Outlook 10/27: U.S. stock futures flat as investors deal with a flood of earnings. Dow stocks Coca-Cola and McDonald’s shares soared nearly 3% in the premarket each on better-than-expected quarterly earnings and revenues. Coca-Cola hiked its annual outlook again. The SP500 on Tuesday rose modestly to record closes. The Nasdaq also inched higher, now less than 1% away from its latest record close on Sept. 7.
/ESZ21: YVAH 4581 YPOC 4576 YVAL 4565 GAP 4565.75
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within Yesterday's value, so these're the opening and initial balance options for today:
A) If market remains above YVAL 4565 with bullish internals, buy towards YVAH 4581 and ATH 4590.
B) If market moves below YVAL 4565 with bearish internals, sell towards ONL 4556.50 HVE 4550 and GAP 4559.75
Note: Market opens inside value, so don't be 'too anxious' to trade early. Bad trades occur when you try to force things to happen.
Market Movers
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
1:00 PM 5-Year Note Auction
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