15 October 2019 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

U.S. stock index futures fell back on Monday as hopes of a quick resolution to the U.S.-China trade war were dashed by a report that China wanted more talks before signing a partial deal announced by President Donald Trump on Friday.

The Dow Jones indexes ended last week with their first increase in four after the partial trade deal was announced, with Trump saying it could take up to five weeks to get a pact written.

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Plan A : Continue to hold long as long as market stays firm above 26751
Plan B : Cut below 26720
Plan C : Attempt to short if market does not breach above 26827
Plan D : Cut above 26860

E-Mini S&P 500

A rare phenomenon with a great track record is taking place in the market and it shows that U.S. stocks offer much more value than bonds.

In August, the dividend yield for the S&P 500 index, at 1.89%, surpassed the yield of a 10-year Treasury, at 1.5%, for the first time since 2016. According to Bank of America, stocks have significantly outperformed bonds 94% of the time 12 months out after this has happened.

Stocks closed slightly lower on Monday as new worries around a U.S.-China trade agreement emerged. The S&P 500 dipped 0.14% or -4.12 points to 2,966.15. 

The S&P 500 (2,970.27 on October 11) is up 26.6% from its December 26 intraday low of 2,346.58 and set its all-time intraday high of 3,027.98 on July 26. The S&P is now 1.9% below its high. 

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Plan A : Sell if market resisted around 2980.50. Targets are 2965.25, 2954.50 and 2943.75.
Plan B : Buy if market retraced but supported firm above 2947.50. Targets are 2962.50, 2973.25 and 2981.75.

E-Mini Nasdaq

Monday’s moves came after a surge for stocks in the previous session. Market eventually ended lower towards day end. The Nasdaq Composite also slipped 0.1%, -8.39 points to 8,048.65.

CNBC learned through a source that China wants to have additional trade talks before signing what President Donald Trump characterized Friday as a “very substantial phase one deal.” It is not clear if the additional talks will take place in Beijing or Washington, however, Bloomberg News first reported the news.

The Nasdaq Composite (8,057.04 on October 11) is up 30.2% from its December 24 intraday low of 6,190.17 and set its all-time intraday high of 8,339.64 on July 26. The Nasdaq is 3.4% below the high.
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Plan A : Sell if market failed to support above 7881.25. Targets are 7840.25, 7811.50 and 7779.75.
Plan B : Buy only if market retraced but supported firm above 7770.25. Targets are 7810.50, 7839.50 and 7868.75.

HSI

Hong Kong stocks rose on Monday as investors cheered signs of progress in the Sino-U.S. trade talks, although worries about prospects of a durable deal between the two economic power houses and China’s economic health capped the upside.

The Hang Seng index added 1.0%, to 26,578.4.

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Plan A : Above 26760, do nothing
Plan B : Below 26296, do nothing
Plan C : Consider to short if market does not breach above 26674
Plan D : Cut above 26760
Plan E : Consider buying if market does not break below 26373
Plan F : Cut below 26296

WTI Crude

Oil prices fell sharply on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a trade relations thaw that had helped lift crude markets at the end of last week.

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Plan A : Attempt selling if oil price stays trading below 53.66

Plan B : Cut above 53.80

Plan C : Consider buying if oil price retraces but supports firmly above 53.0

Plan D : Cut below 52.70

Gold

Gold gained on Monday as optimism over a potential U.S.-China trade deal waned.

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Plan A : Attempt buy if gold price stays firm above 1490

Plan B : Cut below 1482.7

Plan C : Consider selling if gold price surges but fails to breach above 1498.7

Plan D : Cut above 1503.3

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.