Yields decline

Outlook 10/25: Stock futures rise Friday after the SP500 ended a three-day negative streak, while investors look to end a volatile week on a high note. This has everything to do with the decline we saw on interest rates. A slide in Treasury yields gave the S&P 500 and Nasdaq upward momentum. The 10-year Treasury yield notably cooled off from its three-month highs after breaking above the 4.25% mark during Wednesday’s session. The major indexes are tracking to finish the week with losses, which would snap six-week win streaks for all three. 

ESZ24 (DEC2024): YVAH 5855 YPOC 5849 YVAL 5841 GAP 5855

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

A) If market moves above HVE-YHOD 5870 with bullish internals, buy towards GAP-PBT 5890 HVE 5916 and ATH-ETH 5927 magnet.

B) If market moves below HVE-YHOD 5870 with bearish internals, sell towards YVAH-GAP 5855 YVAL 5841 and HVEs 5832-5824.

Note: Market opens above value and if it begins to trade within value, VAR comes into play. It's Friday and traders who have made losses that week will likely take large risks to try and end the week with a profit. Try to be calm and focus on the market rather than thinking about your account.

Market Movers

10:00 AM Consumer Sentiment

11:00 AM Fed's Collins Speech

01:00 PM Baker Hughes Rig Count 

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