TheStrategyLab.com Price Action Trading Support Forum

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
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
Accolades (Testimonials): http://www.thestrategylab.com/Accolades.htm
TheStrategyLab Reviews: http://www.thestrategylab.com/thestrategylab-reviews.htm
Price Action Trading: http://www.thestrategylab.com/price-action-trading.htm
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
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Twitter @ http://twitter.com/wrbtrader (24/7)


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 @ $975.00 dollars or +19.50 points, Light Crude Oil CL ($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 @ $975.00 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=174&t=2716

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...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.


##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.

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

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).

Daily Trading Plan Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=335&t=3584 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.


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

The Market at 04:20PM ET
Dow: +118.77… | Nasdaq: -12.76… | S&P: +4.12…
NASDAQ Vol: 1.86 bln… Adv: 1216… Dec: 1408…
NYSE Vol: 854.8 mln… Adv: 1345… Dec: 1583…

Moving the Market

Heavily-weighted financial sector rallies, extends monthly gain

Boeing (BA) jumps after announcing a 20% increase in its quarterly dividend and a new $18 billion share repurchase program

Top-weighted technology sector struggles, keeps broader market's gain in check

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

04:20PM ET

[BRIEFING.COM] The U.S. equity market had another positive showing on Tuesday, with the S&P 500 and the Dow Jones Industrial Average closing at fresh record highs for the third session in a row.

Tuesday's session was, like Monday's, relatively quiet as investors continued to await the Fed's latest policy directive, which will cross the wires on Wednesday afternoon. The S&P 500 advanced 0.2% with seven of its eleven sectors finishing in positive territory. The Dow did modestly better, adding 0.5%, while the tech-heavy Nasdaq finished with a loss of 0.2%.

The heavily-weighted financial sector climbed 1.0% on Tuesday, extending its December gain to 2.5%--which is more than four times the S&P 500's month-to-date gain of 0.6%. Within the group, Dow component Goldman Sachs (GS 257.68, +7.55) was among the strongest names (+3.0%), helping the Dow Jones Industrial Average outpace its peers.

Finishing at the very top of the sector standings--just one step above the financial group--was the telecom services sector, which rallied 2.8%. Wireless giants AT&T (T 38.10, +1.20) and Verizon (VZ 53.19, +1.35) finished with respective gains of 3.3% and 2.6%. VZ shares were upgraded to 'Buy' at Nomura before the opening bell.

As for the other advancing sectors, none finished with a gain of more than 0.4%.

On the downside, the top-weighted technology sector (-0.3%) settled in negative territory, breaking a five-session winning streak. Chipmakers were particularly weak, evidenced by the 1.0% decrease in the PHLX Semiconductor Index, as was social media giant Facebook (FB 176.96, -2.08), which dropped 1.2%.

In corporate news, Dow component Boeing (BA 289.94, +6.78) announced a 20% increase in its quarterly dividend and a new $18 billion share repurchase program. The news sent the aerospace giant to a new all-time high (+2.4%) and helped fuel the Dow's relatively strong performance.

U.S. Treasuries ended the day mostly lower, but shorter-dated issues managed to eke out slim gains. The 2-yr yield slipped one basis point to 1.81%, while the benchmark 10-yr yield climbed two basis points to 2.40%. The three basis point increase in the 2yr-10yr spread helped fuel the financial sector's positive performance.

Elsewhere, equity indices in the Asia-Pacific region finished Tuesday on a lower note, with China's Shanghai Composite (-1.3%) pacing the retreat, while the Euro Stoxx 50 advanced for the third time in four sessions, adding 0.4%.

Reviewing Tuesday's economic data, which included the November Producer Price Index and the November Treasury Budget:

Producer prices rose 0.4% in November (Briefing.com consensus +0.4%), while core producer prices increased 0.3% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 3.1% and core producer prices have risen 2.4%.
The key takeaway from the PPI report is that producer prices are rising and will create some profit margin pressures if the higher prices are not passed through to consumers.
The Treasury Budget for November showed a deficit of $138.5 billion (Briefing.com consensus -$134.0 billion) versus a deficit of $136.7 billion for November 2016.
The Treasury Budget data is not seasonally adjusted, so the November deficit cannot be compared to the $63.2 billion deficit registered in October.

On Wednesday, investors will receive the weekly MBA Mortgage Applications Index at 7:00 ET and the November Consumer Price Index (Briefing.com consensus +0.4%) at 8:30 ET. The Fed will release its latest policy directive at 14:00 ET.

Dow: +118.77… | Nasdaq: -12.76… | S&P: +4.12…

NASDAQ Adv/Dec 1216/1408. …NYSE Adv/Dec 1345/1583.

03:35PM ET

[BRIEFING.COM] Commodities end the day lower :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently down 1.42% at 84.22
Dollar index is currently up 0.21% at 94.07
Jan WTI Crude is down 1.47% on the day.
API data is due out at 4:30 pm ET
Futures settle $0.85 lower to $57.14/barrel.
In other energy, Jan Natural Gas settled down $0.15 at $2.68/MMBtu
On the metals:
Feb Gold lost $4.80 to settle at $1242.10/oz, while Mar silver lost $0.12 to $15.67/oz
Mar Copper gained $0.01 to $3.02/lb
Finally, agriculture:
Mar Corn settled unchanged at $3.48/bu.
Jan Soy settled up $0.0025 at $9.7625/bu.
Mar Wheat settled up $0.01 at $4.12/bu.

Dow: +149.67… | Nasdaq: -9.67… | S&P: +7.09…

NASDAQ Adv/Dec 1304/1465. …NYSE Adv/Dec 1424/1491.

03:00PM ET

[BRIEFING.COM] With just one hour remaining, the Dow (+0.6%) and the S&P 500 (+0.3%) are on track to settle at new all-time highs for the third session in a row.

Eight sectors are trading in the green--telecom services (+2.5%), financials (+1.2%), real estate (+0.7%), health care (+0.5%), industrials (+0.3%), consumer discretionary (+0.1%), materials (+0.1%), and consumer staples (+0.1%)--while three are trading in the red--technology (-0.1%), energy (-0.1%), and utilities (-1.5%).

Looking ahead, investors will receive the November Consumer Price Index (Briefing.com consensus +0.4%) on Wednesday morning, followed by the Fed's latest policy directive, which will cross the wires in the afternoon. The Fed is widely expected to increase the fed funds target range by 25 basis points.

Dow: +156.27… | Nasdaq: -0.92… | S&P: +9.19…

NASDAQ Adv/Dec 1404/1414. …NYSE Adv/Dec 1472/1427.

02:30PM ET

[BRIEFING.COM] The Dow is up 0.6%, the S&P 500 trades higher by 0.3%, the Russell 2000 is flat, and the Nasdaq holds a loss of 0.1%.

Telecoms have really taken off today, sending the S&P 500's telecom services sector (+2.6%) to a fresh two-month high. Within the group, which only contains three components, wireless giants AT&T (T 38.00, +1.11) and Verizon (VZ 53.12, +1.28) sport respective gains of 3.0% and 2.5%, while CenturyLink (CTL 15.71, -0.16) trades lower by 1.0%.

Today's advance reduces the telecom services sector's year-to-date loss to 7.1%.

Elsewhere, U.S. Treasuries have reclaimed some of their earlier losses this afternoon, sending yields back toward their flat lines. The benchmark 10-yr yield is up one basis point at 2.40% after trading as high as 2.42%.

Dow: +149.61… | Nasdaq: -7.52… | S&P: +8.37…

NASDAQ Adv/Dec 1405/1412. …NYSE Adv/Dec 1450/1412.

02:00PM ET

[BRIEFING.COM] Equity indices continue trading mixed this afternoon.

Just in, the Treasury Budget for November showed a deficit of $138.5 billion (Briefing.com consensus -$134.0 billion) versus a deficit of $136.7 billion for November 2016. The Treasury Budget data is not seasonally adjusted, so the November deficit cannot be compared to the $63.2 billion deficit registered in October.

Dow: +144.79… | Nasdaq: -16.04… | S&P: +6.01…

NASDAQ Adv/Dec 1349/1477. …NYSE Adv/Dec 1414/1464.

01:25PM ET

[BRIEFING.COM] The major U.S. indices trade mostly higher this afternoon, with the Dow Jones Industrial Average (+0.6%) showing relative strength.

A look inside the Dow shows that Goldman Sachs (GS 256.84, +6.71), Boeing (BA 290.24, +7.08), and Verizon (VZ 53.14, +1.31) are outperforming. BA shares have jumped 2.7% after the aerospace giant announced a 20% increase in its quarterly dividend and a new $18 billion share repurchase program.

Conversely, Intel (INTC 43.42, -0.23) is the worst-performing Dow component, losing 0.6%, as chipmakers struggle in today's session.

Starting out the week in positive territory, the DJIA is now up 1.1% thus far in December.

Dow: +156.90… | Nasdaq: -3.51… | S&P: +8.52…

NASDAQ Adv/Dec 1419/1420. …NYSE Adv/Dec 1472/1393.

01:05PM ET

[BRIEFING.COM] Equities have moved modestly higher today, putting the S&P 500 and the Dow on track for their third consecutive record closes.

The price-weighted Dow is pacing today's advance, adding 0.6%, followed from a distance by the S&P 500, which is up 0.3%. The tech-heavy Nasdaq (unch) has struggled to stay above water throughout the session, while the small-cap Russell 2000 (+0.2%) trades roughly in line with the broader market.

Stocks opened Tuesday's session with modest gains and ticked up to new session highs after Senate Majority Whip John Cornyn (R-TX) said that a tentative tax reform bill may be released sometime today. However, the equity market then weakened slightly after Senator Rand Paul (R-KY) said that he will vote against any year-end budget bill that increases the national debt.

At midday, the major U.S. indices hover near the top of their trading ranges.

Nine of eleven sectors trade in the green, with the heavily-weighted financials sector (+0.9%) being among the top performers. Within the group, Dow component Goldman Sachs (GS 256.87, +6.74) shows particular strength, adding 2.7%, which has helped the Dow keep ahead of the other major averages.

The lightly-weighted telecom services group (+2.1%) trades at the very top of the sector standing, with Verizon (VZ 53.06, +1.22) leading the charge. The wireless giant is trading higher by 2.4% and is on track for its third consecutive advance after Nomura upgraded VZ shares to 'Buy' this morning.

On the downside, the utilities group (-1.1%) has struggled today, extending its month-to-date loss to 1.9%. Energy provider Edison (EIX 68.02, -4.96) is the weakest performer, losing 6.8%, as wildfires in Southern California continue to disrupt service to its customers; EIX shares have dropped 15.3% since last Monday.

In corporate news, Boeing (BA 291.39, +8.23) has climbed 2.9% after announcing a 20% increase in its quarterly dividend and a new $18 billion share repurchase program. The aerospace giant is the most influential component within the Dow Jones Industrial Average, helping to explain the Dow's upbeat performance today.

U.S. Treasuries have sold off today, pushing yields higher across the curve; the yield on the benchmark 10-yr Treasury note is up three basis points at 2.42%, while the 2-yr yield trades higher by two basis points at 1.84%.

Elsewhere, equity indices in the Asia-Pacific region ended Tuesday on a lower note, with China's Shanghai Composite (-1.3%) leading the retreat, while the Euro Stoxx 50 finished with a gain of 0.4%.

Reviewing today's economic data, which has been limited to the November Producer Price Index thus far:

Producer prices rose 0.4% in November (Briefing.com consensus +0.4%), while core producer prices increased 0.3% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 3.1% and core producer prices have risen 2.4%.
The key takeaway from the PPI report is that producer prices are rising and will create some profit margin pressures if the higher prices are not passed through to consumers.

Today's last economic report--the November Treasury Budget (Briefing.com consensus -$134.0 billion)--will be released at 14:00 ET.

Dow: +152.81… | Nasdaq: -1.71… | S&P: +8.01…

NASDAQ Adv/Dec 1481/1361. …NYSE Adv/Dec 1485/1362.

12:30PM ET

[BRIEFING.COM] The major indices begin the afternoon session at their best marks of the day. The Dow continues to lead, sporting a gain of 0.6%.

European equities finished Tuesday in the green, with the Euro Stoxx 50 adding 0.4%. France's CAC led the charge, climbing 0.8%, as the euro lost ground against the U.S. dollar. The single currency is currently down 0.4% against the greenback at 1.1721, which marks a four-week low.

In Washington, Senate Majority Whip John Cornyn (R-TX) said that a tentative tax reform bill may be released sometime today.

Dow: +141.95… | Nasdaq: +2.19… | S&P: +7.75…

NASDAQ Adv/Dec 1501/1335. …NYSE Adv/Dec 1465/1382.

12:00PM ET

[BRIEFING.COM] Equity indices are trading near their best marks of the day; the S&P 500 is up 0.3%.

The utilities sector (-0.9%) is the only group trading in the red going into the afternoon. Within the space, energy provider Edison (EIX 68.41, -4.56) is the weakest performer, losing 6.2%, as wildfires in Southern California continue to disrupt service to its customers. Including today's decline, EIX shares have dropped 14.8% since last Monday.

Meanwhile, West Texas Intermediate crude futures have retraced their early gains and now trade lower by 1.1% at $57.36 per barrel. The commodity was up 0.7% in early trading following news that the Forties Pipeline System, which carries around 445,000 barrels of crude oil a day, will be shut down for several weeks due to a widening crack.

The energy sector hovers behind the broader market with a slim gain of 0.1%.

Dow: +132.25… | Nasdaq: +6.56… | S&P: +7.65…

NASDAQ Adv/Dec 1555/1280. …NYSE Adv/Dec 1521/1307.

11:30AM ET

[BRIEFING.COM] The tech-heavy Nasdaq (+0.1%) has been ticking higher as of late, hitting positive territory for the first time today.

Technology stocks began today's session on the back foot after leading yesterday's rally, but have since reclaimed their early declines; the S&P 500's technology sector trades flat after holding a loss of 0.5% at its session low. Chipmakers are still weak, however, evidenced by the PHLX Semiconductor Index, which is down 0.6%.

Meanwhile, U.S. Treasuries have slipped a bit this morning, pushing yields higher across the curve. The yield on the benchmark 10-yr Treasury note is up two basis points at 2.41%, while the 2-yr yield is also up two basis points, hovering at 1.84%.

Dow: +131.48… | Nasdaq: +8.66… | S&P: +7.43…

NASDAQ Adv/Dec 1626/1200. …NYSE Adv/Dec 1583/1230.

10:55AM ET

[BRIEFING.COM] The major indices continue to trade near their opening marks, with the S&P 500 sporting a gain of 0.2%.

Nine sectors are trading in the green this morning--telecom services (+1.4%), financials (+0.4%), industrials (+0.3%), real estate (+0.3%), consumer discretionary (+0.2%), energy (+0.2%), health care (+0.2%), consumer staples (+0.2%), and materials (+0.1%)--while two are trading in the red--technology (-0.2%) and utilities (-0.8%).

Within the telecom services group, which is trading comfortably ahead of its peers, wireless giant Verizon (VZ 52.94, +1.10) is up 2.1% after Nomura upgraded the company's shares to 'Buy' earlier this morning. A win today would mark the third in a row for Verizon.

Dow: +109.74… | Nasdaq: -1.83… | S&P: +4.32…

NASDAQ Adv/Dec 1612/1178. …NYSE Adv/Dec 1556/1212.

10:30AM ET

[BRIEFING.COM] Commodities begin the day flat :

Overall, commodities, as measured by the Bloomberg Commodity Index, are currently unchanged 0% at 84.22
Dollar index is currently up 0.23% at 94.09
Jan WTI crude is down 0.48% on the day.
API inventory data to be released at 4:30 pm ET
Futures are $0.28 lower to $57.71/barrel.
In other energy, Jan natural gas is down $0.09 at $2.74/MMBtu
Metals:
Feb gold lost $5.80 and trades at $1241.10/oz, while Mar silver lost $0.08 to $15.71/oz
Mar copper gained 0.01 to $3.02/lb
Finally, agriculture:
Mar corn is unchanged at $3.49/bu.
Jan soy is down $0.05 at $9.7825/bu.
Mar wheat is down $0.02 at $4.12/bu.

Dow: +103.9… | Nasdaq: -5.47… | S&P: +3.7…

NASDAQ Adv/Dec 1567/1210. …NYSE Adv/Dec 1497/1231.

09:55AM ET

[BRIEFING.COM] The S&P 500 trades a tick above its flat line, while the Dow (+0.4%) shows relative strength and the Nasdaq (-0.1%) shows relative weakness.

Financials are strong this morning, extending monthly gains, with Goldman Sachs (GS 252.39, +2.32) leading the charge; GS shares are higher by 0.9%. The S&P 500's financial sector is up 0.4% and now holds a month-to-date gain of 1.9%. For comparison, the S&P 500 has added 0.5% in December.

Conversely, the technology sector, which is the only group heavier than financials, is down 0.2%. Within the space, chipmakers show particular weakness, evidenced by the 0.9% decrease in the PHLX Semiconductor Index, while Apple (AAPL 171.97, -0.68) and Facebook (FB 178.36, -0.68) show losses of 0.4% apiece.

Dow: +76.34… | Nasdaq: -8.28… | S&P: +0.23…

NASDAQ Adv/Dec 1496/1219. …NYSE Adv/Dec 1336/1295.

09:40AM ET

[BRIEFING.COM] The major U.S. indices are mostly flat in the opening minutes of today's session, with the Dow (+0.3%) showing relative strength.

Within the price-weighted Dow, Boeing (BA 289.95, +6.79) is outperforming, up 2.6%, after announcing a 20% increase in its quarterly dividend and a new $18 billion share repurchase program. The S&P 500's industrial sector, which houses Boeing, sports a gain of 0.3%.

Most sectors are trading in the green this morning, with the lightly-weighted telecom services space (+1.1%) showing particular strength. On the downside, the top-weighted technology sector trades lower by 0.5%, giving back a sizable chunk of yesterday's advance.

Dow: +104.97… | Nasdaq: -9.58… | S&P: -1.16…

NASDAQ Adv/Dec 1653/1011. …NYSE Adv/Dec 1563/1023.

09:13AM ET

[BRIEFING.COM] S&P futures vs fair value: +3.90. Nasdaq futures vs fair value: -1.40.

U.S. equities are on track to open today's session slightly higher as the S&P 500 futures are trading four points, or 0.2%, above fair value.

The Producer Price Index for November crossed the wires earlier this morning, showing a month-over-month increase of 0.4%, as expected. The core Producer Price Index, which excludes the volatile categories of food and energy, increased 0.3% in November, which is slightly more than the Briefing.com consensus estimate of 0.2%.

U.S. Treasuries had a mostly muted response to the release. The yield on the 2-yr Treasury note is up two basis points at 1.84%, while the benchmark 10-yr yield is unchanged at 2.39%. Yields move inversely to prices.

Today's last economic report--the November Treasury Budget (Briefing.com consensus -$134.0 billion)--will be released at 14:00 ET.

In corporate news, Dow component Boeing (BA 289.00, +5.84) has added 2.1% in pre-market trading after raising its quarterly dividend by 20% to $1.71 per share and replacing its existing share repurchase program with a new $18 billion authorization.

Meanwhile, West Texas Intermediate crude futures are up 0.6% at $58.31 per barrel, closing in on the two-year high they touched back in November. Prices have been supported by news that the Forties Pipeline System, which carries around 445,000 barrels of crude oil a day, will be shut down for several weeks due to a widening crack.

The Federal Open Market Committee will kick off a two-day policy meeting this morning, but its latest policy directive won't be released until tomorrow afternoon. The Fed is expected to increase the fed funds target range by 25 basis points and will release its forecast for upcoming rate hikes via its so-called "dot plot."

08:53AM ET

[BRIEFING.COM] S&P futures vs fair value: +2.90. Nasdaq futures vs fair value: -2.40.

The S&P 500 futures are trading three points, or 0.1%, above fair value.

Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note with markets in China leading the region lower. However, overall action was somewhat restrained, considering the rest of the week will include rate decisions from major central banks like the Federal Reserve, European Central Bank, Bank of England, and Swiss National Bank. China Securities Journal noted that Chinese monetary policy is expected to be neutral with a tight bias, adding that rates may increase next year. South Korea's Financial Services Commission Chair Choi JongKu said that South Korea will not allow cryptocurrency futures trading and that measures are being considered to curb speculation.

In economic data:
Japan's November PPI +0.4% month-over-month (expected 0.2%; last 0.3%); +3.5% year-over-year (consensus 3.3%; last 3.4%). Tertiary Industry Activity Index +0.3% month-over-month (expected 0.2%; last -0.2%)
South Korea's November Import Price Index +3.9% year-over-year (last 6.8%) and Export Price Index +2.3% year-over-year (last 8.1%)
Australia's Q3 House Price Index -0.2% quarter-over-quarter (expected 0.6%; last 1.9%). November NAB Business Confidence 6 (last 9) and November NAB Business Survey 12 (last 21)
Singapore's October Retail Sales +1.5% month-over-month (last -4.2%); -0.1% year-over-year (last -0.6%)

---Equity Markets---

Japan's Nikkei lost 0.3%. Showa Denko, Advantest, Konami, Japan Steel Works, Dainippon Screen Manufacturing, Kikkoman, KDDI, Suzuki Motor, TDK, and Olympus posted losses between 1.2% and 2.6%.
Hong Kong's Hang Seng fell 0.6%. Sunny Optical Tech, AAC Technologies, Geely Automobile, Tencent Holdings, and Galaxy Entertainment posted losses between 1.7% and 7.4%. Financials like Ping An Insurance, Bank of China, Hang Seng Bank, and China Construction Bank lost between 0.9% and 3.2%.
China's Shanghai Composite surrendered 1.3%. Tongwei, Harbin Air Conditioning, Aerospace Communications Holdings, Datang Telecom Technology, Sichuan Langsha Holding, and Hubei Wuchangyu fell between 3.6% and 4.9%.
India's Sensex ended lower by 0.7%. Coal India, Cipla, Hero MotoCorp, Larsen & Toubro, and Sun Pharma slid between 1.5% and 2.5%. Tech consultants were mixed as Tata Consultancy and Wipro lost 1.6% and 0.7%, respectively, while Infosys gained 0.8%.

Major European indices trade just above their flat lines while Spain's IBEX (-0.4%) underperforms. The latest inflation figures from the UK showed the highest year-over-year CPI (+3.1%) reading in more than five years. Meanwhile, British Trade Secretary Liam Fox said the UK would like to maintain a trade relationship with the European Union that is similar to the current one. EU's chief Brexit negotiator Michel Barnier said the best the UK can hope for is an agreement like the one that Canada has. In Germany, ZEW economists noted that the struggle to form a government has not had much impact on business expectations.

In economic data:
Eurozone ZEW Economic Sentiment 29.0 (expected 30.2; last 30.9)
Germany's December ZEW Current Conditions 89.3 (expected 88.5; last 88.8) and ZEW Economic Sentiment 17.4 (expected 18.0; last 18.7)
UK's November CPI +0.3% month-over-month (expected 0.2%; last 0.1%); +3.1% year-over-year (consensus 3.0%; last 3.0%). November core CPI +2.7% year-over-year, as expected (last 2.7%). November Input PPI +7.3% year-over-year (consensus 6.8%; last 4.8%) and November Output PPI +3.0% year-over-year, as expected (last 2.8%). November RPI +0.2% month-over-month (expected 0.3%; last 0.1%); +3.9% year-over-year (consensus 4.1%; last 4.0%). House Price Index +4.5% year-over-year (consensus 5.2%; last 4.8%)
France's Q3 Nonfarm Payrolls +0.2% quarter-over-quarter, as expected (last 0.2%)

---Equity Markets---

France's CAC trades up 0.6%. Atos has spiked 6.3% after agreeing to acquire Gemalto for EUR4.30 billion. TechnipFMC and Total hold respective gains of 3.0% and 1.7% while financials are also higher. AXA and Societe Generale are up 0.8% and 0.5%, respectively, while BNP Paribas and Credit Agricole hold respective gains of 0.3% and 0.1%.
UK's FTSE is higher by 0.3%. Energy-related names like BP and Royal Dutch Shell are both up near 1.3% while drugmakers Shire, AstraZeneca, Hikma Pharmaceuticals, and GlaxoSmithKline show gains between 0.8% and 2.6%.
Germany's DAX has added 0.2%. Countercyclical names are among the leaders with RWE, Fresenius, Merck, Bayer, and E.On rising between 0.7% and 2.4%. Automakers are mixed as Daimler adds 0.4% while BMW and Volkswagen are down 0.3% and 0.7%, respectively. Lufthansa is the weakest performer, falling 1.4%.
Spain's IBEX has shed 0.4%. Telefonica, Gamesa, Mediaset, Bankia, Caixabank, Ferroval, Bankinter, and Banco Sabadell hold losses between 0.2% and 2.7%.

08:32AM ET

[BRIEFING.COM] S&P futures vs fair value: +3.30. Nasdaq futures vs fair value: -0.10.

The S&P 500 futures are trading three points, or 0.1%, above fair value.

Just in, producer prices rose 0.4% in November (Briefing.com consensus +0.4%), while core producer prices increased 0.3% (Briefing.com consensus +0.2%). Year-over-year, producer prices are up 3.1% and core producer prices have risen 2.4%.

07:58AM ET

[BRIEFING.COM] S&P futures vs fair value: +4.30. Nasdaq futures vs fair value: +2.90.

Equity futures are pointing towards a modestly higher open for the U.S. equity market, which kicked off the week yesterday on a positive note. The S&P 500 finished Monday's session at a new all-time high, as did the Dow Jones Industrial Average, and the S&P 500 futures are currently trading four points, or 0.2%, above fair value.

The Federal Open Market Committee will begin a two-day policy meeting this morning, with its latest policy directive scheduled to cross the wires tomorrow afternoon. The FOMC is widely expected to increase the fed funds target range by 25 basis points and will provide investors with its forecast for upcoming rate hikes via its so-called "dot plot."

Today's economic calendar is limited to the November Producer Price Index (Briefing.com consensus +0.4%) and the November Treasury Budget (Briefing.com consensus -$134.0 billion), which will be released at 8:30 ET and 14:00 ET, respectively.

U.S. Treasuries are trading roughly flat this morning, with the benchmark 10-yr yield unchanged at 2.39%.

Meanwhile, West Texas Intermediate crude futures are up 0.8% at $58.43 per barrel, closing in on the two-year high they touched back in November. Prices have been supported by news that the Forties Pipeline System, which carries around 445,000 barrels of crude oil a day, will be shut down for several weeks due to a widening crack.

Elsewhere, equity indices in the Asia-Pacific region ended Tuesday on a lower note, with China's Shanghai Composite (-1.3%) leading the retreat, while the Euro Stoxx 50 currently holds a modest gain of 0.3%.

In U.S. corporate news:

Boeing (BA 287.50, +4.34): +1.5% after raising its quarterly dividend by 20% to $1.71 per share and replacing its existing share repurchase program with a new $18 billion authorization.
3M (MMM 241.55, +2.25): +0.9% after reaffirming its guidance for fiscal year 2017 and raising its earnings guidance for fiscal year 2018.
Activision Blizzard (ATVI 64.73, +1.56): +2.5% after Goldman upgraded shares to 'Buy' from 'Neutral.'

Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note with markets in China leading the region lower. Japan's Nikkei -0.3%, Hong Kong's Hang Seng -0.6%, China's Shanghai Composite -1.3%, India's Sensex -0.7%.
In economic data:
Japan's November PPI +0.4% month-over-month (expected 0.2%; last 0.3%); +3.5% year-over-year (consensus 3.3%; last 3.4%). Tertiary Industry Activity Index +0.3% month-over-month (expected 0.2%; last -0.2%)
South Korea's November Import Price Index +3.9% year-over-year (last 6.8%) and Export Price Index +2.3% year-over-year (last 8.1%)
Australia's Q3 House Price Index -0.2% quarter-over-quarter (expected 0.6%; last 1.9%). November NAB Business Confidence 6 (last 9) and November NAB Business Survey 12 (last 21)
Singapore's October Retail Sales +1.5% month-over-month (last -4.2%); -0.1% year-over-year (last -0.6%)
In news:
Overall action was somewhat restrained, considering the rest of the week will include rate decisions from major central banks like the Federal Reserve, European Central Bank, Bank of England, and Swiss National Bank.
China Securities Journal noted that Chinese monetary policy is expected to be neutral with a tight bias, adding that rates may increase next year.
South Korea's Financial Services Commission Chair Choi JongKu said that South Korea will not allow cryptocurrency futures trading and that measures are being considered to curb speculation.

Major European indices trade just above their flat lines while Spain's IBEX (-0.3%) underperforms. France's CAC +0.4%, UK's FTSE +0.3%, Germany's DAX +0.2%.
In economic data:
Eurozone ZEW Economic Sentiment 29.0 (expected 30.2; last 30.9)
Germany's December ZEW Current Conditions 89.3 (expected 88.5; last 88.8) and ZEW Economic Sentiment 17.4 (expected 18.0; last 18.7)
UK's November CPI +0.3% month-over-month (expected 0.2%; last 0.1%); +3.1% year-over-year (consensus 3.0%; last 3.0%). November core CPI +2.7% year-over-year, as expected (last 2.7%). November Input PPI +7.3% year-over-year (consensus 6.8%; last 4.8%) and November Output PPI +3.0% year-over-year, as expected (last 2.8%). November RPI +0.2% month-over-month (expected 0.3%; last 0.1%); +3.9% year-over-year (consensus 4.1%; last 4.0%). House Price Index +4.5% year-over-year (consensus 5.2%; last 4.8%)
France's Q3 Nonfarm Payrolls +0.2% quarter-over-quarter, as expected (last 0.2%)
In news:
The latest inflation figures from the UK showed the highest year-over-year CPI (+3.1%) reading in more than five years.
British Trade Secretary Liam Fox said the UK would like to maintain a trade relationship with the European Union that is similar to the current one. EU's chief Brexit negotiator Michel Barnier said the best the UK can hope for is an agreement like the one that Canada has.
In Germany, ZEW economists noted that the struggle to form a government has not had much impact on business expectations.

05:58AM ET

[BRIEFING.COM] S&P futures vs fair value: +1.50. Nasdaq futures vs fair value: -0.40.
05:58AM ET

[BRIEFING.COM] Nikkei...22866...-72.60...-0.30%

Hang Seng...28794...-171.40...-0.60%

05:58AM ET

[BRIEFING.COM] FTSE...7473.47...+20.00...+0.30%

DAX...13120.02...-3.60...0.00%

04:20PM ET

[BRIEFING.COM] Equities quietly climbed to new all-time highs on Monday, with technology and energy shares pacing the advance.

The Dow and the S&P 500 added 0.2% and 0.3%, respectively, to finish at new record highs for the second session in a row. The tech-heavy Nasdaq did not rewrite its record mark, but it did outpace its peers with a gain of 0.5%. Conversely, the small-cap Russell 2000 underperformed, losing 0.1%.

Headlines were few and far between on Monday following a quiet weekend and ahead of a handful of central bank policy meetings. The Fed is expected to raise the fed funds target range by 25 basis points on Wednesday, while the European Central Bank and the Bank of England, both of which meet on Thursday, are expected to leave their key policy rates unchanged.

Tax reform remained on investors' minds, even though there weren't any new developments of note. Republicans hope to send a finalized bill to the White House before December 22.

The top-weighted technology sector, which comprises nearly a quarter of the broader market, was among the top-performing groups on Monday, settling with a gain of 0.8%. Apple (AAPL 172.67, +3.30) and Microsoft (MSFT 85.23, +1.07) were big contributors, adding 2.0% and 1.3%, respectively.

Energy shares also outperformed, underpinned by an increase in the price of crude oil; West Texas Intermediate crude futures climbed 1.1% to $57.98 per barrel. The energy sector jumped 0.7%, with Dow components Chevron (CVX 120.42, +0.50) and Exxon Mobil (XOM 83.03, +0.37) adding 0.4% and 0.5%, respectively.

It's also worth pointing out that telecoms rallied on Monday, thanks in large part to CenturyLink (CTL 15.87, +1.20), which jumped 8.2% after numerous insiders, including CEO Glen Post, bought a total of 188,500 shares last week.

On the downside, the financials and industrials sectors finished at the bottom of the sector standings, losing 0.2% apiece. Within the financial group, lenders suffered at the hand of another curve-flattening trade in the U.S. Treasury market, which cut the 2yr-10yr spread by two basis points.

The yield on the benchmark 10-yr Treasury note finished flat at 2.39%, while the 2-yr yield climbed two basis points to 1.82%.

Elsewhere, equity indices in the Asia-Pacific region advanced on Monday, with Hong Kong's Hang Seng (+1.1%) leading the charge, while the major European bourses finished mixed. The UK's FTSE showed relative strength, adding 0.8%, while France's CAC and Germany's DAX lost 0.2% apiece.

Also of note, the CBOE launched bitcoin futures trading on Sunday evening. The one-month futures contract was trading at around $18,600 at the stock market's closing bell.

Reviewing Monday's economic data, which was limited to the October Job Openings and Labor Turnover Survey:

The October Job Openings and Labor Turnover Survey showed that job openings decreased to 6.0 million from a revised 6.18 million (from 6.09 million) in September.

On Tuesday, investors will receive two economic reports--the November Producer Price Index (Briefing.com consensus +0.4%) and the November Treasury Budget (Briefing.com consensus -$134.0 billion)--which will be released at 8:30 ET and 14:00 ET, respectively.

Nasdaq Composite +27.7% YTD
Dow Jones Industrial Average +23.4% YTD
S&P 500 +18.8% YTD
Russell 2000 +12.0% YTD

Dow: +56.87… | Nasdaq: +35.00… | S&P: +8.49…

NASDAQ Adv/Dec 1178/1536. …NYSE Adv/Dec 1594/1340.

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.

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Best Regards,
M.A. Perry
Online user name wrbtrader (more info about me) @ http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading
Trader and Founder of WRB Analysis (wide range body/bar analysis)
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