FUTURESCOIN IS GOING GLOBAL
E-Mini Dow
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The Dow rallied on Tuesday, breaking above 30,000 for the first time amid positive vaccine news, hope for a strong economic recovery in 2021 and easing of political uncertainty as the Trump administration approved the start of the presidential transition.
Meanwhile, the S&P 500 climbed 1.6% to 3,635.41, notching a record close, and the Nasdaq Composite advanced 1.3% to 12,036.79.
Tuesday’s gains put the the S&P 500 and Nasdaq up 11.2% and 10.3%, respectively, in November. It would be the Nasdaq’s and S&P 500′s best monthly performances since April.
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Plan A : Long if market retraced slightly and supported firm above 3605. Targets are 3621, 3638 and 3655.
Plan B : Short if market failed to support above 3605. Targets are 3581, 3556 and 3538.
U.S. stock futures were little changed early Wednesday morning following a banner day for three of the for major market benchmarks.
The market’s rally to record highs comes amid positive vaccine news coupled with increasing political clarity, boosted market sentiment.
The total number of confirmed coronavirus cases in the U.S. now tops 12.4 million, according to data from Johns Hopkins University.
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Plan A : Long if market retraced slightly and supported firm above 11955. Targets are 11986, 12010 and 12041.
Plan B : Short if market failed to support above 11955. Targets are 11917, 11875 and 11832.
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Plan A : Remain buy as long as market stays firm above 26509 . Targets are 26727 and 26946.
Plan B : Consider sell only if market surges but fails to breach and stay firm above 26727. Targets are 26617 and 26509.
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Plan A : Remain buy as long as oil price trades firmly above 44.2. Targets are 44.9 and 45.4
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