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 Only Trading (no indicators)


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Trade Performance for Today: +12.60 points or $1260 dollars in the ICE Russell 2000 Emini TF ($TF_F) Futures.
1 tick or 0.10 = $10 dollars and to find out more contract information about the Russell 2000 Emini TF...click here.

In addition, today's #FuturesTrades chat room logs provides details about each trade from entry to exit along with commentary as the trade traversed...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=83&t=675

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/viewforum.php?f=119. However, you must join the TSL Support Forum to access the free study guide. To register...click here.

Volatility Trading Report (VTR) @ http://www.thestrategylab.com/VolatilityTrading.htm

Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=125&t=825

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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 actions, global economics that had an impact on today's price action. Simply, I'm a strong believer that many variables causes key changes in supply/demand and volatility that's arguably just as important as my technical analysis.

Bloomberg Video - U.S. Stocks Retreat as Financial Shares Decline
Nov. 9 (Bloomberg) -- Bloomberg's Courtney Donohoe reports on the performance of the U.S. equity market today. U.S. stocks fell as financial and raw-materials companies dragged benchmark gauges to the biggest decline in three weeks, wiping out an early advance led by energy producers.

CNNMoney.com - Stocks Flounder As Commodities Shine

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By Ben Rooney, staff reporter
November 9, 2010: 4:52 PM ET

NEW YORK (CNNMoney.com) -- Stocks slumped while gold rallied to a record high Tuesday as investors continued to grapple with the Federal Reserve's latest effort to stimulate the economy.

The Dow Jones industrial average (INDU) was down 60 points, or 0.5%, to end at 11,421. The S&P 500 (SPX) shed 10 points, or 0.8%, to 1,227. The Nasdaq (COMP) slipped 17 points, or 0.6%, to 2,593.

Bank of America (BAC, Fortune 500) lead decliners on the Dow, while energy giant Exxon Mobil (XOM, Fortune 500) was the best performer on the index. Shares of other big banks also fell, with Citigroup (C, Fortune 500) and Morgan Stanley (MS, Fortune 500) down over 3%.

Meanwhile, gold prices surged to a record high for the second day in a row, while silver prices also jumped to fresh 30-year highs. Oil prices erased earlier gains to end slightly lower after the dollar regained ground in the currency market.

"Everything is really dictated by the dollar," said Ryan Larson, a senior equity trader at RBC Global Asset Management, noting that low trading volumes were adding to the market's lack of conviction. "The dollar is catching a bid and conversely we've seen the equity markets selloff modestly," he said.

Traders said the market is still adjusting to last week's announcement from the U.S. central bank, which officially unveiled plans to pump $600 billion into the economy via a bond-buying policy known as quantitative easing.

Some investors are betting the Fed policy will hurt the dollar and cause inflation to spike at some point in the future. As a result, they have been buying up gold as a hedge against rising prices. Others believe the extra liquidity will continue to boost stocks and commodities.

After climbing to fresh two-year highs last week on anticipation of the move, stocks have been drifting sideways since the Fed announced its plan.

"The lack of catalyst that is leaving traders without direction," said Larson.

The job market will be in focus Wednesday morning when the Labor Department releases its weekly report on initial claims for unemployment benefits. Investors will also take in reports on the U.S. trade balance and treasury budget.

In addition, investors are looking ahead to this week's meeting of leaders from the Group of 20 major economies, which starts Thursday in Seoul.

The meeting comes against a backdrop of tensions over global trade and currency policies. While expectations are high for the G-20 meeting, analysts said a definitive accord is unlikely to be achieved.

Stocks ended lower Monday amid a lack of economic data and strong demand for commodities.

Currencies and commodities: Gold and silver soared to new highs, while cotton prices rose 6% to another all-time high following a USDA crop report that cut the production outlook for 2011.

Oil prices slipped, erasing earlier gains, as the dollar recovered some ground. The dollar rose 0.7% on the euro, and gained the 0.8% versus the British pound. Against the Japanese yen, the dollar was up 0.4%.

Oil for December delivery fell 34 cents to close at $86.72 a barrel.

Gold futures for December delivery rose $6.90 to settle at an all-time high of $1,410.10 an ounce. Earlier, gold reached a record trading high of $1,422.10 an ounce.

Silver prices rose $1.47 an ounce to end at a 30-year high of $28.91.

* Track commodities prices

Prices for commodities of all sorts have been rising recently as investors bet the Fed's accommodative policies will undermine the greenback. A weaker dollar typically supports commodities priced in the U.S. currency, such as oil and gold.

At the same time, some commodities are benefiting from concerns that Fed policy will lead to a bout of inflation at some point in the future.

"Investors are searching for potential alternatives in a world where paper currency, specifically dollars, may be less trustworthy than they once were," said Lawrence Creatura, a portfolio manager with Federated Clover Investment Advisors.

Economy: A government report showed that wholesale inventory levels rose more than expected in September, while a survey of small business owners showed optimism rose in October.

* Fixing Washington's balance sheet

The Commerce Department said wholesale inventories rose 1.5% in the month from an upwardly revised 1.2% gain in August. Economists had expected a 0.6% increase, according to consensus estimates from Briefing.com.

The National Federation of Independent Business said its Index of Small Business Optimism gained 2.7 points in October, rising to 91.7. While the index remains below pre-recession levels, the NFIB said last month's increase reflects an expected improvement in economic activity.

Companies: Shares of Yahoo (YHOO, Fortune 500) rose 3% following reports that a group of private equity investors had approached Alibaba Group chairman Jack Ma about joining a takeover bid. The report is the latest in a series of takeover and merger rumors involving Yahoo in recent weeks.

Online travel booking service Priceline.com (PCLN) reported better-than-expected gains in third-quarter sales and profits. Shares of the company were up nearly 8%.
0:00 /0:57Priceline stock flies high

GE (GE, Fortune 500) announced a $2 billion investment in China through 2012. $500 million of the funds will be used to increase research and development, while $1.5 billion will be invested with joint ventures with Chinese state-owned enterprises. GE shares eased 0.6%.

Natural gas producer Atlas Energy (ATLS) said early Monday that it has agreed to be purchased by Chevron (CVX, Fortune 500) in a deal worth $4.3 billion. Atlas shareholders will receive $43.34 per share, in what is the latest deal in a string of large oil companies snapping up natural gas producers. Chevron shares fell 1.6%, but shares of other natural gas producers such as Cabot Oil & Gas (COG), Range Resouces (RRC), Chesapeake Energy (CHK, Fortune 500) and Southwestern Energy (SWN) all moved higher.

World markets: European stocks closed higher. Britain's FTSE 100 rose 0.4%, the DAX in Germany ticked up 0.5% and France's CAC 40 added 0.8%.

Asian markets ended the session lower. The Shanghai Composite fell 0.8%, the Hang Seng in Hong Kong dropped 1% and Japan's Nikkei declined 0.4%.

Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 2.64% from 2.56% late Monday.



Yahoo! Finance - Market Update

4:30 pm : Stocks fell to a marked loss as the dollar reversed an early loss to stage its third straight advance.

For the first time since August the greenback has gained ground against competing currencies in three straight days of trade. The latest advance, which netted the greenback a 0.9% gain after it had been down as much as 0.4%, has the dollar up 2.8% from the 2010 low that it set just last week.

There were no market moving announcements from any widely-held companies and data for today was of little consequence, so action among stocks remained tethered to that of the dollar. Keeping with their inverse relationship, the stock market moved lower as the dollar extended its climb into the close.

Financials were hit the hardest. The sector dove to a 2.2% loss. Of the sector's 81 members, only Marshal & Isley (MI 5.59, +0.05) and People's United (PBCT 12.56, +0.04) booked gains. Property plays were particularly weak.

Meanwhile, bond insurer Ambac Financial (ABK 0.24, -0.28) saw its share price slashed in half following news that it has filed for bankruptcy.

Materials stocks made up the next worst performing sector. The sector had actually been up as much as 0.9% as it traded with relative strength in the first half of the session, but it settled with a 1.6% loss.

Early buying among basic materials stocks was partly helped by continued strength among commodities. Precious metals were particularly strong as gold gained 0.4% to settle pit trade at $1410.10 per ounce and silver rallied 5.3% to settle at $28.91 per ounce. Prior to the close of pit trade gold hit a new all time high of $1424.30 per ounce and silver set a fresh 30-year high of $29.34 per ounce. Both rolled over in electronic trade, though.

Though precious metals prices were pushed lower after the close of pit trade and the dollar staged a strong rally, the CRB Commodity Index continued its climb with a 1.2% gain to a new two-year high. The CRB has booked nine consecutive gains.

Treasuries failed to attract any support today. In fact, they encountered increased pressure after results from an auction of 10-year Notes were released. The auction drew a bid-to-cover ratio of 2.80 on dollar demand of $67.2 billion and an indirect bidder participation rate of 56.6%. The benchmark 10-year Note fell close to a point while the 30-year Bond dropped two full points. Their yields were last quoted near 2.66% and 4.25%, respectively.

Advancing Sectors: (None)
Declining Sectors: Financials (-2.2%), Materials (-1.6%), Industrials (-0.9%), Consumer Discretionary (-0.9%), Utilities (-0.6%), Health Care (-0.5%), Consumer Staples (-0.4%), Tech (-0.3%), Energy (-0.3%), Telecom (-0.1%)DJ30 -60.09 NASDAQ -17.07 NQ100 -0.6% R2K -1.5% SP400 -1.1% SP500 -9.85 NASDAQ Adv/Vol/Dec 743/2.19 bln/1904 NYSE Adv/Vol/Dec 809/1.11 bln/2194

3:30 pm : Commodities continued their rally today, with every sector but livestock finishing higher on the day. Soft commodities led the charge with a 3.5% rally.

Dec gold finished higher by 0.4% to $1410.10 per ounce, while Dec silver rallied for 5.3% to settle at $28.91 per ounce. Both metals rallied again today, with gold trading to a new all time high at $1424.30 per ounce and silver surging a fresh 30-yr high at $29.34 per ounce. However, the dollar eventually recouped its losses and that weighed on both metals. In afterhours trade, gold futures have turned negative while silver has given back most of its gains.

Dec crude oil finished lower by 0.5% to $86.72 per barrel, effectively ending its 6-session rally. The rebound in the dollar pushed crude into negative territory and it was unable to recover. Dec natural gas finished higher by 2.3% to $4.21 per MMBtu, as it traded to its best levels since mid-Aug. DJ30 -58.39 NASDAQ -14.69 SP500 -8.76 NASDAQ Adv/Vol/Dec 815/1.7 bln/1813 NYSE Adv/Vol/Dec 837/759.3 mln/2146

3:00 pm : Only an hour remains before the close. That puts focus on tomorrow's calendar.

The earnings calendar continues to lighten with no real market movers scheduled to report this evening or tomorrow morning. Macy's (M 25.16, -0.41) is one of the more widely recognized names scheduled to report before tomorrow's open.

Trade balance data for September, import price data for October, and initial weekly jobless claims will be released tomorrow. Initial claims typically come on Thursdays, but Veterans Day will be observed this Thursday. DJ30 -48.93 NASDAQ -10.04 SP500 -6.64 NASDAQ Adv/Vol/Dec 918/1.62 bln/1703 NYSE Adv/Vol/Dec 959/690 mln/2006

2:30 pm : Stocks are stuck in the red. The slide has made for the second straight session of listless trade.

Participation has been decent, though. As such, share volume on the NYSE should pass the 1 billion mark. Trading volume had waned ahead of last week as many investors exercised caution ahead of the midterm elections, FOMC statement, and monthly jobs report. DJ30 -36.03 NASDAQ -7.34 SP500 -5.11 NASDAQ Adv/Vol/Dec 947/1.51 bln/1662 NYSE Adv/Vol/Dec 1013/637 mln/1944

2:00 pm : With the dollar continuing to climb -- now up 0.5% -- stocks are extending their slide so that each of the three major equity averages to fresh session lows.

Financials have been hit the hardest by the latest round of selling. That sector is now down 1.5%, which is almost double the next worst performing sector (consumer discretionary, -0.8%). Bond insurer Ambac Financial (ABK 0.24, -0.28) is one of the worst performers of the entire session. Its share price has been halved following news that it has filed for bankruptcy. DJ30 -51.50 NASDAQ -9.88 SP500 -6.80 NASDAQ Adv/Vol/Dec 917/1.40 bln/1682 NYSE Adv/Vol/Dec 933/582 mln/2020

1:30 pm : The stock market recently moved another leg lower. Overall losses remain relatively modest, however.

Despite broader market weakness, Treasuries have been unable to attract any support. In fact, the 10-year Note recently sold off so that its yield climbed to a session high of about 2.64%. The action follows results from an auction of 10-year Notes. The auction drew a bid-to-cover ratio of 2.80 on dollar demand of $67.2 billion and an indirect bidder participation rate of 56.6%. For comparison, the prior auction brought about a bid-to-cover of 2.99 on dollar demand of $62.8 billion and an indirect bidder participation rate of 41.5%. An average of the past six auctions produces a bid-to-cover of 3.09, dollar demand of $67.9 billion and an indirect bidder participation rate of 44.3%.DJ30 -44.80 NASDAQ -5.90 SP500 5.19 NASDAQ Adv/Vol/Dec 1036/1.25 bln/1527 NYSE Adv/Vol/Dec 1081/519 mln/1829

1:00 pm : For the second straight session a bounce by the dollar has taken stocks moderately lower.

The dollar had been down as much as 0.4% at its session low, but has since rebounded to a 0.3% gain, which puts it on pace for its third straight advance. The greenback hasn't had a streak of three straight gains since August.

With the dollar up, stocks have come under another fit of selling pressure. That has left the major equity averages to trade in the red with modest losses.

Despite the dollar's advance, commodities remain strong, such that the CRB Commodity Index is up 1.4% in its ninth straight gain. The CRB's string of gains has put it at a new two-year high.

Silver has been a standout among commodities. It is up 5.4% to $28.92 per ounce at the moment. It was at $29.03 per ounce, a new 30-year high, earlier. Meanwhile, gold set a new record high of $1424 per ounce earlier and is now at $1422 per ounce with a 1.4% gain.

Oil prices in the continuous contract set a new two-year high of $87.63 per barrel, but it has since pulled back to the unchanged mark at $87.05 per barrel.

With commodities showing resilience, resource-linked stocks are showing relative strength for the second straight session. More specifically, materials stocks are up 0.1% and energy stocks are up 0.5%.

The energy sector has been helped by some merger and acquisition activity that featured an offer from Dow component Chevron (CVX 83.94, -0.86) to acquire Atlas Energy (ATLS 42.39, +10.67) for $4.3 billion, or $43.34 per share.

Other corporate announcements of the day have been generally shrugged off by the broader market.

Results from an auction of 10-year Notes will be posted at any moment. DJ30 -29.52 NASDAQ -2.99 SP500 -2.81 NASDAQ Adv/Vol/Dec 1035/1.16 bln/1524 NYSE Adv/Vol/Dec 1186/470 mln/1726

12:30 pm : Selling has paused for a moment so that each of the three major equity averages has steadied its descent into the red.

Airline stocks remain under some pretty stiff pressure, though. In turn, the Amex Airline Index is down 1.5%. Despite the weakness in that space, Pinnacle Airlines (PNCL 6.50, +0.84) shares are up close to 15% following news of its better-than-expected earnings results. DJ30 -25.51 NASDAQ -2.49 SP500 -2.49 NASDAQ Adv/Vol/Dec 1048/1.06 bln/1484 NYSE Adv/Vol/Dec 1218/422 mln/1684

12:00 pm : The stock market was recently stuck just below the flat line, but it has since been hit with a sudden flurry of selling. That has sent the stock market to a session low.

The slide by stocks comes amid renewed strength in the dollar. Though the greenback is now up just 0.2%, it has come up from a loss of 0.4%.

The dollar's advance has not had as much of an adverse effect on commodities, however. In fact, the CRB Commodity Index remains near its session high with a 1.1% gain. DJ30 -35.19 NASDAQ -4.76 SP500 -2.90 NASDAQ Adv/Vol/Dec 1070/926 mln/1420 NYSE Adv/Vol/Dec 1252/375 mln/1645

11:30 am : The dollar has climbed out of the red to sport a slight gain against competing currencies. Its move has put pressure on stocks.

Resource-linked stocks continue to trade with strength, though. As such, energy stocks are up 0.7% as a group. Their advance is currently led by Range Resources (RRC 43.53, +2.80) following word that Chevron (CVX 83.79, -1.01) has offered to acquire Atlas Energy (ATLS 42.33, +10.61) for $43.34 per share.

Meanwhile, materials stocks are up 0.4% as Monsanto (MON 63.79, +1.49) makes its way to a new six-month high. DJ30 -12.34 NASDAQ +0.40 SP500 -0.39 NASDAQ Adv/Vol/Dec 1127/813 mln/1348 NYSE Adv/Vol/Dec 1378/334 mln/1481

11:00 am : The broader market has pulled back to the flat line after it had started to stage a nice gain. The reversal comes as the dollar trims its loss so that it now trails a basket of competing currencies by just 0.1%.

Tyco International (TYC 38.80, -0.31) has made a marked retreat since an opening gap up. The stock's initial strength was underpinned by news that it posted better-than-expected earnings for its latest quarter, but that has been undermined by downside guidance during its conference call. The firm also announced that it has agreed to sell its majority interest in electrical and metal products business to Clayton Dubilier & Rice for about $720 million in cash. DJ30 -9.31 NASDAQ +5.36 SP500 +0.47 NASDAQ Adv/Vol/Dec 1200/680 mln/1225 NYSE Adv/Vol/Dec 1433/285 mln/1388

10:30 am : Following a brief pullback the CRB Commodity Index has reclaimed its gains so that it is now up 1.1% and on pace for its ninth straight gain. The streak of buying has driven the CRB to a new two-year high.

Silver has been one of the best performers. It is currently up 4.3% to $28.62 per ounce. Silver set a new 30-year high of $28.73 per ounce in earlier activity.

Gold in the continuous contract put in a new record high of $1422.10 per ounce overnight. It is currently trading at $1420.70 per ounce.

Oil prices in the continuous contract set a new two-year high of $87.63 per barrel ahead of pit trade. It was last quoted at $87.40 per barrel, up 0.4%.

Natural gas has pulled back from its session high of $4.21 per MMBtu, but it is still up a strong 0.4% at $4.10 per ounce. DJ30 +4.81 NASDAQ +9.72 SP500 +2.58 NASDAQ Adv/Vol/Dec 1287/520 mln/1084 NYSE Adv/Vol/Dec 1622/220 mln/1173

10:00 am : The major equity averages remain mired near the neutral line. This makes for the second straight session of sideways chop following the two-year high that the stock market set last week.

The initial response to the latest wholesale inventory data has been muted. Wholesale inventories for September increased 1.5%, which is a stronger increase than the 0.6% increase that had been expected among economists polled by Briefing.com. Inventories for the prior month were revised higher to reflect an increase of 1.2%. DJ30 -6.66 NASDAQ +2.79 SP500 +0.56 NASDAQ Adv/Vol/Dec 1050/320 mln/1206 NYSE Adv/Vol/Dec 1446/150 mln/1260

09:45 am : Coming off of its first loss in six sessions, the S&P 500 is looking for direction in the opening minutes of action. Just as it was in the prior session, tech (+0.1%), energy (+0.4%), and materials stocks (+0.5%) are providing support while the other major sectors trade in the red.

Large-cap tech plays like Apple (AAPL 320.51, +1.92) and Cisco (CSCO 24.56, +0.17) are helping drive the tech sector higher. Cisco reports its latest results tomorrow evening.

Strength among resource-linked stocks continues to be helped by higher commodity prices. Commodities are collectively up 0.8%, as measured by the CRB Commodity Index. DJ30 -21.46 NASDAQ +1.00 SP500 -0.90 NASDAQ Adv/Vol/Dec 969/209 mln/1217 NYSE Adv/Vol/Dec 1297/105 mln/1334

09:15 am : S&P futures vs fair value: +2.10. Nasdaq futures vs fair value: +6.30. Stock futures have pulled back from their morning highs amid an upturn by the dollar, which is now down just 0.2% against a basket of competing currencies. General weakness in the dollar and momentum buying have helped drive commodities even higher, such that the CRB Commodity Index stands at another new two-year high. Cotton futures have been hot in recent trade, but many remain attracted to precious metals. There have only been a handful of corporate announcements this morning. None has had any impact on the tone of premarket trade, though merger and acquisition activity like Dow component Chevron's (CVX) $4.3 billion acquisition offer for Atlas Energy (ATLS) can be regarded as a bullish sign. Chevron's offer translates to $43.34 per share, or a 37% premium over ATLS's prior session closing price. The only item on the economic calendar is the Wholesale Inventory Report at 10:00 AM ET. Results from an auction of 10-year Notes will be posted at 1:00 PM ET.

09:00 am : S&P futures vs fair value: +2.30. Nasdaq futures vs fair value: +6.00. Commodities continue to attract strong support, such that the CRB Commodity Index is up another 1.0% to a new two-year high. Its advance this session marks its ninth straight gain. The performance of precious metals has been scintillating as the price of silver is spurred 3.0% higher to $28.25 per ounce and gold is bid up 0.9% to $1416.00 per ounce. Silver in the continuous contract set a new 30-year high of $28.57 per ounce overnight while gold in the continuous contract climbed to a new record of $1422.10 per ounce overnight. In the energy complex, natural gas prices are up 2.5% to $4.19 per MMBtu and oil prices are up 0.4% to $87.40 per ounce.

08:30 am : S&P futures vs fair value: +1.80. Nasdaq futures vs fair value: +4.80. Futures for the S&P 500 continue to sport a modest lead over fair value. Europe's major bourses are in even better shape as Germany's DAX trades with a 0.7% gain. That puts the DAX at a new two-year high. Deutsche Post and Volkswagen have been primary sources of strength in the latest round of trade. France's CAC has climbed 0.8% to a new multi-month high. Though gains have been broad with advancers outnumbering decliners by 4-to-1, Total (TOT) has been a key source of support. Danone has also provided leadership. In Britain, the FTSE has advanced 0.7% to fractionally extend its two-year high. Natural resource plays BP Plc (BP), Rio Tinto (RIO), BHP Billiton (BHP), and Xstrata have led the advance. Barclays (BCS) has also made a nice gain in the wake of a solid quarterly report. Vodafone (VOD) also had a solid report, but its shares are only up fractionally. As for data, United Kingdom industrial production for September increased 0.4%, which matched that of August. Manufacturing production for August increased 0.1% after a 0.4% increase in August. The United Kingdom's visible trade deficit hit 8.23 billion pounds in September after a deficit of 8.47 billion pounds in August.

In Asia, Japan's Nikkei fell 0.4% amid a bounce by the yen, which was last quoted 0.7% higher against the dollar. Fanuc Ltd., Kyocera (KYO), and Olympus led the slide. Japan's trade balance for September hit 926.9 billion yen, up from 195.9 billion in August. Mainland China's Shanghai Composite surrendered 0.8% as PetroChina (PTR), China Petroleum (SNP), and China Life Insurance retreated. Advancing issues were almost in balance with decliners, but those that gained lacked market weight and any legitimate form of leadership. Shandong Gold and Commodities City were atop the list of advancers. Hong Kong's Hang Seng shed 1.0% as it pulled back from the two-year high that it booked in the prior session. Industrial & Commercial Bank, CNOOC (CEO), and China Mobile hampered action.

08:00 am : S&P futures vs fair value: +2.50. Nasdaq futures vs fair value: +6.80. A dip by the dollar has helped bring about a modest bid for stock futures. Solid gains in Europe have also helped establish a positive tone. Gains among Europe's major bourses have coincided with a bounce by the euro. News flow is slow for the second straight day. Data is also light with wholesale inventories for September making up the only item on today's economic calendar (10:00 AM ET). Results from an auction of 10-year Notes will be posted at 1:00 PM ET.

07:26 am : S&P futures vs fair value: +3.60. Nasdaq futures vs fair value: +7.80.

07:26 am : Nikkei...9694.49...-38.40...-0.40%. Hang Seng...24710.60...-253.80...-1.00%.

07:26 am : FTSE...5896.77...+46.80...+0.80%. DAX...6795.87...+45.40...+0.70%.

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 Only Trading (no indicators)
@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

Phone: +1.708.572.4885
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