Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 26 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

 
Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over the timing and scope of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.
 

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 trades below 30864. Targets are 30746 and 30473.
 
Plan B : Consider long only if market supports firmly above 30746 and rebound. Targets are 30860 and 31000.
 
 
 
E-Mini S&P 500
 

The S&P 500 erased earlier losses and rose slightly to a record on Monday as investors prepared for a busy week of earnings featuring reports from the largest tech companies.

The broad equity benchmark closed the volatile day 0.4% higher at a new record close of 3,855.36. The S&P 500 fell 1.2% at its low of the day.  

This coming week, 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.

Apple shares gained 2.8% to an all-time high before its quarterly report Wednesday after the bell. Tesla, which also reports Wednesday, popped 4% to hit a record.

Companies kicked off the earnings season on a strong note. Of the S&P 500 components that have already reported earnings, 73% have beaten on both sales and EPS, according to data from Bank of America. The firm said this is tracking similar to last quarter when the number of companies beating hit a record.

The move higher came as President Joe Biden tries to push through a $1.9 trillion stimulus program that many congressional Republicans oppose. The fiscal aid includes direct checks to millions of Americans, aid to state and local governments, funding for Covid vaccines and testing, a boost to the minimum wage and enhanced unemployment benefits, among other things.

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 doesn't retrace much and supported firm above 3799. Targets are 3815, 3831 and 3846.

Plan B : Short if market failed to support above 3799. Targets are 3774, 3748 and 3720.

 

E-Mini Nasdaq
 

U.S. stock futures fell early Tuesday morning as Wall Street geared up for the heart of corporate earnings season.

The tech-heavy Nasdaq Composite gained 0.7% to reach a fresh closing high of 13,635.99.

Tuesday brings the corporate earnings of larger companies with more impact on the market indexes. General Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce its fiscal second quarter earnings after the bell.

However, the strategist also said that the recent frothy trading may not have reached its peak and could push the broad market indexes even higher.

Investors are also waiting for results from other major tech companies and a new policy statement from the Federal Reserve later in the week. Tuesday’s economic releases include data on consumer confidence and home prices.

Tuesday will also be the first trading session after Janet Yellen was confirmed as Treasury secretary. The former Fed chair becomes the first women to hold the position.

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 13371. Targets are 13401, 13433 and 13470.

Plan B : Short if market failed to support above 13371. Targets are 13333, 13295 and 13244.

 

 
HSI
 
Hong Kong shares climbed more than 2% on Monday as mainland investors continued to buy into the market via the Stock Connect, with tech and material stocks leading the pack.
 

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 if market supported firmly above 29870. Targets are 30100 and 30330.

Plan B : Consider short only if market fails to breach and holds firmly above 30100. Targets are 29870 and 29790.

 
 
WTI Crude
 
Oil prices edged higher on Monday as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdown limited gains.
 

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

Plan A : Remain 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 fails to hold firm above 52.8. Targets are 52.2 and 51.5.

 
 
Gold
 
Gold prices pared gains on Monday as the dollar edged higher, but expectations of fresh U.S. fiscal stimulus and underpinned the bullion ahead of this week's Federal Reserve's meeting.
 

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.

 

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