Outlook 02/10: U.S. stock futures ticked higher on Wednesday morning after the inflation report. The U.S. consumer price index rose 0.3% in January while core CPI was unchanged. Economists surveyed expected a rise of 0.3% for the main index and 0.1% for the core index. The U.S. government’s 2021 full-year budget plan is due out at 12:30 p.m. ET. Fed Chair Jerome Powell is also slated to speak at 2 p.m. ET.
/ESH21 Value: YVAH 3911 YPOC 3905 YVAL 3902 GAP 3909.50
/ES Plan: Last session market closed bullish, and overnight printed a new record high, moving above previous range, so these are the initial balance options for today:
A) If market remains above LIS 3922 with bullish internals, buy towards ATH 3928.50
B) If market moves below LIS 3922 with bearish internals, sell towards GAP 3909.50
Note: Keep in mind that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
10:00 Atlanta Fed's Business Inflation Expectations
10:00 Wholesale Inventories (Preliminary)
10:30 EIA Petroleum Inventories
1:00 PM 10-Year Note Auction
2:00 PM Jerome Powell Speech
2:00 PM Treasury Statement
Questions via @verniman direct message (RTH) or email (After Close).
Follow updates using TweetDeck. Primary twitter language is English.
Follow the market news or listen to the order flow via FinancialJuice.
No unauthorized reproduction of this service without permission
