Where Futures Lies

Daily Futures Trading Strategy 19 February 2020 (Foreign Market)

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Publish date: Wed, 19 Feb 2020, 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 dropped on Tuesday as investors returned from a long weekend to a sales warning from Apple Inc that highlighted the impact of the coronavirus outbreak on global supply chains. 

The world’s most valuable technology firm said on Monday it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China.

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Plan A : Continue to short if market stays below 29333. 
Plan B : Cut above 29365. Targets are 29305, 29265 and 29215.
Plan C : Long only if market tested and rebounds from 29026.
Plan D : Cut below 28995. Targets are 29055, 29095 and 29140.

 

E-Mini S&P 500

 

The Dow closed the session down 165 points, posting its third straight day of losses. The benchmark fell as much as 280 points Tuesday after Apple’s warning about the coronavirus spurred caution. Apple closed off the lows, down 1.8%. The S&P 500 slid 0.29%, while the Nasdaq Composite eked out a small gain to close at a record as gains in Netflix, Facebook as well as Tesla supported the tech-heavy average.

 

The stock market may be hovering around all-time highs, but just 5 companies are contributing to the S&P 500′s earnings growth, Goldman Sachs said in a new note.

 

After crunching the data from the 397 S&P components that have reported earnings so far this quarter, the firm found that “FAAMG” — or Facebook, Amazon, Apple, Microsoft and Google parent Alphabet — grew their fourth quarter earnings by 16% year-over-over.

 

Overall, the S&P’s fourth quarter earnings are up 2%, but all of that is thanks to the FAAMG stocks. Without these 5 stocks, the index’s year-over-year earnings growth is flat.

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Plan A : Long if market supported firm above 3367.25. Targets are 3380.25, 3391.50 and 3399.75.

Plan B : Short if market failed to support above 3367.25. Targets are 3351.25, 3342.25 and 3330.50.

 

 

 

E-Mini Nasdaq

 

The Dow Jones Industrial Average fell for a third consecutive day Tuesday as investors weighed a stark warning from tech giant Apple.

The 30-stock average closed down 165 points at 29,232. The S&P 500 dipped 0.3% to end at 3,370, while the Nasdaq eked out a small gain to post a record closing high at 9,732.

Netflix rose 1.9% and reached a its highest level since July 2018, while Alphabet gained 0.1% to eke out an all-time high. Tesla also contributed to the Nasdaq’s gains, rising more than 7%. Apple also finished the session well off its lows of the day, closing 1.8% lower.

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Plan A : Long if market doesn't retrace much and supported firm above 9636.25. Targets are 9665.50, 9687.25 and 9702.25.

Plan B : Short if market failed to support above 9636.25. Targets are 9596.25, 9568.50 and 9538.50.

 

 

HSI

Hong Kong stocks fell on Tuesday as Apple Inc’s revenue warning due to slow production and weaker demand in virus-hit China took a toll on technology stocks.

At the close of trade, the Hang Seng index was down 429.40 points, or 1.5%, at 27,530.20. 

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Plan A : Above 27818, do nothing.
Plan B : Below 27266, do nothing.
Plan C : Consider to short if market does not breach above 27577.
Plan D : Cut above 27655.
Plan E : Attempt to long if market declines but does not falls below 27266.
Plan F : Cut below 27190.

 

 

WTI

 

Oil prices were little changed on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.

 

Brent crude was up 8 cents at $57.75 per barrel. US WTI crude futures settled unchanged at $52.05. Earlier in the session WTI fell to a session low of $51.15 per barrel.

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Plan A : Long if market supported firm above 52.68. Targets are 53.19, 53.45 and 53.80.

Plan B : Short if market failed to support above 52.68. Targets are 52.21, 51.89 and 51.58.

 

 

 

GOLD

 

Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic.

 

Autocatalyst metal palladium, meanwhile, scaled yet another record peak on a sustained supply shortfall.

 

Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10.

 

U.S. gold futures were up 0.1% to $1,604.80.

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

 

Plan A : Long if market supported firm above 1608.50. Targets are 1616.90, 1621.20 and 1626.80.

Plan B : Short if market failed to support above 1608.50. Targets are 1599.70, 1594.20 and 1588.50.



 

 

 

 

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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