Where Futures Lies

Daily Futures Trading Strategy 13 August 2019

Futurescoin
Publish date: Tue, 13 Aug 2019, 05:45 AM

 

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 open lower on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.

 

President Donald Trump said on Friday he was not ready to make a deal with China, pouring cold water on any hopes that the dispute would end soon. Trump’s pledge to tax the remaining $300 billion worth of Chinese imports goes into effect on Sept 1.

 

At 8:27 a.m. ET, Dow e-minis were down 144 points, or 0.55%. 

 

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Plan A : Continue to short if market does not breach above 26111
Plan B : Cut above 26140. Targets at 26075 & 26035
Plan C : Attempt to long if market tested and rebounds from 25925
Plan D : Cut below 25895.Targets at 25950 & 25975

 



E-Mini S&P 500


Stocks fell on Monday as bond yields resumed their August downturn, raising concerns about the state of the economy. The benchmark 10-year Treasury yield, which fell to its lowest since 2016 last week, dipped to 1.63%.


The S&P 500 dropped -35.95 points, or 1.24%, to 2883.09. It was the second down day in a row for the market, which had staged a remarkable recovery last week until the selling returned again on Friday.


Analysts are lowering their earnings estimates for the second half of 2019, and there is a chance earnings for the S&P 500 could be negative for 2019, citing a sluggish economy, trade war threats and potential currency devaluations.


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Plan A : Buy only if market supported firm above 2885.25. Targets are 2900.75, 2912.25 and 2919.75.

Entry tips : Above 2893.25, do not enter.


Plan B : Sell if market rebounded to 2885.25 but resisted around this level. Targets are 2870.25, 2862.75 and 2850.50.

Entry tips : Below 2877.75, do not enter.   




E-Mini Nasdaq


U.S. stocks fell more than 1% as political unrest in Hong Kong and Argentina fueled a rally in a global bonds that  continues to raise the specter of a looming recession. Gold surged.


The Nasdaq composite Index ended lower at 7863.41, dropped 95.73 points or -1.2%. The total shares traded for the Nasdaq was over 2 billion. Declining stocks led advancers by 2.09 to 1 ratio.


The Nasdaq 100 Index closed down -1.11% for the day, slid -84.59 points. MercadoLibre Inc. had the largest percent change down, -9.63% while Amgen Inc. had the largest percent change gain rising 4.86%.


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Plan A : Buy only if market supported firm above 7566.25. Targets are 7603.25, 7636.75 and 7660.50.

Entry tips : Above 7581.25, do not enter.


Plan B : Sell if market rebounded and resisted around 7566.25. Targets are 7530.75, 7499.25 and 7472.75.

Entry tips : Below 7551.75, do not enter.
 

n 1.2% to 7,863.41. 

 

HSI/HSI warrant
 

Hong Kong stock market started the week on a soft footing on Monday, amid weeks of violent protests that threatened to weigh on the Asian financial hub’s economy. 
 

This summer’s increasingly violent demonstrations have plunged the Chinese-ruled territory into its most serious crisis in decades, presenting one of the biggest popular challenges to Chinese leader Xi Jinping since he came to power in 2012. 

 

Hong Kong’s protests are hitting its economy, the city’s leader Carrie Lam said, echoing warnings from business leaders including powerful local property developers.

 

The Hang Seng index ended down 0.4% at 25,824.72, while the China Enterprises Index was unchanged at 9,997.94. Hong Kong markets marked three consecutive weekly declines. 
 

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Plan A : Above 25903, do nothing

Plan B : Below 25249, do nothing

Plan C : Attempt selling if market does not breach above 25562

Plan D : Cut above 25648

Plan E : Consider buying only if market rebounds from 25249

Plan F : Cut below 25165

 

 

WTI Crude


Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude.


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Plan A : Attempt selling if oil price fails to breach above 55.0

Plan B : Cut above 55.7

Plan C : Consider buying if oil price stays firm above 54.7

Plan D : Cut below 54.1



Gold


Gold edged up on Monday, holding above the psychological $1,500 level, amid concerns over slowing global economic growth as the trade war between Washing and Beijing drags on. 


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Plan A : Remain buy as long as gold price holds above 1510

Plan B : Exit below 1508.9

Plan C : Consider selling if gold price fails to hold above 1510

Plan D : Cut above 1513.5

 

 

 

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 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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