Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 22 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

U.S. stock index futures rose on Tuesday after a better-than-expected quarterly profit from IBM and on hopes for more domestic stimulus to prop up an economy reeling from the COVID-19 pandemic. 

International Business Machines Corp jumped 5.3% premarket after it signaled higher demand in its cloud computing business, as large corporations accelerate their digital shift. 

Advisers to President Donald Trump and congressional Democrats were set to discuss the next steps in responding to the coronavirus crisis on Tuesday, with congressional Republicans saying they were working on a $1 trillion relief bill. Also lifting the mood, European Union leaders agreed on a massive coronavirus relief program overnight.

 

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

Plan A : Short if market recovers but does not breach above 26925. Targets are 26880 and 26835.

Plan B : Cut above 26970.

Plan C : Attempt to long if market holds firm above 26788. Targets are 26835 and 26875.

Plan D : Cut below 26745.

 

 


E-Mini S&P 500

 

The Dow climbed 159.53 points, or 0.60%, to 26,840.40. The S&P 500 gained 0.17% to 3,257.30. The Nasdaq Composite dipped 0.81% to 10,680.36. Traders booked profits from the major tech names and added to positions in the more beaten-down value stocks.

 

Shares of Facebook, Amazon, Netflix, Microsoft and Apple were all down more than 1%. This muted performance comes after a big run-up in July. These stock are all up at least 2.5% month to date. Bank stocks — which have taken a beating this year — rose broadly. JP Morgan Chase advanced 2.17% and Bank of America climbed 3.56%. Delta Airlines advanced 0.80% and United Airlines climbed 2.29%. “The price action is the reverse of Monday directionally as cyclicals/value outperform while investors book profits in growth/momentum,” said one trader.

 

Investors were also monitoring the talks in Washington on the next coronavirus relief bill. Lawmakers face pressure to pass legislation before the end of the month, when the $600 per week federal unemployment insurance benefit is set to expire. 

 

Weekly mortgage applications data and existing home sales numbers are set for release Wednesday along with Microsoft and Tesla earnings.

 

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

 

Plan A :Short if market failed to support above 3231.25. Targets are 3200.25, 3185.25 and 3150.50.

Plan B : Long if market doesn't retrace much and supported firm above 3231.25. Targets are 3256.50, 3275.25 and 3298.75.

 

 


E-Mini Nasdaq

U.S. stock futures slipped in overnight trading ahead of major technology earnings from Microsoft and Tesla on Wednesday. 

 

Dow futures ticked 45 points lower. Futures also pointed to a slightly lower open for the S&P 500 and Nasdaq-100.

 

The Nasdaq Composite underperformed, dipping 0.8% as Facebook, Amazon Apple, Netflix and Google-parent Alphabet all closed lower. The Nasdaq gained more than 2.5% on Monday. 

 

A few disappointing company earnings after the bell Tuesday weighed on investor sentiment. Shares of Snap dropped more than 9% in extended trading after the social media company reported fewer-than-expected daily active users.

 

Earnings season continues on Wednesday with reports from Microsoft, Tesla, Chipotle Mexican Grill, CSX and Las Vegas Sands after the closing bell. All eyes will be on Tesla’s earnings, which could make the company qualify to become a S&P 500 constituent.

 

Existing home sales for June will be released at 10:00 a.m. on Wednesday. Economists polled by Dow Jones are expecting a rebound to 4.73 million sales. 

 

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

 

Plan A : Long if market supported firm above 10832.50. Targets are  10865.25, 10890.25 and 10925.25.

Plan B : Short if market failed to support above 10832.50. Targets are 10788.25, 10750.25 and 10700.75.

 

 

HSI

 

Hong Kong stocks ended higher on Tuesday, tracking wider gains in other Asian markets, as investors cheered European Union’s stimulus plan to revive the coronavirus-hit economies, while hopes for a vaccine also boosted risk appetite.

 

At the close of trade, the Hang Seng index was up 577.67 points or 2.31% at 25,635.66.

 

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

Plan A : Attempt short if market does not breach above 25776. Targets are 25705 and 25615. Cut above 25850.

Plan B : Attempt long if market rebounds from 25548. Targets are 25625 and 25705. Cut below 25475.
 

 

 

WTI Crude

 

Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.

 

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

 

Plan A : Remain buy as long as oil price trades firmly above 41.0

Plan B : Exit below 40.7

Plan C : Consider selling if oil price surges but fails to breach above 41.6

Plan D : Cut above 42.6

 



Gold


Gold soared to a nine-year peak on Tuesday, boosted by a dollar sell-off and expectations for increased stimulus to aid the recovery of pandemic-hit economies.

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

Plan A : Remain buy as long as gold price stays firm above 1838.1

Plan B : Exit below 1829.8

Plan C : Consider selling if gold price falls below 1838.1

Plan D : Cut above 1848

 

 

 

 

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

U.S. stock index futures rose on Tuesday after a better-than-expected quarterly profit from IBM and on hopes for more domestic stimulus to prop up an economy reeling from the COVID-19 pandemic. 

International Business Machines Corp jumped 5.3% premarket after it signaled higher demand in its cloud computing business, as large corporations accelerate their digital shift. 

Advisers to President Donald Trump and congressional Democrats were set to discuss the next steps in responding to the coronavirus crisis on Tuesday, with congressional Republicans saying they were working on a $1 trillion relief bill. Also lifting the mood, European Union leaders agreed on a massive coronavirus relief program overnight.

 

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

Plan A : Short if market recovers but does not breach above 26925. Targets are 26880 and 26835.

Plan B : Cut above 26970.

Plan C : Attempt to long if market holds firm above 26788. Targets are 26835 and 26875.

Plan D : Cut below 26745.

 

 


E-Mini S&P 500

 

The Dow climbed 159.53 points, or 0.60%, to 26,840.40. The S&P 500 gained 0.17% to 3,257.30. The Nasdaq Composite dipped 0.81% to 10,680.36. Traders booked profits from the major tech names and added to positions in the more beaten-down value stocks.

 

Shares of Facebook, Amazon, Netflix, Microsoft and Apple were all down more than 1%. This muted performance comes after a big run-up in July. These stock are all up at least 2.5% month to date. Bank stocks — which have taken a beating this year — rose broadly. JP Morgan Chase advanced 2.17% and Bank of America climbed 3.56%. Delta Airlines advanced 0.80% and United Airlines climbed 2.29%. “The price action is the reverse of Monday directionally as cyclicals/value outperform while investors book profits in growth/momentum,” said one trader.

 

Investors were also monitoring the talks in Washington on the next coronavirus relief bill. Lawmakers face pressure to pass legislation before the end of the month, when the $600 per week federal unemployment insurance benefit is set to expire. 

 

Weekly mortgage applications data and existing home sales numbers are set for release Wednesday along with Microsoft and Tesla earnings.

 

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

 

Plan A :Short if market failed to support above 3231.25. Targets are 3200.25, 3185.25 and 3150.50.

Plan B : Long if market doesn't retrace much and supported firm above 3231.25. Targets are 3256.50, 3275.25 and 3298.75.

 

 


E-Mini Nasdaq

U.S. stock futures slipped in overnight trading ahead of major technology earnings from Microsoft and Tesla on Wednesday. 

 

Dow futures ticked 45 points lower. Futures also pointed to a slightly lower open for the S&P 500 and Nasdaq-100.

 

The Nasdaq Composite underperformed, dipping 0.8% as Facebook, Amazon Apple, Netflix and Google-parent Alphabet all closed lower. The Nasdaq gained more than 2.5% on Monday. 

 

A few disappointing company earnings after the bell Tuesday weighed on investor sentiment. Shares of Snap dropped more than 9% in extended trading after the social media company reported fewer-than-expected daily active users.

 

Earnings season continues on Wednesday with reports from Microsoft, Tesla, Chipotle Mexican Grill, CSX and Las Vegas Sands after the closing bell. All eyes will be on Tesla’s earnings, which could make the company qualify to become a S&P 500 constituent.

 

Existing home sales for June will be released at 10:00 a.m. on Wednesday. Economists polled by Dow Jones are expecting a rebound to 4.73 million sales. 

 

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

 

Plan A : Long if market supported firm above 10832.50. Targets are  10865.25, 10890.25 and 10925.25.

Plan B : Short if market failed to support above 10832.50. Targets are 10788.25, 10750.25 and 10700.75.

 

 

HSI

 

Hong Kong stocks ended higher on Tuesday, tracking wider gains in other Asian markets, as investors cheered European Union’s stimulus plan to revive the coronavirus-hit economies, while hopes for a vaccine also boosted risk appetite.

 

At the close of trade, the Hang Seng index was up 577.67 points or 2.31% at 25,635.66.

 

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

Plan A : Attempt short if market does not breach above 25776. Targets are 25705 and 25615. Cut above 25850.

Plan B : Attempt long if market rebounds from 25548. Targets are 25625 and 25705. Cut below 25475.
 

 

 

WTI Crude

 

Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.

 

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

 

Plan A : Remain buy as long as oil price trades firmly above 41.0

Plan B : Exit below 40.7

Plan C : Consider selling if oil price surges but fails to breach above 41.6

Plan D : Cut above 42.6

 



Gold


Gold soared to a nine-year peak on Tuesday, boosted by a dollar sell-off and expectations for increased stimulus to aid the recovery of pandemic-hit economies.

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

Plan A : Remain buy as long as gold price stays firm above 1838.1

Plan B : Exit below 1829.8

Plan C : Consider selling if gold price falls below 1838.1

Plan D : Cut above 1848

 

 

 

 

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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