U.S. stocks jumped on Tuesday with the S&P 500 hitting a new record, as the market’s historic rally extended to December.

The Dow Jones Industrial Average climbed 185.28 points, or 0.6%, to 29,823.92. The S&P 500 rose 1.1%, or 40.82 points, to 3,662.45, marking a fresh record closing high. The tech-heavy Nasdaq Composite gained 1.3%, or 156.37 points, to 12,355.11, also notching a record close.

Apple popped 3.1% to lead the 30-stock Dow higher. Communication services and financials were the best-performing sectors in the S&P 500, rising at least 1.6% each.

Sentiment got a lift after a group of lawmakers unveiled a $908 billion stimulus plan, which includes more than $200 billion in Paycheck Protection Program small business loans. The news gave stocks a boost, and pushed the 10-year Treasury yield above 0.9%. However, Senate Majority Leader Mitch McConnell did not endorse the bipartisan plan, saying he wants to pass a “targeted relief bill” instead.

Plan B : Long if market doesn't retrace much and supported firm above 3648. Targets are 3661, 3677 and 3700.

U.S. stock futures fell in overnight trading on Tuesday, despite recent strength that has brought the major averages to record highs.

The Nasdaq Composite notched a new record, closing up 1.3%, as the mega-cap tech stocks all closed in the green.

“The beginning of Covid-19 vaccinations is getting close, bringing ‘buy on any dip’ to the forefront,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “After a weaker Monday session, Tuesday brought investors looking for an opportunity to increase risk-on exposures. Activity was further boosted today by bond yields rising in concert with a stronger stock market adding to optimism that recent economic momentum may remain healthy despite the winter Covid-19 case surge.”

Private payrolls data from ADP will be released at 8:15 a.m. ET on Wednesday. Economists polled by Dow Jones are expecting 475,000 private jobs were added in November, compared to the 365,000 added in October.

Plan A : Short if market failed to support above 12393. Targets are 12355, 12311 and 12275.

Plan B : Long if market supported firm above 12393. Targets are 12421, 12455 and 12482.

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


Plan A : Remain buy as long as oil price trades firmly above 44.2. Targets are 45.4 and 46.2    

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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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.