Where Futures Lies
Daily Futures Trading Strategy 28 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 advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.
The benchmark index, however, closed just short of 3,000 points, a key psychological level, after President Donald Trump said the United States would announce before the end of the week its response to China’s planned national security legislation for Hong Kong.
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 falls below 25370. Targets are 25325 and 25280.
Plan B : Cut above 25415.
Plan C : Continue to long if market stays firm above 25375. Targets are 25420 and 25475.
Plan D : Cut below 25330.
E-Mini S&P 500
The stock market closed above a key milestone and looks set to keep moving higher for now.
The S&P 500 broke above its 200-day moving average for a second day, but this time succeeded in closing above it. The S&P 500 surged 44 points to 3,036 on Wednesday, after trading weaker early in the day. Before this week, the S&P was last above the 200-day on March 5.
The 200-day happened to be at 3,000, a level that is also seen as psychologically important.
The market was helped Wednesday by a steadying in momentum names, like Netflix and Tesla that touched their lows of the day just before 11 a.m. ET. The S&P 500 hit its low at about the same time, as the group which includes the FAANG names, Facebook, Apple, Amazon, Netflix and Google parent Alphabet, all started to turn higher.
Those big tech names that have been drivers of the market took a rest this week, as traders focused on names that will benefit from a re-opening economy, like airlines, banks and industrials. The S&P financial sector is up more than 9.6% this week so far, and industrials are up more than 7.%. Communications services, which includes internet names, was up just 0.8%.
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 3023.50. Targets are 3048.75, 3065.75 and 3089.25.
Plan B : Short if market failed to support above 3023.50. Targets are 2999.75, 2977.25 and 2956.75.
E-Mini Nasdaq
Futures contracts tied to the major U.S. market indexes mostly rose early Thursday morning as investors looked to add to Wall Street’s robust gains so far this week.
Dow futures rose 172 points, indicating an opening gain of about 207 points when regular trading resumes on Thursday. S&P 500 futures also pointed to a positive open for the index. Nasdaq-100 futures, on the other hand, pointed to a Thursday opening dip.
The overnight moves Wednesday evening promised to add to sharp rallies in the major stock indexes so far this week.
The Nasdaq Composite, S&P 500 and Dow all extended week-to-date gains during Wednesday’s regular trading session and finished the day up 0.77%, 1.48% and 2.2% respectively. The broad S&P 500 closed at its highest level since March, above 3,000; the Dow jumped 553 points to finish Wednesday’s session north of 25,000, its own highest close since March.
The S&P 500, Nasdaq Composite and Dow are up 2.7%, 0.9% and 4.4% since the start of the holiday-shortened week. The Dow is on track for its best week since the week ended April 8.
Thursday’s forthcoming update to the U.S. unemployment claims threatened to keep the week’s optimism in check.
The Department of Labor is scheduled to release the latest update to initial jobless claims at 8:30 a.m. ET Thursday morning. Though economists polled by Dow Jones expect the government to announce yet another deceleration in the pace of claims, the consensus estimate predicts another 2.05 million Americans filed for insurance during the week ended May 23.
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 9378.50. Targets are 9405.25, 9438.25 and 9470.50.
Plan B : Short if market failed to support above 9378.50. Targets are 9348.50, 9312.75 and 9280.25.
HSI
Hong Kong stocks fell on Wednesday due to fresh anti-government protests and rising tensions between China and the United States. U.S. President Donald Trump said on Tuesday that he was preparing a strong response to China’s planned national security laws for Hong Kong, adding it would be announced before the end of the week.
At the close of trade, the Hang Seng index fell 0.4%, to 23,301.36
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 does not breach above 23635. Targets are 23565 and 23470. Cut above 23720.
Plan B : Attempt to long if market rebounds from 23437. Targets are 23522 and 23617. Cut below 23350.
WTI Crude
Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.
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 sell if oil price trades below 32.3
Plan B : Cut above 33.1
Plan C : Consider buying if oil price falls but supported firmly above 31.1
Plan D : Cut below 30.0
Gold
Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices.
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 sell if gold price trades below 1709
Plan B : Cut above 1714
Plan C : Consider buying if gold price 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.
E-Mini Dow
U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.
The benchmark index, however, closed just short of 3,000 points, a key psychological level, after President Donald Trump said the United States would announce before the end of the week its response to China’s planned national security legislation for Hong Kong.
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 falls below 25370. Targets are 25325 and 25280.
Plan B : Cut above 25415.
Plan C : Continue to long if market stays firm above 25375. Targets are 25420 and 25475.
Plan D : Cut below 25330.
E-Mini S&P 500
The stock market closed above a key milestone and looks set to keep moving higher for now.
The S&P 500 broke above its 200-day moving average for a second day, but this time succeeded in closing above it. The S&P 500 surged 44 points to 3,036 on Wednesday, after trading weaker early in the day. Before this week, the S&P was last above the 200-day on March 5.
The 200-day happened to be at 3,000, a level that is also seen as psychologically important.
The market was helped Wednesday by a steadying in momentum names, like Netflix and Tesla that touched their lows of the day just before 11 a.m. ET. The S&P 500 hit its low at about the same time, as the group which includes the FAANG names, Facebook, Apple, Amazon, Netflix and Google parent Alphabet, all started to turn higher.
Those big tech names that have been drivers of the market took a rest this week, as traders focused on names that will benefit from a re-opening economy, like airlines, banks and industrials. The S&P financial sector is up more than 9.6% this week so far, and industrials are up more than 7.%. Communications services, which includes internet names, was up just 0.8%.
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 3023.50. Targets are 3048.75, 3065.75 and 3089.25.
Plan B : Short if market failed to support above 3023.50. Targets are 2999.75, 2977.25 and 2956.75.
E-Mini Nasdaq
Futures contracts tied to the major U.S. market indexes mostly rose early Thursday morning as investors looked to add to Wall Street’s robust gains so far this week.
Dow futures rose 172 points, indicating an opening gain of about 207 points when regular trading resumes on Thursday. S&P 500 futures also pointed to a positive open for the index. Nasdaq-100 futures, on the other hand, pointed to a Thursday opening dip.
The overnight moves Wednesday evening promised to add to sharp rallies in the major stock indexes so far this week.
The Nasdaq Composite, S&P 500 and Dow all extended week-to-date gains during Wednesday’s regular trading session and finished the day up 0.77%, 1.48% and 2.2% respectively. The broad S&P 500 closed at its highest level since March, above 3,000; the Dow jumped 553 points to finish Wednesday’s session north of 25,000, its own highest close since March.
The S&P 500, Nasdaq Composite and Dow are up 2.7%, 0.9% and 4.4% since the start of the holiday-shortened week. The Dow is on track for its best week since the week ended April 8.
Thursday’s forthcoming update to the U.S. unemployment claims threatened to keep the week’s optimism in check.
The Department of Labor is scheduled to release the latest update to initial jobless claims at 8:30 a.m. ET Thursday morning. Though economists polled by Dow Jones expect the government to announce yet another deceleration in the pace of claims, the consensus estimate predicts another 2.05 million Americans filed for insurance during the week ended May 23.
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 9378.50. Targets are 9405.25, 9438.25 and 9470.50.
Plan B : Short if market failed to support above 9378.50. Targets are 9348.50, 9312.75 and 9280.25.
HSI
Hong Kong stocks fell on Wednesday due to fresh anti-government protests and rising tensions between China and the United States. U.S. President Donald Trump said on Tuesday that he was preparing a strong response to China’s planned national security laws for Hong Kong, adding it would be announced before the end of the week.
At the close of trade, the Hang Seng index fell 0.4%, to 23,301.36
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 does not breach above 23635. Targets are 23565 and 23470. Cut above 23720.
Plan B : Attempt to long if market rebounds from 23437. Targets are 23522 and 23617. Cut below 23350.
WTI Crude
Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.
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 sell if oil price trades below 32.3
Plan B : Cut above 33.1
Plan C : Consider buying if oil price falls but supported firmly above 31.1
Plan D : Cut below 30.0
Gold
Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices.
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 sell if gold price trades below 1709
Plan B : Cut above 1714
Plan C : Consider buying if gold price 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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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....
