FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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The Dow surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.
The Dow gained 1,296.81 points, or 5.10%, to close at 26,706.17. The S&P 500 climbed 4.60% to 3,090.23. The Nasdaq Composite advanced 4.49% to 8,952.17. Monday’s rally recovered some of the sharp losses seen last week.
While the major averages staged a strong upside move on Monday, some market experts think downside volatility may return as news around the coronavirus show little signs of improving. More than 89,000 have been confirmed worldwide while deaths total more than 3,000. In the Seattle area, officials confirmed three new deaths, bringing the U.S. total to more than five. Overall, U.S. cases now total more than 90. Experts skeptical of Monday’s bounce also pointed out the economic data out of China was dismal. Bottom line: Don’t be surprised if Monday’s rally is short-lived.
Apple shares jumped 9.31% after an analyst at Oppenheimer upgraded the tech giant, calling the iPhone maker a “recurring revenue machine.” Amazon also contributed to the gains, advancing 3.73%.
Super Tuesday takes center stage as investors look for clarity on who will be the Democratic presidential nominee. Target, Kohl's and Nordstrom will report earnings on Tuesday.
Plan A : Long if market doesn't retrace much and supported firm above 3075.50. Targets are 3090.50, 3098.25 and 3110.75.
Plan B : Short if market failed to support above 3075.50. Targets are 3059.50, 3050.75 and 3039.25.
U.S. stock index futures were lower Tuesday morning, as investors sought to assess the potential economic fallout as a result of the fast-spreading coronavirus.
The pre-market moves come after a roaring comeback rally in the previous session that saw the Dow post its biggest percentage gain since March 2009. The index also recorded its largest-ever point surge on Monday.
As of 2:30 a.m. ET, the Dow Jones industrial average rose 99 points, indicating a negative open of more than 125 points. Futures on the S&P 500 and Nasdaq-100 were both slightly lower.
The sharp move downward came after a Reuters report that the Group of Seven industrial powers is expected to issue a statement Tuesday or Wednesday on countering the impact of the coronavirus outbreak.
Plan A : Long if market doesn't retrace much but supported firm above 8858.25. Targets are 8889.25, 8905.50 and 8928.75.
Plan B : Short if market failed to support above 8858.25. Targets are 8815.25, 8787.50 and 8755.25.
Hong Kong stocks rose on Monday, tracking gains in other Asian markets, as investors bet on more measures to prop up the economy threaten by the coronavirus outbreak.
WTI Crude
Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Plan A : Remain buy as long as oil price trades above 47.4
Plan B : Exit below 47.1
Plan C : Consider selling if oil price surges but fails to breach above 48.1
Plan D : Cut above 48.5
Gold
Gold rose nearly 1% on Monday after suffering its largest daily fall in nearly seven years, as expectations grew for policy easing by the U.S. Federal Reserve and other central banks to help boost the coronavirus-hit global economy.
Plan A : Attempt buy only if gold price trades firmly above 1591
Plan B : Cut below 1585
Plan C : Consider selling if gold price recovers but fails to hold firm above 1591
Plan D : Cut above 1599
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
The Dow surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.
The Dow gained 1,296.81 points, or 5.10%, to close at 26,706.17. The S&P 500 climbed 4.60% to 3,090.23. The Nasdaq Composite advanced 4.49% to 8,952.17. Monday’s rally recovered some of the sharp losses seen last week.
While the major averages staged a strong upside move on Monday, some market experts think downside volatility may return as news around the coronavirus show little signs of improving. More than 89,000 have been confirmed worldwide while deaths total more than 3,000. In the Seattle area, officials confirmed three new deaths, bringing the U.S. total to more than five. Overall, U.S. cases now total more than 90. Experts skeptical of Monday’s bounce also pointed out the economic data out of China was dismal. Bottom line: Don’t be surprised if Monday’s rally is short-lived.
Apple shares jumped 9.31% after an analyst at Oppenheimer upgraded the tech giant, calling the iPhone maker a “recurring revenue machine.” Amazon also contributed to the gains, advancing 3.73%.
Super Tuesday takes center stage as investors look for clarity on who will be the Democratic presidential nominee. Target, Kohl's and Nordstrom will report earnings on Tuesday.
Plan A : Long if market doesn't retrace much and supported firm above 3075.50. Targets are 3090.50, 3098.25 and 3110.75.
Plan B : Short if market failed to support above 3075.50. Targets are 3059.50, 3050.75 and 3039.25.
U.S. stock index futures were lower Tuesday morning, as investors sought to assess the potential economic fallout as a result of the fast-spreading coronavirus.
The pre-market moves come after a roaring comeback rally in the previous session that saw the Dow post its biggest percentage gain since March 2009. The index also recorded its largest-ever point surge on Monday.
As of 2:30 a.m. ET, the Dow Jones industrial average rose 99 points, indicating a negative open of more than 125 points. Futures on the S&P 500 and Nasdaq-100 were both slightly lower.
The sharp move downward came after a Reuters report that the Group of Seven industrial powers is expected to issue a statement Tuesday or Wednesday on countering the impact of the coronavirus outbreak.
Plan A : Long if market doesn't retrace much but supported firm above 8858.25. Targets are 8889.25, 8905.50 and 8928.75.
Plan B : Short if market failed to support above 8858.25. Targets are 8815.25, 8787.50 and 8755.25.
Hong Kong stocks rose on Monday, tracking gains in other Asian markets, as investors bet on more measures to prop up the economy threaten by the coronavirus outbreak.
WTI Crude
Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Plan A : Remain buy as long as oil price trades above 47.4
Plan B : Exit below 47.1
Plan C : Consider selling if oil price surges but fails to breach above 48.1
Plan D : Cut above 48.5
Gold
Gold rose nearly 1% on Monday after suffering its largest daily fall in nearly seven years, as expectations grew for policy easing by the U.S. Federal Reserve and other central banks to help boost the coronavirus-hit global economy.
Plan A : Attempt buy only if gold price trades firmly above 1591
Plan B : Cut below 1585
Plan C : Consider selling if gold price recovers but fails to hold firm above 1591
Plan D : Cut above 1599
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.