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 stays above 34526. Targets are 34740 and 34909.
Plan B : Consider short if market surges but fails to breach above 34909. Targets are 34740 and 34657.
E-Mini S&P 500
U.S. stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default later this month.
U.S. Senate Majority Leader Chuck Schumer announced Senate leaders have agreed to raise the Treasury Department's borrowing authority until early December, with a possible vote for a debt limit increase of $480 billion coming as soon as Saturday.
All of the 11 major S&P 500 sectors advanced, with eight of them jumping more than 1%. Materials was the biggest gainer, up 2%, followed by healthcare and consumer discretionary.
A survey from the ADP National Employment Report showed a strong increase in private payrolls in September and ahead of the more comprehensive non-farm payrolls data due on Friday. It is expected to cement the case for the Federal Reserve's slowing of asset purchases.
U.S. stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default later this month.
U.S. Senate Majority Leader Chuck Schumer announced Senate leaders have agreed to raise the Treasury Department's borrowing authority until early December, with a possible vote for a debt limit increase of $480 billion coming as soon as Saturday.
All of the 11 major S&P 500 sectors advanced, with eight of them jumping more than 1%. Materials was the biggest gainer, up 2%, followed by healthcare and consumer discretionary.
A survey from the ADP National Employment Report showed a strong increase in private payrolls in September and ahead of the more comprehensive non-farm payrolls data due on Friday. It is expected to cement the case for the Federal Reserve's slowing of asset purchases.
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 supported firm above 4411. Targets are 4422, 4435 and 4449.
Plan B : Short if market failed to support above 4411. Targets are 4395, 4380 and 4362.
E-Mini NasdaqU.S. stock index futures were little changed during early trading Friday morning as Wall Street awaits Friday’s key September jobs report.
Stocks advanced during regular trading on Thursday as Washington reached a deal to raise the debt ceiling into December. The S&P 500 advanced for a third day, gaining 0.83%.
All eyes are on Friday’s jobs report, which will be key as the Federal Reserve prepares to slow its $120 billion-per-month bond-buying program. Economists are expecting the economy to have added 500,000 jobs in September, according to estimates from Dow Jones. In August, just 235,000 jobs were added, significantly below the consensus estimate of 720,000.
The Department of Labor said Thursday that jobless claims for the prior week totaled 326,000. That was lower than the 345,000 economists had been calling for. Continuing claims, meanwhile, declined by 97,000 to 2.71 million.
Uncertainty around the debt ceiling had been a headwind for the market but other risks remain, including accelerating inflation and rising rates. The 10-year Treasury yield was around 1.57% on Thursday, and UBS sees it rising to 1.8% by the end of the year.
U.S. stock index futures were little changed during early trading Friday morning as Wall Street awaits Friday’s key September jobs report.
Stocks advanced during regular trading on Thursday as Washington reached a deal to raise the debt ceiling into December. The S&P 500 advanced for a third day, gaining 0.83%.
All eyes are on Friday’s jobs report, which will be key as the Federal Reserve prepares to slow its $120 billion-per-month bond-buying program. Economists are expecting the economy to have added 500,000 jobs in September, according to estimates from Dow Jones. In August, just 235,000 jobs were added, significantly below the consensus estimate of 720,000.
The Department of Labor said Thursday that jobless claims for the prior week totaled 326,000. That was lower than the 345,000 economists had been calling for. Continuing claims, meanwhile, declined by 97,000 to 2.71 million.
Uncertainty around the debt ceiling had been a headwind for the market but other risks remain, including accelerating inflation and rising rates. The 10-year Treasury yield was around 1.57% on Thursday, and UBS sees it rising to 1.8% by the end of the year.
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