FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
E-Mini Dow
U.S. stock index futures slipped on Thursday after a two-day rally as investors braced for what is expected to be one of the worst domestic jobless claims reports in history, underscoring the wide-ranging economic damage from the coronavirus pandemic.
Traders expect wild swings in the market to continue until there is evidence of a peaking in new coronavirus cases.
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Plan A : Attempt to short if market does not breach above 22665. Targets are 22630, 22590 and 22545.
Plan B : Cut above 22705.
Plan C : Continue to hold long as long as market stays above 22200. Targets are 22235, 22275 and 22320.
Plan D : Cut below 22165.
Plan D : Cut below 22165.
E-Mini S&P 500
The stock market's three day win streak may be in jeopardy.
Canaccord Genuity's Tony Dwyer warns the S&P 500 just hit a level that sets the stage for another meltdown as the country copes with the coronavirus impact.
The S&P 500 is coming off its biggest three day gain since 1933. On Thursday, it closed up more than 6% to 2,630. However, it's still almost 23% off its record high.
The S&P isn't the only index seeing upside momentum. The Dow is also seeing its best three day run since the 1930's.
The stock market's three day win streak may be in jeopardy.
Canaccord Genuity's Tony Dwyer warns the S&P 500 just hit a level that sets the stage for another meltdown as the country copes with the coronavirus impact.
The S&P 500 is coming off its biggest three day gain since 1933. On Thursday, it closed up more than 6% to 2,630. However, it's still almost 23% off its record high.
The S&P isn't the only index seeing upside momentum. The Dow is also seeing its best three day run since the 1930's.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Long if market supported firm above 2556.50. Targets are 2575.75, 2597.25 and 2616.50.
Plan B : Short if market failed to support above 2556.50. Targets are 2535.25, 2516.25 and 2494.25.
Plan A : Long if market supported firm above 2556.50. Targets are 2575.75, 2597.25 and 2616.50.
Plan B : Short if market failed to support above 2556.50. Targets are 2535.25, 2516.25 and 2494.25.
Plan B : Short if market failed to support above 2556.50. Targets are 2535.25, 2516.25 and 2494.25.
E-Mini Nasdaq
The coronavirus has created unprecedented problems for the economy and stocks, but in one way, it’s suddenly acting just like previous massive sell-offs: The selling has been followed by a big bounce. After the worst five-day run for stocks since 2008, stocks surged, with the Dow having its best day since 1933 on Tuesday. In less than 48 hours, the Dow rose 13%, posting its first back-to-back gains since February.
The financial stimulus package from the federal government that was passed by the Senate on Wednesday night, and the actions taken by the Federal Reserve to pour money into the banking system and markets, have restored some investor confidence. But recent history of the Dow and S&P 500 shows that big rebounds should not be a surprise. In each of the past worst five-day periods for stocks, the market went on a tear in the following week, 100% of the time, with the type of big gains we’ve seen in the past few days, according to a CNBC analysis of data from Kensho.
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Plan A : Long if market supported firm above 7697.50. Targets are 7734.50, 7765.75 and 7796.25.
Plan B : Short if market failed to support above 7697.50. Targets are 7656.25, 7629.50 and 7595.25.
Plan B : Short if market failed to support above 7697.50. Targets are 7656.25, 7629.50 and 7595.25.
HSI
HSI
Hong Kong shares fell on Thursday after two days of strong gains as expectations of a jump in U.S. jobless claims offset some short-lived strength stemming from the passage of a massive stimulus bill by the U.S. Senate.
At the close of trade, the Hang Seng index was down 174.85 points or 0.74% at 23,352.34 after gaining more than 8% over the previous two days.
Hong Kong shares fell on Thursday after two days of strong gains as expectations of a jump in U.S. jobless claims offset some short-lived strength stemming from the passage of a massive stimulus bill by the U.S. Senate.
At the close of trade, the Hang Seng index was down 174.85 points or 0.74% at 23,352.34 after gaining more than 8% over the previous two days.
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Plan A : Consider to short if market does not breach above 24105. Targets are 24020 and 23935. Cut above 24180.
Plan B : Continue to hold long if market trades firmly above 23430. Targets are 23515 and 23610. Cut below 23345.
WTI Crude
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes of a U.S. $2 trillion emergency stimulus will shore up economic activity.
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Plan A : Attempt buy if oil price holds firm above 23.1
Plan B : Cut below 22.8
Plan C : Consider selling if oil price recovers but fails to breach above 23.8
Plan D : Cut above 24.6
Gold
Gold prices jumped to a two-week high on Thursday, after a record surge in U.S. jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic.
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Plan A : Attempt buy if gold price trades firmly above 1624.3
Plan B : Cut below 1620
Plan C : Consider selling if gold price surges but fails to breach above 1638
Plan D : Cut above 1644.8
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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