Where Futures Lies

Daily Futures Trading Strategy 4 November 2019 (Foreign Market)

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Publish date: Mon, 04 Nov 2019, 05:41 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. stocks rose sharply on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data. Dow closed 301 points higher, or 1.1% to 27,347. 

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

Plan A : Attempt buy if market trades firmly above 27121. Targets are 27230, 27280 and 27330.

Plan B : Cut below 27090.

Plan C : Attempt to sell if market surges but fails to breach above 27330. Targets are 27270, 27180 and 27130.

Plan D : Cut above 27360.

 


E-Mini S&P 500

 

Stocks rose sharply on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data.
 

The S&P 500 gained 0.97%, or 29.35 points to end the day at 3,066.91, a fresh record close. 

 

Around 70% of S&P 500 companies have reported quarterly numbers thus far, according to FactSet. Of those companies 75% have reported better-than-expected earnings.


November is the third-best month for the S&P 500, which has been higher two-thirds of the time since World War II with an average 1.3% gain, according to CFRA. As good as November has been, December is even better, and as the No. 1 month, it is up 76% of the time with an average 1.6% gain. November, however, is the month that has seen the most new highs for the S&P, on a percentage basis, according to CFRA.

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

Plan A : Short if market failed to support above 3056.25. Targets are 3041.50, 3030.25 and 3021.75.

Plan B : Long if market retraced but supported firm above 3025.25. Targets are 3040.25, 3051.50 and 3062.25.



 

E-Mini Nasdaq


The S&P 500 and Nasdaq both traded in record territory in the past trading week, boosted by some better economic news, a better-than-expected earnings season, and hopes that trade talks will soon lead to a first-phase deal between the U.S. and China. On Friday, China said it reached a consensus with the U.S. in principle after a phone call among high-level negotiators.


The Nasdaq Composite also hit an all-time high, climbing 1.13% or +29.35 points to 8,386.40. Apple shares rose more than 2% to a record high, lifting the Nasdaq.

 

Shares in Asia Pacific rose on Monday amid optimism on the U.S.-China trade front. Mainland Chinese shares advanced on the day, with the Shanghai Composite up 0.58% to about 2,975.49 and Shenzhen Component gaining 0.67% to 9,868.13. The Shenzhen composite also advanced 0.592% to around 1,646.70. In Hong Kong, the Hang Seng Index jumped 1.38%, as of its final hour of trading. 

 

Factory orders data will be on the agenda Monday as investors look for more signs of a healthy economy. 

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

Plan A : Short if market failed to support above 8174.25. Targets are 8134.25, 8103.75 and 8072.75.

Plan B : Long if market retraced but supported firm above 8081.25. Targets are 8121.50, 8151.25 and 8182.75.  




HSI


Hong Kong's main stock index closed at its highest level in over six weeks on Friday as a surprise rise in factory activity in mainland China and increased hopes of a U.S.-China trade agreement cheered investors.

 

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

Plan A : Above 27300, do nothing
Plan B : Below 26995, do nothing
Plan C : Attempt to long if market supported above 27090
Plan D : Cut below 27060
Plan E : Consider to short if market surges but fails to breach above 27270
Plan F : Cut above 27300


 

WTI Crude

 

Oil prices rose nearly 4% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers. But the move higher was not enough to recover losses earlier in the week and oil ended the week lower.

 

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

 

Plan A : Attempt sell if oil price surges but fails to breach above 56.4

Plan B : Cut above 56.75

Plan C : Consider buying if oil price holds resiliently above 55.9

Plan D : Cut below 55.3




Gold


Gold prices eased on Friday as better-than-expected U.S. jobs numbers and strong factory data from China bolstered sentiment for riskier assets.

 

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

 

Plan A : Remain buy as long as gold price holds steadily above 1507.4

Plan B : Exit below 1502

Plan C : Consider selling only if gold price surges but fails to breach above 1518.2

Plan D : Cut above 1524

 

 

 

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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