Banks Q3

Outlook 10/14: U.S. stock futures are slightly lower early Friday as traders pored through major bank earnings. JPMorgan and Wells Fargo kicked off third-quarter earnings for major financial firms on Friday. JPMorgan gained 1.1% after the company topped profit and revenue expectations. Wells Fargo rose 2.2% in the premarket after surpassing earnings and revenue expectations. Citigroup jumped 3% after posting higher-than-expected revenue, fueled by solid growth in both the institutional clients and personal banking. Traders are also watching for preliminary consumer sentiment data for October out Friday. 

/ESZ23 (Dec 2023): YVAH 4430 YPOC 4405 YVAL 4381 GAP 4382.25

/ES Plan: Yesterday market closed bimodal bearish (LIS 43923), but overnight looks more bullish, moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above LIS 4392 with bullish internals, buy towards HVE-YPOC 4405-4406 HVEs 4411-4424 and YVAH-YHOD-HVE 4430-32.

B) If market moves below LIS 4392 with bearish internals, sell towards GAP-YVAL 4382-4381 ONL-HVE 4365-4364 YLOD 4355 and HVE 4345. 

Note: Market opens inside value. Don't be 'too anxious'. Let the market lead. You don’t have to be the first. Bad trades occur when you try to force things to happen. 

Market Movers

10:00 Consumer Sentiment

1:00 PM Baker Hughes Rig Count 

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