Veterans Day

Outlook 11/10: U.S. stock futures rise modestly on Friday as traders kept an eye on Treasury yields after the broad-market index ended an eight-day run of gains. Stocks sold off after Federal Reserve Chair Jerome Powell said the central bank is “not confident” it has done enough in the battle against inflation. “The Federal Open Market Committee is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2 percent over time; we are not confident that we have achieved such a stance,” he said in prepared remarks at an International Monetary Fund event. 

/ESZ23 (Dec 2023): YVAH 4406 YPOC 4399 YVAL 4370 GAP 4365.25

/ES Plan: Yesterday market closed bearish, 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 HVE 4385 with bullish internals, buy towards YPOC 4399 HVE-YVAH 4406 and YHOD 4412.

B) If market moves below HVE 4385 with bearish internals, sell towards YVAL 4370 GAP 4365 HVE 4364 and YLOD 4358.

Note: It's Friday and traders who have made losses that week will likely take large risks to try and end the week with a profit. Try to be calm and focus on the market rather than thinking about your account.

Market Movers

10:00 Consumer Sentiment

1:00 PM Baker Hughes Rig Count

2:00 PM Treasury Statement 

Follow Twitter updates using TweetDeck old version.

Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)