Where Futures Lies
Daily Futures Trading Strategy 10 February 2020
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stock futures fell on Sunday after China’s death toll from the coronavirus outbreak exceeded the global total from the SARS epidemic and as authorities prepared for millions of people to return to work after an extended Lunar New Year break.
Investors, carefully monitoring the virus with concerns about the global economic impact, had pushed Wall Street lower on Friday.
China reported that the total number of coronavirus deaths on the mainland reached 908 as of the end of Sunday with 97 new deaths, compared with 89 on Saturday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Attempt to short if market falls below 29026. Targets are 28995, 28955 and 28910.
Plan B : Cut above 29060.
Plan C : Continue to long if market tested and rebounds from 29026. Targets are 29055, 29095 and 29145.
Plan D : Cut above 28990.
E-Mini S&P 500
Stocks fell on Friday as worries over the coronavirus’ impact on the Chinese economy outweighed the release of stronger-than-expected U.S. jobs data.
The Dow Jones Industrial Average closed 277.26 points lower, or nearly 1%, to 29,102.51. The S&P 500 dipped 0.54% to 3,327.71. The Nasdaq Composite also slid 0.54% to close at 9,520.51. Those losses snapped a four-day winning streak for the major average. Still, stocks notched strong weekly gains despite Friday’s losses.
China’s National Health Commission on Friday confirmed 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths. These numbers have stoked worries about how China’s economy — the second-largest in the world — will be affected. Chinese economic slowed down last year to 6.1% from 6.8% in 2018.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market supported firm above 3326.25. Targets are 3341.25, 3352.50 and 3359.75.
Plan B : Short if market failed to support above 3326.25. Targets are 3311.25, 3299.75 and 3289.25.
E-Mini Nasdaq
The major averages fell for the first time in five sessions amid worries the Chinese economy could suffer a significant economic slowdown because of the coronavirus outbreak. Ed Hyman of Evercore ISI sees Chinese GDP growth of zero in the first quarter. JPMorgan expects the second-largest economy in the world to expand by just 1% in the first three months of 2020. Not even a much stronger-than-expected jobs report could outweigh those concerns. Still, the major averages posted solid weekly gains.
Caterpillar and Boeing — two bellwether stocks for the global economy — fell 2.8% and 1.6%, respectively. Disney and Goldman Sachs also dropped more than 1% each to pressure the Dow. Materials, tech and health care led the S&P 500 lower as each sector declined by at least 0.9%.
Investors will keep an eye for any updates on the coronavirus.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market doesn't retrace much but supported firm above 9395.25. Targets are 9426.25, 9442.25 and 9465.25.
Plan B : Short if market failed to support above 9395.25. Targets are 9358.75, 9328.25 and 9298.25.
HSI
Hong Kong’s stocks fell on Friday as the spreading coronavirus prompted local residents to hoard goods and an Airline to slash jobs, but the market nevertheless recorded its best week since December amid hopes that Beijing will do more to support growth.
At the close of trade, the Hang Seng index was down 0.3% at 27,404.27. But the index rose 4.1% week-on-week, its largest weekly jump since mid-December of last year.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Above 27417, do nothing.
Plan B : Below 26456, do nothing.
Plan C : Consider to short if market opens below 27109.
Plan D : Cut above 27185.
Plan E : Attempt to long if market declines but does not breaks below 26777.
Plan F : Cut below 26700.
WTI Crude
Oil prices shed more than 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Attempt sell if oil price stays below 50.3
Plan B : Cut above 50.6
Plan C : Consider buying if oil price holds resiliently above 49.8
Plan D : Cut below 49.5
Gold
Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong U.S. economic data.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Remain buy as long as gold price stays firm above 1560
Plan B : Cut below 1556.7
Plan C : Consider selling if gold price surges but fails to breach above 1580
Plan D : Cut above 1583
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
E-Mini Dow
U.S. stock futures fell on Sunday after China’s death toll from the coronavirus outbreak exceeded the global total from the SARS epidemic and as authorities prepared for millions of people to return to work after an extended Lunar New Year break.
Investors, carefully monitoring the virus with concerns about the global economic impact, had pushed Wall Street lower on Friday.
China reported that the total number of coronavirus deaths on the mainland reached 908 as of the end of Sunday with 97 new deaths, compared with 89 on Saturday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Attempt to short if market falls below 29026. Targets are 28995, 28955 and 28910.
Plan B : Cut above 29060.
Plan C : Continue to long if market tested and rebounds from 29026. Targets are 29055, 29095 and 29145.
Plan D : Cut above 28990.
E-Mini S&P 500
Stocks fell on Friday as worries over the coronavirus’ impact on the Chinese economy outweighed the release of stronger-than-expected U.S. jobs data.
The Dow Jones Industrial Average closed 277.26 points lower, or nearly 1%, to 29,102.51. The S&P 500 dipped 0.54% to 3,327.71. The Nasdaq Composite also slid 0.54% to close at 9,520.51. Those losses snapped a four-day winning streak for the major average. Still, stocks notched strong weekly gains despite Friday’s losses.
China’s National Health Commission on Friday confirmed 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths. These numbers have stoked worries about how China’s economy — the second-largest in the world — will be affected. Chinese economic slowed down last year to 6.1% from 6.8% in 2018.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market supported firm above 3326.25. Targets are 3341.25, 3352.50 and 3359.75.
Plan B : Short if market failed to support above 3326.25. Targets are 3311.25, 3299.75 and 3289.25.
E-Mini Nasdaq
The major averages fell for the first time in five sessions amid worries the Chinese economy could suffer a significant economic slowdown because of the coronavirus outbreak. Ed Hyman of Evercore ISI sees Chinese GDP growth of zero in the first quarter. JPMorgan expects the second-largest economy in the world to expand by just 1% in the first three months of 2020. Not even a much stronger-than-expected jobs report could outweigh those concerns. Still, the major averages posted solid weekly gains.
Caterpillar and Boeing — two bellwether stocks for the global economy — fell 2.8% and 1.6%, respectively. Disney and Goldman Sachs also dropped more than 1% each to pressure the Dow. Materials, tech and health care led the S&P 500 lower as each sector declined by at least 0.9%.
Investors will keep an eye for any updates on the coronavirus.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Long if market doesn't retrace much but supported firm above 9395.25. Targets are 9426.25, 9442.25 and 9465.25.
Plan B : Short if market failed to support above 9395.25. Targets are 9358.75, 9328.25 and 9298.25.
HSI
Hong Kong’s stocks fell on Friday as the spreading coronavirus prompted local residents to hoard goods and an Airline to slash jobs, but the market nevertheless recorded its best week since December amid hopes that Beijing will do more to support growth.
At the close of trade, the Hang Seng index was down 0.3% at 27,404.27. But the index rose 4.1% week-on-week, its largest weekly jump since mid-December of last year.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Above 27417, do nothing.
Plan B : Below 26456, do nothing.
Plan C : Consider to short if market opens below 27109.
Plan D : Cut above 27185.
Plan E : Attempt to long if market declines but does not breaks below 26777.
Plan F : Cut below 26700.
WTI Crude
Oil prices shed more than 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Attempt sell if oil price stays below 50.3
Plan B : Cut above 50.6
Plan C : Consider buying if oil price holds resiliently above 49.8
Plan D : Cut below 49.5
Gold
Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong U.S. economic data.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Remain buy as long as gold price stays firm above 1560
Plan B : Cut below 1556.7
Plan C : Consider selling if gold price surges but fails to breach above 1580
Plan D : Cut above 1583
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.
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
