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Author: Futurescoin   |   Latest post: Fri, 28 Feb 2020, 5:34 AM

 

Daily Futures Trading Strategy 3 February 2020

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FUTURESCOIN IS GOING GLOBAL

 

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

 

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E-Mini Dow

Caution about the economic impact of the coronavirus epidemic knocked U.S. stock index futures lower on Friday, more than offsetting a boost from the latest batch of upbeat quarterly corporate earnings.

The main stock indexes were on course to round off the week on a poor note as the World Health Organization (WHO) declared the epidemic a global emergency. 

The fast-spreading virus has killed more than 200 people in China and infected thousands globally, while disrupting supply chains and curbing travel, prompting Wall Street economists to temper their growth expectations for the country.

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Plan A : Continue to hold short as long as market does not breach above 28285. Targets are 28255, 28215 and 28170.
Plan B : Cut below 28320.
Plan C : Attempts to long if market rebounds from 28285. Targets are 28315, 28355 and 28405.
Plan D : Cut below 28250.

 

 

 

E-Mini S&P 500

 

Stocks fell sharply on Friday, wiping out the Dow Jones Industrial Average’s gain for January, as investors grew increasingly worried about the potential economic impact of China’s fast-spreading coronavirus.

 

The Dow dropped 603.41 points, or 2.09%, to 28,256.03 in the 30-stock average’s worst day since August. The S&P 500 had its worst day since October, falling 1.77% to 3,225.52. The Nasdaq Composite dropped 1.59% to 9,150.94.

 

On Friday, the U.S. declared the coronavirus a public health emergency within the country. Delta, American and United suspended all flights between China and the U.S.

 

The virus, which was first discovered in the Chinese city of Wuhan, has now spread to at least 18 other countries and has dampened sentiment over global economic growth. China’s National Health Commission confirmed on Friday that there have been 9,692 confirmed cases of the coronavirus, with 213 deaths.

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

Plan A : Long if market supported firm above 3240.25. Targets are 3255.50, 3264.25 and 3276.50.

Plan B : Short if market failed to support above 3240.25. Targets are 3225.25, 3213.50 and 3203.25.

 


 

E-Mini Nasdaq


The stock sell-off deepened on the last day of January on concerns that the deadly coronavirus will disrupt the global economy, and in the process ruined an old market indicator that was signaling a positive year.

 

Friday’s losses erased all the earlier gains in January for the S&P 500, with the index down about 0.2% on the month. The Dow Jones Industrial Average has turned also red for January, down 1%. Perhaps the indicator now is signaling a volatile year we may have ahead.

 

Investors were caught off guard in the middle of January when the coronavirus spread from China to the U.S., causing a broad sell-off in risk assets. Now, the number of confirmed coronavirus cases has risen to 9,782 in mainland China, bringing the global total to almost 10,000 cases with at least 213 deaths. Major U.S. airlines also announced plans to suspend their already reduced service to China.

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

 

Plan A : Short if market failed to support above 9060.50. Targets are 9022.25, 8991.50 and 8965.25.

Plan B : Long if market supported firm above 9060.50. Targets are 9090.25, 9112.25 and 9129.50.

 

 

 

HSI

 

Hong Kong stocks erased morning session gains and ended lower on Friday, dragged down by healthcare and energy. However, bargain-hunting emerged in consumer stocks which were battered by a recent selloff amid fears of the coronavirus outbreak in China.

 

The Hang Seng Index closed down 0.5% at 26,312.63 points, the lowest since Dec. 5, ending the three-session trading week 5.9% lower.

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

Plan A : Above 26468, do nothing.
Plan B : Below 25803, do nothing.
Plan C : Continue to hold short as long as market does not breach 26468.
Plan D : Cut above 28545.
Plan E : Attempt to long if market tested and rebounds from 25803.
Plan F : Cut below 25725.

 

 

 

WTI Crude

 

Oil prices fell on Friday and were on track for a fourth consecutive weekly loss, as market grew more concerned about the economic damage of the new coronavirus that has spread from China to around 200 countries, killing more than 200 people.

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

Plan A : Attempt buy if oil price manage to hold firm above 50.3

Plan B : Cut below 50.1

Plan C : Consider selling if oil price recovers but fails to breach above 52.5

Plan D : Cut above 53.3

 


 

Gold

 

Gold prices edged higher on Friday and were track for their biggest monthly gain in five, as concerns of an economic slowdown arising from the coronavirus epidemic kept the safe-haven metal supported.

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

Plan A : Remain buy as long as gold price trades firmly above 1584

Plan  B : Cut below 1580

Plan C : Consider selling only if gold price surges but fail to breach and holds firm above 1591

Plan D : Cut above 1594


 

 

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 correctaysion, 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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