Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 24 Jun 2021, 3:43 AM

 

Daily Futures Trading Strategy 17 May 2021

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

 

 
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E-Mini Dow

 
Wall Street advanced in a broad rally at the conclusion of a whipsaw week of buying and selling as signs of economic revival clashed with mountain inflation jitters.
 

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

Plan A : Remain buy as long as market supported firmly above 33939 and rebound. Targets are 34400 and 34554.
 
Plan B : Consider selling if market fails to hold above 34188. Targets are 33940 and 33830.
 
 
 
E-Mini S&P 500
 

U.S. stocks jumped on Friday led by technology shares and reopening trades, as Wall Street rebounded for a second day from steep losses earlier this week.

The S&P 500 gained 1.5% to 4,173.85. 

Stocks most exposed to the ongoing recovery jumped again Friday after the Centers for Disease Control and Prevention eased guidelines, saying that in most settings fully vaccinated people don’t need to wear masks indoors or outdoors.

The market’s volatility this week comes as economic data points to inflation. The Consumer Price Index jumped 4.2% from a year earlier in April, which was the fastest rate since 2008. This has sparked fears that the Federal Reserve could be forced to dial back its accommodative monetary policy.

Stocks advanced on Friday even after data showed consumer purchases slowed down last month. Advance retail sales were flat for April, the Commerce Department reported Friday. That compared to the Dow Jones estimate of a 0.8% gain and a 9.8% surge in March.

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

Plan A :  Long if market supported firm above 4168. Targets are 4183, 4200 and 4219.
 
Plan B : Short if market failed to support above 4168. Targets are 4142, 4115 and 4088.

 

E-Mini Nasdaq
 

Stock futures were slightly lower in early morning trading on Monday following last week’s sell-off triggered by inflation jitters.

The tech-heavy Nasdaq Composite, the relative underperformer for the week, snapped back by 2.3% to 13,429.98.

Tech stocks were the biggest outperformers Friday. Tesla gained more than 3%. Facebook jumped 3.5%, while Alphabet and Microsoft rose more than 2%. Apple, Amazon and Netflix also all climbed over 1%.

The Fed’s minutes from its last meeting, which will be released Wednesday, could offer some clues on policymakers’ thinking on inflation.

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

Plan A : Long if market supported firm above 13298. Targets are 13329, 13361 and 13399.
 
Plan B : Short if market failed to support above 13298. Targets are 13257, 13211 and 13172.
 
 
 
HSI
 
Hong Kong stocks, which rose on Friday tracking gains in other Asian markets, posted weekly drops on tech sell-off amid worries over China's anti-monopoly probes.
 

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

Plan A : Remain sell as long as market stays trading below 28029. Targets are 27630 and 27484.
 
Plan B : Consider long only if market trades firmly above 27750. Targets are 28029 and 28120.
 
 
 
WTI Crude
 
Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India.
 

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

 

Plan A : Remain buy as long as oil price trades firmly above 63.9. Targets are 65.5 and 66.5.

Plan B : Consider selling only if oil price stays trading below 65.5. Targets are 64.5 and 63.9.


 
Gold
 
Gold extended its gains on Friday, buoyed by a dip in the dollar and U.S. Treasury yields after data showed U.S. retail sales unexpectedly stalled in April.

 
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
 
 
Plan A : Remain buy as long as gold price trades firmly above 1819.2. Targets are 1848 and 1869.
 
Plan B : Consider short only if gold price surges but fails to breach above 1848. Targets are 1830 and 1819.2.
 
 
 
 
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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