FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that rattled markets for nearly two years.
Plan A : Attempt to long if market stays firm above 28143. Targets are 28208, 28267 and 28292.
Plan B : Cut below 28120.
Plan C : Consider to short if market fails to breach above 28292. Targets are 28208, 28143 and 28070.
Plan D : Cut above 28310.
U.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a “phase one” trade deal, removing a key uncertainty for investors less than three weeks before the end of the year.
The S&P 500 closed higher by 0.86% at 3168.57 on Thursday. The S&P 500 was up 0.7% for the week through Thursday. Wall Street was already headed for solid weekly gains in anticipation of a deal ahead of the Sunday tariff deadline.
China and the U.S. agreed to a so-called phase one trade deal in principle, sources told CNBC. As part of the deal, the U.S. would scrap additional levies set to take effect on Sunday. The U.S. also proposed cutting tariffs on $360 billion in Chinese goods by up to 50%. One of the sources also told CNBC that President Donald Trump was focused on how much in U.S. agricultural products China would purchase.
Plan A : Long if market doesn't retraced much and supported firm above 3161.25. Targets are 3176.50, 3185.25 and 3192.25.
Plan B : Short if market failed to support above 3161.25. Targets are 3146.25, 3134.50 and 3125.75.
Stocks jumped on Thursday as sources tell CNBC a so-called phase one trade deal between the U.S. and China has been agreed to in principle.
The Nasdaq Composite also posted an all-time closing high, rising 0.73% to 8,717.32. All three of the major averages reached intraday records, their first since Nov. 27.
Plan A : Short if market failed to support above 8479.25. Targets are 8439.25, 8410.50 and 8380.25.
Plan B : Long if market doesn't retrace much and supported firm above 8479.25. Targets are 8519.50, 8545.50 and 8572.25.
HSI
Hong Kong shares on Thursday hit their highest close in more than three weeks, as investors sought bargains in IT and consumer stocks amid strength in the local currency.
WTI Crude
Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was "very close" to nailing down a trade deal with China.
Plan A : Remain buy as long as oil price stays firm above 58.94
Plan B : Exit below 58.75
Plan C : Consider selling if oil price fails to breach above 59.60
Plan D : Cut above 59.80
Gold
Gold retreated from an over one-month peak in a volatile session on Thursday after U.S. President Donald Trump said Washington was close to a trade deal with China, denting the safe haven metal's appeal.
Plan A : Sell if gold price trades consistently below 1468.9
Plan B : Cut above 1471.8
Plan C : Consider buying only if gold price able to climb and stays firm above 1468.9
Plan D : Cut below 1461.9
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
Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that rattled markets for nearly two years.
Plan A : Attempt to long if market stays firm above 28143. Targets are 28208, 28267 and 28292.
Plan B : Cut below 28120.
Plan C : Consider to short if market fails to breach above 28292. Targets are 28208, 28143 and 28070.
Plan D : Cut above 28310.
U.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a “phase one” trade deal, removing a key uncertainty for investors less than three weeks before the end of the year.
The S&P 500 closed higher by 0.86% at 3168.57 on Thursday. The S&P 500 was up 0.7% for the week through Thursday. Wall Street was already headed for solid weekly gains in anticipation of a deal ahead of the Sunday tariff deadline.
China and the U.S. agreed to a so-called phase one trade deal in principle, sources told CNBC. As part of the deal, the U.S. would scrap additional levies set to take effect on Sunday. The U.S. also proposed cutting tariffs on $360 billion in Chinese goods by up to 50%. One of the sources also told CNBC that President Donald Trump was focused on how much in U.S. agricultural products China would purchase.
Plan A : Long if market doesn't retraced much and supported firm above 3161.25. Targets are 3176.50, 3185.25 and 3192.25.
Plan B : Short if market failed to support above 3161.25. Targets are 3146.25, 3134.50 and 3125.75.
Stocks jumped on Thursday as sources tell CNBC a so-called phase one trade deal between the U.S. and China has been agreed to in principle.
The Nasdaq Composite also posted an all-time closing high, rising 0.73% to 8,717.32. All three of the major averages reached intraday records, their first since Nov. 27.
Plan A : Short if market failed to support above 8479.25. Targets are 8439.25, 8410.50 and 8380.25.
Plan B : Long if market doesn't retrace much and supported firm above 8479.25. Targets are 8519.50, 8545.50 and 8572.25.
HSI
Hong Kong shares on Thursday hit their highest close in more than three weeks, as investors sought bargains in IT and consumer stocks amid strength in the local currency.
WTI Crude
Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was "very close" to nailing down a trade deal with China.
Plan A : Remain buy as long as oil price stays firm above 58.94
Plan B : Exit below 58.75
Plan C : Consider selling if oil price fails to breach above 59.60
Plan D : Cut above 59.80
Gold
Gold retreated from an over one-month peak in a volatile session on Thursday after U.S. President Donald Trump said Washington was close to a trade deal with China, denting the safe haven metal's appeal.
Plan A : Sell if gold price trades consistently below 1468.9
Plan B : Cut above 1471.8
Plan C : Consider buying only if gold price able to climb and stays firm above 1468.9
Plan D : Cut below 1461.9
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.