18 November 2019 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

Dow Jones indexes was set to hit fresh record highs at the open, as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood.

On Friday, U.S. Commerce Secretary Wilbur Ross said there would be a call between U.S. and Chinese officials later in the day as both sides continue to hammer out a phase one trade pact, but added U.S. tariffs on Chinese imports could still start Dec. 15.

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Plan A : Continue to hold long as long as market stays above 27964. Targets are 27999, 28035 and 28080.

Plan B : Cut below 27925

Plan C : Attempt to sell if market falls below 27965. Targets are 27925, 27890 and 27855.

Plan D : Cut above 28005.

E-Mini S&P 500

Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress toward a deal.

Stocks ended the week at record highs, but Treasury yields unwound half the big move of the prior week, as doubts surfaced about a trade pact getting completed.

The S&P 500 ended the week up 0.77% at 3,120.46, up 24.5% so far this year.

In the coming week, there is a last blast of earnings, from a few big retailers including Home Depot, Macy's and Target. Walmart in the past week raised its outlook and said consumers looked healthy going into the holiday season.

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Plan A : Short if market failed to support above 3109.25. Targets 3095.25, 3084.50 and 3073.75.
Plan B : Long if market retraced but supported firm above 3092.25. Targets are 3107.25, 3116.75 and 3126.75.

E-Mini Nasdaq

On Friday, the S&P 500, Dow and Nasdaq hit all-time highs. The Nasdaq ended higher by 0.73% at 8540.83.

December E-mini NASDAQ-100 Index futures reached a new record high on Friday and is currently in a position to post a new record close. The rally is being fueled by optimistic comments from two high-ranking White House officials who made comments suggesting an imminent trade deal between the United States and China.

There are some economic releases, but the most important report will be the Fed’s minutes from its last meeting. At that meeting, the Fed cut interest rates and Fed Chairman Jerome Powell signaled that it was done with policy changes for now.

There is housing data with housing starts Tuesday and existing home sales Thursday. There is also Markit manufacturing and services PMI, which will be watched carefully Friday for signs of a pickup in manufacturing activity or any spillover from manufacturing weakness into services.

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Plan A : Short if market failed to support above 8314.25. Targets are 8274.50, 8245.25 and 8215.50.
Plan B : Long if market retraced but supported firm above 8265.25. Targets are 8305.25, 8332.75 and 8360.25.

HSI

Hong Kong stocks gave back earlier gains to end flat on Friday, posting their worst week in more than three months, on concerns over the persistent political unrest and uncertainty around Sino-U.S. trade deal.

The Hang Seng index was unchanged at 26,326.66.

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Plan A : Above 26787, do nothing
Plan B : Below 26069, do nothing
Plan C : Attempt to long if market does not fall below 26494
Plan D : Cut below 26405
Plan E : Consider to short if market recovers but does not breach above 26705
Plan F : Cut above 26787

WTI Crude

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices.

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Plan A : Remain buy as long as oil price stays above 57.4

Plan B : Exit below 57.3

Plan C : Consider selling if oil price surges but fails to breach above 57.9

Plan D : Cut above 58.5

Gold

Gold prices slipped on Friday, on track to break a three-session winning streak as stock markets hit record highs following comments from U.S. officials that progress was being made on the "phase one" trade agreement with China.

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Plan A : Consider selling if gold price fails to stay above 1468.9

Plan B : Cut above 1474.6

Plan C : Attempt buying if gold trades resiliently above 1468.9

Plan D : Cut below 1462

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.