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. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
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Plan A : Short if market stays below 25475. Targets are 25350 and 25166.
Plan B : Cut above 25520.
Plan C : Attempt to long if market tested and rebounds from 25166. Targets are 25290 and 25475.
Plan D : Cut below 25090.
Plan D : Cut below 25090.
E-Mini S&P 500
Stocks ended higher Monday to start the month amid rising hopes for a successful re-opening of the economy. The gains come after back-to-back monthly increases for stocks.
The Dow closed up 91 points, while the S&P 500 climbed nearly 0.4% and the Nasdaq added more than 0.6%. The S&P 500 closed at its highest level since early March, while the Nasdaq ended at levels not seen since late February.
“Equity markets continue to display remarkable resilience in the face of a constant barrage of troubling developments, with investors continuing to focus on the positive signs of re-opening,” said Mark Hackett, the chief of investment research at Nationwide. Hackett added, however, that valuations are at their highest levels in nearly two decades, suggesting “markets are due for a breather following an unprecedented rally.”
Stocks closely linked to the economy re-opening led the slight gains. Carnival, Norwegian Cruise Line and Royal Caribbean were all up at least 5.5%. Hilton Worldwide climbed 3.7% and Marriott International advanced 7.4%. American Airlines and Delta advanced 7.4% and 4.6%, respectively, while United advanced 5.9%.
Those gains were capped, however, by a 7.7% drop in Pfizer shares.
As of Monday, the S&P 500 has bounced about 39% off its March low, sitting about 10% below its record high set in February.
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Plan A : Long if market doesn't retrace much and supported firm above 3055.25. Targets are 3078.50, 3102.25 and 3118.25.
Plan B : Short if market failed to support above 3055.25. Targets are 3028.25, 3005.50 and 2982.25.
Plan B : Short if market failed to support above 3055.25. Targets are 3028.25, 3005.50 and 2982.25.
E-Mini Nasdaq
U.S. stock futures were little changed in early morning trading on Tuesday as investors grappled with civil unrest around the country as states try to re-open the economy from the coronavirus pandemic.
Futures on the Dow traded 41 points lower, implying a Tuesday opening decline of around 25 points. S&P 500 and Nasdaq 100 also pointed to a largely flat Tuesday start for the two indexes.
In a last-minute address from the White House Monday evening, President Donald Trump said he will deploy the military if states and cities failed to quell the demonstrations. Futures fell as Trump spoke.
New York Gov. Andrew Cuomo announced New York City will be under curfew Monday night starting at 11 p.m. and lasting until 5 a.m. Tuesday to curb protests. Similar curfews were instituted in cities across the country in an effort to dissolve mass gatherings.
Investors continued to focus on the progress of economic re-openings, bidding up shares of airlines, retailers and cruise line operators. However, many on Wall Street grew worried that rising risks of the racial strife and U.S.-China tensions could reverse the market’s massive comeback.
Tensions with China continued to simmer as the country asked state-owned firms to halt purchases of soybeans and pork from the U.S., Reuters reported Monday. The move came after Trump said he would take steps to revoke Hong Kong’s favored trade status, in response to a controversial new security law passed by China’s parliament.
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Plan A : Long if market retraced but supported firm above 9629.25. Targets are 9657.25, 9687.50 and 9725.75.
Plan B : Short if market failed to support above 9629.25. Targets are 9595.25, 9560.50 and 9535.75.
Plan B : Short if market failed to support above 9629.25. Targets are 9595.25, 9560.50 and 9535.75.
HSI
Hong Kong's benchmark index surged on Monday as investors expressed relief that U.S. President Donald Trump did not immediately end special privileges accorded to the Asian financial hub by Washington.
HSI
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Plan A : Attempt short if market does not breach above 23657. Targets are 23322 and 23260. Cut above 23680.
Plan B : Attempt to long if market holds firm above 23322. Targets are 23480 and 23657. Cut below 23260.
WTI Crude
Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.
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Plan A : Remain buy as long as oil price stays firm above 34.4
Plan B : Exit below 33.8
Plan C : Consider selling if oil price fails to breach above 35.9
Plan D : Cut above 36.2
Gold
Gold gained on Monday supported by increasing friction between Washington and Beijing and protests in the United States over racism, however, hopes of a potential vaccine to fight COVID-19 capped bullion's ascend.
Gold gained on Monday supported by increasing friction between Washington and Beijing and protests in the United States over racism, however, hopes of a potential vaccine to fight COVID-19 capped bullion's ascend.
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Plan A : Remain buy as long as gold price stays above 1737
Plan B : Exit below 1727
Plan C : Consider selling if gold price fails to breach above 1749
Plan D : Cut above 1752
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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