Tuesday, April 27, 2021

28 April 2021 Foreign

         WTI Crude, Gold, HSI, Dow,          S&P 500 and Nasdaq


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E-Mini Dow


Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.

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Plan A : Remain buy as long as market trades firmly above 33764. Targets are 33939 and 34060.

Plan B : Consider short only if market stays trading below 33939. Targets are 33559 and 33252.



E-Mini S&P 500

The S&P 500 closed little changed near its record level on Tuesday as investors braced for a big batch of tech earnings.

The broad equity benchmark ended the day less than 0.1% lower at 4,186.72 after hitting a record high in the previous session. 

The first-quarter earnings season kicked into high gear this week with key megacap tech companies such as Alphabet, Microsoft and AMD reporting after the bell Tuesday. Apple and Facebook earnings follow on Wednesday after the bell.

On the data front, home prices in February registered the biggest gain in 15 years, rising 12% year over year and up from 11.2% in January, according to the S&P CoreLogic Case-Shiller home price index.

Meanwhile, consumer confidence climbed sharply to hit a pandemic high with The Conference Board’s index jumping to 121.7, the highest since February 2020.

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Plan A : Short if market failed to support above 4174. Targets are 4147, 4122 and 4098.

Plan B : Long if market retraced but supported firm above 4174. Targets are 4189, 4205 and 4222.


E-Mini Nasdaq

U.S. stock futures were mixed in early morning trading on Wednesday as investors digested major technology earnings and geared up for the latest Federal Reserve policy announcement.

The Nasdaq Composite was the relative underperformer, dipping 0.34%. 

Google parent Alphabet
 reported better-than-expected earnings after the bell on Tuesday, sending shares of the tech giant up more than 4% in after-hours trading. Alphabet saw its revenues grow 34% from a year ago.

Technology darlings
 Apple and Facebook both report earnings on Wednesday after the bell.

The Fed wraps up its two-day policy meeting on Wednesday. The central bank is not expected to take any action, but economists expect it to defend its policy to let inflation run hot. Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET, 30 minutes after the decision is announced.

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Plan A : Short if market failed to support above 13926. Targets are 13885, 13844 and 13800.

Plan B : Long if market supported firm above 13926. Targets are 13956, 13988 and 14022.



HSI

Hong Kong's Hang Seng index ended barely lower on Tuesday as regional investors trod cautiously ahead of comments from the U.S. Federal Reserve this week.

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Plan A : Remain buy as long as market trades firm above 28883. Targets are 29050 and 29111.

Plan B : Attempt sell only if market rebounds but fails to breach above 29028. Targets are 28912 and 28788.



WTI Crude

Oil prices edged higher on Tuesday as OPEC+ was expected to stick to existing plans to boost oil output slightly from May 1, suggesting it does not see a lasting impact on demand from India's coronavirus crisis.

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Plan A : Remain buy as long as oil price trades firmly above 62.6. Targets are 63.3 and 63.9.


Plan B : Consider selling only if oil price surges but fails to breach above 63.9. Targets are 62.6 and 61.9.


Gold

Gold prices were little changed on Tuesday ahead of the U.S. Federal Reserve's meeting.

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Plan A : Attempt sell if gold price stays trading below 1776. Targets are 1767 and 1752.4.

Plan B : Consider long only if gold price holds firmly above 1752.4 and rebound. Targets are 1776 and 1786.



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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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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29 April 2024 Foreign

                WTI Crude, Gold, HSI, Dow,  S&P 500 and Nasdaq If you like what we are doing, kindly like and share our page on FB. Foll...