Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress toward a deal.

Stocks ended the week at record highs, but Treasury yields unwound half the big move of the prior week, as doubts surfaced about a trade pact getting completed.

The S&P 500 ended the week up 0.77% at 3,120.46, up 24.5% so far this year.

In the coming week, there is a last blast of earnings, from a few big retailers including Home Depot, Macy's and Target. Walmart in the past week raised its outlook and said consumers looked healthy going into the holiday season.

Plan A : Short if market failed to support above 3109.25. Targets 3095.25, 3084.50 and 3073.75.

Plan B : Long if market retraced but supported firm above 3092.25. Targets are 3107.25, 3116.75 and 3126.75.

December E-mini NASDAQ-100 Index futures reached a new record high on Friday and is currently in a position to post a new record close. The rally is being fueled by optimistic comments from two high-ranking White House officials who made comments suggesting an imminent trade deal between the United States and China.

There are some economic releases, but the most important report will be the Fed’s minutes from its last meeting. At that meeting, the Fed cut interest rates and Fed Chairman Jerome Powell signaled that it was done with policy changes for now.

There is housing data with housing starts Tuesday and existing home sales Thursday. There is also Markit manufacturing and services PMI, which will be watched carefully Friday for signs of a pickup in manufacturing activity or any spillover from manufacturing weakness into services.

Plan A : Short if market failed to support above 8314.25. Targets are 8274.50, 8245.25 and 8215.50.

Plan B : Long if market retraced but supported firm above 8265.25. Targets are 8305.25, 8332.75 and 8360.25.

HSI

Hong Kong stocks gave back earlier gains to end flat on Friday, posting their worst week in more than three months, on concerns over the persistent political unrest and uncertainty around Sino-U.S. trade deal.

The Hang Seng index was unchanged at 26,326.66.

Plan A : Above 26787, do nothing
Plan B : Below 26069, do nothing
Plan C : Attempt to long if market does not fall below 26494
Plan D : Cut below 26405
Plan E : Consider to short if market recovers but does not breach above 26705
Plan F : Cut above 26787