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Futurescoin

Author: Futurescoin   |   Latest post: Wed, 18 Sep 2019, 5:57 PM

 

Daily Futures Trading Strategy 23 August 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 stabilized on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell’s speech for more clues on future interest rate moves.

 

The release of the minutes from the U.S. central bank’s meeting on July 30-31 offered little clarity on Fed’s next move. The policymakers were deeply divided over their quarter-point cut in rates but united in wanting to signal the move was not on a preset path to further cuts.

 

At 8:40 a.m. ET, Dow e-minis were up 36 points, or 0.14%.

 

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Plan A : Attempt to go long if market stays firm above 26249.
Plan B : Cut below 26214. Targets seen at 26270, 26305 & 26355.
Plan C : Consider selling if market does not break above 26310.
Plan D : Cut above 26340. Targets seen at 26255, 26230 & 26200.

 



E-Mini S&P 500


The benchmark S&P 500 and the Nasdaq  fell on Thursday after weak U.S. manufacturing data raised concerns about the health of the economy, with comments from Fed officials dampening hopes of futures interest rate cuts.


The S&P 500 lost 1.44 points, or 0.05% to 2922.99. Six of the 11 major S&P sectors were lower with a 0.55% decline in technology weighing the most on the benchmark Index.


A private survey showed U.S. manufacturing activity in August contracted for the first time in almost a decade, signs that factories are suffering from a global slowdown amid an escalating U.S.-China trade war.


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Plan A : Buy if market retraced but supported above 2908.25. Targets are 2923.50, 2934.50 and 2942.25.

Plan B : Sell if market failed to support above 2923.50. Targets are 2908.25, 2897.25 and 2890.50.

Plan C : Buy only if market could not retrace much but supported firm above 2944.25. Targets are 2959.25, 2968.25 and 2975.50.
 

 

E-Mini Nasdaq

Thursday's session closed with the Nasdaq Composite Index at 7991.39, -28.82 points or -0.36%. The total shares traded for the Nasdaq was over 1.8 billion. Declining stocks led advancers by 1.52 to 1 ratio.


The Nasdaq 100 index closed down -0.33% for the day; a total of -25.79 points. JD.com Inc. had the largest percent change down, -4.07% while Alexion Pharmaceuticals Inc. had the largest percent change gain rising 7.53%.


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Plan A : Sell if market failed to support above 7738.25. Targets are 7698.50, 7670.25 and 7640.75.

Plan B : Buy if market retraced later supported firm above 7650.25. Targets are 7689.50, 7719.25 and 7752.25.

Plan C : Buy if market could not retrace much and supported firm above 7775.25. Targets are 7815.25, 7843.50 and 7874.75.


  

 

HSI

Hong Kong stocks closed lower on Thursday, amid persistent worries over political protests and Sino-U.S. trade tensions. 

Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewellers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of letup on Thursday. Real estate and services companies, seen vulnerable to protests, led the losses for the day.

The Hang Seng index fell 0.8% to 26,048.72. 

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Plan A : Above 26495, do nothing

Plan B : Below 25745, do nothing

Plan C : Attempt buying if market trading firmly above 26065

Plan D : Cut below 25965

Plan E : Consider selling if market does not breach above 26100

Plan F : Cut above 26180
 

 

 

WTI Crude


Oil prices weakened on Thursday as worries about global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge.


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Plan A : Attempt sell if oil price stays trading below 55.7

Plan B : Cut above 56.4

Plan C : Consider buying only if oil price trades resiliently above 55.3 and rebound

Plan D : Cut below 55.0



Gold


Gold inched lower on Thursday after comments from U.S. Federal Reserve officials dampened hopes for additional monetary easing, although investors awaited further clarity from the central bank chief at the Jackson Hole symposium.


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Plan A : Attempt buy if gold price trades resiliently above 1492.2

Plan B : Cut below 1488

Plan C : Consider selling if gold price fails to regain footing above 1500

Plan D : Cut above 1504.6




 

 

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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