Where Futures Lies
Daily Futures Trading Strategy 4 September 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 lower on Tuesday, as Washington’s new round of tariffs on some Chinese goods kicked in and after a report that officials from both sides were struggling to decide on the schedule for a meeting this month.
At 8:47 a.m. ET, Dow e-minis were down 171 points, or 0.65%.
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Plan A : Attempt to short if market trades below 26179
Plan B : Cut above 26219. Targets seen at 26135, 26100 & 26065.
Plan C : Attempt to long if market rebounds from 26060.
Plan D : Cut above 26015. Targets seen at 26095, 26130 & 26185.
E-Mini S&P 500
A Red start. U.S. stocks ended solidly in the red on Tuesday, kicking off September with a loss. U.S. manufacturing activity declined in August, the first time in three years.
The S&P 500 finished at 2906.27, -20.19 points or -0.69%. This September could be especially tough for investors as U.S.-China trade tensions remain high while the U.S. and global economies show signs of slowing down.
September lived up to its tough reputation on Tuesday, the first trading day of the month, as investors digested the new tariffs along with the weak economic data.
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Plan A : Buy if market supported above 2927.25. Targets are 2943.25, 2951.50 and 2960.75.
Plan B : Sell if market failed to support above 2908.50. Targets are 2893.50, 2882.25 and 2874.25.
E-Mini Nasdaq
Tuesday's session closed with the Nasdaq Composite Index at 7874.16, -88.72 points or -1.11%. The total shares traded for the Nasdaq was over 2.18 billion. Declining stocks led advancers by 2.47 to 1 ratio.
The Nasdaq 100 Index closed down -1.06% for the day; a total of -81.49 points. Alexion Pharmaceuticals Inc. had the largest percent change down, -5.54% while the Kraft Heinz Company had the largest percent change gain rising 2.12%.
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Plan A : Buy only if market supported firm above 7709.25. Targets are 7750.50, 7777.75 and 7805.25.
Plan B : Sell if market failed to support above 7648.25. Targets are 7609.25, 7580.50 and 7549.25.
HSI
Hong Kong stocks fell on Tuesday as a deepening political crisis threatens to plunge the city into economic recession, while festering Sino-U.S. trade tensions continue to curb risk appetite. But the decline was limited amid signs capital from mainland China is flooding the Hong Kong equity market.
The Hang Seng index fell 0.4%, to 25,527.85.
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Plan A : Above 25736, do nothing
Plan B : Below 25223, do nothing
Plan C : Attempt selling if market stays below 25499
Plan D : Cut above 25620
Plan E : Consider buying if market rebounds from 25223
Plan F : Cut below 25133
Gold
Gold rose more than 1% on Tuesday after weak manufacturing data from the United States reinforced fears of an economic downturn, while uncertainties over U.S.-China trade ties and Brexit further boosted bullion's safe-haven appeal.
Spot gold rose 0.83% to $1543.11 per ounce, not far off its more than six-year high of $1554.56. U.S. gold futures surged 1.5% to $1552.40.
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Plan A : Sell if market failed to support above 1538. Targets are 1529 and 1521.
Plan B : Buy if market retraced but supported firm above 1538. Targets are 1547 and 1555.
WTI Crude Oil
Oil prices fell on Tuesday, with U.S. crude futures down 3% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
WTI futures fell $1.68, or 3.1%, to $53.42 a barrel by 12:45 p.m. EDT. The session low was $52.84 a barrel, the lowest since Aug. 9.
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Plan A : Buy if market supported firm above 54.48. Targets are 54.78 and 55.08.
Plan B : Sell if market failed to support above 54.48. Targets are 54.15 and 53.88.
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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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....
