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E-Mini Dow

Wall Street was set to open sharply lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies towards the brink of recession.

The U.S. bond market showed red flags, with two-year Treasury yields rising above those for 10-year paper for the first time since 2007, pointing to the risk of recession.

At 8:28 a.m. ET, Dow e-minis were down 361 points, or 1.37%.
 

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Plan A : Attempt to long if market stays firm above 25489
Plan B : Cut below 25454. Targets at 25530 & 25580
Plan C : Attempt to short if market does not breach above 25567
Plan D : Cut above 25602.Targets at 25525, 25490 & 25455

E-Mini S&P 500

The massive sell-off was triggered by a bond market phenomenon on Wednesday where the yield on the benchmark 10-year Treasury note briefly broke below the 2-year rate. The inversion of this key part of the yield curve has been a reliable indicator of economic recessions.

The S&P 500 fell 85.72 points or 2.93% to 2840.60. In fact, of the roughly 505 companies that constitute the broad-market S&P 500 Index, only three closed in positive territory on Wednesday. The S&P 500 slid nearly 3%.

Combined with fears of a weakening economic backdrop in Europe and a trade clash between Washington and Beijing, the markets took the inversion as cause to deeply reduce their holdings of assets perceived as risky, leaving few companies unscathed in the carnage.

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Plan A : Buy if market supported firm above 2857.25. Targets are 2872.25, 2884.50 and 2892.75.

Plan B : Sell if market rebounded and resisted around 2871.25. Targets are 2856.75, 2845.25 and 2836.50.

Plan C : Buy if  market retraced but supported above 2830.75. Targets are  2848.25, 2859.50 and 2869.75.

Plan D : Sell if market failed to support above 2830.25. Targets are 2814.75, 2803.75 and 2792.50.

Stocks plunged Wednesday in the Dow Jones Industrial Average's worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. 

The weak economic data around the world also fueled concerns that the global slowdown could tip the U.S. economy into  a recession. Investor remained on edge about the trade tensions between U.S. and China.

The Nasdaq Composite declined 3.02% to 7773.94 on Wednesday's session. The total shares traded for the Nasdaq was over 2.42 billion. Declining stocks led advancers by 5.17 to 1 ratio.

The Nasdaq 100 index closed down 3.08% for the day; a total of -238.02 points. Mylan N.V. had the largest percent change down, -8.52% while NetEase Inc. had the largest percent change gain rising 0.49%.

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Plan A : Buy if market supported firm above 7506.25. Targets are 7548.50, 7576.50 and 7604.75.

Plan B : Sell if market rebounded and resisted around 7581.75. Targets are 7539.50, 7505.75 and 7481.25.

Plan C : Buy if market retraced but later supported firm above 7412.75. Targets are 7450.50, 7478.50 and 7500.25.

Plan D : Sell if market failed to support above 7506.25. Targets are 7466.50, 7436.25 and 7406.50.

HSI/HSI warrant

Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city.

The Hang Seng index ended up 0.1% at 25,302.28. The benchmark HSI started the day 1.7% higher, after Washington delayed tariffs on some Chinese imports.

Plan A : Above 25249, do nothing

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

Plan B : Exit below 1507

Plan C : Consider selling only if gold price fails to breach above 1520

Plan D : Cut above 1524

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.

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

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 trades below 55.1

Plan B : Cut above 55.7

Plan C : Consider buying only if oil price able to hold firm above 54.7

Plan D : Cut below 54.1

Gold

Gold rose 1% on Wednesday as an inversion in the U.S. Treasury yield curve and poor economic data from the euro zone stoked fears of a recession and drove investors to the safe-haven bullion.

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