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 President Donald Trump reassured investors the trade agreement with China was intact, while upbeat business activity data from Europe boded well for U.S. surveys due later.
A boost from technology stocks helped Wall Street’s three major indexes close higher in the previous session with the tech-heavy Nasdaq registering its fourth record closing high this month.
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Plan A : Short if market fails to break above 26075. Targets are 26030 and 25975.
Plan B : Cut above 26120.
Plan C :Long if market rebounds from 26075. Targets are 26115 and 26165.
Plan D : Cut below 26030.
E-Mini S&P 500
The Dow gained 131.14 points, or .05%, to close at 26,156.10. The S&P 500 climbed 0.43% to 3,131.29. The Nasdaq Composite advanced 0.74% to 10,131.37. Strong gains from the Big Tech led the Nasdaq to an eight-day winning streak.
Apple shares rose 2.13% to a record high as Wall Street analyst and investors cheered a slew of announcements from the tech giant. One analyst hiked his price target on the stock to $400 per share from $325 per share. Microsoft and Amazon also hit all-time highs, rising 0.67% and 1.86%, respectively.
Tuesday’s gains came after a wild overnight session amid comments from White House trade advisor Peter Navarro. In an interview with Fox News, Navarro said the U.S.-China trade deal was “over.” The comment sent stock futures tumbling. However, Navarro later clarified his comments “had nothing at all to do with the Phase I trade deal, which continues in place.” This clarification sent stock futures back higher.
Weekly jobless claims data are set for release Wednesday morning.
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Plan A : Long if market retraced slightly but supported firm above 3066.25. Targets are 3090.75, 3113.25 and 3131.50.
Plan B : Short if market failed to support above 3066.25. Targets are 3040.25, 3018.50 and 2998.25.
Plan B : Short if market failed to support above 3066.25. Targets are 3040.25, 3018.50 and 2998.25.
E-Mini Nasdaq
Futures contracts tied to the major U.S. stock indexes pointed to a positive Wednesday open as Wall Street looked to add to healthy gains clinched earlier in the week.
The Nasdaq Composite, meanwhile, advanced 0.74% to 10,131.37, its 21st closing record for 2020. The Nasdaq’s gain on Tuesday also represented its eighth straight day of gains, its longest winning streak since December, when it advanced for 11 straight sessions.
Shares of consumer technology company Apple rose 2.1% on Tuesday to reach a new all-time high, notching the benchmark one day after it unveiled new operating systems for its iPhone and computers. Apple pleased its investors further by announcing it will phase one Intel chips in favor of its own products when building new Mac devices.
Tuesday’s gains during regular trading followed a more turbulent overnight session after conflicting signals from the Trump administration on its landmark trade deal with China. Trump trade advisor Peter Navarro triggered confusion Monday evening after saying in an interview that deal was "over."
President Donald Trump then tweeted that the accord was “fully intact” and said he hoped Beijing would live up to its agreements in the deal.
The about-face from the White House highlighted the fragility of the accord struck between the globe’s two largest economies earlier this year. Tensions have been rising between the U.S. and China in recent months over the origins of the coronavirus pandemic and Beijing’s influence over Hong Kong.
Futures contracts tied to the major U.S. stock indexes pointed to a positive Wednesday open as Wall Street looked to add to healthy gains clinched earlier in the week.
The Nasdaq Composite, meanwhile, advanced 0.74% to 10,131.37, its 21st closing record for 2020. The Nasdaq’s gain on Tuesday also represented its eighth straight day of gains, its longest winning streak since December, when it advanced for 11 straight sessions.
Shares of consumer technology company Apple rose 2.1% on Tuesday to reach a new all-time high, notching the benchmark one day after it unveiled new operating systems for its iPhone and computers. Apple pleased its investors further by announcing it will phase one Intel chips in favor of its own products when building new Mac devices.
Tuesday’s gains during regular trading followed a more turbulent overnight session after conflicting signals from the Trump administration on its landmark trade deal with China. Trump trade advisor Peter Navarro triggered confusion Monday evening after saying in an interview that deal was "over."
President Donald Trump then tweeted that the accord was “fully intact” and said he hoped Beijing would live up to its agreements in the deal.
The about-face from the White House highlighted the fragility of the accord struck between the globe’s two largest economies earlier this year. Tensions have been rising between the U.S. and China in recent months over the origins of the coronavirus pandemic and Beijing’s influence over Hong Kong.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Short if market doesn't retrace much and supported firm above 10157.25. Targets are 10127.25, 10092.25 and 10059.75.
Plan B : Long if market supported firm above 10157.25. Targets are 10180.25, 10215.25 and 10253.50.
HSI
Hong Kong shares reversed early losses to end more than 1.5% higher on Tuesday after President Donald Trump clarified that the U.S.-China trade deal was still in force, calming investors spooked by comments from a trade adviser.
At the close of trade, the Hang Seng index was up 396.00 points or 1.62% at 24,907.34.
Plan A : Short if market doesn't retrace much and supported firm above 10157.25. Targets are 10127.25, 10092.25 and 10059.75.
Plan B : Long if market supported firm above 10157.25. Targets are 10180.25, 10215.25 and 10253.50.
Plan B : Long if market supported firm above 10157.25. Targets are 10180.25, 10215.25 and 10253.50.
HSI
At the close of trade, the Hang Seng index was up 396.00 points or 1.62% at 24,907.34.
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Plan A : Attempt short if market recovers but then falls below 25076. Targets are 25001 and 24915. Cut above 25155.
Plan B : Attempt to long if market trades firmly above 25076. Targets are 25151 and 25236. Cut below 24995.
WTI Crude
Oil prices fell on Tuesday as a rising number of COVID-19 cases sparked demand fears, although losses were capped after U.S. President Donald Trump soothed jangled nerves over U.S.-China trade.
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Plan A : Remain buy as long as oil price stays above 39.8
Plan B : Exit below 39.2
Plan C : Consider selling if oil price fails to breach and holds firm above 40.4
Plan D : Cut above 41.8
Gold
Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the U.S. dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook.
Plan A : Remain buy as long as oil price stays above 39.8
Plan B : Exit below 39.2
Plan C : Consider selling if oil price fails to breach and holds firm above 40.4
Plan D : Cut above 41.8Gold
Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the U.S. dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook.
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Plan A : Remain buy as long as gold price stays firm above 1769.9
Plan B : Exit below 1764
Plan C : Consider selling only if gold price surges but fails to breach above 1793
Plan D : Cut above 1807
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 : Remain buy as long as gold price stays firm above 1769.9
Plan B : Exit below 1764
Plan C : Consider selling only if gold price surges but fails to breach above 1793
Plan D : Cut above 1807
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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