Outlook 03/26: U.S. stock futures moved modestly higher early Friday as markets looked to end the volatile week on a high note. If bond yields are still part of the equation, the rate on the 10-year Treasury tacked on another 6 bps to trade at 1.67%. Markets could also be driven by a number of end-of-quarter trades, though analysts noted that some headlines were mostly supportive for stocks.
/ESM21: YVAH 3890 YPOC 3866 YVAL 3857 GAP 3905.25
/ES Plan: Yesterday market closed bullish, and overnight looks more balanced, still moving above yesterday's value, so these are the initial balance options for today:
A) If market moves above LIS HVE 3913 with bullish internals, buy towards ONH 3921.50 HVE 3936 and GAP 3965.
B) If market moves below LIS 3913 with bearish internals, sell towards GAP 3905.25 ONL 3900.75 and YVAH 3890.
Note: Market opens above previous value area and if it remains above value, it is a clearly bullish signal. But, if market begins to trade within value with volume increasing, 'Value Area Rule (VAR)' comes into play.
Market Movers
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
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