FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Plan A : Continue to hold sell as long as market stays below 26154
Plan B : Cut above 26185
Plan C : Consider buying if market tested and rebounds from 25886
Plan D : Cut below 25855
Stock indexes were nearing record high levels, until October and the fourth quarter began. In the last two days the U.S. markets have fallen broadly, as investors began showing concern about fresh signs of an economic slowdown.
The S&P 500 lost 1.79% or -52.64 points to 2,887.61 to fall below its 100-day moving average as the tech sector dropped 2%. All 11 S&P 500 sectors were down, with 10 of them sliding at least 1.2%.
Plan A : Sell if market rebounded but resisted around 2914.25. Targets are 2899.50, 2887.25 and 2878.75.
Plan B : Buy if market supported firm above 2881.25. Targets are 2896.50, 2907.25 and 2916.75.
Plan C : Sell only if market doesn't rebound much and failed to support above 2881.25. Target are 2865.25, 2855.50 and 2844.25.
Stocks fell sharply on Wednesday, adding to Wall Street’s poor start to the final quarter of 2019 as investors grapple with fears of an economic recession. Equities were down on the second day of the fourth quarter after the Institute for Supply Management said U.S. manufacturing activity fell last month to its lowest level in more than 10 years.
The Nasdaq Composite Index slid 1.56% or -123.44 points to 7,785.25 as large-cap tech companies followed the broader market lower. Amazon, Apple and Alphabet all dropped at least 1.3%. Microsoft shares also fell 1.8%.
Plan A : Buy if market supported firm above 7562.25. Targets are 7602.50, 7630.25 and 7662.50.
Plan B : Sell if market rebounded and resisted around 7677.25. Targets are 7637.50, 7606.25 and 7578.50.
Plan C : Sell only if market doesn't rebound much and failed to support above 7562.25. Targets are 7523.50, 7492.75 and 7463.50.
WTI Crude
Oil prices fell on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global markets.
Plan A : Remain sell if oil price stays trading below 53.0
Plan B : Cut above 53.8
Plan C : Consider buying only if oil price rebound and stays firm above 53.0
Plan D : Cut below 52.4
Gold
Gold prices rose more than 1% on Wednesday as a report showing weaker-than-expected hiring by U.S. private employers stoked economic fears the day after another report showed weak manufacturing activity in the world's largest economy.
Plan A : Attempt buy if gold price trades firmly above 1498.7
Plan B : Cut below 1490
Plan C : Consider selling if gold price surges but fails to breach above 1505
Plan D : Cut above 1507.4
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.