Another short week

Outlook 01/06: Stock futures rise Monday as chipmakers and technology stocks jumped to start another shortened trading week. Investors are entering another shortened trading week, which will wrap the next of the first five January trading days, on a wobbly note and with lingering concerns about the Federal Reserve’s interest rate projections. The New York Stock Exchange will be closed Thursday to mourn the death of former President Jimmy Carter. The December jobs report is due out Friday and will be one of the last key pieces of data before the Fed meeting at the end of this month. Investors are also watching the Job Openings and Labor Turnover Survey (JOLTS) Tuesday and December ADP Employment Survey Wednesday.

ESH25 (MAR2025): YVAH 5996 YPOC 5989 YVAL 5954 GAP 5986

/ES Plan: Last session market closed bullish (PBT 6063), and reopening continues on that way (PBT-GAP 6092), moving well above previous value/range, so these're the opening and initial balance options for current session:

A) If market remains above HVE 6035 with bullish internals, buy towards PBT 6063 GAP 6092 magnet HVE 6107 and FOMC SoC 6136 magnet.

B) If market moves below HVE 6035 with bearish internals, sell towards YHOD-YVAH 5996 GAP 5986 magnet and YVAL 5954 magnet.

Note: It's another short week. We'll see if institutions resume their normal trading routine or if volume remains below normal.

Market Movers

09:45 AM PMI Composite Final
10:00 AM Factory Orders
01:00 PM 3-Year Note Auction 

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