Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 4 Mar 2021, 3:17 AM

 

Daily Futures Trading Strategy 21 January 2021

Author:   |    Publish date:


                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 at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries.
 

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

Plan A : Attempt long if market trades firmly above 30831. Targets are 31115 and 31406.
 
Plan B : Consider short only if market surges but fails to breach above 31150. Targets are 31070 and 30831.
 
 
 
E-Mini S&P 500
 

The stock market rallied to a record close as President Joe Biden was sworn into office, sparking hopes for another stimulus package and smoother vaccine rollout ahead. A slew of strong quarterly results also boosted sentiment, including from Netflix which soared 16.9%.

The S&P 500 advanced 1.4% to a record close of 3,851.85, led by the communication services sector. 

Biden was inaugurated to succeed President Donald Trump as the 46th president of the United States. Investors remained hopeful that the 78-year-old Democrat’s $1.9 trillion Covid-19 relief plan will support the economic recovery and bolster earnings growth. Janet Yellen, Biden’s designated nominee for Treasury Secretary, on Tuesday endorsed higher aid spending and urged lawmakers to “act big.”

Biden also plans to sign more than a dozen executive orders to reverse many of those issued by Trump, including the so-called Muslim travel ban and the construction of a wall along the U.S.-Mexican border.

Corporations continued to turn in solid quarterly results as earnings and revenue rebounded from the pandemic lows.

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

Plan A : Long if market supported firm above 3835. Targets are 3850, 3866 and 3881.

Plan B : Short if market failed to support above 3835. Targets are 3810, 3780 and 3755.

 
 
E-Mini Nasdaq
 

U.S. stock futures edged higher in early morning trading on Thursday after the major averages hit record highs on inauguration day.

The tech-heavy Nasdaq Composite jumped nearly 2% to 13,457.25, notching a fresh record. The technology heavy index was helped by a 16% jump in Netflix’s stock on the back of the streaming giants strong earnings and subscriber results.

U.S. equities rose to record highs on Wednesday as the latest batch of strong corporate earnings rolled in, as Biden was sworn in as commander in chief.

Earnings season continues on Thursday with Baker Hughes, Union Pacific and Citrix reporting before the bell. Intel, IBM and CSX report after the closing bell on Thursday.

The Labor Department will release last week’s jobless claims data at 8:30 a.m. on Thursday. Economists polled by Dow Jones expect 925,000 Americans filed for unemployment last week, down from the previous week’s 965,000.

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

Plan A : Long if market supported firm above 13315. Targets are 13342, 13378 and 13409.

Plan B : Short if market failed to support above 13315. Targets are 13278, 13236 and 13189.

 
 
HSI
 
Hong Kong shares ended at their highest level in more than 20 months on Wednesday, extending gains for the fifth straight session boosted by gains in tech stocks.
 

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

 

Plan A : Remain buy as long as market trades firmly above 29750. Targets are 29970 and 30130.

 
Plan B : Consider short only if market surges but fails to breach above 29970. Targets are 29870 and 29750.

 
 
WTI Crude
 
Oil rose on Wednesday on expectations that U.S. President Joe Biden's administration will deliver massive stimulus spending that will lift fuel demand and enact policies that will tighten crude supply.
 

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


Plan A : Attempt buy as long as oil price trades firmly above 52.8. Targets are 53.6 and 54.2.

Plan B : Consider short if oil price surges but fails to breach above 53.6. Targets are 52.8 and 51.5.

 
 
Gold
 
Gold rose more than 1% on Wednesday ahead of U.S. President-elect Joe Biden's inauguration, extending gains after this nominee to head the Treasury Department, Janet Yellen, bolstered bets for another pandemic-related stimulus package.
 

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

 
Plan A : Long if gold price trades firmly above 1860.6. Targets are 1872.4 and 1884.6.

 
Plan B : Consider short if gold price once again falls below 1860.6. Targets are 1836.6 and 1806.8.
 
 
 

 

 

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
 
 

3280  6191  421  91 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SOS 8.17+1.00 
 OCGN 10.46-1.57 
 SNDL 1.30-0.07 
 RKT 28.01-9.10 
 SQQQ 15.02+1.04 
 UVXY 9.16+0.65 
 OVID 4.04-0.65 
 SPY 381.42-4.37 
 GE 13.44+0.35 
 AAPL 122.06-2.75 

TOP ARTICLES

1. CryptoNews of the Week CryptoNews
2. Wall Street Breakfast: Vaccine Overdrive Wall Street Breakfast
3. Markets Cautious Amid Safe Haven Flows State of The Markets
4. Daily Futures Trading Strategy 4 March 2021 Where Futures Lies
5. Equities Surged As Yields Eased State of The Markets