Where Futures Lies

Daily Futures Trading Strategy 28 August 2019

Futurescoin
Publish date: Wed, 28 Aug 2019, 05:07 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 slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.


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Plan A : Continue to short as long as market stays below 25875
Plan B : Cut above 25985. Targets seen at 25748 & 25656.
Plan C : Attempt to buy if market stays firm above 25710
Plan D : Cut below 25656. Targets seen at 25875 & 25955.


 

 

E-Mini S&P 500

 

The S&P 500 fell 0.32% to 2869.16 on Tuesday as a recession indicator from the bond market worsened and fears around the U.S.-China trade war weighed on equity trading.

 

Investors are now focused on Sept. 1, when the first stage of U.S. tariffs on $300 billion worth of Chinese goods is scheduled to go into effect. In response, China unveiled tariffs on U.S. products ranging from soybeans to autoparts to small aircraft that are set to go into effect the same day.


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Plan A : Sell if market failed to support above 2853.25. Targets are 2838.50, 2825.25 and 2814.75.

Plan B : Buy if market supported firm above 2869.75. Targets are 2885.25, 2893.50 and 2905.50.

 

 

 

E-Mini Nasdaq


Tuesday's session closed with the Nasdaq Composite Index at 7826.95, dropped 0.34% or -26.79 points amid losses in Netflix, Nvidia and T-Mobile.


The Nasdaq 100 Index closed down -0.12% for the day; a total of -8.99 points. Western Digital Corporation had the largest percent change down 3.62% while Costco Wholesale Corporation had the largest percent change gain rising 5%.

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Plan A : Buy if market supported above 7567.25. Targets are 7607.50, 7638.25 and 7667.50.

Plan B : Sell if market failed to support above 7567.25. Targets are 7527.50, 7498.75 and 7467.50.

 

 

 

HSI


Stocks in Hong Kong ended slightly lower on Tuesday as the Chinese-ruled city's biggest political crisis in decades dented sentiment and offset renewed hopes of a Sino-U.S. trade deal.
 

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Plan A : Above 25785, do nothing

Plan B : Below 25249, do nothing

Plan C : Attempt buying if market stays firm above 25523

Plan D : Cut below 25438

Plan E : Consider selling if market trades below 25785

Plan F : Cut above 25873

WTI Crude


Oil prices rose in highly volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.


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Plan A : Attempt buying if oil price trades firmly above 55.5

Plan B : Cut below 54.8

Plan C : Consider selling if oil price fails to support above 55.5

Plan D : Cut above 56.3



Gold


Gold rose more than 1% on Tuesday as fears of a possible recession gripped investors following disappointing U.S. economic data and an ongoing U.S.-China trade dispute.


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Plan A : Remain buy as long as gold price stays firm above 1523.9

Plan B : Exit below 1520

Plan C : Consider selling if gold price fails to breach and stays firm above 1543.6

Plan D : Cut above 1550





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 correctaysion, 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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