Where Futures Lies

Daily Futures Trading Strategy 4 January 2022 (Foreign Market)

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Publish date: Thu, 04 Jan 2024, 03:37 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
 
U.S. stock indexes ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal Reserve's December meeting failing to shake off the funk hanging over markets.
 

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Plan A: Remain short as long as market trades below 37646. Targets are 37402 and 37304.
 
Plan B: Consider long if market stays above 37646. Targets are 34695 and 37744.


E-Mini S&P 500

The S&P 500 fell Tuesday, the first trading day of the year, as bond yields inched higher and investors took some money off the table following a surprisingly strong 2023.

The stock market finished 2023 with a bang, as the S&P 500 climbed for nine weeks in a row to end the year, notching its best weekly win streak since 2004. Risk assets enjoyed a big relief rally as the economy remained resilient and inflation cooled, while the Federal Reserve signaled an end to rate hikes and forecasted rate cuts later this year. The market also endured a regional banking crisis as well as wars in Ukraine and the Middle East.
 
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Plan A: Long if market supported firm above 4760. Targets are 4779 and 4788.

Plan B: Short if market failed to support above 4760. Targets are 4751 and 4745.


E-Mini Nasdaq

 

The broad market index lost 0.57% to settle at 4,742.83. The Nasdaq Composite pulled back by 1.63% to 14,765.94, for its worst day since October.

Apple shares slid more than 3% after Barclays downgraded the member of the Magnificent Seven market leaders basket to an underweight rating. On the other hand, the Dow remained in positive territory as defensive stocks like Johnson & Johnson and Merck strengthened.

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Plan A: Long if market retraced but supported firm above 16714. Targets are 16745 and 16778.
 
Plan B: Short if market fall below 16714. Target are 16685 and 16659
HSI
Hong Kong stocks finished in negative territory on Wednesday, extending a weak start to the year following a broadly negative performance on Wall Street.

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Plan A: Remain short if the market stays below 16875. Targets are 16563 and 16406.

Plan B: Consider long only if the market stays above 16875. Targets are 17031 and 17188.

WTI Crude
WTI crude futures climbed higher to $73 per barrel on Wednesday, the biggest daily gain since mid November.

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Plan A: Remain long as long as oil price stays above 71.88. Targets are 73.44 and 74.22.

Plan B: Consider short only if oil price stays below 71.88. Targets are 71.09 and 70.31.

 
Gold
Gold retreated on Wednesday, on course for its largest percentage decline in over three weeks, after minutes from the U.S. Federal Reserve's latest policy meeting flagged uncertainty about the timing of potential interest-rate cuts.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jan subscription.
Plan A: Remain short as long as gold price stays below 2062.50. Targets are 2031.25 and 2015.62.
Plan B: Attempts long only if gold price stays above 2062.50. Targets are 2074.21 and 2082.03.
 
 

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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