Where Futures Lies

Daily Futures Trading Strategy 7 October 2019 (Foreign Market)

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Publish date: Mon, 07 Oct 2019, 04:14 PM
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FUTURESCOIN IS GOING GLOBAL

 

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 Friday after data showed a moderate increase in job growth in September, with the unemployment rate dropping to near a 50-year low, diminishing worries of a sharp slowdown in the world’s largest economy.

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Plan A : Continue to hold buying as long as market stays firm above 26430
Plan B : Cut below 26400
Plan C : Consider to sell if market falls below 26410
Plan D : Cut above 26445

 

 

E-Mini S&P 500

 

 

Stocks will try to regain their mojo as China and the U.S. hold long-awaited trade negotiations in Washington.

 

The S&P 500 slid about 0.3% this week and the index is experiencing its first three-week losing streak since August.

 

Wall Street’s poor performance for the week comes after a disappointing U.S. manufacturing data report sparked fears of a recession. The report itself pointed to trade as a key source of weakness for the manufacturing sector, making this week’s trade talks the key focus for traders.

 

The S&P 500 gained +1.42%, or +41.38 to close at 2952.01 on Friday. The S&P 500 healthcare sector saw a negative total return of 0.2% in September, making it the worst-performing sector when compared to the overall S&P 500 Index, which recorded a gain of 1.9% in the market, according to data compiled by S&P Global Market Intelligence.

 

Financials stock led the gains in the S&P 500 Index in September, with a total return of 4.6%, followed by S&P 500 Utilities with a gain of 4.3%.

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Plan A : Sell if market failed to support above 2920.25. Targets are 2905.25, 2894.75 and 2884.50.

Plan B : Sell if market rebounded and resisted around 2948.25. Targets are 2933.50, 2922.25 and 2912.50.

Plan C : Buy if market retraced but supported firm above 2904.25. Targets are 2919.50, 2930.25 and 2938.75.

 

 

 

E-Mini Nasdaq

 

 

Stocks closed higher on Friday as the latest U.S. jobs report hit the sweet spot with Wall Street traders.


Nasdaq Composite also gained 1.4% to close at 7,982.47.

 

The Nasdaq rose about 0.5% week to date. At 2:31 p.m. ET, The Nasdaq Composite jumped 1.14% to 7,961.77. Advancing issues outnumbered declining ones on the Nasdaq by a 1.71-to-1 ratio favored advancers.


Friday’s jobs report was solid enough to dampen recession fears, but lackluster enough to keep the Federal Reserve on track to cut rates again later this month. Expectations for a 25 basis-point rate cut were at 79% on Friday, according to the CME Group’s FedWatch tool.

 

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Plan A : Sell if market failed to support above 7753.25. Targets are 7713.25, 7685.50 and 7653.75.

Plan B : Buy if market retraced later supported firm above 7677.25. Targets are 7717.25, 7746.50 and 7776.50.

Plan C : Sell if market failed to rebound from 7677.25. Targets are 7637.50, 7608.25 and 7577.50.

 

 

WTI Crude

 

Oil prices edged higher on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude posted its second consecutive weekly loss.

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 selling as long as oil price stays below 53.0

Plan B : Cut above 53.35

Plan C : Consider buying only if oil price able to breach and stays firm above 53.0

Plan D : Cut below 52.6

 

 

Gold

 

Gold steadied on Friday, paring earlier gains as bets the U.S. Federal Reserve would cut interest rates aggressively this year were tempered after better-than-expected U.S. jobs data, but bullion was still on track for a weekly gain.

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 buy as long as gold price stays firm above 1498.7

Plan B : Cut below 1495.7

Plan C : Consider selling if gold price fails to hold above 1507.4

Plan D : Cut above 1511.2



 

 

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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