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Daily Futures Trading Strategy 17 March 2022 (Foreign Market)

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Publish date: Thu, 17 Mar 2022, 03:20 PM
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           WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

 
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E-Mini Dow

 
Main Wall Street stock indexes and U.S. Treasury yields rose on Wednesday after the U.S. Federal Reserve hiked interest rates and laid out an aggressive plan for further increases to combat inflation.

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

Plan A: Remain buy as long as market trades firmly above 33722. Targets are 34030 and 34316.
 
Plan B: Consider short if market surges but fails to breach and stay above 33958. Targets are 33722 and 33354.




E-Mini S&P 500
 
Stocks rallied in a wild session after the Federal Reserve raised rates and said it would hike another six times this year.

The S&P 500 added 2.2% to 4,357.86.


The Fed forecast a consensus funds rate of 1.9% by year’s end, which would mean a hike at each of the remaining central bank meetings this year.

The 10-year Treasury yield touched its highest level since 2019 after the Fed’s statement.

Bank shares gained on optimism their bottom lines would get a boost from higher rates. JPMorgan shares added 4.4%, while Bank of America added 3.1%.

Micron Technology was among the best-performing S&P 500 stocks, gaining more than 8.9%

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

 
Plan A: Long if market supported firm above 4354. Targets are 4366 and 4369.
 
Plan B: Short if market failed to support above 4354. Targets are 4348 and 4331.
 
 
 
 
 
E-Mini Nasdaq
 
U.S. stock futures were generally quiet early Thursday morning as investors digested the latest projections from the Federal Reserve.

Nasdaq-100 futures gained around 0.2%.

The Fed significantly raised its projections for rate hikes and inflation in 2022, but investors appear to have taken those aggressive changes as proof the central bank was taking the rise in prices seriously.
 
Tech stocks, which have been struggling broadly since late last year, outperformed sharply on Wednesday. Shares of Facebook-parent Meta Platforms rose 6%, while Netflix added 4%.
 
Investors also monitored the war in Ukraine. On Wednesday, reports of progress on ceasefire negotiations helped boost stocks. U.S. President Joe Biden approved additional weapons to be sent to Ukraine.

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

 
Plan A: Consider long if market supports firmly above 13978 and rebound. Targets are 14007 and 14031.
 
Plan B : Consider short as long as market stays below 13978. Targets are 13942 and 13917.



 
 
HSI
 
Hong Kong stocks jumped 9% on Wednesday to mark their best day since 2008, after China's top policymaker assured markets of stability and support and helped put a floor under sectors hurt by a regulatory crackdown.
 

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

Plan A: Remain buy as long as market trades firmly above 20967. Targets are 21499 and 21647.
 
Plan B: Consider short if market surges but fails to breach above 21647. Targets are 21499 and 21190.
 


 
 
WTI Crude
 
Oil fell on Wednesday in another volatile session as traders reacted to hoped-for progress in Russia-Ukraine peace talks and a surprising increase in U.S. inventories.
 

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Plan A: Remain short as long as oil price trades below 104.5. Targets are 96.5 and 88.4.

Plan B: Consider long if oil price trades firmly above 96.5 and rebound. Targets are 98.7 and 104.5.

 

 
 
Gold
 
Gold prices steadied on Wednesday as the dollar weakened after the U.S. Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move.
 

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

Plan A: Remain short as long as gold price trades below 1957.3. Targets are 1918.7 and 1903.9.

Plan B: Consider long if gold price trades firmly above 1918.7 and rebound. Targets are 1930.6 and 1942.5.

 

 

 

 

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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