Where Futures Lies

Daily Futures Trading Strategy 5 May 2020

Futurescoin
Publish date: Tue, 05 May 2020, 06:10 AM

 

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 retreated on Monday after a fresh spat between Washington and Beijing over the origin of the novel coronavirus, while airlines slumped as Berkshire Hathaway dumped its holdings in the sector. 

Delta Air Lines, American Airlines Co, Southwest Airlines Co and United Airlines fell between 8% and 11% in premarket trading, adding to their woes as air travel remains restricted due to the COVID-19 pandemic. 

Warren Buffett-backed Berkshire’s move also shaved more than 5% off planemaker Boeing Co’s shares. Berkshire Hathaway itself posted a record quarterly net loss of nearly $50 billion and said its performance was suffering in several major operating businesses. Its shares fell 1.4%.

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

Plan A : Short if market does not breach above 23753. Targets are 23705, 23665 and 23605.

Plan B : Cut above 23798.

Plan C : Long if market able to sustain above 23590 and rebounds. Targets are 23645 and 23705.

Plan D : Cut below 23545.

 

 

 

E-Mini S&P 500
 

Stocks rose slightly as an advance in the biggest U.S. technology shares lifted the market into the green from losses earlier in the session.

 

The Dow traded 0.1%, or 26.07 points, higher at 23,749.76 after being down as much as 360 points at one point. The S&P 500 rose 0.4%, or 12.03 points, to 2,842.74. The Nasdaq Composite climbed 1.2%, or 105.77 points, to 8,710.71, supported by strong gains in big tech stocks.

 

Microsoft and Netflix jumped 2.4% and 3.0%, respectively, while Apple and Facebook both rose 1.4%. The continued strength in tech outweighed losses in airline shares, following Warren Buffett’s comments over the weekend that his Berkshire Hathaway dumped the entirety of its stakes in the sector because of the coronavirus outbreak.

 

Airline shares were among the biggest losers in the S&P 500, with Delta, United, American Airlines all dropping more than 5%. Plane maker Boeing also fell 1.4%.

 

Meanwhile, New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on "the other side of the mountain". However, he added that officials are not seeing as steep of a decline as they hoped.

 

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 slightly retraced but supported firm above 2835.25. Targets are 2858.25, 2879.50 and 2900.75.

Plan B : Short if market failed to support above 2835.25. Targets are 2808.25, 2788.75 and 2768.50.

 

 

 

E-Mini Nasdaq
 

Stock futures rose in early morning trading Tuesday as investors remained focused on the reopening of the U.S. economy.

 

Futures on the Dow Jones Industrial Average climbed 240 points, implying a Tuesday opening gain of around 173 points. S&P 500 and Nasdaq futures also pointed to a positive Tuesday start for the two indexes.

 

Investors weighed fears of a second wave of coronavirus cases against efforts to re-open businesses and loosen restrictions. California governor Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday. 

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 retraced much but supported firm above 8850.75. Targets are 8882.75, 8908.25, 8948.75.

Plan B : Short if market failed to support above 8850.75. Targets are 8815.25, 8787.25 and 8758.25.

 

 

 

HSI

 

Hong Kong shares marked their biggest daily drop in six weeks on Monday, as investors braced for an escalation in U.S.-China tensions and the release of the city’s economic growth data.

 

The Hang Seng Index ended 4.2% lower at 23,613.80, its biggest percentage fall since March 23, trading at near two-week lows for much of the session.

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

Plan A : Short if market does not breach above 23565. Targets are 23470 and 23345. Cut above 24695.

Plan B : Long if market tested and rebounds from 23565. Targets are 23650 and 23735. Cut below 24465.

 

 

 

WTI Crude

 

Oil rose on Monday as more countries announced they would begin easing coronavirus lockdowns and crude supply cuts take hold, though a fresh spat between the United States and China over the origin of the virus limited the rise in prices.

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


Plan A : Remain buy as long as oil price stays firm above 21.1

Plan B : Exit below 20.4

Plan C : Consider selling if oil price surges but fails to breach above 22.1

Plan D : Cut above 22.6




Gold

 

Gold rose on Monday as brewing tensions between the United States and China over the novel coronavirus outbreak kindled fears of a new trade war and had investors seeking safe havens.

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

Plan A : Attempt selling if gold price stays below 1709
Plan B : Cut above 1714
Plan C : Consider buying only if gold trades firmly above 1709

Plan D : Cut below 1700 

 

 

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.

 

 

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

 

 

 

E-Mini Dow

U.S. stock index futures retreated on Monday after a fresh spat between Washington and Beijing over the origin of the novel coronavirus, while airlines slumped as Berkshire Hathaway dumped its holdings in the sector. 

Delta Air Lines, American Airlines Co, Southwest Airlines Co and United Airlines fell between 8% and 11% in premarket trading, adding to their woes as air travel remains restricted due to the COVID-19 pandemic. 

Warren Buffett-backed Berkshire’s move also shaved more than 5% off planemaker Boeing Co’s shares. Berkshire Hathaway itself posted a record quarterly net loss of nearly $50 billion and said its performance was suffering in several major operating businesses. Its shares fell 1.4%.

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

Plan A : Short if market does not breach above 23753. Targets are 23705, 23665 and 23605.

Plan B : Cut above 23798.

Plan C : Long if market able to sustain above 23590 and rebounds. Targets are 23645 and 23705.

Plan D : Cut below 23545.

 

 

 

E-Mini S&P 500
 

Stocks rose slightly as an advance in the biggest U.S. technology shares lifted the market into the green from losses earlier in the session.

 

The Dow traded 0.1%, or 26.07 points, higher at 23,749.76 after being down as much as 360 points at one point. The S&P 500 rose 0.4%, or 12.03 points, to 2,842.74. The Nasdaq Composite climbed 1.2%, or 105.77 points, to 8,710.71, supported by strong gains in big tech stocks.

 

Microsoft and Netflix jumped 2.4% and 3.0%, respectively, while Apple and Facebook both rose 1.4%. The continued strength in tech outweighed losses in airline shares, following Warren Buffett’s comments over the weekend that his Berkshire Hathaway dumped the entirety of its stakes in the sector because of the coronavirus outbreak.

 

Airline shares were among the biggest losers in the S&P 500, with Delta, United, American Airlines all dropping more than 5%. Plane maker Boeing also fell 1.4%.

 

Meanwhile, New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on "the other side of the mountain". However, he added that officials are not seeing as steep of a decline as they hoped.

 

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 slightly retraced but supported firm above 2835.25. Targets are 2858.25, 2879.50 and 2900.75.

Plan B : Short if market failed to support above 2835.25. Targets are 2808.25, 2788.75 and 2768.50.

 

 

 

E-Mini Nasdaq
 

Stock futures rose in early morning trading Tuesday as investors remained focused on the reopening of the U.S. economy.

 

Futures on the Dow Jones Industrial Average climbed 240 points, implying a Tuesday opening gain of around 173 points. S&P 500 and Nasdaq futures also pointed to a positive Tuesday start for the two indexes.

 

Investors weighed fears of a second wave of coronavirus cases against efforts to re-open businesses and loosen restrictions. California governor Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday. 

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 retraced much but supported firm above 8850.75. Targets are 8882.75, 8908.25, 8948.75.

Plan B : Short if market failed to support above 8850.75. Targets are 8815.25, 8787.25 and 8758.25.

 

 

 

HSI

 

Hong Kong shares marked their biggest daily drop in six weeks on Monday, as investors braced for an escalation in U.S.-China tensions and the release of the city’s economic growth data.

 

The Hang Seng Index ended 4.2% lower at 23,613.80, its biggest percentage fall since March 23, trading at near two-week lows for much of the session.

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

Plan A : Short if market does not breach above 23565. Targets are 23470 and 23345. Cut above 24695.

Plan B : Long if market tested and rebounds from 23565. Targets are 23650 and 23735. Cut below 24465.

 

 

 

WTI Crude

 

Oil rose on Monday as more countries announced they would begin easing coronavirus lockdowns and crude supply cuts take hold, though a fresh spat between the United States and China over the origin of the virus limited the rise in prices.

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


Plan A : Remain buy as long as oil price stays firm above 21.1

Plan B : Exit below 20.4

Plan C : Consider selling if oil price surges but fails to breach above 22.1

Plan D : Cut above 22.6




Gold

 

Gold rose on Monday as brewing tensions between the United States and China over the novel coronavirus outbreak kindled fears of a new trade war and had investors seeking safe havens.

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

Plan A : Attempt selling if gold price stays below 1709
Plan B : Cut above 1714
Plan C : Consider buying only if gold trades firmly above 1709

Plan D : Cut below 1700 

 

 

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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