Buybacks SoC

Outlook 08/20: Stock futures fell on Thursday as Treasury yields reversed course from the decline seen in the prior trading day following the Treasury Department’s debt buyback announcement (Operation Twist). Bond yields advanced, climbing back from Wednesday’s slide after the Treasury Department said it will at least double repurchases of 10-, 20- and 30-year debt in the next few months. That comes after the 30-year Treasury bond yield spiked to its highest level in nearly 20 years earlier this week. The yield on the 10-year yield gained more than 5 basis points to 4.704%, while the 30-year yield added 6 basis points to 5.254%.

ESU26 (Sep2026): YVAH 7749 YPOC 7736 YVAL 7728 GAP 7728

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

A) If market moves above YLOD 7698 with bullish internal/delta, buy towards YVAL-GAP 7728 and YPOC-YVAH 7736-7749 all magnets.

B) If market moves below YLOD 7698 with bearish internal/delta, sell towards ONL 7680 and PBT 7674 HVE support 7650 both magnets.

Note: Market opens below value and if it begins to trade within value, VAR bullish setup comes in play.

Market Movers

10:00 Leading Index MoM

11:10 Fed's Musalem Speaks

11:30 4-Week Bill Auction

13:00 30-Year TIPS Auction

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