WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Remain short as long as market stays trading below 34554. Targets are 34347 and 34201.
Plan B : Consider buying only if market holds resiliently above 34347 and rebound. Targets are 34554 and 34650.
E-Mini S&P 500
The Nasdaq Composite jumped to a record high on Monday as investors rotated back into growth-oriented stocks ahead of a key Federal Reserve meeting.
The S&P 500 gained about 0.2% to another record close 4,255.15, boosted by the technology sector.
Investors are giving growth and tech stocks another chance as bond yields come down. The 10-year Treasury fell below 1.43% on Friday, a three-month low.
The Fed’s two-day policy meeting will likely dominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. The Fed could possibly move up its forecast for a rate hike after saying in its last quarterly update that it would keep its benchmark rate near zero through 2023, the Wall Street Journal reported on Monday.
The Nasdaq Composite jumped to a record high on Monday as investors rotated back into growth-oriented stocks ahead of a key Federal Reserve meeting.
The S&P 500 gained about 0.2% to another record close 4,255.15, boosted by the technology sector.
Investors are giving growth and tech stocks another chance as bond yields come down. The 10-year Treasury fell below 1.43% on Friday, a three-month low.
The Fed’s two-day policy meeting will likely dominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. The Fed could possibly move up its forecast for a rate hike after saying in its last quarterly update that it would keep its benchmark rate near zero through 2023, the Wall Street Journal reported on Monday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Short only if market failed to support above 4234. Targets are 4207, 4182 and 4151.
Plan B : Long if market retraced but supported firm above 4234. Targets are 4249, 4268 and 4285.
E-Mini NasdaqU.S. stock futures were steady in overnight trading on Monday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting.
The tech-heavy benchmark rose 0.7% to an all-time closing high of 14,174.14, overtaking the previous record on April 26.
Investors will also be watching for another inflation gauge released on Tuesday. The Producer Price Index — which measure the prices paid to producers as opposed to prices on the consumer level — is expected to rise 0.5% in May, according to Dow Jones estimates. The core PPI — which excludes volatile items like foods, energy and trade services — is also estimated to increase 0.5%.
May’s retail sales data are also slated for release at 8:30 a.m. ET. Economists polled by Dow Jones are expecting a drop of 0.6% for last month. Excluding autos, economists expect May’s retail sales rose 0.5%. Retail sales in April were unchanged as the boost from stimulus checks faded.
U.S. stock futures were steady in overnight trading on Monday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting.
The tech-heavy benchmark rose 0.7% to an all-time closing high of 14,174.14, overtaking the previous record on April 26.
Investors will also be watching for another inflation gauge released on Tuesday. The Producer Price Index — which measure the prices paid to producers as opposed to prices on the consumer level — is expected to rise 0.5% in May, according to Dow Jones estimates. The core PPI — which excludes volatile items like foods, energy and trade services — is also estimated to increase 0.5%.
May’s retail sales data are also slated for release at 8:30 a.m. ET. Economists polled by Dow Jones are expecting a drop of 0.6% for last month. Excluding autos, economists expect May’s retail sales rose 0.5%. Retail sales in April were unchanged as the boost from stimulus checks faded.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Short if market failed to support above 14103. Targets are 14060, 14021 and 13979.
Plan A : Short if market failed to support above 14103. Targets are 14060, 14021 and 13979.
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