Outlook 10/25: U.S. stock futures slightly in the green Monday, driven by better-than-expected earnings reports. Some of the biggest technology companies are slated to report earnings this week, including Facebook, Alphabet, Microsoft, Amazon and Apple. Of the 117 companies in the SP500 that have reported earnings to date, 84% posted numbers that beat expectations. SP 500 companies are expected to grow profit by about 35% in the third quarter.
/ESZ21: YVAH 4546 YPOC 4536 YVAL 4532 GAP 4534.75
/ES Plan: Last session market closed balanced, but overnight looks slightly bullish, still moving within Friday's value, so these're the opening and initial balance options for today:
A) If market moves above YVAH 4546 with bullish internals, buy towards ATH 4551.50 and PBT 4556.
B) If market remains below 4546 with bearish internals, sell towards GAP 4534 and ONL 4522.50
Note: It's Monday and market opens inside value, so don't be 'too anxious' to trade early. Bad trades occur when you try to force things to happen.
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10:30 Dallas Fed Manufacturing Survey
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