WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.
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Plan A: Remain buy as long as market trades firmly above 33621. Targets are 33840 and 33959.
Plan B: Consider short if market fails to hold above 33621. Targets are 33354 and 33058.
E-Mini S&P 500
Stocks rebounded sharply on Wednesday despite a continued surge in oil prices amid the intensifying conflict between Russia and Ukraine.
The S&P 500 added 1.86% to 4,386.54.
Stocks moved higher as Fed Chair Jerome Powell testified before Congress for his semiannual monetary policy update. The central bank chief said that rate hikes are likely to begin this month despite the “highly uncertain” impact of the war in Ukraine, and that the Fed would make progress on but not finalize a plan to reduce its balance sheet.
Government bond yields also rebounded Wednesday in an unusually large move. The benchmark 10-year note rose to about 1.9% after falling below 1.7% the day before. It was the biggest one-day move for the 10-year since 2020.
Stocks rebounded sharply on Wednesday despite a continued surge in oil prices amid the intensifying conflict between Russia and Ukraine.
The S&P 500 added 1.86% to 4,386.54.
Stocks moved higher as Fed Chair Jerome Powell testified before Congress for his semiannual monetary policy update. The central bank chief said that rate hikes are likely to begin this month despite the “highly uncertain” impact of the war in Ukraine, and that the Fed would make progress on but not finalize a plan to reduce its balance sheet.
Government bond yields also rebounded Wednesday in an unusually large move. The benchmark 10-year note rose to about 1.9% after falling below 1.7% the day before. It was the biggest one-day move for the 10-year since 2020.
The S&P 500 added 1.86% to 4,386.54.
Stocks moved higher as Fed Chair Jerome Powell testified before Congress for his semiannual monetary policy update. The central bank chief said that rate hikes are likely to begin this month despite the “highly uncertain” impact of the war in Ukraine, and that the Fed would make progress on but not finalize a plan to reduce its balance sheet.
Government bond yields also rebounded Wednesday in an unusually large move. The benchmark 10-year note rose to about 1.9% after falling below 1.7% the day before. It was the biggest one-day move for the 10-year since 2020.
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Plan A: Long if market supported firmly above 4395. Targets are 4406, 4418 and 4421.
Plan B: Short only if the market failed to support above 4395. Targets are 4389, 4376 and 4360.
E-Mini Nasdaq
U.S. stock index futures edged mildly higher in early morning trading Thursday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine.
Nasdaq Composite added 1.62%.The yield on the benchmark U.S. 10-year Treasury advanced Wednesday to about 1.9%, after dipping below 1.7% during the prior session.
A strong private payrolls report on Wednesday also boosted sentiment on Wall Street. On Thursday weekly jobless claims will be posted, with economists calling for a print of 225,000, according to estimates from Dow Jones.
The reading comes ahead of February’s highly-anticipated jobs report, which will be released Friday. Economists are expecting 440,000 jobs to have been added during the month. January’s report showed an increase of 467,000.
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U.S. stock index futures edged mildly higher in early morning trading Thursday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine.
Nasdaq Composite added 1.62%.
The yield on the benchmark U.S. 10-year Treasury advanced Wednesday to about 1.9%, after dipping below 1.7% during the prior session.
A strong private payrolls report on Wednesday also boosted sentiment on Wall Street. On Thursday weekly jobless claims will be posted, with economists calling for a print of 225,000, according to estimates from Dow Jones.
The reading comes ahead of February’s highly-anticipated jobs report, which will be released Friday. Economists are expecting 440,000 jobs to have been added during the month. January’s report showed an increase of 467,000.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your December subscription.
Plan A: Long if the market supported firmly above 14211. Targets are 14244, 14279 and 14305.
Plan B: Short if market failed to support above 14211. Targets are 14183, 14151 and 14129.
HSI
China and Hong Kong shares closed lower on Wednesday, with Hang Seng falling to its 2-year low as investors dumped equities with high valuations, while worries over the impact of aggressive sanctions imposed against Russia also weighed on sentiment.
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Plan A: Remain short as long as market stays below 22529. Targets are 22301 and 22220.
Plan B : Consider long if market supports firmly above 22301 and rebound. Targets are 22529 and 22714.
WTI Crude
U.S. oil climbed to the highest level in more than a decade in Wednesday trade, with global benchmark Brent topping $113 per barrel after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady.
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Plan A: Remain buy as long as oil price stays firm above 109.6. Targets are 115.2 and 118.6.
Plan B : Consider short if oil price falls back below 109.6. Targets are 104.1 and 100.6.
Gold
Gold slipped on Wednesday due to an uptick in risk appetite and U.S. bond yields.
Gold
Gold slipped on Wednesday due to an uptick in risk appetite and U.S. bond yields.
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Plan A: Remain buy as long as gold price trades firmly above 1930.6. Targets are 1942.5 and 1957.3.
Plan B: Consider short if gold price trades below 1942.5. Targets are 1930.6 and 1918.7.
Plan B: Consider short if gold price trades below 1942.5. Targets are 1930.6 and 1918.7.
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