FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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U.S. stock index futures slipped on Tuesday as investors stayed on the sidelines ahead of a looming U.S. tariff deadline on Chinese goods that could possibly derail any progress made in trade talks between the world’s top two economies.
Wall Street is focused on Dec. 15, when the next round of U.S. levies on Chinese imports such as mobile phones and toys is scheduled to take effect.
Plan A : Continue to hold long if market stays firm above 27905. Targets are 27930, 27965, and 28005.
Plan B : Cut below 27875.
Plan C : Consider to short if market falls below 27905. Targets are 27870, 27835 and 27805.
Plan D : Cut above 27935.
Wall Street struggled for direction for most of the session as a key deadline loomed for U.S.-China trade talks. The S&P 500 fell 0.11% to end the day at 3,132.52.
National Economic Council Director Larry Kudlow said Sunday’s tariffs are still on the table. Bottom line, the mixed news around trade prevented investors from taking the market in one definitive direction on Tuesday. Investors will need more clarity on the trade situation before the market can resume its record-setting rally.
The Federal Reserve will deliver its latest decision on monetary policy on Wednesday. The central bank is largely expected to keep rates unchanged. Inflation data, along with Lululemon earnings, are also on deck.
Plan A : Short if market failed to support above 3123.25. Targets are 3108.25, 3097.25 and 3085.50.
Plan B : Long if market supported firm above 3123.25. Targets are 3138.50, 3147.25 and 3156.25.
Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment. The Nasdaq Composite dipped 0.07% to end the day at 8,616.18, dragged down by Netflix.
China and the U.S. have until Sunday to come strike a so-called phase one trade deal. If an agreement wasn’t reached by then, new U.S. tariffs will take effect.
Plan A : Short if market failed to support above 8340.25. Targets are 8301.25, 8269.25 and 8242.50.
Plan B : Long if market supported firm above 8340.25. Targets are 8375.25, 8404.25 and 8436.25.
HSI
Hong Kong shares finished lower on Tuesday as investors waited to see if the United States would slap fresh tariffs on Chinese goods this weekend, a move that was likely to complicate efforts to defuse the protracted trade war.
The Hang Seng index ended 0.2% lower at 26,436.62.
WTI Crude
Oil prices inched up on Tuesday as OPEC's deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook.
Plan A : Remain buy as long as oil price stays firm above 58.8
Plan B : Exit below 58.5
Plan C : Consider selling if oil price fails to breach above 59.16
Plan D : Cut above 59.52
Gold
Gold got a lift from uncertainties surrounding U.S.-China trade talks ahead of a Dec. 15 deadline and a weaker dollar.
Plan A : Remain buy as long as gold price stays firm above 1457.3
Plan B : Exit below 1453.5
Plan C : Consider selling if gold price surges but fails to breach above 1465
Plan D : Cut above 1468.9
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
U.S. stock index futures slipped on Tuesday as investors stayed on the sidelines ahead of a looming U.S. tariff deadline on Chinese goods that could possibly derail any progress made in trade talks between the world’s top two economies.
Wall Street is focused on Dec. 15, when the next round of U.S. levies on Chinese imports such as mobile phones and toys is scheduled to take effect.
Plan A : Continue to hold long if market stays firm above 27905. Targets are 27930, 27965, and 28005.
Plan B : Cut below 27875.
Plan C : Consider to short if market falls below 27905. Targets are 27870, 27835 and 27805.
Plan D : Cut above 27935.
Wall Street struggled for direction for most of the session as a key deadline loomed for U.S.-China trade talks. The S&P 500 fell 0.11% to end the day at 3,132.52.
National Economic Council Director Larry Kudlow said Sunday’s tariffs are still on the table. Bottom line, the mixed news around trade prevented investors from taking the market in one definitive direction on Tuesday. Investors will need more clarity on the trade situation before the market can resume its record-setting rally.
The Federal Reserve will deliver its latest decision on monetary policy on Wednesday. The central bank is largely expected to keep rates unchanged. Inflation data, along with Lululemon earnings, are also on deck.
Plan A : Short if market failed to support above 3123.25. Targets are 3108.25, 3097.25 and 3085.50.
Plan B : Long if market supported firm above 3123.25. Targets are 3138.50, 3147.25 and 3156.25.
Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment. The Nasdaq Composite dipped 0.07% to end the day at 8,616.18, dragged down by Netflix.
China and the U.S. have until Sunday to come strike a so-called phase one trade deal. If an agreement wasn’t reached by then, new U.S. tariffs will take effect.
Plan A : Short if market failed to support above 8340.25. Targets are 8301.25, 8269.25 and 8242.50.
Plan B : Long if market supported firm above 8340.25. Targets are 8375.25, 8404.25 and 8436.25.
HSI
Hong Kong shares finished lower on Tuesday as investors waited to see if the United States would slap fresh tariffs on Chinese goods this weekend, a move that was likely to complicate efforts to defuse the protracted trade war.
The Hang Seng index ended 0.2% lower at 26,436.62.
WTI Crude
Oil prices inched up on Tuesday as OPEC's deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook.
Plan A : Remain buy as long as oil price stays firm above 58.8
Plan B : Exit below 58.5
Plan C : Consider selling if oil price fails to breach above 59.16
Plan D : Cut above 59.52
Gold
Gold got a lift from uncertainties surrounding U.S.-China trade talks ahead of a Dec. 15 deadline and a weaker dollar.
Plan A : Remain buy as long as gold price stays firm above 1457.3
Plan B : Exit below 1453.5
Plan C : Consider selling if gold price surges but fails to breach above 1465
Plan D : Cut above 1468.9
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.