WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Attempt buy if market trades firmly above 34429. Targets are 34526 and 34626.
Plan B : Consider short if market surges but fails to breach above 34626. Targets are 34526 and 34429.
E-Mini S&P 500
The Dow was little changed on Friday, notching a winning week as optimism about a short-term debt ceiling deal trumped a disappointing jobs report.
The S&P 500 fell about 0.2% to 4,391.34. The S&P 500 rose about 0.8% for its best week since August.
This week, major banks will kick off their third-quarter earnings. JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo and Citigroup are scheduled to report beginning Wednesday. Delta Airlines and Walgreens Boots Alliance are also on deck.
Analysts estimate an earnings growth rate of 27.6% for the S&P 500 in the third quarter and a 15% price increase for the index over the next 12 months, according to FactSet. However, the financials sector is expected to see the smallest price increase since it had the smallest upside difference between the bottom-up target price and the closing price on October 6.
There is no economic data scheduled for Monday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
The Dow was little changed on Friday, notching a winning week as optimism about a short-term debt ceiling deal trumped a disappointing jobs report.
The S&P 500 fell about 0.2% to 4,391.34. The S&P 500 rose about 0.8% for its best week since August.
This week, major banks will kick off their third-quarter earnings. JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo and Citigroup are scheduled to report beginning Wednesday. Delta Airlines and Walgreens Boots Alliance are also on deck.
Analysts estimate an earnings growth rate of 27.6% for the S&P 500 in the third quarter and a 15% price increase for the index over the next 12 months, according to FactSet. However, the financials sector is expected to see the smallest price increase since it had the smallest upside difference between the bottom-up target price and the closing price on October 6.
There is no economic data scheduled for Monday.
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 4376. Targets are 4388, 4396 and 4410.
E-Mini Nasdaq
Stock futures were lower early Monday morning after finishing near the flat line Friday after investors shook off concerns about a much weaker-than-expected labor market report released on Friday.
The Nasdaq Composite fell 0.5% to 14,579.54.
There was something for both bears and bulls in Friday's jobs report, which explains the gyrations in stocks following the release. The headline number was a major disappointment as the economy added just 194,000 jobs in September, the Labor Department reported. That was well below the Dow Jones estimate of 500,000.
Uncertainty around the debt ceiling had been a headwind for the market but other risks remain, including accelerating inflation and rising rates. The 10-year Treasury yield was around 1.57% on Thursday, and UBS sees it rising to 1.8% by the end of the year.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Stock futures were lower early Monday morning after finishing near the flat line Friday after investors shook off concerns about a much weaker-than-expected labor market report released on Friday.
The Nasdaq Composite fell 0.5% to 14,579.54.
There was something for both bears and bulls in Friday's jobs report, which explains the gyrations in stocks following the release. The headline number was a major disappointment as the economy added just 194,000 jobs in September, the Labor Department reported. That was well below the Dow Jones estimate of 500,000.
Uncertainty around the debt ceiling had been a headwind for the market but other risks remain, including accelerating inflation and rising rates. The 10-year Treasury yield was around 1.57% on Thursday, and UBS sees it rising to 1.8% by the end of the year.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
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