Where Futures Lies
Daily Futures Trading Strategy 21 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. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
A Wall Street rally from April has lost steam this month as investors weigh hopes of a revival in business activity amid easing lockdowns against conflicting reports about progress in developing a potential coronavirus vaccine.
The U.S. stock market moved sharply lower in the final hour of Tuesday’s session after a report raised doubts about Moderna Inc’s recent coronavirus vaccine early-stage trial results.
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell said on Tuesday that the government and the central bank were considering additional measures to ensure the worst stricken areas of the economy received adequate support.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Short if market still fails to breach above 24769. Targets are 24725 and 24665.
Plan B : Cut above 24815.
Plan C : Continue to long if market tested and rebounds from 24347. Targets are 24395 and 24447.
Plan D : Cut below 23300.
E-Mini S&P 500
The Dow jumped 369.04 points, or 1.52%, to 24,575.90. The S&P 500 advanced 1.67% to 2,971.61. The Nasdaq Composite closed 2.08 higher at 9,375.78. Traders mounted bets on the economy recovering as more states ease stay-at-home orders.
Connecticut began allowing consumers to dine in at restaurants with outdoor seating on Wednesday, and some shops also began re-opening. That move came a day after New York Gov. Andrew Cuomo said the outbreak is back down to where it started. “The next three to six weeks are likely to be important for the financial markets as a majority of states are in the process of re-opening their economies to varying degrees,” said Scott Wren of Wells Fargo Investment Institute.
Amazon rose 1.98% to hit an all-time high to lead the market higher. Facebook gained 6.04% and reach record levels as well. Stocks that would benefit from the economy re-opening also advanced Wednesday. MGM Resorts closed 8.84% higher while United Airlines rose 5.19%.
Data on weekly jobless claims and monthly existing home sales are set for release Thursday morning.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 2953.50. Targets are 2978.75, 2995.25 and 3019.75.
Plan B : Short if market failed to support above 2953.50. Targets are 2928.50, 2902.25 and 2880.75.
E-Mini Nasdaq
Futures contracts tied to the major U.S. stock indexes fell in Thursday early morning trade as investors took a breather from Wall Street’s robust gains so far this week.
Dow futures fell 207 points, implying an opening loss of about 193 points. S&P 500 and Nasdaq-100 futures also pointed to weakness at Thursday’s open.
The overnight moves came on the back of sharp rallies in the major stock indexes so far this week.
The Nasdaq Composite and S&P 500 both extended week-to-date gains during Wednesday’s regular trading session and finished the day up 2% and 1.6% respectively.
Popular consumer internet names including Facebook and Amazon both clinched new all-time highs on Wednesday as investors cheered the former’s new e-commerce venture and the latter’s continued success in delivering goods to Americans during the Covid-19 outbreak.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 9444.25. Targets 9474.25, 9510.50 and 9542.75.
Plan B : Short if market failed to support above 9444.25. Targets are 9414.25, 9378.25 and 9245.25.
HSI
Hong Kong shares erased early losses to close flat on Wednesday on hopes of an economic stimulus during the Chinese parliament’s annual political meeting starting on Friday.
At the close of trade, the Hang Seng index was up 11.82 points or 0.05% at 24,399.95.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Attempt to short if market falls below 24255. Targets are 24170 and 24070. Cut above 24330.
Plan B : Continue to long if market stays firm above 24267. Targets are 24365 and 24444. Cut below 24190.
WTI Crude
Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Remain buy as long as oil price stays firm above 32.5
Plan B : Exit below 32.2
Plan C : Consider selling if oil price surges but fails to breach above 33.8
Plan D : Cut above 34.2
Gold
Gold rose on Wednesday amid extensive stimulus measures and uncertainty over a possible coronavirus vaccine, but bullion's gains were limited as risk appetite improved on hopes of an economic recovery.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Remain buy as long as gold price stays firm above 1734
Plan B : Exit below 1729
Plan C : Consider selling if gold price fails to regain footings above 1751
Plan D : Cut above 1758
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 climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
A Wall Street rally from April has lost steam this month as investors weigh hopes of a revival in business activity amid easing lockdowns against conflicting reports about progress in developing a potential coronavirus vaccine.
The U.S. stock market moved sharply lower in the final hour of Tuesday’s session after a report raised doubts about Moderna Inc’s recent coronavirus vaccine early-stage trial results.
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell said on Tuesday that the government and the central bank were considering additional measures to ensure the worst stricken areas of the economy received adequate support.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Short if market still fails to breach above 24769. Targets are 24725 and 24665.
Plan B : Cut above 24815.
Plan C : Continue to long if market tested and rebounds from 24347. Targets are 24395 and 24447.
Plan D : Cut below 23300.
E-Mini S&P 500
The Dow jumped 369.04 points, or 1.52%, to 24,575.90. The S&P 500 advanced 1.67% to 2,971.61. The Nasdaq Composite closed 2.08 higher at 9,375.78. Traders mounted bets on the economy recovering as more states ease stay-at-home orders.
Connecticut began allowing consumers to dine in at restaurants with outdoor seating on Wednesday, and some shops also began re-opening. That move came a day after New York Gov. Andrew Cuomo said the outbreak is back down to where it started. “The next three to six weeks are likely to be important for the financial markets as a majority of states are in the process of re-opening their economies to varying degrees,” said Scott Wren of Wells Fargo Investment Institute.
Amazon rose 1.98% to hit an all-time high to lead the market higher. Facebook gained 6.04% and reach record levels as well. Stocks that would benefit from the economy re-opening also advanced Wednesday. MGM Resorts closed 8.84% higher while United Airlines rose 5.19%.
Data on weekly jobless claims and monthly existing home sales are set for release Thursday morning.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 2953.50. Targets are 2978.75, 2995.25 and 3019.75.
Plan B : Short if market failed to support above 2953.50. Targets are 2928.50, 2902.25 and 2880.75.
E-Mini Nasdaq
Futures contracts tied to the major U.S. stock indexes fell in Thursday early morning trade as investors took a breather from Wall Street’s robust gains so far this week.
Dow futures fell 207 points, implying an opening loss of about 193 points. S&P 500 and Nasdaq-100 futures also pointed to weakness at Thursday’s open.
The overnight moves came on the back of sharp rallies in the major stock indexes so far this week.
The Nasdaq Composite and S&P 500 both extended week-to-date gains during Wednesday’s regular trading session and finished the day up 2% and 1.6% respectively.
Popular consumer internet names including Facebook and Amazon both clinched new all-time highs on Wednesday as investors cheered the former’s new e-commerce venture and the latter’s continued success in delivering goods to Americans during the Covid-19 outbreak.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Long if market supported firm above 9444.25. Targets 9474.25, 9510.50 and 9542.75.
Plan B : Short if market failed to support above 9444.25. Targets are 9414.25, 9378.25 and 9245.25.
HSI
Hong Kong shares erased early losses to close flat on Wednesday on hopes of an economic stimulus during the Chinese parliament’s annual political meeting starting on Friday.
At the close of trade, the Hang Seng index was up 11.82 points or 0.05% at 24,399.95.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Attempt to short if market falls below 24255. Targets are 24170 and 24070. Cut above 24330.
Plan B : Continue to long if market stays firm above 24267. Targets are 24365 and 24444. Cut below 24190.
WTI Crude
Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Remain buy as long as oil price stays firm above 32.5
Plan B : Exit below 32.2
Plan C : Consider selling if oil price surges but fails to breach above 33.8
Plan D : Cut above 34.2
Gold
Gold rose on Wednesday amid extensive stimulus measures and uncertainty over a possible coronavirus vaccine, but bullion's gains were limited as risk appetite improved on hopes of an economic recovery.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.
Plan A : Remain buy as long as gold price stays firm above 1734
Plan B : Exit below 1729
Plan C : Consider selling if gold price fails to regain footings above 1751
Plan D : Cut above 1758
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....
