Where Futures Lies

Daily Futures Trading Strategy 8 February 2022 (Foreign Market)

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Publish date: Tue, 08 Feb 2022, 03:48 PM
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           WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

 
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E-Mini Dow

 
Wall Street was mixed on Monday, as investors digested recent quarterly results from megacaps Amazon and Facebook owner Meta Platforms, while Peloton jumped following reports of interest from potential buyers, including Amazon.

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Plan A: Consider long if market able to stabilize above 34800. Targets are 35100 and 35300.
 
Plan B: Attempt short if market surge fails to break 35210. Targets are 34800 and 34600.


 

 

E-Mini S&P 500
 

U.S. stock index futures were muted in early morning trading Tuesday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this week.

During regular trading on Monday the S&P 500 slid 0.37%.

On Thursday the Labor Department will release January’s consumer price index data. The reading follows a stronger-than-expected January jobs report, which has led to speculation that the Federal Reserve could be more aggressive when it comes to hiking rates. The inflation data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago.

Communications services was the worst-performing S&P 500 sector on Monday, declining 2.2% amid a 5% dip for shares of Facebook-parent Meta. Shares of the social media giant are down 28% this month following the company’s disappointing earnings report.

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 4482. Targets are 4491, 4509 and 4515.
 
Plan B: Short only if the market failed to support above 4482. Targets are 4477, 4462 and 4453.



 
E-Mini Nasdaq
 
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.

The Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September 2020.

Strong earnings from Microsoft, Apple and Alphabet drove investors back into tech, reminding them that fundamentals are still strong, but Meta Platforms’ weak guidance has caused some to reverse course.

 

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 14578. Targets are 14609, 14631 and 14666.
 
Plan B: Short if market failed to support above 14578. Targets are 14542, 14514 and 14488.


 

 

HSI
 
Hong Kong’s Hang Seng index close flat as energy, financial gains counter losses in tech. China stocks closed up on Monday, as markets played catch-up with last week's gains in global equities and rebounded from sharp sell-offs seen before the week-long Lunar New Year holiday.
 

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 short if market stays below 24500. Targets are 24300 and 24000.
 
Plan B: Attempt long if market stay firm above 23950. Targets are 24200 and 24350.

 


 
WTI Crude
 
Oil prices settled lower on Monday on faint signs of progress in nuclear talks between the United States and Iran, which could lead to the removal of U.S. sanctions on Iranian oil sales.
 

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 90.80. Targets are 91.60 and 92.30.

Plan B : Consider short if oil price surges but fails to breach above 92.40. Targets are 91.10 and 90.40.

 


 
Gold
 
Gold prices climbed to a more than one-week high on Monday, supported by inflation worries and lingering geopolitical risks, as markets awaited key U.S. inflation data for cues on the Federal Reserve's interest rate hike trajectory.
 

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 if gold price trades firmly above 1808 and rebound. Targets are 1825 and 1835.

Plan B: Attempt short if price surge but fails to break 1831. Targets are 1818 and 1813.

 

 

 
 

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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