U.S. stock futures rose on Monday in light holiday volume, helped by plans from the world’s number-two economy to lift some restrictions as it fights COVID more aggressively than the rest of the world. While U.S. stock exchanges are closed in observance of Memorial Day, electronic futures trading continues. On Friday, the Dow Jones Industrial Average rose 576 points, or 1.76%, to 33213, the S&P 500 increased 100 points, or 2.47%, to 4158, and the Nasdaq Composite gained 390 points, or 3.33%, to 12131. Shanghai over the weekend said it would lift restrictions on businesses and offer tax rebates, and Beijing reopened some public transportation, signs of a loosening of the zero-COVID policies that have limited output in China. “The easing is mainly an issue for domestic demand–Chinese exports continued to grow during the restrictions. However, some international companies produce in China for Chinese consumption, so the easing has relevance for some global equities,” said Paul Donovan, chief economist at UBS Global Wealth Management. European-listed luxury producers that sell into China, including LVMH Moet Hennessy , advanced. The Shanghai Composite rose 0.6%, and the Hang Seng rallied over 2% in Hong Kong. There’s a big slate of U.S. economic data on tap this week, including Wednesday’s release of the Institute for Supply Management manufacturing index, and Friday’s release of nonfarm payrolls. NN: this is a full blown rally back that should last a month or two. We have spread our positions getting out of the way of this monster. I am predicting a 14500 NASDAQ before the next plunge to under 10,000. If we can guess lucky this could be a really good trade.