Jobless Claims

Outlook 11/16: U.S. stock futures are little changed Thursday as investors looked to extend November’s hot streak. Weekly jobless claims increase more than anticipated. Initial filings for unemployment benefits rose more than expected last week. First-time claims for the week ended Nov. 11 totaled 231,000, an increase of 13,000 from the prior week and ahead of the 220,000 estimated. Import prices fell more than expected in October, another part of a continuing disinflation trend boosted by falling gasoline costs. The Labor Department’s price index for U.S. imports declined 0.8% for the month, even more than the expected drop of 0.3% estimated.

/ESZ23 (Dec 2023): YVAH 4529 YPOC 4523 YVAL 4518 GAP 4512.25

/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving around previous value, so these're the opening and initial balance options for today:

A) If market moves above YVAL 4518 with bullish internals, buy towards ONH 4522 YVAH 4529 and YHOD 4541.

B) If market moves below YVAL 4518 with bearish internals, sell towards YLOD 4511 ONL 4507 and HVE 4501.

Note: Market opens below value and if it begins to trade within value, VAR comes into play.

Market Movers

10:30 Fed's Waller
10:30 EIA Natural Gas Inventory
10:35 Fed's Barr
11:00 Kansas City Fed Survey
12:00 PM Fed's Mester
12:00 PM Fed's Cook

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