FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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The Dow Jones posted its biggest weekly percentage gain since 1938, thanks to the record $2.2 trillion in aid agreed by officials.
Plan A : Attempt to short if market does not breach above 22658. Targets are 22625, 22585 and 22540.
Plan B : Cut above 22695.
Plan C : Long only if market rebounds from 22175. Targets are 22210, 22250 and 22295.
Plan D : Cut below 22140.
Stocks rose on Monday, building on a strong rally from last week as the U.S. extended measures to contain the coronavirus outbreak.
The Dow was up 690.70 points, or 3.2%, at 22,327.48. The S&P 500 climbed 3.4% to 2,626.65 while the Nasdaq Composite closed 3.6% higher at 7,774.15. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 3.3% and 3.4%, respectively.
The Dow is now up 20% from its coronavirus sell-off low reached on Monday while the S&P 500 has risen more than 17% from those levels. The Nasdaq has bounced more than 13%.
Plan A : Short if market rebounded but resisted around 2655.25. Targets are 2630.25, 2609.50 and 2590.25.
Plan B : Long if market supported firm above 2655.25. Targets are 2674.25, 2694.25 and 2711.75.
Plan C : Short if market failed to support above 2608.25. Targets are 2587.25, 2569.25 and 2550.75.
Plan D : Long if market doesn't retrace much and supported firm above 2608.25. Targets are 2633.25, 2652.75 and 2670.25.
Stock futures were positive in choppy trading early Tuesday morning, following the market’s rebound from its deep rout triggered by the coronavirus pandemic.
At 4:35 a.m. ET, futures on the Dow were 162 points higher, pointing to an implied opening rise of more than 136 points at Tuesday’s open. S&P 500 futures and Nasdaq-100 futures also pointed to opening gains for the two indexes.
The overnight action followed a strong session on Wall Street, with the Dow jumping nearly 700 points led by an 8% pop in Johnson & Johnson after it announced a vaccine candidate for the coronavirus. The S&P 500 rallied 3.4%.
Investors embraced a more realistic government approach to contain the pandemic. President Donald Trump extended the timeline for social distancing guidelines to April 30, which many believe will reduce economic damage in the long run.
Plan A : Short if market failed to support above 7884.25. Targets are 7850.25, 7821.75 and 7789.25.
Plan B : Long if market doesn't retrace much but supported firm above 7884.25. Targets are 7915.25, 7946.50 and 7979.75.
HSI
Hong Kong stocks settled lower on Monday as investors braced for a deep recession in the global economy with more countries tightening or imposing lockdowns to contain the spread of the coronavirus outbreak.
At the close of trade, the Hang Seng index was down 309.17 points, or 1.32%, at 23,175.11.
Plan A : Consider to short if market does not breach above 23695. Targets are 23610 and 23485. Cut above 23815.
Plan B : Long if market rebounds from 23265. Targets are 23350 and 23465. Cut below 23180.
WTI Crude
U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production.
Plan A : Attempt buy only if oil price able to trade firmly above 20.3
Plan B : Cut below 19.3
Plan C : Consider selling if oil price recovers but fails to breach above 21.2
Plan D : Cut above 22.0
Gold
Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets.
Plan A : Attempt sell if gold trades consistently below 1624.3
Plan B : Cut above 1635.3
Plan C : Consider buying if gold price able to hold firmly above 1610.0
Plan D : Cut below 1606.0
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.
The Dow Jones posted its biggest weekly percentage gain since 1938, thanks to the record $2.2 trillion in aid agreed by officials.
Plan A : Attempt to short if market does not breach above 22658. Targets are 22625, 22585 and 22540.
Plan B : Cut above 22695.
Plan C : Long only if market rebounds from 22175. Targets are 22210, 22250 and 22295.
Plan D : Cut below 22140.
Stocks rose on Monday, building on a strong rally from last week as the U.S. extended measures to contain the coronavirus outbreak.
The Dow was up 690.70 points, or 3.2%, at 22,327.48. The S&P 500 climbed 3.4% to 2,626.65 while the Nasdaq Composite closed 3.6% higher at 7,774.15. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 3.3% and 3.4%, respectively.
The Dow is now up 20% from its coronavirus sell-off low reached on Monday while the S&P 500 has risen more than 17% from those levels. The Nasdaq has bounced more than 13%.
Plan A : Short if market rebounded but resisted around 2655.25. Targets are 2630.25, 2609.50 and 2590.25.
Plan B : Long if market supported firm above 2655.25. Targets are 2674.25, 2694.25 and 2711.75.
Plan C : Short if market failed to support above 2608.25. Targets are 2587.25, 2569.25 and 2550.75.
Plan D : Long if market doesn't retrace much and supported firm above 2608.25. Targets are 2633.25, 2652.75 and 2670.25.
Stock futures were positive in choppy trading early Tuesday morning, following the market’s rebound from its deep rout triggered by the coronavirus pandemic.
At 4:35 a.m. ET, futures on the Dow were 162 points higher, pointing to an implied opening rise of more than 136 points at Tuesday’s open. S&P 500 futures and Nasdaq-100 futures also pointed to opening gains for the two indexes.
The overnight action followed a strong session on Wall Street, with the Dow jumping nearly 700 points led by an 8% pop in Johnson & Johnson after it announced a vaccine candidate for the coronavirus. The S&P 500 rallied 3.4%.
Investors embraced a more realistic government approach to contain the pandemic. President Donald Trump extended the timeline for social distancing guidelines to April 30, which many believe will reduce economic damage in the long run.
Plan A : Short if market failed to support above 7884.25. Targets are 7850.25, 7821.75 and 7789.25.
Plan B : Long if market doesn't retrace much but supported firm above 7884.25. Targets are 7915.25, 7946.50 and 7979.75.
HSI
Hong Kong stocks settled lower on Monday as investors braced for a deep recession in the global economy with more countries tightening or imposing lockdowns to contain the spread of the coronavirus outbreak.
At the close of trade, the Hang Seng index was down 309.17 points, or 1.32%, at 23,175.11.
Plan A : Consider to short if market does not breach above 23695. Targets are 23610 and 23485. Cut above 23815.
Plan B : Long if market rebounds from 23265. Targets are 23350 and 23465. Cut below 23180.
WTI Crude
U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production.
Plan A : Attempt buy only if oil price able to trade firmly above 20.3
Plan B : Cut below 19.3
Plan C : Consider selling if oil price recovers but fails to breach above 21.2
Plan D : Cut above 22.0
Gold
Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets.
Plan A : Attempt sell if gold trades consistently below 1624.3
Plan B : Cut above 1635.3
Plan C : Consider buying if gold price able to hold firmly above 1610.0
Plan D : Cut below 1606.0
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.