Outlook 04/15: U.S. stock futures printed new record high after retail sales explode in March as consumers use stimulus checks to spend heavily. Economy accelerating, but still moderate: The Fed's Beige Book, out yesterday, said the U.S. economy is accelerating to a moderate pace, while some of the sectors hit hardest by the pandemic are showing signs of recovery.
/ESM21: YVAH 4143 YPOC 4137 YVAL 4123 GAP 4122.75
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish (PBT 4153), moving within yesterday's value, so these are the initial balance options for today:
A) If market remains above LIS YPOC 4137 with bullish internals, buy towards ATH-ON 4146.25 and PBT 4153.
B) If market moves below LIS YPOC 4137 with bearish internals, sell towards HVE-GAP 4123 and ONL 4119.
Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
10:00 Business Inventories
10:00 NAHB Housing Market Index
10:30 EIA Natural Gas Inventory
11:30 Fed's Bostic Speech
2:00 PM Fed’s Daly Speech
4:00 PM Fed’s Mester Speech
4:00 PM Treasury International Capital
4:30 PM Fed Balance Sheet
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