Futures Trading Education
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“Since I signed up to your Platinum service in December 2015, my trading has improved immeasurably. Your knowledge, insight and experience in the markets is quite incredible, with a 80% plus strike rate across nine markets. The daily commentary alone is worth the money, let alone taking the trades and I cannot recommend your platinum service enough for anyone who wants to avoid the daily pitfalls of financial trading. Keep it up and I look forward to many years reading and trading on your service.”Don Morrissey
U.S. Equity Markets sank, bulging the Dow Jones Industrial Average’s loss in the Quarter to a level not seen since 1987 as the pandemic almost certainly plunged the American economy into recession. The blue-chip index tumbled 23% in the three months, closing the session with a 1.8% drop. The S&P 500 fared little better, even after a furious, weeklong 17% rally that halted Tuesday. The NASDAQ 100 fell least among major Indexes, as dip-buyers targeted the cash-rich tech megacaps that make up its core. The Russell 2000 plunged 31% in the Quarter, the most in data going back to 1979. There was almost nowhere to hide for Dow investors, as all but one of the 30 members ended lower for the year. Boeing plunged 54%, while Chevron and Exxon sank at least 39% after oil suffered its worst quarterly beatdown on record. Microsoft fared best, ending higher by 0.01%. Risk assets around the world tumbled in the period as governments instituted unprecedented shutdowns in large swaths of the global economy to combat the spread of the deadly Coronavirus. Massive government spending and monetary stimulus lifted U.S. stocks from a rout that reached 33%, but the hit to GDP is shaping up to be monumental, with Goldman Sachs now forecasting a 34% contraction in the Second Quarter before a sharp rebound.
As March ends, here are some of the major Quarterly moves:
- The record bull market in U.S. stocks turned into a bear market on March 12, 11 years and three days after the last one ended.
- Bloomberg’s Dollar Index surged 5%, most since 2016, even after tumbling more than 3% since March 23.
- The CBOE Volatility Index averaged 57 in March, triple the mean in the prior decade.
- European shares plunged more than 20% for the worst three months since 2002. Spain lost 30%.
- West Texas oil lost 67%, the worst Quarter on record.
- The 10-year Treasury yield hit 1.94% on Jan. 20. It fell to 0.31% by March 9 and is just above 0.67% now.
- Gold topped $1,700 in early March before plunging $200 an ounce. It’s on track for a sixth Quarterly gain.
- China’s Shanghai Composite lost 10%, while Tokyo’s Topix fell almost 20% in its worst three months since 2008.
- Copper fell 23% and Nickel lost 19%, both most since 2011.
- The Pound fell more than 6%, while the Yen was virtually flat versus the Dollar.
- South Africa’s Rand had its worst quarter since 2001 and Mexico’s Peso fell the most since 1995.
Quarter two is starting weak. U.S. and European stock futures tumbled with Asian shares as investors took in worsening American Coronavirus figures and assessed the latest manufacturing data from China. Treasuries climbed. Futures on the S&P 500 Index slid more than 2.5% after President Donald Trump warned of a “painful” two weeks ahead, with the country grappling to get the outbreak under control and New York City’s death toll now topping 1,000. Stocks in Japan hit session lows in the final hour of trading, down about 4%. Hong Kong shares were also lower, with two of the city’s largest lenders, Standard Chartered Plc and HSBC Holdings Plc, suspending dividend payments because of the virus. Chinese shares outperformed as a private reading on the country’s manufacturing sector beat expectations, rebounding in March.
To mark my 2050th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on email@example.com for details
For anyone following my Platinum Service it made 340 points yesterday to finish March with a gain of 9264 points, having made 2223 points in February, 2142 points in January, 818 points in December, 780 points in November, 1649 points in October, 1620 points in September and 2387 points in August Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking
U.S. Equity Markets rallied as investors saw glimmers of optimism in efforts to deliver rapid testing for the new Coronavirus. The US Dollar rose. The S&P 500 Index climbed for the fourth time in five days, rising 17% over the last week, with health-care shares among...
U.S. Equities Markets weathered a late-Friday plunge to post their best week in over 10 years, buoyed by an unprecedented stimulus package meant to blunt the economic impact of the Coronavirus pandemic. Treasuries gained and oil slipped. The S&P 500 Index climbed 10%...
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