Outlook 04/21: U.S. stock futures are wobbling once again as a number of factors disrupted the bullish mood seen last week. The declines came during what was forecast to be a bumper earnings season, but sky-high valuations and the lack of catalysts to improve upon lofty expectations may prove to be a stumbling block. Growth worries surrounded Netflix following its earnings report after Tuesday's close, sending the stock down nearly 9% after regular trading close. Many rivals are coming after Netflix, including Amazon, Disney, HBO, Peacock and Paramount.
/ESM21: YVAH 4139 YPOC 4123 YVAL 4110 GAP 4121.50
/ES Plan: Yesterday market closed bearish (PBT 4078), but overnight looks more balanced, moving within yesterday's value, so these are the initial balance options for today:
