Tariffs exemptions

Outlook 08/07: Stock futures jump after Trump’s chip tariffs have broad exemptions. Trump announced late Wednesday that there would be a 100% tariff on imported chips, but not for companies that are “building in the United States.” Nvidia rose more than 1% in the premarket, while AMD climbed more than 2%. Apple also gained 2% after the iPhone maker announced plans to spend an additional $100 billion on U.S. companies and suppliers over the next four years. Jobless claims nudged higher last week while long-term unemployment continued to rise. The numbers indicate a still relatively stable labor market, despite a report Friday. 

ESU25 (SEP2025): YVAH 6377 YPOC 6371 YVAL 6340 GAP 6370

/ES Plan: Yesterday market closed bullish (PBT 6428), and overnight continues on that way, moving well above previous value, so these're the opening and initial balance options for current session:

A) If market moves above ON-VAH 6412 with bullish internals/delta, buy towards ONH 6427 PBT 6445 magnet and ON-ATH 6468 pending to be revisited at RTH.

B) If market moves below ON-VAH 6412 with bearish internals/delta, sell towards YVAH 6377 GAP 6370 magnet HVE-YVAL-VAR 6340 magnet and PBT 6287 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. 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 trading hours. 

Market Movers

10:00 ET Fed’s Bostic 

11:00 ET NY Fed Inflation Expectations

13:00 ET $25 bln 30-Year Bonds auction

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