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 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.
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.
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.
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.
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.
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.
HSI
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.
Plan B : Long if market rebounds from 24534. Targets are 24609 and 24705. Cut below 24445.
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.
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.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
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.
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
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