FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Plan A : Attempt to short if market does not breach above 20780. Targets are 20745, 20705 and 20660.
Plan B : Cut above 20815.
Plan C : Consider to long only if market rebounds from 20315. Targets are 20350, 20390 and 20435.
Plan D : Cut below 20280.
Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill.
As of around 2:43 a.m. ET, futures on the Dow Jones Industrial Average rose 239 points, pointing to a gain of about 262 points at the Wednesday open. S&P 500 futures and Nasdaq-100 futures also pointed to gains for the indexes at the open on Wednesday.
The moves came after the White House and Senate leaders agreed on a massive $2 trillion coronavirus stimulus bill.
Plan A : Long if market retraced but supported firm above 2390.25. Targets are 2415.50, 2437.25 and 2452.75.
Plan B : Long if market doesn't retrace much and supported firm above 2461.25. Targets are 2486.25, 2508.75 and 2522.50.
Plan C : Short if market failed to support above 2390.25. Targets are 2365.25, 2348.25 and 2329.75.
Plan D : Short if market rebounded but failed to support above 2461.25. Targets are 2436.25, 2410.25 and 2390.25.
Ahead of the news, Dow futures had pointed to an opening fall of about 200 points, while S&P 500 and Nasdaq-100 futures also pointed to losses at the Wednesday open.
The action in the futures market followed an epic comeback on Wall Street. The Dow soared more than 2,100 points, or more than 11%, notching its biggest one-day percentage gain since 1933 and its best point increase ever. The S&P 500 rallied 9.4% for its best day since October 2008.
Plan A : Short if market rebounded and failed to support above 7567.25. Targets are 7525.25, 7496.50 and 7468.25.
Plan B : Short if market failed to support above 7504.25. Targets are 7464.25, 7430.25 and 7400.75.
Plan C : Long if market retraced but supported firm above 7504.25. Targets are 7544.50, 7580.25 and 7611.50.
Plan D : Long if market doesn't retraced much but supported firm above 7567.25. Targets are 7600.25, 7635.50 and 7662.25.
HSI
Hong Kong stocks rallied on Tuesday, following a broader Asia higher after the U.S. Federal Reserve rolled out a slew of support measures to ease a global cash crunch.
At the close of trade, the Hang Seng index was up 967.36 points or 4.46% at 22,663.49.
WTI Crude
Oil prices rose more than 3% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.
Plan A : Remain buy as long as oil price stays firm above 24.2
Plan B : Exit below 23.7
Plan C : Consider selling if oil price surges but fails to breach above 25.2
Plan D : Cut above 25.8
Gold
Futures contract tied to gold popped more than 5% on Tuesday, extending gains from a near 4% surge in the previous session, after the U.S. Federal Reserve's unprecedented measures to help an economy reeling from the coronavirus pandemic halted a rush for cash.
Plan A : Remain buy as long as gold price stays firm above 1624.3
Plan B : Exit below 1621.0
Plan C : Consider selling if gold price surges but fails to breach above 1644.8
Plan D : Cut above 1650.3
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.
Plan A : Attempt to short if market does not breach above 20780. Targets are 20745, 20705 and 20660.
Plan B : Cut above 20815.
Plan C : Consider to long only if market rebounds from 20315. Targets are 20350, 20390 and 20435.
Plan D : Cut below 20280.
Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill.
As of around 2:43 a.m. ET, futures on the Dow Jones Industrial Average rose 239 points, pointing to a gain of about 262 points at the Wednesday open. S&P 500 futures and Nasdaq-100 futures also pointed to gains for the indexes at the open on Wednesday.
The moves came after the White House and Senate leaders agreed on a massive $2 trillion coronavirus stimulus bill.
Plan A : Long if market retraced but supported firm above 2390.25. Targets are 2415.50, 2437.25 and 2452.75.
Plan B : Long if market doesn't retrace much and supported firm above 2461.25. Targets are 2486.25, 2508.75 and 2522.50.
Plan C : Short if market failed to support above 2390.25. Targets are 2365.25, 2348.25 and 2329.75.
Plan D : Short if market rebounded but failed to support above 2461.25. Targets are 2436.25, 2410.25 and 2390.25.
Ahead of the news, Dow futures had pointed to an opening fall of about 200 points, while S&P 500 and Nasdaq-100 futures also pointed to losses at the Wednesday open.
The action in the futures market followed an epic comeback on Wall Street. The Dow soared more than 2,100 points, or more than 11%, notching its biggest one-day percentage gain since 1933 and its best point increase ever. The S&P 500 rallied 9.4% for its best day since October 2008.
Plan A : Short if market rebounded and failed to support above 7567.25. Targets are 7525.25, 7496.50 and 7468.25.
Plan B : Short if market failed to support above 7504.25. Targets are 7464.25, 7430.25 and 7400.75.
Plan C : Long if market retraced but supported firm above 7504.25. Targets are 7544.50, 7580.25 and 7611.50.
Plan D : Long if market doesn't retraced much but supported firm above 7567.25. Targets are 7600.25, 7635.50 and 7662.25.
HSI
Hong Kong stocks rallied on Tuesday, following a broader Asia higher after the U.S. Federal Reserve rolled out a slew of support measures to ease a global cash crunch.
At the close of trade, the Hang Seng index was up 967.36 points or 4.46% at 22,663.49.
WTI Crude
Oil prices rose more than 3% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.
Plan A : Remain buy as long as oil price stays firm above 24.2
Plan B : Exit below 23.7
Plan C : Consider selling if oil price surges but fails to breach above 25.2
Plan D : Cut above 25.8
Gold
Futures contract tied to gold popped more than 5% on Tuesday, extending gains from a near 4% surge in the previous session, after the U.S. Federal Reserve's unprecedented measures to help an economy reeling from the coronavirus pandemic halted a rush for cash.
Plan A : Remain buy as long as gold price stays firm above 1624.3
Plan B : Exit below 1621.0
Plan C : Consider selling if gold price surges but fails to breach above 1644.8
Plan D : Cut above 1650.3
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.