FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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U.S. stock markets looked set to cheer a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow index futures rebounding around 2% from heavy losses a day earlier.
Plan A : Continue to hold long as long as market stays firm above 26670. Targets are 26705, 26745 and 26790.
Plan B : Cut below 26635.
Plan C : Sell if market recovers but fails to breach above 26865. Targets are 26830, 26790 and 26745.
Plan D : Cut above 26905.
Wall Street roared back to life on Wednesday, with the Dow and S&P 500 each ending more than 4% higher, as former Vice President Joe Biden's strong showing in "Super Tuesday" primary contests jolted healthcare stocks and upbeat economic data helped soothe worries about the coronavirus impact.
Plan A : Long if market supported firm above 3061.25. Targets are 3096.75, 3113.75 and 3125.50.
Plan B : Short if market fails to breach above 3125.50. Targets are 3096.75, 3071.00 and 3061.25.
U.S. stocks jumped on Wednesday as investors cheered Joe Biden's surprise lead in the Democratic primaries. Nasdaq gained almost 4% to close at 9018.09 yesterday.
Plan A : Long if market supported firm above 8852.25,.Targets are 8883.25, 8899.25 and 8944.50.
Plan B : Short if market fails to breach above 8899.25. Targets are 8883.25, 8863.50 and 8852.25.
WTI Crude
Oil prices fell on Wednesday despite expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
Plan A : Remain buy as long as oil price stays firm above 47.1
Plan B : Exit below 46.7
Plan C : Consider selling if oil price fails to hold above 47.1
Plan D : Cut above 47.5
Gold
Gold held steady on Wednesday following a sharp rise in the previous session on the U.S. Federal Reserve's surprise rate cuts, as a firmer dollar and strong uptick in risk sentiment limited bullion's upside.
Plan A : Remain buy as long as gold price stays firm above 1625.3
Plan B : Exit below 1619
Plan C: Consider selling if gold price surges but fails to breach above 1653
Plan D : Cut above 1660.3
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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