Where Futures Lies
Daily Futures Trading Strategy 6 December 2019
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks looked set to open higher on Thursday on brighter hopes of a preliminary trade deal between the United States and China.
Headlines around trade suggested the world’s two largest economies were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal, while President Donald Trump said talks with China were going “very well”.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Attempt to long if market stays firm above 27645. Targets are 27695, 27725 and 27755.
Plan B : Cut below 27675.
Plan C : Consider to short if market still fails to breach above 27710. Targets are 27675, 27640 and 27605.
Plan D : Cut above 27745.
E-Mini S&P 500
The S&P 500 rose 0.15% to 3,117.43. Stocks hovered around the flat-line for most of the day as investors weighed strong jobs data and trade uncertainty.
Apple rose more than 1%. Communications services and tech rose 0.4% each to drive the S&P 500 marginally higher.
The Labor Department said weekly jobless claims fell to their lowest level in seven months, quelling fears about the jobs market stoked Wednesday by disappointing private payrolls data. The report also comes a day ahead of the monthly non-farm payrolls report. The strong jobs data from Thursday initially sent stocks slightly higher but the major indexes quickly pared gains as worries around U.S.-China trade relations percolated.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Short if market failed to support above 3107.50. Targets are 3092.50, 3083.25 and 3071.75.
Plan B : Long if market retraced but supported firm above 3107.50. Targets are 3122.75, 3130.25 and 3140.75.
E-Mini Nasdaq
Stocks ended Thursday’s session little changed as investors digested strong employment data while they monitored the latest news from the U.S.-China trade negotiations.
The Nasdaq Composite gained less than 0.1% to close at 8,570.70. The major averages oscillated between slight gains and losses throughout the day as they struggled to find direction.
The December jobs report will be front and center on Friday along with consumer sentiment data set for release later in the day. National Economic Council Director Larry Kudlow is also scheduled to speak with CNBC on Friday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Short if market failed to support above 8313.25. Targets are 8273.25, 8240.25 and 8220.25.
Plan B : Long if market retraced but supported firm above 8313.25. Targets are 8353.25, 8280.25 and 8413.50.
HSI
The Hong Kong stock market rose on Thursday on expectations that Beijing and Washington would reach a trade deal to avert fresh tariffs, but gains were capped by lingering concerns over mixed signals from U.S. President Donald Trump.
The Hang Seng index closed up 0.6% at 26,217.04 points.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Above 26539, do nothing
Plan B : Below 26069, do nothing
Plan C : Attempt to short if market still does not breach above 26395
Plan D : Cut above 26480
Plan E : Consider to long if market stays firm above 26069
Plan F : Cut below 25960
Gold
Gold edged higher on Wednesday as uncertainty emerging from mixed messages on the U.S-China trade negotiations offset headwinds from positive economic data out of the United States, while deficit-hit palladium extended a record surge.
Spot gold was up 0.27% at $1,478.14 per ounce, having hit its highest since Nov. 7 at $1,484 the previous day. U.S. gold futures rose 0.22% to $1,483.1.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Long if market supported firm above 1478.80. Targets are 1483.50, 1489.20 and 1493.50.
Plan B : Short if market failed to support above 1478.80. Targets are 1473.50, 1468.90 and 1463.90.
WTI Crude Oil
Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March.
WTI Oil futures fell 14 cents, or 0.2%, to $58.29 a barrel. They hit $59.12 a barrel on Thursday, the highest since the end of September.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Long if market retraced but supported firm above 58.17. Targets are 58.60, 59.20 and 59.55.
Plan B : Short is market failed to support above 58.17. Targets are 57.70, 57.19 and 56.72.
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. stocks looked set to open higher on Thursday on brighter hopes of a preliminary trade deal between the United States and China.
Headlines around trade suggested the world’s two largest economies were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal, while President Donald Trump said talks with China were going “very well”.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Attempt to long if market stays firm above 27645. Targets are 27695, 27725 and 27755.
Plan B : Cut below 27675.
Plan C : Consider to short if market still fails to breach above 27710. Targets are 27675, 27640 and 27605.
Plan D : Cut above 27745.
E-Mini S&P 500
The S&P 500 rose 0.15% to 3,117.43. Stocks hovered around the flat-line for most of the day as investors weighed strong jobs data and trade uncertainty.
Apple rose more than 1%. Communications services and tech rose 0.4% each to drive the S&P 500 marginally higher.
The Labor Department said weekly jobless claims fell to their lowest level in seven months, quelling fears about the jobs market stoked Wednesday by disappointing private payrolls data. The report also comes a day ahead of the monthly non-farm payrolls report. The strong jobs data from Thursday initially sent stocks slightly higher but the major indexes quickly pared gains as worries around U.S.-China trade relations percolated.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Short if market failed to support above 3107.50. Targets are 3092.50, 3083.25 and 3071.75.
Plan B : Long if market retraced but supported firm above 3107.50. Targets are 3122.75, 3130.25 and 3140.75.
E-Mini Nasdaq
Stocks ended Thursday’s session little changed as investors digested strong employment data while they monitored the latest news from the U.S.-China trade negotiations.
The Nasdaq Composite gained less than 0.1% to close at 8,570.70. The major averages oscillated between slight gains and losses throughout the day as they struggled to find direction.
The December jobs report will be front and center on Friday along with consumer sentiment data set for release later in the day. National Economic Council Director Larry Kudlow is also scheduled to speak with CNBC on Friday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Short if market failed to support above 8313.25. Targets are 8273.25, 8240.25 and 8220.25.
Plan B : Long if market retraced but supported firm above 8313.25. Targets are 8353.25, 8280.25 and 8413.50.
HSI
The Hong Kong stock market rose on Thursday on expectations that Beijing and Washington would reach a trade deal to avert fresh tariffs, but gains were capped by lingering concerns over mixed signals from U.S. President Donald Trump.
The Hang Seng index closed up 0.6% at 26,217.04 points.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Above 26539, do nothing
Plan B : Below 26069, do nothing
Plan C : Attempt to short if market still does not breach above 26395
Plan D : Cut above 26480
Plan E : Consider to long if market stays firm above 26069
Plan F : Cut below 25960
Gold
Gold edged higher on Wednesday as uncertainty emerging from mixed messages on the U.S-China trade negotiations offset headwinds from positive economic data out of the United States, while deficit-hit palladium extended a record surge.
Spot gold was up 0.27% at $1,478.14 per ounce, having hit its highest since Nov. 7 at $1,484 the previous day. U.S. gold futures rose 0.22% to $1,483.1.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Long if market supported firm above 1478.80. Targets are 1483.50, 1489.20 and 1493.50.
Plan B : Short if market failed to support above 1478.80. Targets are 1473.50, 1468.90 and 1463.90.
WTI Crude Oil
Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March.
WTI Oil futures fell 14 cents, or 0.2%, to $58.29 a barrel. They hit $59.12 a barrel on Thursday, the highest since the end of September.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Long if market retraced but supported firm above 58.17. Targets are 58.60, 59.20 and 59.55.
Plan B : Short is market failed to support above 58.17. Targets are 57.70, 57.19 and 56.72.
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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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
