Outlook 12/07: U.S. stock index futures recovered some of their losses overnight, after the release of weaker-than-expected employment data alleviated some worries about the Federal Reserve's pace of rate increases. US economy added 155K jobs in November vs. expectation of +198K; unemployment rate unchanged.
/ESZ18 Value: YVAH 2770 YPOC 2646 YVAL 2641
/ES Plan: Yesterday market closed balanced and Overnight looks bullish after Jobs data, moving above previous value, into 2684-2700 range, so we've these options:
A) If market remains above HVE 2684 with bullish internals, become a buyer towards ONH 2698.75 LVN 2700 and HVEs 2719-2729.
B) If market starts to move below 2684 with bearish internals, be a seller towards ONL 2670 HVE 2652 YVAL 2640 and HVE 2620.
Today's Economic Calendar
10:00 Wholesale Trade
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
12:15 PM Fed's Bralnard Speech
01:00 PM Baker-Hughes Rig Count
03:00 PM Consumer Credit
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
