Outlook 06/30: U.S. stock futures are flat after payroll firm ADP reported that private payrolls rose 692,000 in June, beating expectations. However, the firm’s May number was revised down. Markets likely won’t see big movement until Friday’s jobs report gives a better idea of the state of the economy. Economists expect 683,000 jobs were added in June.
/ESU21: YVAH 4288 YPOC 4286 YVAL 4280 GAP 4285.25
/ES Plan: Yesterday market closed bullish (PBT 4300), but overnight looks more bearish, moving below yesterday's value, so these are the initial balance options for today:
A) If market moves above HVE 4277 with bullish internals, buy towards GAP 4285 ONH 4290 and PBT 4300.
B) If market remains below HVE 4277 with bearish internals, sell towards ONL 4269 HVE 4264 and GAP 4258.
Note: Remember that volumes could be lower, with many traders taking an early vacation ahead of the July 4 weekend.
Market Movers
9:42 Chicago PMI
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
1:00 PM Fed's Barkin Speech
3:00 PM Farm Prices
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