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 34240. Targets are 34620 and 34730.
Plan B : Consider selling only if market surges but fails to breach above 34730. Targets are 34620 and 34550.
E-Mini S&P 500
The S&P 500 climbed slightly on Friday to close its fourth straight positive month amid growing optimism over the U.S. economic recovery.
The broad equity benchmark ended the session up 0.1% to 4,204.11, sitting just 0.8% from its record high. The S&P 500 advanced 1.2% this week, breaking a two- week losing streak.
A key inflation indicator — the core personal consumption expenditures index — rose 3.1% in April, faster than expectations of a 2.9% increase but not as hot as many on Wall Street had feared. Meanwhile, the savings rate remained elevated at 14.9% last month, while consumer spending rose 0.5%, in line with estimates.
This week, investors also monitored the back-and-forth in Washington over a comprehensive infrastructure package that could further boost the economic recovery. Senate Republicans unveiled a $928 billion infrastructure counteroffer to President Joe Biden on Thursday. However, that’s well below Biden’s most recent proposal of $1.7 trillion.
The S&P 500 climbed slightly on Friday to close its fourth straight positive month amid growing optimism over the U.S. economic recovery.
The broad equity benchmark ended the session up 0.1% to 4,204.11, sitting just 0.8% from its record high. The S&P 500 advanced 1.2% this week, breaking a two- week losing streak.
A key inflation indicator — the core personal consumption expenditures index — rose 3.1% in April, faster than expectations of a 2.9% increase but not as hot as many on Wall Street had feared. Meanwhile, the savings rate remained elevated at 14.9% last month, while consumer spending rose 0.5%, in line with estimates.
This week, investors also monitored the back-and-forth in Washington over a comprehensive infrastructure package that could further boost the economic recovery. Senate Republicans unveiled a $928 billion infrastructure counteroffer to President Joe Biden on Thursday. However, that’s well below Biden’s most recent proposal of $1.7 trillion.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 4212. Targets are 4229, 4243 and 4263.
Plan B : Short if market failed to support above 4212. Targets are 4187, 4160 and 4129.
E-Mini Nasdaq
U.S. futures edged up Monday and Asian stocks were set for a steady start as investors continue to weigh inflation risks and await key U.S. jobs data to gauge the strength of the economic recovery.
The tech-heavy Nasdaq Composite inched up 0.1% to 13,748.74. The Nasdaq rose 2.1% to post its best weekly performance since April 9.
Equity contracts were little changed in Japan, Australia and Hong Kong after U.S. stocks notched their fourth-straight monthly advance. Treasury yields ticked back below 1.60% on Friday. There is no cash trading in Asia amid holidays in the U.S. and U.K.
Plan A : Long if market supported firm above 4212. Targets are 4229, 4243 and 4263.
Plan B : Short if market failed to support above 4212. Targets are 4187, 4160 and 4129.
U.S. futures edged up Monday and Asian stocks were set for a steady start as investors continue to weigh inflation risks and await key U.S. jobs data to gauge the strength of the economic recovery.
The tech-heavy Nasdaq Composite inched up 0.1% to 13,748.74. The Nasdaq rose 2.1% to post its best weekly performance since April 9.
Equity contracts were little changed in Japan, Australia and Hong Kong after U.S. stocks notched their fourth-straight monthly advance. Treasury yields ticked back below 1.60% on Friday. There is no cash trading in Asia amid holidays in the U.S. and U.K.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 13681. Targets are 13711, 13748 and 13782.
Plan B : Short if market failed to support above 13681. Targets are 13638, 13600 and 13553.
HSI
Hong Kong stocks ended flat on Friday, as gains in resource firms were offset by losses in tech and healthcare companies, but posted their best week in more than three months as inflation fears fade.
Plan A : Long if market supported firm above 13681. Targets are 13711, 13748 and 13782.
Plan B : Short if market failed to support above 13681. Targets are 13638, 13600 and 13553.
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