28 Oct 2022 Foreign

 WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

If you like what we are doing, kindly like and share our page on FB. Follow us 

on FB for more updates.

Click here to contact us: https://goo.gl/B6Dccf 

E-Mini Dow

The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with solid economic data and a mixed bag of corporate earnings.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Nov subscription.

Plan A: Remain long as long as market trades above 31641. Targets are 32422 and 32617.

Plan B: Consider short if market stays below 31641. Targets are 31445 and 31250.

E-Mini S&P 500

The Dow Jones Industrial Average closed higher Thursday after new data showed third-quarter GDP grew faster than expected and hinted at waning inflation, encouraging investors to buy stocks linked to the health of the economy.

The S&P 500 closed down 0.6%, ending the session at 3,807.30.

The U.S. economy grew at a 2.6% annualized pace for the period, against the Dow Jones estimate for 2.3% growth, the Bureau of Economic Analysis report showed. The chain-weighted price index, a cost-of-living measure that is adjusted to reflect changing consumer behavior, rose 4.1% for the quarter, well below the 5.3% estimate. Headline inflation rose 4.2%, down sharply from 7.3%, according to a gauge the Federal Reserve uses.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A : Long if market supported firm above 3779. Targets are 3782 and 3797.

Plan B : Short if market failed to support above 3779. Targets are 3765 and 3753.

E-Mini Nasdaq

The Dow climbed 194.17 points, or 0.6%, to end at 32,033.28 for its fifth day of wins. Shares of Caterpillar, McDonald’s and Honeywell led the 30-stock index higher after the companies reported better-than-expected earnings. The Dow traded up as much as 549 points during the day.

Still the technology sector continued its recent woes, holding the broader stock market back. Meta shares plummeted 24.6% on a weak fourth-quarter forecast and disappointing third-quarter earnings Wednesday. The company also said it would lose even more money next year building out the metaverse. The report led to several analysts downgrading the stock.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A : Long if market retraced but supported firm above 11072. Targets are 11108 and 11136.

Plan B : Short only if market failed to support above 11072. Targets are 11041 and 11009.

HSI

The Hang Seng was up 107.36 points or 0.7% to finish at 15,425.0 on Thursday, rising for the second straight session after hitting its lowest in 13-1/2 years earlier in the week and tracking a rise in US stock futures, as disappointing corporate earnings raised hopes that the US Fed will scale back its rapid rate hikes.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Nov subscription.

Plan A: Remain short if the market stays below 15781. Targets are 15313 and 15000.

Plan B: Consider long only if the market stays above 15156. Targets are 15469 and 15781.

WTI Crude

Oil rose more than $1 a barrel on Thursday, extending the previous day's rally of nearly 3%, as optimism over record U.S. crude exports and signs that recession fears are abating outweighed concern over slack demand in China.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Nov subscription.

Plan A: Remain long as long as oil price stays above 85.94. Targets are 89.84 and 91.41.

Plan B: Consider short only if oil price stays below 86.72. Targets are 85.16 and 83.59.

Gold

Gold prices on Thursday consolidated near the previous session's two-week peak, underpinned by bets that the U.S. Federal Reserve may slow future rate hikes, while caution ahead of economic data and a steady dollar kept a leash on any gains.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Nov subscription.

Plan A: Remain long as long as gold price stays above 1656.3. Targets are 1679.7 and 1687.5.

Plan B: Attempts short only if gold price stays below 1656.3. Targets are 1648.4 and 1640.6.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.