New Year's Eve

Outlook 12/31: U.S. stock futures hugged the flatline overnight before the final trading session of 2020, with investors looking to bid farewell to a pandemic-stricken year and pop open the champagne for breakfast. While trading desks will be lightly staffed, the stock market, as well as energy and gold futures, will be open for a full trading session on New Year's Eve, though the bond market will close up shop a little early at 2 p.m. ET. It's been a crazy past 12 months for equities, which started the year at records, followed by a bear market, then another record high. The SP500 is up 15.5% for the year and the Dow has advanced 6.6%, while the Nasdaq has soared more than 43%. 

/ESH21 Value: YVAH 3734 YPOC 3730 YVAL 3725 GAP 3722.50

/ES Plan: Last session market closed balanced, and overnight continues on that way, moving below yesterday's value, so these are the initial balance options for today:

A) If market moves above LIS HVE 3724 with bullish internals, buy towards new ONH 3729.50 HVE 3740 and ATH-ON 3747.75.

B) If market remains below LIS HVE 3724 with bearish internals, sell towards HVE 3716 ONL 3715 and HVE 3701.

Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours. 

Market Movers

10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

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