Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 6 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

 
U.S. stocks jumped on Thursday, as investors bet Republican would retain control of the Senate and block any major policy changes under a possible Joe Biden White House that could dampen corporate profits.
 

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 buy as long as market supported firmly above 27816. Targets are 28164 and 28392.
 
Plan B : Consider sell if market surges but fails to breach above 28392. Targets are 28164 and 27816.
 
 
E-Mini S&P 500
 

U.S. stock futures fell early Friday morning as Wall Street eyed its best week since April even as the results of the presidential election remained unclear.

The three indexes notched their fourth-straight positive session on Thursday and were on track for their best week since April 9. The S&P 500 and the Dow are up 7% so far this week. The tech-heavy Nasdaq Composite has led the way with a nearly 9% gain. The sharp rally follows a slump in the prior week.

Victories by Republicans in several key Senate races, thus lowering the odds of a “blue wave” and potential higher taxes and stronger regulations, have been cited by Wall Street strategists as a reason for the rally in tech stocks. However, the Republicans have not yet won the necessary seats to control the Senate, according to NBC News projections, with two potential run-off elections in Georgia.

On the economic front, Friday will bring a fresh look at the labor market for investors, with the Labor Department’s October jobs reported scheduled to be released before the bell. The report comes on the heels of disappoint readings for ADP private payrolls and initial jobless claims.

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 3475. Targets are 3489, 3504 and 3525.

Plan B : Short if market failed to support above 3475. Targets are 3453, 3435 and 3412.
 

 
E-Mini Nasdaq
 

Stocks jumped on Thursday on hopes the winner of the U.S. presidential and congressional elections would soon be determined, with shares of major tech-related companies leading the gains.

The Dow closed 542.52 points higher, or 1.95%, at 28,390.18. Earlier in the day, the 30-stock average was higher by more than 600 points. The S&P 500 climbed 1.95% to 3,150.45 and the Nasdaq Composite advanced 2.6% to 11,890.93. Thursday also marked the first time since 1982 that the Dow and S&P 500 rose at least 1% in four straight sessions.

Those gains put the major averages on pace for their biggest weekly gains since April. The Dow was up 7.1% week to date. The S&P 500 and Nasdaq were up 7.4% and 9%, respectively, over that time period.

Facebook and Amazon both gained more than 2%. Netflix, Apple and Microsoft each closed more than 3% higher. Shares of Facebook have also gained 12% this week. Amazon and Apple have risen 9.4% and 9.3%, respectively, over that time period while Microsoft has popped 10.3%.

Investors in this high growth sector cheered a potential divided government as it likely means taxes won’t go up, antitrust scrutiny could stay in check and the China trade war doesn’t get any worse.

Elsewhere, the Federal Reserve said Thursday it kept interest rates unchanged near zero, noting the economy remained well below pre-pandemic levels. 

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 11980. Targets are 12011, 12037 and 12071.

Plan B : Short if market failed to support above 11980. Targets are 11945, 11901 and 11863.

 

HSI
 
Hong Kong's Hang Seng Index soared to its highest close in more than three months on Thursday and China A-shares gained as U.S. election results showed a firming lead for Democratic challenger Joe Biden in the 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 buy as long as market supported firmly above 25648. Targets are 25801 and 26024.

Plan B : Consider sell if market surges but fails to breach above 26024. Targets are 25801 and 25648.
 
 
 
WTI Crude
 
Oil prices dropped on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled.
 

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 buy as long as oil price trades firmly above 38.2. Targets are 38.9 and 39.5

Plan B : Consider short if oil price surges but fails to breach above 39.3. Targets are 38.2 and 37.0
 

 
 
Gold
 
Gold bounced to a one-and-a-half month peak on Thursday as growing prospects of a Joe Biden victory in a close U.S. election boosted hopes for larger stimulus and dented the dollar.
 
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 sell only if gold price surges but fails to breach above 1954. Targets are 1945 and 1935.2.
 
Plan B : Remain buy as long as gold price trades firmly above 1935.2. Targets are 1951 and 1966.
 
 

 

 

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