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Daily Futures Trading Strategy 4 February 2022 (Foreign Market)

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Publish date: Fri, 04 Feb 2022, 03:40 PM
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We track market on a daily basis and we adjust our planning according to the market movement. It is very vital for traders to adapt and react to changes.We have prioritized group that gets our first hand info on trading. If you are interested, please drop us an email at futures.coin@gmail.com for further detail. On the other hand, please follow us at our blog http://futurescoin.blogspot.com/ as posting will be early in our blog than I3investor.

          WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

 
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E-Mini Dow

 
The Wall Street benchmarks slumped on Thursday after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting, abruptly ending a nascent recovery built on upbeat earnings from big tech companies.

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

Plan A: Remain short as long as market stays below 35230. Targets are 34940 and 34760.
 
Plan B: Consider long if market able to stabilize above 34940 and rebound. Targets are 35200 and 35430.


 
E-Mini S&P 500
 

U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results.

Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September 2020. The S&P 500 had its worst day in nearly a year, sliding 2.4% to 4,477.44.

U.S. jobless claims came in at 238,000 for the week ending Jan. 29, the Labor Department reported Thursday, slightly fewer than expected.

Those numbers followed the release of ADP’s surprisingly downbeat private payrolls data Wednesday. Investors are still looking forward to Friday’s release of nonfarm payrolls data. Consensus estimates see a gain of 150,000 jobs, according to Dow Jones, but Wall Street forecasters say the actual tally will be far lower, with one estimating a loss of 400,000 jobs in January.

The 10-year U.S. Treasury yield gained in anticipation of Friday’s data, adding to the pain in tech stocks.

 

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

 

Plan A: Long if market supported firmly above 4519. Targets are 4528, 4535 and 4550.
 
Plan B: Short only if the market failed to support above 4519. Targets are 4502, 4495 and 4487.


 

 

E-Mini Nasdaq

 
Stock futures rose in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more than a year.

Several technology stocks posted huge after-hours gains following strong quarterly results. Amazon jumped more than 14%, Pinterest surged more than 20% and Snap rocketed up around 59% after reporting earnings.

The moves come after a disappointing earnings report from Facebook parent Meta sent the mega-cap tech stock lower and weighed on equity markets.

The focus now turns to the January jobs report set for release Friday morning. Economists surveyed by Dow Jones expect a gain of 150,000 jobs, but some losses as large as 400,000.

 

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

 

Plan A: Long if the market supported firmly above 14753. Targets are 14785, 14818 and 14840.
 
Plan B: Short if market failed to support above 14753. Targets are 14723, 14690 and 14668.

 

 

 
 
WTI Crude
 
Oil prices edged higher on Thursday, maintaining their upward trajectory built on expectations that supply will tighten further even after OPEC+ producers stuck to planned moderate output increases.
 

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

Plan A: Remain buy as long as oil price stays firm above 88. Targets are 91.40 and 92.80.

Plan B : Consider short if oil price surges but fails to breach above 91.40. Targets are 89.10 and 88.



 
 
Gold
 
Gold prices steadied on Thursday, as a weaker dollar and risk-off sentiment in the equity markets helped counteract pressure from a jump in U.S. Treasury yields.
 

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

Plan A: Consider long if gold price trades firmly above 1803 and rebound. Targets are 1809 and 1816.

Plan B: Attempt short if price surge but fails to break 1809. Targets are 1803 and 1795.

 

 

 

 

 

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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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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