Outlook 09/08: U.S. stock futures are flat this morning after the SP500 fell more than 30 points in the prior session, as investors reassessed the economic growth outlook following a smooth ride in the market so far this year. Labor Department will release its closely watched Job Openings and Labor Turnover Survey. Meanwhile, Federal Reserve is set to publish the “Beige Book”, survey of activity across its 12 districts.
/ESU21: YVAH 4527 YPOC 4521 YVAL 4515 GAP 4516
/ES Plan: Yesterday market closed bearish (PBT 4494), but overnight looks more bullish, moving within yesterday's value, so these're the opening and initial balance options for today:
A) If market moves above HVE 4511 with bullish internals, buy towards ONH 4524.75 GAP 4534 ATH 4550 and PBT 4556.
B) If market moves below HVE 4511 with bearish internals, sell towards ONL 4497 PBT 4494 HVE 4478 and GAP 4467.
Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.
Market Movers
10:00 Job Openings and Labor Turnover Survey
1:00 PM 10-Year Note Auction
1:10 PM Fed's Williams Speech
2:00 PM Fed's Beige Book
3:00 PM Consumer Credit
6:00 PM Fed's Kaplan Speech
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