Dow plunged more than 1,000 points, also triggering the limit down level. The halt occurs during non-U.S. trading hours — that is before the 9:30 a.m. ET open of regular trading.

The brutal sell-off in the futures market came even after the Federal Reserve cut interest rates to near zero in an aggressive bid to save the U.S. economy from the coronavirus fallout.

The limit down rule has been tripped multiple times in the past few weeks as investors exited the market with the coronavirus outbreak disrupting global supply chains and fueling fears of a recession. The stock market has tumbled into a bear market, or down more than 20% from their recent highs.

If the sell-off accelerates on Monday during the regular trading hours, the so-called circuit breakers could kick in once again. 

Plan A : Long if market retraced but supported firm above 7518.25. Targets are 7559.75, 7590.25 and 7619.50.

Plan B : Short if market rebounded but resisted around 7631.25. Targets are 7582.25, 7543.25 and 7502.25.

Plan C : Short only if market failed to support above 7518.25. Targets are 7478.25, 7441.25 and 7420.25. 

WTI Crude

Plan A : Remain sell as long as oil price stays below 32.1

Plan B : Exit above 32.5

Plan C : Consider buying if oil price tumbles but holds firm above 30.1

Plan D : Cut below 29.5

Gold reversed course on Friday, tumbling as much as 4.5% and heading for its biggest weekly decline since 1983, as investors preferred cash and continued to sell bullion to meet margin calls across other markets.

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Plan A : Attempt sell if gold price stays below 1576.9

Plan B : Cut above 1582.0

Plan C : Consider buying only if gold price able to hold resiliently above 1547.0

Plan D : Cut below 1539.8

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.

Plan D : Cut below 21660.

Stock futures plunged late Sunday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

Dow futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits. 

While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.

HSI
 

Oil prices jumped more than 5% in extended hours on Friday after President Donald Trump said the Department of Energy would purchase crude for the nation's strategic petroleum reserve (SPR).