01 June 2020 BMD

We are expanding to global markets. 

 See next article for the trade plan.

LOCAL MARKET

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FKLI

FKLI climbed to settle at the monthly's peak on the last trading day of May, with the contribution in the strong recovery in KLCI. However, there was some last minute pull back in June contract where the market dropped near 20-points prior to closing.

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Plan A : Attempt to short if market opens below 1456. Targets are 1452, 1448 and 1444. Cut above 1461.

Plan B : Long if market tested and rebounds from 1445. Targets are 1449, 1452 and 1456. Cut below 1440.

FCPO

FCPO continue to walk up North after taking a breather the previous days. Dalian closed +90 ended 4830 while soybean oil +0.35. Ringgit strengthen against the greenback at RM4.31.

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Plan A : Long if market supported firm above 2342. Targets are 2365 and 2389.

Plan B : Short if market failed to support above 2342. Targets are 2321 and 2298.

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.

01 June 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 futures dropped on Friday as investors braced for President Donald Trump’s response to China’s national security legislation for Hong Kong, threatening to take the shine off another month of strong gains for Wall Street.

Trump is due to make an announcement later in the day and has vowed a tough U.S. response to China’s move, which many fear could erode some of the U.S. economic privileges that Hong Kong enjoys.

U.S. stock indexes sold off late in Thursday’s session as worries about souring relations between the world’s two biggest economies and an expected executive order related to social media companies weighed on the sentiment.

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Plan A : Short if market falls below 25275. Targets are 25230 and 25175.

Plan B : Cut above 25310.

Plan C : Attempt to long if market tested and rebounds from 25075. Targets are 25120 and 25175.

Plan D : Cut below 25030.

E-Mini S&P 500

The Dow fell 17.53  points, or 0.07%, to 25,383.11. The S&P 500 climbed 0.48% to 3,044.31. The Nasdaq Composite advanced 1.29% to 9,489.87. Stocks closed well off their session lows after President Donald Trump’s much-awaited news conference on China.

Last week’s gains led the major averages to their first back-to-back monthly advances since late 2019. The Dow and S&P 500 gained 4.3% and 4.5%, respectively, for May while the Nasdaq Composite advanced 6.8%.

That advance also put the S&P 500 up 38% from its intraday low set on March 23.

During the news conference, Trump said he would take action to eliminate special treatment towards Hong Kong. However, he did not indicate the U.S. would pull out of the phase one trade agreement reached with China earlier this year, easing trader concerns for the time being.

Shares of semiconductor companies rose broadly following Trump’s news conference. The iShares PHLX Semiconductor

ETF(SOXX) closed 2.56%  higher. Micron, Nvidia and Qorvo climbed 3.10%, 4.58% and 3.94%, respectively.

Manufacturing and construction spending data are set for release Monday.

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Plan A : Short if market failed to support above 3031.25. Targets are 3006.50, 2983.50 and 2961.25.
Plan B : Long if market supported firm above 3031.25. Targets are 3055.25, 3078.50 and 3099.25.

E-Mini Nasdaq

U.S. stock futures nudged higher early Monday morning as Wall Street looks set to kick off June trading in positive territory after consecutive monthly gains.

Dow futures traded 61 points higher, with an implied Monday opening gain of about 85 points. S&P 500 and Nasdaq 100 futures also pointed to a positive open for the two indexes.

The moves in futures followed positive momentum in Monday trade for Asia, with Hong Kong’s Hang Seng Index surging more than 3% in the afternoon. That came as data showed China’s manufacturing activity in expanding in May. Investors have been monitoring China’s economic data for signs of recovery in the country, where the coronavirus was first reported.

The S&P 500 and Dow each gained at least 3% last week while the Nasdaq Composite advanced 1.8% to close out May. Those gains were propelled by increasing bets by traders that the global economy will successfully re-open after the coronavirus forces a shutdown of most economic activity.

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Plan A : Long if market doesn't retrace much and supported firm above 9481.50. Targets are 9512.25, 9545.50 and 9571.75.

Plan B : Short if market failed to support above 9481.50. Targets are 9449.50, 9418.50 and 9390.75.

HSI

Hong Kong stocks fell on Friday to end the month lower amid rising Sino-U.S. tensions as Beijing passed a national security legislation for Hong Kong.

At the close of trade, the Hang Seng index was down 171.29 points, or 0.74%, at 22,961.47. 

For the week, HSI was up 0.1%. For the month, HSI shed 6.8%

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Plan A : Continue to short if market does not breach above 22822. Targets are 22735 and 22650. Cut above 22907.

Plan B : Attempt to long if market rebounds from 22395. Targets are 22480 and 22565. Cut below 22310.

WTI Crude

Oil jumped more than 5% on Friday, the last trading day of the month, capping off its best month in history as an uptick in demand as well as record supply cuts pushed prices higher, West Texas Intermediate, the U.S. oil benchmark, finished May with a gain of 88%. 

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Plan A : Remain buy as long as oil price stays firm above 34.1

Plan B : Exit below 33.8

Plan C : Consider selling if oil price trades below 35.2

Plan D : Cut above 35.9

Gold

Gold rose 1% on Friday as caution set in with investors awaiting U.S. President Donald Trump's response to a Chinese national security law for Hong Kong and its potential impact on an already fragile global economy.

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Plan A : Remain buy as long as gold price stays above 1715

Plan B : Exit below 1709

Plan C : Consider selling if gold price falls below 1730

Plan D : Cut above 1738

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.

29 May 2020 BMD

We are expanding to global markets. 

 See next article for the trade plan.

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
https://www.facebook.com/Futurescoin-1564520737153902/

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 Click here to contact us : https://goo.gl/B6Dccf 

FKLI

FKLI again failed to sustain above 1460's despite it tipped again at 1461.5 for the second day consecutively. The market was struggling for almost the full session near 1450 until the final hour where the market climbed to close at 1459. 

The market is a little unclear of its direction yet, as both the buyers and sellers are struggling to bring the market to their favors.

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Plan A : Attempt to short if market opens below 1454. Targets are 1450, 1446 and 1442. Cut above 1459.

Plan B : Long if market tested and rebounds from 1445. Targets are 1449, 1452 and 1456. Cut below 1440.

FCPO

FCPO re-visited the low at 2240's today after the effort to climb near 2300 the previous day before the close. Dalian closed +26 ended 4766 while soybean oil -0.04 against  the greenback. Ringgit stays at RM4.34 against the greenback.

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Plan A : Long if market supported firm above 2282. Targets are 2309 and 2330.

Plan B : Short if market failed to support above 2282. Targets are 2261 and 2240.

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.

29 May 2020 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

Futures were largely unchanged after the Labor Department’s data showed more than 2 million Americans sought unemployment benefits for the 10th straight week. A separate report showed GDP contracted at a bigger-than-expected 5.0% annualized rate in the first quarter, the deepest drop in output since the 2007-09 Great Recession.

However, analysts have warned that worsening ties between Washington and Beijing over the handling of the coronavirus outbreak and the new national security law in Hong Kong pose a major threat to the stock market’s strong recovery from the crash earlier this year.

The Trump administration is crafting a range of options, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.S. officials and people familiar with the discussions.

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Plan A : Short if market falls below 25420. Targets are 25375 and 25330.

Plan B : Cut above 25465.

Plan C : Attempt to long if market rebounds from 25335. Targets are 25380 and 25425.

Plan D : Cut below 25290.

E-Mini S&P 500

The Dow fell 147.63 points, or 0.58%, to close at 25,400.64. The S&P 500 dipped 0.21% to 3,029.73. The Nasdaq Composite advanced 0.46% to 9,368.99. Stocks closed lower after President Donald Trump said he would hold a news conference regarding China on Friday. 

Trump’s announcement came after China's National People's Congress approved a national security bill for Hong Kong. The bill will bypass Hong Kong’s legislature, raising concerns over the longevity of Hong Kong’s “one party, two systems” principle, which allows additional freedoms mainland China does not have. That announcement sent stocks tumbling in the final hour of trading. Stocks had traded higher for most of the session as the latest unemployment data signaled the worst of the economic damage from the coronavirus pandemic may be over. 

Bank stocks fell broadly on Thursday, giving back some of their strong gains for the week. Citigroup fell 5.93% while JPMorgan Chase slid 1.49%. Bank of America dropped 4.31%. 

International trade numbers, along with personal income data, are set for release Friday. Federal Reserve Chairman Jerome Powell is also scheduled to speak.

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Plan A : Long if market doesn't retrace much and supported firm above 3029.25. Targets are 3053.25, 3076.25 and 3097.50.
Plan B : Short if market failed to support above 3029.25. Targets are 3003.25, 2980.25 and 2964.75. 

E-Mini Nasdaq

Stock futures slipped early Friday morning as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.

Dow futures dipped 127 points, implying a Friday opening dip of around 25 points. S&P 500 and Nasdaq 100 futures also pointed to a near flat open for the two indexes. 

Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city’s “one party, two systems” principle. That principle allows for additional freedoms that mainland China residents don’t have.

Tensions between China and the U.S. have risen lately as Trump criticizes the Chinese government’s response to the coronavirus outbreak. U.S. lawmakers have also been critical of China increasing its stronghold over Hong Kong.

Paul Christopher, head of global market strategy at Wells Fargo, said he expects more rhetoric from the U.S. regarding Hong Kong and China, noting: “It could end up being a headwind once the market finishes pricing in all of this hopium.”

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Plan A : Long if market doesn't retrace much and supported firm above 9443.25. Targets are 9470.25, 9507.75 and 9535.25.
Plan B : Short if market failed to support above 9443.25. Targets are 9410.25, 9379.50 and 9353.25.

HSI

Hong Kong shares ended lower in a volatile session on Thursday, as U.S.-China tensions escalated over a new security law, after Washington threatened to withdraw a special status given to the city. 

The Hang Seng index closed down 0.7% at 23,132.76, after falling more than 2% mid-session to its lowest level since May 25.

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Plan A : Continue to short if market does not breach above 23005. Targets are 22920 and 23835. Cut above 23090.

Plan B : Attempt to long if market rebounds from 23005. Targets are 23090 and 23175. Cut below 22930.

Gold

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fueled demand for the safe-haven metal.

Spot gold was up 0.1% at $1,719.47 per ounce by 0342 GMT. U.S. gold futures rose 0.3% to $1,717.60.

However, the metal was down for the week, having dropped to a two-week low on Wednesday as easing lockdown measures around the world boosted hopes of an economic recovery.

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Plan A : Long if market retraced but supported firm above 1719.10. Targets are 1727.50 and 1732.90.
Plan B : Short if market failed to support above 1719.10. Targets are 1711.20 and 1705.70.

WTI Crude 

Oil prices edged lower on Friday after U.S. inventory data showed lackluster fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.

Brent crude slipped 25 cents, or 0.7%, to $35.04 a barrel by 0334 GMT and U.S. West Texas Intermediate crude was at $33.18 a barrel, down 53 cents, or 1.6%. Still, both contracts are set for a fifth weekly gain, helped by production cuts and optimism about demand recovery in other countries.

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Plan A : Long if market supported firm above 32.97. Targets are 33.42 and 31.02.
Plan B : Short if market failed to support above 32.97. Targets are 33.40 and 32.90.

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.

28 May 2020 BMD

We are expanding to global markets. 

 See next article for the trade plan.

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
https://www.facebook.com/Futurescoin-1564520737153902/

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 Click here to contact us : https://goo.gl/B6Dccf 

FKLI

FKLI rallied to the tip at 1461.5 with the contribution from the overnight Dow. However, the market failed to sustain above this level and gradually declined to 1445.5 before it then climbed to close at 1453.5. 

With the firm close of more than 500-points from the overnight Dow, we can expect FKLI to have a higher opening today but we shall see if it can sustain above 1450's.

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Plan A : Attempt to short if marketdoes not break above 1466. Targets are 1461, 1457 and 1451. Cut above 1470.

Plan B : Long if market stays firm above 1453.5. Targets are 1457, 1461 and 1465. Cut below 1449.

FCPO

FCPO had a brief touch at 2300 today before sliding back to 2240's. Market is taking a breather after a streak of gains the previous days. Dalian closed +94 ended 4738 while soybean oil -0.19. Ringgit stays at RM4.35 against the greenback.

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Plan A : Long if market supported firm above 2264. Targets are 2289 and 2312.

Plan B : Short if market failed to support above 2264. Targets are 2242 and 2218.

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.

28 May 2020 Foreign

FUTURESCOIN IS GOING GLOBAL

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

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

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E-Mini Dow

U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.

The benchmark index, however, closed just short of 3,000 points, a key psychological level, after President Donald Trump said the United States would announce before the end of the week its response to China’s planned national security legislation for Hong Kong.

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Plan A : Short if market falls below 25370. Targets are 25325 and 25280.

Plan B : Cut above 25415.

Plan C : Continue to long if market stays firm above 25375. Targets are 25420 and 25475.

Plan D : Cut below 25330.

E-Mini S&P 500

The stock market closed above a key milestone and looks set to keep moving higher for now.

The S&P 500 broke above its 200-day moving average for a second day, but this time succeeded in closing above it. The S&P 500 surged 44 points to 3,036 on Wednesday, after trading weaker early in the day. Before this week, the S&P was last above the 200-day on March 5. 

The 200-day happened to be at 3,000, a level that is also seen as psychologically important.

The market was helped Wednesday by a steadying in momentum names, like Netflix and Tesla that touched their lows of the day just before 11 a.m. ET.  The S&P 500 hit its low at about the same time, as the group which includes the FAANG names, Facebook, Apple, Amazon, Netflix and Google parent Alphabet, all started to turn higher. 

Those big tech names that have been drivers of the market took a rest this week, as traders focused on names that will benefit from a re-opening economy, like airlines, banks and industrials. The S&P financial sector is up more than 9.6% this week so far, and industrials are up more than 7.%. Communications services, which includes internet names, was up just 0.8%.

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Plan A : Long if market supported firm above 3023.50. Targets are 3048.75, 3065.75 and 3089.25.
Plan B : Short if market failed to support above 3023.50. Targets are 2999.75, 2977.25 and 2956.75.

E-Mini Nasdaq

Futures contracts tied to the major U.S. market indexes mostly rose early Thursday morning as investors looked to add to Wall Street’s robust gains so far this week.

Dow futures rose 172 points, indicating an opening gain of about 207 points when regular trading resumes on Thursday. S&P 500 futures also pointed to a positive open for the index. Nasdaq-100 futures, on the other hand, pointed to a Thursday opening dip.

The overnight moves Wednesday evening promised to add to sharp rallies in the major stock indexes so far this week.

The Nasdaq Composite, S&P 500 and Dow all extended week-to-date gains during Wednesday’s regular trading session and finished the day up 0.77%, 1.48% and 2.2% respectively. The broad S&P 500 closed at its highest level since March, above 3,000; the Dow jumped 553 points to finish Wednesday’s session north of 25,000, its own highest close since March.

The S&P 500, Nasdaq Composite and Dow are up 2.7%, 0.9% and 4.4% since the start of the holiday-shortened week. The Dow is on track for its best week since the week ended April 8.

Thursday’s forthcoming update to the U.S. unemployment claims threatened to keep the week’s optimism in check.

The Department of Labor is scheduled to release the latest update to initial jobless claims at 8:30 a.m. ET Thursday morning. Though economists polled by Dow Jones expect the government to announce yet another deceleration in the pace of claims, the consensus estimate predicts another 2.05 million Americans filed for insurance during the week ended May 23.

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Plan A : Long if market supported firm above 9378.50. Targets are 9405.25, 9438.25 and 9470.50.
Plan B : Short if market failed to support above 9378.50. Targets are 9348.50, 9312.75 and 9280.25.

HSI

Hong Kong stocks fell on Wednesday due to fresh anti-government protests and rising tensions between China and the United States. U.S. President Donald Trump said on Tuesday that he was preparing a strong response to China’s planned national security laws for Hong Kong, adding it would be announced before the end of the week.

At the close of trade, the Hang Seng index fell 0.4%, to 23,301.36

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Plan A : Attempt to short if market does not breach above 23635. Targets are 23565 and 23470. Cut above 23720.

Plan B : Attempt to long if market rebounds from 23437. Targets are 23522 and 23617. Cut below 23350.

WTI Crude

Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.

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Plan A : Attempt sell if oil price trades below 32.3

Plan B : Cut above 33.1

Plan C : Consider buying if oil price falls but supported firmly above 31.1

Plan D : Cut below 30.0

Gold

Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices.

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Plan A : Attempt sell if gold price trades below 1709

Plan B : Cut above 1714

Plan C : Consider buying if gold price trades firmly above 1709

Plan D : Cut below 1700

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.