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Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 7 Aug 2020, 6:11 AM

 

Daily Futures Trading Strategy 16 July 2020

Author:   |    Publish date:


 

FUTURESCOIN IS GOING GLOBAL

 

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

 

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E-Mini Dow
 

Futures linked to the Dow index hit near five-month highs on Wednesday as signs of progress in developing a COVID-19 vaccine and a much better-than-expected quarterly profit for Goldman Sachs brightened the mood.

 

The U.S. lender jumped 4.6% before the bell as its trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March.

 

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

Plan A : Short if market falls below 26827. Targets are 26782 and 26737.

Plan B : Cut above 26875.

Plan C : Attempt to long if market tested and rebounds from 26580. Targets are 26625 and 26670.

Plan D : Cut below 26535.




E-Mini S&P 500


 

Stocks finished Wednesday's session higher, fueled by positive news regarding a potential coronavirus vaccine, as well as strong earnings results from Goldman Sachs. The Dow rose 227.51 points, or 0.9%, in its fourth straight positive session. The 30-stock index crossed above the 27,000 mark for the first time in more than a month, although it wasn’t able to hold that level into the close, and finished the session at 26,870.10.

 

With Wednesday’s gain the S&P 500 is now less than 5% away from recovering its February all-time high level, although some investors believe the the rally has run too far, too fast, given all the uncertainties that remain in the market.

 

“We are not out of the woods yet and are still far away from returning to pre-COVID-19 economic levels,” said Nate Fischer, chief investment strategist at Strategic Wealth Partners.

 

“The market is in need of a healthcare solution, as the economy was forced to shut down for a healthcare issue. So far, we’ve had fiscal and monetary assistance to this problem. Until a real medical remedy is found, the market will remain volatile,” he added.
 

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

 

Plan A : Long if market doesn't retrace much supported firm above 3194.25. Targets are 3219.50, 3235.25 and 3257.25.

Plan B : Short if market failed to support above 3194.25. Targets are 3168.25, 3147.50 and 3118.75.

 

 

 

E-Mini Nasdaq

 


Stock futures were little changed in overnight trading on Wednesday as earnings season gets underway, giving investors a clearer picture of the overall health of corporate America.


Futures on the Dow fell 63 points, pointing to a 48-point loss at Thursday’s open. S&P 500 futures fell 0.22%, while Nasdaq 100 futures slipped 0.55%.


Investors will monitor another batch of corporate earning results on Thursday, including from Bank of America and Morgan Stanley.


June’s retail sales number will also be released on Thursday, with economists polled by Dow Jones expecting a 5.2% jump as the economy continued to reopen. May's 17.7% surge blew past estimates and was the largest reading on record.


The S&P 500 rose 0.9%, while the Nasdaq Composite was the relative under-performer, rising just 0.5%. The tech-heavy index was weighed down by weakness in shares of Big Tech. Amazon slid more than 2%, while Netflix, Microsoft, and Alphabet also closed in the red as investors rotated out of these names and into sectors that are most sensitive to the economy’s reopening, such as cruise line operators.


Shares of Moderna finished the session 6.9% higher after data published by the New England Journal of Medicine showed the company’s coronavirus vaccine produced a "robust" immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial.
 

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

Plan A : Long if market doesn't retrace much and supported firm above 10592.25. Targets are 10625.50, 10649.75 and 10678.25.

Plan B : Short if market failed to support above 10592.25. Targets are 10555.25, 10510.50 and 10468.75. 

 

 

HSI

 

Hong Kong shares ended flat on Wednesday, after U.S. president Donald Trump’s decisions to revoke city’s special status and his sign-off on a sanction bill to target officials related to the new security law. 

 

 

At the close of trade, the Hang Seng index was up 3.69 points, or 0.01%, at 25,481.58, reversing earlier losses recorded in the mid-day session.

 

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

Plan A : Attempt short if market does not breach above 25794. Targets are 25719 and 25634. Cut above 25870.

Plan B : Attempt long if market rebounds firmly from 25525. Targets are 25605 and 25690. Cut below 25450.


 

 

WTI Crude

 

Oil prices rose more than 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its allies are set to ease supply curbs from August as the global economy gradually recovers from the coronavirus pandemic.

 

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

 

Plan A : Attempt buy if oil price trades firmly above 40.7

Plan B : Cut below 39.9

Plan C : Consider selling if oil price breaks below 40.7

Plan D : Cut above 41.6

 


 

Gold

 

Gold prices edged up on Wednesday, holding above the key $1,800 level, as a surge in coronavirus cases and simmering U.S.-China tensions bolstered safe-haven demand, but a strong equities market capped the advance.

 

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

 

Plan A : Attempt buy if gold price trades firmly above 1807.6

Plan B : Cut below 1801

Plan C : Consider selling if gold price surges but fails to breach above 1819

Plan D : Cut above 1826

 

 

 

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.

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
 

Futures linked to the Dow index hit near five-month highs on Wednesday as signs of progress in developing a COVID-19 vaccine and a much better-than-expected quarterly profit for Goldman Sachs brightened the mood.

 

The U.S. lender jumped 4.6% before the bell as its trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March.

 

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

Plan A : Short if market falls below 26827. Targets are 26782 and 26737.

Plan B : Cut above 26875.

Plan C : Attempt to long if market tested and rebounds from 26580. Targets are 26625 and 26670.

Plan D : Cut below 26535.




E-Mini S&P 500


 

Stocks finished Wednesday's session higher, fueled by positive news regarding a potential coronavirus vaccine, as well as strong earnings results from Goldman Sachs. The Dow rose 227.51 points, or 0.9%, in its fourth straight positive session. The 30-stock index crossed above the 27,000 mark for the first time in more than a month, although it wasn’t able to hold that level into the close, and finished the session at 26,870.10.

 

With Wednesday’s gain the S&P 500 is now less than 5% away from recovering its February all-time high level, although some investors believe the the rally has run too far, too fast, given all the uncertainties that remain in the market.

 

“We are not out of the woods yet and are still far away from returning to pre-COVID-19 economic levels,” said Nate Fischer, chief investment strategist at Strategic Wealth Partners.

 

“The market is in need of a healthcare solution, as the economy was forced to shut down for a healthcare issue. So far, we’ve had fiscal and monetary assistance to this problem. Until a real medical remedy is found, the market will remain volatile,” he added.
 

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

 

Plan A : Long if market doesn't retrace much supported firm above 3194.25. Targets are 3219.50, 3235.25 and 3257.25.

Plan B : Short if market failed to support above 3194.25. Targets are 3168.25, 3147.50 and 3118.75.

 

 

 

E-Mini Nasdaq

 


Stock futures were little changed in overnight trading on Wednesday as earnings season gets underway, giving investors a clearer picture of the overall health of corporate America.


Futures on the Dow fell 63 points, pointing to a 48-point loss at Thursday’s open. S&P 500 futures fell 0.22%, while Nasdaq 100 futures slipped 0.55%.


Investors will monitor another batch of corporate earning results on Thursday, including from Bank of America and Morgan Stanley.


June’s retail sales number will also be released on Thursday, with economists polled by Dow Jones expecting a 5.2% jump as the economy continued to reopen. May's 17.7% surge blew past estimates and was the largest reading on record.


The S&P 500 rose 0.9%, while the Nasdaq Composite was the relative under-performer, rising just 0.5%. The tech-heavy index was weighed down by weakness in shares of Big Tech. Amazon slid more than 2%, while Netflix, Microsoft, and Alphabet also closed in the red as investors rotated out of these names and into sectors that are most sensitive to the economy’s reopening, such as cruise line operators.


Shares of Moderna finished the session 6.9% higher after data published by the New England Journal of Medicine showed the company’s coronavirus vaccine produced a "robust" immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial.
 

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

Plan A : Long if market doesn't retrace much and supported firm above 10592.25. Targets are 10625.50, 10649.75 and 10678.25.

Plan B : Short if market failed to support above 10592.25. Targets are 10555.25, 10510.50 and 10468.75. 

 

 

HSI

 

Hong Kong shares ended flat on Wednesday, after U.S. president Donald Trump’s decisions to revoke city’s special status and his sign-off on a sanction bill to target officials related to the new security law. 

 

 

At the close of trade, the Hang Seng index was up 3.69 points, or 0.01%, at 25,481.58, reversing earlier losses recorded in the mid-day session.

 

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

Plan A : Attempt short if market does not breach above 25794. Targets are 25719 and 25634. Cut above 25870.

Plan B : Attempt long if market rebounds firmly from 25525. Targets are 25605 and 25690. Cut below 25450.


 

 

WTI Crude

 

Oil prices rose more than 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its allies are set to ease supply curbs from August as the global economy gradually recovers from the coronavirus pandemic.

 

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

 

Plan A : Attempt buy if oil price trades firmly above 40.7

Plan B : Cut below 39.9

Plan C : Consider selling if oil price breaks below 40.7

Plan D : Cut above 41.6

 


 

Gold

 

Gold prices edged up on Wednesday, holding above the key $1,800 level, as a surge in coronavirus cases and simmering U.S.-China tensions bolstered safe-haven demand, but a strong equities market capped the advance.

 

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

 

Plan A : Attempt buy if gold price trades firmly above 1807.6

Plan B : Cut below 1801

Plan C : Consider selling if gold price surges but fails to breach above 1819

Plan D : Cut above 1826

 

 

 

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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