Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 25 Feb 2021, 3:25 AM

 

Daily Futures Trading Strategy 16 February 2021

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

 

 
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E-Mini Dow

 
U.S. markets were closed for President's Day celebration on Monday and will resume trading today. Markets set record closing highs on Friday as investors bought energy, financial and material shares and sold big etch stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover.
 

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Plan A : Remain buy as long as market trades firmly above 31422. Targets are 31622 and 31863.
 
Plan B : Consider short only if market surges but fail to breach above 31622. Targets are 31422 and 31339.
 
 
 
E-Mini S&P 500
 

U.S. stocks finished marginally higher on Friday to set another round of record closes.

The S&P 500 rose 0.5% and finished the week with a gain of 1.2%. The major averages finished with modest gains for the week, as the strong rally to begin February has taken a slight breather. The S&P 500 fluctuated within 0.2% for three days in a row.

The market ground higher to notch records this month as investors remained hopeful for a smooth economic reopening as well as additional Covid stimulus.

Cyclical sectors, those most sensitive to an economic rebound, led the rally in February. Energy is up more than 13% month to date, with financials and materials also among the leading sectors.


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Plan A : Short if market failed to support above 3948. Targets are 3923, 3900 and 3871. 

Plan B : Long if market supported firm above 3948. Targets are 3961, 3977 and 3995.

 

 
E-Mini Nasdaq

Futures contracts tied to the major U.S. stock indexes rose in extended trading Monday evening after finishing strong last week.

The U.S. stock market was closed on Monday for Presidents Day.

The tech-heavy Nasdaq Composite rose 1.7%. 

Easing fears across Wall Street are likely in large part thanks to the rollout of the Covid-19 vaccine, economic reopening and expectations for more fiscal stimulus.

Those so-called cyclical sectors, those most sensitive to an economic rebound, have led the rally in February. Energy is up more than 13% month to date, with financials and materials also among the leading sectors.

In corporate news, CVS Health, Occidental Petroleum, Palantir and others will report earnings on Tuesday.


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

Plan A : Short if market failed to support above 13854. Targets are 13810, 13774 and 13733.

Plan B : Long if market supported firm above 13854. Targets are 13884, 13915 and 13946.

 
 
HSI
 
Hong Kong stocks ended a half-day trading session on Thursday at their highest level since June 2018, as investors squared their positions ahead of the Lunar New Year holidays. Market will resume trading after a long break for CNY celebration.
 
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 market trades firmly above 29984. Targets are 30140 and 30330.

 
Plan B : Consider selling if market falls below 29984. Targets are 29870 and 29740.
 
 
 
WTI Crude
 
Freezing weather in regions across the U.S. sparked another rally in energy prices and put WTI crude on pace to settle above $60 a barrel for the first time since the early days of the coronavirus pandemic.
 
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 59.4. Targets are 60.4 and 61.3.

Plan B : Consider short if oil price surges but fails to breach above 60.4. Targets are 59.4 and 58.4.

 
 
Gold
 
Gold eased on Monday after U.S. Treasury yields jumped to their highest in nearly 11 months in the previous session, with platinum scaling a six-year peak on expectations of a supply shortfall.
 
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 long as long as gold price stays firm above 1814.1. Targets are 1822.3 and 1837.7.

Plan B : Consider short if gold price fails to support above 1814.1. Targets are 1802 and 1795.1

 
 
 

 

 

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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