Columbus Day

Outlook 10/14: Stock futures are slight higher on Monday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records. Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday before the market opens, while Morgan Stanley and United Airlines are set to release results Wednesday. Those reports will come after JPMorgan Chase and Wells Fargo kicked off the third-quarter earnings season on a high note. The early signs of a recovery in banking profits helped push the broader market to all-time highs at the end of last week. On the data front, September retail sales and industrial production figures are out Thursday, followed by housing starts and building permits Friday.

ESZ24 (DEC2024): YVAH 5867 YPOC 5861 YVAL 5849 GAP 5856

/ES Plan: Last session market closed bullish (PBT 5906), and reopening continues on that way, moving above previous value/range, so these're the opening and initial balance options for today:

A) If market moves above YHOD 5868 with bullish internals, buy towards PBTs 5882 and 5906 magnets.

B) If market moves below YHOD 5868 with bearish internals, sell towards GAP 5956 and YVAL 5849 VAR magnet

Note: Today Monday, Oct. 14, marks Columbus Day. U.S. stock markets will remain open. However, bond markets will be closed so trading volume will be lower than usual. 

Market Movers

3:00 PM Fed’s Waller Speech
5:00 PM Fed’s Kashkari Speech

Follow Twitter updates using TweetDeck old version.
Follow news and listen to order flow at FinancialJuice.

Questions via private twitter direct message (RTH)