FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Remain buy as long as market stays firm above 28492. Targets are 28771 and 28846.
Plan B : Consider sell if market surges but fails to breach and stays firm above 28771. Targets are 28492 and 28319.
E-Mini S&P 500
Stocks fell for the first time in five days on Tuesday as investors grappled with the latest news regarding U.S. coronavirus stimulus and treatments as well as the first batch of corporate earnings.
The Dow dropped 157.71 points, or 0.6%, to 28,679.81 as Apple shares declined. The S&P 500 slid 0.6% to 3,511.93. The Nasdaq Composite dipped 0.1% to 11,863.90.
Apple unveiled on Tuesday its first-ever 5G iPhone. Morgan Stanley analyst Katy Huberty called this “the most significant iPhone event in years” ahead of the event. Apple shares dropped 2.7%, however, after rallying 6.4% on Monday.
Earnings season kicked off on Tuesday with both JP Morgan Chase and Citigroup reporting better-than-expected results. Bank of America, Goldman Sachs and Wells Fargo are on deck Wednesday, with all three expected to report results before the market opens.
UnitedHealth will also report Wednesday morning, while United Airlines will report after the bell. On Tuesday, Delta reported a wider-than-expected loss for the most recent quarter, including a 75% decline in revenue, as the industry continues to take a hit from Covid-19.
Stocks fell for the first time in five days on Tuesday as investors grappled with the latest news regarding U.S. coronavirus stimulus and treatments as well as the first batch of corporate earnings.
The Dow dropped 157.71 points, or 0.6%, to 28,679.81 as Apple shares declined. The S&P 500 slid 0.6% to 3,511.93. The Nasdaq Composite dipped 0.1% to 11,863.90.
Apple unveiled on Tuesday its first-ever 5G iPhone. Morgan Stanley analyst Katy Huberty called this “the most significant iPhone event in years” ahead of the event. Apple shares dropped 2.7%, however, after rallying 6.4% on Monday.
Earnings season kicked off on Tuesday with both JP Morgan Chase and Citigroup reporting better-than-expected results. Bank of America, Goldman Sachs and Wells Fargo are on deck Wednesday, with all three expected to report results before the market opens.
UnitedHealth will also report Wednesday morning, while United Airlines will report after the bell. On Tuesday, Delta reported a wider-than-expected loss for the most recent quarter, including a 75% decline in revenue, as the industry continues to take a hit from Covid-19.
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Plan A : Long if market doesn't retrace much and supported firm above 3507. Targets are 3522, 3540 and 3551.
Plan B : Short if market failed to support above 3507. Targets are 3480, 3458 and 3424.
E-Mini Nasdaq
U.S. stock index futures rose in overnight trading after the major averages registered their first day of losses in five trading sessions.
Stocks fell on Tuesday, snapping a four-day winning streak. The Dow Jones Industrial Average slid 157.71 points, or 0.6%, while the S&P 500 declined 0.6%. The Nasdaq Composite was the relative outperformer, dipping 0.1%.
The decline came amid a number of macro headwinds. Eli Lilly said Tuesday afternoon that it would pause its trial of a coronavirus antibody treatment, news that followed Johnson & Johnson’s earlier announcement that it halted its vaccine trial after an "adverse event" was reported. Additionally, hopes for near-term stimulus have faded as Democrats and Republicans remain at odds.
The White House recently proposed $1.8 trillion for an aid package, which House Speaker Nancy Pelosi said “falls significantly short” of what is needed. On Tuesday, Senate Majority Leader Mitch McConnell said that the Senate will vote on a limited stimulus bill later this month, which will be “targeted relief for American workers, including new funding” for Paycheck Protection Program small business loans.
Despite Tuesday’s dip, stocks are still in the green for October, with the Dow up more than 3% while the S&P 500 and Nasdaq have gained more than 4% and 6%, respectively.
Plan A : Long if market doesn't retrace much and supported firm above 3507. Targets are 3522, 3540 and 3551.
Plan B : Short if market failed to support above 3507. Targets are 3480, 3458 and 3424.
U.S. stock index futures rose in overnight trading after the major averages registered their first day of losses in five trading sessions.
Stocks fell on Tuesday, snapping a four-day winning streak. The Dow Jones Industrial Average slid 157.71 points, or 0.6%, while the S&P 500 declined 0.6%. The Nasdaq Composite was the relative outperformer, dipping 0.1%.
The decline came amid a number of macro headwinds. Eli Lilly said Tuesday afternoon that it would pause its trial of a coronavirus antibody treatment, news that followed Johnson & Johnson’s earlier announcement that it halted its vaccine trial after an "adverse event" was reported. Additionally, hopes for near-term stimulus have faded as Democrats and Republicans remain at odds.
The White House recently proposed $1.8 trillion for an aid package, which House Speaker Nancy Pelosi said “falls significantly short” of what is needed. On Tuesday, Senate Majority Leader Mitch McConnell said that the Senate will vote on a limited stimulus bill later this month, which will be “targeted relief for American workers, including new funding” for Paycheck Protection Program small business loans.
Despite Tuesday’s dip, stocks are still in the green for October, with the Dow up more than 3% while the S&P 500 and Nasdaq have gained more than 4% and 6%, respectively.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Plan A : Long if market doesn't retrace much and supported firm above 12134. Targets are 12160, 12189 and 12221.
Plan B : Short if market failed to support above 12134. Targets are 12099, 12050 and 12018.
HSI
Hong Kong stocks on Monday tracked gains on the mainland, with the Hang Seng China Enterprises index posting its best day in three months, as investors cheered Beijing's latest policy support for its capital markets.
Plan A : Long if market doesn't retrace much and supported firm above 12134. Targets are 12160, 12189 and 12221.
Plan B : Short if market failed to support above 12134. Targets are 12099, 12050 and 12018.
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