WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve would hike key interest rates at the conclusion of next week's monetary policy meeting to prevent the economy from overheating.
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Plan A: Attempt short if market stays below 33354. Targets are 33157 and 33058.
Plan B: Consider long if market holds above 33058 and rebound. Targets are 33224 and 33354.
Plan A: Attempt short if market stays below 33354. Targets are 33157 and 33058.
Plan B: Consider long if market holds above 33058 and rebound. Targets are 33224 and 33354.
E-Mini S&P 500
Stock futures were lower ahead of Friday’s session as the Dow Jones Industrial Average headed for its fifth losing week in a row amid Russia’s invasion of Ukraine.
The Dow Jones Industrial Average dipped 112.18 points to 33,174.07, after rallying more than 650 points in the previous session. The S&P 500 shed 0.4% to 4,259.52.
Markets have been tied closely to the conflict and have been inversely correlated with energy prices, which have been on a tear higher during the Russia-Ukraine war. Since Feb. 24 — when Russia invaded Ukraine — West Texas Intermediate crude have risen more than 14%, while Brent crude oil is up about 15% in that time.
On a month-over-month basis, the CPI gain was 0.8%, compared to the estimate of 0.7% for the month.
The U.S. 10-year Treasury yield broke above 2% for the first time since Feb. 25.
Stock futures were lower ahead of Friday’s session as the Dow Jones Industrial Average headed for its fifth losing week in a row amid Russia’s invasion of Ukraine.
The Dow Jones Industrial Average dipped 112.18 points to 33,174.07, after rallying more than 650 points in the previous session. The S&P 500 shed 0.4% to 4,259.52.
Markets have been tied closely to the conflict and have been inversely correlated with energy prices, which have been on a tear higher during the Russia-Ukraine war. Since Feb. 24 — when Russia invaded Ukraine — West Texas Intermediate crude have risen more than 14%, while Brent crude oil is up about 15% in that time.
On a month-over-month basis, the CPI gain was 0.8%, compared to the estimate of 0.7% for the month.
The U.S. 10-year Treasury yield broke above 2% for the first time since Feb. 25.
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Plan A: Long if market supported firm above 4277. Targets are 4289 and 4293.
Plan B: Short if market failed to support above 4277. Targets are 4261 and 4255.
E-Mini Nasdaq
Stocks fell Thursday after failed peace talks between Ukraine and Russia spooked investors about how the geopolitical conflict could impact global growth.
The technology-heavy Nasdaq Composite dropped 1% to 13,129.96, led by losses from Apple and Meta Platforms.
Thursday’s inflation report showed the consumer price index reach 7.9% in February, a fresh 40-year high. That was slightly higher than the expected 7.8% for the year, according to Dow Jones estimates. CPI gained month-over-month 0.8%, above estimates of 0.7% for the month.
Traders also weighed the European Central Bank’s decision to unwind stimulus measures sooner than expected. The bank said Thursday it will end its bond-buying program in the third quarter of this year, if the economic data allows for it.
Stocks fell Thursday after failed peace talks between Ukraine and Russia spooked investors about how the geopolitical conflict could impact global growth.
The technology-heavy Nasdaq Composite dropped 1% to 13,129.96, led by losses from Apple and Meta Platforms.
Thursday’s inflation report showed the consumer price index reach 7.9% in February, a fresh 40-year high. That was slightly higher than the expected 7.8% for the year, according to Dow Jones estimates. CPI gained month-over-month 0.8%, above estimates of 0.7% for the month.
Traders also weighed the European Central Bank’s decision to unwind stimulus measures sooner than expected. The bank said Thursday it will end its bond-buying program in the third quarter of this year, if the economic data allows for it.
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Plan A: Consider long if market supports firmly above 13602 and rebound. Targets are 13633 and 13669.
Plan B : Consider short as long as market stays below 13602. Targets are 13579 and 13547.
Plan A: Consider long if market supports firmly above 13602 and rebound. Targets are 13633 and 13669.
Plan B : Consider short as long as market stays below 13602. Targets are 13579 and 13547.
HSI
China and Hong Kong stocks closed higher on Thursday, tracking a global rebound ahead of planned Russia-Ukraine diplomatic talks, while a string of Chinese companies and state media trying to soothe frayed nerves after recent sell-offs also lifted sentiment.
HSI
China and Hong Kong stocks closed higher on Thursday, tracking a global rebound ahead of planned Russia-Ukraine diplomatic talks, while a string of Chinese companies and state media trying to soothe frayed nerves after recent sell-offs also lifted sentiment.
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Plan A: Remain short as long as market stays below 20967. Targets are 20371 and 20002.
Plan B: Consider long if market stays resiliently above 20371 and rebound. Targets are 20631 and 20823.
WTI Crude
Oil prices settled lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
Plan A: Remain short as long as market stays below 20967. Targets are 20371 and 20002.
Plan B: Consider long if market stays resiliently above 20371 and rebound. Targets are 20631 and 20823.
WTI Crude
Oil prices settled lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
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Plan A: Remain short as long as oil price trades below 110.4. Targets are 104.1 and 100.6.
Plan B : Consider long as long as oil price trades firmly above 104.1 and rebound. Targets are 109.6 and 112.9.
Gold
Gold steadied neat the $2,000 an ounce level on Thursday, after big gyrations over the past couple of sessions, as its safe-haven appeal was supported by a lack of progress in talk between Russia and Ukraine.
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