Election Day

Outlook 11/03: U.S. equity futures are continuing their strong start to the week in the wake of last week's selloff, climbing another 1.4% overnight following a green session on Monday. Since the 2016 election of Trump, the U.S. stock market has gained about 53%, and rebounded from the coronavirus-induced selloff to hit fresh all-time highs in September. With traders still mindful of the violent price swings seen after the election in 2016, check out our sector-by-sector coverage below of what may lie ahead for the markets. A decisive victory in particular, would be good news for stocks.

/ESZ20 Value: YVAH 3213 YPOC 3302 YVAL 3287 GAP 3299.25

/ES Plan: Yesterday market closed bullish (PBT 3360), and overnight continues on that way, moving above yesterday's range, so these are the initial balance options for today's opening:

A) If market remains above LIS HVE 3338 with bullish internals, buy towards ONH 3349.75 and HVE 3359.

B) If market moves below LIS HVE 3338 with bearish internals, sell towards HVE 3318 and ONL 3301.25

Note: Overnight inventory is bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.

Market Movers

10:00 Factory Orders

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