The S&P 500 gained 0.27% to end the day at 3,085.18.  News that the U.S. and China are willing to roll back tariffs to reach a trade deal sparked a sharp rotation out of bonds and into stocks, propelling the major indexes to fresh record levels.

A Chinese Commerce Ministry spokesman said China and the U.S. agreed to simultaneously cancel some existing tariffs on one another’s goods, according to the country’s state broadcaster. A U.S. official also said both sides agreed to the tariffs rollback, according to Reuters. Wall Street interpreted the news as both sides making strong progress toward a trade deal being reached, pushing stocks to records. 

The move in stocks to all-time highs came at the expense of the bond market. The 10-year Treasury yield had its biggest upward move since the 2016 election, pushing down the price. To be sure, a U.S.-China trade resolution is not 100% certain at this point. Stocks lost some steam in late-afternoon trading after Reuters reported the tariff rollback is facing opposition within the White House.

Investors will digest consumer sentiment data on Friday to end the week. Meanwhile, Disney is scheduled to release its quarterly earnings after the close Thursday.

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Plan A : Short if market failed to support above 3074.50. Targets 3059.25, 3048.25 and 3027.50.

Plan B : Long if market retraced but supported firm above 3045.25. Targets are 3060.50, 3071.25 and 3079.50.

E-Mini Nasdaq

HSI

Hong Kong stocks ended higher on Thursday as signs of progress in the China-U.S. trade negotiations triggered a rally during the final 30 minutes of trading. 

Shares were roughly flat in morning trading, but staged a rally during the final 30 minutes of the session, on news that China and the United States have agreed to cancel tariffs imposed during their months-long trade war in different phases.

The Hang Seng index ended up 0.6% at 27,847.23.

Plan A : Above 28090, do nothing
Plan B : Below 27707, do nothing
Plan C : Attempt to long if market stays firm above 27707
Plan D : Cut below 27625
Plan E : Consider to short if market still fails to breach above 28090
Plan F : Cut above 28175

WTI Crude

Oil prices rose on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.

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Plan A : Remain buy as long as oil price stays firm above 56.8

Plan B : Exit below 56.3

Plan C : Consider selling if oil price surges but fails to breach above 57.1

Plan D : Cut above 57.42

Gold

Gold slid more than 1% on Thursday to its lowest level in over a month as U.S. Treasury yields jumped and global equities markets cheered China and United States' agreement to cancel some tariff in phases.

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Plan A : Attempt selling if gold price stays trading below 1469

Plan B : Cut above 1480

Plan C : Consider buying only if gold price regain footings above 1469

Plan D : Cut below 1460

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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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.