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Daily Futures Trading Strategy 17 December 2019 (Foreign Market)

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Publish date: Tue, 17 Dec 2019, 06:12 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 rose on Monday as the top U.S. trade negotiator said a deal would nearly double exports to Beijing over the next two years, but Boeing was set to cap gains for the S&P 500 and Dow on production concerns about its grounded jet.

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Plan A : Continue to long if market stays firm above 28202. Targets are 28235, 28275 and 28310.

Plan B : Cut below 28175.

Plan C : Consider to short if market falls below 28200. Targets are 28170, 28135 and 28090.

Plan D : Cut above 28235.




E-Mini S&P 500

 

Stocks hit record highs on Monday and were on pace for their fourth straight gain as a so-called phase one trade deal between China and the U.S. clears the path higher for Wall Street to end a banner year.

 

The S&P 500, Dow and Nasdaq all closed at record highs on Monday. The S&P finished at 3,191.45, up 0.71%, and was just 9 points away from its next technical test at 3,200.

 

A more than 5% rally could be in the cards for the S&P 500 as headwinds from the U.S.-China trade war and Brexit subside, while major central banks keep rates low, Bank of America’s Michael Hartnett says.

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Plan A : Long if market supported firm above 3195.25. Targets are 3210.25, 3218.75 and 3227.25.

Plan B : Short if market failed to support above 3195.25.  Targets are 3181.25, 3169.50 and 3158.25.

 

 

 

E-Mini Nasdaq

 

More individual stocks are hitting new highs, and that often bodes well for further market gains.

 

The Nasdaq Composite jumped 0.91% to 8,814.23.

 

According to Sentiment Trader, just about a year ago about 40% of stocks listed on the NYSE and Nasdaq hit new 52-week lows. Last week, as key market indices continued to hit new highs, a net 7% of NYSE and Nasdaq stocks made new 52-week highs, the most in six months.

 

In another bullish sign, advancing issues outpaced losers three-to-one on Monday. The NYSE had 241 new highs and 27 new lows, while the Nasdaq had 342 new highs and 62 new lows. Market volume for the exchanges Monday was 6.4 billion shares, which was above its 50-day average of 5.6 billion shares.

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Plan A : Short if market failed to support above 8604.25. Targets are 8565.25, 8537.50 and 8507.25.

Plan B : Long if market supported firm above 8604.25. Targets are 8643.25, 8672.25 and 8700.25.

 

 

 

HSI

 

Hong Kong stocks ended lower on Monday, as lingering concerns about the anti-government protests in the Asian financial hub outweighed enthusiasm over an initial trade deal between Washington and Beijing.

 

The Hang Seng index fell 0.7% to 27,508.09. 

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Plan A : Above 27949, do nothing
Plan B : Below 27505, do nothing
Plan C : Attempt to short if market does not breach above 27949
Plan D : Cut above 28025
Plan E : Consider to long if market trades firmly above 27585
Plan F : Cut below 27505

 

 

WTI Crude

 

Oil prices rose slightly on Monday on hopes energy demand will benefit from the trade deal between United States and China announced last week, but prices remained below the previous session's three-month highs.

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Plan A : Remain buy as long as oil price stays firm above 59.6

Plan B : Exit below 59.2

Plan C : Consider selling if oil price fails to breach above 60.4

Plan D : Cut above 60.8

 

 

 

Gold

 

Gold held steady on Monday as the dollar eased and investors sought clarity on the fine print of the "phase one" trade deal between the United States and China, offsetting strong gains in the equities markets.

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

Plan A : Remain buy as long as gold price stays firm above 1468.9

Plan B : Exit below 1465

Plan C : Consider selling if gold price surges but fails to breach above 1480.4

Plan D : Cut above 1484

 

 

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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