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 fell over 2% on Friday, a day after the Dow posted the best three-day run since the early 1930s, as the United States faced the prospect of becoming the next global epicenter of the coronavirus pandemic.
Despite a jittery start to the week, all three major indexes have so far jumped between 13.3% and 17.6%, powered by unprecedented policy easing by the U.S. Federal Reserve and hopes of a $2.2 trillion government stimulus aid bill.
The Dow Jones Industrial Average is now up more than 20% from its intra-day low this week, technically establishing a bull market.
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Plan A : Attempt to short if market stays below 21420. Targets are 21385, 21345 and 21300.
Plan B : Cut above 21455.
Plan C : Long only if market stays above 21420. Targets are 21455, 21495 and 21540.
Plan D : Cut below 21385.
Plan D : Cut below 21385.
E-Mini S&P 500
U.S. stock futures shed gains to fall back into negative territory early Monday morning in volatile trading after last week’s sharp gains, even as the number of coronavirus cases in the U.S. continues to rise at an alarming rate.
At around 3:19 a.m. ET, Dow futures were down 89 points, pointing to an implied fall of about 161.78 points at the Monday open. S&P 500 futures and Nasdaq 100 futures also pointed to a lower open for the two indexes on Monday. The moves came as crude prices fell sharply. Earlier, futures made a recovery to point to Monday opening gains.
The Dow last week posted its biggest weekly gain since 1938, surging more than 12%. The S&P 500 and Nasdaq are coming off their best week since 2009, after rising 10.3% and 9.1%, respectively. To be sure, it was a volatile ride for investors. The S&P 500 posted daily swings of at least 2.9% in four of the five sessions. That includes a 3.4% drop on Friday for the S&P 500.
U.S. stock futures shed gains to fall back into negative territory early Monday morning in volatile trading after last week’s sharp gains, even as the number of coronavirus cases in the U.S. continues to rise at an alarming rate.
At around 3:19 a.m. ET, Dow futures were down 89 points, pointing to an implied fall of about 161.78 points at the Monday open. S&P 500 futures and Nasdaq 100 futures also pointed to a lower open for the two indexes on Monday. The moves came as crude prices fell sharply. Earlier, futures made a recovery to point to Monday opening gains.
The Dow last week posted its biggest weekly gain since 1938, surging more than 12%. The S&P 500 and Nasdaq are coming off their best week since 2009, after rising 10.3% and 9.1%, respectively. To be sure, it was a volatile ride for investors. The S&P 500 posted daily swings of at least 2.9% in four of the five sessions. That includes a 3.4% drop on Friday for the S&P 500.
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Plan A : Short if market failed to support above 2532.50. Targets are 2510.25, 2492.25 and 2470.25.
Plan B : Long if market supported firm above 2532.50. Targets are 2550.25, 2571.75 and 2590.75.
Plan A : Short if market failed to support above 2532.50. Targets are 2510.25, 2492.25 and 2470.25.
Plan B : Long if market supported firm above 2532.50. Targets are 2550.25, 2571.75 and 2590.75.
Plan B : Long if market supported firm above 2532.50. Targets are 2550.25, 2571.75 and 2590.75.
E-Mini Nasdaq
U.S. stock index futures erased earlier gains and dropped again in a volatile session as concerns over the coronavirus keep mounting.
Contacts on the S&P 500 expiring in June were down 0.5% as of 9:30 a.m. in London. They rose as much as 1.7% earlier after China’s rate cut on seven-day reverse repurchase agreements. As part of the stimulus, the People’s Bank of China injected 50 billion yuan ($7.1 billion) into the banking system.
In the U.S., a top infectious disease expert said deaths from coronavirus may reach 200,000, while President Donald Trump abandoned his ambition to return American to normal life by Easter. Total cases in the world topped 723,000 and 34,000 dead.
In Europe, the Stoxx 600 Index tumbled 1.7% as oil prices collapsed an a number of banks postponed their dividends.
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Plan A : Short if market rebounded but resisted around 7601.25. Targets are 7562.25, 7535.50 and 7502.75.
Plan B : Long if market supported firm above 7601.25. Targets are 7640.25, 7669.25 and 7698.25.
Plan B : Long if market supported firm above 7601.25. Targets are 7640.25, 7669.25 and 7698.25.
HSI
HSI
Hong Kong stocks rose on Friday to finish the week higher, joining a global rally as investors bet policymakers will roll out more measures to counter the economic impact of the coronavirus outbreak.
The Hang Seng index rose 0.6%, to 23,484.28. For the week, HSI climbed 3% and snapping a two-week sell-off.
Hong Kong stocks rose on Friday to finish the week higher, joining a global rally as investors bet policymakers will roll out more measures to counter the economic impact of the coronavirus outbreak.
The Hang Seng index rose 0.6%, to 23,484.28. For the week, HSI climbed 3% and snapping a two-week sell-off.
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Plan A : Consider to short if market does not breach above 23035. Targets are 22950 and 22825. Cut above 23120.
Plan A : Consider to short if market does not breach above 23035. Targets are 22950 and 22825. Cut above 23120.
Plan B : Long if market rebounds from 23035. Targets are 23120 and 23205. Cut below 22950.
WTI Crude
Oil prices dropped nearly 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.
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Plan A : Remain sell if oil price remain trading below 21.0
Plan B : Exit above 21.8
Plan C : Consider buying if oil price able to trade firmly above 20.5
Plan D : Cut below 19.9
Gold
Gold fell on Friday on caution ahead of the weekend, but prices were set to post their biggest weekly gain since 2008 as economic damage expected from the coronavirus boosted bullion's safe-haven appeal.
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Plan A : Buy if gold price trades firmly above 1624.3
Plan B : Cut below 1611
Plan C : Consider selling if gold price surges but fails to breach above 1635.4
Plan D : Cut above 1644.8
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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