01 April 2022 Foreign

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

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E-Mini Dow

U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.

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Plan A: Remain short as long as market trades below 34960. Targets are 34570 and 34277.

Plan B: Consider long if market supports well above 34590. Targets are 34863 and 34960.

E-Mini S&P 500

Stocks fell for the second straight session on Thursday as traders wrapped up a rocky first quarter for Wall Street.

The S&P 500 shed 1.57% to 4,530.41.

On the data front, core PCE prices, a key inflation measure watched by the Fed, came in at 5.4% growth year over year for February. That was just below the expectations of 5.5%.

weekly jobless claims came in at 202,000. Economists surveyed by Dow Jones were expecting 196,000. Personal income rose 0.5%, meeting expectations, while consumer spending rose less than expected.

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Plan A: Long if market retraced and supported firm above 4546. Targets are 4559, 4562 and 4575. 

Plan B : Short if market failed to support above 4546. Targets are 4538, 4521 and 4516.

E-Mini Nasdaq

Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator.

Investors were also awaiting the official jobs report for March, which the Labor Department will release at 8:30 a.m. ET on Friday.

The Nasdaq Composite was down 1.54% to 14,220.52. Losses deepened in the final hour of trading, and stocks closed at session lows.

AMD shares slid more than 8% after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dropped 6.5% and 7.6%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley.

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Plan A: Long if market supported firm above 14895. Targets are 14927 and 14952.

Plan B: Short if market failed to support above 14895. Targets are 14863 and 14832.

HSI

Hong Kong stocks ended lower after data showing activity in the country's factory and services sectors swung into the negative territory in March raised worries over the impact of the fresh COVID-19 restrictions on the economy.

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Plan A: Remain short as long as market trades below 22000. Targets are 21600 and 21300.

Plan B: Consider long if market supports well above 21740. Targets are 21900 and 22100.

WTI Crude

Oil prices tumbled on Thursday with the United States set to announce the largest ever release from its Strategic Petroleum Reserve, while OPEC+ stuck to its existing deal for May output.

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Plan A: Remain short as long as oil price stays below 103.10. Targets are 99.20 and 98.40.

Plan B: Consider long only if oil price supports well above 99.47 and rebound. Targets are 101.50 and 103.10.

Gold

Gold on Thursday was headed for its biggest quarterly gains since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.

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Plan A: Remain long as long as gold price stays firmly above 1925.8. Targets are 1945.3 and 1953.1.

Plan B: Consider short if gold price surges but failed to break 1955 and retrace. Targets are 1933.6 and 1925.8.

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.