Intel gains

Outlook 07/24: Stock futures tick higher on Friday, stabilizing after a tough session in which a sharp spike in oil prices and lackluster earnings from two megacap companies pressured the broader equity market. Intel shares jumped 3% in premarket trading after the chipmaker’s second-quarter results exceeded expectations. Intel’s revenue grew 25%, its strongest for any period since the third quarter of 2011. Helping sentiment as well, the recent rally in oil prices lost momentum Friday. U.S. West Texas Intermediate futures fell 2% to trade above $89 a barrel. Meanwhile, President Donald Trump said he will soon make a decision on whether to launch a “massive attack” on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea.

ESU26 (Sep2026): YVAH 7462 YPOC 7434 YVAL 7424 GAP 7453

/ES Plan: Yesterday market closed bearish, but overnight inventory looks balanced, moving within previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YVAH 7462 with bullish internal/delta, buy towards MID 7480 and HVEs 7503-7527-7541.

B) If market moves below YVAH 7462 with bearish internal/delta, sell towards YPOC 7434 YVAL 7424 YLOD 7412.

Note: It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays are rebalanced days for managers to open or close positions. 

Market Movers

09:45 S&P Services PMI
10:00 New Home Sales
13:00 Baker Hughes Oil Rig Count
15:00 Trump Speaks

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