7 Mar 2023 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 Dow Jones closed 40 points higher on Monday, while the S&P 500 finished slightly above the flat line and Nasdaq 100 fell 0.1% as Treasury yields came back higher putting pressure on stocks.

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

Plan A: Remain long as long as market trades above 33203. Targets are 33594 and 33789.

Plan B: Consider short if market stays below 33203. Targets are 33008 and 32813.

E-Mini S&P 500

The Dow rose slightly Monday, as Wall Street fought to hold onto last week’s gains and investors braced for a busy week of economic news.

Bond yields rose slightly, with the yield on the 10-year Treasury note last trading up more than a basis point after surging above the psychological 4% level at various points last week. An upward move raises borrowing costs for consumers and could signal a drop in investor confidence.

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

Plan A: Short if market failed to support above 4051. Targets are 4032 and 4022.

Plan B: Long if market supported firm above 4051. Targets are 4068 and 4079.

E-Mini Nasdaq

Despite these moves, some tech stocks pushed higher, with Apple jumping nearly 2% after Goldman Sachs initiated coverage with a buy rating. The iPhone maker accounts for about 7% of the S&P. Alphabet and Microsoft also gained.

Investors are awaiting Federal Reserve Chair Jerome Powell congressional testimony slated for Tuesday and Wednesday. The remarks will guide investors and lawmakers on how the central bank is thinking about inflation and its rate-hiking campaign, and they could determine where the market goes from here.

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

Plan A: Short if market failed to support above 12323. Targets are 12295 and 12266.

Plan B: Long if market retraced but supported firm above 12323. Targets are 12368 and 12402.

HSI

Asian markets mostly rose on Monday over murmurs that the US Federal Reserve may loosen its monetary tightening but stocks in Hong Kong and China fell after Beijing announced its lowest economic growth target in decades. 

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

Plan A: Remain long if the market stays above 20469. Targets are 20781 and 20938.

Plan B: Consider short only if the market stays below 20469. Targets are 20313 and 20156.

WTI Crude

Crude prices rebounded to modest gains after a debate over supply tightness by oil company executives offset worries over softening supply following China's low-end growth projections.

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

Plan A: Remain long as long as oil price stays above 78.13. Targets are 80.47 and 81.25.

Plan B: Consider short only if oil price stays below 78.13. Targets are 77.34 and 75.78.

Gold

Gold eased from an earlier near three-week high on Monday as investors prepared for Congressional testimony from Federal Reserve Chair Jerome Powell this week and monthly U.S. jobs data, both of which could influence interest rate policy.

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

Plan A: Remain short as long as gold price stays below 1859.4. Targets are 1843.8 and 1835.9.

Plan B: Attempts long only if gold price stays above 1859.4. Targets are 1863.3 and 1867.2.

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.