U.S. stock futures were little changed in early morning trading on Tuesday as investors grappled with civil unrest around the country as states try to re-open the economy from the coronavirus pandemic. 

Futures on the Dow traded 41 points lower, implying a Tuesday opening decline of around 25 points. S&P 500 and Nasdaq 100 also pointed to a largely flat Tuesday start for the two indexes.

In a last-minute address from the White House Monday evening, President Donald Trump said he will deploy the military if states and cities failed to quell the demonstrations. Futures fell as Trump spoke. 

New York Gov. Andrew Cuomo announced New York City will be under curfew Monday night starting at 11 p.m. and lasting until 5 a.m. Tuesday to curb protests. Similar curfews were instituted in cities across the country in an effort to dissolve mass gatherings.

Investors continued to focus on the progress of economic re-openings, bidding up shares of airlines, retailers and cruise line operators. However, many on Wall Street grew worried that rising risks of the racial strife and U.S.-China tensions could reverse the market’s massive comeback.

Tensions with China continued to simmer as the country asked state-owned firms to halt purchases of soybeans and pork from the U.S., Reuters reported Monday. The move came after Trump said he would take steps to revoke Hong Kong’s favored trade status, in response to a controversial new security law passed by China’s parliament.

Plan A : Long if market retraced but supported firm above 9629.25. Targets are 9657.25, 9687.50 and 9725.75.

Plan B : Short if market failed to support above 9629.25. Targets are 9595.25, 9560.50 and 9535.75.


 

Plan D : Cut below 25090.

The Dow closed up 91 points, while the S&P 500 climbed nearly 0.4% and the Nasdaq added more than 0.6%. The S&P 500 closed at its highest level since early March, while the Nasdaq ended at levels not seen since late February.

“Equity markets continue to display remarkable resilience in the face of a constant barrage of troubling developments, with investors continuing to focus on the positive signs of re-opening,” said Mark Hackett, the chief of investment research at Nationwide. Hackett added, however, that valuations are at their highest levels in nearly two decades, suggesting “markets are due for a breather following an unprecedented rally.”

Stocks closely linked to the economy re-opening led the slight gains. Carnival, Norwegian Cruise Line and Royal Caribbean were all up at least 5.5%. Hilton Worldwide climbed 3.7% and Marriott International advanced 7.4%. American Airlines and Delta advanced 7.4% and 4.6%, respectively, while United advanced 5.9%.

Those gains were capped, however, by a 7.7% drop in Pfizer shares.

As of Monday, the S&P 500 has bounced about 39% off its March low, sitting about 10% below its record high set in February. 

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Plan A : Long if market doesn't retrace much and supported firm above 3055.25. Targets are 3078.50,  3102.25 and 3118.25.

Plan B : Short if market failed to support above 3055.25. Targets are 3028.25, 3005.50 and 2982.25.

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HSI

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Plan A : Remain buy as long as gold price stays above 1737

Plan B : Exit below 1727

Plan C : Consider selling if gold price fails to breach above 1749

Plan D : Cut above 1752

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.