Record Highs

Outlook 08/13: Stock futures rise as SP500 and Nasdaq get set to build on record highs. Stocks rose Tuesday as inflation data was tamer than expected, soothing investor fears that tariffs are not spiking prices. Traders are now pricing in a nearly 94% chance of a rate cut at the Federal Reserve’s September meeting. Thursday’s producer price index report on wholesale inflation will add another piece of the economic picture. The report comes ahead of the Fed’s Jackson Hole meeting on Aug. 21-23, which could also help shape expectations for the central bank’s next policy move.

ESU25 (SEP2025): YVAH 6470 YPOC 6463 YVAL 6430 GAP 6467

/ES Plan: Yesterday market closed bullish (PBT 6525), and overnight continues on that way (PBT 6503), moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above ON-POC 6481 with bullish internals/delta, buy towards pending ONH-ATH 6489 and PBT 6503 magnet.

B) If market moves below ON-POC 6481 with bearish internals/delta, sell towards YVAH 6470 and GAP 6467 YVAL 6430 magnets.

Note:  If market opens above value and it begins to trade within value, VAR setup comes in play. Remember that a new record high has been printed overnight, so it's still pending to be revisited at regular hours. 

Market Movers

10:30 ET US Weekly EIA Crude Oil Inventories

11:15 ET Trump makes an Announcement

13:00 ET Fed’s Goolsbee speaks

13:30 ET Fed’s Bostic speaks

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