Where Futures Lies
Daily Futures Trading Strategy 24 July 2020
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data.
Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July.
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Plan A : Short if market stays below 26625. Targets are 26580 and 26535.
Plan B : Cut above 26670.
Plan C : Attempt to long if market tested and rebounds from 26233. Targets are 26275 and 26325.
Plan D : Cut below 26185.
E-Mini S&P 500
The Dow dropped 353.51 points, or 1.3%, to close at 26,652.33. The S&P 500 slid 1.2% — snapping a four-day winning streak — to 3,235.66. The Nasdaq Composite dropped 2.3% to end the day at 10,461.42. Sharp losses from the major tech stocks led the broader market lower.
Microsoft shares dropped 4.4% despite reporting better-than-expected earnings. Apple slid 4.6% and Amazon dropped 3.7%. Facebook ended the day lower by 3% along with Google-parent Alphabet. One trader pointed out the group “came into the CQ2 reporting season with impossibly high expectations.”
The latest unemployment figures also dented market sentiment. U.S. weekly jobless claims came in at 1.416 million for last week, marking the 18th straight week in which initial claims totaled more than 1 million. Economists expected another 1.3 million workers to have filed initial claims for state unemployment benefits, according to Dow Jones.
Verizon is set to report earnings on Friday. New home sales are also on deck.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 3225.25. Targets are 3249.50, 3266.75 and 3290.25.
Plan B : Short if market failed to support above 3225.25. Targets are 3198.25, 3175.50 and 3140.75.
E-Mini Nasdaq
U.S. stock futures slipped early Friday morning after broad declines in the major tech names pushed the major averages lower during regular trading.
Dow Jones Industrial Average futures were down 106 points. Futures also pointed to declines at the open for the S&P 500 and Nasdaq 100 futures.
Tensions between the U.S. and China worsened on Friday during Asia hours. China ordered the closure of a U.S. consulate in Chengdu, retaliating after Washington shut the Chinese consulate in Houston earlier this week. China markets dived in afternoon trade on Friday on the back of that development.
In Thursday’s session, the Dow ended down more than 1% along with the S&P 500. The Nasdaq Composite dropped more than 3% as Microsoft and Apple each lost more than 4%. Facebook and Amazon were both down more than 3% and Netflix lost 2.5%.
Big Tech has been the market leader this year as investors grapple with the coronavirus pandemic and its impact on corporate profits. Amazon and Netflix were both up more than 47% year to date. Alphabet and Facebook are up over 13% in that time.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 10487.50. Targets are 10515.75, 10545.25 and 10588.75.
Plan B : Short if market failed to support above 10487.50. Targets are 10443.75, 10401.25 and 10357.50.
HSI
Hong Kong shares ended higher on Thursday as investors returned their focus to the city’s rallying tech stocks, shaking off fears of escalating U.S.-China tensions.
At the close of trade, the Hang Seng index was up 0.8% at 25,263.00.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Attempt short if market stays below 25025. Targets are 24950 and 24875. Cut above 25100.
Plan B : Attempt long if market tested and rebounds from 24978. Targets are 25055 and 25145. Cut below 24905.
WTI Crude
Oil prices fell 2% on Thursday on a surge in coronavirus cases that triggered fears of a hit to demand and the latest diplomatic spat between the United States and China, outweighing the benefit of a weaker dollar.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as oil price trades firmly above 40.7
Plan B : Exit below 39.9
Plan C : Consider selling if oil price stay below 41.6
Plan D : Cut above 42.4
Gold
Gold prices jumped more than 1%, just shy of the $1,900 level on Thursday, boosted by an easing dollar and hopes for more stimulus to revive virus-hit economies, while a rise in U.S. jobless claims raised concerns of a slower economic recovery.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as gold price stays firm above 1868
Plan B : Exit below 1862
Plan C : Consider selling if gold price surges but fails to breach above 1897
Plan D : Cut above 1906
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
Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data.
Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Short if market stays below 26625. Targets are 26580 and 26535.
Plan B : Cut above 26670.
Plan C : Attempt to long if market tested and rebounds from 26233. Targets are 26275 and 26325.
Plan D : Cut below 26185.
E-Mini S&P 500
The Dow dropped 353.51 points, or 1.3%, to close at 26,652.33. The S&P 500 slid 1.2% — snapping a four-day winning streak — to 3,235.66. The Nasdaq Composite dropped 2.3% to end the day at 10,461.42. Sharp losses from the major tech stocks led the broader market lower.
Microsoft shares dropped 4.4% despite reporting better-than-expected earnings. Apple slid 4.6% and Amazon dropped 3.7%. Facebook ended the day lower by 3% along with Google-parent Alphabet. One trader pointed out the group “came into the CQ2 reporting season with impossibly high expectations.”
The latest unemployment figures also dented market sentiment. U.S. weekly jobless claims came in at 1.416 million for last week, marking the 18th straight week in which initial claims totaled more than 1 million. Economists expected another 1.3 million workers to have filed initial claims for state unemployment benefits, according to Dow Jones.
Verizon is set to report earnings on Friday. New home sales are also on deck.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 3225.25. Targets are 3249.50, 3266.75 and 3290.25.
Plan B : Short if market failed to support above 3225.25. Targets are 3198.25, 3175.50 and 3140.75.
E-Mini Nasdaq
U.S. stock futures slipped early Friday morning after broad declines in the major tech names pushed the major averages lower during regular trading.
Dow Jones Industrial Average futures were down 106 points. Futures also pointed to declines at the open for the S&P 500 and Nasdaq 100 futures.
Tensions between the U.S. and China worsened on Friday during Asia hours. China ordered the closure of a U.S. consulate in Chengdu, retaliating after Washington shut the Chinese consulate in Houston earlier this week. China markets dived in afternoon trade on Friday on the back of that development.
In Thursday’s session, the Dow ended down more than 1% along with the S&P 500. The Nasdaq Composite dropped more than 3% as Microsoft and Apple each lost more than 4%. Facebook and Amazon were both down more than 3% and Netflix lost 2.5%.
Big Tech has been the market leader this year as investors grapple with the coronavirus pandemic and its impact on corporate profits. Amazon and Netflix were both up more than 47% year to date. Alphabet and Facebook are up over 13% in that time.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 10487.50. Targets are 10515.75, 10545.25 and 10588.75.
Plan B : Short if market failed to support above 10487.50. Targets are 10443.75, 10401.25 and 10357.50.
HSI
Hong Kong shares ended higher on Thursday as investors returned their focus to the city’s rallying tech stocks, shaking off fears of escalating U.S.-China tensions.
At the close of trade, the Hang Seng index was up 0.8% at 25,263.00.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Attempt short if market stays below 25025. Targets are 24950 and 24875. Cut above 25100.
Plan B : Attempt long if market tested and rebounds from 24978. Targets are 25055 and 25145. Cut below 24905.
WTI Crude
Oil prices fell 2% on Thursday on a surge in coronavirus cases that triggered fears of a hit to demand and the latest diplomatic spat between the United States and China, outweighing the benefit of a weaker dollar.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as oil price trades firmly above 40.7
Plan B : Exit below 39.9
Plan C : Consider selling if oil price stay below 41.6
Plan D : Cut above 42.4
Gold
Gold prices jumped more than 1%, just shy of the $1,900 level on Thursday, boosted by an easing dollar and hopes for more stimulus to revive virus-hit economies, while a rise in U.S. jobless claims raised concerns of a slower economic recovery.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain buy as long as gold price stays firm above 1868
Plan B : Exit below 1862
Plan C : Consider selling if gold price surges but fails to breach above 1897
Plan D : Cut above 1906
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....
