Where Futures Lies
Daily Futures Trading Strategy 7 August 2019
FUTURESCOIN IS GOING GLOBAL TODAY
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street was set to bounce back on Tuesday, as China stepped in to steady the yuan and investors sought beaten-down technology stocks, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
At 8:28 a.m. ET, Dow e-minis were up 218 points, or 0.85%.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Continue to short if market stays below 25866
Plan B : Cut above 25891. Targets at 25845 & 25815
Plan C : Attempt to long if market rebounds from 25847
Plan D : Cut below 25817.Targets at 25875 & 25899
E-Mini S&P 500
U.S. stocks finally rallied Tuesday after six days of declines and following the biggest losing day so far this year on Monday. Stocks with business in China such as Apple, Micron Technology and Nike that were big losers on Monday led the gains Tuesday.
The S&P 500 index climbed 37.03 points, or 1.3%, to close at 2881.77, powered by a rally by the information technology and communication services sectors.
China's central bank indicated its plan to keep its currency at a level stronger than some investors had first feared, easing tensions about the nation using yuan as weapon in the trade war.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Buy only if market retraced but supported firm above 2855.75. Targets are 2870.25, 2882.50 and 2891.25.
Entry tip : Above 2863.25, do not enter.
Plan B : Sell if market rebounded and resisted around 2895.00. Targets are 2880.50, 2868.25 and 2859.75.
Entry tip : Below 2888.25, do not enter.
Plan C : Buy only if market supported firm above 2895.00. Targets are 2909.50, 2919.25 and 2928.75.
Entry tip : Above 2903, do not enter.
Plan D : Sell only if market failed to support above 2855.75. Targets are 2840.25, 2829.50 and 2819.25.
Entry tip : Below 2847.25, do not enter.
E-Mini Nasdaq
US stocks rose yesterday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year. China's overnight intervention came after the US Treasury Department labelled Beijing as a currency manipulator as it let the yuan slide to a more than decade low on Monday.
Leading the bullish charge, the tech-heavy Nasdaq surged 107.23 points, or 1.39%, ended at 7833.27. Advancers stocks led declining by 1.83 to 1 ratio.
The Nasdaq 100 index closed up 1.42% for the day; a total of 105.63 points. Mylan N.V. had the largest percent change down, -5.94% while Take-Two Interactive Software Inc. had the largest percent change gain rising 7.96%. The total shares traded for the Nasdaq was over 2.26 billion.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Buy if market retraced but supported firm above 7500.25. Targets are 7539.75, 7568.25 and 7595.50.
Entry tip : Above 7516.25, do not enter.
Plan B : Sell if market rebounded and resisted around 7637.25. Targets are 7598.75, 7569.25 and 7535.75.
Entry tip : Below 7622.50, do not enter.
Plan C : Sell if market failed to support above 7500.25. Targets are 7462.25, 7435.75 and 7402.50.
Entry tip : Below 7485.25, do not enter.
Plan D : Buy if market supported firm above 7637.25. Targets are 7678.25, 7700.50 and 7729.25.
Entry tip : Above 7652.50, do not enter.
HSI/HSI warrant
The PBOC’s announcement of a sale of 30 billion yuan ($4.25 billion) worth of yuan-denominated bills in Hong Kong also suggested the central bank was soaking up cash to prevent speculative short-selling. However, the currency’s stabilisation on Tuesday was not enough assuage markets, but did halt their slide by midsession.
The Hong Kong’s Hang Seng Index hit it’s lowest since January before paring some of the losses.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Above 26207, do nothing
Plan B : Below 25249, do nothing
Plan C : Attempt selling if market does not breach above 26096
Plan D : Cut above 26182
Plan E : Consider buying only if market rebounds from 25894
Plan F : Cut below 25811
WTI Crude
Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel because of increasing trade tensions between China and the United States.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Attempt selling if oil price stays trading below 54.07
Plan B : Cut above 54.32
Plan C : Consider buying if oil price able to support above 53.4
Plan D : Cut below 53.0
Gold
Gold prices strengthened on Tuesday, consolidating near the highest in more than six years as an intensifying U.S.-China trade war threatened global economic growth.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as gold price trades above 1474.4
Plan B : Exit below 1470
Plan C : Consider selling only if gold price falls below 1474.4
Plan D : Cut above 1480
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 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.
FUTURESCOIN IS GOING GLOBAL TODAY
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 was set to bounce back on Tuesday, as China stepped in to steady the yuan and investors sought beaten-down technology stocks, a day after Wall Street’s main indexes racked up their steepest one-day percentage fall of the year.
At 8:28 a.m. ET, Dow e-minis were up 218 points, or 0.85%.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Continue to short if market stays below 25866
Plan B : Cut above 25891. Targets at 25845 & 25815
Plan C : Attempt to long if market rebounds from 25847
Plan D : Cut below 25817.Targets at 25875 & 25899
E-Mini S&P 500
U.S. stocks finally rallied Tuesday after six days of declines and following the biggest losing day so far this year on Monday. Stocks with business in China such as Apple, Micron Technology and Nike that were big losers on Monday led the gains Tuesday.
The S&P 500 index climbed 37.03 points, or 1.3%, to close at 2881.77, powered by a rally by the information technology and communication services sectors.
China's central bank indicated its plan to keep its currency at a level stronger than some investors had first feared, easing tensions about the nation using yuan as weapon in the trade war.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Buy only if market retraced but supported firm above 2855.75. Targets are 2870.25, 2882.50 and 2891.25.
Entry tip : Above 2863.25, do not enter.
Plan B : Sell if market rebounded and resisted around 2895.00. Targets are 2880.50, 2868.25 and 2859.75.
Entry tip : Below 2888.25, do not enter.
Plan C : Buy only if market supported firm above 2895.00. Targets are 2909.50, 2919.25 and 2928.75.
Entry tip : Above 2903, do not enter.
Plan D : Sell only if market failed to support above 2855.75. Targets are 2840.25, 2829.50 and 2819.25.
Entry tip : Below 2847.25, do not enter.
E-Mini Nasdaq
US stocks rose yesterday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year. China's overnight intervention came after the US Treasury Department labelled Beijing as a currency manipulator as it let the yuan slide to a more than decade low on Monday.
Leading the bullish charge, the tech-heavy Nasdaq surged 107.23 points, or 1.39%, ended at 7833.27. Advancers stocks led declining by 1.83 to 1 ratio.
The Nasdaq 100 index closed up 1.42% for the day; a total of 105.63 points. Mylan N.V. had the largest percent change down, -5.94% while Take-Two Interactive Software Inc. had the largest percent change gain rising 7.96%. The total shares traded for the Nasdaq was over 2.26 billion.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Buy if market retraced but supported firm above 7500.25. Targets are 7539.75, 7568.25 and 7595.50.
Entry tip : Above 7516.25, do not enter.
Plan B : Sell if market rebounded and resisted around 7637.25. Targets are 7598.75, 7569.25 and 7535.75.
Entry tip : Below 7622.50, do not enter.
Plan C : Sell if market failed to support above 7500.25. Targets are 7462.25, 7435.75 and 7402.50.
Entry tip : Below 7485.25, do not enter.
Plan D : Buy if market supported firm above 7637.25. Targets are 7678.25, 7700.50 and 7729.25.
Entry tip : Above 7652.50, do not enter.
HSI/HSI warrant
The PBOC’s announcement of a sale of 30 billion yuan ($4.25 billion) worth of yuan-denominated bills in Hong Kong also suggested the central bank was soaking up cash to prevent speculative short-selling. However, the currency’s stabilisation on Tuesday was not enough assuage markets, but did halt their slide by midsession.
The Hong Kong’s Hang Seng Index hit it’s lowest since January before paring some of the losses.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Above 26207, do nothing
Plan B : Below 25249, do nothing
Plan C : Attempt selling if market does not breach above 26096
Plan D : Cut above 26182
Plan E : Consider buying only if market rebounds from 25894
Plan F : Cut below 25811
WTI Crude
Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel because of increasing trade tensions between China and the United States.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Attempt selling if oil price stays trading below 54.07
Plan B : Cut above 54.32
Plan C : Consider buying if oil price able to support above 53.4
Plan D : Cut below 53.0
Gold
Gold prices strengthened on Tuesday, consolidating near the highest in more than six years as an intensifying U.S.-China trade war threatened global economic growth.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as gold price trades above 1474.4
Plan B : Exit below 1470
Plan C : Consider selling only if gold price falls below 1474.4
Plan D : Cut above 1480
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 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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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
