Teach leads

Outlook 10/28: Stock futures rise on Monday as investors looked for a batch of megacap technology earnings to keep driving the Nasdaq to new heights this week. A cooling geopolitical situation also aided risk sentiment. We start a big week in markets that will mark the busiest week of third-quarter earnings reporting season and the final week before the Nov. 5 U.S. Presidential election. Five of the Magnificent Seven companies, Alphabet, Microsoft, Meta Platforms, Amazon and Apple are scheduled to report third-quarter earnings. Investors expect to see play out is these megacap tech names continuing to reinforce commitment to AI in tech spending broadly

ESZ24 (DEC2024): YVAH 5879 YPOC 5850 YVAL 5840 GAP 5842

/ES Plan: Last session market closed bearish (PBT 5800), but overnight looks more bullish, still moving within previous value, so these're the opening and initial balance options for today:

A) If market moves above YVAH 5879 with bullish internals, buy towards ONH 5885 YHOD 5901 HVE 5916 and ATH-ETH 5927 magnet.

B) If market moves below YVAH 5879 with bearish internals, sell towards GAP-YVAL 5842-40 HVEs 5832-5824 and HVE-PBT 5800 magnet.

Note: It's Monday and Mondays are usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases.

Market Movers

10:30 AM Dallas Fed Survey

1:00 PM 5-Year Note Auction 

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