FUTURESCOIN IS GOING GLOBAL
The Dow and S&P 500 fell on Monday following a record-setting session as traders worried about rising coronavirus cases and searched for clues on additional fiscal aid.
The S&P 500 dipped 0.2% to 3,691.96. The energy sector led the S&P 500 lower, sliding 2.4%.
The U.S. has reported a record-high average number of cases over the past seven days of more than 196,200. That's up 20% when compared to the week-earlier period. The U.S. was also approaching a record-high number of daily Covid-related deaths.
The rising caseload has led to increased calls for additional fiscal stimulus. However, lawmakers are struggling to push through new legislation before year-end.
Lawmakers have been at a stalemate over additional fiscal aid for months, raising concern about the economic recovery from the coronavirus pandemic.
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Plan A : Short if market failed to support above 3671. Targets are 3646, 3620 and 3590.
Plan B : Long if market doesn't retrace much and supported firm above 3671. Targets are 3687, 3705 and 3722.
Stock futures fell on Monday night as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise.
The Nasdaq Composite, rose 0.5% to 12,519.95 and hit a fresh record high.
Facebook rose 2.1%, and Apple gained 1.2% to lead the Nasdaq higher. Tesla also contributed to the Nasdaq’s gains, advancing 7.1% and reaching an all-time high.
Republican and Democratic leaders said Monday that Congress is trying to extend government funding for an additional week to try and strike a deal on new Covid-19 aid. The news came after a bipartisan group of senators unveiled a $908 billion stimulus proposal last week.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.
Plan A : Short if market failed to support above 12500. Targets are 12461, 12419 and 12378.
Plan B : Long if market doesn't retrace much and supported firm above 12500. Targets are 12532, 12568 and 12601.
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