JOLTS data

Outlook 10/29: Stock futures slide Tuesday as investors readied for key corporate earnings releases, including reports from notable tech names. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues. Alphabet, Snap, Reddit, Chipotle and Advanced Micro Devices are all scheduled to post their quarterly results after the market closes. Meta Platforms and Microsoft are slated to report on Wednesday, while Apple is up on Thursday. On the economic front, investors will monitor job openings and labor turnover data due in the morning, the first of several reports coming this week that will provide insight into the strength of the job market. Elsewhere, data on housing prices and consumer confidence are also expected on Tuesday.

ESZ24 (DEC2024): YVAH 5876 YPOC 5869 YVAL 5864 GAP 5863

/ES Plan: Yesterday market closed balanced, but overnight looks slight bearish, moving belown previous value/range, so these're the opening and initial balance options for today:

A) If market moves above HVE 5850 with bullish internals, buy towards YLOD 5857 GAP-YVAL 5864 and YPOC-ONH-HVE 5870.

B) If market moves below HVE 5850 with bearish internals, sell towards GAP 5842 HVEs 5832-5824 and HVE-PBT 5800 magnet.

Note: Overnight inventory is bearish out of value. The expected action is a counter-auction back to value; failure to see the counter-auction would be an indication of potential bearish trend day. Market opens below value and if it begins to trade within value, VAR comes into play.

Market Movers

10:00 AM Consumer Confidence
10:00 AM JOLTS data
1:00 PM 7-Year Note Auction 

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