Where Futures Lies
Daily Futures Trading Strategy 12 July 2019
FUTURESCOIN IS GOING GLOBAL TODAY
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks were set to open higher on Thursday, with healthcare shares in focus, a day after Wall Street’s main indexes touched new highs as comments from Federal Reserve chairman Jerome Powell cemented the case for an interest rate cut this month.
Stock futures pared some gains after a Labor Department report showed U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June.
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Plan A : Attempt to long as long as market stays above 27053
Plan B : Cut below 27030. Targets at 27080 & 27120
Plan C : Consider to short if market surge but does not breach above 27170
Plan D : Cut above 27190. Targets at 27125 & 27100
E-Mini S&P
Overnight on Wall Street, the S&P 500 posted a record close, rising 0.2% to 2999.91. U.S. stock index futures were slightly higher Friday morning, amid optimism rooted in expectations of a Federal Reserve rate cut later this month. Futures on the S&P was seen slightly higher.
The stellar performance from technology stocks over the last five years led the S&P 500's run from 2000 to 3000, but the sector's phenomenal growth may well continue, according to the CEO of an analytics firm.
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Plan A : Buy if market supported firm above 2996.00. Targets are 3011.25 and 3028.50.
Entry : Above 3001, do not enter.
Plan B : Sell if market failed to support above 2996.00. Targets are 2981.25 and 2970.25.
Entry : Below 2991, do not enter.
E-Mini Nasdaq
The Nasdaq Composite, slipped 0.1% to finish its trading day stateside at 8,196.04. The total shares traded for the Nasdaq was over 1.95 billion. Declining stocks led advancers by 1.25 to 1 ratio. Regeneron Pharmaceuticals, Inc. (REGN) had the largest percent change down, -3.19% while NVIDIA Corporation (NVDA) had the largest percent change gain rising 3.89%
Stocks in Asia edged up on Friday afternoon trade, as data showed Singapore's economy shrinking much more than expected in the second quarter.
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Entry : Above 7904.75, do not enter.
Plan B : Sell if market failed to support above 7938.00. Targets are 7889.75, 7853.00 and 7816.25.
Entry : Below 7923.25, do not enter.
HSI/HSI Warrants
The Hong Kong stock market ended higher on Thursday, tracking gains in broader Asia, after U.S. Federal Reserve Chairman Jerome Powell set the stage for an anticipated interest rate cut later this month.
At the close of trade, the Hang Seng index was up 0.8% at 28,431.80. The Hang Seng China Enterprises index also rose 0.8%.
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Plan A : Above 28602, do nothing
Plan B : Below 28306, do nothing
Plan C : Consider buying if market stays firm above 28499
Plan D : Cut below 28412
Plan E : Attempt selling if market does not breach above 28602
Plan F : Cut above 28700
WTI Crude
Oil prices eased on Thursday as OPEC forecast slower demand for its crude next year, but crude futures hovered at near the highest in more than a month as oil rigs in Gulf of Mexico were evacuated ahead of a storm.
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Plan A : Remain buy as long as oil price holds above 59.9
Plan B : Cut below 58.9
Plan C : Consider selling if oil price falls below 59.9
Plan D : Cut above 60.7
Gold
Gold prices fell on Thursday, erasing gains made early in the the day after stronger-than-expected consumer inflation in the United States cast doubts whether the U.S. central bank will cut interest rates as aggressively as expected.
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Plan A : Attempt selling if gold price remain below 1410
Plan B : Cut above 1416.8
Plan C : Consider buying if gold price supports well above 1400
Plan D : Cut below 1391.6
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, CNN, Market Watch 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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