Where Futures Lies

Daily Futures Trading Strategy 7 November 2019

Futurescoin
Publish date: Thu, 07 Nov 2019, 05:25 AM

 

FUTURESCOIN IS GOING GLOBAL

 

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

 

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E-Mini Dow

Wall Street was on course to open close to record highs on Wednesday as investors digested a corporate earnings season that has seen the bulk of U.S.-listed firms best analysts’ expectations, funding another round of stock market gains. 

Eyes remained glued to any signs of progress in trade talks between Washington and Beijing with latest reports saying the two sides were still working out the details of a “phase one” trade deal which could be signed later this month.

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 long as long as market stays above 27485. Targets are 27520, 27555 and 27585.

Plan B : Cut below 27455.

Plan C : Attempt to sell if market breaks below 27450. Targets are 27415, 27385 and 27350.

Plan D : Cut above 27485.


 

E-Mini S&P 500

 

U.S. stock futures were modestly higher ahead of Wednesday’s open on Wall Street following another day of record highs for the Dow and the Nasdaq. The S&P 500 was coming off its first drop in three days. None of the major stock measures has posted back-to-back losses in nearly a month, a streak that could end for the S&P 500 given that the index dropped Tuesday. 

 

The S&P 500 was also barely changed, closing at 3076.78.

 

While corporate profits have been largely solid this earnings season, companies are lowering their earnings expectations, which could be weighing on the market. S&P 500 companies now expect to grow their earnings by less than 1% year over year, compared with a 23% growth rate just 14 months ago, according to UBS. The S&P 500 is up more than 22% this year after surging 4% in the past month.

 

Stocks had gotten a boost from better-than-expected economic data this quarter. A gauge for U.S. services activities topped expectations for October, while the labor market remains solid as jobs creation easily beat estimate last month.

 

However, U.S. productivity dropped by the most since the fourth quarter of 2015 during the third quarter, the Labor Department said 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 : Long if market retraced but supported firm above 3068.50. Targets are 3083.25, 3092.25 and 3101.25.

Plan B : Short if market failed to support above 3068.50. Targets are 3053.25, 3042.25 and 3030.50.


 

 

E-Mini Nasdaq

 

Stocks closed Wednesday’s session little changed, struggling to sustain the recent rally that drove the market to record highs, as traders worried about U.S.-China trade discussions.

 

The Nasdaq Composite declined nearly 0.3% as big tech including Amazon, Microsoft, Apple and Facebook all under-performed. 

 

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

 

Plan A : Long if market retraced but supported firm above 8194.25. Targets are 8221.25, 8249.50 and 8278.50.

Plan B : Short only if market failed to support above 8194.25. Targets are 8154.25, 8126.50 and 8095.25

 

 

 

HSI

Hong Kong’s stock exchange said third-quarter profit dropped 8%, as investor sentiment was hit by the Sino-U.S. trade war and more than five months of political unrest that pushed the Asian financial hub into recession for the first time in a decade.

 

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 28090, do nothing
Plan B : Below 27444, do nothing
Plan C : Attempt to long if market tested and rebounds from 27444
Plan D : Cut below 27356
Plan E : Consider to short if market stays below 27701
Plan F : Cut above 27790

 

WTI Crude

 

Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.

 

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

 

Plan A : Remain buy as long as oil price stays firm above 56.3

Plan B : Cut below 55.9

Plan C : Consider selling if oil price fails to regain footings above 56.6

Plan D : Cut above 57.0
 

 

Gold

 

Gold prices firmed on Wednesday, slightly recovering from a 2% decline in the previous session, as doubt about a breakthrough in the U.S.-China trade deal buoyed demand for the safe-haven metal.

 

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 buying if gold price able to trade firmly above 1490

Plan B : Cut below 1482

Plan C : Consider selling if gold price consistently trades below 1490 

Plan D : Cut above 1494.2

 

 

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

Wall Street was on course to open close to record highs on Wednesday as investors digested a corporate earnings season that has seen the bulk of U.S.-listed firms best analysts’ expectations, funding another round of stock market gains. 

Eyes remained glued to any signs of progress in trade talks between Washington and Beijing with latest reports saying the two sides were still working out the details of a “phase one” trade deal which could be signed later this month.

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 long as long as market stays above 27485. Targets are 27520, 27555 and 27585.

Plan B : Cut below 27455.

Plan C : Attempt to sell if market breaks below 27450. Targets are 27415, 27385 and 27350.

Plan D : Cut above 27485.


 

E-Mini S&P 500

 

U.S. stock futures were modestly higher ahead of Wednesday’s open on Wall Street following another day of record highs for the Dow and the Nasdaq. The S&P 500 was coming off its first drop in three days. None of the major stock measures has posted back-to-back losses in nearly a month, a streak that could end for the S&P 500 given that the index dropped Tuesday. 

 

The S&P 500 was also barely changed, closing at 3076.78.

 

While corporate profits have been largely solid this earnings season, companies are lowering their earnings expectations, which could be weighing on the market. S&P 500 companies now expect to grow their earnings by less than 1% year over year, compared with a 23% growth rate just 14 months ago, according to UBS. The S&P 500 is up more than 22% this year after surging 4% in the past month.

 

Stocks had gotten a boost from better-than-expected economic data this quarter. A gauge for U.S. services activities topped expectations for October, while the labor market remains solid as jobs creation easily beat estimate last month.

 

However, U.S. productivity dropped by the most since the fourth quarter of 2015 during the third quarter, the Labor Department said 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 : Long if market retraced but supported firm above 3068.50. Targets are 3083.25, 3092.25 and 3101.25.

Plan B : Short if market failed to support above 3068.50. Targets are 3053.25, 3042.25 and 3030.50.


 

 

E-Mini Nasdaq

 

Stocks closed Wednesday’s session little changed, struggling to sustain the recent rally that drove the market to record highs, as traders worried about U.S.-China trade discussions.

 

The Nasdaq Composite declined nearly 0.3% as big tech including Amazon, Microsoft, Apple and Facebook all under-performed. 

 

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

 

Plan A : Long if market retraced but supported firm above 8194.25. Targets are 8221.25, 8249.50 and 8278.50.

Plan B : Short only if market failed to support above 8194.25. Targets are 8154.25, 8126.50 and 8095.25

 

 

 

HSI

Hong Kong’s stock exchange said third-quarter profit dropped 8%, as investor sentiment was hit by the Sino-U.S. trade war and more than five months of political unrest that pushed the Asian financial hub into recession for the first time in a decade.

 

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 28090, do nothing
Plan B : Below 27444, do nothing
Plan C : Attempt to long if market tested and rebounds from 27444
Plan D : Cut below 27356
Plan E : Consider to short if market stays below 27701
Plan F : Cut above 27790

 

WTI Crude

 

Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.

 

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

 

Plan A : Remain buy as long as oil price stays firm above 56.3

Plan B : Cut below 55.9

Plan C : Consider selling if oil price fails to regain footings above 56.6

Plan D : Cut above 57.0
 

 

Gold

 

Gold prices firmed on Wednesday, slightly recovering from a 2% decline in the previous session, as doubt about a breakthrough in the U.S.-China trade deal buoyed demand for the safe-haven metal.

 

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 buying if gold price able to trade firmly above 1490

Plan B : Cut below 1482

Plan C : Consider selling if gold price consistently trades below 1490 

Plan D : Cut above 1494.2

 

 

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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