FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Wall Street logged a choppy start to the month as concerns fueled by a contraction in U.S. factory activity and weaker-than-expected services sector data were countered by rising bets of a third interest rate cut by the Federal Reserve.
Stocks fell slightly on Monday as investors looked ahead to U.S.-China trade talks, which are set to begin later this week.
The S&P 500 dipped 0.45% or -13.22 points to close at 2,938.79. The indexes alternated between slight gains and losses for most of the session before ultimately closing lower.
Chinese officials have expressed reluctance to hammer out a broad agreement when they meet U.S. counterparts in Washington on Thursday and Friday, Bloomberg News (paywall) reported on Sunday, citing people familiar with the situation. The report said Vice Premier Liu He, President Xi Jinping’s No. 2, would arrive for discussions in Washington with terms for a deal that won’t include “commitments on reforming Chinese industrial policy” or “government subsidies.”
Plan A : Sell if market resisted around 2948.25. Targets are 2933.50, 2922.25 and 2913.75.
Plan B : Buy only if market doesn't retrace much and supported firm above 2948.25. Targets are 2963.50, 2974.50 and 2982.75.
Plan C : Buy if market retraced but supported firm above 2923.50. Targets 2938.50, 2948.25 and 2959.25.
Plan D : Sell if market failed to support above 2923.50. Targets are 2908.25, 2898.50 and 2888.75.
Stocks closed modestly lower on Monday, ahead of a fresh round of high-level tariff negotiations between Beijing and Washington that are scheduled to begin later this week.
The Nasdaq Composite Index lost 26.18 points, or 0.33%, to finish at 7,956.29. Last week, the Nasdaq managed a gain of 0.5%, snapping a two week losing streak.
Stocks recouped early morning losses after Larry Kudlow told reporters outside the White House Monday morning that the U.S. could be open to a short-term deal as long there is a plan to deal with “structural issues” at some point. He also praised China for being “a little more cooperative recently” as evidenced by increased purchases of U.S. agricultural goods.
Equities reversed course again in the final hours of trade after reports that the Chinese Commerce Ministry was prepared to strike a deal on areas where the U.S. and China agree, but that it will not make “changes to their laws to protect intellectual property,” according to Fox Business Network.
Plan A : Sell if market rebounded and resisted around 7812.25. Targets are 7772.50, 7742.25 and 7715.25.
Plan B : Buy if market retraced but supported firm above 7718.25. Targets are 7759.25, 7787.75 and 7815.25.
Plan C : Sell if market failed to support above 7747.50. Targets are 7708.25, 7678.50 and 7649.25.
Plan D : Buy only is market doesn't retrace much and supported firm above 7812.25. Targets are 7852.25, 7880.75 and 7910.25.
At the close of trade, the Hang Seng index was down 1.11% at 25,821.03. It fell 0.5% for the week, its third weekly loss.
WTI Crude
Oil prices ended the day little changed on Monday as U.S.-China trade talks loomed.
Plan A : Attempt selling as long as oil price stays below 53.0
Plan B : Cut above 53.35
Plan C : Consider buying only if oil price able to breach and stays firm above 53.0
Plan D : Cut below 52.6
Gold
Gold prices inched lower on Monday, but held a tight range around the $1,500 level as investors took a cautious approach ahead of the U.S. Federal Reserve minutes and trade talks between Washington and Beijing this week.
Plan A : Attempt buy if gold price stays firm above 1490
Plan B : Cut below 1487
Plan C : Consider selling if gold price surges but fails to breach above 1494.5
Plan D : Cut above 1498.7
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
Wall Street logged a choppy start to the month as concerns fueled by a contraction in U.S. factory activity and weaker-than-expected services sector data were countered by rising bets of a third interest rate cut by the Federal Reserve.
Stocks fell slightly on Monday as investors looked ahead to U.S.-China trade talks, which are set to begin later this week.
The S&P 500 dipped 0.45% or -13.22 points to close at 2,938.79. The indexes alternated between slight gains and losses for most of the session before ultimately closing lower.
Chinese officials have expressed reluctance to hammer out a broad agreement when they meet U.S. counterparts in Washington on Thursday and Friday, Bloomberg News (paywall) reported on Sunday, citing people familiar with the situation. The report said Vice Premier Liu He, President Xi Jinping’s No. 2, would arrive for discussions in Washington with terms for a deal that won’t include “commitments on reforming Chinese industrial policy” or “government subsidies.”
Plan A : Sell if market resisted around 2948.25. Targets are 2933.50, 2922.25 and 2913.75.
Plan B : Buy only if market doesn't retrace much and supported firm above 2948.25. Targets are 2963.50, 2974.50 and 2982.75.
Plan C : Buy if market retraced but supported firm above 2923.50. Targets 2938.50, 2948.25 and 2959.25.
Plan D : Sell if market failed to support above 2923.50. Targets are 2908.25, 2898.50 and 2888.75.
Stocks closed modestly lower on Monday, ahead of a fresh round of high-level tariff negotiations between Beijing and Washington that are scheduled to begin later this week.
The Nasdaq Composite Index lost 26.18 points, or 0.33%, to finish at 7,956.29. Last week, the Nasdaq managed a gain of 0.5%, snapping a two week losing streak.
Stocks recouped early morning losses after Larry Kudlow told reporters outside the White House Monday morning that the U.S. could be open to a short-term deal as long there is a plan to deal with “structural issues” at some point. He also praised China for being “a little more cooperative recently” as evidenced by increased purchases of U.S. agricultural goods.
Equities reversed course again in the final hours of trade after reports that the Chinese Commerce Ministry was prepared to strike a deal on areas where the U.S. and China agree, but that it will not make “changes to their laws to protect intellectual property,” according to Fox Business Network.
Plan A : Sell if market rebounded and resisted around 7812.25. Targets are 7772.50, 7742.25 and 7715.25.
Plan B : Buy if market retraced but supported firm above 7718.25. Targets are 7759.25, 7787.75 and 7815.25.
Plan C : Sell if market failed to support above 7747.50. Targets are 7708.25, 7678.50 and 7649.25.
Plan D : Buy only is market doesn't retrace much and supported firm above 7812.25. Targets are 7852.25, 7880.75 and 7910.25.
At the close of trade, the Hang Seng index was down 1.11% at 25,821.03. It fell 0.5% for the week, its third weekly loss.
WTI Crude
Oil prices ended the day little changed on Monday as U.S.-China trade talks loomed.
Plan A : Attempt selling as long as oil price stays below 53.0
Plan B : Cut above 53.35
Plan C : Consider buying only if oil price able to breach and stays firm above 53.0
Plan D : Cut below 52.6
Gold
Gold prices inched lower on Monday, but held a tight range around the $1,500 level as investors took a cautious approach ahead of the U.S. Federal Reserve minutes and trade talks between Washington and Beijing this week.
Plan A : Attempt buy if gold price stays firm above 1490
Plan B : Cut below 1487
Plan C : Consider selling if gold price surges but fails to breach above 1494.5
Plan D : Cut above 1498.7
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.