June start

Outlook 06/01: U.S. stock futures set for a positive start of june as enthusiasm about the economic reopening appeared set to lift the SP500 to near a record. May’s employment report, set to be released on Friday, will provide a key reading of the economy. Economists expect to see about 674,000 jobs created in May, after the much fewer-than-expected 266,000 jobs added in April. Investors are awaiting the Federal Reserve’s meeting scheduled for June 15-16. Key for the markets is whether the Fed begins to believe that inflation is higher than it expected or that the economy is strengthening enough to progress without so much monetary support. 

/ESM21: YVAH 4214 YPOC 4210 YVAL 4207 GAP 4203

/ES Plan: Last session market closed balanced, but overnight looks more bullish, moving above last week range, so these are the initial balance options for today:

A) If market remains above HVE 4219 with bullish internals, buy towards ONH 4228.25 PBT 4229 and ATH 4238.

B) If market moves below HVE 4219 with bearish internals, sell towards HVE 4213 GAP 4203 and HVE 4185.

Note: Remember that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

9:45 PMI Manufacturing Index

10:00 ISM Manufacturing Index

10:00 Construction Spending

10:00 Fed’s Quarles: U.S. Economic Outlook

10:30 Dallas Fed Manufacturing Survey

2:00 PM Fed’s Brainard Speech

Follow updates using TweetDeck. Primary twitter language is English. 

Follow the market news and listen to the order flow via FinancialJuice.

Questions via twitter direct message (RTH)