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 rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world’s biggest economy has weathered the worst fallout of the coronavirus outbreak.
Leading the gainers premarket were shares of companies hammered by the pandemic such as cruise line operators and airlines.
This week’s centerpiece is the Federal Reserve’s two-day policy meeting, ending on Wednesday, where the jobs report is expected to be discussed.
It would be the first meeting since April when Fed Chair Jerome Powell said the U.S. economy could feel the weight of the economic shutdown for more than a year.
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Plan A : Short only if market falls below 27465. Targets are 27420 and 27375.
Plan B : Cut above 27505.
Plan C :Continue to hold long as long as market stays above 27475. Targets are 27520 and 27565.
Plan D : Cut below 26425.
Plan D : Cut below 26425.
E-Mini S&P 500
The S&P 500 wiped out all its 2020 losses Monday as traders grew more optimistic about the prospects of an economic recovery while states continue to re-open.
Stocks finished the day at session highs, with the S&P 500 jumping 1.2% and turning positive for the year after bouncing about 50% off its March low.
Stocks tied to the re-opening of the economy led the gains once again. Airlines, retailers and cruise lines were higher. United was up 9.7%. Kohl’s added 5.8%. Shares of Carnival Corp. were up more than 12.4%.
Wall Street was also riding high on the back of a surprise surge in U.S. employment. The Labor Department said Friday the economy added 2.5 million jobs in May, a record. Economists polled by Dow Jones had forecast a drop of more than 8 million.
All in, the S&P 500 is up 10.3% over the last month and 8.75% over the last three months. Much of those gains have been thanks to the so-called re-opening trade, those stock that would benefit the most if all the Covid-19 pre-cautions and business closures were removed.
Netflix — a stock that benefited from people staying at home and has under-performed in recent weeks — slid 0.3% on Monday and added to a 3.69% loss for the month. Amazon — up 6% over the last 30 days — is also under-performing the S&P 500 over the last month, up 6.07% versus the market’s 10.3%.
Job openings data and small-business optimism numbers await investors on Tuesday while companies Chewy, GameStop and Tiffany are slated to reported quarterly earnings.
The S&P 500 wiped out all its 2020 losses Monday as traders grew more optimistic about the prospects of an economic recovery while states continue to re-open.
Stocks finished the day at session highs, with the S&P 500 jumping 1.2% and turning positive for the year after bouncing about 50% off its March low.
Stocks tied to the re-opening of the economy led the gains once again. Airlines, retailers and cruise lines were higher. United was up 9.7%. Kohl’s added 5.8%. Shares of Carnival Corp. were up more than 12.4%.
Wall Street was also riding high on the back of a surprise surge in U.S. employment. The Labor Department said Friday the economy added 2.5 million jobs in May, a record. Economists polled by Dow Jones had forecast a drop of more than 8 million.
All in, the S&P 500 is up 10.3% over the last month and 8.75% over the last three months. Much of those gains have been thanks to the so-called re-opening trade, those stock that would benefit the most if all the Covid-19 pre-cautions and business closures were removed.
Netflix — a stock that benefited from people staying at home and has under-performed in recent weeks — slid 0.3% on Monday and added to a 3.69% loss for the month. Amazon — up 6% over the last 30 days — is also under-performing the S&P 500 over the last month, up 6.07% versus the market’s 10.3%.
Job openings data and small-business optimism numbers await investors on Tuesday while companies Chewy, GameStop and Tiffany are slated to reported quarterly earnings.
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Plan A : Long if market supported firm above 3197.50. Targets are 3222.50, 3241.75 and 3259.25.
Plan B : Short if market failed to support above 3197.50. Targets are 3170.25, 3150.25 and 3129.75.
Plan A : Long if market supported firm above 3197.50. Targets are 3222.50, 3241.75 and 3259.25.
Plan B : Short if market failed to support above 3197.50. Targets are 3170.25, 3150.25 and 3129.75.
Plan B : Short if market failed to support above 3197.50. Targets are 3170.25, 3150.25 and 3129.75.
E-Mini Nasdaq
Futures contracts tied to the major U.S. stock indexes held steady in early morning trade on Tuesday as investors hoped to extend the S&P 500′s gains after the index returned to positive territory for the year during the regular session.
Dow futures dipped 5 points, suggesting an opening decline of just around 31 points when regular trading resumes on Tuesday. S&P 500 and Nasdaq-100 futures also pointed to a little changed Tuesday open.
The Dow surged 6.8% last week while the S&P 500 jumped 4.9%. The Nasdaq Composite climbed 3.4%. The tech-heavy Nasdaq was the first of the three major indexes to trade back at all-time highs since the coronavirus pandemic shuttered the global economy.
The Nasdaq Composite gained 1.1% on Monday and hit its own fresh high, bringing its year-to-date advance to 10.6%.
Traders say the market’s hot streak over the last two months is in large part thanks to confidence about the re-opening of the U.S. economy and a barrage of government stimulus.
Futures contracts tied to the major U.S. stock indexes held steady in early morning trade on Tuesday as investors hoped to extend the S&P 500′s gains after the index returned to positive territory for the year during the regular session.
Dow futures dipped 5 points, suggesting an opening decline of just around 31 points when regular trading resumes on Tuesday. S&P 500 and Nasdaq-100 futures also pointed to a little changed Tuesday open.
The Dow surged 6.8% last week while the S&P 500 jumped 4.9%. The Nasdaq Composite climbed 3.4%. The tech-heavy Nasdaq was the first of the three major indexes to trade back at all-time highs since the coronavirus pandemic shuttered the global economy.
The Nasdaq Composite gained 1.1% on Monday and hit its own fresh high, bringing its year-to-date advance to 10.6%.
Traders say the market’s hot streak over the last two months is in large part thanks to confidence about the re-opening of the U.S. economy and a barrage of government stimulus.
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Plan A : Long if market supported firm above 9827.25. Targets are 9859.25, 9875.25 and 9900.50.
Plan B : Short if market failed to support above 9827.25. Targets are 9795.50, 9760.75 and 9735.50.
Plan A : Long if market supported firm above 9827.25. Targets are 9859.25, 9875.25 and 9900.50.
Plan B : Short if market failed to support above 9827.25. Targets are 9795.50, 9760.75 and 9735.50.
Plan B : Short if market failed to support above 9827.25. Targets are 9795.50, 9760.75 and 9735.50.
HSI
Hong Kong stocks erased all gains to end flat on Monday, as losses in healthcare stocks countered strength in materials firms.
The Hang Seng index closed up 6.36 points or 0.03% at 24,776.77.
The HSI had gained as much as 1% in early morning trade.
HSI
Hong Kong stocks erased all gains to end flat on Monday, as losses in healthcare stocks countered strength in materials firms.
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Plan A : Attempt short if market breaks below 25111. Targets are 25040 and 24955. Cut above 25185.
Plan B : Attempt to long if market rebounds from 25111. Targets are 25185 and 25271. Cut below 25035.
WTI Crude
Oil fell more than 3% on Monday after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include additional voluntary reductions by a trio of Gulf producers.
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Plan A : Remain buy as long as oil price stays firm above 37.9
Plan B : Exit below 37.1
Plan C : Consider selling if oil price fails to hold above 38.4
Plan D : Cut above 38.9
Gold
Gold rose on Monday after the previous session's steep fall, boosted by hopes of dovish monetary policy from the U.S. Federal Reserve.
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Plan A : Remain sell as long as gold price stays below 1701
Plan B : Cut above 1709
Plan C : Consider buying only if gold price able to hold firm above 1695
Plan D : Cut below 1689
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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