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 30864. Targets are 30746 and 30473.
Plan B : Consider long only if market supports firmly above 30746 and rebound. Targets are 30860 and 31000.
E-Mini S&P 500The S&P 500 erased earlier losses and rose slightly to a record on Monday as investors prepared for a busy week of earnings featuring reports from the largest tech companies.
The broad equity benchmark closed the volatile day 0.4% higher at a new record close of 3,855.36. The S&P 500 fell 1.2% at its low of the day.
This coming week, 111 S&P 500 companies are set to report earnings. Among the quarterly reports on deck include those from Apple, Microsoft, Netflix, Tesla, McDonald’s, Honeywell, Caterpillar and Boeing.
Apple shares gained 2.8% to an all-time high before its quarterly report Wednesday after the bell. Tesla, which also reports Wednesday, popped 4% to hit a record.
Companies kicked off the earnings season on a strong note. Of the S&P 500 components that have already reported earnings, 73% have beaten on both sales and EPS, according to data from Bank of America. The firm said this is tracking similar to last quarter when the number of companies beating hit a record.
The move higher came as President Joe Biden tries to push through a $1.9 trillion stimulus program that many congressional Republicans oppose. The fiscal aid includes direct checks to millions of Americans, aid to state and local governments, funding for Covid vaccines and testing, a boost to the minimum wage and enhanced unemployment benefits, among other things.
The S&P 500 erased earlier losses and rose slightly to a record on Monday as investors prepared for a busy week of earnings featuring reports from the largest tech companies.
The broad equity benchmark closed the volatile day 0.4% higher at a new record close of 3,855.36. The S&P 500 fell 1.2% at its low of the day.
This coming week, 111 S&P 500 companies are set to report earnings. Among the quarterly reports on deck include those from Apple, Microsoft, Netflix, Tesla, McDonald’s, Honeywell, Caterpillar and Boeing.
Apple shares gained 2.8% to an all-time high before its quarterly report Wednesday after the bell. Tesla, which also reports Wednesday, popped 4% to hit a record.
Companies kicked off the earnings season on a strong note. Of the S&P 500 components that have already reported earnings, 73% have beaten on both sales and EPS, according to data from Bank of America. The firm said this is tracking similar to last quarter when the number of companies beating hit a record.
The move higher came as President Joe Biden tries to push through a $1.9 trillion stimulus program that many congressional Republicans oppose. The fiscal aid includes direct checks to millions of Americans, aid to state and local governments, funding for Covid vaccines and testing, a boost to the minimum wage and enhanced unemployment benefits, among other things.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market doesn't retrace much and supported firm above 3799. Targets are 3815, 3831 and 3846.
Plan B : Short if market failed to support above 3799. Targets are 3774, 3748 and 3720.
E-Mini Nasdaq
U.S. stock futures fell early Tuesday morning as Wall Street geared up for the heart of corporate earnings season.
The tech-heavy Nasdaq Composite gained 0.7% to reach a fresh closing high of 13,635.99.
Tuesday brings the corporate earnings of larger companies with more impact on the market indexes. General Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce its fiscal second quarter earnings after the bell.
However, the strategist also said that the recent frothy trading may not have reached its peak and could push the broad market indexes even higher.
Investors are also waiting for results from other major tech companies and a new policy statement from the Federal Reserve later in the week. Tuesday’s economic releases include data on consumer confidence and home prices.
Tuesday will also be the first trading session after Janet Yellen was confirmed as Treasury secretary. The former Fed chair becomes the first women to hold the position.
Plan A : Long if market doesn't retrace much and supported firm above 3799. Targets are 3815, 3831 and 3846.
Plan B : Short if market failed to support above 3799. Targets are 3774, 3748 and 3720.
U.S. stock futures fell early Tuesday morning as Wall Street geared up for the heart of corporate earnings season.
The tech-heavy Nasdaq Composite gained 0.7% to reach a fresh closing high of 13,635.99.
Tuesday brings the corporate earnings of larger companies with more impact on the market indexes. General Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce its fiscal second quarter earnings after the bell.
However, the strategist also said that the recent frothy trading may not have reached its peak and could push the broad market indexes even higher.
Investors are also waiting for results from other major tech companies and a new policy statement from the Federal Reserve later in the week. Tuesday’s economic releases include data on consumer confidence and home prices.
Tuesday will also be the first trading session after Janet Yellen was confirmed as Treasury secretary. The former Fed chair becomes the first women to hold the position.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market supported firm above 13371. Targets are 13401, 13433 and 13470.
Plan B : Short if market failed to support above 13371. Targets are 13333, 13295 and 13244.
HSI
Hong Kong shares climbed more than 2% on Monday as mainland investors continued to buy into the market via the Stock Connect, with tech and material stocks leading the pack.
Plan A : Long if market supported firm above 13371. Targets are 13401, 13433 and 13470.
Plan B : Short if market failed to support above 13371. Targets are 13333, 13295 and 13244.
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