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Author: Futurescoin   |   Latest post: Fri, 14 Jan 2022, 3:00 AM

 

Daily Futures Trading Strategy 8 December 2021

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

 
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E-Mini Dow

 
Wall Street's main indexes finished Tuesday's session with strong gains as investors shook off some anxiety about the latest coronavirus variant and investors boosted Nasdaq by pilling into technology stocks.
 

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Plan A : Remain buy as long as market trades firmly above 35461. Targets are 35822 and 36270.
 
Plan B : Consider short if market surges but fails to breach above 35822. Targets are 35718 and 35607.



E-Mini S&P 500
 

The S&P 500 Index shrugged off news about the spread of the omicron strain of the coronavirus to advance slightly on Monday, as hospitalizations remained in check. 

The benchmark gauge was up 0.5% as of 10:04 a.m. in New York. Nine of the 11 major industry groups rose, with consumer staples, utilities and real estate sectors leading gains. 

The uncertainty arising out of the virus’s latest outbreak is expected to continue roiling the markets over the next few weeks, especially after mixed economic data last week rattled investors, prompting an exit from high-risk assets into safer havens. 

While the major of S&P 500 companies have reported third-quarter earnings, Campbell Soup, GameStop and Rent the Runway report on Wednesday.

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Plan A : Long only if market retraced but supported firm above 4660. Targets are 4671, 4682 and 4701.
 
Plan B : Short only if market failed to support above 4660. Targets are 4644, 4629 and 4612.
 
 
 
E-Mini Nasdaq
 

U.S. stock futures rose in early trading on Wednesday, after stocks continued their upward climb overnight from the omicron sell-off.

The Nasdaq Composite posted their best days since March. The tech-focused Nasdaq Composite was the stand-out performer after gaining more than 3%.

All 11 sectors were positive on Tuesday, led by Tech, which rose 3.5%.

Stocks have recovered this week from last week’s market rout on fears of the omicron Covid variant and a possible faster-than-expected taper of the Federal Reserve’s bond buying program.

On Wednesday, the Bureau of Labor Statistics will release October’s Job Openings and Labor Turnover Survey. Economists polled by Dow Jones are expecting there were 10.6 million open positions in October, up from 10.4 million in September.

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

Plan A : Long if market supported firm above 16359. Targets are 16392, 16420 and 16455.
 
Plan B : Short if market failed to support above 16359. Targets are 16318, 16278 and 16230.
 
 
HSI
 
Hong Kong's stocks jumped 2.72% on Tuesday as casino and property shares rose. Tech stocks also recovered from the previous session.
 

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Plan A : Remain buy as long as market trades firmly above 23630. Targets are 24150 and 24350.

 
Plan B : Consider selling if market fails to stay firm above  23920. Targets are 23762 and 23538.
 
 
 
WTI Crude
 
Oil prices climbed by more than 3% on Tuesday, extending the previous day's rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant.
 

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

 

Plan A : Remain buy as long as oil price trades firmly above 70.3. Targets are 72.1 and 73.6.

 

Plan B : Consider short if oil price surges but fails to breach above 72.1. Targets are 70.8 and 70.3.
 

 
 
Gold
 
Gold prices were flat on Tuesday, as a firmer dollar and U.S. Treasury yields weighed on its appeal and confined the metal to a tight $4 range.
 

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Plan A : Remain sell as long as gold price stays below 1791.4. Targets are 1780 and 1768.7.

 
Plan B : Consider long if gold price trades resiliently above 1780 and rebound. Targets are 1791.4 and 1800.5.
 




 

 

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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