Weak Nasdaq

Outlook 03/08: U.S. stock futures were mostly lower Monday, with a sharp drop in the tech names indicated to start the new week after Friday's big turnaround. Tesla shed another 2% in the premarket after closing Friday below $600 per share for the first time since early December. The stock has lost a third of its value since its all-time intraday high in late January. Senate passage of the $1.9 trillion Covid relief bill Saturday wasn't enough to put stocks in the green Monday as more economic stimulus on top of an already recovering economy continued to stoke inflation concerns. 

/ESH21 Value: YVAH 3803 YPOC 3763 YVAL 3735 GAP 3839

/ES Plan: Last session market closed bullish, but overnight looks more balanced, still moving above Friday's value, so these are the initial balance options for today:

A) If market remains above LIS HVE 3822 with bullish internals, buy towards HVE 3862 ONH 3866.25 and GAP 3872.75

B) If market moves below LIS HVE 3822 with bearish internals, sell towards ONL 3796.25 HVEs 3784-3740-3725.

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 Wholesale Inventories
12:30 PM Investor Movement Index

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).