Where Futures Lies
Daily Futures Trading Strategy 22 September 2022 (Foreign Market)
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Publish date: Thu, 22 Sep 2022, 03:01 PM
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WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.
Plan A: Remain short as long as market trades below 30859. Targets are 30078 and 29883.
Plan B: Consider long if market stays above 31055. Targets are 31250 and 31445.
E-Mini S&P 500
Stocks fell in volatile trading Wednesday after the Federal Reserve raised rates by 75 basis points and forecast more sizable rate hikes ahead in its fight to tame surging inflation.
The S&P 500 shed 1.71% to 3,789.93.
The S&P ended Wednesday’s session down more than 10% in the past month and 21% off its 52-week high. Even before the rate decision, stocks were pricing in an aggressive tightening campaign by the Fed that could tip the economy into a recession.
Stocks were volatile as traders parsed through the rate decision and the latest comments from Powell’s press conference. At its highs, the Dow was up more than 314 points.
The Fed raised rates by the widely expected 75 basis points and said it expects its so-called terminal rate to reach 4.6% to fight persistently high U.S. inflation. That’s the rate at which the central bank will end its tightening regime. The central bank also indicated that it plans to stay aggressive, hiking rates to 4.4% by next year.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.Plan A : Short if market failed to support above 3776. Targets are 3762 and 3750.
Plan B : Long if market retraced but supported firm above 3776. Targets are 3788 and 3801.
E-Mini Nasdaq
U.S. stock futures fell on Thursday morning following a volatile session in the major averages as traders weighed another large rate hike from the Federal Reserve.
Nasdaq Composite slumped 1.79% to 11,220.19.
Treasury yields popped on the news. The 2-year rate, which hit its highest level since 2007, popped up to 4.1%. The 10-year rate jumped to about 3.6% at the highs of the day.
The Federal Reserve passed through a third consecutive 0.75 percentage point increase. Policymakers pledged to continue raising rates as high as 4.6% in 2023 before pulling back in the fight against inflation, spurring fears on Wall Street that the economy could tip into a recession.
The central bank expects to raise its year-end rate to 4.4% in 2022, continuing aggressive action against rising prices through the remainder of the year.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.
Plan A : Short only if market failed to support above 11576. Targets are 118542 and 11510.
Plan B : Long if market retraced but supported firm above 11576. Targets are 11606 and 11340.
HSI
Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.
Plan A: Remain short if the market stays below 18594. Targets are 18281 and 18125.
Plan B: Consider long only if the market stays above 18594. Targets are 18750 and 18906.
WTI Crude
Oil prices fell about 1% to a near two-week low in volatile trade on Wednesday after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.
Plan A: Remain short as long as oil price stays below 84.77. Targets are 82.42 and 82.02.
Plan B: Consider long only if oil price stays above 84.77. Targets are 85.94 and 86.72.
Gold
Gold rose a off two-year low on Wednesday even as the dollar rose to the highest in 20 years ahead of an interest-rate hike coming from the Federal Reserve as geopolitical tensions rose after Vladimir Putin said he will mobilize additional troops for his war on Ukraine.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.
Plan A: Remain short as long as gold price stays below 1687.5 Targets are 1668 and 1656.3.
Plan B: Attempts long only if gold price stays above 1687.5. Targets are 1695.3 and 1703.1.
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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