Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 3 Dec 2020, 2:50 AM

 

Daily Futures Trading Strategy 17 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 S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.
 

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 29611. Targets are 29899 and 30000.
 
Plan B : Consider sell if market consistently trades below 29899. Targets are 29789 and 29611.
 
 
E-Mini S&P 500
 

U.S. stocks rose on Monday after preliminary coronavirus vaccine data from Moderna further lifted expectations of a strong economic recovery.

The Dow gained 470.63 points, or 1.6%, to close at 29,950.44. The 30-stock Dow logged intraday and closing record highs. The S&P 500 climbed 1.2% to 3,626.91, posting an all-time closing high. The Nasdaq Composite advanced 0.8% to 11,924.13.

Tesla shares jumped more than 13% in after-hours trading after S&P Dow Jones Indices said the electric car maker would join the S&P 500 index, effective Dec.21.

Stocks that would benefit from the economy reopening led the way higher. United Airlines was up 5.2%, and Carnival closed 9.7% higher. Bank stocks such as Citigroup and Wells Fargo gained more than 3% each and JPMorgan Chase advanced 2.8%. Moderna shares jumped 9.5% on the day.

Shares of companies that have thrived during the pandemic as people spend more time at home lagged the boarder market. Netflix slid 0.8%. Amazon shares closed flat.

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

Plan A : Short if market failed to support above 3593. Targets are 3569, 3541 and 3515.

Plan B : Long if market doesn't retrace much and supported firm above 3593. Targets are 3607, 3623 and 3646.
 

 

E-Mini Nasdaq
 

U.S. stock futures were in negative territory on Monday night after two of the three major market benchmarks closed at record levels.

Earlier in the day, the Dow and S&P 500 posted all-time closing highs. The Dow also notched an intraday record. Those gains came after Moderna released trial data showing its coronavirus vaccine was more than 94% effective, further raising expectations of a sharp economic recovery.

That marked the second positive announcement related to a coronavirus vaccine in a week. Pfizer and BioNTech said Nov. 9 that their Covid-19 vaccine candidate was more than 90% effective among participants in a late-stage trial.

The recent outperformance in value stocks comes even as the number of coronavirus cases continues to increase, dampening the country’s near-term economic outlook.

More than 1 million cases were confirmed in less than a week in the U.S., bring the country’s total to more than 11 million, according to data from Johns Hopkins University. Data from The Covid Tracking Project also showed U.S. coronavirus-related hospitalizations have risen to nearly 70,000.

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

Plan A : Short if market failed to support above 11979. Targets are 11941, 11897 and 11852.

Plan B : Long if market doesn't retrace much and supported firm above 11979. Targets are 12005, 12038 and 12076.

 

 
HSI
 
Hong Kong stocks closed higher on Monday as upbeat Chinese data pointed to a continued recovery in the world's second-largest economy, with sentiment aided by the establishment of a China-backed trade bloc.

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 stays firm above 26332. Targets are 26509 and 26727.

Plan B : Consider sell only if market surges but fails to breach and stay firm above 26509. Targets are 26363 and 26238.

 
 
 
WTI Crude
 
Oil prices jumped 3% on Monday, recouping the previous session's losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19.
 

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 40.9. Targets are 41.5 and 42.2

 
Plan B : Consider sell if oil price consistently trading below 41.5. Targets are 40.9 and 40.2
 

 
 
Gold
 
Gold recovered from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective vaccine test results.
 
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 if gold price surges but fails to breach above 1896. Targets are 1885 and 1872.

 
Plan B : Consider buy only if gold price trades firmly above 1885. Targets are 1896 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
 
 

3409  2751  237  3180 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SNDL 0.773-0.035 
 LIZI 4.79+2.43 
 NIO 45.35-2.63 
 AAL 16.09+1.23 
 LK 1.38+1.38 
 EVK 5.25+3.15 
 ITRM 0.841+0.191 
 CCL 22.88+1.72 
 PLTR 24.03+1.52 
 GE 10.60+0.17