Earnings Season

Outlook 01/26: U.S. stock futures rise slightly amid a busy day of corporate earnings. More than a fifth of the SP500 are expected to provide quarterly updates over the next five sessions, shedding light on how businesses performed as coronavirus cases rose at the end of 2020. Don't forget about the aggressive stimulus being pursued by the new Biden administration, which may look to pass a $1.9T package on its own this week if bipartisan support proves to difficult.

/ESH21 Value: YVAH 3852 YPOC 3847 YVAL 3824 GAP 3848

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

A) If market remains above LIS YVAH 3852 with bullish internals, buy towards ATH 3859.75 and PBT 3900-3905.

B) If market moves below LIS YVAH 3852 with bearish internals, sell towards GAP 3848 and ONL-HVE 3821.

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

Market Movers

9:00 Case-Shiller Home Price Index

9:00 FHFA House Price Index

10:00 Consumer Confidence

10:00 Richmond Fed Mfg.

1:00 PM 5-Year Note Auction

Questions via @verniman direct message (RTH) or email (After Close).

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