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US markets open higher on Monday
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US100 above key short-term resistance
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Virgin Galactic soars after successful test flight
US equity markets started the new week higher with technology stocks leading the way. Today’s calendar lacks top-tier events whereas some European stock exchanges remain closed due to a holiday. As a result, US session might experience thinner volume today. Investors are set to focus on more inflation data this week with PCE print (Friday) being the main release as inflation debate is closely watched. At press time US100 is trading 1.36% higher thus leading the gains. 
Taking a look at H4 interval, US100 broke above key short-term resistance area near 13,420 pts. Following the move, market bears tested this zone, yet bulls managed to take control again. According to classical technical analysis, one might assume that the downward correction has ended. Should upbeat mood continue, the area at 13,735 pts may be considered the next major resistance. Source: xStation5
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Virgin Galactic (SPCE.US) stock surged more than 20% in premarket after it held a successful test flight over the weekend of its SpaceShipTwo craft which is designed to hold up to six passengers along with the two pilots. Virgin’s first manned space flight in more than two years increased the company’s chance of being commercially successful in taking paying customers into outer space.
Virgin Galactic (SPCE.US) opened with a huge bullish gap on upbeat news. The stock price approached the 200-day moving average (orange line), but erased some gains since then. One might spot the head and shoulders pattern on the daily chart - should an upward impulse continue, the area at $35.80 could potentially serve as an important resistance level. Also, a green line, that once served as an upward trend line, may be seen as a resistance in the short-run. On the other hand, $14.25 served as crucial support level. Source: xStation5
Construction materials supplier Martin Marietta Materials Inc (MLM.US) announced today that will buy assets in California and Arizona from HeidelbergCement (HEI.DE) for $2.3 billion in cash. The deal is expected to close in the second half of this year.
HP Inc (HPQ.US) stock jumped more than 2% in premarket after Citi upgraded the computer and printer maker’s to “buy” from “neutral” citing a new growth cycle in personal computers.
Beyond Meat (BYND.US) stock gained nearly 4% in premarket after Bernstein upgraded the plant-based meat producer to ‘outperform’, all the way from ‘underperform’, saying sales should improve as the economic reopening continues.
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