U.S. stock futures rose early Monday morning after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months.

Sentiment was lifted in part by news of Nvidia buying chip maker Arm Holdings from SoftBank for $40 billion. Nvidia will finance the deal through a combination of cash and common stock. 

“There is nothing untoward about the fundamentals nor earnings expectations. An upside surprise would come from further dollar weakness, while the emergence of a vaccine and/or a rise in long-term rates would curb performance,” said Darby, a global equity strategist at the firm.

Investors are coming into the new week amid dwindling hope of lawmakers striking a deal on new fiscal stimulus.

Senate Majority Leader Mitch McConnell, R-KY, said on Friday the chances of Republicans and Democrats reaching a deal don’t “look that good right now.” Earlier this month, House Speaker Nancy Pelosi, D-Calif., said Democrats and the White House had “serious differences" over coronavirus aid.

Meanwhile, the number of U.S. coronavirus cases are growing by 5% or more in 11 states, according to a CNBC analysis of Johns Hopkins University data. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said last week that recent coronavirus data was “disturbing.”

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Plan A : Short if market failed to support above 11260. 

Targets are 11215, 11168 and 11105.

Plan B : Long if market doesn't retrace much and supported firm above 11260. Targets are 11292, 11318 and 11359.
 

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Plan A : Consider buy if oil price holds resiliently above 36.7
Plan B : Exit below 36.1
Plan C : Attempt selling if oil price recovers but fails to breach above 37.6
Plan D : Cut above 38.7

Gold