Wednesday, September 4, 2019

05 September 2019 Foreign

FUTURESCOIN IS GOING GLOBAL TODAY


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

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E-Mini Dow

U.S. stock index futures rose on Wednesday after encouraging data from China allayed concerns of slowing global growth in the backdrop of an ongoing trade dispute between the United States and China.

A private survey showed activity in China’s services sector expanded at the fastest pace in three months in August, a boost to the world’s second-largest economy struggling to reverse a prolonged slump in its manufacturing sector.

At 7:17 a.m. ET, Dow e-minis were up 195 points, or 0.75%. 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Continue to hold long if market stays above 26292
Plan B : Cut below 26260. Targets seen at 26325, 26365 & 26399.
Plan C : Attempt to short if market falls below 26370
Plan D : Cut above 26405. Targets seen at 26330, 26295 & 26265. 



E-Mini S&P 500

Stocks rose sharply on Wednesday as tensions in Hong Kong between the government and protesters eased after the withdrawal of a controversial bill. The S&P 500 gained 1.08% or +31.51 points to close at 2937.78, led by a 1.7% surge in the tech sector.

The S&P 500 has closed within a 100-point range for about the last month, but the continued strength in technology stocks should finally drive it higher, Mark Newton of Newton Advisors predicted Wednesday on CNBC.

The technical analyst said his prediction are rooted in the strength of technology stocks, which he noted are 22% of the companies in the S&P 500. On Wednesday, the Technology Select Sector SPDR Fund, an exchange-traded fund tracking the S&P 500's tech and telecom stocks, rose 1.7% to 79.9. It is inching closer to its 52-week high 82.78 in July, Newton said.

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Plan A : Buy if market supported firm above 2943.50. Targets are 2958.25, 2969.25 and 2977.50.
Plan B : Sell only if market failed to support above 2943.50. Targets are 2928.50, 2917.50 and 2907.75. 



E-Mini Nasdaq

Wednesday's session closed with the Nasdaq Composite Index at 7976.88, +102.72 points or +1.3%. The total shares traded for the Nasdaq was over 1.9 billion. Advancers stocks led declining by 2.09 to 1 ratio.

The Nasdaq 100 Index closed up 1.44% for the day; a total of 109.74 points. Ulta Beauty Inc. had the largest percent change down, -3.64% while Activision Blizzard Inc. had the largest percent change gain rising 4.78%.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Buy if market supported firm above 7752.50. Targets are 7792.25, 7820.75 and 7851.50.
Plan B : Sell if market failed to support above 7752.50. Targets are 7712.50, 7683.25 and 7653.75.

HSI
Hong Kong's main share index .HSI surged more than 4% on Wednesday, ahead of the government's formal withdrawal of the proposed extradition bill that sparked three months of protests in the former British colony. 

Hong Kong Chief Executive Carrie Lam later announced the formal withdrawal of the bill at a meeting after markets closed, a source at that meeting told Reuters. The move would meet one of the protesters’ key demands. 

The Hang Seng closed at its highest in a month at 26,523.23 points, having rallied over 4% at one point.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Above 26740, do nothing
Plan B : Below 26180, do nothing
Plan C : Attempt selling if market does not breach above 26740
Plan D : Cut above 26820
Plan E : Consider buying if market rebounds from 26263
Plan F : Cut below 26180



Gold

Gold prices dropped on Thursday as risk-on sentiment got a boost after China and the United States agreed to hold talks to end their protracted trade dispute.

Spot gold fell 0.6% to $1543.78 per ounce as of 0745 GMT, set to snap a three-day gaining streak. Prices touched $1557 on Wednesday, their highest since April 2013.

U.S. gold futures dropped 0.5% to $1552.60 per ounce.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Sell if market failed to support above 1544.60. Targets are 1536.50 and 1528.25.
Plan B : Buy only if market retraced then supported above 1544.60. Targets are 1552.50 and 1561.20. 


WTI Crude Oil
The bleak outlook on the overall global economy has 
combined with the trade war worries to pressure prices over the last few days, but today's economic data that is just in from China have caused oil prices to surge on Wednesday afternoon.

At 12:17pm EDT, WTI crude was trading up 4.21% for a gain of $2.27 on the day, at $56.21 per barrel.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Buy if market supported firm above 56.05. Targets are 56.34 and 56.65.

Plan B : Sell if market failed to support above 56.05. Targets are 55.75 and 55.45.


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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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.

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