$Apple(AAPL)$ $E-mini -(YMmain)$ $Microsoft(MSFT)$ $John Deere(DE)$ $Visa(V)$
๐ฏ๐๐Futures Frenzy: Master the Markets Before the Bell Rings! ๐๐ฏ๐
Kia ora Tiger traders!
Itโs Monday morning, 30 September 2024, ๐ณ๐ฟ New Zealand time, and the futures are showing us whatโs in store for the markets when the U.S. wakes up. Letโs break down the futures data and what it means for key stocks across Dow, Nasdaq, and S&P 500. ๐๐๐
๐ What Are Futures?
Futures allow traders to lock in prices for delivery later and give an early indication of market sentiment. By monitoring futures, you can gauge how the market might perform at the open. ๐๐ฎ
๐จ Futures: Your Crystal Ball ๐ฎ
Futures trade almost 24/7, providing insights into where global markets might go. If futures are up, stocks may open higher. If theyโre down, brace for volatility! ๐๐ป
๐ Global Market Insights for Monday
๐ Equity Index Futures:
โข E-mini S&P 500 ($ES): 5,785.75, down -18.75 points (-0.32%)
โข E-mini Nasdaq 100 ($NQ): 20,193.00, down -153.25 points (-0.75%)
โข E-mini Dow Jones ($YM): 42,624.00, up +69 points (+0.16%)
๐ Grouped by Index: Stocks Impacted by Futures
๐ฆ Dow Jones ($YM): ๐บ๐
โข Microsoft ($MSFT)
โข Apple ($AAPL)
โข Visa ($V) ๐ณ
โข Walmart ($WMT)
โข Lockheed Martin ($LMT)
โข Deere & Company ($DE)
What It Means: With $YM slightly up, these industrial and tech giants could benefit from market optimism. Expect Microsoft and Apple to potentially open higher, reflecting Dowโs upward trend ๐บ๐
๐ค Nasdaq-100 ($NQ): ๐ป๐
โข Nvidia ($NVDA)
โข Tesla ($TSLA) ๐๐
โข Intel ($INTC)
โข Alibaba ($BABA)
โข Palantir Technologies ($PLTR)
โข Wheaton Precious Metals ($WPM)
What It Means: $NQ futures are down, signalling pressure on tech stocks. Nvidia, Tesla, and Intel might struggle at the open, reflecting Nasdaqโs decline, especially as tech volatility continues. ๐ป๐
๐ฌ S&P 500 ($ES): ๐ป๐
โข Amazon ($AMZN)
โข Meta ($META)
โข Alphabet ($GOOGL)
โข Costco ($COSTCO)
โข HP ($HPQ)
โข Eastman Chemical Company ($EMN)
What It Means: The slight dip in $ES futures suggests mixed performance for tech and consumer stocks. Amazon and Meta might see slight pressure, while Costco could remain a safe haven as traders flock to consumer staples. ๐ป๐
๐ Commodities Update:
๐ข๏ธ Energy Futures:
โข WTI Crude Oil ($CL): $68.64, up +0.97 (+1.43%) ๐
โข Brent Crude Oil: $71.98, up +0.89 (+1.25%)
What It Means: Crude oil rising could mean a bullish outlook for energy stocks. Oil producers and refineries may benefit from tightening supply.
๐ฐ Precious Metals:
โข Gold ($GC): $2,680.80, down -14.1 points (-0.52%) ๐
โข Silver ($SI): $31.915, down -0.426 points (-1.32%) ๐ป
What It Means: Despite precious metals pulling back, gold and silver could rebound with any geopolitical or market instability, attracting safe-haven flows.
๐ฑ Forex Futures:
โข Euro FX ($6E): 1.11965, down -0.00165 (-0.15%)
โข Japanese Yen ($6J): 0.71020, up +0.01160 (+1.66%) ๐ด๐บ
What It Means: The stronger Yen hints at a risk-off sentiment, which may push traders towards safer assets like bonds and defensive stocks.
๐ฐ๏ธ The Global Market Cycle: Donโt Get Left Behind!
While the U.S. sleeps, Asia and Europe are already in action:
โข DAX is up 1.22% ๐บ, and FTSE 100 is up 0.41% ๐บ
โข Hang Seng Index (Hong Kong) is 3.55% higher ๐, signalling strength in Asian markets.
๐ Using Futures to Predict the Market
Futures give you an early look into market direction. If $ES, $NQ, or $YM are up, expect a higher open. If theyโre down, prepare for a rocky start. ๐จ๐
๐ก Avoid the โGap Shockโ
Checking pre-market futures helps you avoid gap shocksโwhen stocks open drastically higher or lower than expected. Stay prepared and adjust early! ๐๏ธ๐๐
๐ Key Futures Symbols to Watch:
โข $ES โ S&P 500 E-mini futures
โข $NQ โ NASDAQ-100 E-mini futures
โข $YM โ Dow Jones Industrial Average E-mini futures
โข $CL โ Crude Oil futures
โข $GC โ Gold futures
โข $SI โ Silver futures
๐ฏ Final Takeaway: Futures Are Your Competitive Edge
Futures give you a head start! Whether youโre trading stocks, commodities, or just watching the markets, futures provide a roadmap for the day ahead. Stay informed, stay ready, and always be ahead of the curve! ๐๐
Hey Tiger Traders ~ With tech stocks looking weak in the futures market, are you considering defensive plays, or going long on crude oil? Letโs chat! ๐ฅ๐ก
@TigerGPTHow does rising crude oil correlate with inflation expectations and tech sector performance in the short term?
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @TigerWire @TigerPM @TigerPicks @TigerStars @Daily_Discussion
Comments
Here are the latest stock quotes for the mentioned companies:
Apple (AAPL): No quote data available.
E-mini -(YMmain): No quote data available.
Microsoft (MSFT): No quote data available.
John Deere (DE): No quote data available.
Visa (V): No quote data available.
Please note that the quote data for these stocks is currently not available. I recommend checking with your trading platform or financial news sources for the most up-to-date information.
As the U.S. market gears up for action, hereโs how the pre-market futures are shaping up now:
โข Dow Futures: Down 32 points (-0.08%) ๐ป
โข S&P 500 Futures: Down 6.75 points (-0.12%) ๐
โข Nasdaq Futures: Down 38.25 points (-0.19%) ๐จ
โข Russell 2000 Futures: Down 2.10 points (-0.09%)
โข VIX Futures: Up 0.27%, signalling a bit of nerves ahead! โ ๏ธ
Looks like the marketโs still waiting for its morning coffee! โ๏ธ Brace for volatilityโit might be a bumpy ride! ๐๐
I'm all in for Harris! Blow Trump and his 50's side ride! Swifty fan ๐ฏโค๏ธ
As the U.S. market gears up for action, hereโs how the pre-market futures are shaping up now:
โข Dow Futures: Down 32 points (-0.08%) ๐ป
โข S&P 500 Futures: Down 6.75 points (-0.12%) ๐
โข Nasdaq Futures: Down 38.25 points (-0.19%) ๐จ
โข Russell 2000 Futures: Down 2.10 points (-0.09%)
โข VIX Futures: Up 0.27%, signalling a bit of nerves ahead! โ ๏ธ
Looks like the marketโs still waiting for its morning coffee! โ๏ธ Brace for volatilityโit might be a bumpy ride! ๐๐
This is interesting to read, thanks BC!
Great article, would you like to share it?