New Record

Outlook 10/15: Stock futures are little changed Tuesday after the SP500 closed at a new record high, while traders sifted through the latest earnings reports. Citigroup rose more than 2% in premarket trading Tuesday after a better-than-expected earnings report for the third quarter. Investors will keep an eye on economic data around manufacturing and consumer expectations. San Francisco Federal Reserve Mary Daly, Atlanta Fed Raphael Bostic and Fed Governor Adriana Kugler are expected to deliver remarks throughout the day.

ESZ24 (DEC2024): YVAH 5915 YPOC 5909 YVAL 5892 GAP 5908

/ES Plan: Yesterday market closed bullish (PBT 5967), but overnight looks more balanced, moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above YPOC 5909 with bullish internals, buy towards YVAH 5915 YHOD 5918 and PBT 5967 magnet.

B) If market moves below YPOC 5909 with bearish internals, sell towards  YVAL 5892 HVE 5869 and GAP 5856 magnet. 

Note: Market opens inside value. Don't be 'too anxious'. Stay patient. Let the market lead. You don’t have to be the first. Bad trades occur when you try to force things to happen. 

Market Movers

11:00 AM Treasury Buyback Announcement (Preliminary)

11:30 AM Fed's Daly Speech

01:05 PM Fed's Kugler Speech

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