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 stays firm above 34526. Targets are 34909 and 34939.
Plan B : Consider short if market rebounds but fails to breach above 34909. Targets are 34802 and 34684.
E-Mini S&P 500
The S&P 500 and the Dow Jones Industrial Average eked out gains on Friday, wrapping up a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector and Nike shares fell as supply chain issues stemming from the pandemic hit the sneaker giant.
The S&P 500 edged 0.15% higher to 4,455.48.
A crackdown on bitcoin by China hurt market sentiment overnight, especially with technology shares that depend on crypto-related revenue. China’s central bank declared all cryptocurrency-related activities illegal on Friday. Overseas crypto exchanges providing services in mainland China are also illegal, the People’s Bank of China said.
Investors were still waiting to see if Evergrande, the failing developer at the center of the property crisis in the country, will pay $83 million in interest on a U.S. dollar-denominated bond that was due Thursday. The company so far is staying silent and has 30 days before it technically defaults.
The S&P 500 and the Dow Jones Industrial Average eked out gains on Friday, wrapping up a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector and Nike shares fell as supply chain issues stemming from the pandemic hit the sneaker giant.
The S&P 500 edged 0.15% higher to 4,455.48.
A crackdown on bitcoin by China hurt market sentiment overnight, especially with technology shares that depend on crypto-related revenue. China’s central bank declared all cryptocurrency-related activities illegal on Friday. Overseas crypto exchanges providing services in mainland China are also illegal, the People’s Bank of China said.
Investors were still waiting to see if Evergrande, the failing developer at the center of the property crisis in the country, will pay $83 million in interest on a U.S. dollar-denominated bond that was due Thursday. The company so far is staying silent and has 30 days before it technically defaults.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Plan A : Long if market supported firm above 4467. Targets are 4478, 4488 and 4500.
Plan B : Short if market failed to support above 4467. Targets are 4452, 4433 and 4418.
E-Mini Nasdaq
Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September.
Wall Street is coming off a roller-coaster week amid a slew of concerns from the debt crisis of China’s real estate giant Evergrande, to the Federal Reserve’s signal on rollback in monetary stimulus, and to Beijing’s crackdown on cryptocurrencies. Still, major averages managed to wipe out steep losses earlier in the week and eke out small gains.
Investors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.
Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September.
Wall Street is coming off a roller-coaster week amid a slew of concerns from the debt crisis of China’s real estate giant Evergrande, to the Federal Reserve’s signal on rollback in monetary stimulus, and to Beijing’s crackdown on cryptocurrencies. Still, major averages managed to wipe out steep losses earlier in the week and eke out small gains.
Investors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.
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