WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Remain buy as long as market trades firmly above 31460. Targets are 31753 and 32046.
Plan B : Consider short only market surges but fails to breach above 31753. Targets are 31520 and 31460.
E-Mini S&P 500
The S&P 500 edged higher in choppy trading on Friday after a three-day slide, as data showing faster-than-expected monthly jobs growth reinforced bets on an economic rebound driven by massive fiscal stimulus and vaccination drives.
Non-farm payrolls surged 379,000 jobs last month, after rising 166,000 in January. Economists polled by Reuters had forecast a rise of 182,000 jobs.
After the data, the benchmark 10-year US Treasury yields hit a new one-year high of 1.626%. Rate-sensitive bank stocks rose about 1.6%, on prospects of an improved economic outlook.
A sharply divided US Senate will begin a contentious debate on Friday on a US$1.9 trillion coronavirus aid bill that is President Joe Biden's first major legislative initiative.
Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labour market but cautioned that a return to full employment this year was "highly unlikely".
The S&P 500 edged higher in choppy trading on Friday after a three-day slide, as data showing faster-than-expected monthly jobs growth reinforced bets on an economic rebound driven by massive fiscal stimulus and vaccination drives.
Non-farm payrolls surged 379,000 jobs last month, after rising 166,000 in January. Economists polled by Reuters had forecast a rise of 182,000 jobs.
After the data, the benchmark 10-year US Treasury yields hit a new one-year high of 1.626%. Rate-sensitive bank stocks rose about 1.6%, on prospects of an improved economic outlook.
A sharply divided US Senate will begin a contentious debate on Friday on a US$1.9 trillion coronavirus aid bill that is President Joe Biden's first major legislative initiative.
Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labour market but cautioned that a return to full employment this year was "highly unlikely".
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Plan A : Long if market supported firm above 3827. Targets are 3842, 3859 and 3875.
Plan B : Short if market failed to support above 3827. Targets are 3802, 3781 and 3757.
E-Mini Nasdaq
Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.
The move in futures came after the Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.
The fresh round of government spending could cause ripples in the U.S. Treasury market, where the benchmark 10-year yield has risen sharply in recent weeks. The yield rose as high as 1.62% on Friday after starting the calendar year below the 1% mark. It was trading at roughly 1.59% on Sunday night.
The rapid move in the bond marked has unnerved equity investors as well, contributing to weakness in stocks with high valuations.
On the economic front, investors will get a look at wholesale inventory data from January on Monday. Several economic measures in recent weeks have shown a recovery that is picking up steam, including a better-than-expected February jobs report released on Friday.
Plan A : Long if market supported firm above 3827. Targets are 3842, 3859 and 3875.
Plan B : Short if market failed to support above 3827. Targets are 3802, 3781 and 3757.
Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.
The move in futures came after the Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.
The fresh round of government spending could cause ripples in the U.S. Treasury market, where the benchmark 10-year yield has risen sharply in recent weeks. The yield rose as high as 1.62% on Friday after starting the calendar year below the 1% mark. It was trading at roughly 1.59% on Sunday night.
The rapid move in the bond marked has unnerved equity investors as well, contributing to weakness in stocks with high valuations.
On the economic front, investors will get a look at wholesale inventory data from January on Monday. Several economic measures in recent weeks have shown a recovery that is picking up steam, including a better-than-expected February jobs report released on Friday.
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Plan A : Short if market failed to support above 12580. Targets are 12539, 12498 and 12468.
Plan B : Long if market supported firm above 12580. Targets are 12612, 12641 and 12678.
HSI
Hong Kong shares fell on Friday, after a sell-off in U.S. Treasuries and equities, after Federal Reserve Chair Jerome Powell failed to soothe investor concerns over a surge in borrowing costs.
Plan A : Short if market failed to support above 12580. Targets are 12539, 12498 and 12468.
Plan B : Long if market supported firm above 12580. Targets are 12612, 12641 and 12678.
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Plan A : Attempt buy if market trades firmly above 28912. Targets are 29017 and 29249.
Plan B : Consider short only market surges but fails to breach above 29249. Targets are 29110 and 29017.
WTI Crude
Oil prices jumped about 3% on Friday, hitting their highest levels in more than a year, following a stronger-than-expected U.S. jobs report and a decision by OPEC and its allies not to increase supply in April.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
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