Where Futures Lies
Daily Futures Trading Strategy 19 May 2020
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks futures jumped on Monday after Moderna Inc said its experimental vaccine for COVID-19 showed promise in early trials and that it was looking to advance the vaccine into late-stage trials in July.
The stock index futures surged on Monday with gains spread across stocks ranging from autos to oil as many of the hard-hit countries eased restrictions on business and social activities, boosting hopes of a global economic recovery.
Investors were also encouraged by Federal Reserve Chairman Jerome Powell’s views on a recovery and hints on more monetary stimulus if required. He is slated to appear before the Senate Banking Committee on Tuesday to discuss how economic rescue efforts are working.
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 fails to breach above 24765. Targets are 24720 and 24675.
Plan B : Cut above 24810.
Plan C : Long if market rebounds firmly from 24442. Targets are 24487 and 24545.
Plan D : Cut below 24395.
E-Mini S&P 500
Wall Street logged its best day in over a month on Monday as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.
The Dow closed 911.95 points higher, or 3.9%, at 24,597.37. The S&P 500 gained 3.2% to close at 2,953.91 while the Nasdaq Composite advanced 2.4% to 9,234.83. The Dow and S&P 500 both had their biggest one-day gains since April 6 while the Nasdaq posted its best rally since April 29. The S&P 500 also closed at its highest level since March 6.
The S&P 500′s rally on Monday pushed the broader-market index above 2,934.49, the 61.8% retracement level from February’s record high, for just the second time since March 6 on a closing basis. Staying above that level could give the market some solid footing moving forward, from a technical perspective. However, the S&P 500 has struggled to stay above that level for a prolonged period of time. —Imbert
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 support firm above 2964.25. Targets are 2988.75, 3002.50 and 3030.75.
Plan B : Short if market failed to support above 2964.25. Targets are 2939.75, 2915.75 and 2891.25.
E-Mini Nasdaq
Stock futures rose in early morning trading on Tuesday after the market scored its best day in six weeks on rising optimism about a coronavirus vaccine.
Futures on the Dow rose 245 points, implying an opening gain of about 230 points. S&P 500 and Nasdaq 100 futures also pointed to a positive open for the two indexes on Tuesday.
The overnight action followed a strong rally on Wall Street that saw the Dow and S&P 500 both enjoying their biggest one-day gains since April 6. Investors cheered news that an experimental coronavirus vaccine from Moderna showed promising early signs.
The Nasdaq Composite and S&P 500 fell 1.1% and 2.2%, respectively, last week with the latter notching its worst week since March. The Dow finished the week down 2.65% for its third negative week in four and its worst week since April 3.
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 supported firm above 9355.50. Targets are 9392.25, 9427.75 and 9458.50.
Plan B : Short if market failed to support above 9355.50. Targets are 9314.75, 9286.50 and 9250.75.
HSI
Hong Kong shares rose on Monday, lifted by energy firms as investors bet that the reopening of economies would drive a global recovery, but worries over a second wave of coronavirus infections and Sino-U.S. trade tensions capped gains.
At the close of trade, the Hang Seng index was up 137.30 points, or 0.58%, at 23,934.77
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 to short if market surge but does not breach above 24402. Targets are 24315 and 24222. Cut above 24487.
Plan B : Long if market rebounds from 24370. Targets are 24465 and 24580. Cut below 24285.
WTI Crude
WTI for June delivery jumped more than 8% on Monday, one day ahead of the contract's expiration, as production cuts and the easing of stay-at-home restrictions supported prices. The contract did close below its highest levels of the day, however, after earlier gaining more than 13%.
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 32.3
Plan B : Exit below 32.1
Plan C : Consider selling only if oil price surges but fails to breach above 33.4
Plan D : Cut above 33.8
Gold
Gold retreated on Monday from a more than seven-year high, as stocks and oil surged on optimism surrounding the trial of a potential COVID-19 vaccine.
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 gold price stays firm above 1733
Plan B : Exit below 1729
Plan C : Consider selling if gold price fails to regain footings above 1746
Plan D : Cut above 1750
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. stocks futures jumped on Monday after Moderna Inc said its experimental vaccine for COVID-19 showed promise in early trials and that it was looking to advance the vaccine into late-stage trials in July.
The stock index futures surged on Monday with gains spread across stocks ranging from autos to oil as many of the hard-hit countries eased restrictions on business and social activities, boosting hopes of a global economic recovery.
Investors were also encouraged by Federal Reserve Chairman Jerome Powell’s views on a recovery and hints on more monetary stimulus if required. He is slated to appear before the Senate Banking Committee on Tuesday to discuss how economic rescue efforts are working.
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 fails to breach above 24765. Targets are 24720 and 24675.
Plan B : Cut above 24810.
Plan C : Long if market rebounds firmly from 24442. Targets are 24487 and 24545.
Plan D : Cut below 24395.
E-Mini S&P 500
Wall Street logged its best day in over a month on Monday as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.
The Dow closed 911.95 points higher, or 3.9%, at 24,597.37. The S&P 500 gained 3.2% to close at 2,953.91 while the Nasdaq Composite advanced 2.4% to 9,234.83. The Dow and S&P 500 both had their biggest one-day gains since April 6 while the Nasdaq posted its best rally since April 29. The S&P 500 also closed at its highest level since March 6.
The S&P 500′s rally on Monday pushed the broader-market index above 2,934.49, the 61.8% retracement level from February’s record high, for just the second time since March 6 on a closing basis. Staying above that level could give the market some solid footing moving forward, from a technical perspective. However, the S&P 500 has struggled to stay above that level for a prolonged period of time. —Imbert
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 support firm above 2964.25. Targets are 2988.75, 3002.50 and 3030.75.
Plan B : Short if market failed to support above 2964.25. Targets are 2939.75, 2915.75 and 2891.25.
E-Mini Nasdaq
Stock futures rose in early morning trading on Tuesday after the market scored its best day in six weeks on rising optimism about a coronavirus vaccine.
Futures on the Dow rose 245 points, implying an opening gain of about 230 points. S&P 500 and Nasdaq 100 futures also pointed to a positive open for the two indexes on Tuesday.
The overnight action followed a strong rally on Wall Street that saw the Dow and S&P 500 both enjoying their biggest one-day gains since April 6. Investors cheered news that an experimental coronavirus vaccine from Moderna showed promising early signs.
The Nasdaq Composite and S&P 500 fell 1.1% and 2.2%, respectively, last week with the latter notching its worst week since March. The Dow finished the week down 2.65% for its third negative week in four and its worst week since April 3.
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 supported firm above 9355.50. Targets are 9392.25, 9427.75 and 9458.50.
Plan B : Short if market failed to support above 9355.50. Targets are 9314.75, 9286.50 and 9250.75.
HSI
Hong Kong shares rose on Monday, lifted by energy firms as investors bet that the reopening of economies would drive a global recovery, but worries over a second wave of coronavirus infections and Sino-U.S. trade tensions capped gains.
At the close of trade, the Hang Seng index was up 137.30 points, or 0.58%, at 23,934.77
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 to short if market surge but does not breach above 24402. Targets are 24315 and 24222. Cut above 24487.
Plan B : Long if market rebounds from 24370. Targets are 24465 and 24580. Cut below 24285.
WTI Crude
WTI for June delivery jumped more than 8% on Monday, one day ahead of the contract's expiration, as production cuts and the easing of stay-at-home restrictions supported prices. The contract did close below its highest levels of the day, however, after earlier gaining more than 13%.
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 32.3
Plan B : Exit below 32.1
Plan C : Consider selling only if oil price surges but fails to breach above 33.4
Plan D : Cut above 33.8
Gold
Gold retreated on Monday from a more than seven-year high, as stocks and oil surged on optimism surrounding the trial of a potential COVID-19 vaccine.
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 gold price stays firm above 1733
Plan B : Exit below 1729
Plan C : Consider selling if gold price fails to regain footings above 1746
Plan D : Cut above 1750
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
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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....
