Outlook 09/09: U.S. stock futures point to bullish open after weekly jobless claims post another fresh low for the pandemic era. First-time filings for unemployment claims in the U.S. dropped to 310,000 last week, easily the lowest of the Covid era and a significant step towards the pre-pandemic normal, the Labor Department reported Thursday. Claims were expected to total 335,000 for the week ended Sept. 4, according to economists survey.
/ESU21: YVAH 4515 YPOC 4511 YVAL 4501 GAP 4511.75
/ES Plan: Yesterday market closed balanced, 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 4513.50 GAP 4534 ATH 4550 and PBT 4556.
B) If market moves below HVE 4511 with bearish internals, sell towards HVE 4498 ONL 4485 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 Quarterly Services Report
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
11:05 Fed's Evans Speech
11:05 Fed's Daly Speech
12:00 Fed's Kaplan Speech
1:00 PM 30-Year Note Auction
1:00 PM Fed's Bowman Speech
2:00 PM Fed's Williams Speech
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