FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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U.S. stock index futures rose on Friday on hopes that the United States and China could reach an initial deal to end their trade war after Washington set its terms for an agreement, just days before fresh levies on Chinese goods kick in.
Plan A : Continue to long if market stays firm above 28088. Targets are 28125, 28160 and 28200.
Plan B : Cut below 28055.
Plan C : Consider to short if market tested but fails to breach above 28202. Targets are 28170, 28135 and 28090.
Plan D : Cut above 28230.
The S&P 500 climbed 0.01% to 3,168.80. Stocks capped a solid week of gains with small moves as investors digested the details of a phase one trade deal between China and the U.S.
Apple shares rose 1.36% and reached an all-time high after news of the U.S.-China trade deal broke. Adobe shares gained 3.92% and were among the best-performing S&P 500 stocks.
The Empire State manufacturing survey for November is set for release Monday. Investors will also look out for the NAHB housing market index.
Plan A : Short if market failed to support above 3173.25. Targets are 3158.25, 3146.50 and 3139.75.
Plan B : Long if market retraced but supported firm above 3173.25. Targets are 3188.50, 3199.25 and 3208.75.
Stocks were little changed on Friday after China and the U.S. agreed to a phase one trade deal as investors concluded a solid week of gains.
The Nasdaq Composite gained 0.2% to 8,734.88. Earlier in the day, the major averages hit record highs.
Chinese and U.S. officials confirmed that a so-called phase one trade deal had been reached by the world's largest economies. The deal includes an increase in U.S. agricultural purchases by the Chinese while the U.S. agreed to hold off on additional levies scheduled for Sunday. The U.S. would also roll back some existing tariffs.
Friday’s muted performance comes as some investors perhaps expected something more from the much-anticipated deal. To be sure, the agreement does quell fears of a near-term escalation on the trade front which could lift stock prices to end 2019.
Plan A : Short if market failed to support above 8511.25. Targets are 8495.25, 8485.50 and 8477.25.
Plan B : Long if market retraced but supported firm above 8511.25. Targets are 8526.25, 8537.25 and 8547.25.
HSI
Hong Kong stock markets soared on reports the United States and China had agreed to reduce existing tariffs and delay ones set to take effect this weekend.
The United States has reached a “phase one” trade deal in principle with China, a source briefed on talks between the two nations told Reuters on Thursday, adding that a statement from the White House was expected soon.
WTI Crude
Oil rose on Friday to its highest level in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
Plan A : Remain buy as long as oil price stays firm above 59.3
Plan B : Exit below 58.9
Plan C : Consider selling if oil price surges but fails to breach above 60.4
Plan D : Cut above 60.8
Gold
Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world's biggest economy further boosted the metal's safe-haven appeal.
Plan A : Remain buy as long as gold price stays firm above 1468.9
Plan B : Exit below 1468
Plan C : Consider selling if gold price surges but fails to breach above 1478
Plan D : Cut above 1480.4
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 rose on Friday on hopes that the United States and China could reach an initial deal to end their trade war after Washington set its terms for an agreement, just days before fresh levies on Chinese goods kick in.
Plan A : Continue to long if market stays firm above 28088. Targets are 28125, 28160 and 28200.
Plan B : Cut below 28055.
Plan C : Consider to short if market tested but fails to breach above 28202. Targets are 28170, 28135 and 28090.
Plan D : Cut above 28230.
The S&P 500 climbed 0.01% to 3,168.80. Stocks capped a solid week of gains with small moves as investors digested the details of a phase one trade deal between China and the U.S.
Apple shares rose 1.36% and reached an all-time high after news of the U.S.-China trade deal broke. Adobe shares gained 3.92% and were among the best-performing S&P 500 stocks.
The Empire State manufacturing survey for November is set for release Monday. Investors will also look out for the NAHB housing market index.
Plan A : Short if market failed to support above 3173.25. Targets are 3158.25, 3146.50 and 3139.75.
Plan B : Long if market retraced but supported firm above 3173.25. Targets are 3188.50, 3199.25 and 3208.75.
Stocks were little changed on Friday after China and the U.S. agreed to a phase one trade deal as investors concluded a solid week of gains.
The Nasdaq Composite gained 0.2% to 8,734.88. Earlier in the day, the major averages hit record highs.
Chinese and U.S. officials confirmed that a so-called phase one trade deal had been reached by the world's largest economies. The deal includes an increase in U.S. agricultural purchases by the Chinese while the U.S. agreed to hold off on additional levies scheduled for Sunday. The U.S. would also roll back some existing tariffs.
Friday’s muted performance comes as some investors perhaps expected something more from the much-anticipated deal. To be sure, the agreement does quell fears of a near-term escalation on the trade front which could lift stock prices to end 2019.
Plan A : Short if market failed to support above 8511.25. Targets are 8495.25, 8485.50 and 8477.25.
Plan B : Long if market retraced but supported firm above 8511.25. Targets are 8526.25, 8537.25 and 8547.25.
HSI
Hong Kong stock markets soared on reports the United States and China had agreed to reduce existing tariffs and delay ones set to take effect this weekend.
The United States has reached a “phase one” trade deal in principle with China, a source briefed on talks between the two nations told Reuters on Thursday, adding that a statement from the White House was expected soon.
WTI Crude
Oil rose on Friday to its highest level in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
Plan A : Remain buy as long as oil price stays firm above 59.3
Plan B : Exit below 58.9
Plan C : Consider selling if oil price surges but fails to breach above 60.4
Plan D : Cut above 60.8
Gold
Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world's biggest economy further boosted the metal's safe-haven appeal.
Plan A : Remain buy as long as gold price stays firm above 1468.9
Plan B : Exit below 1468
Plan C : Consider selling if gold price surges but fails to breach above 1478
Plan D : Cut above 1480.4
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.