Recovering

Outlook 04/23: U.S. stock futures edged higher on Tuesday as the corporate earnings season picked up steam, and investors looked to build on the strong gains from the previous session. Investors bought the dip in tech stocks after a recent sell-off in key names such as Nvidia, which had been dinged recently amid fears of higher inflation and the prospect of elevated interest rates. Tesla is slated to report earnings after the bell, followed by Meta Platforms on Wednesday afternoon. Google-parent company Alphabet and Microsoft round out the technology-heavy earnings week on Thursday.

/ESM24 (JUN 2024): YVAH 5048 YPOC 5030 YVAL 5006 GAP 5044.75

/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above yesterday's value, so these're the opening and initial balance options for today:

A) If market moves above HVE 5060 with bullish internals, buy towards YHOD 5077 and HVEs 5125-5155.

B) If market moves below HVE 5060 with bearish internals, sell towards YVAH-GAP 5048-45 and YVAL-GAP 5006-04.

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

Market Movers

9:45 PMI Composite Flash
10:00 New Home Sales
10:00 Richmond Fed Index
1:00 PM 2-Year Note Auction
1:00 PM Money Supply 

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