14 December 2021 Foreign

             WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

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E-Mini Dow

Wall Street ended lower on Monday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week.

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Plan A: Remain sell as long as market stays below 35823. Targets are 35607 and 35461.

Plan B: Consider long if market supports above 35607 and rebound. Targets are 35721 and 35823.

E-Mini S&P 500

The S&P 500 fell 0.9% to 4,668.97 and sits about 1.6% from its intraday record. The Dow Jones Industrial Average traded 320 points lower to 35,650.95, dragged down by a 3.7% drop in Boeing’s stock.

New variant has pushed some government officials to reinstate health restrictions to slow the spread. As of Sunday, the U.S. was approaching 800,000 coronavirus-related deaths. U.K. Prime Minister Boris Johnson confirmed Monday that at least one patient infected with the omicron variant has died in the country.

The S&P 500 notched its best week since February and a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant. The blue-chip Dow gained 4% last week, breaking a four-week losing streak with its best weekly performance since March.

Investors digested a jump in headline inflation data, which came in at 6.8% in November year over year for the biggest surge since 1982.

Fed Chair Jerome Powell, as well as a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022. Accelerating the timeline for tapering could also move forward the central bank’s plans for interest rate hikes, which could spook investors.

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Plan A: Long if market retraced but supported firmly above 4679. Targets are 4690, 4699 and 4711.

Plan B: Short only if the market failed to support above 4679. Targets are 4669, 4655 and 4645.

E-Mini Nasdaq

U.S. stock index futures were little changed during early morning trading on Tuesday after the major averages started the week in the red as Covid omicron fears hit sentiment.

The Nasdaq Composite fell 1.39% as investors rotated out of technology stocks with high valuations.

The market will get fresh inflation data Tuesday when November’s producer price index number is reported. Economists are expecting it to show that prices rose 0.5% for the month, according to estimates from Dow Jones. This would be a slight slowdown from October’s 0.6% increase.

The central bank will release a statement on Wednesday with quarterly projections for the economy, inflation and interest rates.

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Plan A: Long if the market supported firmly above 16112. Targets are 16145, 16170 and 16205.

Plan B: Short if market failed to support above 16112. Targets are 16082, 16051 and 16022.

HSI

China and Hong Kong stocks rose on Monday as China's top leaders vowed to prioritize economic stability in 2022, fueling hopes for more stimulus to aid a slowing economy.

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Plan A: Attempt sell if market trades below 23920. Targets are 23767 and 23382.

Plan B : Consider long if market supports above 23767 and rebound. Targets are 23920 and 24017.

WTI Crude

Oil fell on Monday as new doubts emerged about the effectiveness of vaccines against Omicron coronavirus variant, though OPEC predicted in its monthly report that the variant's impact on fuel demand will be mild.

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Plan A: Remain buy as long as oil price stays firm above 70.8. Targets are 72.7 and 73.6.

Plan B : Consider sell if oil price fails to hold above 70.8. Targets are 69.8 and 67.4.

Gold

Gold prices inched higher on Monday as investors squared positions ahead of key central bank meetings this week, with the Federal Reserve likely to signal the pace at which it may wind down pandemic-era economic support measures.

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Plan A: Remain to sell as long as gold price stays below 1791.4. Targets are 1780 and 1768.7.

Plan B: Consider long if gold price trades resiliently above 1780.0.  Targets are 1791.4 and 1800.5.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.