Where Futures Lies
Daily Futures Trading Strategy 17 March 2020
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street looked set to crater on Monday after the Federal Reserve’s aggressive move to cut interest rates to nearly zero heightened fears of the economy tipping into a coronavirus-driven recession.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain short as long as market stays below 20995. Targets are 20960, 20920 and 20875.
Plan B : Cut above 21030.
Plan C : Attempt to long only if market rebounds from 20995. Targets are 21030, 21070 and 21115.
Plan D : Cut below 20960.
E-Mini S&P 500
Stocks fell sharply on Monday — with the Dow suffering its worst day since the “Black Monday” market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.
The Dow closed 2,997.10 points lower, or 12.93%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. The S&P 500 dropped 11.98% to 2,386.13 — hitting its lowest level since December 2018 — while the Nasdaq Composite closed 12.32% lower at 6,904.59 in its worst day ever.
“The markets are getting no break with yesterday’s historic Fed actions and COVID-19 dominating the world’s headlines,” Frank Cappelleri, executive director at Instinet, said in a note. “While the news continues to worsen and with the price action doing things we’ve only seen a handful of other times in the last century, it’s nearly impossible to keep things in perspective.”
“We can’t argue the facts, and we’re dealing with a much bigger issue than just the economy,” Cappelleri said.
The major averages fell to their lows into the close after President Donald Trump said the worst of the outbreak could last until August. He also told reporters the U.S. “may be” heading into a recession.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Long if market supported firm above 2406.25. Targets are 2428.25, 2442.50 and 2458.75.
Plan B : Short if market failed to support above 2406.25. Targets are 2381.25, 2365.50 and 2342.75.
Plan C : Short if market rebounded but resisted around 2452.25. Targets are 2427.25, 2409.50 and 2389.25
E-Mini Nasdaq
Stock futures were higher Tuesday morning after Wall Street suffered massive losses on Monday amid concerns over the economic impact from the coronavirus outbreak.
At around 4:30 a.m. ET, Dow Jones Industrial Average futures rose 800 points, indicating an implied open of more than 1,000 points. S&P 500 and Nasdaq 100 futures were also higher.
Earlier in the session, futures contracts tied to the S&P 500, Dow Jones Industrial Average and Nasdaq 100 hit their upside limit, triggering a halt. In non-U.S. trading hours, stock futures are halted if they hit their downside or upside limits, pinning those contracts to their upper or lower bounds. The halt is meant to ensure that opening trade is orderly and not emotional.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Long if market supported firm above 7277.25. Targets are 7305.25, 7327.25 and 7350.75.
Plan B : Short if market failed to support above 7277.25. Targets are 7238.25, 7208.25 and 7176.25.
HSI
Hong Kong’s central bank cut rates and the level of capital buffers it requires financial institutions to hold to 1% from 2% of their risk-weighted assets on Monday, to help companies and lenders weather the impact of the coronavirus outbreak.
Hong Kong’s Hang Seng index tumbled 4%.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain short if market stays below 21200. Targets are 21095 and 20950. Cut above 21360.
Plan B : Long only if market tested and rebounds from 21220. Targets are 21305 and 21390. Cut below 21135.
WTI Crude
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain sell as long as oil price stays below 30.1
Plan B : Cut above 31.0
Plan C : Consider buying if oil price holds resiliently above 28.9
Plan D : Cut below 28.2
Gold
Gold has been swept up in the broad market sell-off to fall below $1,500 on Monday, down $200 from its peak early last week.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Attempt buy if gold price trades firmly above 1498.8
Plan B : Cut below 1492
Plan C : Consider selling if gold price recovers but fails to breach and hold firm above 1513.7
Plan D : Cut above 1518
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.
E-Mini Dow
Wall Street looked set to crater on Monday after the Federal Reserve’s aggressive move to cut interest rates to nearly zero heightened fears of the economy tipping into a coronavirus-driven recession.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain short as long as market stays below 20995. Targets are 20960, 20920 and 20875.
Plan B : Cut above 21030.
Plan C : Attempt to long only if market rebounds from 20995. Targets are 21030, 21070 and 21115.
Plan D : Cut below 20960.
E-Mini S&P 500
Stocks fell sharply on Monday — with the Dow suffering its worst day since the “Black Monday” market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.
The Dow closed 2,997.10 points lower, or 12.93%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. The S&P 500 dropped 11.98% to 2,386.13 — hitting its lowest level since December 2018 — while the Nasdaq Composite closed 12.32% lower at 6,904.59 in its worst day ever.
“The markets are getting no break with yesterday’s historic Fed actions and COVID-19 dominating the world’s headlines,” Frank Cappelleri, executive director at Instinet, said in a note. “While the news continues to worsen and with the price action doing things we’ve only seen a handful of other times in the last century, it’s nearly impossible to keep things in perspective.”
“We can’t argue the facts, and we’re dealing with a much bigger issue than just the economy,” Cappelleri said.
The major averages fell to their lows into the close after President Donald Trump said the worst of the outbreak could last until August. He also told reporters the U.S. “may be” heading into a recession.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Long if market supported firm above 2406.25. Targets are 2428.25, 2442.50 and 2458.75.
Plan B : Short if market failed to support above 2406.25. Targets are 2381.25, 2365.50 and 2342.75.
Plan C : Short if market rebounded but resisted around 2452.25. Targets are 2427.25, 2409.50 and 2389.25
E-Mini Nasdaq
Stock futures were higher Tuesday morning after Wall Street suffered massive losses on Monday amid concerns over the economic impact from the coronavirus outbreak.
At around 4:30 a.m. ET, Dow Jones Industrial Average futures rose 800 points, indicating an implied open of more than 1,000 points. S&P 500 and Nasdaq 100 futures were also higher.
Earlier in the session, futures contracts tied to the S&P 500, Dow Jones Industrial Average and Nasdaq 100 hit their upside limit, triggering a halt. In non-U.S. trading hours, stock futures are halted if they hit their downside or upside limits, pinning those contracts to their upper or lower bounds. The halt is meant to ensure that opening trade is orderly and not emotional.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Long if market supported firm above 7277.25. Targets are 7305.25, 7327.25 and 7350.75.
Plan B : Short if market failed to support above 7277.25. Targets are 7238.25, 7208.25 and 7176.25.
HSI
Hong Kong’s central bank cut rates and the level of capital buffers it requires financial institutions to hold to 1% from 2% of their risk-weighted assets on Monday, to help companies and lenders weather the impact of the coronavirus outbreak.
Hong Kong’s Hang Seng index tumbled 4%.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain short if market stays below 21200. Targets are 21095 and 20950. Cut above 21360.
Plan B : Long only if market tested and rebounds from 21220. Targets are 21305 and 21390. Cut below 21135.
WTI Crude
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Remain sell as long as oil price stays below 30.1
Plan B : Cut above 31.0
Plan C : Consider buying if oil price holds resiliently above 28.9
Plan D : Cut below 28.2
Gold
Gold has been swept up in the broad market sell-off to fall below $1,500 on Monday, down $200 from its peak early last week.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.
Plan A : Attempt buy if gold price trades firmly above 1498.8
Plan B : Cut below 1492
Plan C : Consider selling if gold price recovers but fails to breach and hold firm above 1513.7
Plan D : Cut above 1518
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
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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....
