WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Remain sell as long as market stays below 35146. Targets are 34909 and 34790.
Plan B : Consider long if market trades resiliently above 34909 and rebound. Targets are 35146 and 35200.
E-Mini S&P 500Major U.S. stock indexes slipped for a second day as investors digested the latest Federal Reserve meeting minutes for insights into tapering plans.
The S&P 500 dipped nearly 1.1% to 4,400.27.
The Fed published its meeting minutes from its July gathering, revealing discussions about possibly dialing back its monthly bond-buying program this year.
The minutes noted the economy had reached its goal on inflation and was “close to being satisfied” with the progress of job growth.
To be sure, the minutes also reflected some division within the Fed with some members preferring to wait until early 2022 to start tapering bond purchases.
Investors also waded through more earnings reports from major retailers Wednesday.
Major U.S. stock indexes slipped for a second day as investors digested the latest Federal Reserve meeting minutes for insights into tapering plans.
The S&P 500 dipped nearly 1.1% to 4,400.27.
The Fed published its meeting minutes from its July gathering, revealing discussions about possibly dialing back its monthly bond-buying program this year.
The minutes noted the economy had reached its goal on inflation and was “close to being satisfied” with the progress of job growth.
To be sure, the minutes also reflected some division within the Fed with some members preferring to wait until early 2022 to start tapering bond purchases.
Investors also waded through more earnings reports from major retailers Wednesday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Short if market failed to support above 4357. Targets are 4342, 4321 and 4309.
Plan B : Long if market supported firm above 4357. Targets are 4366, 4379 and 4395.
E-Mini Nasdaq
Stock futures were lower in early morning trading on Thursday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end.
The central bankers at their July meeting made plans to pull back the pace of their monthly bond purchases likely before the end of 2021, the minutes showed.
However, committee members broadly agreed that employment has not met the “substantial further progress” benchmark the Fed has set before it would consider raising rates.
Investors will monitor new jobless claims data due Thursday morning. Economists polled by Dow Jones expect a total of 365,000 in the week ended Aug. 14, slightly below the total of 375,000 in the prior week.
Stock futures were lower in early morning trading on Thursday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end.
The central bankers at their July meeting made plans to pull back the pace of their monthly bond purchases likely before the end of 2021, the minutes showed.
However, committee members broadly agreed that employment has not met the “substantial further progress” benchmark the Fed has set before it would consider raising rates.
Investors will monitor new jobless claims data due Thursday morning. Economists polled by Dow Jones expect a total of 365,000 in the week ended Aug. 14, slightly below the total of 375,000 in the prior week.
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