Stocks rose sharply on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data.
 

The S&P 500 gained 0.97%, or 29.35 points to end the day at 3,066.91, a fresh record close. 

Around 70% of S&P 500 companies have reported quarterly numbers thus far, according to FactSet. Of those companies 75% have reported better-than-expected earnings.

Shares in Asia Pacific rose on Monday amid optimism on the U.S.-China trade front. Mainland Chinese shares advanced on the day, with the Shanghai Composite up 0.58% to about 2,975.49 and Shenzhen Component gaining 0.67% to 9,868.13. The Shenzhen composite also advanced 0.592% to around 1,646.70. In Hong Kong, the Hang Seng Index jumped 1.38%, as of its final hour of trading. 

Factory orders data will be on the agenda Monday as investors look for more signs of a healthy economy. 

Plan A : Short if market failed to support above 8174.25. Targets are 8134.25, 8103.75 and 8072.75.

Plan B : Long if market retraced but supported firm above 8081.25. Targets are 8121.50, 8151.25 and 8182.75.  

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WTI Crude

Oil prices rose nearly 4% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers. But the move higher was not enough to recover losses earlier in the week and oil ended the week lower.

FUTURESCOIN IS GOING GLOBAL

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

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Plan A : Attempt buy if market trades firmly above 27121. Targets are 27230, 27280 and 27330.

Plan B : Cut below 27090.

Plan C : Attempt to sell if market surges but fails to breach above 27330. Targets are 27270, 27180 and 27130.

Plan D : Cut above 27360.

 

E-Mini S&P 500

November is the third-best month for the S&P 500, which has been higher two-thirds of the time since World War II with an average 1.3% gain, according to CFRA. As good as November has been, December is even better, and as the No. 1 month, it is up 76% of the time with an average 1.6% gain. November, however, is the month that has seen the most new highs for the S&P, on a percentage basis, according to CFRA.

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Plan A : Short if market failed to support above 3056.25. Targets are 3041.50, 3030.25 and 3021.75.

Plan B : Long if market retraced but supported firm above 3025.25. Targets are 3040.25, 3051.50 and 3062.25.

E-Mini Nasdaq

The S&P 500 and Nasdaq both traded in record territory in the past trading week, boosted by some better economic news, a better-than-expected earnings season, and hopes that trade talks will soon lead to a first-phase deal between the U.S. and China. On Friday, China said it reached a consensus with the U.S. in principle after a phone call among high-level negotiators.

The Nasdaq Composite also hit an all-time high, climbing 1.13% or +29.35 points to 8,386.40. Apple shares rose more than 2% to a record high, lifting the Nasdaq.

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HSI

Hong Kong's main stock index closed at its highest level in over six weeks on Friday as a surprise rise in factory activity in mainland China and increased hopes of a U.S.-China trade agreement cheered investors.

Plan A : Above 27300, do nothing
Plan B : Below 26995, do nothing
Plan C : Attempt to long if market supported above 27090
Plan D : Cut below 27060
Plan E : Consider to short if market surges but fails to breach above 27270
Plan F : Cut above 27300