average are down 0.3% apiece, while the Nasdaq Composite is lower by 0.2%. Small caps are outperforming, with the Russell 2000 up 0.1%.

Mr. Trump has been highly critical of the Iran nuclear deal, which lifts sanctions against Iran in exchange for the country curbing its development of nuclear weapons, but it's not 100% clear if the president will ultimately decide to pull out of the deal when he makes the official announcement at 2:00 PM ET. The New York Times reported that Mr. Trump told French President Emmanuel Macron this morning that he plans to withdraw the U.S. from the agreement, but CNN reported that Mr. Trump will not pull out of the deal, opting for new sanctions against Iran instead.

What is for certain, however, is that crude oil prices are down big today, retreating from the more than three-year high they hit on Monday, in a classic "buy the rumor, sell the news" trade. WTI crude futures are currently down 2.9% at $68.73 per barrel, and the energy sector, which typically moves in tandem with crude prices, is lower by 0.7%.

In total, nine S&P sectors are in the red, with the lightly-weighted utilities (-1.7%) and telecom services (-1.3%) groups pacing the retreat. The consumer discretionary sector (-0.6%) is a step behind the broader market, with Comcast (CMCSA 30.90, -1.49) showing particular weakness, down 4.6%, following reports that it's planning a cash bid for the entertainment assets of 21st Century Fox (FOXA 38.06, +0.02) in an attempt to upend Disney's (DIS 101.16, -1.32) pursuit of those assets.

On the upside, the financials and industrials sectors are relatively strong today, up 0.7% and 0.4%, respectively. Citigroup (C 70.81, +2.31) is leading the financial rally with a gain of 3.4% following news that activist investor ValueAct has built a $1.2 billion stake in the company. A rise in Treasury yields has also helped underpin the financial group -- and the U.S. Dollar Index, which is up 0.3% at 92.85. The yield on the benchmark 10-yr Treasury note is up three basis points at 2.98%.

Investors received just one piece of economic data today -- the March Job Openings and Labor Turnover Survey -- which showed that job openings increased to 6.550 million from a revised 6.078 million (from 6.052 million) in February.
Dow: -71.09… | Nasdaq: -18.66… | S&P: -8.40…
NASDAQ Adv/Dec 1377/1414. …NYSE Adv/Dec 1159/1690.

12:25PM ET

[BRIEFING.COM] Equity indices have been ticking lower in recent trade, with the S&P 500 extending its loss to 0.3%.

The New York Times is reporting that President Donald Trump told French President Emmanuel Macron this morning that he plans to withdraw the U.S. from the Iran nuclear deal. This story conflicts with an earlier CNN report that Mr. Trump won't withdraw from the deal, but will impose new sanctions against Iran. The president will announce his decision at 2:00 PM ET.

In Europe, the major stock indices settled Tuesday on a modestly lower note, with the Euro Stoxx 50 shedding 0.1%.
Dow: -72.38… | Nasdaq: -16.91… | S&P: -7.87…
NASDAQ Adv/Dec 1331/1448. …NYSE Adv/Dec 1137/1714.

11:55AM ET

[BRIEFING.COM] The S&P 500 (-0.2%) has slipped back into the red after a brief encounter with positive territory.

Financials is the top-performing S&P sector today, sporting a gain of 0.8%. Citigroup (C 71.01, +2.51) is leading the sector higher, up 3.7%, following news that activist investor ValueAct has built a $1.2 billion stake in the financial giant. A rise in interest rates has also helped underpin the financial space, with the benchmark 10-yr yield climbing three basis points to 2.98%.

In currencies, the U.S. Dollar Index is up 0.4% at 92.97, notching a new high for the year. Including today's advance, the U.S. Dollar Index has climbed in 13 of the last 16 sessions.
Dow: -19.93… | Nasdaq: -11.10… | S&P: -3.69…
NASDAQ Adv/Dec 1411/1360. …NYSE Adv/Dec 1243/1576.

11:30AM ET

[BRIEFING.COM] The major averages have ticked into positive territory following a CNN report that President Trump will announce new sanctions against Iran, but will not withdraw from the Iran nuclear deal. The president will announce his decision at 2:00 PM ET.

WTI crude futures have shot to new lows in recent trading -- extending their daily losses from 1.5% to 3.7% -- and are now trading at $68.11 per barrel. The commodity hit a fresh three-and-a-half year high in intraday trade on Monday, but reversed course after President Trump tweeted that he'll be announcing his decision on the Iran nuclear deal today. Reimposed sanctions against Iran would likely take between 300K and 500K barrels of crude oil off the market per day.

The S&P 500's energy sector is hovering near the bottom of today's sector standings with a loss of 1.4%.
Dow: +22.36… | Nasdaq: -4.63… | S&P: -2.04…
NASDAQ Adv/Dec 1403/1342. …NYSE Adv/Dec 1235/1579.

10:55AM ET

[BRIEFING.COM] Equity indices have regained the bulk of their modest opening losses and now sit within a tick of their flat lines.

Just two sectors -- financials (+0.7%) and industrials (+0.6%) -- are trading in the green, while nine are in the red, including consumer discretionary (-0.3%), energy (-0.8%), materials (unch), technology (-0.1%), health care (-0.4%), consumer staples (-0.4%), utilities (-1.4%), telecom services (-0.9%), and real estate (-0.6%).

In the bond market, Treasuries have extended their earlier losses, pushing yields further into the green; the 10-yr yield is up three basis points at 2.98%.
Dow: +6.06… | Nasdaq: -4.09… | S&P: -1.55…
NASDAQ Adv/Dec 1396/1322. …NYSE Adv/Dec 1254/1524.

10:35AM ET

[BRIEFING.COM] Commodities are modestly lower this morning as the dollar continues to rally. The US Dollar index is trading up 0.5% at a five-month high after hitting a four-year low earlier this year.

Crude oil remain in focus as President Trump is set to announce his decision on whether to confirm or pull out of the Iran Nuclear deal at 2:00 PM ET. One can only assume the President will pull out of the agreement after criticizing it for years. June crude oil futures are down 1.3% at $69.75/barrel (-0.98) but are still within one point of a four year high ahead of today's announcement that could result in sanctions on OPEC's third largest oil producer. The American Petroleum Institute will report weekly inventory levels this afternoon. International benchmark Brent crude oil is down 1% at $75.41/ (-0.76).barrel.

Natural Gas futures are down 0.5% at $2.728/MMBtu (-0.013).

Meanwhile, strength in the dollar is weighing on precious metals. July silver futures are down 0.8% at $16.37/oz (-0.125) while June gold futures are down 0.5% at $1307.67/oz (-6.57)
Dow: -15.54… | Nasdaq: -3.91… | S&P: -3.15…
NASDAQ Adv/Dec 1358/1211. …NYSE Adv/Dec 1285/1466.

10:00AM ET

[BRIEFING.COM] Equity indices have slipped below their opening levels, now showing losses of around 0.3% apiece.

Just in, the March Job Openings and Labor Turnover Survey showed that job openings increased to 6.550 million from a revised 6.078 million (from 6.052 million) in February.
Dow: -77.02… | Nasdaq: -26.35… | S&P: -8.59…
NASDAQ Adv/Dec 1206/1415. …NYSE Adv/Dec 1140/1560.

09:45AM ET

[BRIEFING.COM] The major averages are modestly lower this morning, showing losses of around 0.2% apiece.

Most S&P sectors are in the red, but losses have been contained; outside of utilities (-1.0%), energy (-0.7%), and telecom services (-0.7%), no group is down more than 0.5%. The financials and industrials sectors are the top performers, sporting gains of around 0.3% apiece.

As a reminder, the March Job Openings and Labor Turnover Survey will be released at 10:00 AM ET.
Dow: -32.92… | Nasdaq: -13.12… | S&P: -4.64…
NASDAQ Adv/Dec 1177/1355. …NYSE Adv/Dec 1108/1463.

09:11AM ET
[BRIEFING.COM] S&P futures vs fair value: -3.80. Nasdaq futures vs fair value: -8.50.

The S&P 500 futures have trimmed their losses from 0.3% an hour ago to 0.1% currently.

President Trump will announce his decision on whether to withdraw from the Iran nuclear deal at 2:00 PM ET. The president has been highly critical of the deal, which lifts sanctions against Iran in exchange for the country halting its development of nuclear weapons, so it's assumed that he will decide to pull out.

Investors will receive just one piece of economic data today -- the March Job Openings and Labor Turnover Survey -- which will be released at 10:00 AM ET. As for earnings, Dow component Walt Disney (DIS 101.69, -0.79) is set to report its quarterly results following tonight's closing bell.

U.S. Treasuries are modestly lower, pushing yields higher across the curve; the benchmark 10-yr yield is up one basis point at 2.96%. Meanwhile, the U.S. Dollar Index is up 0.5% at 93.04, hitting a new high for the year, and WTI crude futures are down 1.0% at $70.02/bbl, retreating from the more than three-year high they hit on Monday.

08:53AM ET
[BRIEFING.COM] S&P futures vs fair value: -6.00. Nasdaq futures vs fair value: -10.80.

The S&P 500 futures are trading six points, or 0.2%, below fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a higher note. China Securities Journal noted that the country's securities regulator is likely to publish detailed rules on the issuance of depositary receipts in the next three months. Depositary receipts would allow trading in domestic offshore-listed tech companies and would support the launch of the Shanghai-London stock connect. Economic data from the region was mixed, as China reported better than expected trade figures while household spending in Japan declined for the second consecutive month. Takeda Pharmaceuticals agreed to acquire Shire for GBP45.30 billion.

In economic data:
China's April trade surplus $28.78 billion (expected $24.70 billion; last -$4.98 billion). April Imports +21.5% year-over-year (expected 16.0%; last 14.4%) and April Exports +12.9% year-over-year (expected 6.3%; last -2.7%)
Japan's March Household Spending -0.1% month-over-month (expected 0.7%; last -1.5%); -0.2% year-over-year (expected 1.2%; last 0.1%)
Australia's March Retail Sales 0.0% month-over-month (expected 0.2%; last 0.6%); +0.2% quarter-over-quarter (expected 0.6%; last 0.8%)
New Zealand's Inflation Expectations 2.0% quarter-over-quarter (last 2.1%)

---Equity Markets---

Japan's Nikkei added 0.2%. Maruha Nichiro, Mitsubishi, Takeda Pharmaceutical, Toho, Fujitsu, Fujifilm Holdings, Komatsu, NEC, Konica Minolta, and Yamaha gained between 0.9% and 5.7%.
Hong Kong's Hang Seng rose 1.4% amid broad strength. Geely Automobile jumped 5.3% while Apple suppliers Sunny Optical Tech and AAC Technologies gained 4.9% and 4.3%, respectively. Financials like Ping An Insurance, Bank of East Asia, New World Development, SHK Properties, and AIA Group advanced between 1.4% and 2.7%.
China's Shanghai Composite gained 0.8%. Humanwell Healthcare, Shanghai Tongda Venture Capital, Shanghai Jinjiang International Hotels Development, Zhejiang Hisun Pharmaceutical, and Beijing Aerospace Changfeng posted gains between 5.0% and 10.0%.
India's Sensex settled just above its flat line. ICICI Bank spiked 6.9% after releasing upbeat earnings on Monday while peers SBI and AXIS Bank rose 1.4% and 1.2%, respectively. Tech consultants were mixed as Tata Consultancy added 0.4% while Wipro lost 0.7% and Infosys fell 1.5%.

Major European indices trade on a lower note with Italy's MIB (-2.0%) trailing its peers as participants realize there is no easy way out of the post-election quagmire. President Sergio Mattarella proposed forming a temporary neutral government that would lead the country through a budget vote that needs to take place by year's end. Movimento 5 Stelle and Lega have opposed the proposal, but there is speculation that Silvio Berlusconi's Forza Italia might vote in favor of a caretaker government. Forza Italia's support for a caretaker government would be tantamount to breaking the center-right alliance with Lega. There is also a high likelihood that a new election would produce a similar result to the March vote. Italian debt has also struggled today, as the country's 10-yr yield rises nine basis points to 1.86%, its highest level since late March.

In economic data:
Germany's March trade surplus EUR22.00 billion (expected EUR19.90 billion; last EUR19.40 billion). March Imports -0.9% month-over-month (expected 0.9%; last -1.4%) and March Exports +1.7% month-over-month (expected 1.8%; last -3.1%). March Industrial Production +1.0% month-over-month (expected 0.8%; last -1.7%)
UK's April Halifax House Price Index -3.1% month-over-month (expected -0.3%; last 1.6%); +2.2% year-over-year (expected 3.3%; last 2.7%)
Swiss April Unemployment Rate 2.7% (expected 2.9%; last 2.8%)

---Equity Markets---

UK's FTSE hovers just below its flat line. Financials and select consumer names are among the laggards with Standard Chartered, Sainsbury, HSBC, Tesco, British American Tobacco, Taylor Wimpey, and Morrison Supermarkets showing losses between 0.4% and 1.6%. Shire has jumped 4.0% after agreeing to be acquired by Takeda Pharmaceutical from GBP45.30 billion.
Germany's DAX is lower by 0.6%. Deutsche Post is down 6.2% in response to disappointing results while heavyweights like Commerzbank, Deutsche Bank, Allianz, Volkswagen, Bayer, and Adidas show losses between 0.5% and 2.2%.
France's CAC trades down 0.4%. Growth-sensitive names like LafargeHolcim, TechnipFMC, STMicroelectronics, Total, Renault, and Accor hold losses between 0.6% and 2.3% while BNP Paribas, AXA, Societe Generale, and Credit Agricole are down between 0.6% and 1.0%.
Italy's MIB is down 1.8%, backing off its highest level since late 2008. Bper Banca, Banco Bpm, UBI Banca, FinecoBank, UniCredit, Mediaset, ENI, Saipem, Pirelli, Ferrari, Mediobanca, and Fiat are down between 1.2% and 4.2%. Intesa Sanpaolo is down 0.7% despite beating earnings estimates.

08:26AM ET
[BRIEFING.COM] S&P futures vs fair value: -7.50. Nasdaq futures vs fair value: -19.50.

The S&P 500 futures are trading eight points, or 0.3%, below fair value.

Equities have started the month of May on a positive note, with the S&P 500 adding 0.9% month-to-date. The information technology sector has been the top-performing S&P sector this month by a wide margin, rallying 4.6%. The next-best performing group is real estate with a month-to-date gain of 1.5%.

On the downside, the consumer staples and telecom services sectors are May's worst-performing groups thus far, down 2.1% and 2.6%, respectively.

07:57AM ET
[BRIEFING.COM] S&P futures vs fair value: -7.50. Nasdaq futures vs fair value: -21.50.

Equities advanced for a second straight session on Monday, but look set to pull back at today's opening bell as investors await President Trump's decision on whether to withdraw from the Iran nuclear deal, which he will announce at 2:00 PM ET. The S&P 500 futures are trading eight points, or 0.3%, below fair value.

It's assumed that Mr. Trump will pull out of the Iran nuclear deal, thereby re-imposing U.S. sanctions on Iran -- which would seemingly reduce the supply of crude oil on the global market as Iran is a major crude exporter. WTI crude futures have had a "buy the rumor, sell the fact" response to the imminent decision; they hit a three-and-a-half year high yesterday, but are down 1.0% at $70.03/bbl this morning.

Meanwhile, the U.S. Dollar Index is currently up 0.4% at 92.95, re-establishing a new high for the year, and U.S. Treasuries are flat, with the benchmark 10-yr yield unchanged at 2.95%. Bond traders will, once again, have a limited batch of economic data to work with today; the March Job Openings and Labor Turnover Survey is today's lone economic report and will be released at 10:00 AM ET.

On the earnings front, Dow component Walt Disney (DIS 102.16, -0.32) is scheduled to deliver its quarterly results following today's closing bell.

In U.S. corporate news:

21st Century Fox (FOXA 39.00, +0.96): +2.5% following reports that Comcast (CMCSA 31.80, -0.59) is planning to make a cash bid.

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a higher note. Japan's Nikkei +0.2%, Hong Kong's Hang Seng +1.4%, China's Shanghai Composite +0.8%, India's Sensex unch.
In economic data:
China's April trade surplus $28.78 billion (expected $24.70 billion; last -$4.98 billion). April Imports +21.5% year-over-year (expected 16.0%; last 14.4%) and April Exports +12.9% year-over-year (expected 6.3%; last -2.7%)
Japan's March Household Spending -0.1% month-over-month (expected 0.7%; last -1.5%); -0.2% year-over-year (expected 1.2%; last 0.1%)
Australia's March Retail Sales 0.0% month-over-month (expected 0.2%; last 0.6%); +0.2% quarter-over-quarter (expected 0.6%; last 0.8%)
New Zealand's Inflation Expectations 2.0% quarter-over-quarter (last 2.1%)
In news:
China Securities Journal noted that the country's securities regulator is likely to publish detailed rules on the issuance of depositary receipts in the next three months. Depositary receipts would allow trading in domestic offshore-listed tech companies and would support the launch of the Shanghai-London stock connect.
Economic data from the region was mixed, as China reported better than expected trade figures while household spending in Japan declined for the second consecutive month.
Takeda Pharmaceuticals agreed to acquire Shire for GBP45.30 billion.

Major European indices trade on a lower note with Italy's MIB (-2.0%) trailing its peers as participants realize there is no easy way out of the post-election quagmire. UK's FTSE unch, Germany's DAX -0.6%, France's CAC -0.6%.
In economic data:
Germany's March trade surplus EUR22.00 billion (expected EUR19.90 billion; last EUR19.40 billion). March Imports -0.9% month-over-month (expected 0.9%; last -1.4%) and March Exports +1.7% month-over-month (expected 1.8%; last -3.1%). March Industrial Production +1.0% month-over-month (expected 0.8%; last -1.7%)
UK's April Halifax House Price Index -3.1% month-over-month (expected -0.3%; last 1.6%); +2.2% year-over-year (expected 3.3%; last 2.7%)
Swiss April Unemployment Rate 2.7% (expected 2.9%; last 2.8%)
In news:
Italian President Sergio Mattarella proposed forming a temporary neutral government that would lead the country through a budget vote that needs to take place by year's end. Movimento 5 Stelle and Lega have opposed the proposal, but there is speculation that Silvio Berlusconi's Forza Italia might vote in favor of a caretaker government. Forza Italia's support for a caretaker government would be tantamount to breaking the center-right alliance with Lega. There is also a high likelihood that a new election would produce a similar result to the March vote.
Italian debt has also struggled today, as the country's 10-yr yield rises nine basis points to 1.86%, its highest level since late March.

07:30AM ET
[BRIEFING.COM] S&P futures vs fair value: -8.50. Nasdaq futures vs fair value: -23.00.

05:52AM ET
[BRIEFING.COM] S&P futures vs fair value: -6.80. Nasdaq futures vs fair value: -10.80.

05:52AM ET
[BRIEFING.COM] Nikkei...22509...+41.50...+0.20%. Hang Seng...30403...+408.60...+1.40%.

05:52AM ET
[BRIEFING.COM] FTSE...7576.73...+9.60...+0.10%. DAX...12884.21...-63.90...-0.50%.

04:30PM ET

[BRIEFING.COM] Stocks were range-bound for much of Monday's session, cruising towards what looked like an easy victory, but news that President Trump will announce his decision regarding the Iran nuclear deal on Tuesday prompted a wave of selling in the late afternoon. The market bounced back a bit following the initial reaction, but still finished off its highs of the day. The S&P 500 and the Dow settled with gains of 0.4% apiece, while the tech-heavy Nasdaq and the small-cap Russell 2000 ended with respective gains 0.8% and 0.9%.

The energy sector led the broader market higher out of the gate, moving in tandem with crude oil prices, which hit their highest level in three-and-a-half years; the energy sector was up 2.4% at its highest mark of the day, while WTI crude futures were up 1.6% at $70.81/bbl. However, those gains were completely unraveled after President Trump tweeted that he'll be announcing his decision to either stay or pull out of the Iran nuclear deal at 2:00 PM ET on Tuesday. The president is expected to pull out of the deal -- thereby restoring sanctions on Iran, a top oil exporter -- but that's not for certain.

Energy eventually finished with a gain of 0.2%, closing near the center of the sector standings. The top-weighted technology sector (+0.8%) trailed energy in second place through much of the session and took over the top spot on the leaderboard after energy fell. Within the tech space, Apple (AAPL 185.16, +1.33, +0.7%) climbed for the sixth session in a row, settling at a new all-time high, and NVIDIA (NVDA 248.68, +9.62, +4.0%) soared after Bank of America/Merrill Lynch maintained its 'Buy' rating ahead of Thursday's earnings report.

The financials (+0.7%) and industrials (+0.7%) groups closed right behind technology at the top of the sector standings, while the other advancing sectors finished with gains between less than 0.1% and 0.4%. On the downside, the health care (-0.1%), consumer staples (-0.6%), utilities (-0.5%), and telecom services (-0.6%) sectors -- all of which are countercyclical groups -- settled in negative territory.

Elsewhere, U.S. Treasuries began the week on a modestly lower, but mostly quiet, note amid a lack of notable economic data; the yield on the benchmark 10-yr Treasury note advanced one basis point to 2.95%.

Monday's lone economic report -- the Consumer Credit report for March -- showed an increase of $11.7 billion (Briefing.com consensus $16.1 billion). The key takeaway from the report is that there was a decline in outstanding revolving credit for the second straight month, which reflects a propensity by consumers to pay down debt in a rising interest rate environment. That inclination helps explain why consumer spending growth was lackluster in the first quarter.

Nasdaq Composite: +5.2% YTD
Russell 2000: +2.8% YTD
S&P 500: UNCH YTD
Dow Jones Industrial Average: -1.5% YTD

Dow: +94.81… | Nasdaq: +55.60… | S&P: +9.21…
NASDAQ Adv/Dec 1770/1102. …NYSE Adv/Dec 1830/1087.

Special thanks to Bloomberg, Briefing, Reuters and Yahoo! Finance for their market summaries. Also, thank you for the review of TheStrategyLab performance record...hopefully the links and data will be useful for you. gm

Image Price Action Trading @ http://www.thestrategylab.com/price-action-trading.htm

Image Trade Strategies via Volatility Analysis @ http://www.thestrategylab.com/VolatilityTrading.htm

Image Rebuttal to Emmett Moore via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Image The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Image Advance WRB Analysis Tutorial Chapters 4 - 12 @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you & your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm


Best Regards,
M.A. Perry
Online user name wrbtrader (more info about me) @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=127&t=850 & http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading (no indicators)
Trader and Founder of WRB Analysis (wide range body/bar analysis)
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