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Author: Futurescoin   |   Latest post: Fri, 18 Sep 2020, 4:31 AM

 

Daily Futures Trading Strategy 18 September 2020

Author: Futurescoin   |  Publish date: Fri, 18 Sep 2020, 4:31 AM


                                         FUTURESCOIN IS GOING  GLOBAL


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
 
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
 
 
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E-Mini Dow

 
U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription.
 
Plan A : Attempt short if market trades below 27868. Targets are 27750 and 27610.
Plan B : Cut above 27933.
Plan C : Consider long if market stays firm above 27868. Targets are 27950 and 28079.
Plan D : Cut below 27811.
 
 
E-Mini S&P 500
 
The Dow closed 130.40 points lower, or 0.47%, to 27,901.98. The S&P 500 slid 0.84% to 3,357.01. The Nasdaq Composite dropped 1.27% to 10,910.28. The sell-off in Big Tech resumed Thursday, dragging down the broader market.
 
Shares of Apple and Microsoft were down 1.6% and 1%, respectively. Amazon dropped 2.25% and Alphabet slid 1.66%. Facebook shares closed 3.3% lower and Netflix lost 2.8%. Those losses added to Big Tech’s steep declines this month. For September, Facebook, Amazon, Netflix, Microsoft and Apple are all down at least 10%.
 
Mixed messaging around a potential coronavirus vaccine, as well as lingering concerns around the passage of further fiscal stimulus, also weighed on the market. President Donald Trump said late Wednesday that the U.S. could distribute a vaccine as early as October, contradicting the director of the Centers for Disease Control and Prevention, who told lawmakers earlier in the day that vaccinations would be in limited quantities this year and not widely distributed for six to nine months. Trump also suggested he could support a larger stimulus package, but a Politico report suggested Senate Republicans appeared reluctant to do so without more details on a bill.
 
Consumer sentiment data is set for release Friday at 10 a.m.

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

Plan A : Long if market doesn't retrace much and supported firm above 3346. Targets are 3362, 3377 and 3400.

Plan B : Short if market failed to support above 3346. Targets are 3320, 3299 and 3275.


 
 
E-Mini Nasdaq

Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names.

During Thursday’s regular trading session, the S&P 500 declined 0.8% for its biggest drop in a week. The Dow dipped 130 points, snapping a four-day winning streak. The tech-heavy Nasdaq Composite fell 1.3% and briefly dipped back into correction territory, down 10% from its record high. 

Some of the biggest technology stocks have suffered double-digit losses so far this month as investors rotated out of high-flying market leaders. Amazon, Microsoft, Facebook and Apple have all lost at least 10% this month.

Investors also remained on edge about the outlook on further coronavirus stimulus as well as the timing of a viable vaccine. 

Republicans and Democrats are still struggling to agree on how much aid to continue to provide in a follow-up bill to the previous $2 trillion package. President Donald Trump said Wednesday he liked “the larger numbers,” urging GOP lawmakers to go for a bigger coronavirus stimulus, but his comments left Republicans skeptical.

On Thursday, the Federal Reserve, which just began a second round of Wall Street stress tests, said it’s weighing whether to continue capping U.S. banks’ dividend payments and share buybacks.


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription.
 
Plan A : Long if market doesn't retrace much and supported firm above 11165. Targets are 11193, 11228 and 11252.
 
Plan B : Short if market rebounded and resisted around 11165. Targets are 11118, 11070 and 11025.

 
 
HSI
 
Hong Kong shares ended lower on Thursday, tracking weakness in other Asian markets, after the U.S. Federal Reserve pledged to keep interest rate low but stopped short of offering fresh stimulus to boost the world's largest economy.

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

Plan A : Attempt short if market trades below 24440. Targets are 24335 and 24250.
Plan B : Cut above 24540.
Plan C : Consider long if market stays firm above 24300. Targets are 24440 and 24530.
Plan D : Cut below 24250.

 
 
WTI Crude
 
Oil prices rose about 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.

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

Plan A : Remain buy as long as oil price holds resiliently above 40.6
Plan B : Exit below 39.9
Plan C : Attempt selling if oil price surges but fails to breach above 41.2
Plan D : Cut above 41.9

 
 
Gold
 
Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors' hopes for more stimulus to support the coronavirus-hit economy.

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

Plan A : Remain buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966
 
 

 

 

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 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.

 

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Daily Futures Trading Strategy 17 September 2020

Author: Futurescoin   |  Publish date: Thu, 17 Sep 2020, 4:26 AM


                                      FUTURESCOIN IS GOING GLOBAL


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
 
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
 
 
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E-Mini Dow

 
The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period.

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

Plan A : Attempt short if market trades below 28079. Targets are 27950 and 27868.
Plan B : Cut above 28159.
Plan C : Consider long if market stays firm above 27868. Targets are 27950 and 28079.
Plan D : Cut below 27811.
 
 
 
E-Mini S&P 500
 
The Dow rose 36.78 points, or 0.1%, to 28,032.38. The S&P 500 slid 0.5% to 3,385.49. The Nasdaq Composite dropped 1.25% to 11,050.47. The S&P 500 and Nasdaq pulled back as shares of major tech companies declined. Traders also digested the latest monetary policy decision from the Federal Reserve. 
 
The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2% over time,” the Federal Open Market Committee said in a statement. Fed Chairman Jerome Powell reiterated the central bank’s approach, telling reporters in a news conference: “We expect to maintain an accommodative stance of monetary policy until these outcomes, including maximum employment, are achieved.”
 
Shares of Apple dropped 2.9% and Microsoft slid 1.8%, capping the gains for the 30-stock Dow. Facebook dipped 3.3% and Amazon closed 2.5% lower. Netflix and Alphabet declined by 2.5% and 1.5%, respectively. 
 
The latest data on weekly jobless claims is set for release Thursday. Housing starts numbers are also on the agenda.
 
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription.

Plan A : Long if market supported firm above 3346. Targets are 3360, 3375 and 3399.
 
Plan B : Short if market failed to support above 3346. Targets are 3320, 3296 and 3267.
 
 
 
E-Mini Nasdaq
 

U.S. stock futures were lower early Thursday morning as traders digested the Federal Reserve’s pledge to keep rates low over the next few years.

Members of the Federal Open Market Committee indicated the U.S. overnight rate could stay anchored to the zero-bound through 2023 as the central bank tries to spur inflation. In a statement, the committee said: “With inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time.”

Fed Chairman Jerome Powell reiterated this stance in a news conference, saying easy monetary policy will remain “until these outcomes, including maximum employment, are achieved.”

He also said that parts of the U.S. economy will keep struggling unless lawmakers move forward with further fiscal stimulus. That comment from Powell came as lawmakers struggle to reach a deal on a new coronavirus aid bill. Earlier on Wednesday, White House chief of staff Mark Meadows said he was optimistic a deal could be struck.

The S&P 500 and Nasdaq both closed lower and the Dow ended well off its session high. Big Tech dragged down the S&P 500 and Nasdaq, with Apple, Facebook and Microsoft all closing lower.

On Thursday, Wall Street will get the latest look at U.S. weekly jobless claims. U.S. housing starts data are also set for release.

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

Plan A : Long if market supported firm above 11144. Targets are 11170, 11205 and 11228.

Plan B : Short if market failed to support above 11144. Targets are 11090, 11041 and 10989.

 
 
HSI
 
Hong Kong shares close flat on Wednesday as investors traded cautiously ahead of the U.S. Federal Reserve's policy meeting, where the central bank is expected to keep interest rates low to support the pandemic-stricken economy.

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

Plan A : Attempt short if market trades below 24761. Targets are 24635 and 24538.
Plan B : Cut above 24875.
Plan C : Consider long if market stays firm above 24518. Targets are 24635 and 24761.
Plan D : Cut below 24460.

 
 
WTI Crude
 
Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.

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

Plan A : Remain buy as long as oil price holds resiliently above 39.9

Plan B : Exit below 38.6
Plan C : Attempt selling if oil price surges but fails to breach above 40.1
Plan D : Cut above 40.7

 

Gold
 
Gold prices were flat on Wednesday after the Federal Reserve pledged to keep rates low until at least 2023.

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

Plan A : Remain buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966

 

 

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 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.

 

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Daily Futures Trading Strategy 15 September 2020

Author: Futurescoin   |  Publish date: Tue, 15 Sep 2020, 4:18 AM


                                           FUTURESCOIN IS GOING GLOBAL


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
 
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
 
 
Click here to contact us : https://goo.gl/B6Dccf 

 

 

E-Mini Dow

 
U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.
 

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

Plan A : Attempt short if market surges but trades below 28079. Targets are 27950 and 27868.
Plan B : Cut above 28159.
Plan C : Consider long if market stays firm above 27868. Targets are 27950 and 28079.
Plan D : Cut below 27818.
 
 
E-Mini S&P 500
 
The Dow closed 327.69 points higher, or 1.18%, at 27,993.33. The S&P 500 rallied 1.27% to 3,383.54. The Nasdaq Composite advanced 1.87% to 11,056.65. A flurry of corporate deals and renewed hope around a coronavirus vaccine led to a broad market rally on Monday.
 
Nvidia said it was buying chipmaker Arm Holdings from SoftBank for $40 billion. Nvidia will finance the deal through a combination of cash and common stock. ByteDance rejected Microsoft’s bid to buy TikTok's U.S. operations. Instead, ByteDance has chosen Oracle to be TikTok’s U.S. technology partner, and Oracle will take a significant stake in the business. Gilead said it will acquire Immunomedics to expand its cancer treatments for $21 billion, leading Immunomedics stock to double in value.
 
Apple shares climbed 3%, leading the 30-stock Dow higher. Tesla popped 12% as the broader tech sector rallied. The stock also got a boost from comments made by a Goldman Sachs analyst. Chipmakers also rallied, with Nvidia surging 5.8%. Micron, Skyworks Solutions and AMD also advanced. 
 
The Federal Reserve is set to kick off a two-day policy meeting on Tuesday. Industrial production numbers along with import and export data are scheduled for release. 
 

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

 
Plan A : Long if market supported firm above 3396. Targets are 3412, 3423 and 3440.
 
Plan B : Short if market failed to support above 3396. Targets are 3370, 3340 and 3318.
 
 
 
E-Mini Nasdaq
 

U.S. stock futures ticked slightly higher early Tuesday morning after the market kicked off the week with a broad-based rally. 

The move in futures follows a bounce-back session for Wall Street on Monday. Fresh off its worst week since March, the Nasdaq Composite led the way with a 1.9% gain as major tech stocks found their footing. The Dow and S&P 500 both gained more than 1% as well, with advancing stocks outnumbering declining ones nearly 5-to-1 on the New York Stock Exchange. 

Sentiment was boosted on Monday by positive news on the vaccine front, with AstraZeneca resuming its phase three trial in the United Kingdom and Pfizer CEO Albert Bourla saying over the weekend the company should be able to present key data from its trial to regulators by the end of October. 

The tech sector could generate more market-moving headlines on Wednesday, with Apple expected to announce new products at a digital-only event. The company is not expected to release a new iPhone, however. 

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

Plan A : Long if market supported firm above 11368. Targets are 11398, 11420 and 11460.

Plan B : Short if market failed to support above 11368. Targets are 11321, 11275 and 11227.

 
 
HSI
 
Hong Kong stocks ended higher on Monday tracking a global rally on fresh coronavirus vaccine hopes, while investors also awaited the U.S. Federal Reserve's policy meeting later this week for monetary policy outlook cues in the world's largest economy.

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

Plan A : Attempt short if market trades below 24761. Targets are 24635 and 24538.
Plan B : Cut above 24875.
Plan C : Consider long if market stays firm above 24518. Targets are 24635 and 24761.
Plan D : Cut below 24460.

 
 
WTI Crude
 
Oil prices slipped slightly on Monday amid concerns about a stalled global economic recovery and with Libya poised to resume production, and failed to get support from an impending storm which has disrupted U.S. oil output.

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

Plan A : Consider buy if oil price holds resiliently above 36.7

Plan B : Exit below 36.1
Plan C : Attempt selling if oil price recovers but fails to breach above 37.6
Plan D : Cut above 38.7
 
 
Gold
 
Gold jumped about 1% on Monday as the dollar weakened, while expectations around the U.S. Federal Reserve maintaining its dovish monetary policy this week further boosted the safe haven metal's allure.

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

Plan A : Attempt buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966
 

 

 

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 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.

 

  Be the first to like this.
 

Daily Futures Trading Strategy 14 September 2020

Author: Futurescoin   |  Publish date: Mon, 14 Sep 2020, 5:05 AM


                                          FUTURESCOIN IS GOING GLOBAL


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
 
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
 
 
Click here to contact us : https://goo.gl/B6Dccf 

 

 

E-Mini Dow

 
Dow ends higher but Wall Street posts second straight weekly drop on tech slide on Friday. The Dow closed up 131-points to settle at 27,665.
 

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

Plan A : Attempt short if market recovers but trades below 27826. Targets are 27666 and 27567.
Plan B : Cut above 27940.
Plan C : Consider long if market stays firm above 27567. Targets are 27666 and 27777.
Plan D : Cut below 27487.
 
 
E-Mini S&P 500
 
The Dow rose 131.06 points, or 0.48%, to 27,665.64. The S&P 500 was flat at 3,340.97. The Nasdaq Composite dropped 0.6% to 10,853.54. Wall Street suffered through another volatile session to end the tech-heavy Nasdaq's worst week since March, down 4%. It is off by 10% from its recent record.
 
Shares of the major tech companies fell broadly. Facebook closed 0.6% lower. Amazon slid 1.9%. Apple ended the day down 1.3%. Apple fell 7% on the week.
 
Lennar is set to report earnings on Monday. The Fed will hold its last monetary policy meeting before the election next week.

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

 
Plan A : Short if market failed to support above 3369. Targets are 3341, 3315 and 3290.
Plan B : Long if market doesn't retrace much and supported firm above 3369. Targets are 3384, 3398 and 3420.
 


E-Mini Nasdaq

U.S. stock futures rose early Monday morning after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months.

Sentiment was lifted in part by news of Nvidia buying chip maker Arm Holdings from SoftBank for $40 billion. Nvidia will finance the deal through a combination of cash and common stock. 

“There is nothing untoward about the fundamentals nor earnings expectations. An upside surprise would come from further dollar weakness, while the emergence of a vaccine and/or a rise in long-term rates would curb performance,” said Darby, a global equity strategist at the firm.

Investors are coming into the new week amid dwindling hope of lawmakers striking a deal on new fiscal stimulus.

Senate Majority Leader Mitch McConnell, R-KY, said on Friday the chances of Republicans and Democrats reaching a deal don’t “look that good right now.” Earlier this month, House Speaker Nancy Pelosi, D-Calif., said Democrats and the White House had “serious differences" over coronavirus aid.

Meanwhile, the number of U.S. coronavirus cases are growing by 5% or more in 11 states, according to a CNBC analysis of Johns Hopkins University data. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said last week that recent coronavirus data was “disturbing.”

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

Plan A : Short if market failed to support above 11260. 

Targets are 11215, 11168 and 11105.

Plan B : Long if market doesn't retrace much and supported firm above 11260. Targets are 11292, 11318 and 11359.
 

 
HSI
 
Hong Kong shares bounced on Friday, as investors snapped up tech stocks hit by this week's sell-off, though the benchmark index ended lower for the week as economic worries and Sino-U.S. tensions continued to weigh on sentiment.

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

Plan A : Attempt short if market trades below 24518. Targets are 24368 and 24230.
Plan B : Cut above 24590.
Plan C : Consider long if market stays firm above 24368. Targets are 24444 and 24518.
Plan D : Cut below 24280.

 
 
WTI Crude
 
Oil prices edged higher on Friday as equities markets firmed but crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID-19 cases in some countries.
 

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

Plan A : Consider buy if oil price holds resiliently above 36.7
Plan B : Exit below 36.1
Plan C : Attempt selling if oil price recovers but fails to breach above 37.6
Plan D : Cut above 38.7

 

Gold

 
Gold slipped on Friday on lack of further stimulus from the European Central Bank and the U.S. government, but for the week the safe-haven metal was set to end higher on concerns over an economic recovery.
 

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

Plan A : Attempt buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966

 

 

 

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 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.

 

  Be the first to like this.
 

Daily Futures Trading Strategy 11 September 2020

Author: Futurescoin   |  Publish date: Fri, 11 Sep 2020, 3:59 AM


                                          FUTURESCOIN IS GOING GLOBAL


WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
 
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
 
 
Click here to contact us : https://goo.gl/B6Dccf 

 

 

E-Mini Dow

 
U.S. stocks closed lower after a choppy trading session on Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription.
 
Plan A : Attempt short if market recovers but trades below 27666. Targets are 27567 and 27487.
Plan B : Cut above 27777.
Plan C : Consider long if market stays firm above 27567. Targets are 27666 and 27777.
Plan D : Cut below 27487.
 
 
E-Mini S&P 500
 
The Dow dropped 405.89 points, or 1.45%, to close at 27,534.58. The S&P 500 slid 1.8% to 3,339.19. The Nasdaq Composite closed 1.99% lower at 10,919.59. Stocks were under pressure as tech shares resumed their sell-off.
 
Apple shares fell 3% after rising as much as 2.7%. Tesla, which popped more than 8% at one point, ended the day up slightly. Facebook, Amazon, Netflix, Alphabet and Microsoft  also fell. “It’s a tricky market,” said one strategist. “You look up one second and the market’s down. You look down the other second and you’re back up.”
 
U.S. weekly jobless claims came in at 884,000 for the week ending Sept. 5. Economists polled by Dow Jones expected claims to come in at 850,000.
 
U.S. consumer inflation data is set for release Friday. Kroger is scheduled to report earnings before the bell. 

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

Plan A : Long if market supported firm above 3371. Targets are 3385, 3402 and 3415.
 
Plan B : Short if market failed to support above 3371. Targets are 3346, 3320 and 3290.
 
 
 
E-Mini Nasdaq

U.S. stock futures traded higher early Friday morning after a volatile session in which the recent tech sell-off resumed.

Thursday’s declines put the S&P 500 down more than 2% for the week along with the 30-stock Dow. The Nasdaq, meanwhile, has dropped 3.5% week to date.

“The next couple of sessions will be crucial in judging the possible extent of the pullback, and bulls will be looking for signs of positive divergences as the major indices approach their 50-day moving averages,” said Ken Berman, strategist of Gorilla Trades.

In corporate news, Peloton and Oracle rose in after-hours trading on the back of better-than-expected quarterly results. Peloton gained more than 6% and Oracle climbed 3.7%.

On the data front, the latest reading on the U.S. consumer price index is set for release Friday at 8:30 a.m.

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

Plan A : Long if market doesn't retrace much and supported firm above 11260. Targets are 11292, 11319 and 11348.

Plan B : Short if market failed to support above 11260. Targets are 11221, 11171 and 11111.

 
HSI
 
Hong Kong shares retreated in the afternoon session to finish lower on Thursday, tracking broad weakness in the mainland market dragged down by a slump in China's start-up stocks.

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

Plan A : Attempt short if market trades below 24430. Targets are 24230 and 24150.
Plan B : Cut above 24518.
Plan C : Consider long if market stays firm above 24150. Targets are 24230 and 24380.
Plan D : Cut below 24080.

 
 
WTI Crude
 
Oil prices eased on Thursday after U.S. data showed a surprise build in crude stockpiles last week, confirming an industry report.
 

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

Plan A : Consider buy if oil price holds resiliently above 36.7
Plan B : Exit below 36.1
Plan C : Attempt selling if oil price recovers but fails to breach above 37.6
Plan D : Cut above 38.7

 

Gold

 
Gold jumped 1% on Thursday, as the dollar weakened after European Central Bank kept its policy unchanged and U.S. jobless claims held at high levels, dimming hopes of a quick economic recovery from the effects of the coronavirus pandemic.

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

Plan A : Attempt buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966
 

 

 

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 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.

 

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Daily Futures Trading Strategy 10 September 2020

Author: Futurescoin   |  Publish date: Thu, 10 Sep 2020, 4:22 AM


                                             FUTURESCOIN IS GOING GLOBAL


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

 
Wall Street's main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after Nasdaq confirmed correction territory.

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Plan A : Attempt short if market recovers but trades below 28085. Targets are 27985 and 27826.
Plan B : Cut above 28136.
Plan C : Consider long if market stays firm above 27826. Targets are 27985 and 28085.
Plan D : Cut below 27777.
 
 
E-Mini S&P 500
 
The Dow rallied 439.58 points, or 1.6%, to close at 27,940.47. The S&P 500 jumped 2% to 3,398.96. The Nasdaq Composite advanced 2.7% to 11,141.56. Tech shares rebounded, helping the broader market recover from a tough three-day stretch.
 
Tesla shares rallied 10.9% a day after their biggest one-day sell-off on record. Apple advanced 4% to lead the Dow higher. Facebook, Amazon, Alphabet and Microsoft were also higher. “We were due for a bounce,” said one trader. “We had three days of decent selling and these things tend to get a little overextended.”
 
Despite Wednesday’s sharp gains, Stanley Druckenmiller thinks investors need to be careful around this market. “Right now, we’re in an absolute raging mania,” he said on CNBC’s “Squawk Box.” “Everybody loves a party ... but, inevitably, after a big party there’s a hangover.”
 
Weekly jobless claims numbers are set for release Thursday. 
 

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Plan A : Long if market doesn't retrace much and supported firm above 3393. Targets are 3409, 3423 and 3445.

Plan B : Short if market failed to support above 3393. Targets are 3365, 3342 and 3300.

 
E-Mini Nasdaq

U.S. stock futures were higher in early Thursday morning trading following a rebound during market hours that stopped a three-day skid. 

The move in futures follows a broad rally for the market on Wednesday, with the S&P 500 rising 2% for its best day since June. The Nasdaq Composite rose 2.7% to pull itself out of correction territory after a sell-off for major tech stocks drove a sharp sell-off in three straight sessions. 

Some of stocks hardest hit during the recent slide saw more dramatic pops. Shares of Tesla, fresh off their worst day on record, rose nearly 11%. Tech giant Apple gained 4% to bring its market cap back to $2 trillion. 

The three-day drop came amid increasing worry on Wall Street about a tech bubble, with major tech stocks fueling the Nasdaq Composite to record highs despite the hit to the economy from the coronavirus pandemic. Some said the pullback did not go far enough, with Duquesne Family Office CEO Stanley Druckenmiller telling CNBC on Wednesday morning that the market was in an “absolute raging mania.” 

Investors will be be greeted with new economic data on Thursday morning, including the Labor Department’s weekly jobless claims report. Economists surveyed by Dow Jones expect 850,000 new claims, down from 881,000 last week. 

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Plan A : Short if market failed to support above 11297. Targets are 11250, 11199 and 11150.

Plan B : Long if market doesn't retrace much and supported firm above 11297. Targets are 11322, 11358 and 11390.

 
HSI
 
Hong Kong stocks ended lower on Wednesday, dragged down by tech shares following a tech rout on the Wall Street.

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Plan A : Attempt short if market trades below 24761. Targets are 24518 and 24368.
Plan B : Cut above 24827.
Plan C : Consider long if market stays firm above 24518. Targets are 24630 and 24761.
Plan D : Cut below 24450.

 
WTI Crude
 
Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.

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Plan A : Consider buy if oil price holds resiliently above 37.6
Plan B : Exit below 36.8
Plan C : Attempt selling recovers but fails to breach above 38.2
Plan D : Cut above 38.7

Gold

Gold prices rose to their highest level in nearly a week on Wednesday, as the dollar weakened and concerns over a delay in the development of a coronavirus vaccine drove investors toward the safe-haven metal.

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Plan A : Attempt buy if gold price trades firmly above 1935.2
Plan B : Cut below 1930
Plan C : Consider selling if gold price surges but fails to breach above 1955
Plan D : Cut above 1966
 

 

 

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 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.

 

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