Outlook 11/06: U.S. stock futures are slightly higher on Monday after the major averages capped their best week of the year. All of the major averages were coming off their best weeks of the year so far, also striking a positive chord to begin November trading. Although the week ahead will be light on economic data and company earnings, seasonal tailwinds could help further the recovery in stocks. Meanwhile, traders will also be watching Federal Reserve Chair Jerome Powell, who is scheduled to speak twice in the coming days. Last week the central bank kept rates unchanged for a second straight meeting as bond yields tumbled, and investors are hoping its rate-hiking campaign may be over.
/ESZ23 (Dec 2023): YVAH 4388 YPOC 4379 YVAL 4365 GAP 4379.50
/ES Plan: Last session market closed bullish (PBT 4433), and overnight continues on that way, moving within previous value/range, so these're the opening and initial balance options for today:
