Outlook 03/09: U.S. stock futures are mostly higher, with Nasdaq leading the charge. It marks some renewed momentum for tech shares, which have been beaten down in recent weeks as investors rotated into value sectors like energy, financials and industrials. Yesterday, U.S. Treasury Secretary Janet Yellen dismissed fears that the $1.9T coronavirus relief bill is so big that it will cause inflation problems, or that it is excessive given the economy's signs of a recovery.
/ESH21 Value: YVAH 3876 YPOC 3759 YVAL 3739 GAP 3829.50
/ES Plan: Last session market closed bearish, but overnight looks more bullish, still moving within yesterday's value, so these are the initial balance options for today:
A) If market moves above LIS HVE 3862 with bullish internals, buy towards HVE 3878 GAP 3926.50 HVE 3937 and ATH 3959.25
B) If market moves below LIS HVE 3862 with bearish internals, sell towards GAP 3829.50 ONL 3826.25 and HVEs 3784-3740.
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
1:00 PM 3-Year Note Auction
6:05 PM Fed's Kaplan Speech
Follow updates using TweetDeck. Primary twitter language is English.
Follow the market news or listen to the order flow via FinancialJuice.
Questions via twitter direct message (RTH) or email (After Close).
