Trade Results of M.A. Perry Trader and Founder of
WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
Attachment:
051112-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1210.png [ 75.4 KiB | Viewed 327 times ]
click on the above image to view today's performance verification Price Action Trade Performance for Today: +12.10 points or
$1210 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
Russell 2000 Emini TF Futures - 1 tick or 0.10 = $10.00 dollars and there's more contract information @
The ICE.
S&P 500 Emini ES Futures - 1 tick or 0.25 = $12.50 dollars and there's more contract information @
CMEGroup.
In addition, all trades were posted real-time in the
free #FuturesTrades chat room. You can read
today's #FuturesTrades 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=104&t=1220.
To join our
free chat room...
log-in instructions located at a different forum
@ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=5&t=630Also, 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).
WRB Analysis Tutorials @
http://www.thestrategylab.com/WRBAnalysisTutorials.htm and there's a
free study guide of the WRB Analysis Tutorial Chapters 1, 2 and 3 @
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718.
Volatility Trading Report (VTR) @
http://www.thestrategylab.com/VolatilityTrading.htm and there's a
free trade signal strategy @
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89 so that you can freely test drive one of our 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=152&t=1459 -----------------------------
Market Summaries The below summaries by
Bloomberg,
CNNMoney and
Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/IMF actions or any important global economic events that had an impact on today's price action. Simply, I'm a strong believer that many variables (key market events) causes key changes in supply/demand and volatility that results in swing points and strong continuation price actions. Thus, I pay attention to these key market events from one trade to the next trade to give me the
market context for my
technical analysis. Just as important, these summaries becomes my
archives to allow me to understand what was happening on any given trading day in the past...something I can not get from my broker statements alone.
Stocks End Lower Attachment:
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click on the above image to view today's price action of key markets NEW YORK (CNNMoney) -- Stocks ended lower Friday, capping a down week for the major indexes, as weakness in the banking sector weighed on the market.
Shares of JPMorgan Chase (JPM, Fortune 500) fell 9% after the firm disclosed a $2 billion loss late Thursday. CEO Jamie Dimon cited "errors" and "bad judgment" in trades meant to hedge risk.
The news raised questions about whether conditions since April would cause additional not-yet-reported losses at other big banks. Shares of Citigroup (C, Fortune 500), Morgan Stanley (MS, Fortune 500) and Goldman Sachs (GS, Fortune 500) all fell.
Shares of Chesapeake Energy (CHK, Fortune 500) fell 14% after the troubled natural gas company said in a regulatory filing that it may delay some planned asset sales.
Meanwhile, the technology sector was supported by shares of chip-maker Nividia (NVDA), which rose nearly 7% on better-than-expected quarterly results. Netflix (NFLX) was also strong.
The Dow Jones industrial average (INDU) fell 34 points, or 0.3%, according to early tallies. The S&P 500 (SPX) lost 5 points, or 0.3%. The Nasdaq (COMP) ended near the break-even point.
The major indexes all ended lower for the week. The Dow fell 1.7%, the S&P lost 1.2% and the Nasdaq declined 0.7%.
Stocks opened lower Friday but rebounded after a key index of consumer confidence unexpectedly rose to a four-year high in May. Investors also welcomed a report that showed inflation remained subdued in April.
"I don't see a lot of conviction out there," said Bernard Kavanagh, vice president of portfolio management for St. Louis-based broker Stifel Nicolaus. "It doesn't seem like anyone is willing to make any big moves either way."
* Video - Dimon's JPMorgan draws a bad cardTraders said the overall tone was cautious as the debt crisis in Europe continues to hang over the market.
Spain announced plans Friday to require banks to set aside an additional €30 billion to offset potential losses. The government will also hire two independent auditors to review the banks' assets, in an effort to assure investors about their viability.
Greek politicians are still struggling to form a coalition government, which makes the future of austerity measures and a European bailout unclear.
In China, a report showed an unexpected drop in the rate of industrial production growth, which could feed fears of a so-called hard landing for the world's No. 2 economy.
"I think we continue to head lower because Europe is still a problem and the global economy is slowing down," said Peter Boockvar, chief market strategist with Miller Taback & Co.
U.S. stocks ended mixed Thursday, as investors welcomed a small drop in jobless claims.
Economy: The Reuters/University of Michigan consumer sentiment index for May rose to 77.8 from 76.4 in April. It was the highest level since January 2008. Economists surveyed by Briefing.com predicted the index to come in at 75.
Lower energy prices took wholesale prices down 0.2% in April, according to the Labor Department's producer price index. Economists surveyed by Briefing.com had expected prices to be unchanged from March. But stripping out volatile food and energy prices left core wholesale prices up 0.2%, which matched forecasts.
0:00 /2:01Main Street's uneven recovery
World markets: European stocks closed higher, for the most part. Britain's FTSE 100 (UKX) rose 0.6%, the DAX (DAX) in Germany added 0.9%. France's CAC 40 (CAC40) ended flat.
Asian markets ended in the red. The Shanghai Composite (SHCOMP) closed down 0.6%, as did Japan's Nikkei (N225), while the Hang Seng (HSI) in Hong Kong lost 1.3%.
Companies: Shares of upscale retailer Nordstrom (JWN, Fortune 500) fell after it reported earnings of 70 cents a share, which fell 5 cents short of forecasts, despite revenue that was roughly in line with forecasts.
U.S. shares of Sony (SNE) fell after it sank 6.5% in Tokyo to a multi-decade low in its home market. Sony reported lower earnings after the close of the market in Tokyo on Thursday, which hit before the New York exchange opened.
Shares of Monster Worldwide (MWW) soared on Friday after a news report said LinkedIn (LNKD) has expressed interest in buying the online job-search company. But a source close to LinkedIn said the company has "zero interest" in buying Monster, and doesn't plan to pursue a purchase in the future.
Currencies and commodities: The dollar fell against the euro, but rose versus the Japanese yen and British pound.
Oil for June delivery lost 95 cents to end at $96.13 a barrel.
Gold futures for June delivery tumbled $11.50 to settle at $1,584 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, leaving the yield near the 1.84% level.
Market Update 4:30 pm : Failure to sustain a rebound left the stock market to suffer another loss, resulting in a weekly decline of a little more than 1%.
Worries about the health and the transparency of operations at diversified banks and financial services institutions were revived when JPMorgan Chase (JPM 36.96, -3.78), considered among the best in the business, announced that it has tagged $2 billion in trading losses. It mattered little to market participants that such a loss was partially offset by $1.0 billion in securities gains. The stock suffered its worst percentage drop late last summer, while the rest of the Financial sector surrendered 1.2%.
Adding to the negative tone were concerns about China’s economy rate after the country’s latest reading on retail sales and industrial production pointed to slower growth.
Participants responded to the stories by sending stocks lower at the open, but the major equity averages began to fight through the selling almost immediately. The effort was led by Tech, which climbed out of the red to a solid gain. It also helped the Nasdaq run ahead of its counterparts. Among Tech issues, semiconductor-related plays were particularly strong.
A surprise improvement in the Consumer Sentiment Survey from the University of Michigan seemed to encourage traders to extend the bounce. The Survey reading of 77.8, marked an improvement from the 76.4 that had been posted in the prior month. It also bested the 76.0 that had been broadly expected.
The only other dose of data today was a surprise 0.2% decline in overall producer prices during April. The 0.2% increase in core producer prices was exactly what had been expected.
Although stocks were able to reverse their way out of the red, momentum was lost when the S&P 500 reached its prior session high. Its failure to extend past that point was followed by a steady decline, which left nearly every sector to settle in negative territory – Telecom scored the only gain of the session by putting together an impressive 1.2% advance with help from integrated telecom issues.
Action leading up to Friday was mostly weak, extending the price action at the end of the prior week. However, stocks scored their first meaningful gain in seven sessions on Thursday, but only after withstanding some late-day selling.
Focus during the day remained on Greece as leaders there worked to form a coalition government after there had been uncertainty surrounding the shape that the government would take following political impasse earlier in the week.
The latest weekly initial jobless claims count held steady slightly below 370,000, which is generally on par with the tally of 365,000 that had been generally expected. There is speculation that the elevated claims levels during the first three weeks of April were the result of seasonal adjustment biases and not a change in overall labor conditions. As such, there may be payroll growth in May that exceeds that of April, but possibly less than what was achieved during December through February.
Stocks started the week on a flat note. The lackluster action came amid an absence of data. Financials had offered leadership, but the broad market generally failed to follow. Tech stocks lagged.
Sellers attempted to reclaim control of stocks on Tuesday by driving the S&P 500 down more than 1% before it began to slash losses. The slide came amid concerns that the election of a Socialist to the Presidency of France and political impasse in Greece could carry implications for the direction of and commitment to austerity plans. Stocks began their recovery effort after the broad market was able to maintain a floor above levels set back in March.
Action on Tuesday took the Volatility Index up nearly 10% to trade above 20 for the first time in almost a month and then back to about 19 for an overall increase of less than 1%.
Concerns about the implications of political uncertainty in Greece persisted in mid-week trade. That saw the major equity averages drop in excess of 1% -- this time taking the S&P 500 within a few points of its March low -- but once again selling pressure eased and losses were reduced.
Sentiment was helped when the EFSF made it known that more than 5 billion euros will be available to Greece, despite the political impasse in the country. That didn’t fully eliminate worry about the exposure of Financials to tumult in the eurozone.
In response to revived concerns about eurozone conditions the euro retreated to a multi-month low around $1.29 this week. That helped lift the Dollar Index above its 50-day moving average. Including incrementally positive finishes, the dollar has advanced for 10 straight days against a basket of major foreign currencies. The greenback booked back-to-back weekly gains of 1.0%.
Earnings season is winding down, but this week still featured a few important players. Dow component Disney (DIS 45.56, +0.28) scored a strong gain that took shares to a 52-week high on the back of better-than-expected earnings.
Fellow blue chip Cisco Systems (CSCO 16.50, -0.31) plunged after the company’s upside earnings surprise was overshadowed by a disappointing forecast.
Macy’s (M 37.98, +0.15) posted an upside earnings surprise, as did Kohl's (KSS 48.18, -0.48), but shares of the latter were sold in response to a dissatisfying forecast. Earnings from Nordstrom (JWN 50.96, -2.57) missed the consensus estimate.
Teva Pharmaceutical (TEVA 41.81, -0.24) posted pleasing earnings. Toyota Motor (TM 80.71, +0.98) did, too, but its outlook proved mixed relative to what had been projected already by Wall Street.
ArcelorMittal (MT 16.01, -0.36) was also in the mixed. Its earnings missed the consensus estimate.
Most commodities were sold this week. As such, the CRB Index suffered a 1.0% drop on Friday and a 1.8% decline for the week. It has fallen in seven of the past eight sessions.
Among the more closely tracked commodities, crude oil prices fell 2.5% to a 2012 closing low of $96.03 per barrel. In stark contrast, natural gas prices climbed 10% during the course of trade this week to settle pit trade on Friday at $2.51 per MMBtu.
As for precious metals, gold prices fell to $1584 per ounce for a 3.7% weekly loss, while silver sank to $28.91 per ounce, feeding a 5.0% weekly loss.
Treasuries attracted many looking to trim risk. Buying interest sent the yield on the 10-year Note fractionally below 1.80% for a multi-month low.
Auctions this week featured an offering of 3-year Notes that drew a bid-to-cover ratio of about 3.7, dollar demand of $116.8 billion, and an indirect bidder participation rate of 35.7%. An offering of 10-year Notes drew a bid-to-cover of 2.9, dollar demand of $69.6 billion, and an indirect bidder rate of 38.7%. An auction of 30-year Bonds drew a bid-to-cover of 2.7, an indirect bidder rate of 33.8%, and dollar demand of $43.6 billion. DJ30 -34.44 NASDAQ +0.18 NQ100 +0.00% R2K -0.2% SP400 +0.1% SP500 -4.60 NASDAQ Adv/Vol/Dec 1007/1.72 bln/1462 NYSE Adv/Vol/Dec 1198/786 mln/1803
3:30 pm : Crude oil experienced extensive volatility this week. In the backdrop was political and economic uncertainty in Europe, along with disappointing weekly inventory data. Yesterday's session was the only one this week where the energy component settled in positive territory. That left the energy component to settle the week with a 2.5% loss at a 2012 low of $96.03 per barrel. In stark contrast, natural gas prices have been pushing higher, climbing 10% during the course of trade this week to settle pit trade today at $2.51 per MMBtu.
Precious metals were pressured for most of this week, taking gold down to $1584 per ounce for a 3.7% weekly loss and a new 2012 low for the June contract. Silver sank to $28.91 per ounce today, feeding a 5.0% loss for the week. The July contract set a four-month low along the way. DJ30 -21.27 NASDAQ +7.12 SP500 -1.75 NASDAQ Adv/Vol/Dec 970/1.35 bln/1495 NYSE Adv/Vol/Dec 1145/495 mln/1845
3:00 pm : The broad market remains mired near the neutral line as trade enters its final hour. As things currently stand, the S&P 500 is on pace for a weekly loss of almost 1.0%, which comes on top of the 2.4% loss that it suffered during the course of trade last week. The broad market measure is down about 3% month to date.DJ30 -16.99 NASDAQ +9.60 SP500 -1.18 NASDAQ Adv/Vol/Dec 1055/1.23 bln/1400 NYSE Adv/Vol/Dec 1285/450 mln/1700
2:30 pm : Both the Dow and the S&P 500 continue to hold steady at the flat line, while the Nasdaq maintains a solid gain. Mid-cap stocks are also up solidly, resulting in a 0.4% gain for the S&P 400. Small-cap stocks are having a harder time as the Russell 2000 recently slipped into the red for a narrow loss of 0.1%.DJ30 -3.93 NASDAQ +13.65 SP500 +0.47 NASDAQ Adv/Vol/Dec 1070/1.16 bln/1380 NYSE Adv/Vol/Dec 1275/425 mln/1685
2:00 pm : Stocks have been unable to reclaim their gains after the broad market secured support at the neutral line. The action has left the stock market to drift sideways with only a narrow gain.
Tech stocks continue to trade with impressive gains. The sector is currently up 0.5%. Ciena Corp (CIEN 13.06, +1.00) has jumped out with a strong performance in the space. The stock's 8% spike today comes after shares had logged losses in 11 of the last 12 sessions, shedding more than 20% of its market cap in that time. DJ30 -2.72 NASDAQ +14.29 SP500 +0.61 NASDAQ Adv/Vol/Dec 1090/1.10 bln/1360 NYSE Adv/Vol/Dec 1355/400 mln/1590
1:30 pm : After entering into a sideways drift, stocks began to ease back to the neutral line. Support there has helped both the Dow and S&P 500 make a very modest move higher, but they remain shy of session highs. The Nasdaq's gain remains solid.DJ30 +21.53 NASDAQ +18.20 SP500 +2.95 NASDAQ Adv/Vol/Dec 1085/990 mln/1365 NYSE Adv/Vol/Dec 1440/360 mln/1495
1:00 pm : Stocks opened with losses, but an upward push has the major equity averages in positive territory. Momentum has petered out, however.
News that JPMorgan Chase (JPM 37.27, -3.47) has tagged $2 billion in trading losses, partially offset by $1.0 billion in securities gains, rekindled concerns about the health and operations of banks and diversified financial services outfits, especially since JPM is widely regarded as one of the best in the business. Although the tone of trade has improved since earlier this morning, the Financial sector is still down 0.7%.
Tech, the largest sector by market weight, provided leadership necessary in the broad market's reversal. Tech stocks now sport a 0.5% gain, and have been especially helpful in giving the Nasdaq a lead over its counterparts. Semiconductor-related plays are in particularly strong shape, resulting in a near 2% gain for the Philadelphia Semiconductor Index.
They don't carry much weight or influence in the broad market, but Telecom stocks have attracted considerable buying interest today. Both AT&T (T 33.87, +0.74) and Verizon (VZ 41.28, +0.73) currently boast gains on the order of 2%. Perhaps more impressive is that shares of both T and VZ are up 12% in the past month.
Data today has featured a Producer Price Index that made a surprise 0.2% decline in April, and an unsurprising 0.2% increase in core PPI. A preliminary survey on consumer sentiment from the University of Michigan surprised many by improving to 77.8 from 76.4 in the prior month. Data from China included in-line price measures, but readings on retail sales and industrial production disappointed as they suggested growth has slowed. DJ30 +23.16 NASDAQ +16.92 SP500 +2.97 NASDAQ Adv/Vol/Dec 1205/905 mln/1230 NYSE Adv/Vol/Dec 1625/330 mln/1290
12:30 pm : Unable to resume their upward climb, stocks are moving sideways. That has made for modest broad market gains.
The dollar has managed to remain fractionally above the neutral line, despite diminished risk aversion among market participants. Such is the same for Treasuries. An effort to reduce risk this morning left stocks to open with marked losses. DJ30 +33.49 NASDAQ +17.85 SP500 +4.11 NASDAQ Adv/Vol/Dec 1135/825 mln/1285 NYSE Adv/Vol/Dec 1600/310 mln/1310
12:00 pm : Stocks have slipped off of recent highs, but they have managed to maintain solid gains.
The swing in sentiment from decidedly negative this morning to moderately positive at midday has taken the Volatility Index from about 20 to slightly less than 19 for a slight loss on the day. The improved tone comes as market participants respond to leadership from the Tech sector after concerns about Financials imbued the broad market in the early going. DJ30 +38.56 NASDAQ +19.18 SP500 +4.65 NASDAQ Adv/Vol/Dec 1070/750 mln/1310 NYSE Adv/Vol/Dec 1525/285 mln/1345
11:30 am : The broad market is at its best level of the day, sporting a solid gain. Tech continues to lead the effort; the largest sector by market weight is now up 0.8%.
Consumer Discretionary stocks are shining, too. The sector is actually up 0.9% with help from home furnishing and household appliance stocks like Bed Bath & Beyond (BBBY 71.81, +3.06) and Whirlpool (WHR 62.87, +1.74). Shares of the former were recently upgraded by analysts at Credit Suisse.
Down 0.4%, Financials stand as the only major sector still in negative territory. Their weakness comes amid rekindled concerns about the health and operations of banks and diversified financial services outfits. DJ30 +58.47 NASDAQ +25.12 SP500 +7.39 NASDAQ Adv/Vol/Dec 1130/630 mln/1210 NYSE Adv/Vol/Dec 1660/240 mln/1205
11:00 am : A push by sellers to stem the stock market's morning climb has been overcome. All three major equity averages are now in positive territory, but the Nasdaq is looking the strongest.
Tech stocks are helping to push the Nasdaq out in front of its counterparts. The sector's 0.8% gain comes with help from semiconductor-related stocks, which have lifted the Semiconductors HOLDRS ETF (SMH 33.37, +0.50) to a 1.5% gain. NVIDIA (NVDA 13.46, +1.04) is a standout in the space. DJ30 +32.54 NASDAQ +20.42 SP500 +4.14 NASDAQ Adv/Vol/Dec 1255/485 mln/1025 NYSE Adv/Vol/Dec 1710/195 mln/1095
10:30 am : Many key commodities remain under pressure, resulting in a 0.5% loss for the CRB Index. The CRB is down more than 1% this week.
Crude oil prices have pushed up from morning lows, but for the session they are still down 0.5% at $96.60 per barrel. Meanwhile, natural gas prices have surrendered an early gain to trade with a 0.7% loss at $2.55 per MMBtu.
Precious metals have pared losses, leaving gold to trade at $1588.30 per ounce with a 0.5% loss, while silver sits at $28.97 per ounce with a 0.8% loss. Earlier, gold prices were down approximately 1%, while silver prices were down about 2%. DJ30 +13.85 NASDAQ +19.01 SP500 +1.98 NASDAQ Adv/Vol/Dec 850/300 mln/1375 NYSE Adv/Vol/Dec 1060/130 mln/1680
10:00 am : The preliminary Consumer Sentiment Survey for May from the University of Michigan came in at 77.8, which is up from the reading of 76.4 in the prior month, and better than the reading of 76.0 that had been expected, on average, among economists polled by Briefing.com.
Despite the better-than-expected reading, stocks have been unable to extend the upward push that had lifted the major equity averages off of their opening lows. DJ30 -39.47 NASDAQ +7.06 SP500 -3.34 NASDAQ Adv/Vol/Dec 790/125 mln/1335 NYSE Adv/Vol/Dec 770/75 mln/1900
09:45 am : Stocks are pushing upward after opening trade in the red. The effort has taken the Nasdaq into positive territory, but both the Dow and the S&P 500 continue to trade with modest losses.
Tech stocks are displaying early leadership as the sector pushes up to a 0.2% gain ofter starting the session in the red. However, Telecom is in the best shape as it sports an early gain in excess of 1%. Energy stocks are at the opposite end of the spectrum, wrestling with a 0.6% loss.
Due at 9:55 AM ET is the preliminary reading on May consumer sentiment from the University of Michigan. DJ30 -43.97 NASDAQ +2.44 SP500 -4.36 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA
09:15 am : S&P futures vs fair value: -7.50. Nasdaq futures vs fair value: -10.00. Stock futures are down markedly and only narrowly above overnight lows. Renewed negativity comes amid concerns about banks and diversified financial institutions after JPMorgan Chase (JPM 37.33, -3.41) announced significant trading losses, sending its shares sharply lower ahead of the open -- JPM premarket price is quoted here. Data, whether China's industrial production or retail sales growth or the latest PPI reading from the US, has failed to influence any shift in early sentiment. Market participants have yet to get their hands on the preliminary consumer sentiment survey from the University of Michigan, however. The survey is scheduled for release at 9:55 AM ET.
09:05 am : S&P futures vs fair value: -7.80. Nasdaq futures vs fair value: -10.50. Commodity prices are under pressure this morning, resulting in a 0.6% loss for the CRB Index. The decline puts the CRB on pace for its seventh slide in eight sessions, and a weekly loss of about 1.4%. Oil prices are under pronounced pressure, resulting in a 1.1% drop to $96 per barrel. In contrast, natural gas prices have climbed 0.9% to $2.59 per MMBtu. Precious metals are down markedly, such that gold prices are off by 0.9% at $1582 per ounce, while silver wrestles with a 1.9% loss at $28.61 per ounce.
08:35 am : S&P futures vs fair value: -6.70. Nasdaq futures vs fair value: -5.00. Stock futures remain under marked pressure following today's first dose of domestic data. The Producer Price Index (PPI) for April declined by 0.2%, which contrasts with the call for a flat reading by economists polled by Briefing.com. However, core PPI pushed up by 0.2%, just as had been expected. Still on the calendar is the preliminary monthly survey on consumer sentiment from the University of Michigan; it is scheduled for release at 9:55 AM ET.
08:05 am : S&P futures vs fair value: -5.20. Nasdaq futures vs fair value: -2.00. Ignoring an incrementally positive finish at the start of this week, the stock market posted its first meaningful gain in seven sessions yesterday, but stock futures currently suggest that the move could be reversed. The negative bias to premarket trade this morning comes amid word that JPMorgan Chase (JPM 37.27, -3.47) has tagged $2 billion in trading losses, which have been partially offset by $1.0 billion in securities gains. Note: ticker quote reflects most recent premarket price. Given the firm's best-in-the-business image, the news has implicated shares of many other diversified banks and financial services stocks, both at home and abroad. Also in the mix is a batch of relatively underwhelming data from China. Domestic data on deck for today includes the latest Purchasing Price Index and the preliminary reading on consumer sentiment from the University of Michigan. The are scheduled for release at 8:30 AM ET and 9:55 AM ET, respectively.
06:26 am : [BRIEFING.COM] S&P futures vs fair value: -3.80. Nasdaq futures vs fair value: +0.50.
06:25 am : Nikkei...8953.31...-56.30...-0.60%. Hang Seng...19964.63...-262.70...-1.30%.
06:25 am : FTSE...5520.56...-23.40...-0.40%. DAX...6495.59...-22.40...-0.30%.
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)
@
http://twitter.com/wrbtrader,
http://stocktwits.com/wrbtrader and
http://chart.ly/users/wrbtraderhttp://www.thestrategylab.com Phone: +1 708 572-4885
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