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.
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
E-Mini Dow
Futures tracking the Dow Jones indexes edged higher on Monday following a selloff on Wall Street last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases.
Wall Street’s major indexes had tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to the surge in COVID-19 cases. Stocks in Asia and Europe were muted overnight as the global death toll from the respiratory illness crossed half a million on Sunday.
This week, investors will focus on employment, consumer confidence and manufacturing data for June for signs of whether the U.S. economy will continue to rebound after indications of a pickup in May.
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 breaks below 25499. Targets are 25455 and 25399.
Plan B : Cut above 25540.
Plan C :Long if market tested and rebounds from 25395. Targets are 25440 and 25495.
Plan D : Cut below 24355.
E-Mini S&P 500
The Dow climbed 580.25 points, or 2.32%, to close at 25,595.80. The S&P 500 rose 1.47% to 3,053.24. The Nasdaq Composite advanced 1.20% to 9,874.15. Sharp gains from Boeing and Apple led the way for stocks while traders shrugged off recent coronavirus data.
Boeing shares jumped 14.40% as certification flights for the 737 Max began Monday. The test is seen by investors as a critical step in Boeing’s worst-ever corporate crisis, which began in March 2019 after two crashes in five months killed 346 people. Apple was also among the biggest contributors of gains on the Dow, climbing 2.30%.
Monday’s gains came even after data compiled by Johns Hopkins University showed more than 2.5 million Covid-19 cases have been confirmed in the U.S., along with more than 125,000 deaths. Some, such as Tom Lee of Fundstrat Global Advisors, say they’re taking solace in the fact that the acceleration in infection numbers is not yet leading to a marked rise in fatalities.
Federal Reserve chair Jerome Powell and Treasury Secretary Steven Mnuchin will testify before the House Financial Services Committee at 12:30 p.m. on Tuesday. The joint hearing will address the Fed and Treasury’s response to the coronavirus pandemic. In remarks he will deliver Tuesday Powell said uncertainty reigns over the outlook for the economy in the wake of the coronavirus pandemic.
Tuesday will be the final trading day of the month and the second quarter. Consumer confidence numbers are also set for release at 10 a.m.
The Dow climbed 580.25 points, or 2.32%, to close at 25,595.80. The S&P 500 rose 1.47% to 3,053.24. The Nasdaq Composite advanced 1.20% to 9,874.15. Sharp gains from Boeing and Apple led the way for stocks while traders shrugged off recent coronavirus data.
Boeing shares jumped 14.40% as certification flights for the 737 Max began Monday. The test is seen by investors as a critical step in Boeing’s worst-ever corporate crisis, which began in March 2019 after two crashes in five months killed 346 people. Apple was also among the biggest contributors of gains on the Dow, climbing 2.30%.
Monday’s gains came even after data compiled by Johns Hopkins University showed more than 2.5 million Covid-19 cases have been confirmed in the U.S., along with more than 125,000 deaths. Some, such as Tom Lee of Fundstrat Global Advisors, say they’re taking solace in the fact that the acceleration in infection numbers is not yet leading to a marked rise in fatalities.
Federal Reserve chair Jerome Powell and Treasury Secretary Steven Mnuchin will testify before the House Financial Services Committee at 12:30 p.m. on Tuesday. The joint hearing will address the Fed and Treasury’s response to the coronavirus pandemic. In remarks he will deliver Tuesday Powell said uncertainty reigns over the outlook for the economy in the wake of the coronavirus pandemic.
Tuesday will be the final trading day of the month and the second quarter. Consumer confidence numbers are also set for release at 10 a.m.
Boeing shares jumped 14.40% as certification flights for the 737 Max began Monday. The test is seen by investors as a critical step in Boeing’s worst-ever corporate crisis, which began in March 2019 after two crashes in five months killed 346 people. Apple was also among the biggest contributors of gains on the Dow, climbing 2.30%.
Monday’s gains came even after data compiled by Johns Hopkins University showed more than 2.5 million Covid-19 cases have been confirmed in the U.S., along with more than 125,000 deaths. Some, such as Tom Lee of Fundstrat Global Advisors, say they’re taking solace in the fact that the acceleration in infection numbers is not yet leading to a marked rise in fatalities.
Federal Reserve chair Jerome Powell and Treasury Secretary Steven Mnuchin will testify before the House Financial Services Committee at 12:30 p.m. on Tuesday. The joint hearing will address the Fed and Treasury’s response to the coronavirus pandemic. In remarks he will deliver Tuesday Powell said uncertainty reigns over the outlook for the economy in the wake of the coronavirus pandemic.
Tuesday will be the final trading day of the month and the second quarter. Consumer confidence numbers are also set for release at 10 a.m.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Long if market doesn't retrace much and supported firm above 3035.25. Targets are 3058.25, 3079.50 and 3100.25.
Plan B : Short if market supported firm above 3035.25. Targets are 3009.25, 2988.50 and 2965.75.
Plan A : Long if market doesn't retrace much and supported firm above 3035.25. Targets are 3058.25, 3079.50 and 3100.25.
Plan B : Short if market supported firm above 3035.25. Targets are 3009.25, 2988.50 and 2965.75.
E-Mini Nasdaq
U.S. stock futures were little changed early morning Tuesday ahead of the final trading day of a volatile month for markets.
The Nasdaq Composite rose 1.2%, helped by gains in Netflix, Microsoft, Facebook and Apple.
Monday’s sharp gains came amid a backdrop of increasing coronavirus cases in the U.S. and states attempt to re-open from the shutdown. U.S. governors are walking back or delaying re-opening plans as Covid-19 cases climb around the country. New Jersey Gov. Phil Murphy announced the state will delay a resumption of indoor dining that was planned for Thursday.
Despite the recent uptick in cases, stocks are headed for a month of gains in June. The Dow is up 0.8% and the S&P 500 is up 0.3% in June. The technology-heavy Nasdaq Composite has returned more than 4% this month.
The Conference Board’s consumer confidence index will be released at 10:00 a.m. on Tuesday. Economists polled by Dow Jones are expecting a read of 91 in June, up from May's reading of 86.6.
U.S. stock futures were little changed early morning Tuesday ahead of the final trading day of a volatile month for markets.
The Nasdaq Composite rose 1.2%, helped by gains in Netflix, Microsoft, Facebook and Apple.
Monday’s sharp gains came amid a backdrop of increasing coronavirus cases in the U.S. and states attempt to re-open from the shutdown. U.S. governors are walking back or delaying re-opening plans as Covid-19 cases climb around the country. New Jersey Gov. Phil Murphy announced the state will delay a resumption of indoor dining that was planned for Thursday.
Despite the recent uptick in cases, stocks are headed for a month of gains in June. The Dow is up 0.8% and the S&P 500 is up 0.3% in June. The technology-heavy Nasdaq Composite has returned more than 4% this month.
The Conference Board’s consumer confidence index will be released at 10:00 a.m. on Tuesday. Economists polled by Dow Jones are expecting a read of 91 in June, up from May's reading of 86.6.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Long if market supported firm above 9949.50. Targets are 9975.25, 10010.50 and 10037.75.
Plan B : Short if market failed to support above 9949.50. Targets are 9917.25, 9887.50 and 9859.75.
HSI
Hong Kong’s stock benchmark fell 1% on Monday, as sharp spikes in new COVID-19 infections globally and China’s impending national security law on the city curbed risk appetite.
The Hang Seng index closed 1.0% lower at 24,306.09.
Plan A : Long if market supported firm above 9949.50. Targets are 9975.25, 10010.50 and 10037.75.
Plan B : Short if market failed to support above 9949.50. Targets are 9917.25, 9887.50 and 9859.75.
Plan B : Short if market failed to support above 9949.50. Targets are 9917.25, 9887.50 and 9859.75.
HSI
Hong Kong’s stock benchmark fell 1% on Monday, as sharp spikes in new COVID-19 infections globally and China’s impending national security law on the city curbed risk appetite.
The Hang Seng index closed 1.0% lower at 24,306.09.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Attempt short if market surge but fails to breach above 25128. Targets are 25055 and 24965. Cut above 25205.
Plan B : Attempt to long if market rebounds firmly above 24625. Targets are 24695 and 24785. Cut below 24550.
WTI Crude
Oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Attempt buy if oil price stays firm above 39.3
Plan B : Cut below 38.6
Plan C : Consider selling if oil price surges but fails to breach above 39.8
Plan D : Cut above 40.2
Gold
Gold prices were little changed on Monday, but held close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Attempt buy if gold price trades firmly above 1769.9
Plan B : Cut below 1764
Plan C : Consider selling if gold price falls below 1769.9Plan D : Cut above 1777.5
Plan A : Attempt buy if gold price trades firmly above 1769.9
Plan B : Cut below 1764
Plan C : Consider selling if gold price falls below 1769.9Plan D : Cut above 1777.5
No comments:
Post a Comment