15 May 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 pared earlier losses and closed slightly below the flatline on Friday, while the S&P 500 and Nasdaq 100 lost 0.1% and 0.3%, respectively, pressured by an unexpected rise in long-term consumer inflation expectations along with ongoing worries about the debt ceiling.

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

Plan A: Remain short as long as market trades below 33496. Targets are 33203 and 33105.

Plan B: Consider long if market stays above 33496. Targets are 33594 and 33789.

E-Mini S&P 500

The S&P 500 and Dow fell for a second consecutive week, down 0.29% and 1.11%, respectively.

A preliminary reading on the University of Michigan’s consumer sentiment index fell to a six-month low of 57.7. Economists polled by the Dow Jones expected a May reading of 63.0. The survey also showed the outlook for inflation over the next 5 years climbed to 3.2%, tying the highest clip since June 2008.

Investors are also keeping an eye on Washington as concern around debt ceiling negotiations persisted. CNBC reported that a debt ceiling meeting between President Joe Biden and congressional leaders that was set for Friday was postponed to next week.

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

Plan A: Short if market failed to support above 4137. Targets are 4120 and 4111.

Plan B: Long if market supported firm above 4137. Targets are 4149 and 4155.

E-Mini Nasdaq

The Nasdaq gained 0.4%.

In the world of regional banks, PacWest fell 2.9%. PNC lost roughly 1%, and Zions Bancorporation closed 1.1% lower. On Thursday, regional banks dropped after PacWest said its deposits fell sharply last week.

Meanwhile, weaker-than-expected wholesale prices data issued Thursday, a sign of easing inflation, failed to shield investors from ongoing concerns of a downturn — particularly as a handful of stocks continue to carry the market.

Import prices were 0.4% month over month in April, the Bureau of Labor Statistics said Friday, marking the first rise so far in 2023. Economists polled by Dow Jones were expecting a 0.3% rise last month, compared to the decline of 0.8% the prior month.

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

Plan A: Short if market failed to support above 12328. Targets are 12292 and 12269.

Plan B: Long if market retraced but supported firm above 12328. Targets are 12357 and 12399.

HSI

Hong Kong stocks ended the week with another loss on lingering worries about Chinese economic recovery following recent weak data, though tech firms provided a little support following healthy earnings from e-commerce giant JD.com.

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

Plan A: Remain short if the market stays below 19688. Targets are 19375 and 19219.

Plan B: Consider long only if the market stays above 19688. Targets are 19844 and 20000.

WTI Crude

crude oil fell for a third-straight sessions as demand worries continue.

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

Plan A: Remain short as long as oil price stays below 71.88. Targets are 69.92 and 69.53.

Plan B: Consider long only if oil price stays above 71.88. Targets are 72.27 and 72.66.

Gold

Gold prices fell to a one-week low on Friday, and are on track for a weekly dip, weighed down by a stronger dollar and an uptick in U.S. bond yields.

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

Plan A: Remain short as long as gold price stays below 2031.3. Targets are 2015.6 and 2007.8.

Plan B: Attempts long only if gold price stays above 2031.3. Targets are 2039.1 and 2046.9.

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.