Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 23 Jul 2021, 4:10 AM

 

Daily Futures Trading Strategy 21 July 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

 
Wall Street rebounded on Tuesday, snapping a multi-day losing streak as a string of upbeat earnings and revived economic optimism fueled a risk-on rally.
 

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

 

Plan A : Remain sell as long as market stays below 34571. Targets are 34324 and 34143.
 
Plan B : Consider long only if market supports firmly above 34324 and rebound. Targets are 34489 and 34571.
 
 

E-Mini S&P 500

Major averages rebounded Tuesday as investors stepped in to buy the dip from the Dow Jones Industrial Average’s worst day in eight months.

The comeback rally gained steam steadily through the session as a bounce in Treasury yields soothed some concerns that a Covid resurgence would slow down the economic recovery. As the 10-year yield climbed back above 1.20%, the run in stocks increased.

The S&P 500 climbed 1.52% to 4,323.06. 

With Tuesday’s rebound, the S&P 500 sits 1.6% below its record hit last week. During Monday’s losses, the equity benchmark traded below its 50-day moving average at one point. However, the index managed to close above that key technical level Monday, an optimistic sign for traders that foreshadowed Tuesday’s rebound.

Earnings season continues on Wednesday with key reporting from Coca-Cola, Johnson & Johnson, Verizon, CSX, Las Sands and Texas Instruments. About 85% of S&P 500 companies that have reported so far have beaten estimates, according to FactSet.

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

Plan A : Short if market failed to support above 4330. Targets are 4305, 4278 and 4251.


Plan B : Long if market supported firm above 4330. Targets are 4348, 4361 and 4378.

 

E-Mini Nasdaq

 

U.S. stock futures were flat in early morning trading on Wednesday after the major averages clawed back much of their losses from Monday’s sell-off.

Netflix reported disappointing third quarter subscriber guidance after the bell on Tuesday, but the stock gained 0.6% in extended trading. The streaming giant said it expects 3.5 million net subscribers in the third quarter, nearly 2 million below analysts’ estimates. The company also reported earnings that missed expectations.

The Nasdaq Composite rose 1.6%.

Some strategists see the market heading into a volatile period, in which there could be a deeper pullback. Investors are juggling inflation concerns as well as new Covid cases are rebounding in the U.S. as the delta variant spreads.

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

 

Plan A : Long if market supported firm above 14720. Targets are 14750, 14781 and 14825.
 
Plan B : Short if market failed to support above 14720. Targets are 14680, 14638 and 14591.

 

 
HSI
 
Hong Kong shares closed lower on Tuesday, as property shares fell on worries around developer Evergrande, while fears of a hit to global growth from higher Delta variant coronavirus cases hit sentiment.
 

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

 

Plan A : Attempt sell if market rebounds but fails to breach above 27519. Targets are 27210 and 27018.
 
Plan B : Consider long only if market supports firmly above 27210 and rebounds. Targets are 27365 and 27519.

 
 
WTI Crude
 
Crude oil futures rebounded on Tuesday as market participants viewed to take advantage of oil's two-month low hit in the previous session.
 

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

Plan A : Remain sell as long as oil price stays trading below 67.8. Targets are 66.2 and 65.5.

 
Plan B : Consider buy only if oil price supports above 66.2 and rebounds. Targets are 67.8 and 68.6.

 
 
Gold
 
Gold was subdued in volatile trade on Tuesday as the dollar strengthened, curbing inflows into the safe-haven metal despite some concerns over a surge in COVID-19 cases.
 

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

 
Plan A : Attempt buy if gold price stays firm above 1807.9 and rebounds. Targets are 1813.1 and 1823.4.
 
Plan B : Consider short only if gold price surges but fails to breach above 1823.4. Targets are 1813.1 and 1807.9.
 
 
 
 
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
 
 

4960  4892  885  277 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 EDU 2.93-3.47 
 XBIO 2.52+0.66 
 TAL 6.00-14.52 
 MDGS 1.92+0.42 
 DIDI 8.06-2.14 
 NAOV 2.61+1.86 
 SNAP 77.97+15.00 
 TRCH 4.95+0.20 
 SQQQ 8.12-0.28 
 AMC 36.99-0.25 

TOP ARTICLES

1. Daily Futures Trading Strategy 23 July 2021 Where Futures Lies
2. Rally Stalled On Soft Jobs Report State of The Markets
3. Wall Street Breakfast: Brexit Tensions Resurface Wall Street Breakfast
4. Wall Street Breakfast: Mask Revival? Wall Street Breakfast
5. Daily Futures Trading Strategy 22 July 2021 Where Futures Lies