TheStrategyLab.com Price Action Trading Support Forum

Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)


click on the above image to view today's performance verification

Trade Performance for Today: +20.90 points or $2090 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
Russell 2000 Emini TF Futures - 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE.
S&P 500 Emini ES Futures - 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup.

In addition, all trades were posted real-time in the free #FuturesTrades chat room. Today's #FuturesTrades trading chat room logs provides details (e.g. time, price, contract size) about each one of my trades from entry to exit along with price action commentary as the trade traversed...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=100&t=1119.

To join our free chat room...registration instructions located at a different forum @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=5&t=630

Also, posted below are direct links to information about my 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).

WRB Analysis Tutorials @ 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.

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 trade strategies with support prior to purchasing the Volatility Trading Report (VTR).

Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=148&t=1341

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Market Summaries

The below summaries by Bloomberg, CNNMoney and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/IMF actions or any important global economic events that had an impact on today's price action. Simply, I'm a strong believer that many variables (key market events) causes key changes in supply/demand and volatility that results in swing points and strong continuation price actions. Thus, I pay attention to these key market events from one trade to the next trade to give me the market context for my technical analysis. Just as important, these summaries becomes my archives to allow me to understand what was happening on any given trading day in the past...something I can not get from my broker statements alone.

S&P 500 Erases Loss On Bank Rally, Technology Shares

Jan. 20 (Bloomberg) -- Bloomberg's Cali Carlin reports on the performance of the U.S. equity market today. Most U.S. stocks rose, erasing a loss for the Standard & Poor's 500 Index in the final minutes of trading, as banks gained and results from International Business Machines Corp. to Intel Corp. boosted technology shares.

Stocks Gain 2% For The Week, Despite Slow Friday


click on the above image to view today's price action of key markets

NEW YORK (CNNMoney) -- U.S. investors were unwilling to place any big bets Friday, as key Greek debt talks remain unresolved.

Despite that, all three indexes still closed out the week more than 2% higher on robust economic data and strong earnings.

It's been an auspicious start to 2012, as all three indexes have inked three straight weeks of gains.

The Dow Jones industrial average (INDU) closed the week up 2.4%, added 97 points, or 0.7% Friday. The S&P 500 (SPX) added 2% for the week, but hovered around the break even line Friday. The Nasdaq (COMP) gained 2.8% for the week, also closing near neutral.

The 2012 rally has left some investors wondering whether it's sustainable. "People have to be cognizant that the more expensive the market is, the harder it is to move the needle," said Uri Landesman, president of the hedge fund Platinum Partners.

Investors continue to fear repercussions from the European debt crisis, particularly the prospect that Greece may end up defaulting in a disorderly fashion. A deal on restructuring Greek debt remained elusive on Thursday, but talks continue Friday.

The deal is a key condition for Greece to receive additional bailout funds from the European Union and International Monetary Fund. Without additional financial support, Greece may not be able to make a €14 billion payment it owes on bonds that comes due March 20.

Officials from the IMF, EU and European Central bank, known as the troika, are also in Athens reviewing the nation's finances.

* Greek debt talks remain elusive

Investors are still weighing quarterly results from some of the nation's biggest tech firms that reported after the bell Thursday. Microsoft (MSFT, Fortune 500), Intel (INTC, Fortune 500) and IBM (IBM, Fortune 500) posted solid fourth-quarter earnings, but Google badly missed Wall Street forecasts.

"Google was the biggest disappointment, but I would argue that that's just a temporary phenomenon," said Chip Cobb, senior vice president at Bryn Mawr Trust Asset Management.

Google (GOOG, Fortune 500) shares plunged more than 8% Friday, while IBM and Microsoft both gained more than 4%. Intel shares closed nearly 2% higher.

U.S. stocks advanced Thursday, for a third straight session, thanks to solid gains from financial stocks. Shares of both Bank of America (BAC, Fortune 500) and Morgan Stanley (MS, Fortune 500) gained after the firms released their quarterly results.

World markets: European stocks closed slightly down. Britain's FTSE 100 (UKX) ticked down 0.2%, while the DAX (DAX) in Germany slipped 0.2% and France's CAC 40 (CAC40) fell 0.2%.

Asian markets ended higher. The Shanghai Composite (SHCOMP) climbed 1%, the Hang Seng (HSI) in Hong Kong added 0.8% and Japan's Nikkei (N225) rose 1.5%.

Companies: U.S. markets have more corporate earnings to digest, after Dow component General Electric (GE, Fortune 500) reported its quarterly results Friday morning. The company's earnings just beat forecasts, but GE's shares fell 0.2%, as its revenue fell short of expectations.

* 100 Best Companies to Work For

Shares of Apple (AAPL, Fortune 500) fell 1.75%, a day after the tech giant's market cap briefly topped $400 billion.

Shares of Carnival Corp. (CCL), which owns the grounded Italian cruise liner Costa Concordia, remain under pressure. Carnival's stock has shed 7% since the Jan. 13 accident. Shares were down another 1% Friday.

Economy: Investors received an auspicious report on existing-home sales from the National Association of Realtors Friday morning. Sales rose by 5% in December, faster than an expected 2.9%, according to a survey of analysts by Briefing.com.

Homes sold at an annual rate of 4.6 million, up from a rate of 4.42 million in November. The realtor group cited early signs of "sustained recovery."

Currencies and commodities: The dollar rose against the euro, the British pound and the Japanese yen.

* Video - TransCanada: No plans to back off Keystone

Oil for February delivery slipped $2.28 to $98.11 a barrel. Oil for March delivery, which becomes the active contract at the close of trade Friday, lost $2.21 to $99.33.

Gold futures for February delivery added $9.50 to $1,664.00 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury dropped, pushing the yield up to 2.03%.



Market Update

4:30 pm : The S&P 500 poked into positive territory in the final minutes of the session to book its best closing level since summer. Although it made for only an incremental gain, the broad market measure has now finished in higher ground for four straight sessions. That helped the broad market book a 2.0% weekly gain, which marked its third consecutive weekly climb.

Action was mostly muddled today, but financials made a late emergence to score a 0.7% gain and give the stock market a helpful lift. The sector had spent most of the session mired near the neutral line as participants processed quarterly reports from regional lenders Comerica (CMA 29.58, +0.90) and Fifth Third Bancorp (FITB 13.18, -0.38) and financial services outfit American Express (AXP 50.04, -0.91). Fifth Third was the only one that came short of the consensus earnings estimate.

A raft of heavy hitters from the tech sector was out with results, too. Between Google (GOOG 586.00, -53.57), IBM (IBM 188.52, +8.00), Microsoft (MSFT 29.71, +1.59), and Intel (INTC 26.38, +0.75), Google was the only one that failed to generate the earnings that Wall Street had expected. The sector settled with a narrow gain of 0.2%.

Not to be overlooked, blue chip conglomerate General Electric (GE 19.15, +0.00) posted an upside earnings surprise of its own. It was subjected to early pressure, but overcame the selling to settle at the flat line.

Plenty of market action in recent weeks has been driven by the dollar-euro dynamic, given the tacit signals about economic health and financial sentiment conveyed by the currencies. Relative to a collection of competing currencies, the greenback mustered an incremental gain after three straight slides that resulted in a weekly loss of about 1.7%. The euro slipped just 0.2% against the greenback, but still settled the week with a 2.0% gain at $1.29.

Economic data was limited to December existing home sales, which hit an annualized rate of 4.61 million units. That bested the rate of 4.55 million units that had been generally expected.

The combination of earnings reports from several widely-held names and monthly options expirations helped lift share volume above recent levels, but the final tally on the NYSE remained less than 1 billion.

Leading up to the week's end, trade on Thursday saw stocks score varied gains as participants digested a deluge of data and a raft of earnings reports. Overall consumer prices were unchanged during December, but core prices increased by 0.1% when both had been expected to increase by 0.1%. As for weekly initial jobless claims, they made a surprisingly sharp drop to a multi-year low of 352,000. Housing starts for December were somewhat disappointing since they fell to an annualized rate of 657,000, which is less than the rate of 673,000 units that had been expected. The Philadelphia Fed Survey for January hit 7.3, but that was still shy of the 10.0 that had been expected among many economists.

Earnings in focus on Thursday featured upside surprises from eBay (EBAY 31.92, +0.41), United Health (UNH 52.27, -0.05), Union Pacific (UNP 112.84, +0.66), Freeport McMoRan (FCX 43.10, -1.27), and Morgan Stanley (MS 18.39, +0.11). Bank of America (BAC 7.07, +0.11) actually came short of the bottom line consensus. Eastman Kodak (EK 0.31, +0.01) came into focus for its declaration of bankruptcy.

Trade on Wednesday took Goldman Sachs (GS 108.74, +1.06) sharply higher after the investment bank and brokerage outfit posted an upside earnings surprise. Yahoo! (YHOO 15.96, -0.16) also got a bid when it was learned that co-founder Jerry Yang will leave the company.

Data was limited to news that producer prices for December slipped by 0.1%, but core producer prices increased by 0.3%. Many economists had expected that each price measure to increase by 0.1%. Separately, industrial production during December increased by 0.4%, which is only slightly less than the 0.5% increase that had been broadly anticipated.

There was some mid-week buzz about the International Monetary Fund wanting to expand its lending capacity, reportedly in the range of $600 billion to $1 trillion, in order to be able to meet a perceived financing shortfall. That same day the World Bank lowered its global growth forecast to reflect 2012 growth of 2.5% and 2013 growth of 3.1%.

Since domestic markets were closed on Monday in observance of Martin Luther King Day, the week started on Tuesday with traders encouraged by news that China's fourth quarter GDP climbed 8.9% from the prior year. Even though that marked a deceleration from the 9.1% annual rate posted in the prior month, it proved better than what had been anticipated by many. The country also reported that retail sales and industrial production for December climbed at a double-digit clip from one year ago.

Although they would offer leadership later in the week, financials faltered Tuesday as participants responded to an earnings miss from Citigroup (C 29.64, +0.31) and in-line results from Wells Fargo (WFC 30.54, +0.39).DJ30 +96.50 NASDAQ -1.63 NQ100 -0.2% R2K +0.3% SP400 +0.0% SP500 +0.88 NASDAQ Adv/Vol/Dec 1515/1.96 bln/996 NYSE Adv/Vol/Dec 1734/927 mln/1242

3:30 pm : Crude oil prices fell $2.10, or 2.1%, to close at $98.25 per barrel. After faltering in early going, natural gas managed to muster a $0.03 gain, or 1.3%, to settle pit trade at $2.35 per MMBtu.

Gold gained $9.00, or 0.5%, to close pit trade at $1663.60 per ounce. Silver scored a $1.18 gain, or 3.9%, to settle at $31.73 per ounce.

Collective action took down the CRB Index to a 0.7% loss. It still managed to score a 0.7% weekly gain, though. DJ30 +71.18 NASDAQ -7.83 SP500 -1.97 NASDAQ Adv/Vol/Dec 1370/1.52 bln/1115 NYSE Adv/Vol/Dec 1570/605 mln/1385

3:00 pm : Only an hour remains in today's trade. That has many market participants looking ahead to next week, when earnings season will get going in earnest as more than a couple of hundred companies prepare to release quarterly results. Earnings this week may have been limited in number, but they were from many widely held names. Although there have been a few disappointments, results were generally better than expected.DJ30 +65.65 NASDAQ -6.89 SP500 -2.62 NASDAQ Adv/Vol/Dec 1320/1.40 bln/1140 NYSE Adv/Vol/Dec 1455/565 mln/1480

2:30 pm : Stocks have turned lower in recent trade, but the major averages are still comfortably above their session lows. Although today has been lackluster, the muddled action is allowing the stock market's recent gains to consolidate. As things currently stand, the S&P 500 is headed for a weekly gain of almost 2%. It would actually stand as the stock market's third straight weekly gain.DJ30 +55.13 NASDAQ -8.23 SP500 -3.39 NASDAQ Adv/Vol/Dec 1335/1.29 bln/1100 NYSE Adv/Vol/Dec 1545/530 mln/1375

2:00 pm : The stock market's recent move higher has failed to generate any real momentum or real follow-through. Instead, stocks continue to chop along in mixed fashion.

Without any major earnings announcements or economic releases scheduled for the rest of the day action has started to slow. To be fair, though, slow or sluggish action is not unusual for a Friday afternoon. DJ30 +63.08 NASDAQ -4.57 SP500 -2.39 NASDAQ Adv/Vol/Dec 1355/1.21 bln/1075 NYSE Adv/Vol/Dec 1575/510 mln/1340

1:30 pm : A recent flurry of buying has taken each of the three major equity averages to its best level of the day, but neither the Nasdaq nor the S&P 500 has poked into positive territory. The move comes without any clear cause or catalyst, but it has caused Treasuries to move to session lows.DJ30 +69.55 NASDAQ -1.82 SP500 -1.11 NASDAQ Adv/Vol/Dec 1315/1.10 bln/1095 NYSE Adv/Vol/Dec 1490/475 mln/1400

1:00 pm : The major equity averages have spent the entire session chopping along in mixed fashion. Their lack of direction is largely owed to a lack of leadership.

For the past few sessions either financial stocks, tech stocks, or both sectors have provided the broad market with leadership, but both groups have been mired near the neutral line for most of today. Financials are currently up only 0.1% as strength in Comerica (CMA 29.77, +1.09) is offset by weakness in Fifth Third Bancorp (FITB 13.00, -0.56) and American Express (AXP 50.00, -0.95). Of the three, only Fifth Third came short of the consensus earnings estimate.

As for tech plays, Google (GOOG 586.00, -53.57) has weighed heavily on the space following a surprisingly low earnings figure. That has countered strength in IBM (IBM 188.48, +7.96), Microsoft (MSFT 29.49, +1.37), and Intel (INTC 26.13, +0.50), each of which exceeded expectations for their earnings.

General Electric (GE 19.13, -0.02) and Schlumberger (SLB 73.44, +0.58) were among those that reported quarterly results ahead of the open. Both bested bottom-line expectations, but only recently have shares of GE come close to crossing into positive territory.

While the release of earnings from several widely held names may have pulled in participants from the sidelines, volume this session is also being boosted by the expiration of monthly options today. In fact, share volume on the NYSE is already quickly approaching a half billion.

Economic data certainly isn't driving any additional action today. The only item on the docket was the existing home sales number for December. It hit an annualized rate of 4.61 million units, which is greater than the 4.55 million units that had been generally expected, but there really was never much of a reaction to the reading.

The dollar is having a quiet day as it sits on a fractional gain following three consecutive losses that have left it down about 1.6% for the week. DJ30 +63.42 NASDAQ -4.88 SP500 -2.23 NASDAQ Adv/Vol/Dec 1265/1.02 bln/1115 NYSE Adv/Vol/Dec 1430/450 mln/1450

12:30 pm : The dollar is up just 0.1% against a collection of competing currencies. Although that isn't much at all, it is enough to give the greenback hope for its first gain of the week. Losses in the previous sessions have the dollar down about 1.6% this week. That comes after three consecutive weekly gains.

The dollar's weakness in recent days comes as market participants bid up the euro due to cooled concerns about the precarious conditions of Europe, although the efforts to shore up conditions in the continent certainly remain in focus for many traders. DJ30 +61.15 NASDAQ -7.05 SP500 -3.09 NASDAQ Adv/Vol/Dec 1255/940 mln/1105 NYSE Adv/Vol/Dec 1405/425 mln/1450

12:00 pm : The S&P 500 recently slipped to a session low, but has been able to turn upward. Overall pressure remains modest.

Financials make up the only major sector that has managed to muster any kind of gain in recent trade. The sector is up only 0.1%, though. Regional bank Comerica (CMA 29.65, +0.97) has been a source of strength following the firm's upside earnings surprise, but peer Fifth Third Bancorp (FITB 13.04, -0.52) has been a drag following its earnings miss. Dow component American Express (AXP 50.00, -0.95) has also been a source of weakness, despite the firm's better-than-expected bottom line. DJ30 +49.65 NASDAQ -7.46 SP500 -4.09 NASDAQ Adv/Vol/Dec 1200/805 mln/1145 NYSE Adv/Vol/Dec 1355/390 mln/1500

11:30 am : Even though stocks have spent the session listlessly chopping along with mixed results, Treasuries have had to wrestle with some selling. Although pressure has been only moderate, it has still been enough to take the yield on the benchmark 10-year Note back up to 2.00%, which makes for the Note's highest yield since the end of December.DJ30 +40.45 NASDAQ -8.86 SP500 -4.90 NASDAQ Adv/Vol/Dec 1190/690 mln/1130 NYSE Adv/Vol/Dec 1320/360 mln/1510

11:00 am : Trade is still choppy. The lack of direction comes as a consequence of an absence of leadership. Financials and tech, which provided leadership in each of the two previous sessions, are seeing little action. As such, tech stocks, which are on pace for a weekly gain of about 3%, are basically unchanged today. Meanwhile, financials are drifting sideways along the flat line as they rest on a weekly gain of nearly 2%.DJ30 +57.10 NASDAQ -5.61 SP500 -3.26 NASDAQ Adv/Vol/Dec 1240/540 mln/1005 NYSE Adv/Vol/Dec 1415/315 mln/1370

10:35 am : The dollar index is higher this morning, but has been moving back towards the unchaned line in recent trade which is giving a boost to commodities.

In the energy space, Feb crude oil has been in negative territory all morning and just put in a new session low of $98.08/barrel. Crude has slowly been climbing higher from that level and is now down 1.8% at $98.59/barrel.

Feb natural gas ran to a new session high of $2.37/MMBtu in recent trade, but has since pulled back near the unchange line.

In metals, Feb gold and March silver has rallied back into positive territory in recent activity and hit new session highs. Gold is now up 0.4% at $1661.30 and silver is up 1.0% at $30.80/oz.DJ30 +63.50 NASDAQ -3.12 SP500 -2.05 NASDAQ Adv/Vol/Dec 1281/508 mln/963 NYSE Adv/Vol/Dec 1437/312 mln/1328

10:05 am : Choppy action in the early going has left the major equity averages to continue trading in mixed fashion. No immediate reaction has been made to the latest monthly reading on existing home sales.

Existing home sales during December hit an annualized rate of 4.61 million units, which is greater than the 4.55 million units that had been generally expected among economists polled by Briefing.com. Not only does the broad market appear to be shrugging off the number, but the SPDR S&P Homebuilders ETF (XHB 18.97, -0.20) also appears unenthused. DJ30 +33.68 NASDAQ -8.29 SP500 -2.34 NASDAQ Adv/Vol/Dec 890/185 mln/1150 NYSE Adv/Vol/Dec 1180/210 mln/1435

09:45 am : The S&P 500 and Nasdaq are both down with modest losses in the early going, but the Dow has managed make a modest move higher. The Dow's relative strength comes after it had lagged its counterparts in each of the two previous showings.

Among blue chips, shares of General Electric (GE 18.98, -0.17) and American Express (AXP 50.05, -0.90) are under pressure, but gains by IBM (IBM 186.04, +5.52), Microsoft (MSFT 28.98, +0.86), and Intel (INTC 25.80, +0.17) are giving the price-weighted Dow support. Each posted an upside earnings surprise for the latest quarter. DJ30 +32.85 NASDAQ -7.95 SP500 -2.00 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -13.00. Buying interest has cooled after a string of gains took the stock market to a new multi-month high yesterday. Although Asia's major averages advanced overnight, participants are keeping a watchful eye on Europe, where the region's major bourses are down with varied losses following their own string of gains earlier this week. The euro is also experiencing some selling, such that it trails the dollar by just 0.3%. Better-than-expected earnings from the likes of General Electric (GE 18.72, -0.43), IBM (IBM 185.50, +4.98), and Microsoft (MSFT 28.79, +0.67) have been unable to stir much broad market support ahead of the open; many traders have been surprised by news that Google (GOOG 590.80, -48.77) came short of the consensus earnings estimate. Note: ticker quotes reflect premarket prices. Participants continue to await the 10:00 AM ET release of today's only dose of economic data -- existing home sales numbers.

09:05 am : S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -12.80. Energy prices are under pressure while precious metals trade mixed this morning. Specifically, oil prices are down 1.3% to $99.22 per barrel in the opening minutes of pit trade. Meanwhile, natural gas continues to come under concerted selling pressure, such that the energy component now trades at $2.35 per MMBtu for a 0.7% loss. Following the close of pit trade yesterday the contract fell as low as $2.33 per MMBtu in electronic trade to log its lowest level in nearly 10 years. Gold prices are currently down about 0.1% to $1652 per ounce, while silver is stuck at $30.50 per ounce, leaving it unchanged for the session.

08:35 am : S&P futures vs fair value: -4.30. Nasdaq futures vs fair value: -13.30. Following a string of gains Europe's major bourses have come under pressure today, although the extent of selling has varied. Germany's DAX is down 0.3%. RWE AG and Infineon Tech have been heavy drags on trade there, but a big bounce by Commerzbank on high volume has helped offset some of their weakness. Deutsche Bank (DB 41.94, -0.07) is also garnering some buying interest. Germany reported that producer prices for December were up 4.0% from the same period one year ago, but down 0.4% month over month. France's CAC is currently off by 0.5%. Alcatel-Lucent (ALU 1.95, -0.04) is among its poorer performers, but an analyst downgrade has weighed on L'Oreal. In Britain, the FTSE is off only fractionally at the moment. BP Plc (BP 43.68, -1.03) has been a considerable source of weakness, but banking outfits Lloyds Group (LYG 1.99, +0.01), Royal Bank of Scotland (RBS 8.49, +0.18), and Barclays (BCS 14.04, +0.51) are benefiting from strong buying interest. Retail sales less autos and fuel in the United Kingdom increased by 0.6% during December after a 0.4% decline in November.

Overnight action in Asia was generally positive. Japan's Nikkei put together a 1.5% gain. Buying was broad based, but the move was largely led by Mizuho Financial (MFG 2.84, +0.00) and Mitsubishi UFJ (MTU 4.48, +0.13). Japan reported that its All Industry Activity Index fell by 1.1% during November after it had increased by 0.8% in the prior month. Hong Kong's Hang Seng advanced to a gain of 0.8%. Meanwhile, mainland China's Shanghai Composite climbed 1.0%. Banks and financial institutions were primary leaders there. The HSBC Flash Manufacturing PMI from China inched up to 48.8 in December from 48.7 in the prior month. The reading has now been below 50, which is the line between expansion and contraction, for three straight months.

Note: all ticker quotes reflect premarket prices.

08:05 am : S&P futures vs fair value: -3.90. Nasdaq futures vs fair value: -11.50. The major equity averages stretched up to new multi-month highs in the prior session, but the lack of follow-through has left stock futures to trade in mixed fashion ahead of today's open. Muddled trade in Europe has likely put in check some buying interest, as has a pullback by the euro, which is currently down 0.4% against the greenback, but still on pace for a weekly gain of almost 2%.

The latest round of earnings results featured bottom-line beats by American Express (AXP 49.91, -1.04), IBM (IBM 185.06, +4.54), Microsoft (MSFT 28.84, +0.72), General Electric (GE 18.70, -0.45), and Schlumberger (SLB 72.86, +2.23), but earnings from Google (GOOG 587.40, -52.17) came short of what Wall Street had expected. Note: ticker quotes reflect premarket prices.

Existing home sales numbers for December make up the only item on today's economic calendar. They are due at 10:00 AM ET.

06:31 am : [BRIEFING.COM] S&P futures vs fair value: -4.00. Nasdaq futures vs fair value: -10.00.

06:31 am : Nikkei...8766.36...+126.70...+1.50%. Hang Seng...20110.37...+167.40...+0.80%.

06:31 am : FTSE...5738.54...-1.60...0.00. DAX...6380.06...-36.20...-0.60%.

06:25 am : S&P futures vs fair value: -4.0. Nasdaq futures vs fair value: -10.0.

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

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

Phone: +1.708.572.4885
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