Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 9 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 closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. After Joe Biden was announced winner on Sunday, will be interesting to see how markets react today.
 

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
 

By now, “2020” has become four-digit shorthand for the unprecedented, unsettling and unbelievable. Yet in the markets, from point to point, this year has been surprisingly normal for a buy-and-close-your-eyes investor.

After last week’s tension-release rally, the S&P 500 has posted an annualized gain of about 10% for 2020, or 12% or so including dividends, right in line with the historical yearly average.

Now, sure, the path has been wild. Since the year began, the S&P 500 went up 5%, down 35% and then up 60%. Yet market performance is always streaky and exaggerated rather than steady and comfortable.

The buying was surely intense enough, with the look of under-invested fund managers and individual investors grasping for exposure to a market before it ran away from them. The S&P 500 logged four straight daily gains of at least 1% for the first time in 38 years. On three separate days more than 80% of NYSE volume was in advancing stocks, a sign of powerful demand for shares.

If there’s a concern in the immediate term, it could be that the market has burned a lot of fuel simply to rush toward the upper end of its three-month range. And it’s running a bit hot too. The S&P jumped from just over 3200 to above 3500 in a week. It previously traveled almost the same distance between similar levels over the course of three weeks into the Oct. 12 peak. Some cooling off or choppy churn would be neither surprising nor particularly damaging at this point.
 

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 3521. Targets are 3534, 3551 and 3568.

Plan B : Short if market failed to support above 3521. Targets are 3496, 3472 and 3440.

 
 
 
E-Mini Nasdaq
 

Stocks were set to continue their big post-election rally as futures rose in early morning trading Monday. The gains came as Democrat Joe Biden defeated incumbent Donald Trump in the U.S. presidential race to become president elect, according to NBC projections.

Wall Street hoped the call would reduce the odds of a drawn-out election fight, even as Trump refused to concede. Many traders had put on bets for market volatility in November and were unwinding those positions, helping fuel a rally.

In the meantime, the chances of a “blue wave” that sweeps Democrats into the majority of both the Senate and the House have waned, meaning drastic policy changes such as tax hikes are less likely.

Wall Street had rallied in the past week in anticipation for such a gridlocked government and was set to build on that rally as it gained clarity in the presidential race. All three major averages just notched their best weekly performance since April. The S&P 500 and Nasdaq jumped 7.3% and 9%, respectively, last week, while the Dow rose 6.9%. The S&P 500 also posted its biggest election week gain since 1932.

 

The U.S. reported more than 126,000 new cases of the coronavirus two days in a row and has reported a new record daily spike in cases every day over the past four days, according to data compiled by Johns Hopkins University.
 

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 12186. Targets are 12215, 12241 and 12280.

Plan B : Short only if market failed to support above 12186. Targets are 12148, 12107 and 12065.
 

 
HSI
 
The shock suspension of Ant Group's massive share offering and a possible Joe Biden U.S. presidency have become fresh tailwinds for China's stock market, as investors rush to snap up a piece of an economy recovering rapidly from the coronavirus pandemic.
 

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 fell below $40 a barrel on Friday as drawn-out vote counting in the U.S. presidential election kept markets on edge and new lockdowns in Europe to halt surging COVID-19 infections sparked concern over the demand.
 

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 sell if oil price falls below 38.2. Targets are 37.4 and 37.0

Plan B : Consider buy only if oil price holds resiliently above 37.3. Targets are 38.2 and 38.9
 

 
Gold
 
Gold rose on Friday, set to post its best week since July, as the dollar weakened and increasing chances of a Joe Biden victory in the U.S. presidential election boosted hopes for a larger coronavirus relief bill.

 
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 1962. Targets are 1952 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