Highlights

Futurescoin

Author: Futurescoin   |   Latest post: Wed, 28 Oct 2020, 6:11 PM

 

Daily Futures Trading Strategy 16 October 2020 (Foreign Market)

Author:   |    Publish date:


                                                                  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

 
Overnight Dow ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
 

Plan A : Attempt sell if market trades below 28492. Targets are 28319 and 28180.
 
Plan B : Consider buy only if market able to support well above 28319. Targets are 28492 and 28569.
 
 
E-Mini S&P 500
 

Stocks fell for a third day in a row on Thursday as hope for a U.S. coronavirus stimulus deal continues to decrease while infections across Europe are on the rise.

The Dow closed 19.8 points lower, or 0.07%, at 28,494.20. Earlier in the day, however, the 30-stock average was down more than 300 points. The S&P 500 slid 0.2% to 3,483.34 and the Nasdaq Composite pulled back 0.5% to 11,713.87.

Facebook led most of Big Tech lower, falling 1.9% amid rising regulatory concerns. Amazon dipped 0.8%. Alphabet and Microsoft each fell 0.5% and Apple dipped 0.4%. Those losses were somewhat offset by gains in bank and energy names. JPMorgan Chase, Morgan Stanley and Citigroup were all up more than 1%. Exxon Mobil and Chevron gained 0.9% and 0.8%, respectively.

Thursday’s losses marked the third straight daily decline for the major averages, their longest losing streak in nearly a month.

Meanwhile, the Labor Department said Thursday there were 898,000 first-time filers of jobless benefits in the prior week, higher than a Dow Jones estimate of 830,000.

The uncertainty over new U.S. fiscal aid and disappointing economic data, along with the spike in coronavirus cases in Europe, came as investors waded through a slew of corporate earnings results.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

Plan A : Long if market doesn't retrace much and supported firm above 3457. Targets are 3472, 3484 and 3500.

Plan B : Short if market failed to support above 3457. Targets are 3438, 3417 and 3390.

 
 
E-Mini Nasdaq
 

Stock futures were muted in overnight trading on Friday as investors await the latest retail sales data.

Retail sales data, due Friday at 8:30 a.m. ET, will offer an update on the recovery in consumer spending. Economists polled by Dow Jones expect retail sales to rise by 0.7% in September, following a 0.6% rebound in August. Excluding autos, sales were expected to rise by 0.4%.

The Dow and the S&P 500 closed well off their lows Thursday, however, helped by strength in cyclical stocks including financials and real estate names.

Stocks’ weakness this week came amid the uncertainties around further coronavirus stimulus as well as fears of a worsening pandemic around the world.

Lawmakers in Washington continued to send mix signals about progress toward a stimulus deal.Treasury Secretary Steven Mnuchin said Thursday that the White House won’t let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

Plan A : Long if market doesn't retrace much and supported firm above 11862. Targets are 11890, 11918 and 11955.

Plan B : Short if market failed to support above 11862. Targets are 11825, 11788 and 11740.
 

 
HSI
 
Hong Kong shares slumped on Thursday as investor sentiment took a blow from escalating Sino-U.S. tensions, a surge in global COVID-19 cases and the impasses over a U.S. stimulus package to boost the world's largest economy.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

Plan A : Remain short as long as market stays below 24166. Targets are 24082 and 23980.

 
Plan B : Consider buy only if market supported firmly above 23980 and rebound. Targets are 24082 and 24166.
 
 
 
WTI Crude
 
Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

Plan A : Long if oil price trades firmly above 40.6. Targets are 41.2 and 41.8

Plan B : Consider short only if oil price surges but fails to breach above 41.2. Targets are 40.6 and 39.9
 
 
 
Gold
 
Gold prices edged up on Thursday after U.S. President Donald Trump reignited hopes of a coronavirus stimulus package before the Nov.3 elections, but a strong dollar kept the metal's gains in check.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

 
Plan A : Short if gold price trades below 1910. Targets are 1893 and 1885.
 
Plan B : Consider buy if gold price holds resiliently above 1893 and rebounds. Targets are 1910 and 1935.
 

 

 

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.

 

 
Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

91  158  123  731 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Jiutian Chemical 0.083+0.001 
 Rex Intl 0.145+0.014 
 Aspen 0.255-0.02 
 Sembcorp Marine 0.128-0.001 
 ThaiBev 0.58-0.005 
 Genting Sing 0.665-0.01 
 CapitaMall Trust 1.820.00 
 Sembcorp Ind 1.61+0.07 
 SingTel 2.09-0.01 
 YZJ Shipbldg SGD 0.945-0.02