Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 25 January 2021

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              WTI Crude, Gold, HSI, Dow,             S&P 500 and Nasdaq

 

 
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E-Mini Dow

 
The Dow ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly results, as hopes for a full economic reopening in the coming month waned.
 

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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 S&P 500 fell slightly on Friday, retreating from record levels, while the strength in major technology names pushed the Nasdaq Composite to another all-time high.

The broad equity benchmark dipped 0.3% to 3,841.47 after closing at a record in the previous session.  

Hopes for a robust earnings season from the largest communications and tech companies sparked a rally in mega-cap stocks during the holiday-shortened week, pushing the broader market higher. The Nasdaq climbed 4.2% this week, while the S&P 500 and the Dow gained 1.9% and 0.6%, respectively.

Investors reassessed the outlook for President Joe Biden’s ambitious Covid stimulus plan. A growing number of Republicans have expressed doubts over the need for another stimulus bill, especially one with a price tag of $1.9 trillion proposed by Biden. Meanwhile, Democratic Sen. Joe Manchin has criticised the size of the latest round of proposed stimulus checks. Dissent from either party carries weight for Biden, who took office with a slim majority in Congress.

Cyclical sectors, or those that would benefit most from additional stimulus, have put pressure on the broader market this week. Energy, financial, and materials were the biggest laggards, losing at least 1% each this week.

Meanwhile, with the S&P 500 up another 2.3% this year, some investors believe the market may be getting ahead of itself as hiccups with the vaccine rollout and economic reopening remain likely going forward.

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

Plan A : Long if market supported firm above 3828. Targets are 3843, 3859 and 3877.

Plan B : Short if market failed to support above 3828. Targets are 3805, 3799 and 3770.
 

 
E-Mini Nasdaq
 

U.S. stock index futures rose in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies.

The Nasdaq rose 0.1% to another record close of 13,543.06, supported by Big Tech.

Apple rose another 1.6% Friday, bringing its weekly gain to 9.4%. Facebook and Microsoft also rallied 9.2% and 6.3%, respectively, this week. These big tech companies are scheduled to report earnings next week.

The Nasdaq advanced 4.19% last week for its best week since November and fifth positive week in six as shares of Big Tech names pushed the index to a new all-time high.

This coming week 13 Dow components and 111 S&P 500 companies are set to report earnings. Among the quarterly reports on deck include those from Apple, Microsoft, Netflix, Tesla, McDonald’s, Honeywell, Caterpillar and Boeing.

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

Plan A : Long if market supported firm above 13419. Targets are 13449, 13480 and 13512.

Plan B : Short if market failed to support above 13419. Targets are 13379, 13335 and 13296.
 

 
HSI
 
Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov.30, as investors locked in gains following recent strength and China's composite stock index slipped amid a breather in the global rally.
 

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

 

Plan A : Attempt sell if market stays below 29540. Targets are 29323 and 29135.

Plan B : Consider long only if market trades resiliently above 29323 and rebound. Targets are 29492 and 29670.

 
 
WTI Crude
 
Oil prices fell on Friday, weighed down by a build in U.S. crude inventories and worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer.
 

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

Plan A : Attempt buy only if oil price trades firmly above 51.5. Targets are 52.2 and 52.8.

Plan B : Consider short if oil price surges but fails to breach above 52.8. Targets are 52.2 and 51.5.

 
 
Gold
 
Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. kept bullion on track for its first weekly gain in three.
 

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

 

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