U.S. stock futures were higher in early Thursday morning trading following a rebound during market hours that stopped a three-day skid. 

The move in futures follows a broad rally for the market on Wednesday, with the S&P 500 rising 2% for its best day since June. The Nasdaq Composite rose 2.7% to pull itself out of correction territory after a sell-off for major tech stocks drove a sharp sell-off in three straight sessions. 

Some of stocks hardest hit during the recent slide saw more dramatic pops. Shares of Tesla, fresh off their worst day on record, rose nearly 11%. Tech giant Apple gained 4% to bring its market cap back to $2 trillion. 

The three-day drop came amid increasing worry on Wall Street about a tech bubble, with major tech stocks fueling the Nasdaq Composite to record highs despite the hit to the economy from the coronavirus pandemic. Some said the pullback did not go far enough, with Duquesne Family Office CEO Stanley Druckenmiller telling CNBC on Wednesday morning that the market was in an “absolute raging mania.” 

Investors will be be greeted with new economic data on Thursday morning, including the Labor Department’s weekly jobless claims report. Economists surveyed by Dow Jones expect 850,000 new claims, down from 881,000 last week. 

Plan A : Short if market failed to support above 11297. Targets are 11250, 11199 and 11150.

Plan B : Long if market doesn't retrace much and supported firm above 11297. Targets are 11322, 11358 and 11390.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription.

Plan A : Consider buy if oil price holds resiliently above 37.6
Plan B : Exit below 36.8
Plan C : Attempt selling recovers but fails to breach above 38.2
Plan D : Cut above 38.7

Gold