Where Futures Lies
Daily Futures Trading Strategy 7 July 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 rose on Monday as bets on China leading the revival from a coronavirus-driven downturn helped investors look past a domestic surge in new infections over the long weekend.
A slew of encouraging U.S. economic data, including record weekly job additions, brought the Dow 13% below the respective peaks from February.
However, a surge in coronavirus cases has cast a shadow over the strong rally in stocks as many U.S. states have curtailed their reopening plans, threatening to derail the economic recovery. The Independence day weekend saw a record increase in new infections in several states, with Florida surpassing the highest daily tally reported by any European country during the height of the outbreak.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Short if market falls below 26245. Targets are 26205 and 26160.
Plan B : Cut above 26290.
Plan C : Continue to hold long as long as market stays firm above 26160. Targets are 26205 and 26250.
Plan D : Cut below 26125.
E-Mini S&P 500
Stocks closed sharply higher on Monday, led by strong gains in the tech sector, as Wall Street built on the momentum from last week’s solid performance and shook off a continued rise in coronavirus cases.
The Dow rose 459.67 points, or 1.8%, to 26,287.03. The S&P 500 popped 1.6% to end the day at 3,179.72. The Nasdaq Composite hit an all-time high, surging 2.2% to 10,433.65.
There were a few reasons for the bullish lift to start the week:
- 1.The biggest technology companies led the gains with Apple, Amazon, Microsoft and Google-parent Alphabet all climbing at least 2%. Amazon shares also broke above $3,000 for the first time. Netflix shares reach an all-time high as well. The Nasdaq-100 — which is made up of the composite’s 100-largest non-financial stocks — jumped 2.5% on Monday, bringing its 2020 gains to more than 21%.
- 2.Dealmaking also boosted sentiment. Warren Buffett made his first major deal amid the market turmoil this year, with Berkshire Hathaway buying the natural gas transmission and storage assets from Dominion Energy for about $10 billion including debt. Dominion Energy fell 11%, while Berkshire shares gained 2.4%. Uber shares gained 6% after it said it was buying food-delivery app Postmates in an all-stock deal worth $2.65 billion.
- 3.Chinese stocks soared, with the Shanghai Composite jumping more than 5%, as that country continued to open up following their coronavirus outbreak. The iShares China Large-Cap ETF (FXI) surged 9.5% for its best day since 2009.
- 4.Data from the Institute for Supply Management showed a surprise expansion in the U.S. services sector. The firm’s non-manufacturing index rose to 57.1 in June, topping a Dow Jones estimate of 50.1.
- 5.Stocks built on their momentum to start the second half. The Dow and S&P 500 rose 3.3% and 4%, respectively, last week and the Nasdaq advanced 4.6% in that time. The market also wrapped up last week its best quarterly performance in decades.
-
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
- Plan A : Long if market doesn't retrace much but supported firm above 3143.50. Targets are 3165.25, 3187.50 and 3205.50.
- Plan B : Short if market failed to support above 3143.50. Targets are 3118.25, 3095.50 and 3070.50.
E-Mini Nasdaq
Monday’s gains came even as the number of coronavirus cases kept surging globally, raising concerns about the world economy and its recovery from the pandemic.
Amazon rose 5.77% to break above the $3,000 level for the first time. Netflix also hit an all-time high, jumping 3.55%. Microsoft also contributed to Monday’s rally with a 2.15% gain. Alphabet shares advanced 2.02%.
The four biggest tech companies finished the day each worth more than $1 trillion, a landmark that was last reached before the Covid-19 pandemic struck the U.S.
The landmark shows the resilience of the tech industry in the face of a global pandemic, recession and record unemployment.
Alphabet was the latest to re-enter the trillion-dollar club, reaching $1.02 trillion in market value at the close of trading. Apple was valued at $1.64 trillion, followed by Microsoft at $1.61 trillion. Amazon, which has largely benefited from stay-at-home orders that battered most companies, was valued at $1.52 trillion as of market close.
The World Health Organization said Saturday that more than 200,000 coronavirus cases were confirmed over a 24-hour span, a record. At a regional level, the biggest spike was seen in the Americas, where nearly 130,000 new cases were confirmed.
In the U.S., coronavirus-related hospitalizations grew in more than 20 states, including, Florida, Texas, Arizona and Georgia.
Job openings data are set for release Tuesday morning.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Long if market doesn't retrace much but supported firm above 10561.25. Targets are 10592.25, 10625.50 and 10658.50.
Plan B : Short if market failed to support above 10561.25. Targets are 10525.25, 10498.50 and 10465.75.
HSI
Hong Kong shares closed at a more than four-month high on Monday, tracking equities in the mainland that rose on hopes of a faster economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.
The Hang Seng index rose 3.8% to 26,339.16, highest since March 5.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Attempt short if market falls below 26470. Targets are 26395 and 26310. Cut above 26545.
Plan B : Continue to hold long as long as market holds firm above 26301. Targets are 26395 and 26520. Cut below 26225.
WTI Crude
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in the United States and other countries.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Remain buy as long as oil price stays firm above 39.9
Plan B : Exit below 39.4
Plan C : Consider selling if oil price surges but fails to breach above 40.7
Plan D : Cut above 41.6
Gold
Gold on Monday edged toward a near 8-year high hit last week as a spike in coronavirus cases kept safety demand elevated, although robust equities and positive U.S. services sector data limited the metal's advance.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Remain buy as long as gold price stays firm above 1769.9
Plan B : Exit below 1766
Plan C : Consider selling if gold price surges but fails to breach above 1799
Plan D : Cut above 1807.6
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 rose on Monday as bets on China leading the revival from a coronavirus-driven downturn helped investors look past a domestic surge in new infections over the long weekend.
A slew of encouraging U.S. economic data, including record weekly job additions, brought the Dow 13% below the respective peaks from February.
However, a surge in coronavirus cases has cast a shadow over the strong rally in stocks as many U.S. states have curtailed their reopening plans, threatening to derail the economic recovery. The Independence day weekend saw a record increase in new infections in several states, with Florida surpassing the highest daily tally reported by any European country during the height of the outbreak.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Short if market falls below 26245. Targets are 26205 and 26160.
Plan B : Cut above 26290.
Plan C : Continue to hold long as long as market stays firm above 26160. Targets are 26205 and 26250.
Plan D : Cut below 26125.
E-Mini S&P 500
Stocks closed sharply higher on Monday, led by strong gains in the tech sector, as Wall Street built on the momentum from last week’s solid performance and shook off a continued rise in coronavirus cases.
The Dow rose 459.67 points, or 1.8%, to 26,287.03. The S&P 500 popped 1.6% to end the day at 3,179.72. The Nasdaq Composite hit an all-time high, surging 2.2% to 10,433.65.
There were a few reasons for the bullish lift to start the week:
- 1.The biggest technology companies led the gains with Apple, Amazon, Microsoft and Google-parent Alphabet all climbing at least 2%. Amazon shares also broke above $3,000 for the first time. Netflix shares reach an all-time high as well. The Nasdaq-100 — which is made up of the composite’s 100-largest non-financial stocks — jumped 2.5% on Monday, bringing its 2020 gains to more than 21%.
- 2.Dealmaking also boosted sentiment. Warren Buffett made his first major deal amid the market turmoil this year, with Berkshire Hathaway buying the natural gas transmission and storage assets from Dominion Energy for about $10 billion including debt. Dominion Energy fell 11%, while Berkshire shares gained 2.4%. Uber shares gained 6% after it said it was buying food-delivery app Postmates in an all-stock deal worth $2.65 billion.
- 3.Chinese stocks soared, with the Shanghai Composite jumping more than 5%, as that country continued to open up following their coronavirus outbreak. The iShares China Large-Cap ETF (FXI) surged 9.5% for its best day since 2009.
- 4.Data from the Institute for Supply Management showed a surprise expansion in the U.S. services sector. The firm’s non-manufacturing index rose to 57.1 in June, topping a Dow Jones estimate of 50.1.
- 5.Stocks built on their momentum to start the second half. The Dow and S&P 500 rose 3.3% and 4%, respectively, last week and the Nasdaq advanced 4.6% in that time. The market also wrapped up last week its best quarterly performance in decades.
-
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
- Plan A : Long if market doesn't retrace much but supported firm above 3143.50. Targets are 3165.25, 3187.50 and 3205.50.
- Plan B : Short if market failed to support above 3143.50. Targets are 3118.25, 3095.50 and 3070.50.
E-Mini Nasdaq
Monday’s gains came even as the number of coronavirus cases kept surging globally, raising concerns about the world economy and its recovery from the pandemic.
Amazon rose 5.77% to break above the $3,000 level for the first time. Netflix also hit an all-time high, jumping 3.55%. Microsoft also contributed to Monday’s rally with a 2.15% gain. Alphabet shares advanced 2.02%.
The four biggest tech companies finished the day each worth more than $1 trillion, a landmark that was last reached before the Covid-19 pandemic struck the U.S.
The landmark shows the resilience of the tech industry in the face of a global pandemic, recession and record unemployment.
Alphabet was the latest to re-enter the trillion-dollar club, reaching $1.02 trillion in market value at the close of trading. Apple was valued at $1.64 trillion, followed by Microsoft at $1.61 trillion. Amazon, which has largely benefited from stay-at-home orders that battered most companies, was valued at $1.52 trillion as of market close.
The World Health Organization said Saturday that more than 200,000 coronavirus cases were confirmed over a 24-hour span, a record. At a regional level, the biggest spike was seen in the Americas, where nearly 130,000 new cases were confirmed.
In the U.S., coronavirus-related hospitalizations grew in more than 20 states, including, Florida, Texas, Arizona and Georgia.
Job openings data are set for release Tuesday morning.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Long if market doesn't retrace much but supported firm above 10561.25. Targets are 10592.25, 10625.50 and 10658.50.
Plan B : Short if market failed to support above 10561.25. Targets are 10525.25, 10498.50 and 10465.75.
HSI
Hong Kong shares closed at a more than four-month high on Monday, tracking equities in the mainland that rose on hopes of a faster economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.
The Hang Seng index rose 3.8% to 26,339.16, highest since March 5.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Attempt short if market falls below 26470. Targets are 26395 and 26310. Cut above 26545.
Plan B : Continue to hold long as long as market holds firm above 26301. Targets are 26395 and 26520. Cut below 26225.
WTI Crude
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in the United States and other countries.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Remain buy as long as oil price stays firm above 39.9
Plan B : Exit below 39.4
Plan C : Consider selling if oil price surges but fails to breach above 40.7
Plan D : Cut above 41.6
Gold
Gold on Monday edged toward a near 8-year high hit last week as a spike in coronavirus cases kept safety demand elevated, although robust equities and positive U.S. services sector data limited the metal's advance.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.
Plan A : Remain buy as long as gold price stays firm above 1769.9
Plan B : Exit below 1766
Plan C : Consider selling if gold price surges but fails to breach above 1799
Plan D : Cut above 1807.6
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....
