Outlook 03/10: U.S. stock futures are mostly higher, after huge comeback on Tuesday, reversing a recent downtrend over the past few weeks as U.S. 10-year Treasury yields appeared to stabilize. Concerns center around whether additional stimulus from Congress will lead to greater inflation or if high-growth stocks remain expensive. Investors will be watching today's 10-year auction at 1pm ET for clues as to where yields may be headed.
/ESH21 Value: YVAH 3901 YPOC 3898 YVAL 3870 GAP 3870.50
/ES Plan: Last session market closed balanced, 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 YPOC 3898 with bullish internals, buy towards HVE 3913 GAP 3926.50 HVE 3937 and ATH 3959.25
B) If market remains below LIS YPOC 3898 with bearish internals, sell towards GAP 3870.50 ONL 3856.25 and GAP 3829.50.
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
10:30 EIA Petroleum Inventories
1:00 PM 10-Year Note Auction
2:00 PM Treasury Budget
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