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 Trading (no technical indicators)


click on the above image to view today's performance verification

Price Action Trade Performance for Today: +9.70 points or $970 dollars in the Russell 2000 Emini TF ($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=1223.

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=630

Also, posted below are direct links to information about my price action trade methodology and trading plan (there's a difference between the two) that enables me to identify key trading areas in the price action that represent changes in supply/demand and volatility along with being able to exploit these changes via WRB Analysis (wide range body/bar analysis).

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

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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/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.

Greece Worries Weigh On U.S. Stocks


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

NEW YORK (CNN Money) -- Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.

The Dow Jones industrial average (INDU) fell 33 points, 0.3%, finishing at the lowest level since mid-January.

The S&P 500 (SPX) dropped 6 points, or 0.4%, and the Nasdaq (COMP) lost 20 points, or 0.7%. Both indexes closed at the lowest level since early February.

Investors started the day encouraged by data that showed U.S. housing starts rebounded from a five-month low and industrial production posted its fastest growth in over a year. Later in the day, anxiety over Greece's future took precedence.

After politicians in Athens failed to agree on a coalition government, President Karolos Papoulias called for all parties to set up a caretaker government that will conduct new elections next month.

The instability in Greece raises questions as to whether the country will be forced to leave the eurozone and what such a move would mean for other troubled European economies.

* European leaders scramble to contain Greek debt crisis

"We're not at a tipping point yet, but there's concern that we could get there if the Greek election on June 17 goes the way of the previous one -- with an inconclusive result," said Michael Hewson, analyst at CMC Markets in London.

Investors were also spooked following reports that the European Central Bank has stopped providing liquidity to some Greek banks.

Despite the uncertainty, comments from European leaders helped stem some pressure. German Chancellor Angela Merkel reiterated that her country wants Greece to remain in the eurozone and will make every effort to help the nation get on solid footing. She said she agreed with France's newly elected president Francois Hollande to consider measures to spur growth in Greece.

Spanish Prime Minister Mariano Rajoy also said it would be 'a very big mistake' if Greece were to exit.

Borrowing costs initially surged, with Spain's 10-year yield jumping to 6.5%, before pulling back to 6.3%. Italian bond yields also jumped to 6% before easing to 5.8%.

While Europe's debt crisis remains a broad concern for U.S. investors, hopes are high that U.S. financial institutions have had ample time to protect themselves from the effects of contagion.

"The U.S. banks have been taking many more steps to deal with delinquent loans and against European sovereigns, something that European leaders have been extremely bad at," said Hewson.

Moreover, while the 27-nation European Union and the 17-nation eurozone are teetering on the edge of recession, the U.S. economy continues to grow, albeit at a slow pace.

U.S. stocks closed at three-month lows Tuesday as the eurozone debt crisis continued to take a toll on the markets.

* Video - Merkel: We want Greece to stay in euro

World markets: European stocks closed mixed. Britain's FTSE 100 (UKX) rose 0.1% and France's CAC 40 (CAC40) added 0.3%, while the DAX (DAX) in Germany slipped 0.3%.

Asian markets ended lower. The Shanghai Composite (SHCOMP) fell 1.2% and Japan's Nikkei (N225) dropped 1.1%, while the Hang Seng (HSI) in Hong Kong plunged 3.2%.

Economy: Housing starts jumped to an annual rate of 717,000 in April, from the revised level of 699,000 in March. Analysts surveyed by Briefing.com had expected a rate of 680,000.

Meanwhile, building permits fell to an annual rate of 715,000 in April, from the revised figure of 769,000 in March. Analysts expected permits to fall to 730,000.

April's reading "supports our view that housing is in recovery mode," said Paul Diggle, property economist at Capital Economics. "We expect housing starts to rise further later this year."

Diggle also added that he doesn't expect the latest escalation in Europe to derail the U.S. housing recovery.

"After all, the fallout for the U.S. banking system from a Greek exit will be relatively limited," he said. "The flow of credit to homebuilders, institutional buyers and households therefore shouldn't become materially tighter, allowing the volume of housing starts to continue rising."

The Fed's reading on the nation's factory output was also better than expected. Industrial production rose 1.1% in April, rising at the fastest pace since December 2010. Economists were forecasting that industrial production rose 0.5% in April after being unchanged the previous month.

Meanwhile, the Fed also released the minutes from the April meeting of the Federal Open Market Committee.

According to the minutes, "several members indicated that additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough."

In previous minutes, only "a couple of members" expressed support for further stimulus.

Companies: Facebook boosted the size of its IPO by 25%, seeking to raise up to $16 billion, according to an SEC filing.

* Should you buy Facebook?

Shares of retailer JC Penney (JCP, Fortune 500) tumbled after it reported a much bigger than expected loss for the most recent quarter. The company also discontinued its dividend.

Staples (SPLS, Fortune 500) reported earnings in line with expectations, but a surprise 1% drop in sales sent shares of the office supply company lower.

Shares of Deere (DE, Fortune 500) were lower even after the company beat expectations on its quarterly results and raised its forecast.

Target (TGT, Fortune 500) also beat expectations and increased its forecast, pushing shares higher.

* Facebook: The IPO of the Virtual Passport -- StockTwits

According to documents filed with the SEC, Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) built new positions in General Motors (GM, Fortune 500) and Viacom (VIA) during the first three months of 2012.

The director of the FBI said Wednesday that the agency has opened an investigation into JPMorgan Chase (JPM, Fortune 500), the nation's largest bank, a week after the bank disclosed a $2 billion trading loss.

Shares of Martin Marietta (MLM) tumbled into the close after hedge fund manager David Einhorn of Greenlight Capital said the company has many problems, while speaking at the Ira Sohn Research Conference in New York.

Shares of Amazon (AMZN, Fortune 500) also slipped after the famed short seller knocked the company. Einhorn also remains favorable on Apple (AAPL, Fortune 500).

Meanwhile, shares of Herbalife (HLF) popped 17% due to the fact that Einhorn didn't mention the company. Earlier this month, its stock took a hit after Einhorn posed a series of questions to Herbalife executives during its earnings conference call, asking for details about sales sources and disclosures that have been provided in the past.

* Video - JC Penney: Definitely not Apple!

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

* Keystone isn't the only pipeline

Oil for June delivery fell $1.17 to $92.81 a barrel, the lowest since November.

Gold futures for June delivery lost $20.50 to settle at $1,536.60 an ounce, the lowest since last July.

Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down to 1.76% from 1.79% late Tuesday.



Market Update

4:30 pm : Buying interest in the early going gave way to selling pressure that resulted in the ninth loss in 11 sessions for the S&P 500. Many traders took their cues from the euro.

Despite sizable losses in Asia during overnight trade and mixed action among Europe's major bourses, market participants bid stocks higher ahead of the open. Positive sentiment was supported by news that housing starts improved in April to an annualized rate of 717,000 from an upwardly revised rate of 699,000 in the prior month to exceed the consensus forecast for a rate of 680,000 units. Building permits were more on par with what had been expected -- the annualized rate of 715,000 came in only slightly below the rate of 730,000 that had been broadly anticipated.

Industrial production also proved impressive. It increased during April by 1.1%, which is more than double the 0.5% increase that had been broadly expected.

Within the first hour of action the S&P 500 was up almost 1% and within about five points of its prior session high, but the move failed to hold as early strength among Energy and Financials faded. Those two sectors descended to losses of 0.5% and 1.5%, respectively. That put the Energy sector at a new low for 2012, while Financials sit at their worst level since January.

Retailers JC Penney (JCP 26.75, -6.75) and Abercrombie & Fitch (ANF 39.50, -5.90) were among the poorest individual performers of the session. Both stocks plummeted to new multi-month lows in the wake of underwhelming quarterly reports. Target (TGT 55.32, +0.24) managed to maintain a modest gain following its latest earnings announcement, though.

Deere (DE 74.18, -2.44) was also out today with its latest quarterly report, which featured a better-than-expected bottom line. However, shares of the farming machinery outfit still fell.

A few minutes of broad market turbulence followed the release of the latest FOMC minutes, which indicate that broad financial market conditions have changed little. The minutes state that bank credit slowed in March, but overall it expanded at a solid pace for the first quarter. It was also noted that financial strains within the euro area increased.

The latter point in mind, headlines today suggested that the ECB may be suspending services to certain banks in Greece. That stirred some selling interest against the currency. It managed to recover to the neutral line, but by the closing bell it was back in the red to suffer a 0.2% loss against the greenback.

Advancing Sectors: Consumer Staples +0.3%, Health Care +0.2%
Declining Sectors: Utilities -0.1%, Industrials -0.1%, Consumer Discretionary -0.1%, Telecom -0.4%, Energy -0.5%, Tech -0.8%, Materials -1.2%, Financials -1.5%DJ30 -33.45 NASDAQ -19.72 NQ100 -0.7% R2K -0.6% SP400 -0.9% SP500 -5.86 NASDAQ Adv/Vol/Dec 839/1.96 bln/1660 NYSE Adv/Vol/Dec 985/872 mln/2024

3:30 pm : Crude oil experienced volatility in today’s pit trade as it continued its decline for a fourth consecutive session. It briefly popped into positive territory in morning action, but quickly returned to the red. Weaker-than-anticipated inventory data that showed a build of 2.1 million barrels in the face of calls for a build of 1.5 million barrels was in the mix. Crude touched a session low of $92.28 per barrel ahead of the FOMC minutes, and settled the session with a 1.3% loss at $92.78 per barrel.

Natural gas outperformed again. It soared 5.2% to $2.62 per MMBtu. The energy component is now up more than 30% since the low that it set last month.

Precious metals extended losses, despite only a marginal gain by the dollar. Both gold and silver spent the entire pit sessions in negative territory. Although they attempted to erase losses in morning action, taking gold up to $1552.20 per ounce and silver to $27.97 per ounce, the move was unsustainable. Gold and silver set respective session lows of $1534.10 per ounce and $27.13 per ounce before gold settled with a 1.4% loss at $1536.30 per ounce and silver finished at $27.18 per ounce for a 3.0% loss.DJ30 -12.71 NASDAQ -18.30 SP500 -3.90 NASDAQ Adv/Vol/Dec 980/1.50 bln/1505 NYSE Adv/Vol/Dec 1185/565 mln/1815

3:00 pm : The stock market has attempted to turn positive as trade enters its final hour. On the line is yet another loss -- the S&P 500 has already suffered losses in eight of the last 10 sessions.

With the close drawing near, some participants are preparing for a handful of earnings reports. Limited (LTD 47.81, -0.24) reports this evening, but tomorrow morning brings Advanced Auto (AAP 82.05, +0.97), Sears Holding (SHLD 51.23, -1.68), and Walmart (WMT 59.26, -0.09).

Tomorrow morning's economic calendar features the latest weekly initial claims count, the latest Philadelphia Fed Index, and a leading indicators reading. DJ30 +17.45 NASDAQ -10.14 SP500 -0.27 NASDAQ Adv/Vol/Dec 960/1.38 bln/1515 NYSE Adv/Vol/Dec 1100/515 mln/1900

2:30 pm : The S&P 500 is in negative territory, but its loss remains only modest. Still, another loss would mark the ninth time in 11 sessions that the stock market has settled in the red.

The Nasdaq is down more decisively. Its loss comes as shares of Tech stocks slide to a collective loss of about 0.7%. Only Financials and Materials, both down 0.8%, are in worse shape. DJ30 +0.15 NASDAQ -15.54 SP500 -2.42 NASDAQ Adv/Vol/Dec 1025/1.25 bln/1425 NYSE Adv/Vol/Dec 1245/465 mln/1710

2:05 pm : Action among stocks has become somewhat whippy in the wake of the latest FOMC minutes, which indicate that broad financial market conditions have changed little as bank credit slowed in March, but expanded at a solid pace for the first quarter, and that financial strains within the euro area increased over the period between FOMC meetings.

Neither the dollar nor Treasuries have seen much movement following the release of the minutes. DJ30 +6.74 NASDAQ -13.20 SP500 -1.27 NASDAQ Adv/Vol/Dec 970/1.15 bln/1460 NYSE Adv/Vol/Dec 1200/425 mln/1750

1:30 pm : A lack of leadership has left the broad market mired near the neutral line. Meanwhile, the Nasdaq is now negative. If selling accelerates, stocks will be threatened with their ninth loss in 11 sessions.DJ30 +23.96 NASDAQ -0.80 SP500 +1.61 NASDAQ Adv/Vol/Dec 1145/1.03 bln/1275 NYSE Adv/Vol/Dec 1345/385 mln/1585

1:00 pm : The broad market is up only modestly after surrendering strong gains staged this morning. Many market participants continue to take their cues from the euro, given that it offers a tacit signal of sentiment in the efforts of the eurozone to prevent already precarious conditions from deteriorating.

A solid bid ahead of the open was reinforced a surprisingly strong monthly housing starts number and a generally in-line building permits number. Stronger-than-expected industrial production and a pickup in capacity utilization also helped set the tone for a firmer open.

However, the euro's inability to put together a gain triggered selling interest that forced stocks to forfeit all but a modest portion of their gains. The euro has oscillated all session, but a flurry of selling followed news that the ECB may be suspending services to certain banks in Greece. It has since recovered to trade flat against the greenback.

Energy stocks had looked like a source of strength in the early going, but the sector has retreated alongside the broad market so that it is now up just 0.1% for the session. Oil prices remain under pressure as they grapple with a 0.8% loss at $93.25 per barrel. Earlier today oil set a new 2012 low beneath $93 per barrel.

Consumer Discretionary stocks were also looking strong this morning, but pronounced losses between JC Penney (JCP 27.01, -6.31) and Abercrombie & Fitch (ANF 38.59, -6.81) have weighed on the space following their latest quarterly reports. Target (TGT 55.39, +0.31) has maintained a gain in the wake of its latest earnings announcement.

Deere (DE 74.65, -1.97) was out with a better-than-expected earnings report this morning, but that has mattered little to participants inclined to pare risk.

Still on the calendar are minutes from the most recent FOMC meeting. They will be released at 2:00 PM ET and combed for insight into the mindset of FOMC members amid macro conditions. DJ30 +21.00 NASDAQ -1.54 SP500 +1.26 NASDAQ Adv/Vol/Dec 1255/895 mln/1125 NYSE Adv/Vol/Dec 1500/350 mln/1410

12:30 pm : Energy stocks had been looking strong for most of the morning, but the sector has since surrendered all of its gains. Support at the neutral line has kept the sector from falling into negative territory.

Industrial stocks remain in strong shape. The sector's 0.8% gain comes as shares of industrial conglomerate General Electric (GE 19.16, +0.76) bounces to a big gain on the back of news that the company's Capital arm has declared a $475 million dividend to be paid to the parent company. Meanwhile, Deere & Co. (DE 74.92, -1.70) shares are down markedly despite an upside earnings surprise. DJ30 +36.44 NASDAQ +3.58 SP500 +3.13 NASDAQ Adv/Vol/Dec 1300/830 mln/1075 NYSE Adv/Vol/Dec 1555/320 mln/1325

12:00 pm : The euro has worked its way up so that it trades only incrementally below the neutral line. Its recovery comes after it had slipped amid headlines regarding news that the eurozone central bank has discontinued services to a handful of Greece-based banks. Although the news prompted some knee-jerk selling in the euro, it isn't terribly surprising considering that the unhealthy state of banks there has given rise to a view by some pundits that weaker firms should be consolidated to give the broader system stability.DJ30 +48.48 NASDAQ +6.62 SP500 +4.90 NASDAQ Adv/Vol/Dec 1295/705 mln/1030 NYSE Adv/Vol/Dec 1565/280 mln/1300

11:30 am : Each of the three major equity averages recently came within close reach of the neutral line, but support there has helped them maintain narrow gains.

Financials actually turned negative for a moment, but the sector has fought its way up to a 0.3% gain. Despite their defensive-orientation, both Telecom and Utilities are still in the red with respective losses of 0.3% and 0.2%. Tech stocks are down 0.1% for the day. Energy stocks are actually in the best shape.

Although well shy of their session high, the Energy sector is up a solid 0.6% at the moment. Strength remains even though oil prices have retraced their morning slide so that they now sit at $93 per barrel with a 1.0% loss. DJ30 +20.89 NASDAQ +2.20 SP500 +2.52 NASDAQ Adv/Vol/Dec 1280/575 mln/1005 NYSE Adv/Vol/Dec 1520/230 mln/1320

11:00 am : About an hour ago stocks were at session highs and sporting strong gains, but now stocks are starting to slide. The action coincides with a pullback by the euro, which now trails the greenback by about 0.2%. Many market participants regard the euro as a tacit communicator of confidence in the eurozone and the efforts of its leaders to prevent precarious conditions there from further undermining financial and economic conditions.DJ30 +49.31 NASDAQ +12.72 SP500 +6.42 NASDAQ Adv/Vol/Dec 1520/450 mln/725 NYSE Adv/Vol/Dec 1970/180 mln/865

10:35 am : Trading at new lows for 2012, crude oil prices were below $93 per barrel earlier this morning, but the energy component has since traded up to about $93.50 per barrel for a loss of about 0.5% following news that weekly oil inventories had a build of 2.13 million barrels when a build of only 1.50 million barrels had been expected.

Natural gas prices have added to their gains. The energy component is up 3.5% to $2.66 per MMBtu.

Precious metals have been paring losses. Gold prices were down more than 1% this morning, but the yellow metal now trades at $1549.50 per ounce for a 0.5% loss. As for silver, it was down more than 2% earlier, but it now trades with a 0.8% loss at $27.85 per ounce. DJ30 +65.62 NASDAQ +15.62 SP500 +8.13 NASDAQ Adv/Vol/Dec 1515/360 mln/695 NYSE Adv/Vol/Dec 2065/150 mln/755

10:00 am : Stocks recently pushed up to new morning highs. The move correlated with an uptick by the euro, which is now back in positive territory with a 0.1% gain against the greenback.

Energy stocks have come to life after descending to new 2012 lows in the prior session. The sector is now sporting a 1.1% gain, which comes in the face of lower oil prices. Oil has been in a steady downtrend of late; the commodity currently trades at $93.15 per barrel, which is up from its morning low, but still down about 0.9% for the day. DJ30 +71.41 NASDAQ +14.86 SP500 +9.06

09:45 am : The major equity averages are up modestly this morning. Up 0.4%, Financials are offering support, but for the second straight session Consumer Discretionary stocks have garnered the strongest favor, resulting in a 0.6% gain.

Not all Consumer Discretionary plays are performing well, however. Shares of apparel retailer Abercrombie & Fitch (ANF 39.89, -5.51) are down about 12% following the company's latest quarterly report. Shares of JC Penney (JCP 29.40, -3.92) have also taken a precipitous drop following the retailer's latest earnings report. DJ30 +58.51 NASDAQ +10.90 SP500 +7.40 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: +7.80. Nasdaq futures vs fair value: +13.00. Stock futures have maintained a solid bid and the euro has poked into positive territory so that it now leads the greenback by about 0.1%. Although the dollar hasn't attracted the buying interest that it has in recent sessions, futures prices for oil, gold, and silver continue to trend lower, each setting a new 2012 low in the process.

Market participants are looking forward to the minutes from the most recent FOMC meeting.

Just released, though, is news that industrial production increased during April by 1.1%, which is greater than the 0.5% increase that had been broadly expected. The capacity utilization rate came in at 79.2%, which is narrowly better than the 79.0% that had been widely anticipated.

Earlier this morning it was learned that monthly housing starts ramped up more than expected from the pace registered in the prior month. Building permits were essentially on par with what had been expected.

09:05 am : S&P futures vs fair value: +6.20. Nasdaq futures vs fair value: +11.30. Crude oil prices continue to trend lower. The energy component is currently down 1.2% to $92.90 per barrel in early pit trade. Prices could experience some volatility with the latest weekly inventory report at 10:30 AM ET. Natural gas prices have extended their prior session upturn. Prices now sport a 2.3% gain at $2.63 per MMBtu.

Pressure has returned to precious metals gold and silver. Efforts to take the pair lower have left gold with a 1.1% loss at $1540.20 per ounce, which is actually up from a 2012 low of about $1528 per ounce that was set overnight. Meanwhile, silver is sitting at $27.46 per ounce with a 2.2% loss. Prices were slightly below $27.20 per ounce earlier this morning, making for a new 2012 low.

08:35 am : S&P futures vs fair value: +7.90. Nasdaq futures vs fair value: +14.80. Stock futures are up solidly this morning. A satisfactory reading on monthly housing starts has reinforced the bid. Housing starts hit an annualized rate of 717,000 in April. That exceeds the rate of 680,000 units that had been expected, on average, among economists polled by Briefing.com. It also marks a ramp up from the upwardly revised rate of 699,000 units that were recorded for the prior month. As for building permits, they registered an annualized rate of 715,000, which is slightly less than the rate of 730,000 that had been broadly anticipated.

08:05 am : S&P futures vs fair value: +5.80. Nasdaq futures vs fair value: +10.50. The stock market fell to its eighth loss in 10 sessions yesterday, but market participants have offered a modest bid this morning. Their support comes despite sizable losses in Asia overnight, and flies in the face of continued failure by Greece to establish an elected government coalition. Still, the euro continues to encounter selling, although its 0.1% decline this morning is hardly drastic.

With earnings season winding down, corporate quarterly reports are attracting less attention overall. Last evening JC Penney (JCP 28.35, -4.97) posted earnings that came short of the consensus, but this morning both Target (TGT 55.95, +0.87) and Abercrombie & Fitch (ANF 42.85, -2.55) posted upside surprises. Deere (DE 77.80, +1.18) also bested expectations for its bottom line. Separately, first quarter holdings were unveiled by investment managers last evening; the disclosure of a new position in GM (GM 22.37, +0.95) by Berkshire Hathaway has shares of the automaker up nicely ahead of the open. Note: ticker quotes reflect premarket prices.

The economic calendar for today features monthly housing starts at 8:30 AM ET, monthly industrial production data at 9:15 AM ET, and minutes from the most recent FOMC meeting at 2:00 PM ET. Also in the mix is the latest weekly oil inventory count, which will be released at 10:30 AM ET. Currently, oil prices are down more than 1% to trade at less than $93 per barrel in electronic trade.

06:19 am : [BRIEFING.COM] S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: -0.50.

06:19 am : Nikkei...8801.17...-99.60...-1.10%. Hang Seng...19259.83...-634.50...-3.20%.

06:19 am : FTSE...5372.40...-65.20...-1.20%. DAX...6325.82...-75.20...-1.20%.

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)
@ http://twitter.com/wrbtrader, http://stocktwits.com/wrbtrader and http://chart.ly/users/wrbtrader

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