Stocks fell on Friday as worries over the coronavirus’ impact on the Chinese economy outweighed the release of stronger-than-expected U.S. jobs data.

The Dow Jones Industrial Average closed 277.26 points lower, or nearly 1%, to 29,102.51. The S&P 500 dipped 0.54% to 3,327.71. The Nasdaq Composite also slid 0.54% to close at 9,520.51. Those losses snapped a four-day winning streak for the major average. Still, stocks notched strong weekly gains despite Friday’s losses. 

China’s National Health Commission on Friday confirmed 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths. These numbers have stoked worries about how China’s economy — the second-largest in the world — will be affected. Chinese economic slowed down last year to 6.1% from 6.8% in 2018.

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Plan A : Long if market supported firm above 3326.25. Targets are 3341.25, 3352.50 and 3359.75.

Plan B : Short if market failed to support above 3326.25. Targets are 3311.25, 3299.75 and 3289.25.

Hong Kong’s stocks fell on Friday as the spreading coronavirus prompted local residents to hoard goods and an Airline to slash jobs, but the market nevertheless recorded its best week since December amid hopes that Beijing will do more to support growth.

At the close of trade, the Hang Seng index was down 0.3% at 27,404.27. But the index rose 4.1% week-on-week, its largest weekly jump since mid-December of last year.

Plan A : Above 27417, do nothing.
Plan B : Below 26456, do nothing.
Plan C : Consider to short if market opens below 27109.
Plan D : Cut above 27185.
Plan E : Attempt to long if market declines but does not breaks below 26777.
Plan F : Cut below 26700.

WTI Crude

Oil prices shed more than 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand.

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Plan A : Attempt sell if oil price stays below 50.3

Plan B : Cut above 50.6

Plan C : Consider buying if oil price holds resiliently above 49.8

Plan D : Cut below 49.5

Gold

Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong U.S. economic data.

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Plan A : Remain buy as long as gold price stays firm above 1560

Plan B : Cut below 1556.7

Plan C : Consider selling if gold price surges but fails to breach above 1580

Plan D : Cut above 1583

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.