2021 First session

Outlook 01/04: U.S. stock futures are positioned for further gains to start 2021 based on the twin pillars of coordinated fiscal and monetary policy from the U.S. Treasury and the Federal Reserve Board and a successful COVID vaccine rollout. However, investors are also keeping an eye on Georgia's Senate runoff election tomorrow, which will decide control of the chamber and the fate of the incoming Biden administration's economic policy. Over the weekend, President Trump pressured Georgia's top election official to "find" enough votes to overturn his defeat in the state. 

/ESH21 Value: YVAH 3741 YPOC 3724 YVAL 3718 GAP 3747.25

/ES Plan: Last session of 2020, market closed bullish, and overnight continues on that way, moving above previous value, so these are the initial balance options for today:

A) If market remains above LIS 3760 with bullish internals, buy towards new ATH-ON 3773.25 and PBT 3777.

B) If market moves below LIS 3760 with bearish internals, sell towards GAP 3747.25 ONL 3738.25 and HVE 3724.

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

Market Movers

9:45 PMI Manufacturing Index

10:00 Construction Spending

10:00 Fed's Evans Speech

10:00 Fed's Bostic Speech

12:15 PM Fed's Mester Speech

12:30 PM Investor Movement Index

6:00 PM Fed's Mester Speech

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