Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Wed, 25 Nov 2020, 2:53 AM

 

Daily Futures Trading Strategy 3 November 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

 
The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the U.S. presidential election, as investors girded for what could be big market swings this week.
 

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

Plan A : Consider buy only if market supported firmly above 26727. Targets are 26922 and 27132.
 
Plan B : Attempt sell if market breaks below 26727. Targets are 26500 and 26073.
 
 
E-Mini S&P 500
 

Stocks rose on Monday, the first trading day of the month, as markets recovered some of the sharp losses from last week and braced for the U.S. presidential election.

The Dow closed 423.45 points higher, or 0.6%, at 26,925.05. The S&P 500 gained 1.2% to end the day at 3,310.24. The Nasdaq Composite rose 0.4% to 10,957.61.

Honeywell and Walgreens Boots Alliance were the best-performing Dow stocks on Monday, gaining more than 5% each. The S&P 500 was led higher by gains in the energy, materials and industrial sectors. Energy and materials each gained at least 3.4% and industrials popped 2.7%. Big Tech, meanwhile, struggled as Facebook and Amazon dipped 0.7% and 1%, respectively.

The major averages hit their session highs on Monday after Institute for Supply Management said its manufacturing index reached a two-year high in October. The market’s comeback came even as England adopted a stay-at-home order to fight the coronavirus.

Earnings season continues on Tuesday with Bayer, Fox Corp and Humana reporting before the bell.

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

Plan A : Long if market doesn't retrace much and supported firm above 3304. Targets are 3320, 3335 and 3349. 

Plan B : Short if market failed to support above 3304. Targets are 3279, 3250 and 3221.
 

 
E-Mini Nasdaq
 

U.S. stock futures rose in overnight trading as investors waited for Tuesday’s presidential election between incumbent Donald Trump and former Vice President Joe Biden.

On Monday, the Nasdaq Composite was the relative underperformer, adding just 0.4% as Facebook, Amazon, Apple and Microsoft all closed lower.

“Today’s strong stock market gain was fueled by technical support — a stock market which bounced decisively from its recent lows, a nod to ongoing economic momentum, despite a recent spike in Covid cases,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “As the election finally nears, investors who were selling on the rumor may now be buying on the news, and finally, after almost a 10% decline in the last month, buying on the dip is back.”

Stocks also got a boost after manufacturing activity in October jumped to its highest level in more than two years, pointing to a resilient economy in the face of the coronavirus. The ISM Manufacturing PMI rose to 59.3, a reading that indicates the percentage of companies reporting that activity expanded during the month. 

Heading into Tuesday, Joe Biden holds a lead in national polling over President Donald Trump. A full day before Election Day, more than 94 million votes have already been cast in the U.S, already exceeding or nearing total levels in 2016, according to the U.S. Elections Project.

Investors are also eyeing the key Senate election which will determine if the a so-called Blue Wave will take over Congress. Major policy shifts including further fiscal stimulus depend on which parts has majority control.

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

Plan A : Long if market supported firm above 11121. Targets are 11150, 11182 and 11210.

Plan B : Short if market failed to support above 11121. Targets are 11083, 11045 and 11000.
 

 
HSI
 
Hong Kong stocks kicked off November with solid gains, helped by strength in materials and consumer firms, though traders braced for turbulence during the U.S. Presidential election week.

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

Plan A : Attempt buy if market supported firmly above 24240. Targets are 24410 and 24559.

Plan B : Consider sell if market surges but fails to breach above 24559. Targets are 24400 and 24310.

 
 
 
WTI Crude
 
Oil prices gained more than 2% on Monday, shaking off earlier losses, as the United States heads into a contentious U.S. presidential election.
 

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

Plan A : Remain sell as long as oil price trades below 37.4. Targets are 35.9 and 35.2


Plan B : Consider long only if oil price trades firmly above 37.0. Targets are 37.7 and 38.2

 
 
Gold
 
Gold prices gained on Monday on uncertainty surrounding the outcome of Tuesday's U.S. presidential election, while a spike in global coronavirus cases exacerbated fears about an economic recovery, further boosting the safe-haven metal's appeal.
 

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

Plan A : Remain short as long gold price trades below 1910. Targets are 1885 and 1878.
 
Plan B : Consider buy only if gold price holds resiliently 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
 
 

4539  3952  690  209 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SNDL 0.372+0.092 
 NAKD 0.21+0.025 
 PLTR 27.66-1.39 
 NIO 54.00+0.31 
 FCEL 9.69+0.85 
 WORX 2.22+0.97 
 AAL 14.98+0.04 
 NAK 0.377-0.023 
 GE 10.40-0.10 
 ACB 10.47+1.76