FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
E-Mini Dow
U.S. stock index futures rose in volatile trading on Tuesday, a day after Wall Street’s steepest fall since 1987, as drastic efforts to contain the coronavirus pandemic paralyzed parts of the economy and crushed business sentiment.
“It’s becoming clearer that at its peak the COVID-19 impact on the global economy will likely be worse than the peak of the global financial crisis,” said Jim Reid, a strategist at Deutsche Bank in Guildford, UK.
As governments in the United States and Europe start shutting restaurants and schools, as well as asking people to stay home, strategists are downgrading growth forecasts for the second quarter.
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Plan A : Continue to short as long as market stays below 20725. Targets are 20690, 20650 and 20645.
Plan B : Cut above 20760.
Plan C : Attempt to long only if market rebounds from 21140. Targets are 21175, 21215 and 21260.
Plan D : Cut below 21105.
Plan D : Cut below 21105.
E-Mini S&P 500
The Dow Jones Industrial Average rose 1,048.86 points, or 5.2 percent, to 21,237.38, the S&P 500 gained 143.06 points, or 6.00 percent, to 2,529.19 and the Nasdaq Composite added 430.19 points, or 6.23 percent, to 7,334.78.
The U.S. central bank relaunched a financial crisis-era purchase of short-term corporate debt to help companies be able to continue paying workers and buy supplies through the pandemic.
The move to buy back commercial paper followed several emergency measures taken by the Fed on Sunday, including slashing interest rates to near zero.
Also on Tuesday, the Trump administration pursued an $850 billion stimulus package to buttress the economy and mulled sending Americans $1,000 checks within two weeks.
The S&P 500 rose 6 percent on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
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Plan A : Long if market supported firm above 2415.25. Targets are 2436.25, 2450.50 and 2466.25.Plan B : Short if market rebounded but failed to support above 2415.25. Targets are 2395.50, 2380.25 and 2362.75.
E-Mini Nasdaq
Stock futures fell in early morning trading on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding.
As of around 1 a.m. ET, futures on the Dow fell 821 points, indicating a more than 1,000-point loss at Wednesday’s open. S&P 500 and Nasdaq-100 futures were also down.
Futures contracts for the indices were in “limit down” territory, a situation where trading is halted after they have hit a 5% loss and can go no lower.
Recent overnight trading of futures contracts have seen extreme volatility, leaving many investors to believe computer trading has exaggerated moves in the market’s collapse stemming from the coronavirus outbreak.
The movement comes amid historic highs on the Cboe Volatility Index, which closed above its 2008 financial crisis peak on Monday. That index looks at options prices for the S&P 500 and is also known as the “fear gauge” of Wall Street.
On Tuesday, the markets rebounded from their deepest rout since 1987 as investors grew hopeful that the Trump administration’s massive fiscal stimulus plans will rescue the economy, which is at risk of falling into a recession due to the coronavirus impact.
The White house is weighing a fiscal package of more than $1 trillion that includes direct payments to Americans and financial relief to small businesses and the airline industry. Treasury Secretary Steven Mnuchin also said corporations will be able to defer tax payments of up to $10 million while individuals could defer up to $1 million in payments to the Internal Revenue Service.
Stock futures fell in early morning trading on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding.
As of around 1 a.m. ET, futures on the Dow fell 821 points, indicating a more than 1,000-point loss at Wednesday’s open. S&P 500 and Nasdaq-100 futures were also down.
Futures contracts for the indices were in “limit down” territory, a situation where trading is halted after they have hit a 5% loss and can go no lower.
Recent overnight trading of futures contracts have seen extreme volatility, leaving many investors to believe computer trading has exaggerated moves in the market’s collapse stemming from the coronavirus outbreak.
The movement comes amid historic highs on the Cboe Volatility Index, which closed above its 2008 financial crisis peak on Monday. That index looks at options prices for the S&P 500 and is also known as the “fear gauge” of Wall Street.
On Tuesday, the markets rebounded from their deepest rout since 1987 as investors grew hopeful that the Trump administration’s massive fiscal stimulus plans will rescue the economy, which is at risk of falling into a recession due to the coronavirus impact.
The White house is weighing a fiscal package of more than $1 trillion that includes direct payments to Americans and financial relief to small businesses and the airline industry. Treasury Secretary Steven Mnuchin also said corporations will be able to defer tax payments of up to $10 million while individuals could defer up to $1 million in payments to the Internal Revenue Service.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Long only if market supported firm above 7130.25. Targets are 7172.25, 7199.75 and 7228.25.
Plan B : Short if market rebounded but failed to support above 7130.25. Targets are 7090.25, 7058.25 and 7029.75.
Plan A : Long only if market supported firm above 7130.25. Targets are 7172.25, 7199.75 and 7228.25.
Plan B : Short if market rebounded but failed to support above 7130.25. Targets are 7090.25, 7058.25 and 7029.75.
Plan B : Short if market rebounded but failed to support above 7130.25. Targets are 7090.25, 7058.25 and 7029.75.
HSI
HSI
Hong Kong stocks snapped four sessions of falls on Tuesday, with technology and financial sectors leading the recovery, as investors picked up battered shares while signs of limited strength in global markets also supported sentiment.
At the close of trade, the Hang Seng index rose 0.9% to 23,263.73.
Hong Kong stocks snapped four sessions of falls on Tuesday, with technology and financial sectors leading the recovery, as investors picked up battered shares while signs of limited strength in global markets also supported sentiment.
At the close of trade, the Hang Seng index rose 0.9% to 23,263.73.
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Plan A : Continue to short if market does not breach above 22147. Targets are 22072 and 21985. Cut above 22222.
Plan B : Long only if market tested and rebounds from 21200. Targets are 21305 and 21390. Cut below 21115.
WTI Crude
Oil dropped more than 6% to multi-year lows on Tuesday, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
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Plan A : Remain sell as long as oil price stays below 27.3
Plan B : Cut above 28.2
Plan C : Consider buying only if oil price able to support firmly above 26.2
Plan D : Cut below 25.8
Gold
Gold jumped on Tuesday as a five-session decline in the bullion market led bargain hunters out in force, with the Federal Reserve's announcement to relaunch financial crisis-era purchases of short term corporate debt offering further support.
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Plan A : Attempt buy if gold price holds firmly above 1528.6
Plan B : Cut below 1522
Plan C : Consider selling if gold price surges but fails to breach above 1547
Plan D : Cut above 1554
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.
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.
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