WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A: Remain short as long as market stays below 34909. Targets are 34500 and 34316.
Plan B: Consider long if market able to stabilize above 34500 and rebound. Targets are 34621 and 34909.
E-Mini S&P 500
Stocks moved lower on Thursday, giving up their sharp gains from earlier in the session, as Wall Street continues to struggle this year in a rising interest rate environment.
The S&P declined 1.1% after earlier advancing 1.53%.
Stocks moved lower as government bond yields remained elevated, part of a market repricing as the Federal Reserve gets set to tighten monetary policy. The central bank meets next week, with markets indicating just a slight chance of action on interest rates. However, traders have fully priced in the first of what is expected to be four 0.25 percentage point hikes through 2022.
The two-year Treasury, which is most closely tied to Fed rate policy, most recently yielded about 1.04%, while the benchmark 10-year note touched a high of 1.87%.
Stocks moved lower on Thursday, giving up their sharp gains from earlier in the session, as Wall Street continues to struggle this year in a rising interest rate environment.
The S&P declined 1.1% after earlier advancing 1.53%.
Stocks moved lower as government bond yields remained elevated, part of a market repricing as the Federal Reserve gets set to tighten monetary policy. The central bank meets next week, with markets indicating just a slight chance of action on interest rates. However, traders have fully priced in the first of what is expected to be four 0.25 percentage point hikes through 2022.
The two-year Treasury, which is most closely tied to Fed rate policy, most recently yielded about 1.04%, while the benchmark 10-year note touched a high of 1.87%.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your February subscription.
Plan A : Short if market failed to support above 4452. Targets are 4440, 4431 and 4419.
Plan B : Long if market supported firm above 4452. Targets are 4465, 4477 and 4489.
E-Mini Nasdaq
U.S. stock index futures were lower during overnight trading Thursday following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading.
Thursday’s slide puts the Nasdaq Composite further in correction territory — more than 10% below its November record — as rising rates pressure technology stocks since future profits begin to look less attractive.
Shares of Netflix tumbled 19% during extended trading on Thursday after the company’s fourth-quarter earnings report showed a slowdown in subscriber growth.
Jobless claims for the week ended Jan.15 totaled 286,000 for the week, their highest level since October. The read was well above the Dow Jones estimate of 225,000 and a substantial gain from the previous week’s 231,000.
U.S. stock index futures were lower during overnight trading Thursday following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading.
Thursday’s slide puts the Nasdaq Composite further in correction territory — more than 10% below its November record — as rising rates pressure technology stocks since future profits begin to look less attractive.
Shares of Netflix tumbled 19% during extended trading on Thursday after the company’s fourth-quarter earnings report showed a slowdown in subscriber growth.
Jobless claims for the week ended Jan.15 totaled 286,000 for the week, their highest level since October. The read was well above the Dow Jones estimate of 225,000 and a substantial gain from the previous week’s 231,000.
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