FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Investor attention is now on ISM’s services data due later in the day and a pivotal jobs report on Friday after dismal manufacturing and hiring data earlier in the week showed the U.S.-China trade war was hurting the U.S. economy.
E-Mini S&P 500
Stocks rose after the possibility of lower interest rates from the Federal Reserve increased. Expectations of a 25 basis-point rate cut rose to 88.2% on Thursday from 77%, according to the CME Group’s Fed Watch.
Expectations for a rate cut rose after the release of disappointing U.S. services data from the Institute for Supply Management. ISM said the U.S. services sector grew at its slowest pace since August 2016.
The S&P 500 climbed 0.8%, or +23.02 points to 2,910.63. Thursday’s gains chipped away at the market’s massive two-day sell-off to start off the fourth quarter.
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Plan A : Buy if market doesn't retrace much and supported firm above 2901.25. Targets are 2916.50, 2927.25 and 2936.75.
Plan B : Sell if market failed to support above 2901.25. Targets are 2886.25, 2875.50 and 2865.75.
Plan C : Buy if market retraced and supported above 2886.25. Targets are 2901.25, 2912.50 and 2920.75.
E-Mini Nasdaq
Wall Street closed higher after two-days of intense sell-off. The recovery came off the back of growing expectations that the Federal Reserve will cut rates later this month.
The Nasdaq Composite Index advanced 1.12% or +87.02 points to 7,872.27. Shares of big-tech companies such as Facebook, Apple, and Alphabet outperformed on Thursday. Facebook climbed more than 2.7% while Apple and Alphabet gained 0.85% and 0.98%, respectively.
Wall Street will keep its eyes on economic data as the U.S. government is scheduled to release the September jobs report. The U.S. economy is forecast to have added 145,000 jobs in last month, according to a Dow Jones estimate. Consumer sentiment numbers are also set for release on Friday.
Plan A : Sell if market rebounded but resisted around 7657.25. Targets are 7617.50, 7587.50 and 7558.25.
Plan B : Buy if market retraced then later supported above 7578.25. Targets are 7618.50, 7647.25 and 7679.75.
Plan C : Buy if market doesn't retrace much and supported above 7657.25. Targets are 7697.25, 7726.50 and 7755.25.
WTI Crude
Oil fell further under $58 a barrel on Thursday, kept in check by concerns about global economic growth, oil demand and signs of excess supply despite OPEC-led cuts.
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 stays firm above 52.4
Plan D : Cut below 52.1
Gold
Gold jumped more than 1% to its highest in a week on Thursday as weak U.S. data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.
Plan A : Attempt buy if gold price trades firmly above 1498.7
Plan B : Cut below 1495.0
Plan C : Consider selling if gold price surges but fails to breach above 1507.4
Plan D : Cut above 1510
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.
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
Click here to contact us : https://goo.gl/B6Dccf
Investor attention is now on ISM’s services data due later in the day and a pivotal jobs report on Friday after dismal manufacturing and hiring data earlier in the week showed the U.S.-China trade war was hurting the U.S. economy.
E-Mini S&P 500
Stocks rose after the possibility of lower interest rates from the Federal Reserve increased. Expectations of a 25 basis-point rate cut rose to 88.2% on Thursday from 77%, according to the CME Group’s Fed Watch.
Expectations for a rate cut rose after the release of disappointing U.S. services data from the Institute for Supply Management. ISM said the U.S. services sector grew at its slowest pace since August 2016.
The S&P 500 climbed 0.8%, or +23.02 points to 2,910.63. Thursday’s gains chipped away at the market’s massive two-day sell-off to start off the fourth quarter.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Plan A : Buy if market doesn't retrace much and supported firm above 2901.25. Targets are 2916.50, 2927.25 and 2936.75.
Plan B : Sell if market failed to support above 2901.25. Targets are 2886.25, 2875.50 and 2865.75.
Plan C : Buy if market retraced and supported above 2886.25. Targets are 2901.25, 2912.50 and 2920.75.
E-Mini Nasdaq
Wall Street closed higher after two-days of intense sell-off. The recovery came off the back of growing expectations that the Federal Reserve will cut rates later this month.
The Nasdaq Composite Index advanced 1.12% or +87.02 points to 7,872.27. Shares of big-tech companies such as Facebook, Apple, and Alphabet outperformed on Thursday. Facebook climbed more than 2.7% while Apple and Alphabet gained 0.85% and 0.98%, respectively.
Wall Street will keep its eyes on economic data as the U.S. government is scheduled to release the September jobs report. The U.S. economy is forecast to have added 145,000 jobs in last month, according to a Dow Jones estimate. Consumer sentiment numbers are also set for release on Friday.
Plan A : Sell if market rebounded but resisted around 7657.25. Targets are 7617.50, 7587.50 and 7558.25.
Plan B : Buy if market retraced then later supported above 7578.25. Targets are 7618.50, 7647.25 and 7679.75.
Plan C : Buy if market doesn't retrace much and supported above 7657.25. Targets are 7697.25, 7726.50 and 7755.25.
WTI Crude
Oil fell further under $58 a barrel on Thursday, kept in check by concerns about global economic growth, oil demand and signs of excess supply despite OPEC-led cuts.
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 stays firm above 52.4
Plan D : Cut below 52.1
Gold
Gold jumped more than 1% to its highest in a week on Thursday as weak U.S. data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.
Plan A : Attempt buy if gold price trades firmly above 1498.7
Plan B : Cut below 1495.0
Plan C : Consider selling if gold price surges but fails to breach above 1507.4
Plan D : Cut above 1510
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.