FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Plan A : Continue to hold long as long as market stays firm above 28737. Targets are 28775, 28815 and 28860.
Plan B : Cut below 28705.
Plan C : Consider to short if market falls below 28730. Targets are 28700, 28665 and 28620.
Plan D : Cut above 28765.
E-Mini S&P 500
It was the first trading day of the new year and Wall Street picked up right where it left off in 2019. Chipmakers, which were among the best performers last year, outperformed once again on Thursday. The S&P 500 gained 0.84% to close at 3,257.85.
Overseas equities also rose after China cut its cash reserve requirements for banks, a move intended to further spur economic growth. To be sure, the market could be in for a tough ride in the first part of 2020 as the corporate earnings outlook did not improve between November and December.
The Federal Reserve will release the minutes from its December meeting. Construction spending numbers, along with data on the U.S. manufacturing sector are also set for release on Friday.
Plan A : Long if market supported firm above 3235.25. Targets are 3248.75, 3259.25 and 3267.50.
Plan B : Short if market failed to support above 3235.25. Targets are 3222.50, 3211.75 and 3201.25.
E-Mini Nasdaq
Stocks jumped to a record on the first trading day of 2020, and if the rally extends to the next four sessions, the market could be in for another good year going by an old Wall Street indicator.
The Nasdaq Composite advanced 1.33% to 9,092.19. The major averages notched record highs, led by semiconductor stocks.
Major markets in Asia were subdued on Friday as investors weighed the impact of an escalation in Middle East tensions.
Plan A : Long if market supported firm above 8798.25. Targets are 8835.25, 8865.50 and 8895.75.
Plan B : Short if market failed to support above 8798.25. Targets are 8760.50, 8732.50 and 8702.25.
HSI
The Hong Kong stock market rose on Thursday to its highest level since last July, fuelled by hopes that Beijing and Washington will sign a trade pact this month to end their bruising tariff war.
By the close of trade, the benchmark Hang Seng index was up 1.3% at 28,543.52 points, its highest since July 2019.
WTI Crude
Oil prices moved between gains and losses on Thursday before ending the day little changed amid signs of improving Washington-Beijing trade relations and rising tensions in the Middle East while a strong U.S. dollar put pressure on the commodity.
Plan A : Attempt sell if oil price stays below 61.28
Plan B : Cut above 61.60
Plan C : Consider buying if oil price test support at 60.82 and rebounds
Plan D : Cut below 60.82
Gold
Gold prices on Thursday began the year with a healthy start, boosted by doubts surrounding the strength of Wall Street's rally.
Plan A : Remain buy as long as gold price stays firm above 1514.2
Plan B : Exit below 1514.2
Plan C : Consider selling if gold price surges but fails to breach above 1530
Plan D : Cut above 1532
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
Plan A : Continue to hold long as long as market stays firm above 28737. Targets are 28775, 28815 and 28860.
Plan B : Cut below 28705.
Plan C : Consider to short if market falls below 28730. Targets are 28700, 28665 and 28620.
Plan D : Cut above 28765.
E-Mini S&P 500
It was the first trading day of the new year and Wall Street picked up right where it left off in 2019. Chipmakers, which were among the best performers last year, outperformed once again on Thursday. The S&P 500 gained 0.84% to close at 3,257.85.
Overseas equities also rose after China cut its cash reserve requirements for banks, a move intended to further spur economic growth. To be sure, the market could be in for a tough ride in the first part of 2020 as the corporate earnings outlook did not improve between November and December.
The Federal Reserve will release the minutes from its December meeting. Construction spending numbers, along with data on the U.S. manufacturing sector are also set for release on Friday.
Plan A : Long if market supported firm above 3235.25. Targets are 3248.75, 3259.25 and 3267.50.
Plan B : Short if market failed to support above 3235.25. Targets are 3222.50, 3211.75 and 3201.25.
E-Mini Nasdaq
Stocks jumped to a record on the first trading day of 2020, and if the rally extends to the next four sessions, the market could be in for another good year going by an old Wall Street indicator.
The Nasdaq Composite advanced 1.33% to 9,092.19. The major averages notched record highs, led by semiconductor stocks.
Major markets in Asia were subdued on Friday as investors weighed the impact of an escalation in Middle East tensions.
Plan A : Long if market supported firm above 8798.25. Targets are 8835.25, 8865.50 and 8895.75.
Plan B : Short if market failed to support above 8798.25. Targets are 8760.50, 8732.50 and 8702.25.
HSI
The Hong Kong stock market rose on Thursday to its highest level since last July, fuelled by hopes that Beijing and Washington will sign a trade pact this month to end their bruising tariff war.
By the close of trade, the benchmark Hang Seng index was up 1.3% at 28,543.52 points, its highest since July 2019.
WTI Crude
Oil prices moved between gains and losses on Thursday before ending the day little changed amid signs of improving Washington-Beijing trade relations and rising tensions in the Middle East while a strong U.S. dollar put pressure on the commodity.
Plan A : Attempt sell if oil price stays below 61.28
Plan B : Cut above 61.60
Plan C : Consider buying if oil price test support at 60.82 and rebounds
Plan D : Cut below 60.82
Gold
Gold prices on Thursday began the year with a healthy start, boosted by doubts surrounding the strength of Wall Street's rally.
Plan A : Remain buy as long as gold price stays firm above 1514.2
Plan B : Exit below 1514.2
Plan C : Consider selling if gold price surges but fails to breach above 1530
Plan D : Cut above 1532
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.