Outlook 11/28: U.S. stock futures are slightly lower Tuesday as traders analyzed the strong gains seen throughout November and the trading month nears its end. Traders will follow economic data on topics including housing prices and consumer confidence due Tuesday morning. Investors will also track a slate of Federal Reserve officials set to deliver remarks throughout the day. Those speakers include Chicago Fed President Goolsbee, as well as Fed Governors Waller and Bowman.
/ESZ23 (Dec 2023): YVAH 4565 YPOC 4561 YVAL 4558 GAP 4560.50
/ES Plan: Last session market closed balanced, but overnight looks slight bearish, moving below previous value/range, so these're the opening and initial balance options for today:
A) If market moves above YLOD 4552 with bullish internals, buy towards YVAL 4558 GAP 4560 YVAH 4566 and YHOD 4570.
B) If market moves below YLOD 4552 with bearish internals, sell towards ONL 4547 GAP 4545 and HVEs 4532-4522-4512.
Note: Market opens below value and if it begins to trade within value, Value Area Rule (VAR) comes into play.
Market Movers
10:00 Consumer Confidence
10:00 Richmond Fed Mfg. Index
10:00 Fed’s Goolsbee
10:05 Fed’s Waller
10:45 Fed’s Bowman
1:00 PM Money Supply
1:00 PM 7-Year Note Auction
1:05 PM Fed’s Barr
3:30 PM Fed’s Barr
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