Outlook 11/30: U.S. stock futures are pointing to a narrowly open. The economic calendar is jampacked today with the markets closed Thursday for Thanksgiving and only a half-day of trading Friday. Black Friday online sales surged. U.S. shoppers went online to purchase holiday gifts and score Black Friday deals over the Thanksgiving weekend rather than enter stores for health reasons, as the coronavirus spurred up the remaking of retail landscape.
/ESZ20 Value: YVAH 3642 YPOC 3639 YVAL 3634 GAP 3617.75
/ES Plan: Last session market closed bullish (PBT 3665), but overnight looks more balanced, moving below last session value, so these are the initial balance options for today's opening:
A) If market moves above LIS HVE 3639 with bullish internals, buy towards ONH 3652 and ATH 3668.
B) If market moves below LIS HVE 3639 with bearish internals, sell towards ONL 3602.75 and GAP 3588.
Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 PM Farm Prices
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