Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 18 February 2021

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

 

 
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E-Mini Dow

 
Dow rose on Wednesday, aided in part by gains in shares of Verizon Communications Inc and Chevron Corp. Those stocks gained after Warren Buffett's Berkshire Hathaway Inc disclosed major investments in the companies on Tuesday. 
 

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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
 

The S&P 500 dipped less than 0.1% to 3,931.33, however, amid a 1% decline in the technology sector. 

The S&P 500 pared losses after the minutes of the last Federal Reserve meeting signaled that easy monetary policy will be in place for longer as the economy is nowhere close to pre-pandemic levels.

Investors also weighed improving economic data with rising inflation expectations. Retail sales surged 5.3% in January, blowing past a Dow Jones estimate of a 1.2% rise. The jump in consumer spending could further fuel inflation expectations, which have already pushed bond yields significantly higher recently.

Signs of a pickup in pricing pressures already emerged as the economy rebounds from the pandemic-induced recession amid historic fiscal and monetary stimulus. The Labour Department said Wednesday the producer price index, a measure of the prices businesses receive for their goods and services, rose 1.3% in January, the biggest jump since the index began in December 2009.

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Plan A :  Long if market doesn't retrace much and supported firm above 3905. Targets are 3920, 3938 and 3852.

Plan B : Short if market failed to support above 3905. Targets are 3882, 3857 and 3833.

 

E-Mini Nasdaq
 

Stock futures moved lower early Thursday morning ahead of the release of a key indicator for the job market.

The Nasdaq Composite fell 0.6% to 13,965.49 as Apple dropped 1.8%.

Investors will get several new pieces of economic data on Thursday to gauge the pace of the U.S. recovery, including initial jobless claims. Economists surveyed by Dow Jones are expecting 773,000 new claims, a slight decrease from the prior week. Housing and manufacturing data is also due out on Thursday morning.

Those economic readings come on the heels of big jumps for retail sales and producer prices in data released Wednesday.

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 13644. Targets are 13674, 13700 and 13741.

Plan B : Short if market failed to support above 13644. Targets are 13600, 13561 and 13522.

 
 
HSI
 
Hong Kong stocks ended higher on Wednesday, marking the seventh straight session of gains and extending a bull run ahead of the reopening of mainland markets after the Lunar New Year break, with sentiment lifted by optimism over global economic recovery.
 

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 30777. Targets are 31068 and 31525.

 
Plan B : Consider selling if market fails to breach above 31068 and retrace. Targets are 30820 and 30776.
 
 
 
WTI Crude
 
Oil rose on Wednesday, buoyed by frigid Texas temperature that curtailed production in the largest U.S. producing state, offset somewhat by reports that Saudi Arabia plans to increase output in the coming months.

 

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 61.3. Targets are 61.9 and 62.4.

 
Plan B : Consider selling only if oil price surges but fails to breach above 62.4. Targets are 61.5 and 60.9.
 
 
 
Gold
 
Gold extended its slide to a fifth session on Wednesday, dipping to its lowest in more than two months as bets for an economic recovery boosted the dollar and benchmark U.S. Treasury yields.

 
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 long only if gold price able to climb back and stays strong above 1776. Targets are 1795.1 and 1814.1.
 
Plan B : Consider short if market rebounds but fails to breach above 1795.1. Targets are 1776 and 1752.4.
 
 
 

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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