CPI data

Outlook 01/15: Stock futures climb on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December. December’s consumer price index showed that core inflation, which excludes food and energy, rose 3.2%. This was a notch down from the previous month and better than the 3.3% estimated. Meanwhile, the 0.4% month-over-month uptick in headline inflation came in slightly above the 0.3% forecast by economists. On a 12-month basis, headline inflation increased 2.9%, in line with forecasts. 

ESH25 (MAR2025): YVAH 5906 YPOC 5892 YVAL 5865 GAP 5891

/ES Plan: Yesterday market closed bullish, and overnight, after CPI data, continues on that way, moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market remains above HVE 5963 with bullish internals, buy towards ONH 5980 and HVE 5995. 

B) If market moves below HVE 5963 with bearish internals, sell towards YHOD 5918 and GAP 5891 magnet.

Note: Overnight inventory is 100% bullish. The expected action is a counter-auction; failure to see the counter-auction would be an indication of potential bullish trend day. Market opens above value and if it begins to trade within value, VAR comes into play.

Market Movers

10:00 AM Fed's Kashkari Speech
10:30 AM EIA Petroleum Inventories
11:00 AM Fed's Williams Speech
11:00 AM Fed’s Goolsbee Speech
02:00 PM Fed's Beige Book 

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