FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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U.S. stock index futures were nearly flat on Thursday as investors looked past the impeachment of President Donald Trump, who is unlikely to be removed from office.
On Wednesday, Trump became the third U.S. president to be impeached, but the Republican-controlled Senate is widely expected not to convict him. No U.S. president has been removed from office in the country’s 243-year history.
Plan A : Continue to long if market stays firm above 28310. Targets are 28345, 28380 and 28405.
Plan B : Cut below 28280.
Plan C : Consider to short if market falls below 28305. Targets are 28275, 28235 and 28190.
Plan D : Cut above 28335.
E-Mini S&P 500
The S&P 500 continued its strong run on Thursday, topping the 3,200 level for the first time, but one major strategist said the market may be going too far. The S&P 500 climbed 0.45% to 3,205.37.
Wall Street was able to look past President Donald Trump’s impeachment in the House since the odds of the Republican-led Senate convicting him are so slim. “It’s fairly obvious that there just not going to be a removal,” remarked one investor on Thursday.
Meanwhile, the disappointing jobless claims and business conditions data from the Philadelphia Federal Reserve did not deter investors from thinking the U.S. economy is still strong. Bottom line, the biggest obstacles the market faced throughout 2019 have subsided for now.
Plan A : Short if market failed to support above 3195.50. Targets are 3180.25, 3169.50 and 3157.75.
Plan B : Long if market retraced but supported firm above 3195.50. Targets are 3209.25, 3218.50 and 3225.25.
Stocks rose to all-time highs on Thursday as investors looked past the news of President Donald Trump’s impeachment by the House as well as mixed U.S. economic data.
The Nasdaq Composite gained 0.67% to end the day at 8,887.22.
Consumer spending data along with key inflation numbers are scheduled for release on Friday. CarMax and Carnival are also slated to report earnings.
Plan A : Short if market failed to support above 8641.50. Targets are 8602.25, 8573.75 and 8542.25.
Plan B : Long if market supported firm above 8641.50. Targets are 8679.50, 8708.25 and 8738.25
HSI
Hong Kong shares fell on Thursday as investors booked profits from the recent rally, and as investors wait for fresh data on the state of global growth.
The Hang Seng index closed down 83.72 points or 0.3% at 27,800.49. The benchmark has gained over 5.5% this month.
Gold
Gold prices held firm on Thursday as investors awaited further developments on U.S.-China trade, while political uncertainty in Washington failed to move markets across the board.
Spot gold was up 0.3% at $1,479.87 per ounce. U.S. gold futures settled 0.4% higher at $1,484.40 per ounce.
Plan A : Long if market supported firm above 1482.90. Targets are 1490.50 and 1496.10.
Plan B : Short if market failed to support above 1482.90. Targets are 1474.80, 1468.50.
WTI Crude
Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.
Brent futures were up 5 cents, or 0.08%, to 66.59 a barrel by 0242 GMT, while U.S. West Texas Intermediate crude was down 8 cents, or 0.13%, at $61.10 per barrel.
Plan A : Long if market supported firm above 60.96. Targets are 61.15 and 61.36.
Plan B : Short if market failed to support above 60.96. Targets are 60.81 and 60.70.
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 were nearly flat on Thursday as investors looked past the impeachment of President Donald Trump, who is unlikely to be removed from office.
On Wednesday, Trump became the third U.S. president to be impeached, but the Republican-controlled Senate is widely expected not to convict him. No U.S. president has been removed from office in the country’s 243-year history.
Plan A : Continue to long if market stays firm above 28310. Targets are 28345, 28380 and 28405.
Plan B : Cut below 28280.
Plan C : Consider to short if market falls below 28305. Targets are 28275, 28235 and 28190.
Plan D : Cut above 28335.
E-Mini S&P 500
The S&P 500 continued its strong run on Thursday, topping the 3,200 level for the first time, but one major strategist said the market may be going too far. The S&P 500 climbed 0.45% to 3,205.37.
Wall Street was able to look past President Donald Trump’s impeachment in the House since the odds of the Republican-led Senate convicting him are so slim. “It’s fairly obvious that there just not going to be a removal,” remarked one investor on Thursday.
Meanwhile, the disappointing jobless claims and business conditions data from the Philadelphia Federal Reserve did not deter investors from thinking the U.S. economy is still strong. Bottom line, the biggest obstacles the market faced throughout 2019 have subsided for now.
Plan A : Short if market failed to support above 3195.50. Targets are 3180.25, 3169.50 and 3157.75.
Plan B : Long if market retraced but supported firm above 3195.50. Targets are 3209.25, 3218.50 and 3225.25.
Stocks rose to all-time highs on Thursday as investors looked past the news of President Donald Trump’s impeachment by the House as well as mixed U.S. economic data.
The Nasdaq Composite gained 0.67% to end the day at 8,887.22.
Consumer spending data along with key inflation numbers are scheduled for release on Friday. CarMax and Carnival are also slated to report earnings.
Plan A : Short if market failed to support above 8641.50. Targets are 8602.25, 8573.75 and 8542.25.
Plan B : Long if market supported firm above 8641.50. Targets are 8679.50, 8708.25 and 8738.25
HSI
Hong Kong shares fell on Thursday as investors booked profits from the recent rally, and as investors wait for fresh data on the state of global growth.
The Hang Seng index closed down 83.72 points or 0.3% at 27,800.49. The benchmark has gained over 5.5% this month.
Gold
Gold prices held firm on Thursday as investors awaited further developments on U.S.-China trade, while political uncertainty in Washington failed to move markets across the board.
Spot gold was up 0.3% at $1,479.87 per ounce. U.S. gold futures settled 0.4% higher at $1,484.40 per ounce.
Plan A : Long if market supported firm above 1482.90. Targets are 1490.50 and 1496.10.
Plan B : Short if market failed to support above 1482.90. Targets are 1474.80, 1468.50.
WTI Crude
Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.
Brent futures were up 5 cents, or 0.08%, to 66.59 a barrel by 0242 GMT, while U.S. West Texas Intermediate crude was down 8 cents, or 0.13%, at $61.10 per barrel.
Plan A : Long if market supported firm above 60.96. Targets are 61.15 and 61.36.
Plan B : Short if market failed to support above 60.96. Targets are 60.81 and 60.70.
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.