Earnings Week

Outlook 07/13: Stock futures tick lower on Monday, with chipmakers following international peers sharply lower in premarket trade, as traders weighed the latest events in the Middle East and braced for a slew of corporate earnings reports due out later in the week. Iran and the U.S. again traded airstrikes over the weekend, with Tehran targeting U.S. facilities in multiple Gulf countries and declaring the Strait of Hormuz closed. Focus this week will be on CPI, Warsh, and bank earnings. Major U.S. banks, including JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo, are among the 28 SP500 companies set to report earnings this week. Quarterly results from Netflix, Johnson & Johnson and UnitedHealth are also on deck.

ESU26 (Sep2026): YVAH 7628 YPOC 7625 YVAL 7591 GAP 7622

/ES Plan: Last session market closed bullish (PBT 7690), but overnight looks slight weak, moving within previous value, so these're the opening and initial balance options for current session:

A) If market moves above YVAL 7591 with bullish internals/delta, buy towards GAP 7622 YVAH 7628 and PBT 7656 all magnets.

B) If market moves below YVAL 7591 with bearish internals/delta, sell towards ONL-HVE 7566 YLOD 7552 and GAP 7524 magnet.

Note: Market opens inside value. Don't be 'too anxious'. Stay patient. You don’t have to be the first. Bad trades occur when you try to force things to happen. It's Monday and Mondays are usually the quietest days of the week. Many traders want to take their time analyzing the market, and usually, there are few economic releases. 

Market Movers

11:30 3-6 Month Bill Auction

12:30 Fed's Waller Speaks

14:00 Federal Budget Balance

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