Where Futures Lies

Daily Futures Trading Strategy 30 October 2019

Futurescoin
Publish date: Wed, 30 Oct 2019, 06:20 AM

 

FUTURESCOIN IS GOING GLOBAL

 

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

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E-Mini Dow

U.S. stock index futures edged lower on Tuesday as investors assessed a mixed batch of earnings reports. 

Investors will keep a close watch on the two-day Federal Reserve meeting, where the central bank is expected to cut interest rates by a quarter percentage point for the third time this year. The Fed will announce its policy decision on Wednesday.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Continue to hold buy as long as market stays above 27096. Targets are 27125, 27165 and 27210.

Plan B : Cut below 27069.

Plan C : Attempt to sell if market does not breach above 27069. Targets are 27039, 27005 and 26960.

Plan D : Cut above 27096.


 

E-Mini S&P 500

 

The S&P 500 hit an all-time high above 3,000 on Monday, and if market history is any guide, November could soon produce another record. The fourth quarter of the year tends to be the strongest period for stocks. The month of November, in particular, has been among the best months of the year for the markets over the past decade.


The S&P 500 slipped 0.08% or -2.53 points to 3,036.89. The S&P 500 notched a fresh intraday record but mixed earnings and a looming Federal Reserve decision kept investor sentiment in check.


The major indexes failed to make any major moves on Tuesday despite the S&P 500 making a new all-time high. In fact, the broad index traded in a range of just 0.4% on the day. Strong earnings from pharmaceuticals such as Merck and Pfizer initially helped lift the S&P 500 to an all-time high. However, disappointing results from Google-parent Alphabet offset some of that optimism. Investors also seemed reluctant to make any big moves before the Fed’s announcement on Wednesday.


Monetary policy will be front and center for investors on Wednesday, with the Fed expected to cut rates by 25 basis points. Investors will also look for clues on whether the Fed will continue lowering rates in the future or if they will raise the bar for further easing. Wall Street will also digest earnings from companies such as General Electric, Apple, Facebook and Starbucks.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 


Plan A : Short only if market failed to support above 3014.25. Targets are 2999.50, 2987.25 and 2976.50.
Plan B : Long if market retraced but supported firm above 2998.25. Targets are 3013.25, 3024.50 and 3032.75.    


 

E-Mini Nasdaq


Nasdaq futures were indicating the biggest decline at the open following  Alphabet's lower-than-expected third-quarter earnings on late Monday. The Google-parent blamed record quarterly expenses as it invests in areas like cloud computing. In addition to earnings, the Federal Reserve’s commentary around its expected third 2019 interest rate cut at the end of its two-day meeting Wednesday will be watched closely. 


The Nasdaq Composite slid 0.59% or -49.14 points to end the day at 8,276.85. All three major indices have traded positively 80% of the time in November since 2009, according to a CNBC analysis of Kensho, a hedge fund market analytics tool. 

The top performers on the Nasdaq Composite were Wins Finance Holdings Inc. which rose 39.52% to 14.05, Amkor Technology Inc. which was up 34.66% to settle at 14.92 and Synthesis Energy Systems Inc. which gained 33.33% to close at 7.56.

The worst performers were Destination Maternity Corporation which was down 31.19% to 0.11 in late trade, Safe-T Group Ltd ADR which lost 25.07% to settle at 7.80 and Diffusion Pharmaceuticals Inc. which was down 24.31% to 0.8251 at the close.


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Short if market failed to support above 8021.25. Targets are 7981.25, 7950.25 and 7919.75.

Plan B : Short if market rebounded and resisted around 8073.25. Targets are 8032.25, 8000.25 and 7970.75.

Plan C : Long if market retraced but supported firm above 7984.50. Targets are 8024.25, 8052.75 and 8082.75. 

 

HSI

 

Hong Kong shares closed lower on Tuesday, pulling back from six-month highs recorded a day earlier, as investors took profits, and as the city’s leader warned that Hong Kong could record negative growth for the full 2019 year.

 

The Hang Seng index closed 104.50 points down or 0.39% at 26,786.76. 

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Above 27103, do nothing
Plan B : Below 26729, do nothing
Plan C : Continue to short if market stays below 26790
Plan D : Cut above 26875
Plan E : Attempt to long if market supported above 26729
Plan F : Cut below 26650

 

 

WTI Crude

 

Oil finished lower on Tuesday, extending Monday's losses, pressured by expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

 

Plan A : Attempt selling if oil price fails to hold above 55.4

Plan B : Cut above 55.9

Plan C : Consider buying only if oil price trades resiliently above 55.4

Plan D : Cut below 54.6
 

 

Gold

 

Gold fell to a one-week low on Tuesday as hopes for a U.S.-China trade deal buoyed risk sentiment, while gold investors will watch how other financial markets react to this week's Federal Reserve meeting at which the central bank is widely expected to cut U.S. interest rates.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

 

Plan A : Attempt selling if gold price stays below 1490

Plan B : Cut above 1495

Plan C : Consider buying only if gold price breach and holds firm above 1490

Plan D : Cut below 1483

 

 

 

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 

 

E-Mini Dow

U.S. stock index futures edged lower on Tuesday as investors assessed a mixed batch of earnings reports. 

Investors will keep a close watch on the two-day Federal Reserve meeting, where the central bank is expected to cut interest rates by a quarter percentage point for the third time this year. The Fed will announce its policy decision on Wednesday.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Continue to hold buy as long as market stays above 27096. Targets are 27125, 27165 and 27210.

Plan B : Cut below 27069.

Plan C : Attempt to sell if market does not breach above 27069. Targets are 27039, 27005 and 26960.

Plan D : Cut above 27096.


 

E-Mini S&P 500

 

The S&P 500 hit an all-time high above 3,000 on Monday, and if market history is any guide, November could soon produce another record. The fourth quarter of the year tends to be the strongest period for stocks. The month of November, in particular, has been among the best months of the year for the markets over the past decade.


The S&P 500 slipped 0.08% or -2.53 points to 3,036.89. The S&P 500 notched a fresh intraday record but mixed earnings and a looming Federal Reserve decision kept investor sentiment in check.


The major indexes failed to make any major moves on Tuesday despite the S&P 500 making a new all-time high. In fact, the broad index traded in a range of just 0.4% on the day. Strong earnings from pharmaceuticals such as Merck and Pfizer initially helped lift the S&P 500 to an all-time high. However, disappointing results from Google-parent Alphabet offset some of that optimism. Investors also seemed reluctant to make any big moves before the Fed’s announcement on Wednesday.


Monetary policy will be front and center for investors on Wednesday, with the Fed expected to cut rates by 25 basis points. Investors will also look for clues on whether the Fed will continue lowering rates in the future or if they will raise the bar for further easing. Wall Street will also digest earnings from companies such as General Electric, Apple, Facebook and Starbucks.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 


Plan A : Short only if market failed to support above 3014.25. Targets are 2999.50, 2987.25 and 2976.50.
Plan B : Long if market retraced but supported firm above 2998.25. Targets are 3013.25, 3024.50 and 3032.75.    


 

E-Mini Nasdaq


Nasdaq futures were indicating the biggest decline at the open following  Alphabet's lower-than-expected third-quarter earnings on late Monday. The Google-parent blamed record quarterly expenses as it invests in areas like cloud computing. In addition to earnings, the Federal Reserve’s commentary around its expected third 2019 interest rate cut at the end of its two-day meeting Wednesday will be watched closely. 


The Nasdaq Composite slid 0.59% or -49.14 points to end the day at 8,276.85. All three major indices have traded positively 80% of the time in November since 2009, according to a CNBC analysis of Kensho, a hedge fund market analytics tool. 

The top performers on the Nasdaq Composite were Wins Finance Holdings Inc. which rose 39.52% to 14.05, Amkor Technology Inc. which was up 34.66% to settle at 14.92 and Synthesis Energy Systems Inc. which gained 33.33% to close at 7.56.

The worst performers were Destination Maternity Corporation which was down 31.19% to 0.11 in late trade, Safe-T Group Ltd ADR which lost 25.07% to settle at 7.80 and Diffusion Pharmaceuticals Inc. which was down 24.31% to 0.8251 at the close.


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Short if market failed to support above 8021.25. Targets are 7981.25, 7950.25 and 7919.75.

Plan B : Short if market rebounded and resisted around 8073.25. Targets are 8032.25, 8000.25 and 7970.75.

Plan C : Long if market retraced but supported firm above 7984.50. Targets are 8024.25, 8052.75 and 8082.75. 

 

HSI

 

Hong Kong shares closed lower on Tuesday, pulling back from six-month highs recorded a day earlier, as investors took profits, and as the city’s leader warned that Hong Kong could record negative growth for the full 2019 year.

 

The Hang Seng index closed 104.50 points down or 0.39% at 26,786.76. 

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

Plan A : Above 27103, do nothing
Plan B : Below 26729, do nothing
Plan C : Continue to short if market stays below 26790
Plan D : Cut above 26875
Plan E : Attempt to long if market supported above 26729
Plan F : Cut below 26650

 

 

WTI Crude

 

Oil finished lower on Tuesday, extending Monday's losses, pressured by expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

 

Plan A : Attempt selling if oil price fails to hold above 55.4

Plan B : Cut above 55.9

Plan C : Consider buying only if oil price trades resiliently above 55.4

Plan D : Cut below 54.6
 

 

Gold

 

Gold fell to a one-week low on Tuesday as hopes for a U.S.-China trade deal buoyed risk sentiment, while gold investors will watch how other financial markets react to this week's Federal Reserve meeting at which the central bank is widely expected to cut U.S. interest rates.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for November subscription. 

 

Plan A : Attempt selling if gold price stays below 1490

Plan B : Cut above 1495

Plan C : Consider buying only if gold price breach and holds firm above 1490

Plan D : Cut below 1483

 

 

 

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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