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 supported firmly above 35677. Targets are 35922 and 36028.
Plan B : Consider short if market surges but fails to breach above 36028. Targets are 35890 and 35677.
E-Mini S&P 500
The S&P 500 rose for a sixth day in a row on Thursday as investors took solace in the Federal Reserve’s patient stance on raising interest rates. Stronger-than-expected economic data also boosted sentiment.
The broad equity benchmark gained 0.4% to hit another record close of 4,680.06.
The central bank said it will begin to slow its bond-buying program later this month, signaling that the economy can now handle an unwinding of pandemic stimulus. Investors had long anticipated the move and liked that the Fed did not signal it would be any more aggressive than necessary in raising interest rates once the bond tapering was finished next year.
The S&P 500 is up 1.6% for the week, pushing its year-to-date return up to 24.6% as the benchmark enters a seasonally strong part of the year for markets.
On the data front, U.S. jobless claims totaled 269,000 for the week ended Oct. 30, the lowest pandemic-era total and better than the 275,000 expected by economists polled by Dow Jones.
E-Mini S&P 500
The S&P 500 rose for a sixth day in a row on Thursday as investors took solace in the Federal Reserve’s patient stance on raising interest rates. Stronger-than-expected economic data also boosted sentiment.
The broad equity benchmark gained 0.4% to hit another record close of 4,680.06.
The central bank said it will begin to slow its bond-buying program later this month, signaling that the economy can now handle an unwinding of pandemic stimulus. Investors had long anticipated the move and liked that the Fed did not signal it would be any more aggressive than necessary in raising interest rates once the bond tapering was finished next year.
The S&P 500 is up 1.6% for the week, pushing its year-to-date return up to 24.6% as the benchmark enters a seasonally strong part of the year for markets.
On the data front, U.S. jobless claims totaled 269,000 for the week ended Oct. 30, the lowest pandemic-era total and better than the 275,000 expected by economists polled by Dow Jones.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription.
Plan A : Long if market supported firm above 4675. Targets are 4688, 4699 and 4708.
Plan B : Short if market failed to support above 4675. Targets are 4659, 4644 and 4625.
E-Mini Nasdaq
Stock futures were muted in early morning trading Friday ahead of the highly anticipated October jobs report.
Investors are awaiting the release of October nonfarm payroll numbers Friday morning. Consensus estimates call for 450,000 jobs added, according to Dow Jones. September’s report tallied 194,000 additional jobs, far short of the 500,000 estimate.
The Nasdaq Composite notched its ninth consecutive positive session, rising 0.8% to a record close.
Market participants digested the Federal Reserve’s plan to begin tapering its pandemic aid by the end of November, putting the central bank on track to end its asset purchase program by the middle of next year.
E-Mini Nasdaq
Stock futures were muted in early morning trading Friday ahead of the highly anticipated October jobs report.
Investors are awaiting the release of October nonfarm payroll numbers Friday morning. Consensus estimates call for 450,000 jobs added, according to Dow Jones. September’s report tallied 194,000 additional jobs, far short of the 500,000 estimate.
The Nasdaq Composite notched its ninth consecutive positive session, rising 0.8% to a record close.
Market participants digested the Federal Reserve’s plan to begin tapering its pandemic aid by the end of November, putting the central bank on track to end its asset purchase program by the middle of next year.
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