Plan D : Cut below 24050.

Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.

The Dow fell 32.23 points, or 0.13%, to 24,101.55, the S&P 500 lost 15.09 points, or 0.52%, to 2,863.39 and the Nasdaq Composite dropped 122.43 points, or 1.4%, to 8,607.73.

Wall Street has recovered more than 30% from its March lows, thanks to aggressive stimulus efforts and, more recently, on signs of states moving toward partial reopening.

Still, the benchmark S&P 500 index remains 17% away from reclaiming a record high hit in February and analysts have warned of further declines if a deep global recession sets in.

Latest data showed U.S. consumer confidence tumbled in April as the lockdown measures crushed economic activity and threw millions of Americans out of work. Focus now turns to U.S. first-quarter GDP figures due Wednesday, with economists expecting a contraction of 4%.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.

Plan A : Long if market doesn't retrace much and supported firm above 2892.50. Targets are 2915.25, 2936.75 and 2958.75.

Plan B : Short if market failed to support above 2892.50. Targets are 2867.25, 2844.25 and 2825.50.

E-Mini Nasdaq

Futures on the Dow traded 144 points higher, implying a Wednesday opening gain of 193 points. S&P 500 and Nasdaq futures also pointed to Wednesday opening gains for the two indexes.

All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from corona virus crisis.

While no one is expecting any change to its benchmark interest rate, the Fed could potentially adjust the rate on bank reserves and announce asset purchases targeted toward driving down longer-term rates.

Another big market catalyst on Wednesday will be a reading on real gross domestic product at 8:30 a.m. ET. Economists surveyed by Dow Jones forecast the U.S. economy shrank by 3.5% in the first quarter as the pandemic disrupted economic activities. U.S. GDP grew by 2.1% in the fourth quarter.

Plan A : Long if market supported firm above 8813.25. Targets are 8855.25, 8880.75 and 8912.75.

Plan B : Short if market failed to support above 8813.25. Targets are 8775.25, 8745.25 and 8710.75.

HSI

At the close of trade, the Hang Seng index was up 1.2% at 24,575.96, having reached its highest level since April 17 during the session.

FUTURESCOIN IS GOING GLOBAL

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

Click here to contact us : https://goo.gl/B6Dccf 

Plan A : Short if market fails to breach above 24200. Targets are 24160, 24115 and 24060.

Plan B : Cut above 24245.

Plan C : Long if market trades firmly above 24090. Targets are 24135 and 24190.

Stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight.

Hong Kong shares on Tuesday climbed to their highest level in more than a week, as the financial hub showed some signs of returning to normalcy with civil servants set to head back into offices after the government eased lockdown restrictions.

WTI Crude

Oil alternated between gains and losses in a volatile trading session that at one point saw U.S. crude drop more than 20%. Traders continue to eye dwindling storage capacity worldwide, although some of the losses were offset by optimism around reopening of economies.

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.