FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden's transition to the White House.
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Plan A : Remain buy as long as market trades firmly above 29899. Targets are 30150 and 30255.
Plan B : Consider sell if market breaks below 29899. Targets are 29709 and 29611.
E-Mini S&P 500
The Dow rallied on Tuesday, breaking above 30,000 for the first time amid positive vaccine news, hope for a strong economic recovery in 2021 and easing of political uncertainty as the Trump administration approved the start of the presidential transition.
Meanwhile, the S&P 500 climbed 1.6% to 3,635.41, notching a record close, and the Nasdaq Composite advanced 1.3% to 12,036.79.
Tuesday’s gains put the the S&P 500 and Nasdaq up 11.2% and 10.3%, respectively, in November. It would be the Nasdaq’s and S&P 500′s best monthly performances since April.
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Plan A : Long if market retraced slightly and supported firm above 3605. Targets are 3621, 3638 and 3655.
Plan B : Short if market failed to support above 3605. Targets are 3581, 3556 and 3538.
E-Mini Nasdaq
U.S. stock futures were little changed early Wednesday morning following a banner day for three of the for major market benchmarks.
The market’s rally to record highs comes amid positive vaccine news coupled with increasing political clarity, boosted market sentiment.
The total number of confirmed coronavirus cases in the U.S. now tops 12.4 million, according to data from Johns Hopkins University.
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Plan A : Long if market retraced slightly and supported firm above 11955. Targets are 11986, 12010 and 12041.
Plan B : Short if market failed to support above 11955. Targets are 11917, 11875 and 11832.
HSI
Hong Kong stocks ended higher on Tuesday, tracking other Asian markets, as sentiment was lifted globally after a federal agency gave U.S. President-elect Joe Biden the go-ahead to begin his White House transition and on progress on a COVID-19 vaccine.
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Plan A : Remain buy as long as market stays firm above 26509 . Targets are 26727 and 26946.
Plan B : Consider sell only if market surges but fails to breach and stay firm above 26727. Targets are 26617 and 26509.
WTI Crude
Oil rose more than 4% to its highest levels since March as a third promising coronavirus vaccine raised hope for fuel demand recovery and U.S. President-elect Joe Biden began his transition to the White House.
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Plan A : Remain buy as long as oil price trades firmly above 44.2. Targets are 44.9 and 45.4
Plan B : Consider sell if oil price surges but fails to breach above 44.9. Targets are 44.2 and 42.9
Gold
Gold fell to a four-month low on Tuesday and looked set to dip below the $1,800 psychological level as progress on COVID-19 vaccines and hopes for a quick transition in the White House drove investors towards riskier assets.
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Plan A : Remain sell as long as gold price stays below 1854. Targets are 1828 and 1804.
Plan B : Consider buy only if gold price holds resiliently above 1803.6. Targets are 1838 and 1854.
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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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.