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 a long as market trades firmly above 34567. Targets are 34836 and 35019.
Plan B: Consider short if market surges but fails to breach above 35019. Targets are 34567 and 34334.
E-Mini S&P 500
The S&P 500 rose on Monday, extending two weeks of gains, as investors shook off recession concerns and bid tech shares higher.
The S&P 500 gained 0.7% to 4,575.52. The S&P 500 hit its high of the session as crude oil hit its low of the day, down more than 11%.
Investors continue to keep a close eye on the Fed. Wall Street firms from Goldman Sachs to Bank of America penciled in half-point hikes in future Fed meetings this year after the central bank’s chair Jerome Powell vowed to be tough on inflation and said rate increases could become more aggressive if necessary.
The closely watched monthly jobs report release happens on Friday. Economists expect 460,000 jobs were added in March and the unemployment rate fell to 3.7%, according to Dow Jones. That compares to the 678,000 non-farm payrolls added in February and an unemployment rate of 3.8%.
The S&P 500 rose on Monday, extending two weeks of gains, as investors shook off recession concerns and bid tech shares higher.
The S&P 500 gained 0.7% to 4,575.52. The S&P 500 hit its high of the session as crude oil hit its low of the day, down more than 11%.
Investors continue to keep a close eye on the Fed. Wall Street firms from Goldman Sachs to Bank of America penciled in half-point hikes in future Fed meetings this year after the central bank’s chair Jerome Powell vowed to be tough on inflation and said rate increases could become more aggressive if necessary.
The closely watched monthly jobs report release happens on Friday. Economists expect 460,000 jobs were added in March and the unemployment rate fell to 3.7%, according to Dow Jones. That compares to the 678,000 non-farm payrolls added in February and an unemployment rate of 3.8%.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your April subscription.
Plan A: Long if market retraced and supported firm above 4461. Targets are 4470, 4482 and 4493.
Plan B : Short if market failed to support above 4461. Targets are 4450, 4439 and 4428.
E-Mini Nasdaq
Major averages struggled to start Monday after a part of the Treasury yield curve briefly inverted overnight, raising some recession fears. The yield on the 5-year Treasury note rose to 2.6361%, while the 30-year yield was down less than 1 basis point to 2.6004%. The spread ended the day negative, with the 30-year yielding below the 5-year for the first time since March 2006.
Investors continue to monitor developments in Russia’s war on Ukraine. Peace talks between the two nations are set to continue this week, with delegations from both countries traveling to Turkey on Monday. Kremlin spokesperson Dmitry Peskov told reporters that discussions were likely to resume Tuesday.
Major averages struggled to start Monday after a part of the Treasury yield curve briefly inverted overnight, raising some recession fears. The yield on the 5-year Treasury note rose to 2.6361%, while the 30-year yield was down less than 1 basis point to 2.6004%. The spread ended the day negative, with the 30-year yielding below the 5-year for the first time since March 2006.
Investors continue to monitor developments in Russia’s war on Ukraine. Peace talks between the two nations are set to continue this week, with delegations from both countries traveling to Turkey on Monday. Kremlin spokesperson Dmitry Peskov told reporters that discussions were likely to resume Tuesday.
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