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 33454. Targets are 33030 and 32756.
Plan B : Consider buying only if market holds resiliently above 33030 and rebound. Targets are 33203 and 33454.
E-Mini S&P 500Stocks fell on Friday, with the Dow posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.
The S&P 500 slid 1.3% to 4,166.45. The S&P 500 hit its session low in the final minutes of trading and closed around those levels.
Pockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.
The decline in stocks came as the Fed’s actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.
Stocks fell on Friday, with the Dow posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.
The S&P 500 slid 1.3% to 4,166.45. The S&P 500 hit its session low in the final minutes of trading and closed around those levels.
Pockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.
The decline in stocks came as the Fed’s actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.
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 retraced but supported firm above 4148. Targets are 4165, 4181 and 4199.
Plan B : Short if market failed to support above 4148. Targets are 4123, 4095 and 4060.
E-Mini Nasdaq
Stock futures declined early Monday morning after the Dow posted its worst week since October.
The Nasdaq Composite closed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.
U.S. stocks fell on Friday as investors digested new economic projections from the Federal Reserve and worried rate hikes could come sooner than expected.
Investors await public appearances from Fed members on Monday. Bullard and Dallas Fed President Robert Kaplan are set to speak virtually on a Official Monetary and Financial Institutions Forum panel at 9:00 a.m. ET. New York Fed President John Williams is expected to deliver remarks at a Midsize Bank Coalition of America event Monday afternoon.
E-Mini Nasdaq
Stock futures declined early Monday morning after the Dow posted its worst week since October.
The Nasdaq Composite closed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.
U.S. stocks fell on Friday as investors digested new economic projections from the Federal Reserve and worried rate hikes could come sooner than expected.
Investors await public appearances from Fed members on Monday. Bullard and Dallas Fed President Robert Kaplan are set to speak virtually on a Official Monetary and Financial Institutions Forum panel at 9:00 a.m. ET. New York Fed President John Williams is expected to deliver remarks at a Midsize Bank Coalition of America event Monday afternoon.
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