Outlook 10/08: U.S. equity futures rise after Wednesday’s rally, jobless claims disappoint. First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job growth over the summer has cooled heading into the final part of the year. Though the total was a bit worse than Wall Street expected, it still represented a modest decline from the upwardly revised 849,000 from a week ago. It also was the lowest level of claims since the virus-induced shutdown in mid-March.
/ESZ20 Value: YVAH 3407 YPOC 3393 YVAL 3363 GAP 3407
/ES Plan: Yesterday market closed bullish (PBT 3454), and overnight continues on that way (PBT 3347), moving above yesterday's range, so these are the initial balance options for today's opening:
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