Bank earnings

Outlook 01/16: Stock futures are little changed Thursday after markets notched its best day since November, on the back of a tame inflation report and blowout bank results. Bank of America shares inched higher after the company reported an earnings and revenue beat in the prior quarter. Shares of Morgan Stanley climbed 1.3% after also posting a top and bottom-line beat in the fourth quarter on strong investment banking activity and fixed income trading revenue. The results come a day after other financial peers such as JPMorgan Chase and Goldman Sachs also beat fourth-quarter estimates.

ESH25 (MAR2025): YVAH 5998 YPOC 5988 YVAL 5968 GAP 5986

/ES Plan: Yesterday market closed bullish (PBT 6092), 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 5998 with bullish internals, buy towards ONH 6017 HVE 6035-6063 and PBT-GAP 6092 magnet. 

B) If market moves below YVAH 5998 with bearish internals, sell towards GAP 5986 YVAL 5968 CPI SoC and GAP 5892 magnet.

Note: If market opens above value and if it begins to trade within value, VAR comes into play.

Market Movers

10:00 AM Business Inventories

10:00 AM Housing Market Index

10:30 AM EIA Natural Gas Inventory

04:30 PM Fed Balance Sheet 

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