FED Speakers

Outlook 11/20: Stock futures tick higher as market gears up for Nvidia’s quarterly results. All eyes are on Nvidia, set to report after the close. Investors have eyed the report as a potential catalyst to reaccelerate the market for the rest of the year, following a fade in the big post-election rally that boosted benchmarks to new highs. Stocks struggled last week as Federal Reserve Chair Jerome Powell signaled that the central bank isn’t in a hurry to cut rates. Mounting geopolitical tensions between Russia and Ukraine also spooked markets Tuesday. Investors will also listen for commentary from Federal Reserve Governors Lisa Cook and Michelle Bowman, as well as Boston Fed President Susan Collins.

ESZ24 (DEC2024): YVAH 5945 YPOC 5934 YVAL 5895 GAP 5943

/ES Plan: Yesterday market closed bullish (PBT 5995), but overnight looks more balanced, moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above YVAH 5945 with bullish internals, buy towards ONH 5958 GAP 5965 magnet and ATH-ETH 6053.

B) If market moves below YVAH 5945 with bearish internals, sell towards HVE-YVAL 5895 HVE 5850 and GAP 5820 magnet.

Note: Market opens in balance. Don't be 'too anxious'. You don’t have to be the first. Bad trades occur when you try to force things to happen.

Market Movers

10:00 AM Fed’s Barr Speech
10:00 AM Atlanta Fed's Expectations
10:30 AM EIA Petroleum Inventories
11:00 AM Treasury Buyback Announcement
11:00 AM Fed’s Cook Speech
12:15 PM Fed's Bowman Speech
01:00 PM Baker Hughes Rig Count
01:00 PM 20-Year Bond Auction
02:00 PM Treasury Buyback Results
04:00 PM Fed's Collins Speech 

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