Where Futures Lies
Daily Futures Trading Strategy 9 April 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 index futures eked out gains on Wednesday on hopes that the coronavirus outbreak was nearing its peak in the United States, despite the country posting a record single-day jump of more than 1,800 deaths.
Volatility looked set to continue from the closing stages of Tuesday’s session, when a tumble in oil prices wiped out early gains in a market still feeding on regular doses of news on corporate layoffs, cutbacks and losses.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market does not breach above 23707. Targets are 23672, 23632 and 23585.
Plan B : Cut above 23742.
Plan C : Long if market stays firm above 23140. Targets are 23180 and 23225.
Plan D : Cut below 23105.
E-Mini S&P 500
U.S. stocks had surged on Wednesday fueled in part by Sen. Bernie Sanders dropping out of the presidential race, as well as hopes that the coronavirus outbreak may soon turn a corner.
The Dow gained 779.71 points, or 3.4%, to close at 23,433.57. It was the first time the 30-stock index closed above since 23,000 since March 13. The S&P 500 climbed 3.4% to 2,749.98 while the Nasdaq Composite advanced 2.6% to 8,090.90.
After Wednesday’s rally, the Dow is up 29% from its low and the Nasdaq Composite is down less than 10% this year.
On Thursday the Street will be watching weekly jobless claims, which will be released at 8:30am ET. Economists are expecting an increase of 5 million, which would build on the record-shattering prior two readings of 6.6 million and 3.3 million.
Economists forecast that the unemployment rate will jump into the teens this month, from March’s 4.4% level and the 3.5% it was at in February.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market failed to support above 2718.50. Targets are 2693.50, 2672.75 and 2653.25.
Plan B : Long if market doesn't retrace much and supported firm above 2718.50. Targets are 2743.25, 2762.50 and 2781.75.
E-Mini Nasdaq
Stock futures pointed to a little changed open on Thursday in early morning trading.
Futures on the Dow Jones Industrial Average rose 177 points, pointing to an opening gain of about 100 points on Thursday. S&P 500 futures and Nasdaq-100 futures pointed to small gains at the Thursday open for the two indexes.
Some of the sectors that have been hit the hardest since the pandemic began — such as airlines, casinos and cruise lines — also led markets higher.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market failed to support above 8184.50. Targets are 8143.75, 8110.25 and 8082.75.
Plan B : Long if market supported firm above 8184.50. Targets are 8224.25, 8252.25 and 8286.75.
HSI
Hong Kong shares ended lower on Wednesday as the city’s government extended social-distancing restrictions and as global investors tempered their optimism over the coronavirus pandemic amid a mounting global death toll.
At the close of trade, the Hang Seng index was down 282.92 points, or 1.17%, at 23,970.37.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market does not breach above 24605 Targets are 24510 and 24415. Cut above 24690.
Plan B : Long if market supported above 24101. Targets are 24186 and 24285. Cut below 24015.
WTI Crude
U.S. West Texas Intermediate crude surged as much as 12% in a sudden move toward the end of trading. The spike followed a report from Bloomberg that the oil minister of Algeria said OPEC and its allies, known as OPEC+, would discuss a massive cut that could reach 10 million barrels per day at its virtual meeting on Thursday, WTI jumped as much as 12% before paring some of those gains to settle 6.18% higher at $25.09.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Remain buy as long as oil price stays above 25.8
Plan B : Cut below 25.3
Plan C : Consider selling if oil price fails to breach and holds firm above 26.4
Plan D : Cut above 26.7
Gold
Gold prices held steady on Wednesday as investors awaited the release of minutes from the U.S. Federal Reserve's policy meeting, which is expected to provide further clues on stimulus measures amid rapid surge in coronavirus cases.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Attempt buy if gold price able to trade firmly above 1644.8
Plan B : Cut below 1639
Plan C : Consider selling if gold price surges but fails to breach above 1657.3
Plan D : Cut above 1661.3
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.
E-Mini Dow
U.S. stock index futures eked out gains on Wednesday on hopes that the coronavirus outbreak was nearing its peak in the United States, despite the country posting a record single-day jump of more than 1,800 deaths.
Volatility looked set to continue from the closing stages of Tuesday’s session, when a tumble in oil prices wiped out early gains in a market still feeding on regular doses of news on corporate layoffs, cutbacks and losses.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market does not breach above 23707. Targets are 23672, 23632 and 23585.
Plan B : Cut above 23742.
Plan C : Long if market stays firm above 23140. Targets are 23180 and 23225.
Plan D : Cut below 23105.
E-Mini S&P 500
U.S. stocks had surged on Wednesday fueled in part by Sen. Bernie Sanders dropping out of the presidential race, as well as hopes that the coronavirus outbreak may soon turn a corner.
The Dow gained 779.71 points, or 3.4%, to close at 23,433.57. It was the first time the 30-stock index closed above since 23,000 since March 13. The S&P 500 climbed 3.4% to 2,749.98 while the Nasdaq Composite advanced 2.6% to 8,090.90.
After Wednesday’s rally, the Dow is up 29% from its low and the Nasdaq Composite is down less than 10% this year.
On Thursday the Street will be watching weekly jobless claims, which will be released at 8:30am ET. Economists are expecting an increase of 5 million, which would build on the record-shattering prior two readings of 6.6 million and 3.3 million.
Economists forecast that the unemployment rate will jump into the teens this month, from March’s 4.4% level and the 3.5% it was at in February.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market failed to support above 2718.50. Targets are 2693.50, 2672.75 and 2653.25.
Plan B : Long if market doesn't retrace much and supported firm above 2718.50. Targets are 2743.25, 2762.50 and 2781.75.
E-Mini Nasdaq
Stock futures pointed to a little changed open on Thursday in early morning trading.
Futures on the Dow Jones Industrial Average rose 177 points, pointing to an opening gain of about 100 points on Thursday. S&P 500 futures and Nasdaq-100 futures pointed to small gains at the Thursday open for the two indexes.
Some of the sectors that have been hit the hardest since the pandemic began — such as airlines, casinos and cruise lines — also led markets higher.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market failed to support above 8184.50. Targets are 8143.75, 8110.25 and 8082.75.
Plan B : Long if market supported firm above 8184.50. Targets are 8224.25, 8252.25 and 8286.75.
HSI
Hong Kong shares ended lower on Wednesday as the city’s government extended social-distancing restrictions and as global investors tempered their optimism over the coronavirus pandemic amid a mounting global death toll.
At the close of trade, the Hang Seng index was down 282.92 points, or 1.17%, at 23,970.37.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Short if market does not breach above 24605 Targets are 24510 and 24415. Cut above 24690.
Plan B : Long if market supported above 24101. Targets are 24186 and 24285. Cut below 24015.
WTI Crude
U.S. West Texas Intermediate crude surged as much as 12% in a sudden move toward the end of trading. The spike followed a report from Bloomberg that the oil minister of Algeria said OPEC and its allies, known as OPEC+, would discuss a massive cut that could reach 10 million barrels per day at its virtual meeting on Thursday, WTI jumped as much as 12% before paring some of those gains to settle 6.18% higher at $25.09.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Remain buy as long as oil price stays above 25.8
Plan B : Cut below 25.3
Plan C : Consider selling if oil price fails to breach and holds firm above 26.4
Plan D : Cut above 26.7
Gold
Gold prices held steady on Wednesday as investors awaited the release of minutes from the U.S. Federal Reserve's policy meeting, which is expected to provide further clues on stimulus measures amid rapid surge in coronavirus cases.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
Plan A : Attempt buy if gold price able to trade firmly above 1644.8
Plan B : Cut below 1639
Plan C : Consider selling if gold price surges but fails to breach above 1657.3
Plan D : Cut above 1661.3
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.
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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....
