Outlook 08/14: Stock futures on Friday after a record-setting session, with two of the three major benchmarks on pace for their third consecutive weekly advance. July retail sales declined by 0.6% in July, a huge miss relative to the 0.1% increase economists expected. The S&P 500 and Nasdaq Composite are headed for their third straight weekly advances. Heading into Friday’s session, the former is up 0.5%, while the latter has advanced 0.4%.
ESU26 (Sep2026): YVAH 7829 YPOC 7822 YVAL 7804 GAP 7822
/ES Plan: Yesterday market closed bullish (PBT 7880), but overnight looks balanced, moving around value high, so these're the opening and initial balance options for current session:
A) If market remains above YVAH 7829 with bullish internal/delta, buy towards YHOD 7838 and PBTs 7880-7890 magnets.
B) If market moves below YVAH 7829 with bearish internal/delta, sell towards GAP 7822 and YVAL-VAR 7804 magnets.
Note: If market opens above value and it begins to trade within value, VAR bearish setup comes in play. It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays and ends of months are rebalanced days for funds managers to open or close their large positions.
Market Movers
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