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Futurescoin

Author: Futurescoin   |   Latest post: Thu, 21 Nov 2019, 5:55 PM

 

Daily Futures Trading Strategy 11 July 2019 (Foreign Market)

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FUTURESCOIN IS GOING GLOBAL TODAY

 

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

 

 

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E-Mini Dow

 

U.S. stock index futures turned positive on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was ready to “act as appropriate” to sustain a decade-long expansion, bolstering expectations of an interest rate cut later this month.

 

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Plan A : Attempt to long as long as market stays above 26867

Plan B : Cut below 26835. Targets at 26910 & 26960

Plan C : Consider to short if market does not breach above 26960
Plan D : Cut above 26999. Targets at 26910 & 26850

 


E-Mini S&P 500

 

Stocks reached record highs on Wednesday after testimony from Federal Reserve Chairman Jerome Powell bolstered the case for easier monetary policy in the U.S..


The S&P 500 briefly broke above 3,000 for the first time, while the Nasdaq Composite and Dow Jones Industrial Average also reached all-time highs.


S&P 500 index closed 13.44 points higher ,or 0.45%, to 2993.07. At session highs, the S&P added 22.26 points, or 0.8% to 3002.89. Shares of the tech companies such as Amazon.com, Apple and Facebook helped to lift the Nasdaq and the S&P. The S&P 500 jumped above 3000 for the first time, nearly five years after the index hit 2000.

 

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Plan A : Buy if market supported firm above 3000.50. Targets are 3012.75 and 3028.50.

Entry : Above 3005.50, do not enter.


Plan B : Sell if market failed to support above 3000.50. Targets are 2992.75, 2985.50 and 2978.00.

Entry : Below 2995.50, do not enter.

 


E-Mini Nasdaq


Markets got a boost on Wednesday after the Federal Reserve Chair Jerome Powell hinted at cutting rates in his testimony to the House Financial Services Committee.


The Nasdaq Composite ended the day off its session high, but managed a record close at 8202.53 as Amazon rose 1.5% to break above $2000 per share. During session high, the Nasdaq advanced 86.87 points, or 1.1% to 8228.60. 


Tech has juiced the record-setting bull market over the past decade and its strength was indispensable to the market's resilience in recent years. The tech-heavy Nasdaq Composite was the best performer of the Big 3 indices, up nearly 80% since August 2014. 

 

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Plan A : Buy if market retraced later supported firm above 7911.25. Targets are 7949.25, 7970.50 and 7984.25 

Entry : Above 7926.25, do not enter.


Plan B : Sell if market failed to support above 7911.25. Targets are 7870.50 and 7849.75.
Entry : Below 7896.25, do not enter. 

 

HSI/HSI Warrants

 

The Hong Kong stock market ended higher on Wednesday in thin trade, as Beijing and Washington restarted trade talks, while investors were cautious ahead of U.S. Federal Reserve Chairman Jerome Powell’s congressional testimony later in the day.

 

At the close of trade, the Hang Seng index was up 0.3% at 28,204.69. The Hang Seng China Enterprises index rose 0.5%. 

 

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Plan A : Above 28596, do nothing

Plan B : Below 28175, do nothing

Plan C : Consider buying if market stays firm above 28216

Plan D : Cut below 28140
Plan E : Attempt selling if market trades resiliently below 28530
Plan F : Cut below 28596

 

 

WTI Crude


Oil prices gained more than 4% a barrel on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an expected storm.


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Plan A : Remain buy as long as oil price holds above 59.9

Plan B : Cut below 58.9

Plan C : Consider selling if oil price falls below 59.9

Plan D : Cut above 60.7



Gold


Gold prices recouped losses to rise more than 1% on Wednesday as the dollar slid after U.S. Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the U.S. economy.


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Plan A : Attempt buy if gold price stood firm above 1416.8

Plan B : Cut below 1410

Plan C : Consider selling if gold price surges but fails to breach above 1426

Plan D : Cut above 1430

 

 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, CNN, Market Watch 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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