Daily Futures Trading Strategy 14 January 2022

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Daily Futures Trading Strategy 14 January 2022

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Publish date: Fri, 14 Jan 2022, 03:00 AM

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

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E-Mini Dow

Wall Street's major indexes closed lower on Thursday with Nasdaq's 2.5% drop leading the losses as investor took profits, particularly in technology stocks after a three-day rally, while multiple Federal Reserve officials were out talking about inflation and interest rate hikes.

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Plan A: Remain buy as long as market trades firmly above 35952. Targets are 36176 and 36284.

Plan B : Consider short if market surges but fails to breach above 36284. Targets are 36176 and 35952.

E-Mini S&P 500

Wall Street's major indexes closed lower on Thursday with Nasdaq's 2.5% drop leading the losses as investors took profits, particularly in technology stocks after a three-day rally, while multiple Federal Reserve officials were out talking about inflation and interest rate hike.

All of the major averages slid during regular trading on Thursday. The S&P 500 lost 67.32 points, or 1.42%, to 4,659.03.

Interest-rate sensitive growth stocks such as technology lagged the broader market in the last session before the fourth-quarter earnings season starts in earnest. The S&P's technology index fell 2.7% while consumer discretionary fell 2%.

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Plan A : Long if market supported firm above 4664. Targets are 4675, 4688 and 4696.

Plan B : Short if market failed to support above 4664. Targets are 4654, 4642 and 4630.

E-Mini Nasdaq

U.S. stock indexes were little changed during early morning trading on Friday, ahead of earnings from the major banks.

The Nasdaq Composite was the relative underperformer, shedding 2.51% and snapping a three-day winning streak as technology stocks came under pressure. Microsoft declined more than 4%, while Nvidia dipped 5%. Apple, Amazon, Meta, Netflix and Alphabet also closed lower.

Investors have rotated out of growth and into value stocks amid rising rate fears, which makes future profits — including from growth companies — look less attractive.

A slew of economic data will also be released Friday, including December retail sales numbers. Economists are expecting the print to show a decline of 0.1%, according to estimates compiled by Dow Jones. During November sales rose by 0.3%, slower than the 0.9% economists had been expecting.

Industrial production numbers will also be reported, with the Street expecting a 0.2% rise. Consumer sentiment figures will be released later Friday morning.

The reports come as investors closely watch all of the latest inflation readings. The producer price index rose 0.2% month over month in December, the Labor Department said Thursday, which was lower than the 0.4% economists were expecting. The report followed Wednesday’s consumer price index reading, which jumped 7% year over year during December for the fasted annual rate since 1982.

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Plan A : Long if market supported firm above 15591. Targets are 15622, 15655 and 15688.

Plan B : Short if market failed to support above 15591. Targets are 15561, 15529 and 15498.

HSI

China stocks fell on Thursday while Hang Seng gained slightly after new bank leading in China fell more than expected in December from the previous month, led by property developers and consumption stocks.

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Plan A: Remain short as long as market stays below 24485. Targets are 24263 and 24150.

Plan B: Consider long if market supports firmly above 24150 and rebound. Targets are 24263 and 24485.

WTI Crude

Oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive U.S. interest rate hikes, but the losses were cushioned by expectations that a strong economic recovery will boost demand.

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Plan A: Remain long as long as oil price trades firmly above 80.5. Targets are 83.1 and 84.8.

Plan B : Consider short if oil price surges but fails to breach above 83.1. Targets are 82.3 and 80.5.

Gold

Gold prices retreated on Thursday, as U.S. Treasury yields edged up with the Federal Reserve likely to raise interest rates in March.

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Plan A: Remain buy as long as gold trades firmly above 1813.4. Targets are 1823 and 1832.1.

Plan B: Consider short if gold price fails to breach above 1832.1. Targets are 1823 and 1813.4.

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.

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