FED buybacks

Outlook 08/19: Stock futures jumped on Wednesday as Treasury yields fell after the Treasury Department announced an increased buyback operation for longer-term debt. Yields on the long end of the Treasury curve plummeted after the Treasury Department said Wednesday that it’s going to at least double the size of its government debt repurchases. The upscaled buyback is aimed at the 10- to 20- year as well as the 20- to 30-year parts of the market. The change will start Sept. 9 and stay in effect through Nov. 4.

ESU26 (Sep2026): YVAH 7829 YPOC 7722 YVAL 7714 GAP 7714

/ES Plan: Yesterday market closed bearish (PBT 7674), but overnight, after FED news, turns bullish, moving above value, so these're the opening and initial balance options for current session:

A) If market moves above HVE 7736 with bullish internal/delta, buy towards GAP 7767 and VPOC 7795 magnets.

B) If market moves below HVE 7736 with bearish internal/delta, sell towards GAP 7714 and PBT 7674 magnets.

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

Market Movers

10:30 Crude Oil Inventories

13:00 20-Year Bond Auction

14:00 FOMC Meeting Minutes

14:10 Trump Speaks

Follow news and listen to order flow at FinancialJuice.

Follow Twitter updates using TweetDeck old version.

Questions via private twitter direct message (RTH)