Outlook 01/12: U.S. stock futures took a breather this weeky following a rally that took U.S. indexes to record highs. Investors have largely ignored last week's attack on the Capitol, Democrats' move to impeach President Trump and countless headlines that have flashed "market bubble" warnings. Traders are also paying close attention to forecasts and corporate views as earnings season kicks off this week.
/ESH21 Value: YVAH 3801 YPOC 3794 YVAL 3787 GAP 3795.25
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within previous value, so these are the initial balance options for today:
A) If market moves above LIS YPOC 3794 with bullish internals, buy towards ONH 3806.75 and GAP 3823.
B) If market moves below LIS 3794 with bearish internals, sell towards ONL 3786 and HVEs 3777-3754.
Market Movers
9:30 Fed's Bostic Speech
9:35 Fed's Brainard Speech
10:00 Job Openings and Labor Turnover Survey
11:00 Fed's Kaplan Speech
11:00 Fed's Bostic Speech
12:00 PM Fed's Mester Speech
1:00 PM Fed's George Speech
1:00 PM 10-Year Note Auction
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