PCE index

Outlook 01/31: Stock futures tick higher Friday as investors analyzed earnings reports from Apple and other well-known companies, alongside the release of a closely followed inflation report. Investors honed in on Apple, which saw shares rise 4% in extended trading after the company exceeded fiscal first-quarter expectations. The December data for the personal consumption expenditures price index showed an increase of 0.3% from November and a 2.6% annual rate. While this yearly advance was in line with economists’ expectations, it marked an acceleration from the prior month’s rate of 2.4%, raising some concerns that inflation remains sticky. Excluding food and energy, core PCE also increased 0.2% monthly and 2.8% on an annual basis.

ESH25 (MAR2025): YVAH 6100 YPOC 6089 YVAL 6074 GAP 6096

/ES Plan: Yesterday market closed bullish, and overnight continues on that way (PBT 6153), moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market remains above HVE 6113 with bullish internals, buy towards ONH-HVE 6130 PBT 6156 magnet and ATH-RTH 6164.

B) If market moves below HVE 6113 with bearish internals, sell towards GAP 6096 YVAL-VAR 6074 magnet and HVE 6070.

Note: FOMC day always offer an overreaction, Yesterday was the real reaction to FOMC news, and Today is when we have confirmation of the next trend. On these high volatility days, a lot of money could be made and lost but your first trading rule is 'manage your risk', sizing small with less /ES emini contracts or using /MES micro futures. 

Market Movers

09:45 AM Chicago PMI
01:00 PM Fed's Bowman Speech
01:00 PM Baker Hughes Rig Count
03:00 PM Farm Prices 

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