Outlook 02/03: U.S. stock futures are moving into the green for a third day, powered by strong tech earnings, stimulus progress and a broader vaccine rollout. Nasdaq is leading the pack, with the index ahead by 0.7%, on strong quarterly results from Amazon and Google.
/ESH21 Value: YVAH 3835 YPOC 3829 YVAL 3814 GAP 3826
/ES Plan: Yesterday market closed bullish (PBT 3900), but overnight looks more balanced, moving within previous value, so these are the initial balance options for today:
A) If market moves above LIS YVAH 3835 with bullish internals, buy towards ONH 3843.50 GAP 3851 and PBT 3877.
B) If market remains below LIS YVAH 3835 with bearish internals, sell towards GAP 3826 ONL 3825 and YVAL 3814.
Note: Overnight inventory is balanced. Trading from responsive versus initiative would be preferred, so don't be 'too anxious'. If we're within value we want to have some patience until market shows a clear bias.
Market Movers
9:45 PMI Composite Final
10:00 ISM Service Index
10:30 EIA Petroleum Inventories
1:00 PM Fed's Bullard Speech
2:00 PM Fed's Harker Speech
5:00 PM Fed's Mester Speech
5:00 PM Fed's Evans Speech
6:05 PM Fed's Kaplan Speech
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