Chip-driven

Outlook 01/07: Stock futures edged higher on Tuesday after the broad-market index notched a second winning day in the prior session. Tech could be in for another winning day if Nvidia surges once again. Major economic reports that will shape the market’s action loom ahead this week. The Job Openings and Labor Turnover Survey is due on Tuesday, while the ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December’s nonfarm payrolls report. It is a four-day trading week, with the New York Stock Exchange closed on Thursday in honor of the late former President Jimmy Carter.

ESH25 (MAR2025): YVAH 6052 YPOC 6023 YVAL 6011 GAP 6027

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

A) If market remains above HVE 6035 with bullish internals, buy towards YVAH 6052 GAP 6092 magnet HVE 6107 and FOMC SoC 6136 magnet.

B) If market moves below HVE 6035 with bearish internals, sell towards YVAL 6011 HVE 5995 GAP 5986 magnet HVE 5965 and GAP 5922 magnet.

Note: It's another short week. We'll see if institutions resume their normal trading routine or if volume remains below normal.

Market Movers

10:00 AM ISM Service Index

10:00 AM JOLTS

01:00 PM 10-Year Note Auction

01:00 PM 30-Year Bond Auction

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