Outlook 03/03: U.S. stock futures moved lower after the latest ADP private sector employment report disappointed with 117,000 new jobs in February. Economists had expected gains of 225,000 positions. The ADP lately has not been the best predictor of the government's monthly jobs report, which comes out Friday.
/ESH21 Value: YVAH 3898 YPOC 3891 YVAL 3878 GAP 3872.75
/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving below yesterday's range, so these are the initial balance options for today:
A) If market moves above LIS HVE 3862 with bullish internals, buy towards GAP 3872 YVAL 3878 and ONH 3898.
B) If market moves below LIS HVE 3862 with bearish internals, sell towards ONL 3853.25 and HVEs 3825-3821.
Note: Market opens the gate for a 'Value Transition' and that means a change on value perception. We've to watch closely if higher edge HVE 3862 is acceptable or rejected.
Market Movers
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Fed's Harker Speech
10:30 EIA Petroleum Inventories
12:00 PM Fed's Bostic Speech
1:00 PM Fed's Evans Speech
2:00 PM Fed's Beige Book
6:05 PM Fed's Kaplan Speech
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