20 August 2019 Foreign

FUTURESCOIN IS GOING GLOBAL TODAY

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

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E-Mini Dow

Wall Street was set for sharp gains at open on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions. 

The latest stimulus for the world’s second-largest economy follows news of potential German economic easing on Friday, which helped major indexes end the session more than 1% higher.

A bond market rally last weak sparked by fears of a slowdown following the inversion of the yield curve eased further on Monday with U.S. Treasury yields rising across the board, helping futures higher.

At 8:44 a.m. ET, Dow e-minis were up 281 points, or 1.08%.

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Plan A : Attempt to go long if market stays firm above 25989
Plan B : Cut below 25956. Targets seen at 26034, 26079 & 26125.
Plan C : Consider selling if falls below 26126
Plan D : Cut above 26157. Targets seen at 26091, 26046 & 26001.

E-Mini S&P 500

U.S. stocks rallied on Monday, lifted by encouraging comments from President Donald Trump and other officials on trade talks, along with a move by China over the weekend to lower borrowing costs for companies.

The S&P 500 index gained +1.21%, added 34.97 points to close at 2923.65 as the energy and tech sectors outperformed. The session marks a second straight day of sharp gains, after Friday when the S&P 500 index added 41.08 points, or 1.4%.

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Plan A : Buy if market supported firm above 2901.25. Targets are 2917.25, 2926.50 and 2937.25.
Entry : Above 2909.75, do not enter.

Plan B : Sell if market failed to support above 2901.25. Targets are 2886.50, 2877.50 and 2866.75.
Entry : Below 2893.75, do not enter.

E-Mini Nasdaq

Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recession. Equities also got a boost after the U.S. agreed to extend a temporary reprieve to Chinese telecom giant Huawei.

The Nasdaq Composite Index advanced 106.82 points, or 1.4%, to finish at 8002.81. The total shares traded for the Nasdaq was over 1.83 billion. Advancers stocks led declining by 2.42 to 1 ratio.

The Nasdaq 100 index closed up 1.52% for the day; a total of 115.21 points. MercadoLibre Inc. had the largest percent change down, -3.39% while Baidu Inc. had the largest percent change gain rising 7.78%.
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Plan A : Sell if market failed to support above 7734.25. Targets are 7694.50, 7663.75 and 7630.75.
Entry : Below 7719.75, do not enter.

Plan B : Buy only if market supported firm above 7734.25. Targets are 7774.25, 7804.75 and 7834.50.
Entry : Above 7749.25, do not enter.

HSI

Hong Kong stocks climbed more than 2% on Monday amid a broad upbeat investor mood, posting their best session in two months, bolstered by Beijing’s reforms to help steer borrowing costs lower for companies and support businesses.

Hopes major economies will seek to prop up slowing growth with fresh stimulus have helped ease some of the recessionary fears unleashed in markets last week.

The Hang Seng index ended up 2.2% at 26,291.84.

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Plan A : Above 26712, do nothing
Plan B : Below 25980, do nothing
Plan C : Attempt buying if market trades firmly above 26207
Plan D : Cut below 26115
Plan E : Consider selling if market surge but fails to breach above 26627
Plan F : Cut above 26712

WTI Crude

Oil prices rose on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi forces and as traders looked for signs that top economic would take measures to counteract a global slowdown.

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Plan A : Remain buy as long as oil price stays firm above 55.7

Plan B : Exit below 55.3

Plan C : Consider selling only if oil price surges but fails to breach above 56.4

Plan D : Cut above 56.9

Gold

Gold prices fell more than 1% on Monday as concerns eased that major economies could tip into recession , boosting investors' affinity for risk and detracted from bullion's safe haven allure.

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Plan A : Attempt buying if gold price corrects but holds resiliently above 1492.2

Plan B : Cut below 1487.7

Plan C : Consider selling if gold price recovers but fails to breach above 1500

Plan D : Cut above 1510

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 correctaysion, 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.