Wednesday, April 29, 2020

30 April 2020 BMD

 We are expanding to global markets. 
 See next article for the trade plan.

LOCAL MARKET

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FKLI

FKLI seems trying to form several support levels from 1370's to 1380's as the buyers are struggling to bring the market to their favors and fighting off the selling pressure and giving market a firm close yesterday at 1384.

The market would probably have a firmer opening as the overnight Dow rose for more than 500-points.

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May Contract
Plan A : Short if market recovers but does not breach above 1391. Targets are 1388, 1384 and 1381.
Plan B : Cut above 1395.
Plan C : Long if market rebounds from 1385. Targets are 1389, 1392 and 1395.
Plan D : Cut below 1381.



FCPO

FCPO opened higher this morning, rebounding from the lost ground. The prices remain well supported through mid-afternoon. Dalian closed +100 ended 4462 while soybean oil is +0.13. Ringgit strengthen against the greenback at RM4.30.

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Plan A : Short if market failed to support above 2079. Targets are 2056 and 2031.
Plan B : Long if market supported firm above 2079. Targets are 2091 and 2112.





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.

30 April 2020 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 rose on Wednesday, bolstered by solid earnings reports from Google-parent Alphabet and Boeing that provided some optimism as the country moved cautiously to ease lockdowns, while investors braced for data which could reveal a sharp contraction in the domestic economy.
Wall Street’s main indexes closed down on Tuesday, as investors shifted out of growth stocks and into more value-oriented cyclical companies.
But the main indexes have recovered 30% from their lows in March, boosted by aggressive stimulus efforts and, more recently, hopes of an economic revival as states begin to relax lockdown measures.
The U.S. economy likely contracted in the first quarter at its sharpest pace since the Great Recession as strict lockdown measures curbed consumer activity, ending the longest expansion in the nation’s history.

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Plan A : Short if market fails to breach above 24605. Targets are 24560, 24505 and 24450.
Plan B : Cut above 24660.
Plan C : Long if market tested and rebounds from 24575. Targets are 24630 and 24685.
Plan D : Cut below 24530.


E-Mini S&P 500


The overnight moves followed a bounce in U.S. equities during normal trading hours on Wednesday that put the S&P 500 up more than 13% for the month and on track for its biggest one-month gain since 1974.


The Dow rose 532.31 points, or 2.2%, to 24,633.86 during Wednesday’s session. The S&P 500 gained 2.66% to 2,939.51 while the Nasdaq Composite closed 3.57% higher at 8,914.71.


Investors cited developments at Gilead Sciences for the market’s pop during Wednesday’s session after the biotech company reported positive results from two tests that showed its drug remdesivir could be a Covid-19 treatment. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said remdesivir shows a “clear-cut” positive effect when treating the virus. 

U.S. traders will on Thursday pore over the Labor Department’s latest report on jobless claims. Another 3.5 million workers are expected to have filed for benefits last week, which would bring the total number of Americans seeking unemployment benefits over the last six weeks to about 30 million.

The Labor Department’s prior jobless claims report — released April 23 — showed the number of Americans who had filed for unemployment insurance benefits over the previous five weeks was 26.45 million.

That number exceeded the 22.442 million positions added to the American economy since November 2009, when the U.S. economy began to add jobs back to the economy after the Great Recession.

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Plan A : Short if market failed to support above 2942.50. Targets are 2915.25, 2894.75 and 2871.25.
Plan B : Long if market doesn't retrace much and supported firm above 2942.50. Targets are 2965.25, 2990.75 and 3007.75.



E-Mini Nasdaq


Futures contracts tied to the major U.S. stock indexes were little changed in the overnight session Wednesday evening as both Facebook and Microsoft rallied after each issued better-than-expected revenue projections in their earnings reports.


Dow futures ticked up 20 points, but implied an opening gain of around 59 points. S&P 500 and Nasdaq-100 futures also pointed to slight Thursday opening gains.

Both Facebook and Microsoft equity climbed in after-hours trading Wednesday evening after each reported promising revenue figures despite the global coronavirus outbreak.

Facebook soared more than 10% in the overnight session after it reported that, after an initial “significant” pullback in advertising revenues in March thanks to Covid-19, it’s seen sales stabilize in the first three weeks of April. It reported first-quarter per-share earnings of $1.71 and revenues of $17.74 billion.

Microsoft rose about 2.15% in after-hours trading after the company reported fiscal third-quarter sales growth of 15% thanks to growth in its cloud business. The software giant said in a statement that the disease "had minimal net impact on the total company revenue" in the three months ended March 31, but cautioned that “effects of COVID-19 may not be fully reflected in the financial results until future periods.” 

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Plan A : Short if market failed to support above 9077.25. Targets are 9035.25, 9002.25 an d 8974.25.
Plan B : Long if market supported firm above 9077.25. Targets are 9110.25, 9132.75 and 9167.50.



WTI Crude

Oil prices jumped more than 20% on Wednesday after data showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.

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Plan A : Attempt buy as long as oil price stays firm above 14.9
Plan B : Cut below 14.4
Plan C : Consider selling if oil price surges but fails to breach and holds firm above 16.0
Plan D : Cut above 16.8



Gold

Gold fell on Wednesday as optimism around the easing of coronavirus-led lockdowns and hopes of a potential treatment drug propped up risk assets, while the U.S. Federal Reserve promised to keep interest rates near zero until it is comfortable that the U.S. economy is back on its feet and full employment has returned.

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Plan A : Attempt buy if gold price trades firmly above 1709
Plan B : Cut below 1704
Plan C : Consider selling if gold price falls below 1709
Plan D : Cut above 1718




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.

Tuesday, April 28, 2020

29 April 2020 BMD

We are expanding to global markets. 
See next article for the trade plan.

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
https://www.facebook.com/Futurescoin-1564520737153902/

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 Click here to contact us : https://goo.gl/B6Dccf 



FKLI

FKLI continued to flatten along the lines despite it once had a breakthrough to below 1370's but the market struggled to climb back above support levels and consolidated. 

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Plan A : Short if market does not breach above 1382.5. Targets are 1379, 1375 and 1371.
Plan B : Cut above 1387.
Plan C : Long if market trades above 1373. Targets are 1377, 1381 and 1385.
Plan D : Cut below 1368.



FCPO
FCPO regain from the lost ground yesterday and traded well above 2020's through the mid-afternoon session. Dalian closed +20 ended 4346 while soybean oil -0.01. Ringgit stays at RM4.34 against the greenback.


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Plan A : Long if market supported firm above 2033. Targets are 2058 and 2082.

Plan B : Short if market failed to support above 2033. Targets are 2008 and 1982.




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.

29 April 2020 Foreign

FUTURESCOIN IS GOING GLOBAL


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

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.


Click here to contact us : https://goo.gl/B6Dccf 


E-Mini Dow

U.S. stock index futures rose on Tuesday after a round of quarterly earnings reports brought upbeat signs from Pfizer and respiratory mask-maker 3M for investors increasingly hopeful of a relaunch of business across the economy.
Wall Street has recovered more than 30% from its March lows, rescued by official stimulus efforts and, more recently, by signs states were moving to let businesses reopen after a near total halt in activity. 
Consumer confidence figures for April due later in the day are expected to slide further from near three-year lows hit in March, as widespread production halts put millions of Americans out of work.
Investors are also watching a two-day Federal Reserve policy meeting that kicks off on Tuesday, although expectations are low for more central bank easing at this time.
The CBOE volatility index, a measure of investor anxiety, fell on Tuesday and hovered near two month lows, indicating a risk-on sentiment. 


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Plan A : Short if market fails to breach above 24200. Targets are 24160, 24115 and 24060.
Plan B : Cut above 24245.
Plan C : Long if market trades firmly above 24090. Targets are 24135 and 24190.
Plan D : Cut below 24050.



E-Mini S&P 500


Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.
The Dow fell 32.23 points, or 0.13%, to 24,101.55, the S&P 500 lost 15.09 points, or 0.52%, to 2,863.39 and the Nasdaq Composite dropped 122.43 points, or 1.4%, to 8,607.73.
Wall Street has recovered more than 30% from its March lows, thanks to aggressive stimulus efforts and, more recently, on signs of states moving toward partial reopening.
Still, the benchmark S&P 500 index remains 17% away from reclaiming a record high hit in February and analysts have warned of further declines if a deep global recession sets in.
Latest data showed U.S. consumer confidence tumbled in April as the lockdown measures crushed economic activity and threw millions of Americans out of work. Focus now turns to U.S. first-quarter GDP figures due Wednesday, with economists expecting a contraction of 4%.
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Plan A : Long if market doesn't retrace much and supported firm above 2892.50. Targets are 2915.25, 2936.75 and 2958.75.
Plan B : Short if market failed to support above 2892.50. Targets are 2867.25, 2844.25 and 2825.50.



E-Mini Nasdaq

Stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight.

Futures on the Dow traded 144 points higher, implying a Wednesday opening gain of 193 points. S&P 500 and Nasdaq futures also pointed to Wednesday opening gains for the two indexes.

All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from corona virus crisis.

While no one is expecting any change to its benchmark interest rate, the Fed could potentially adjust the rate on bank reserves and announce asset purchases targeted toward driving down longer-term rates.

Another big market catalyst on Wednesday will be a reading on real gross domestic product at 8:30 a.m. ET. Economists surveyed by Dow Jones forecast the U.S. economy shrank by 3.5% in the first quarter as the pandemic disrupted economic activities. U.S. GDP grew by 2.1% in the fourth quarter.

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Plan A : Long if market supported firm above 8813.25. Targets are 8855.25, 8880.75 and 8912.75.
Plan B : Short if market failed to support above 8813.25. Targets are 8775.25, 8745.25 and 8710.75.


HSI

Hong Kong shares on Tuesday climbed to their highest level in more than a week, as the financial hub showed some signs of returning to normalcy with civil servants set to head back into offices after the government eased lockdown restrictions.

At the close of trade, the Hang Seng index was up 1.2% at 24,575.96, having reached its highest level since April 17 during the session.

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Plan A : Short if market trades below 24789. Targets are 24704 and 24619. Cut above 24875.


Plan B : Long if market rebounds from 24534. Targets are 24609 and 24705. Cut below 24445.


WTI Crude

Oil alternated between gains and losses in a volatile trading session that at one point saw U.S. crude drop more than 20%. Traders continue to eye dwindling storage capacity worldwide, although some of the losses were offset by optimism around reopening of economies.

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Plan A : Attempt buy if oil price able to trade firmly above 13.1
Plan B : Cut below 12.6
Plan C : Consider selling if oil price surges but fails to breach above 13.9
Plan D : Cut above 14.8


Gold

Gold fell to a one-week low on Tuesday as investors took profits, with bullion further weighed down by upbeat plans in some countries to lossen restrictions put in place due to the coronavirus.

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Plan A : Attempt buy if gold price trades firmly above 1709
Plan B : Cut below 1704
Plan C : Consider selling if gold price falls below 1709
Plan D : Cut above 1718



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.

Monday, April 27, 2020

28 April 2020 BMD

We are expanding to global markets. 
See next article for the trade plan.

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
https://www.facebook.com/Futurescoin-1564520737153902/

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 Click here to contact us : https://goo.gl/B6Dccf 



FKLI

FKLI continued to be consolidated for nearly the whole session yesterday as most of the regional markets were moving flat too. Temporary supports were formed and got to see if they are really supported to lead the market.

Market is expected to open firmer today after Dow gained more than 3500-points last night.


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

Plan A : Short if market tested 1387 but does not breach above it. Targets are 1384, 1380.5 and 1376.
Plan B : Cut above 1391.
Plan C : Long if market rebounds from 1383. Targets are 1387, 1391 and 1395.
Plan D : Cut below 1379.



FCPO

FCPO flattened today after a dive below 2000's since morning. Dalian closed -6 ended 4324 while soybean oil  -0.12. Ringgit stays at RM4.36 against the greenback.

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

Plan A : Long if market supported firm above 2024. Targets are 2048 and 2069.
Plan B : Short if market rebounded but failed to support above 2024. Targets are 2001 and 1979. 



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.

28 April 2020 Foreign

FUTURESCOIN IS GOING GLOBAL


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

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.


Click here to contact us : https://goo.gl/B6Dccf 


E-Mini Dow

U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week.
A late session rally for tech majors had helped Wall Street end higher on Friday, with sentiment also getting a boost as Georgia became the first state to ease restrictions despite disapproval from President Donald Trump and health experts.


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Plan A : Short if market does not breach above 24127. Targets are 24082, 24032 and 23975.
Plan B : Cut above 24177.
Plan C : Long if market trades firmly above 24030. Targets are 24085 and 24140.
Plan D : Cut below 23980.


E-Mini S&P 500

The Dow scored its fourth straight session of gains Monday, as several countries and U.S. states began to ease their coronavirus lockdowns or outlined plans to moderate restrictions. Investors also braced for a deluge of first-quarter earnings reports and tracked continued weakness in crude oil.

The Dow Jones Industrial Average advanced 358.51 points, or 1.5%, to end at 24,133.78. The S&P 500 rose 41.74 points, or 1.5%, to finish at 2,878.48. The Nasdaq Composite climbed 95.64 points, or 1.1%, closing at 8,730.16.
Investors are also digesting the busiest week of earnings season, with 145 S&P 500 companies reporting between Monday and Friday. A quarter of the way through earnings season companies have proved the coronavirus is weighing heavy on corporate profits.
Alphabet, Ford and Starbucks all release quarterly earnings on Tuesday. PepsiCo, 3M, Caterpillar, Southwest Air, Merck & Co., Pfizer, UPS and Advanced Micro Devices are also slated to report. 

Consumer confidence will be released at 10 am E.T. on Tuesday. Economist polled by Dow Jones are expecting a read of 92 in April, down from March’s read of 120. 

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Plan A : Long if market doesn't retrace much and supported firm above 2871.50. Targets are 2895.25, 2912.50 and 2936.50.
Plan B : Short if market failed to support above 2871.50. Targets are 2845.25, 2824.50 and 2806.25.


E-Mini Nasdaq


U.S. stock futures were flat in Tuesday early morning trade, as oil prices continued to fall after plunging Monday.

Dow futures were up 5 points, but indicated a Tuesday opening decline of about 23 points. S&P 500 and Nasdaq futures also pointed to a little changed Tuesday open for the two indexes.

The moves came as oil prices continued to sell off. US WTI crude for June delivery plunged 13.22% to $11.09 per barrel following a more than 24% decline on Monday. The international benchmark Brent crude futures contract also shed 4.4% to $19.11 per barrel. Oil prices have come under pressure in recent weeks as concerns mount over declining storage capacity.

But a partial reopening of the economy — in Alaska, Georgia, South Carolina, Tennessee, Texas and others — had earlier boosted investor sentiment, with certain U.S. businesses poised to benefit from the first wave of consumers emerging from the coronavirus driven quarantine. 

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Plan A : Long if market doesn't retrace much but supported firm above 8841.50. Targets are 8879.50, 8908.50 and 8941.25.
Plan B : Short if market failed to support above 8841.50. Targets are 8800.75, 8769.75 and 8738.50.


HSI

Hong Kong shares climbed on Monday, in line with global peers, as hopes for a fresh rollout of stimulus measures from major central banks to cushion the economic impact of the coronavirus underpinned sentiment.

At the close of trade, the Hang Seng index was up 448.81 points or 1.88% at 24,280.14.

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Plan A : Short if market stays below 24689. Targets are 24604 and 24515. Cut above 24765.
Plan B : Long if market rebounds from 24333. Targets are 24418 and 24503. Cut below 24248.



WTI Crude

U.S. oil prices plunged nearly 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand. WTI for June delivery fell 24.56% or $4.16 to settle at $12.78 per barrel, after earlier trading as low as $11.88.

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Plan A : Attempt sell if oil price stays below 12.7
Plan B : Cut above 13.1
Plan C : Consider buying only if oil price able to hold above 11.8
Plan D : Cut below 11.2



Gold

Gold fell on Monday as U.S. Treasury yields rose and plans by many countries to ease coronavirus-induced lockdowns whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support.

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Plan A : Attempt buying as long as gold price stays above 1709
Plan B : Cut below 1702
Plan C : Consider selling if gold price fails to climb and stays firm above 1724
Plan D : Cut above 1730





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.

29 April 2024 Foreign

                WTI Crude, Gold, HSI, Dow,  S&P 500 and Nasdaq If you like what we are doing, kindly like and share our page on FB. Foll...