02 January 2020 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

U.S. stock index futures dipped on Tuesday after retreating from record highs in the previous session, as a Wall Street rally, fueled by optimism around U.S.-China trade progress, fizzled out in the final days of the decade.

White House trade adviser Peter Navarro said on Monday the Phase 1 Sino-U.S. trade deal was likely to be signed in the next week, hours after South China Morning Post reported that Chinese Vice Premier Liu He would travel to Washington this week.

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Plan A : Attempt to long if market stays firm above 28515. Targets are 28545, 28585 and 28625.

Plan B : Cut below 28485.

Plan C : Consider to short if market does not breach above 28525. Targets are 28490, 28445 and 28400.

Plan D : Cut above 28560.



E-Mini S&P 500

Stocks ended higher Tuesday as Wall Street wrapped up a banner year that saw equities surge to record highs, overcoming concerns about the economy and a trade fight with China.

Tuesday’s performance capped a strong year for stocks. The S&P 500 was up 28.9% for 2019, its biggest one-year gain since 2013, when it rallied 29.6%. U.S. equities saw a strong performance in 2019, however, as 2020 begins, market players are still tracking trade developments as well as political risks.

U.S. President Donald Trump said Tuesday that he will be signing a first phase trade deal with China on January 15 at the White House. The president also announced that he will be going to Beijing at a later date when phase two talks begin.

Meanwhile, on the data front, jobless claims numbers are due at 8:30 a.m. ET and manufacturing PMIs at 9:45 a.m. ET.

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Plan A : Long if market supported firm above 3240.25. Targets are 3255.25, 3263.75 and 3272.25.
Plan B : Short if market failed to support above 3240.25. Targets are 3225.25, 3214.25 and 3205.25.

E-Mini Nasdaq

2019 was a year that began with investors courting a bear market and ended with the biggest gains from stocks since 2013.

Tuesday’s performance capped a strong year for stocks. The Nasdaq had its best one-year performance in six years after rallying 35.2% in 2019. Money flowed to the tech giants, cementing Apple and Microsoft’s position as trillion-dollar companies. 

U.S. stock index futures were higher Thursday morning, ahead of the first trading day of 2020.

At around 1:40 a.m. ET, Dow futures climbed 84 points, indicating a slightly higher open of 80 points. Futures on the S&P 500 and Nasdaq indexes were also higher.

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Plan A : Long if market supported firm above 8792.25. Targets are 8829.50, 8858.25 and 8885.75.
Plan B : Short if market failed to support above 8792.25. Targets are 8758.25, 8726.50 and 8692.75.

HSI

China’s stock market has clawed its way from the bottom of the major global index rankings toward the top this year, with a 36% jump in the main blue chip index set to trump the roaring rally in its Wall Street counterparts.

Also lagging the wider China rally was Hong Kong’s stock benchmark Hang Seng, which rose 9.1% in 2019, hurt by the city’s ongoing protests. The index fell 0.5% to 28,189.75 points on Tuesday in a half-day trading session.

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Plan A : Above 28402, do nothing
Plan B : Below 28193, do nothing
Plan C : Attempt to short if market still does not breach above 28319
Plan D : Cut above 28402
Plan E : Consider to long if market trades firmly above 28325
Plan F : Cut below 28255

WTI Crude

Following the larger than expected OPEC cut, Goldman Sachs raised its 2020 Brent crude and West Texas Intermediate crude forecast by $3 to $63 and $58.50 per barrel respectively, due to "more favorable inventories" following the cut.

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Plan A : Attempt selling if oil price stays below 61.42

Plan B : Cut above 61.60

Plan C : Consider buying if oil price trades firmly above 61.20

Plan D : Cut below 60.82

Gold

Gold prices rose on Tuesday to a three-month high as the dollar weakened, with the precious metal set for its biggest annual rise in nearly a decade in 2019, when the U.S.-China trade war had investors seeking safe harbors from a possible recession.

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Plan A : Attempt buying if gold price stays firm above 1514.2

Plan B : Cut below 1510.5

Plan C : Consider selling if gold price fails to hold above 1514.2

Plan D : Cut above 1521.2

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.