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 35177. Targets are 35020 and 34909.
Plan B : Consider long if market holds resiliently above 35020 and rebound. Targets are 35146 and 35268.
E-Mini S&P 500
U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
The S&P 500 lost 0.34% to 4,520.03.
Data on Friday showed the U.S. economy created 235,000 jobs in August, the fewest in seven months as hiring in the leisure and hospitality sectors stalled, reducing expectations that the Fed will opt for an early tapering of its monthly bond purchases.
The market took the surprisingly soft U.S. payrolls report on Friday "in stride, with the assumption that the COVID-19 Delta variant had an impact on economic activity in August," Arthur Hogan, chief market strategist at brokerage National Holdings in New York, said in a market note.
U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
The S&P 500 lost 0.34% to 4,520.03.
Data on Friday showed the U.S. economy created 235,000 jobs in August, the fewest in seven months as hiring in the leisure and hospitality sectors stalled, reducing expectations that the Fed will opt for an early tapering of its monthly bond purchases.
The market took the surprisingly soft U.S. payrolls report on Friday "in stride, with the assumption that the COVID-19 Delta variant had an impact on economic activity in August," Arthur Hogan, chief market strategist at brokerage National Holdings in New York, said in a market note.
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Plan A : Long if market supported firm above 4507. Targets are 4518, 4527 and 4541.
Plan B : Short if market failed to support above 4507. Targets are 4492, 4475 and 4460.
E-Mini Nasdaq
The Dow Jones Industrial Average fell on Tuesday amid lingering concerns about the delta variant’s impact on the economic reopening.
The Nasdaq Composite rose less than 0.07% to 15,374.33, notching a record close.
Goldman Sachs downgraded its economic outlook over the weekend, citing the delta variant and fading fiscal stimulus. Goldman now sees 5.7% annual growth in 2021, below the 6.2% consensus. The firm cut its fourth-quarter GDP outlook to 5.5%, down from 6.5%.
The Dow Jones Industrial Average fell on Tuesday amid lingering concerns about the delta variant’s impact on the economic reopening.
The Nasdaq Composite rose less than 0.07% to 15,374.33, notching a record close.
Goldman Sachs downgraded its economic outlook over the weekend, citing the delta variant and fading fiscal stimulus. Goldman now sees 5.7% annual growth in 2021, below the 6.2% consensus. The firm cut its fourth-quarter GDP outlook to 5.5%, down from 6.5%.
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