Plan D : Cut below 25030.

The Dow fell 17.53  points, or 0.07%, to 25,383.11. The S&P 500 climbed 0.48% to 3,044.31. The Nasdaq Composite advanced 1.29% to 9,489.87. Stocks closed well off their session lows after President Donald Trump’s much-awaited news conference on China.

During the news conference, Trump said he would take action to eliminate special treatment towards Hong Kong. However, he did not indicate the U.S. would pull out of the phase one trade agreement reached with China earlier this year, easing trader concerns for the time being.

Shares of semiconductor companies rose broadly following Trump’s news conference. The iShares PHLX Semiconductor

ETF(SOXX) closed 2.56%  higher. Micron, Nvidia and Qorvo climbed 3.10%, 4.58% and 3.94%, respectively.

Manufacturing and construction spending data are set for release Monday.

Plan A : Short if market failed to support above 3031.25. Targets are 3006.50, 2983.50 and 2961.25.

Plan B : Long if market supported firm above 3031.25. Targets are 3055.25, 3078.50 and 3099.25.

U.S. stock futures nudged higher early Monday morning as Wall Street looks set to kick off June trading in positive territory after consecutive monthly gains.

Dow futures traded 61 points higher, with an implied Monday opening gain of about 85 points. S&P 500 and Nasdaq 100 futures also pointed to a positive open for the two indexes.

The moves in futures followed positive momentum in Monday trade for Asia, with Hong Kong’s Hang Seng Index surging more than 3% in the afternoon. That came as data showed China’s manufacturing activity in expanding in May. Investors have been monitoring China’s economic data for signs of recovery in the country, where the coronavirus was first reported.

The S&P 500 and Dow each gained at least 3% last week while the Nasdaq Composite advanced 1.8% to close out May. Those gains were propelled by increasing bets by traders that the global economy will successfully re-open after the coronavirus forces a shutdown of most economic activity.

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Plan A : Long if market doesn't retrace much and supported firm above 9481.50. Targets are 9512.25, 9545.50 and 9571.75.

Plan B : Short if market failed to support above 9481.50. Targets are 9449.50, 9418.50 and 9390.75.

HSI

Hong Kong stocks fell on Friday to end the month lower amid rising Sino-U.S. tensions as Beijing passed a national security legislation for Hong Kong.