Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 23 Oct 2020, 4:26 AM

 

Daily Futures Trading Strategy 8 October 2020

Author:   |    Publish date:


                                                           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 sharply higher on Wednesday as investors regained hope that at least a partial deal on more U.S. fiscal stimulus may happen.

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

Plan A : Long if market stays firm above 28040. Targets are 28240 and 28319.
 
Plan B : Sell if market falls back below 28180. Targets are 28041 and 27868.
 
 
E-Mini S&P 500
 

U.S. stocks rose sharply on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could be passed by lawmakers. 

The Dow closed 530.70 points higher, or 1.9%, at 28,303.46. It was the Dow’s biggest one-day gain since mid-July. The S&P 500 climbed 1.7% to 3,419.45 while the Nasdaq Composite advanced 1.9% to 11,364.60.  Wednesday’s rally was broad based, with all 11 S&P 500 sectors finishing higher. 

In a series of tweets Tuesday night, Trump urged Congress to approve airline payroll support, saying that money and aid for small business could be paid for with unused funds from the previous stimulus. Trump also pushed for another round of $1,200 stimulus checks for Americans. 

Investors are also looking ahead to Thursday’s initial jobless claims number, which will be released at 8:30 a.m. ET. Economists polled by Dow Jones are expecting first-time claims for unemployment insurance to total 825,000 for the week ending Oct. 3. This would mark a slowdown from the 837,000 first time claims for the previous week.

All of the major averages are higher for October, clawing back some of September’s losses, which was the first negative month since March.

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

Plan A : Short if market failed to support above 3412. Targets are 3388, 3364 and 3330.

Plan B : Long if market doesn't retrace much and supported firm above 3412. Targets are 3427, 3443 and 3460.
 

 
E-Mini Nasdaq
 

U.S. stock index futures were modestly higher in Thursday early morning trading after the Dow on Wednesday posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions.

The major averages rose sharply on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hopes that a smaller aid package could be passed by lawmakers.

The Dow Jones Industrial Average gained 530.7 points, or 1.9%, for its best day since July 14. The S&P 500 advanced 1.74%, while the tech-heavy Nasdaq Composite climbed 1.88%.

With Wednesday’s gains, stocks clawed back Tuesday’s losses and then some. Stocks fell late in the day on Tuesday after Trump said that he told his administration to end coronavirus stimulus talks with Democrats until after the election.

Still, a host of risks remain in the market, including rising Covid-19 cases around the world, as well as a slowdown in the rate of the economic recovery. 

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

Plan A : Long if market doesn't retrace much and supported firm above 11513. Targets are 11540, 11571 and 11610. 

Plan B : Short if market failed to support above 11513. Targets are 11470, 11435 and 11391.


 

Hang Seng
 
Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the upcoming IPO of China's Ant Group.
 

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

Plan A :  Remain long if market stays firm above 24160. Targets are 24248 and 24350.

Plan B : Short if market fails to hold above 24160. Targets are 24005 and 23981.
 
 
 
WTI Crude
 
Oil prices fell nearly 2% on Wednesday after U.S. President Donald Trump dashed hopes for another stimulus package to boost the coronavirus-hit economy and after U.S. crude inventories rose in the most recent week.
 

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

Plan A : Attempt buy if oil price trades firmly above 38.7. Targets are 39.3 and 39.9

Plan B : Consider short if oil price surges but fails to breach above 39.9. Targets are 38.8 and 37.6
 
 
 
Gold
 
Gold rose on Wednesday after concerns over further U.S. stimulus to support the virus-hit economy waned, with focus now on minutes from the U.S. Federal Reserve's last meeting for clues on the outlook of monetary policy.
 

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

Plan A : Short if gold price fails to hold above 1885. Targets are 1878 and 1854.
 
Plan B : Consider long only if gold price able to trade firmly above 1885. Targets are 1899 and 1910.
 

 

 

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.

 

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

4328  4069  664  210 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SNAP 43.17+4.20 
 SCKT 2.55+1.09 
 GE 7.63-0.09 
 INTC 48.20-5.70 
 AAL 12.60-0.55 
 MRIN 3.45+1.33 
 AAPL 115.04-0.71 
 OAS 0.155-0.014 
 F 8.16-0.05 
 NIO 27.16-0.22