14 Aug 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

Wall Street ended mixed on Friday after hotter-than-expected U.S. producer prices data sank Nvidia and other interest rate-sensitive megacap growth stocks, offsetting gains in energy companies.

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

Plan A: Remain long as long as market trades above 35156. Targets are 35449 and 35645.

Plan B: Consider short if market stays below 35156. Targets are 35059 and 35010.

E-Mini S&P 500

The S&P 500 inched lower by 0.1%, ending at 4,464.05. 

The S&P 500 declined about 0.3% on the week. Both registered their second straight losing week.

The Dow is an outlier of the three major averages, advancing 0.6% this week.

Investors had much to celebrate earlier in the week.

July’s consumer price index, a major inflation reading for markets and the Federal Reserve, came in softer than anticipated on a year-over-year basis. Prices climbed 3.2% on an annual basis, less than the Dow Jones consensus estimate of 3.3%.

CPI reading showed some signs of stickiness. So-called core CPI, which excludes volatile food and energy costs, rose 4.7% from the prior year.

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

Plan A: Short if market failed to support above 4477. Targets are 4460 and 4448.

Plan B: Long if market supported firm above 4477 Targets are 4489 and 4496.




E-Mini Nasdaq

The Nasdaq Composite ended Friday lower and notched its second consecutive losing week in 2023 as semiconductor stocks languished.

The tech-heavy Nasdaq slid about 0.6% to end at 13,644.85, pulled down by a selloff in semiconductor stocks such as Advanced Micro Devices, Nvidia and Micron. The VanEck Semiconductor ETF (SMH) ended the week down 5.2%, its worst week since October 2022.

Inflation data released Friday complicated the picture. July’s producer price index, which tracks the price wholesalers pay for raw goods, rose 0.3% from the previous month. Economists polled by Dow Jones expected a 0.2% increase month over month.

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

Plan A: Short if market failed to support above 15077. Targets are 15049 and 15011.

Plan B: Long if market retraced but supported firm above 15077. Targets are 15108 and 15158.

HSI

Hong Kong stocks closed with another big loss on Friday as a below-forecast US inflation report was unable to soothe worries about the Federal Reserve's interest rate plans, while traders were also rattled by China's economic woes.

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

Plan A: Remain short if the market stays below 19375. Targets are 18750 and 18594.

Plan B: Consider long only if the market stays above 19375. Targets are 19531 and 19688.

WTI Crude

crude oil closed higher on Friday as the International Energy Agency reiterated its 2023 demand forecast but lowered its expectations for 2024 growth, even as it warned of higher prices due to OPEC+ production cuts.

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

Plan A: Remain short as long as oil price stays below 84.38. Targets are 82.03 and 81.25.

Plan B: Consider long only if oil price stays above 84.38. Targets are 85.16 and 85.94.

Gold

Gold prices hovered near a one-month low on Friday and were heading for their third consecutive weekly dip, as the dollar and bond yields strengthened after data showed U.S. producer prices increased in July.

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

Plan A: Remain short as long as gold price stays below 1921.87. Targets are 1910.15 and 1906.25.

Plan B: Attempts long only if gold price stays above 1921.87. Targets are 1925.78 and 1929.68.

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.