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 supports firmly above 34206. Targets are 34400 and 34526.
Plan B : Consider short if market rebounds but fails to breach above 34400. Targets are 34306 and 34206.
E-Mini S&P 500
The S&P 500 and the Dow Jones Industrial Average rose slightly on Wednesday, but the technology sector struggled again as the 10-year Treasury yield traded wild.
The S&P 500 added 0.16% to close at 4,359.46.
The 10-year Treasury yield eased on Wednesday morning to trade below 1.5% but bounced back toward 1.54% in afternoon trading. The benchmark yield rose as high as 1.56%.Investors were also watching debates around the debt ceiling and government spending in Washington. Treasury Secretary Janet Yellen told House Speaker Nancy Pelosi that Congress has until Oct. 18 to raise or suspend the debt ceiling and that failure to do so would have severe consequences for the economy.
The S&P 500 and the Dow Jones Industrial Average rose slightly on Wednesday, but the technology sector struggled again as the 10-year Treasury yield traded wild.
The S&P 500 added 0.16% to close at 4,359.46.
Investors were also watching debates around the debt ceiling and government spending in Washington. Treasury Secretary Janet Yellen told House Speaker Nancy Pelosi that Congress has until Oct. 18 to raise or suspend the debt ceiling and that failure to do so would have severe consequences for the economy.
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 retraced but supported firm above 4364. Targets are 4375, 4386 and 4399.
Plan B : Short if market failed to support above 4364. Targets are 4348, 4333 and 4315.
E-Mini Nasdaq
U.S. stock index futures inched higher during overnight trading on Wednesday, after tech stocks dipped again as investors digest the impact from higher rates.
The Nasdaq Composite declined 0.24% for its fourth straight negative session. The technology sector declined again on Wednesday and is now down 4% for the week, making it the worst-performing S&P group.
The tech decline came as the 10-year Treasury yield hit a high of 1.56% on Wednesday, after rising to 1.567% on Tuesday. The move higher is pressuring tech stocks since it makes promised future cash flows look less attractive.
On the data front, initial jobless claims for the prior week will be released. Economists are expecting a print of 335,000. The Bureau of Economic Analysis will also release its third estimate for Q2 GDP on Thursday.
U.S. stock index futures inched higher during overnight trading on Wednesday, after tech stocks dipped again as investors digest the impact from higher rates.
The Nasdaq Composite declined 0.24% for its fourth straight negative session. The technology sector declined again on Wednesday and is now down 4% for the week, making it the worst-performing S&P group.
The tech decline came as the 10-year Treasury yield hit a high of 1.56% on Wednesday, after rising to 1.567% on Tuesday. The move higher is pressuring tech stocks since it makes promised future cash flows look less attractive.
On the data front, initial jobless claims for the prior week will be released. Economists are expecting a print of 335,000. The Bureau of Economic Analysis will also release its third estimate for Q2 GDP on Thursday.
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