WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases.
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Plan A: Remain sell as long as market stays below 35785. Targets are 35540 and 35461.
Plan B: Consider long if market supports above 35461 and rebound. Targets are 35590 and 35823.
E-Mini S&P 500
S&P 500 futures marginally inched down 0.07%.
On Tuesday, the major averages slipped, exacerbated by selling in software names like Microsoft and Adobe. The Dow Jones Industrial Average lost 106 points. The S&P 500 fell 0.75%.
The Fed is grappling with the highest levels of inflation in 39 years and the central bank is widely expected to announce an acceleration of the tapering of its bond-buying program, which was put in place during the pandemic to prop up the economy.
While the Fed meeting is in focus, investors are also monitoring the new Covid variant omicron. The World Health Organization on Tuesday warned the new Covid-19 omicron variant is spreading faster than any previous strain, and is likely in most countries of the world.
S&P 500 futures marginally inched down 0.07%.
On Tuesday, the major averages slipped, exacerbated by selling in software names like Microsoft and Adobe. The Dow Jones Industrial Average lost 106 points. The S&P 500 fell 0.75%.
The Fed is grappling with the highest levels of inflation in 39 years and the central bank is widely expected to announce an acceleration of the tapering of its bond-buying program, which was put in place during the pandemic to prop up the economy.
While the Fed meeting is in focus, investors are also monitoring the new Covid variant omicron. The World Health Organization on Tuesday warned the new Covid-19 omicron variant is spreading faster than any previous strain, and is likely in most countries of the world.
On Tuesday, the major averages slipped, exacerbated by selling in software names like Microsoft and Adobe. The Dow Jones Industrial Average lost 106 points. The S&P 500 fell 0.75%.
The Fed is grappling with the highest levels of inflation in 39 years and the central bank is widely expected to announce an acceleration of the tapering of its bond-buying program, which was put in place during the pandemic to prop up the economy.
While the Fed meeting is in focus, investors are also monitoring the new Covid variant omicron. The World Health Organization on Tuesday warned the new Covid-19 omicron variant is spreading faster than any previous strain, and is likely in most countries of the world.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your December subscription.
Plan A: Long if market retraced but supported firmly above 4634. Targets are 4645, 4657 and 4663.
Plan B: Short only if the market failed to support above 4634. Targets are 4624, 4611 and 4603.
E-Mini Nasdaq
U.S. stock futures were little changed in early morning trading on Wednesday as investors readied for Wednesday’s highly anticipated Federal Reserve decision.
Nasdaq 100 futures hovered below the flatline.
The technology-focused Nasdaq Composite was the relative underperformer, dipping 1.1% as Facebook-parent Meta Platforms, Amazon, Apple, Netflix and Google-parent Alphabet all closed lower.
Hurting sentiment Tuesday was the hotter-than-expected inflation reading for November’s producer price index showing a year-over-year increase of 9.6%, the fastest pace on record. This was above the 9.2% expected by economists, according to Dow Jones. The index rose 0.8% month over month, above the 0.5% expected.
U.S. stock futures were little changed in early morning trading on Wednesday as investors readied for Wednesday’s highly anticipated Federal Reserve decision.
Nasdaq 100 futures hovered below the flatline.
The technology-focused Nasdaq Composite was the relative underperformer, dipping 1.1% as Facebook-parent Meta Platforms, Amazon, Apple, Netflix and Google-parent Alphabet all closed lower.
Hurting sentiment Tuesday was the hotter-than-expected inflation reading for November’s producer price index showing a year-over-year increase of 9.6%, the fastest pace on record. This was above the 9.2% expected by economists, according to Dow Jones. The index rose 0.8% month over month, above the 0.5% expected.
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Plan A: Long if the market supported firmly above 15922. Targets are 15950, 15985 and 16012.
Plan B: Short if market failed to support above 15922. Targets are 15889, 15861 and 15835.
HSI
Hong Kong shares fell on Tuesday amid growing concern over the Omicron COVID-19 variant, while property shares tumbled on debt risks for developers and tech shares dipped after social media platform Weibo was hit with a fine.
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Plan A: Remain sell as long as market stays below 23767. Targets are 23444 and 23382.
Plan B : Consider long if market supports above 23382 and rebound. Targets are 23522 and 23622.
WTI Crude
Oil futures prices dropped toward $73 a barrel on Tuesday after the International Energy Agency (IEA) said the Omicron coronavirus variant is set to dent global demand recovery.
Plan B : Consider long if market supports above 23382 and rebound. Targets are 23522 and 23622.
WTI Crude
Oil futures prices dropped toward $73 a barrel on Tuesday after the International Energy Agency (IEA) said the Omicron coronavirus variant is set to dent global demand recovery.
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Plan A: Remain sell as long as oil price stays below 70.8. Targets are 70.2 and 69.4.
Plan B : Consider long if oil price supports firmly above 70.2 and rebound. Targets are 70.8 and 72.0
Gold
Gold fell more than 1% on Tuesday after a jump in U.S. producer prices fuelled expectations for sooner-than-expected interest rate hikes ahead of the Federal Reserve's two-day meeting.
Plan B : Consider long if oil price supports firmly above 70.2 and rebound. Targets are 70.8 and 72.0
Gold
Gold fell more than 1% on Tuesday after a jump in U.S. producer prices fuelled expectations for sooner-than-expected interest rate hikes ahead of the Federal Reserve's two-day meeting.
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Plan A: Remain to sell as long as gold price stays below 1781.8. Targets are 1766 and 1758.7.
Plan B: Consider long if gold price regain footings above 1773. Targets are 1781.8 and 1793.
Plan B: Consider long if gold price regain footings above 1773. Targets are 1781.8 and 1793.
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