Israel-Hamas war

Outlook 10/09: U.S. stock futures declined Monday as the deadly Israel-Hamas conflict pressured an already fragile market dealing with inflation and surging interest rates. The rising geopolitical tensions caused by the war could have ramifications for the energy market, with some experts forecasting a “knee jerk surge” in oil. The rising tension could also serve to stoke further volatility in market that has kept traders worried with persistent inflation and higher interest rates. WTI crude oil futures were up by 4.1% on Monday, trading above $85 per ounce. With the bond market closed on Monday for Columbus Day, Wall Street will have to wait until Tuesday for an update on interest rates.

/ESZ23 (Dec 2023): YVAH 4359 YPOC 4344 YVAL 4275 GAP 4345.75

/ES Plan: Last session market closed bullish, but overnight, after Israel-Hamas conflict, looks more bearish, moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above HVE 4313 with bullish internals, buy towards ONH 4322 HVE 4327 HVE-GAP 4345 and YVAH-YHOD 4359.

B) If market moves below HVE 4313 with bearish internals, sell towards ONL 4299 HVE 4298 HVE 4277 YVAL 4275 and YLOD 4242. 

Note: It's Monday and Mondays are usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

Market Movers

12:30 PM Investor Movement Index 

Follow Twitter updates using TweetDeck old version.

Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH