WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
If you like what we are doing, kindly like and share our page on FB. Follow us on FB for more updates.
Click here to contact us: https://goo.gl/B6Dccf
Click here to contact us: https://goo.gl/B6Dccf
E-Mini Dow
Wall Street's three major indexes closed lower on Wednesday as investors bet that the latest economic data would do nothing to push the Federal Reserve off track from its aggressive interest rate hiking cycle aimed at taming run-away inflation.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.
Plan A: Remain short as long as market trades below 33008. Targets are 32617 and 32422.
Plan B: Consider long if market stays above 33008. Targets are 33203 and 33594.
E-Mini S&P 500U.S. stocks pulled back in choppy trading Wednesday amid worries about the health of the economy, as Wall Street turned the page to another month following a volatile May.
The S&P 500 eased about 0.8% to 4,101.23.
Financial stocks comprised the worst-performing S&P 500 sector Wednesday. Goldman Sachs and JPMorgan Chase each pulled back more than 1%.
The Fed has raised rates twice this year, with one of those hikes being for 50 basis points. The central bank has also signaled it intends to keep raising rates to fight inflation. On Wednesday, San Francisco Fed President Mary Daly said she backs raising interest rates aggressively until inflation quells.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your May subscription.
U.S. stocks pulled back in choppy trading Wednesday amid worries about the health of the economy, as Wall Street turned the page to another month following a volatile May.
The S&P 500 eased about 0.8% to 4,101.23.
Financial stocks comprised the worst-performing S&P 500 sector Wednesday. Goldman Sachs and JPMorgan Chase each pulled back more than 1%.
The Fed has raised rates twice this year, with one of those hikes being for 50 basis points. The central bank has also signaled it intends to keep raising rates to fight inflation. On Wednesday, San Francisco Fed President Mary Daly said she backs raising interest rates aggressively until inflation quells.
The S&P 500 eased about 0.8% to 4,101.23.
Financial stocks comprised the worst-performing S&P 500 sector Wednesday. Goldman Sachs and JPMorgan Chase each pulled back more than 1%.
The Fed has raised rates twice this year, with one of those hikes being for 50 basis points. The central bank has also signaled it intends to keep raising rates to fight inflation. On Wednesday, San Francisco Fed President Mary Daly said she backs raising interest rates aggressively until inflation quells.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your May subscription.
Plan A: Short if market failed to support above 4098. Targets are 4082 and 4076.
Plan B: Long only if market supported firm above 4098. Targets are 4104 and 4119.
E-Mini Nasdaq
U.S. stock futures were little changed early Thursday morning as economic concerns dragged down investor sentiment.
The technology-heavy Nasdaq Composite retreated 0.7% to 11,994.46.
The number of April job openings, released Wednesday, declined sharply from the previous month — but the findings suggest the job market remains tight. Further, the Institute for Supply Management said its manufacturing PMI came in at 56.1 for May, up from 55.4 the month before.
The benchmark U.S. Treasury yield climbed Wednesday. Rising rates discount the value of future earnings and can make stocks look less attractive.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your May subscription.
Plan A: Short if market failed to support above 12546. Targets are 12517 and 12480.
Plan B: Long if market supported firm above 12546. Targets are 12574 and 12606.
HSI
Hong Kong's Hang Seng Index opened evenly but wobbled lower, finishing off 0.6% as tech issues again lost footing.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.
Plan A: Remain short if the market stays below 21250. Targets are 20325 and 20313.
Plan B: Consider long only if the market stays above 20625. Targets are 21094 and 21250.
WTI Crude
Oil prices rose on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.
Plan A: Remain short as long as oil price stays below 115.63. Targets are 111.72 and 110.94.
Plan B: Consider long only if oil price stays above 109.38. Targets are 112.5 and 115.63.
Gold
Gold prices rose from a two-week low on Wednesday as investors looked toward the safe-haven metal amid worries over an increase in inflation primarily due to rising fuel prices, although a stronger dollar and higher U.S. yields kept gains in check.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.
Plan A: Remain short as long as gold price stays below 1859.4. Targets are 1843.8 and 1835.9.
Plan B: Attempts long only if gold price stays above 1835.9. Targets are 1851.6 and 1859.4.
No comments:
Post a Comment