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 about 1% on Friday as investors wagered on a bounce back in post-pandemic economic activity, shrugging off the daily increase in new coronavirus infections in several states.
Risk of a resurgence of the virus outbreak has led to choppy trading sessions this week, but the the main stock index is set to wrap up the week higher after a strong retail sales report for May and signs of additional official stimulus.
The blue-chip Dow is now about 12% below their respective record closing highs hit in February.
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Plan A : Short if market fails to break above 25735. Targets are 25690 and 25635.
Plan B : Cut above 25780.
Plan C :Long if market tested and rebounds from 25432. Targets are 25477 and 25522.
Plan D : Cut below 25385.
Plan D : Cut below 25385.
E-Mini S&P 500
U.S. stock indexes on Friday fell mainly on the news of the coronavirus after posting strong gains earlier in the trading.
The recent coronavirus uptick in some states led Apple to re-close some of its stores. Meanwhile, a trade group said cruise lines voluntarily suspended all trips until Sept.15.
However, all major indicators ended the week in positive territory: the S&P 500 gained 1.8%, Dow Jones -1%, Nasdaq 3.7%.
Investor optimism in early trading on Friday was helped by Bloomberg on Beijing’s plans to increase purchases of American agricultural products to complete the first phase of a trade agreement with the United States.
The S&P 500 has ripped more than 41% higher since hitting an intraday low on March 23. For the quarter, the broader market index is up nearly 20%.
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Plan A : Long if market doesn't retrace much and supported firm above 3065.25. Targets are 3089.25, 3112.50 and 3137.25.
Plan B : Short if market failed to support above 3065.25. Targets are 3040.25, 3019.50 and 3000.25.
Plan B : Short if market failed to support above 3065.25. Targets are 3040.25, 3019.50 and 3000.25.
E-Mini Nasdaq
U.S. stock futures rose early Monday morning following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak.
The major U.S. stock average are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week while the Nasdaq Composite advanced over 3%.
The Nasdaq managed to recoup losses and ended the session just above the closing level of the previous trading session.
News of the Federal Reserve buying corporate bonds along with a record spike in U.S. retail sales lifted sentiment on Wall Street last. Expectations of an economic recovery also pushed up stock prices.
However, the number of newly confirmed coronavirus cases continues to increase, raising questions about the recovery.
The U.S. reported more than 30,000 additional coronavirus cases on Friday, the highest number of confirmed one-day infections since May 1, data compiled by Johns Hopkins University showed. Nevada, Florida, California and Arizona have also reported record-high single-day infections.
U.S. stock futures rose early Monday morning following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak.
The major U.S. stock average are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week while the Nasdaq Composite advanced over 3%.
The Nasdaq managed to recoup losses and ended the session just above the closing level of the previous trading session.
News of the Federal Reserve buying corporate bonds along with a record spike in U.S. retail sales lifted sentiment on Wall Street last. Expectations of an economic recovery also pushed up stock prices.
However, the number of newly confirmed coronavirus cases continues to increase, raising questions about the recovery.
The U.S. reported more than 30,000 additional coronavirus cases on Friday, the highest number of confirmed one-day infections since May 1, data compiled by Johns Hopkins University showed. Nevada, Florida, California and Arizona have also reported record-high single-day infections.
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Plan A : Long if market doesn't retrace much and supported firm above 9977.50. Targets are 10010.25, 10040.50 and 10071.50.
Plan B : Short if market failed to support above 9977.50. Targets are 9945.25, 9917.25 and 9882.50.
HSI
HSI
Hong Kong stocks firmed on Friday to conclude the week higher, as Beijing reassured investors of fresh reforms and ample financial liquidity to bolster its economy and capital markets.
At the close of trade, the Hang Seng index was up 178.95 points or 0.73% at 24,643.89.
Hong Kong stocks firmed on Friday to conclude the week higher, as Beijing reassured investors of fresh reforms and ample financial liquidity to bolster its economy and capital markets.
At the close of trade, the Hang Seng index was up 178.95 points or 0.73% at 24,643.89.
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Plan A : Attempt short if market falls below 24451. Targets are 24375 and 24290. Cut above 24525.
Plan B : Attempt to long if market tested and rebounds from 24375. Targets are 24450 and 24535. Cut below 24305.
WTI Crude
Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound.
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Plan A : Remain buy as long as oil price stays above 39.1
Plan B : Exit below 38.6
Plan C : Consider selling if oil price fails to breach and holds firm above 40.1
Plan D : Cut above 40.5
Gold
Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns.
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Plan A : Remain buy as long as gold price stays firm above 1730
Plan B : Exit below 1727
Plan C : Consider selling only if gold price surges but fails to breach above 1766
Plan D : Cut above 1770
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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