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 35338. Targets are 35400 and 35529.
Plan B : Consider short only if market surges but fails to breach above 35400. Targets are 35338 and 35146.
E-Mini S&P 500The Dow Jones Industrial Average and the S&P 500 rose on Wednesday after inflation jumped, but not by quite as much as investors feared when stripping out volatile food and energy prices.
The S&P 500 traded up 0.2% to 4,447.70, notching an all-time high.
July's Consumer Price Index released Wednesday showed prices jumped 5.4% since last year, compared to expectations of 5.3%, according to economists surveyed by Dow Jones. The government said CPI increased 0.5% in July on month-to-month basis.
But investors were concentrating on the core rate of inflation, which could signal inflation will remain tempered and the economy will remain strong. CPI, excluding energy and food prices, rose by 0.3% last month, below the 0.4% increase expected. Core prices still jumped 4.3% on a year-over-year basis.
The Dow Jones Industrial Average and the S&P 500 rose on Wednesday after inflation jumped, but not by quite as much as investors feared when stripping out volatile food and energy prices.
The S&P 500 traded up 0.2% to 4,447.70, notching an all-time high.
July's Consumer Price Index released Wednesday showed prices jumped 5.4% since last year, compared to expectations of 5.3%, according to economists surveyed by Dow Jones. The government said CPI increased 0.5% in July on month-to-month basis.
But investors were concentrating on the core rate of inflation, which could signal inflation will remain tempered and the economy will remain strong. CPI, excluding energy and food prices, rose by 0.3% last month, below the 0.4% increase expected. Core prices still jumped 4.3% on a year-over-year basis.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 4436. Targets are 4445, 4457 and 4470.
Plan B : Short if market failed to support above 4436. Targets are 4422, 4407 and 4392.
E-Mini Nasdaq
U.S. stock futures were mixed early Thursday after the market shrugged off the July inflation report and the Dow Jones Industrial Average and S&P 500 hit records.
The Nasdaq Composite traded about 0.1% lower to 14,765.13.
Treasury yields dipped after the inflation report and a 10-year note auction showed strong demand. Dallas Fed President Robert Kaplan told CNBC the Fed should start removing stimulus in October, adding to the decline in yields.
Investors are keeping an eye on the weekly jobless claims data, which will be released Thursday morning.
U.S. stock futures were mixed early Thursday after the market shrugged off the July inflation report and the Dow Jones Industrial Average and S&P 500 hit records.
The Nasdaq Composite traded about 0.1% lower to 14,765.13.
Treasury yields dipped after the inflation report and a 10-year note auction showed strong demand. Dallas Fed President Robert Kaplan told CNBC the Fed should start removing stimulus in October, adding to the decline in yields.
Investors are keeping an eye on the weekly jobless claims data, which will be released Thursday morning.
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