Trade Results of M.A. Perry Trader and Founder of
WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
Attachment:
021113-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+200.00.png [ 75.26 KiB | Viewed 332 times ]
click on the above image to view today's performance verification Price Action Trade Performance for Today: Emini TF ($TF_F) futures @
$200.00 dollars or +2.00 points, EuroFX 6E futures @
$0.00 dollars or +0.0000 ticks and Light Crude Oil CL (WTI) futures @
$0.00 dollars or +0.00 points.
Total Profit @ $200.00 dollars.
Russell 2000 Emini TF Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @
The ICE Light Crude Oil CL (WTI) Futures: 1 tick or 0.01 = $10.00 dollars and there's more contract information @
CMEGroupCME EuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @
CMEGroupS&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
##TheStrategyLab chat room. You can read
today's ##TheStrategyLab trading chat room logs for 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 in comparison to what's shown in the above image...all archived
@ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=114&t=1435 Also, posted below 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.
Price Action Analysis via 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 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
prior to purchasing the Volatility Trading Report (VTR).
Trading Plan Daily Routine @
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=203&t=1751 -----------------------------
Market Summaries The below summaries by
Bloomberg,
CNNMoney,
Reuters and
Yahoo! Finance helps me to do a quick review of the fundamentals,
FED/
ECB/
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 TF 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 before the appearance of my
technical analysis trade signals. Therefore, I maintain these
archives 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 statements alone.
Attachment:
021113-Key-Price-Action-Markets.png [ 538.57 KiB | Viewed 360 times ]
4:10 pm : The S&P 500 ended today's quiet session with a slim loss of 0.1%. Equities started the day amid mixed European trade where Italian and Spanish stocks trailed behind the remainder of the region. The relative weakness came amid continued political turmoil.
In Italy, markets showed caution as Silvio Berlusconi speculated his party may be closing in on the lead ahead of the February 24/25 general elections.
Meanwhile, Spanish equities underperformed as Prime Minister Mariano Rajoy continued facing increased scrutiny following allegations of having accepted secret payments from his party's slush fund. A weekend poll indicated almost 80% of all respondents have found Mr. Rajoy's explanations to be insufficient.
As Italian and Spanish markets underperformed, their respective yields climbed higher. The Spanish 10-yr added six basis points to 5.43% while Italy's 10-yr yield rose seven basis points to 4.62%.
While the two sovereign yields climbed higher, U.S. interest rates were little changed. The 10-yr yield eased fractionally to 1.946%.
Like Treasury yields, U.S. equities saw little change during today's session. With no earnings or economic data of note, stocks drifted sideways throughout the day. Below average volume contributed to the uneventful trade as some traders were absent due to the aftermath of snowstorm Nemo.
On the downside, the energy sector underperformed, and the SPDR Energy Select Sector ETF (XLE 78.19, -0.39) slipped 0.5%. Energy stocks spent the session near their lows despite an intraday spike in the price of crude oil. The energy component jumped to near $97.00 after comments from the president of Germany's Bundesbank resulted in dollar weakness, thus helping the dollar-denominated crude. The greenback lost ground to the euro after Mr. Weidmann said there is "no indication euro is seriously overvalued."
While energy stocks were unable to lift off their lows, the defensively-oriented utilities spent the day in a steady climb. The SPDR Utilities Select Sector ETF (XLU 36.78, +0.09) added 0.3% amid relative strength from electricity producers. Exelon (EXC 31.42, +0.34) settled higher by 1.1%.
Though utilities registered modest gains, the financial sector was the top performer. The space hovered near its highs thanks to relative strength of major components. Citigroup (C 43.15, +0.47), Wells Fargo (WFC 35.26, +0.38), and U.S. Bank (USB 34.09, +0.44) all gained in excess of 1.0%. Prior to the open, Wells Fargo and U.S. Bank were upgraded to 'Buy' at Stifel Nicolaus.
In sector news, Nasdaq (NDAQ 30.38, +0.91) rose 3.1% after reports indicated the exchange has held preliminary talks with Carlyle Group regarding a possible deal to go private. However, negotiations have stalled over a purchase price.
Looking at the S&P 500 breakdown, financials (+0.4%), utilities (+0.2%), and technology (+0.1%) saw relative strength. Meanwhile, energy (-0.6%), consumer discretionary (-0.3%), and materials (-0.2%) lagged.
Tomorrow's economic data will be limited to the January Treasury budget. This report will be released at 14:00 ET. Among notable earnings, Avon Products (AVP 17.28, +0.43) and Coca-Cola (KO 38.61, -0.16) will report their quarterly results ahead of the open.
The U.S. Treasury will auction off $32 billion in 3-yr notes.DJ30 -21.73 NASDAQ -1.87 SP500 -0.92 NASDAQ Adv/Vol/Dec 1203/1.51 bln/1254 NYSE Adv/Vol/Dec 1345/497.0 mln/1641
3:30 pm : Commodities were mixed today, while the dollar index was relatively muted. Crude oil was a real notable mover following a big rally above the $97 level.
Prior to the big rally, crude oil was just slightly lower on the session, falling as low as $94.97, but managed to hit a HoD of $97.09/barrel just a couple of minutes before the close.
Metals sold off earlier this morning as gold, silver and copper all fell to the day's session lows and only recovered a modest amount of those losses. Apr gold fell as low as $1644.10 and ended the down 1.1% at $1648.90. Mar silver hit the day's low at $30.82, ending the day 1.7% lower at $30.92. Copper lost 1.1% at $3.72/lb.DJ30 -20.06 NASDAQ -3.28 SP500 -0.83 NASDAQ Adv/Vol/Dec 1110/1296.6 mln/1337 NYSE Adv/Vol/Dec 1239/342 mln/1730
3:00 pm : Heading into the final hour of trade, equities are holding their recent levels. The major averages are seeing little change amid today's low-volume session.
Quarterly earnings will return into focus following today's close when more than 20 companies covered by Briefing.com report their results. Most notably, Time Warner Telecom (TWTC 27.49, -0.28) and Norwegian Cruise Lines (NCLH 27.57, -0.34) are scheduled to report.
The Capital IQ consensus expects Time Warner to report earnings of $0.15 on revenue of $376.25 million. Meanwhile, Norwegian Cruise Lines' first quarterly report as a public company is expected to reveal a loss of $0.03 on $502.40 million in revenue.DJ30 -34.26 NASDAQ -7.08 SP500 -2.32 NASDAQ Adv/Vol/Dec 1064/1.16 bln/1378 NYSE Adv/Vol/Dec 1166/306.9 mln/1777
2:30 pm : The afternoon session has not brought much change to the markets as the S&P 500 continues to trade lower by 0.1%. Since midday, the benchmark index has chopped around a two point range amid below-average volume.
The financial space has held its ground as the top performing sector within the S&P. Meanwhile, energy stocks have trailed behind the broader market since the open. A late morning surge sent the price of crude oil to fresh highs, but the move was not reflected in energy stocks.
Recent trade has seen a slight rise in defensive-oriented utility stocks. Electricity providers are responsible for the bulk of the move and the SPDR Utilities Select Sector ETF (XLU 36.78, +0.09) is now higher by 0.2%.DJ30 -29.43 NASDAQ -5.58 SP500 -1.76 NASDAQ Adv/Vol/Dec 1060/1.07 bln/1361 NYSE Adv/Vol/Dec 1176/283.1 mln/1760
2:00 pm : As the afternoon progresses, the S&P 500 remains confined to a narrow range. With the East Coast digging out from a major winter storm, some market participants remain away from the trading floor. Today's volume has paced below average and the afternoon total reflects the lowest volume so far this year.
Sector performance has not changed much since the opening minutes. The energy space remains as the biggest laggard while financials outperform. However, the financial sector has trimmed a portion of its gains and the SPDR Financial Select Sector ETF (XLF 17.66, +0.06) is now adding just 0.3%.DJ30 -32.54 NASDAQ -6.66 SP500 -2.35 NASDAQ Adv/Vol/Dec 1073/1.01 bln/1349 NYSE Adv/Vol/Dec 1163/265.9 mln/1766
1:30 pm : Quiet trade continues as the major averages remain in the red. The S&P 500 is off by 0.1% as the benchmark index trades near its opening levels.
The energy sector was the weakest performer at the start of the session, and has seen little change since. The space has held its ground even as a late-morning spike sent crude oil futures to their fresh intraday highs.
Meanwhile, financials remain as the best performing group. The SPDR Financial Select Sector ETF (XLF 17.68, +0.08) is adding 0.4%.DJ30 -29.32 NASDAQ -6.10 SP500 -2.05 NASDAQ Adv/Vol/Dec 1060/926.9 mln/1345 NYSE Adv/Vol/Dec 1154/246.8 mln/1760
1:00 pm : At midday, the S&P 500 is little changed as a cautious trade continues. Equities began the day amid mixed overseas trade where peripheral indices underperformed. In Spain, Prime Minister Mariano Rajoy's attempt to quell the fallout from the alleged kickback scheme has been met with public resistance. Weekend polls indicate nearly 80% of respondents are dissatisfied with the explanations provided by the Prime Minister.
Elsewhere, Italian equities sold off amid worries Silvio Berlusconi and the People of Freedom Party may be closing in on the lead ahead of the general election scheduled for February 24 and 25.
Domestically, trade has been confined to a relatively narrow range with financials in the lead, and energy as the weakest sector.
On the upside, the financial sector is hovering near its session high. The relative strength comes as Citigroup (C 43.19, +0.51), U.S. Bank (USB 34.14, +0.49), and Wells Fargo (WFC 35.28, +0.40) all trade with gains in excess of 1.0%. Earlier, Stifel Nicolaus upgraded U.S. Bank and Wells Fargo to 'Buy' from 'Hold.'
In addition, Nasdaq (NDAQ 30.46, +0.99) is rising 3.4% after reports indicated the exchange has held preliminary talks with Carlyle Group regarding a possible deal to go private. However, negotiations have stalled as the two sides have been unable to agree on a price.
Energy stocks are underperforming despite recent strength in crude oil. The energy component spiked to its session high just below $97.00 after the president of Germany's Bundesbank, Jens Weidmann, said there is "no indication euro foreign exchange is seriously overvalued." The comments were met with immediate strengthening of the euro which translated into dollar weakness. This contributed to the rise in the dollar-denominated crude oil futures which now trade near $96.75.
As the East Coast continues to dig out from winter storm Nemo, many participants remain away from the market. This is being confirmed by today's intraday floor volume which is at its lowest midday level since December 31, 2012.DJ30 -23.00 NASDAQ -4.42 SP500 -1.20 NASDAQ Adv/Vol/Dec 1073/860.9 mln/1316 NYSE Adv/Vol/Dec 1174/229.2 mln/1735
12:30 pm : Recent action has seen the major averages slide back near the middle of the day's range. The S&P 500 is off by 0.1% with the energy space remaining as the biggest laggard. The SPDR Energy Select Sector ETF (XLE 78.19, -0.39) is down 0.5% despite recent strength in crude oil.
The energy component spiked to a session high in the $97.00 area after the president of Germany's Bundesbank, Jens Weidmann, said there is "no indication euro foreign exchange is seriously overvalued." The comments were met with immediate strengthening of the euro which translated into dollar weakness. This contributed to the rise in the dollar-denominated crude oil futures.
As energy stocks underperform, the financial sector remains in the lead. The SPDR Financial Select Sector ETF (XLF 17.68, +0.08) is firmer by 0.5%.DJ30 -26.72 NASDAQ -5.46 SP500 -1.58 NASDAQ Adv/Vol/Dec 1048/777.1 mln/1331 NYSE Adv/Vol/Dec 1163/208.7 mln/1724
12:00 pm : Cautious trade continues as the major averages remain just beneath their respective unchanged levels. Though equities are trading lower, their losses have been limited in scope. The energy sector is the weakest performer, but the space is shedding just 0.4%.
While energy stocks have trailed behind the broader market for the duration of the session, financials have held near their session highs. The SPDR Financial Select Sector ETF (XLF 17.69, +0.09) is firmer by 0.5% with Citigroup (C 43.25, +0.57), U.S. Bank (USB 34.20, +0.55), and Wells Fargo (WFC 35.36, +0.47) all seeing gains over 1.0%.
Also of note, Nasdaq (NDAQ 31.00, +1.53) is jumping 5.2% after reports indicated the exchange has held serious preliminary talks with Carlyle Group regarding a possible deal to go private. However, negotiations have stalled as the two sides have been unable to agree on a price.DJ30 -19.62 NASDAQ -3.58 SP500 -0.89 NASDAQ Adv/Vol/Dec 1034/714.7 mln/1339 NYSE Adv/Vol/Dec 1141/191.5 mln/1716
11:30 am : The major averages have continued to climb off their early lows. However, the S&P 500 has been unable to break through its flat line and the index remains off by 0.1%.
Financials are the day's top performers with the SPDR Financial Select Sector ETF (XLF 17.67, +0.07) higher by 0.4%. Major sector components are registering comparable gains as Bank of America (BAC 11.87, +0.11), Citigroup (C 43.25, +0.57), and Wells Fargo (WFC 35.32, +0.44) all trade with gains in the neighborhood of 1.0%.
Elsewhere, tech stocks are displaying relative strength as Apple (AAPL 482.72, +7.74) adds 1.6%.DJ30 -20.85 NASDAQ -3.48 SP500 -0.97 NASDAQ Adv/Vol/Dec 1031/625.9 mln/1312 NYSE Adv/Vol/Dec 1131/171.3 mln/1697
11:00 am : The major averages have risen off their lows, but they continue to trade in the red. The S&P 500 is off by 0.1% as eight of ten sectors trade with losses. Energy remains as the weakest sector, down 0.5%.
On the upside, financials and technology are outperforming. Among financials, U.S. Bank (USB 34.30, +0.65), Citigroup (C 43.20, +0.52), and Wells Fargo (WFC 35.34, +0.46) are all up in excess of 1.0%. Earlier, Stifel Nicolaus upgraded U.S. Bank and Wells Fargo to 'Buy' from 'Hold.'
Elsewhere, the technology sector is receiving support from Apple (AAPL 483.77, +8.79), which trades higher by 1.8%. In addition, microprocessor manufacturers are seeing relative strength with the PHLX Semiconductor Index higher by 0.3%.
Lastly, recent trade has seen the euro spike near its highs against the dollar after president of Germany's Bundesbank, Jens Weidmann, said there is "no indication euro foreign exchange is seriously overvalued." The common currency now trades at 1.3415 against the greenback.DJ30 -18.39 NASDAQ -2.43 SP500 -0.64 NASDAQ Adv/Vol/Dec 1065/538.5 mln/1237 NYSE Adv/Vol/Dec 1149/150.8 mln/1658
10:30 am : Commodities sold off notably this morning, following headlines that Cyprus finance minister said it would not accept depositor bail-in plan (Briefing.com Note: Earlier stories suggested the EU would look to force losses on uninsured depositors in Cyrpus banks or 'bail-in'. THe report also suggests the EU would look to force losses on holders of Cypriot sovereign debt.
Following this news, most commodities, such as crude oil, gold, silver and copper all fell to new session lows. Since hitting those news lows, crude oil has erased more than half of its gains and is currently -0.3% at $95.47/barrel.
Natural gas futures have been in negative territory all morning and fell to a new session low of $3.21/MMBtu two hours ago. In current action, nat gas is -1.4% at $3.23/MMBtu.
Gold and silver remain in the red following this morning's sell-off and are just modestly above their session lows. Apr gold is now -1.0% at $1649.50/oz and Mar silver is -1.5% at $30.98/oz. Mar copper is currently -1.1% at $3.72/lb.DJ30 -35.40 NASDAQ -7.73 SP500 -2.51 NASDAQ Adv/Vol/Dec 887/407.3 mln/1387 NYSE Adv/Vol/Dec 1004/120 mln/1789
10:00 am : The key indices continue to hover near their respective lows and the S&P 500 is off by 0.2%. Though all ten S&P 500 sectors traded in the red at the outset of the session, recent trade has seen outperformance from financials. The sector is now registering slim gains as most majors outperform the broader market.
On the downside, the energy sector is shedding 0.4% as crude oil trades lower by 0.3%. The energy component currently trades near $95.40.DJ30 -40.28 NASDAQ -8.90 SP500 -2.80 NASDAQ Adv/Vol/Dec 947/208.8 mln/1205 NYSE Adv/Vol/Dec 1133/78.5 mln/1565
09:50 am : The S&P 500 is off by 0.2% as the benchmark index trades near its early lows. Currently, all ten S&P 500 sectors are trading in the red with energy and materials as the weakest performers. Meanwhile, consumer staples, industrials, and tech shares are seeing slimmer losses than the broader market.
In notable movers, Sanofi (SNY 47.92, +1.40) is rising 3.0% after the company said it plans to acquire common stock of Regeneron (REGN 165.88, +1.89). Regeneron shares are currently halted.DJ30 -41.28 NASDAQ -6.14 SP500 -2.75 NASDAQ Adv/Vol/Dec 647/159.3 mln/1169 NYSE Adv/Vol/Dec 1110/67.4 mln/1561
09:14 am : [BRIEFING.COM] S&P futures vs fair value: -0.20. Nasdaq futures vs fair value: +2.00. Heading into the open, equity futures are pointing to a slightly higher start to the session. Recent action has seen futures dip near their pre-market lows. The move coincided with slight weakness in crude oil as well as downticks across European markets where peripheral indices have underperformed for the duration of the session. Currently, Spain's IBEX is the worst performing European index, down 1.0%.
Among news-driven morning movers, Sprint Nextel (S 5.72, -0.05) is shedding 0.9% after the New York Post reported the Federal Communications Commission will move ahead with the original timetable for the Softbank-Sprint deal.
08:59 am : [BRIEFING.COM] S&P futures vs fair value: -0.90. Nasdaq futures vs fair value: +1.50. Equity futures have slipped near their pre-market lows with the S&P 500 futures now flat. The recent move towards pre-market lows coincided with crude oil slipping to its morning low of $95.01. The energy component has since reclaimed a portion of its losses, and it now trades at $95.30.
Looking at pre-market movers, Sprint Nextel (S 5.72, -0.05) is shedding 0.9% after the New York Post reported the Federal Communications Commission will move ahead with the original timetable for the Softbank-Sprint deal.
08:29 am : [BRIEFING.COM] S&P futures vs fair value: +1.20. Nasdaq futures vs fair value: +3.20.
U.S. equity futures continue to register gains with the S&P 500 futures up 0.2%.
Markets across much of Asia were closed in observance of the Lunar New Year. Data and news flow from the region were quiet as China ushers in the Year of the Snake.
In Japan, the Nikkei was closed for National Foundation Day.
Hong Kong's Hang Seng was closed for the Lunar New Year.
In China, the Shanghai Composite was closed for the Lunar New Year.
Australia's ASX slipped 0.2% with financials seeing mixed results. ANZ shed 1.2% after being downgraded at a tier 1 firm. Meanwhile, peer CBA added 0.5% ahead of its quarterly results which are scheduled to cross on Wednesday.
In India, the Sensex closed lower by 0.1% as trade slipped for a ninth straight session. Stocks sold off as Reserve Bank of India Governor Duvvuri Subbarao warned on inflation. Financials were under pressure as ICICI Bank and HDFC gave up 0.7% and 1.1% respectively. Elsewhere, Oil and Natural Gas slid 1.7% ahead of its earnings.
Core European markets are trading higher with peripheral indices underperforming. However, generally quiet trade is taking place as European leaders take part in another meeting of the Eurogroup. Looking at notable economic data, French industrial production slipped 0.1% month-over-month. The reading was slightly better than the generally expected decline of 0.2%. Elsewhere, Germany auctioned off 6-month Bubills at a yield of 0.020%. This was the first 6-month auction with a positive yield since June of last year.
In notable news, Eurogroup head Jeroen Dijsselbloem said it is the region's responsibility to assist Cyprus with a comprehensive package. In Italy, Silvio Berlusconi, whose party is just points behind the front running Democratic Party, pledged to lower spending and implement tax cuts. Meanwhile, in Spain, Prime Minister Mariano Rajoy has made public 10 years of his income and tax payment records in order to counter allegations of having received kickbacks from his party's secret slush fund dating back to 1997.
Germany's DAX is adding 0.1% with utility providers in the lead. E.ON is higher by 2.9% and RWE is rising 1.8%. On the downside, exporters are underperforming. BMW, Daimler, and Volkswagen are all down between 0.7% and 1.4%.
In the United Kingdom, the FTSE is rising 0.4% as miners outperform. Eurasian Natural Resources and Xstrata are seeing respective gains of 5.4% and 1.3%.
France's CAC is firmer by 0.6% as Sanofi leads. The drug maker is rising 4.4% after its competitor's insulin did not receive Food and Drug Admiration approval for use in the United States.
In Spain, the IBEX is lower by 0.5% with construction names underperforming.
Italy's MIB is off by 0.2%. Telecom Italia and Fiat are down 2.0% and 1.6% respectively.
08:02 am : [BRIEFING.COM] S&P futures vs fair value: +2.30. Nasdaq futures vs fair value: +4.20.
U.S. equity futures are modestly higher amid mixed overseas trade. The S&P 500 futures are currently adding 0.3%.
Looking at overseas developments:
Major Asian bourses were closed as China began welcoming the New Year while Japan celebrated its National Foundation Day. Elsewhere, Australia's ASE shed 0.2% and India's Sensex slipped 0.1%.
In regional economic data:
Australia's home loans declined 1.5% while a downtick of 0.1% was generally expected.
In news:
Chinese financial press reported the People's Bank of China is limiting bank lending with some of the largest state owned banks targeted with the new measures.
European markets are mixed. Germany's DAX is adding 0.1%, the United Kingdom's FTSE is higher by 0.4%, and France's CAC is rising 0.7%. On the periphery, Italy's MIB is shedding 0.1% and Spain's IBEX is down 0.4%.
Looking at notable economic data:
French industrial production slipped 0.1% month-over-month. The reading was slightly better than the generally expected decline of 0.2%.
Germany auctioned off 6-month Bubills at a yield of 0.020%. This was the first 6-month auction with a positive yield since June of last year.
In notable news:
Eurogroup head Jeroen Dijsselbloem said it is the region's responsibility to assist Cyprus with a comprehensive package.
Silvio Berlusconi, whose party is just points behind the front running Democratic Party, pledged to lower spending and implement tax cuts.
In Spain, Prime Minister Mariano Rajoy has made public 10 years of his income and tax payment records in order to counter allegations of having received kickbacks from his party's secret slush fund dating back to 1997.
In U.S. corporate news:
AOL (AOL 34.70, +0.98) is higher by 2.9% after Jefferies raised its target for the stock to $50 from $44.
Celgene (CELG 102.50, +2.37) is adding 2.4% after the company's experimental treatment for refractory multiple myeloma has been granted full approval for use in China.
There is no economic data scheduled to be released today.
06:28 am : [BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +3.00.
06:27 am : Nikkei...Holiday......... Hang Seng...Holiday.........
06:27 am : FTSE...6279.61...+15.70...+0.30%. DAX...7663.17...+11.00...+0.10%.
Special thanks to Bloomberg, CNNMoney, Reuters and Yahoo! Finance for their market summaries. Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/bar analysis)
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtraderhttp://www.thestrategylab.com Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.comGo Back To TheStrategyLab.com HomepageMarket Update