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 : Attempt sell if market trades below 28492. Targets are 28319 and 28180.
Plan B : Consider buy only if market able to support well above 28319. Targets are 28492 and 28569.
E-Mini S&P 500
Stocks fell for a second day on Wednesday after comments from Treasury Secretary Steven Mnuchin dampened expectations of a coronavirus stimulus deal being reached before the Nov. 3 presidential election.
The Dow was down 165.81 points, or 0.6%, at 28,514. The S&P 500 closed 0.7% lower at 3,488.67 and the Nasdaq Composite slid 0.8% to 11,768.73.
Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain issues. He also noted, however, that Democrats and Republicans are making progress in some areas.
Banking giants Goldman Sachs, Wells Fargo and Bank of America reported their latest quarterly results on Wednesday along with United Airlines. Goldman and Bank of America’s results topped analyst expectations. However, Wells Fargo and United fell short of estimates.
The corporate earnings season continues on Thursday with Morgan Stanley and Walgreens Boots Alliance set to report.
Stocks fell for a second day on Wednesday after comments from Treasury Secretary Steven Mnuchin dampened expectations of a coronavirus stimulus deal being reached before the Nov. 3 presidential election.
The Dow was down 165.81 points, or 0.6%, at 28,514. The S&P 500 closed 0.7% lower at 3,488.67 and the Nasdaq Composite slid 0.8% to 11,768.73.
Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain issues. He also noted, however, that Democrats and Republicans are making progress in some areas.
Banking giants Goldman Sachs, Wells Fargo and Bank of America reported their latest quarterly results on Wednesday along with United Airlines. Goldman and Bank of America’s results topped analyst expectations. However, Wells Fargo and United fell short of estimates.
The corporate earnings season continues on Thursday with Morgan Stanley and Walgreens Boots Alliance set to report.
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 3470. Targets are 3485, 3501 and 3520.
Plan B : Short if market failed to support above 3470. Targets are 3446, 3420 and 3392.
E-Mini Nasdaq
U.S. stock futures were lower on Wednesday night as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month’s election.
Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. His comments came after House Speaker Nancy Pelosi, D-Calif., said earlier this week that a recently proposed package by the administration “falls significantly short” of what is needed.
The uncertainty surrounding the aid talks led to the market’s second straight daily decline. The Dow slid more than 160 points, or 0.6%. The S&P 500 and Nasdaq Composite pulled back by 0.7% and 0.8%, respectively. Wednesday marked the first time since September that the major indexes posted consecutive daily losses.
On the data front, weekly jobless claims numbers are set for release Thursday morning along with the latest data on import and export prices.
Plan A : Long if market doesn't retrace much and supported firm above 3470. Targets are 3485, 3501 and 3520.
Plan B : Short if market failed to support above 3470. Targets are 3446, 3420 and 3392.
U.S. stock futures were lower on Wednesday night as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month’s election.
Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. His comments came after House Speaker Nancy Pelosi, D-Calif., said earlier this week that a recently proposed package by the administration “falls significantly short” of what is needed.
The uncertainty surrounding the aid talks led to the market’s second straight daily decline. The Dow slid more than 160 points, or 0.6%. The S&P 500 and Nasdaq Composite pulled back by 0.7% and 0.8%, respectively. Wednesday marked the first time since September that the major indexes posted consecutive daily losses.
On the data front, weekly jobless claims numbers are set for release Thursday morning along with the latest data on import and export prices.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Plan A : Short if market failed to support above 11898. Targets are 11859, 11821 and 11774.
Plan B : Long if market doesn't retrace much and supported firm above 11898. Targets are 11927, 11960 and 11988.
HSI
Hong Kong shares recovered lost ground to close higher on Wednesday, as tech stocks climbed after Chinese President Xi Jinping's Shenzhen speech emphasized on property rights and protection for entrepreneurs, lifting risk appetite.
Plan A : Short if market failed to support above 11898. Targets are 11859, 11821 and 11774.
Plan B : Long if market doesn't retrace much and supported firm above 11898. Targets are 11927, 11960 and 11988.
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