Monday, July 29, 2019

29 July 2019 Foreign

FUTURESCOIN IS GOING GLOBAL TODAY


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq



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E-Mini Dow

On Friday, Dow Jones Industrial Average edged up 51.47 points, or 0.2%, to 27192.45. 

U.S. stock index futures were slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade. At around 03:15 a.m. ET, Dow futures dipped 28 points, indicating a negative open of more than 43 points.

Seven of the 30 Dow Jones industrial average components are scheduled to report their latest quarterly reports this week namely Apple, Chevron, Exxon, Pfizer, Verizon, Merck and P&G. The Dow is just off its all-time high, while earnings season is getting into full swing, and some investors may be looking to up the ante if this pattern keeps up.

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Pla
n A : Attempt long if market retraced then later supported  firm above 26903.
Plan B : Cut below 26873. Targets at 26980, 27040 & 27100.
Plan C : Consider to short if market failed to support above 27150. 
Plan D : Cut above 27180.Targets at 27070, 27010 and 26950.


E-Mini S&P 500

The Nasdaq Composite and the S&P 500 hit record highs as strong earnings and healthy growth in GDP buoyed stocks across the board. The S&P 500 rose 22.9 points, or 0.7% to 3025.86, notching its 13th record of the year.

Twitter Inc., Coca-Cola Co. and McDonald's Corp. rose on Friday after upbeat earnings reports this week. Alphabet's massive gain on Friday didn't manage to move it up the list of the biggest companies - it remained fourth in the S&P 500, behind Microsoft, Apple and Amazon.

S&P 500 futures fell modestly on Sunday night. Fed rate cut hopes, China trade news and strong earnings have fueled a strong market rally.

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Plan A : Sell if market failed to support above 3019.5. Targets are 3009.50, 2999.50 and 2989.50.
Entry tip : Below 3014.25, do not enter.

Plan B : Buy if market retraced but supported above 2989.50. Targets are 3009.50, 3016.00 and 3025.25.
Entry tip : Above 2994.75, do not enter.



E-Mini Nasdaq

Friday's session closed with the Nasdaq Composite Index reaching a historical high. The tech-heavy Nasdaq Composite gained 91.67 points, or 1.1%, to 8330.21, its 10th record of 2019. Nasdaq finished the week with gain of 2.3%.

The total shares traded for the Nasdaq was over 1.91 billion. Advancers stocks led declining by 2.31 to 1 ratio. Xilinx Inc. has the largest percent change down of 5.35% while Alphabet Inc. had the largest percentage gain of 10.45%.

Market focus is largely attuned to the Federal Reserve, with policymakers at the U.S. central bank set to announce a quarter-point rate cut on Wednesday.

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Plan A : Sell if market failed to support above 8006.75. Targets are 7948.25, 7906.75 and 7866.25.
Entry tip : Below 7990.75, do not enter.

Plan B : Buy only if market retraced but supported firm above 7894.00. Targets are 7952.25, 7990.75 and 8028.25.
Entry tip : Above 7909.25, do not enter.


Hang Seng / HSI Warrant
Hong Kong stocks hit a more than one-month low amid unrest. The Hang Seng index dropped 1.2% to 28,056.83 points first session close this morning. Hong Kong police clashed with thousands of protesters on Sunday as they sought to defend China's main representative office from crowds seething over what many see as an increasing cycle of violence against them.

China stocks slipped on Monday after soft data fueled concerns that a slowdown in manufacturing from bruising trade war will drag on economic growth, while investors harboured low expectations over an upcoming Sino-U.S. trade negotiation.


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After Hour Trade

Plan A : Above 28300, do nothing
Plan B : Below 28100, do nothing
Plan C : Attempt selling if market rebounded but resisted around 28216
Plan D : Cut above 28296
Plan E : Consider buying only if market supported firm above 28216
Plan F : Cut below 28136


WTI Crude

Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East.
U.S. West Texas Intermediate crude was down by 9 cents, or 0.2%, at $56.11 a barrel. WTI gained 1% last week.

Economic growth in the United States slowed less than expected in the second quarter with a boom in consumer spending, strengthening the outlook for oil consumption.



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Plan A : Attempt selling if oil price stays below 56.2
Plan B : Cut above 57.2
Plan C : Consider buying if oil price stays firm above 56.2
Plan D : Cut below 55.2



Gold

Gold prices steadied on Monday ahead of a U.S. Federal Reserve meeting later in the week where markets will watch for indications of monetary easing in the world's largest economy.

Spot gold was up 0.2% at $1,419.91 per ounce as of 0456 GMT. Prices had dropped about half a percent in the previous week, pressured by dollar strength and robust U.S. economic data.

U.S. gold futures were little changed at $1,419.80 an ounce.



To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.

Plan A : Buy only if gold prices retraced but supported firm above 1390.70
Plan B : Cut below 1385.80
Plan C : Consider selling if gold price fails to support above 1429.10
Plan D : Cut above 1434.10



Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

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