Futures contracts tied to the major U.S. stock indexes fell early Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. 

The move comes after the Dow ended its historic 11-year bull market run by closing in a bear market.

As of 2:33 a.m. ET Thursday, Dow futures were down 1,013 points, implying a loss of 973.22 points at the open. S&P 500 and Nasdaq 100 futures were also sharply lower.

In his address, Trump announced travel from Europe will be suspended for 30 says as part of the government’s response to the coronavirus. Trump also said the administration would provide financial relief for workers who are ill, caring for others due to the virus or are quarantined. 

However, these announcements were not enough for investors who were looking for a more robust fiscal response to curb potentially slower economic growth.

Plan A : Long if market supported firm above 7654.25. Targets are 7680.25, 7700.50 and 7724.75.

Plan B : Short if market failed to support above 7654.25. Targets are 7618.25, 7588.50 and 7559.50.

WTI Crude

Plan A : Remain sell as long as oil price stays below 33.7

Plan B : Cut above 34.5

Plan C : Consider buying if oil price tumbles but holds firm above 32.5

Plan D : Cut below 32.0
 

Gold prices fell on Wednesday after rising as much as 1.3% earlier in the session, as traders sold the precious metal to cover margins for stock markets spooked by the global spread of coronavirus. 

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Plan A : Attempt buy only if gold price holds firm above 1650

Plan B : Cut below 1641

Plan C : Consider selling if gold price surges but fails to breach above 1663

Plan D : Cut above 1667.8

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.