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: +11.40 points or $1140 dollars in the ICE Russell 2000 Emini TF ($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=678

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.

CNNMoney.com - Stocks Close Out Worst Week In 3 Months

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By Hibah Yousuf, staff reporter
November 12, 2010: 4:27 PM ET

NEW YORK (CNNMoney.com) -- A sell-off in U.S. stocks picked up steam Friday afternoon, following a volatile trading session in Asian markets that ended with the Shanghai Composite down more than 5%.

The Dow Jones industrial average (INDU) fell 91 points, or 0.8%, with 26 of the 30 blue chip index's components ending in the red. Boeing (BA, Fortune 500) and Alcoa (AA, Fortune 500) were the biggest laggards.

The S&P 500 (SPX) lost 14 points, or 1.2%, and the tech-heavy Nasdaq (COMP) decreased 37 points, or 1.5%.

The steep slide came at the end of a mostly down week, with the Dow and the S&P posting losses for four out of the last five days. All three major indexes logged their biggest weekly drops in three months: the Dow and the S&P fell 2.2%, while the Nasdaq sank 2.4%.

"Good news is in short supply this afternoon," said Kim Caughey, senior equity analyst at Fort Pitt Capital Group. "The news coming out of the G20 and China as well sovereign debt issues in Europe that seem to have bottled up have caught investors' eyes."

G-20 leaders finished up their meeting in Seoul, South Korea, without any comprehensive plan to combat global economic woes. But they did agree to address "persistently large imbalances" next year.

Worries about the global economy are also rearing their ugly head: Concerns about a Europeans sovereign debt crisis, potential tightening of China's monetary policy, and tepid U.S. growth.

Global economic concerns had taken a backseat recently as investors focused on the midterm elections, corporate earnings season and the Fed's quantitative easing announcement.

Now that those events have played out, traders have refocused their attention, said Karl Mills, president and chief investment officer at Jurika Mills & Keifer.

* It's the global economy, stupid.

"The market became too complacent about sovereign debt issues and now we're being reminded of that again, with Ireland being the biggest problem child," Mills added.

World markets: Asian markets ended the session decidedly lower, as investors fear future interest rate hikes in China. The Shanghai Composite plunged 5.2%, the Hang Seng in Hong Kong dropped 1.9% and Japan's Nikkei ticked down 1.4%.

"China clearly signaled the potential for tightening by raising the [banking] reserve requirements earlier in the week," said Philip Isherwood, equities strategist at Evolution Securities.

Interest rate hikes are expected due to rising inflation, Isherwood said. Led by food prices, the Chinese consumer price index has been on the rise in recent months.

"Where there is excess growth, there are fears of excess inflation," Isherwood said.

European stocks ended mixed, amid worries of the eurozone's fiscal crisis. Britain's FTSE 100 edged lower by 0.3%, while the DAX in Germany edged up 0.2%. France's CAC 40 declined 0.9%.

Economy: The University of Michigan Index of consumer sentiment for early November rose to 69.3 from 67.7. Economists were expecting the reading to rise slightly to 69.0.

* Video: BullHorn: Cisco being nibbled away?

Companies: Before the opening bell, retailer JC Penney (JCP, Fortune 500) reported third-quarter earnings of 19 cents per share on $44 million in net income, topping analyst expectations.

The jump in net income represents a 63% increase year-over-year for the company. JC Penney said it expects strong sales heading into the crucial holiday shopping season. Shares of JC Penney fell 3.4%.

Walt Disney Company's (DIS, Fortune 500) results were unexpectedly released about 30 minutes before the market closed Thursday. The company said profits fell in the third quarter, missing analysts estimates. Shares rose 5.1%.

Northrop Grumman (NOC, Fortune 500) said early Friday that it would reduce its workforce by 380 salaried employees at its Newport News, Va., shipbuilding facility. The reductions are effective immediately. The stock slipped 1.8%.

Shares of Intel (INTC, Fortune 500) rose 1.5% after the chipmaker said it is increasing its quarterly cash dividend 15% to 18 cents per share, which will be paid during the first quarter of 2011.

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

Currency has been a hot topic for the G-20 summit, and the leaders declared at the close of the meeting an effort to "refrain from competitive devaluation of currencies." An issue both former chairman of the Fed Alan Greenspan and U.S. Treasury Secretary Timothy Geithner don't see eye-to-eye on.

Oil for December delivery slipped $2.93 to settle at $84.88 a barrel.

Gold futures for December delivery fell $37.80 to finish at $1,365.50 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury dropped, pushing the yield up to 2.79%. The Treasury market was closed Thursday for the Veteran's Day holiday.



Yahoo! Finance - Market Update

4:20 pm : Friday brought stocks their worst loss in three weeks. That locked in place the stock market's worst weekly performance since August.

Stocks started the session in the red in response to speculation that China might raise interest rates in an effort to fend off inflation. The fear that higher rates could temper growth prompted a 5.2% drop in the Shanghai Composite. Ongoing concerns about eurozone sovereign debt was also a part of the early backdrop, though there was chatter that aid may be in store for Ireland.

All early efforts by stocks to trim losses were cut short. That fueled selling, such that the broader market fell through preliminary support levels. Stocks struggled to work their way up from session lows. That left the S&P 500 to settle below the 1200 line with a 1.2% loss for the day and a 2.2% loss for the week.

With participants inclined to exit positions the dollar's first decline in six sessions was generally disregarded. The dollar attempted to pare its loss, but settled 0.2% lower for the day.

The preliminary Consumer Sentiment Survey for November from the University of Michigan was also shrugged off. It came in at 69.3, which is slightly above the 69.0 that had been expected among economists polled by Briefing.com and up from the 67.7 that was recorded in October.

While each of the 10 major sectors finished lower, materials stocks were hit the hardest. The sector outperformed in the prior session, but was dropped for a 2.2% loss this time around.

Weakness among basic materials plays was exacerbated by heavy selling among commodities. Collective weakness among commodities dropped the CRB Commodity Index for a 3.6% loss. That marked its worst single-session slide in more than a year. The dramatic pullback marks the third straight loss for the CRB after it set a two-year high earlier this week.

Some 90% of the S&P 500 settled in the red, but NVIDIA (NVDA 13.26, +0.65) was one of the few advancers, thanks to a better-than-expected earnings report. Intel (INTC 21.53, +0.32) also staged a gain after it announced a 15% hike to its quarterly dividend. Even Disney (DIS 37.75, +1.82) escaped the selloff with a rebound that actually followed an earnings late in the prior session. That bounce took shares of DIS to their best level in a decade.

Treasuries moved in mixed fashion as the 10-year Note fell more than a point and the 30-year Bond dropped almost a full point. Their yields were quoted at 2.79% and 4.28%, respectively, at the close. Treasuries showed no real movement to the Fed's open market operations to purchase $7.2 billion worth of Notes with maturities from 2014 to 2016.

Advancing Sectors: (None)
Declining Sectors: Materials (-2.2%), Financials (-1.5%), Tech (-1.4%), Energy (-1.4%), Industrials (-1.1%), Health Care (-1.1%), Consumer Discretionary (-1.0%), Telecom (-0.9%), Utilities (-0.8%), Consumer Staples (-0.3%)DJ30 -90.52 NASDAQ -37.31 NQ100 -1.6% R2K -1.7% SP400 -1.5% SP500 -14.33 NASDAQ Adv/Vol/Dec 508/2.19 bln/2138 NYSE Adv/Vol/Dec 515/1.01 bln/2471

3:30 pm : Commodities were weaker across the board today on fears that the Chinese government would move to further limit its economic expansion. Grains (-5%), soft commodities (-4.5%), and precious metals (-3.9%) were the largest declining sectors. March sugar futures shed 11.6% to close at $0.2621. The selloff marks sugar's largest drop since 2002, and brought its two-day sell off total to over 21%. A few factors influenced trade today, including: the broad based sell off in the commodities sector; yesterday news that there may be a large-than-expected surplus in India's sugar crop; new margin requirements that were implemented today (instead of the announced date of 11/15); and finally news that the EU plans to boost sugar experts and also lift import duties.

Dec gold finished down 2.6% to $1365.50 per ounce, while Dec silver shed 5.2% to end at $25.99 per ounce, as both metals closed near their lows. While the dollar did recoup most of its losses, that coupling with precious metals took a break for the second consecutive session.

Dec crude oil settled lower by 3.3% to $84.88 per barrel, its worst levels since Sept 3. Concerns about tightening in China, and weakness in equities helped crude oil sell off the most in three weeks. Dec natural gas ended lower by 2.8% to $3.81 per MMBtu, extending its sell off to a third consecutive session. DJ30 -105.58 NASDAQ -34.95 SP500 -15.46 NASDAQ Adv/Vol/Dec 595/1.8 bln/2030 NYSE Adv/Vol/Dec 526/724.6 mln/2435

3:00 pm : The stock market has worked its way up to its best level in about three hours, but that is not saying too much since the S&P 500 is now up just four points from its session low and is still down more than 1% for the session. With only an hour left in today's trade, the S&P 500 is facing a weekly loss of 2.2%, its worst weekly performance in three months. DJ30 -94.68 NASDAQ -34.18 SP500 -14.61 NASDAQ Adv/Vol/Dec 564/1.67 bln/2044 NYSE Adv/Vol/Dec 526/660 mln/2423

2:30 pm : Stocks have been unable to attract any new support in recent trade. That has left the three major equity averages mired at session lows. Such steady pressure combined with the three other losses already recorded this week has stocks on pace for their worst weekly performance of the past three months. Despite such a poor performance this week, the stock market is still up 7% for the year. DJ30 -116.44 NASDAQ -39.33 SP500 -17.52 NASDAQ Adv/Vol/Dec 533/1.56 bln/2073 NYSE Adv/Vol/Dec 456/615 mln/2475

2:00 pm : About 92% of the issues in the S&P 500 are in the red. Disney (DIS 37.79, +1.86) is among the advancers as it rebounds from a sharp loss in the prior session, when it released a disappointing earnings report about an hour before the close. The rebound has actually taken shares of DIS to their best level in a decade. At its current price the stock trades with a price-to-trailing earnings multiple of 18.3, which is above its five-year weekly average of 16.9 but below its 10-year monthly average of 23.1.DJ30 -116.63 NASDAQ -41.25 SP500 -17.54 NASDAQ Adv/Vol/Dec 517/1.44 bln/2082 NYSE Adv/Vol/Dec 445/566 mln/2484

1:30 pm : The stock market is stuck at its session low, near the 1195 line. At its current level, the S&P 500 is on pace for its worst single-session loss in more than three weeks and its worst weekly performance since mid-August.

Stocks remain in rough shape, but commodities are even worse off. Their collective weakness has the CRB Commodity Index down 3.5% in its worst drop of the year. In the minutes leading up to precious metals' pit trade close, silver was quoted with a 5.0% loss at $26.04 per ounce and gold was last priced 2.8% lower at $1364.50 per ounce. DJ30 -119.20 NASDAQ -41.56 SP500 -17.77 NASDAQ Adv/Vol/Dec 533/1.34 bln/2046 NYSE Adv/Vol/Dec 465/528 mln/2457

1:00 pm : Sharp selling in the wake of big losses abroad and ongoing sovereign debt concerns has stocks under heavy pressure and on pace for their worst week in about three months.

The Shanghai Composite plunged more than 5% overnight as investors exited their positions en masse amid the belief that China's central bank may have to raise rates in order to fend off inflation. Europe's major bourses initially opened lower in sympathy, but they were able to improve their position as speculation about aid for Ireland helped quell some concern about the country's debt. Concerns still linger for the other fiscally challenged eurozone nations, though.

U.S. stocks attempted to trim their own early losses, but the lack of follow through left stocks to rollover. Selling became so aggressive that stocks pushed through initial support levels. They remain near session lows. It hasn't helped that the dollar has undone its loss so that it is now flat against competing currencies.

Despite the decidedly negative tone to today's trade, NVIDIA (NVDA 13.23, +0.62) has managed to push higher. It has been helped by a better-than-expected earnings report. News that Intel (INTC 21.43, +0.22) has hiked its quarterly dividend by 15% has helped its shares escape the selloff.

With so many inclined to sell, participants have disregarded the latest Consumer Sentiment Survey from the University of Michigan. The Survey for November pointed to improvement from October.

Commodities are getting slammed this session. Their collective weakness has the CRB Commodity Index down 3.2% in its worst single-session slide of the year. Earlier this week the CRB set a new two-year high.

Treasuries are seeing mixed interest amid the Fed's open market operations to purchase $7.2 billion worth of Notes with maturities from 2014 to 2016. The 10-year Note is down almost a full point so that its yield has climbed to about 2.75%, which puts it at the top end of its eight-week range. However, buying in the 30-year Bond has its yield down to 4.24%.

General weakness this session has stoked volatility, such that the Volatility Index is up 11%. DJ30 -131.27 NASDAQ -44.36 SP500 -18.89 NASDAQ Adv/Vol/Dec 508/1.26 bln/2055 NYSE Adv/Vol/Dec 428/490 mln/2490

12:30 pm : Another flurry of selling has taken stocks through initial support levels. That has left the major indices to trade at fresh session lows.

The tone of trade has been weak almost all session, but it has not helped that the dollar has started to trim its loss so that it is now down just 0.1% against a basket of competing currencies. DJ30 -121.40 NASDAQ -44.68 SP500 -17.51 NASDAQ Adv/Vol/Dec 489/1.08 bln/2026 NYSE Adv/Vol/Dec 454/419 mln/2439

12:00 pm : Sellers have redoubled their efforts. That has put the S&P 500 back at the 1200 line and on pace for its worst weekly performance since August.

Despite the negative breadth of today's trade -- declining issues outnumber advancers by more than 4-to-1 on the NYSE -- there have been some strong performers. Specifically, NVIDIA (NVDA 13.23, +0.62) is up about 5% following its better-than-expected earnings report. DJ30 -85.83 NASDAQ -28.80 SP500 -13.15 NASDAQ Adv/Vol/Dec 579/939 mln/1909 NYSE Adv/Vol/Dec 538/371 mln/2331

11:30 am : Though still down sharply for the session, the S&P 500 has made a modest bounce after attracting support at the 1200 line.

While some of the bleeding among stocks has eased, commodities continue to come under pressure. In turn, the CRB Commodity Index is down 2.2% in its worst single-session slide since June.

General weakness this session has stoked volatility, such that the Volatility Index is up close to 10%. That spike marks the fourth time this week that the euphemistically labeled Fear Gauge has increased. DJ30 -65.66 NASDAQ -22.51 SP500 -10.20 NASDAQ Adv/Vol/Dec 651/820 mln/1829 NYSE Adv/Vol/Dec 578/330 mln/2255

11:00 am : Stocks had trimmed their opening loss in the first 30 minutes of trade, but the move lost momentum as the broader market approached the neutral line. The failure to follow through invited some selling, which has since intensified into a rather aggressive push that has taken the S&P 500 down to the 1200 line.

Weakness remains widespread with all 10 major sectors in the red. Materials stocks are still suffering the worst of it all; they are collectively down 2.1%. DJ30 -85.15 NASDAQ -26.35 SP500 -12.47 NASDAQ Adv/Vol/Dec 532/672 mln/1904 NYSE Adv/Vol/Dec 491/277 mln/2325

10:30 am : Commodities are taking a hit today due to broad market weakness, which was led by a 5% decline in Chinese stocks.

The dollar index has pulled back though from overnight activity, falling into negative territory and to recent session lows of 77.697. it's currently trading just above that low. In the CRB Index, 18 of the 19 components are trading lower.

Energy and gold markets are outperforming the grains and soft commodities, but are still in the red (down ~0.8-2.3%).

December crude oil has been in the red all session. it hit session lows of $85.51 per barrel overnight and is currently 2.4% lower at $85.68 per barrel. Except for a brief moment, December natural gas has also been in the red all session. The energy component hit session lows of $3.86 per MMBtu around the time pit trading opened and is now just under the unchanged line at $3.92 per MMBtu.

In the precious metals space, silver is underperforming gold and is currently 2.1% lower at $26.83 per ounce, while December silver is down 1.3% at $1385.70 per ounce.DJ30 -45.90 NASDAQ -13.50 SP500 -7.70 NASDAQ Adv/Vol/Dec 668/465.7 mln/1705 NYSE Adv/Vol/Dec 647/198.5 mln/2105

10:00 am : Stocks have trimmed their opening losses, but the move has paused in the minutes following the release of the latest consumer sentiment reading.

The preliminary Consumer Sentiment Survey for November from the University of Michigan came in at 69.3, which is slightly above the 69.0 that had been expected among economists polled by Briefing.com. The November reading also marked an improvement from the 67.7 that was recorded in October.

While stocks have slashed their initial losses, the consumer discretionary sector is still the only sector that has mustered a gain. Consumer discretionary plays are collectively up 0.1%. DJ30 -17.03 NASDAQ -5.10 SP500 -3.90 NASDAQ Adv/Vol/Dec 734/285 mln/1509 NYSE Adv/Vol/Dec 777/134 mln/1904

09:45 am : The major equity averages are down amid a stiff bout of selling pressure. Losses are broad, too, such that nine of the 10 major sectors are in the red.

Consumer discretionary stocks have eked out a fractional gain in the first few minutes of trade. Retailer Dillard's (DDS 31.38, +3.29) is an early standout in the space. A positive response to its latest quarterly report has the stock up about 12%. Its opening gap higher put the stock at a new 52-week high.

Materials stocks are under the most pressure. The sector had outperformed in the face of broader weakness during the prior session, but this morning it is down 1.1%.

As for Treasuries, the benchmark 10-year Note is under moderate pressure, such that its yield has been pushed up to 2.68%. Meanwhile, the 30-year Bond is up more than a point after it had been beaten down during the course of the past week. Buyers have caused its yield to drop back to 4.24%. DJ30 -36.10 NASDAQ -9.13 SP500 -5.43 NASDAQ Adv/Vol/Dec 578/185 mln/1637 NYSE Adv/Vol/Dec 551/93 mln/2095

09:15 am : S&P futures vs fair value: -6.00. Nasdaq futures vs fair value: -7.50. Stock futures have pared their losses, but they continue to trail fair value so that a lower start to trade is expected. Such an open would put stocks on pace for their fourth loss of the week. Stocks already head into Friday down 1.0% for the week. That could make for the worst weekly performance since a near 4% decline during the week ended August 13. Losses earlier this week came amid steady gains by the greenback, but this morning the dollar has taken a break from its five-session winning streak to trade about 0.4% lower. The dollar's decline has failed to bring about a positive response among premarket participants, though. Instead, the tone of trade has been hampered by ongoing eurozone sovereign debt concerns, despite speculation of aid for Ireland, and a 5% plunge by the Shanghai Composite amid the belief that China's central bank may have to raise rates to fend off inflation. Commodities have also been hit this morning. That has the CRB Commodity Index down for the third straight day following a nine-session climb to a two-year high. With those themes at hand corporate news has garnered little consideration ahead of the open. Still, it is worth mention that Intel (INTC) hiked its quarterly cash dividend by 15% and both JC Penney (JCP) and NVIDIA (NVDA) exceeded earnings estimates for its latest quarter. Also, the latest Consumer Sentiment Survey from the University of Michigan is due at 9:55 AM ET.

09:00 am : S&P futures vs fair value: -5.40. Nasdaq futures vs fair value: -8.00. Commodities are under pressure this morning. Their collective weakness has the CRB Commodity Index down 1.2%, which makes for its third straight slide and worst performance in more than three weeks. A 1.5% drop in oil prices to $86.50 per barrel in early pit trade has had a damaging impact on the CRB. Natural gas prices are even worse off as the commodity is priced 1.7% lower at $3.86 per MMBtu. Precious metals have lost their luster, for now anyway. Gold prices are currently down 1.1% to $1388.90 per ounce and silver is off by 1.4% at $27.04 per ounce.

08:30 am : S&P futures vs fair value: -7.00. Nasdaq futures vs fair value: -11.50. Futures for the S&P 500 continue to trail fair value by a fair margin. As for overseas action, Germany's DAX has recovered from a lower start to trade with a loss of just 0.1%, though declining issues still outnumber advancers by 3-to-2. Metro AG and Volkswagen have been key sources of support. According to data, Germany's GDP for the third quarter increased by 0.7%, which is down from the upwardly revised 2.3% increase recorded for the second quarter. In France, the CAC is down 0.9%. Total (TOT) has been the heaviest drag. The stock is currently off by almost 4% on the French Index after it dropped below its 200-day moving average, but found support right at its 50-day moving average. The loss is shaping up to be the stock's worst in about six months. As for data, France reported that had 0.4% GDP growth in the third quarter after 0.7% growth in the second quarter. Britain's FTSE is off by just 0.2% after it was down markedly at its open. Vodafone and Rolls-Royce Group have been key sources of support, but BHP Billiton (BHP), Rio Tinto (RIO), and HSBC (HBC) have weighed on action. Data out of the United Kingdom indicated that Nationwide Consumer Confidence Index for October eased to 52 from 53 in September. As an aside, rumors are circulating that an imminent bailout of Ireland is in place, though the European Financial Stability Facility has been in place to offer any eurozone country financing for months.

In Asia, Japan's Nikkei fell to a 1.4% loss. It was led lower by Fanuc Ltd. and Kyocera (KYO). The tone of trade was mostly soured by action in China, where the Shanghai Composite plunged 5.2% as participants unwound positions on rumors the country's central bank may raise rates again. That comes as a sort of delayed response to a stoked inflation reading that was released before yesterday's open. That said, there was likely some profit taking given that the Composite had soared 18.5% since the beginning of October. Declining issues outnumbered advancers by 21-to-1, but PetroChina (PTR), China Shenhua, China Life Insurance, and Bank of China were the heaviest drags on trade. In Hong Kong, the Hang Seng fell 1.9%. It was led lower by HSBC, China Construction Bank, Industrial & Commercial Bank, and China Mobile.

08:00 am : [BRIEFING.COM] S&P futures vs fair value: -8.80. Nasdaq futures vs fair value: -12.80. Stock futures are down markedly at the moment, though they have actually improved their position from overnight lows. The weakness comes in the wake of steep losses in Asia, where fears that tighter monetary policy may follow a sudden rise in inflation this past month. That threat took the Shanghai Composite down more than 5% and the Hang Seng close to 2% lower. As for action in Europe, concerns about the debt of fiscally challenged eurozone countries continues, but the continent's major bourses have made an upward push to pare or reverse their losses. Those themes have overshadowed the dollar's first decline in six sessions -- it is currently down 0.2% against competing currencies. There are no corporate items of consequence and the preliminary Consumer Sentiment Survey for November from the University of Michigan is the only piece of economic data on today's calendar. The report is due at 9:55 AM ET.

07:00 am : S&P futures vs fair value: -7.60. Nasdaq futures vs fair value: -12.00.

07:00 am : Nikkei...9724.81...-136.70...-1.40%. Hang Seng...24222.58...-477.70...-1.90%.

07:00 am : FTSE...5802.27...-13.00...-0.20%. DAX...6709.47...-14.30...-0.20%.

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

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