Losing week

Outlook 10/16: Stock futures rise slightly on Friday, as traders headed for a mostly losing week amid declines in tech and artificial intelligence-related names. Tesla shares rose 3% after the electric vehicle maker unveiled its next-generation roadster. To be sure, the model won’t go into production until 2028. Outside of tech, investors have been grappling with hotter-than-expected inflation data. Fed Chairman Kevin Warsh spoke at an IMF event in Bangkok overnight. And while he didn’t comment on whether the Fed would raise rates before year-end, traders took that as a sign that the central bank will hold policy steady later this month. The FedWatch tool points to an 85% chance the Fed keeps its overnight rate unchanged at its Oct. 27-28 meeting.

ESZ26 (Dec2026): YVAH 7777 YPOC 7745 YVAL 7725 GAP 7791 IVR 88

/ES Plan: Yesterday market closed bullish, and overnight continues on that way (PBT 7831), moving above value/range, so these're the opening and initial balance options for current session:

A) If market moves above YHOD 7802 with bullish VIX/CVD, buy towards PBT 7831 and GAP 7857 magnets.

B) If market moves below YHOD 7802 with bearish VIX/CVD, sell towards YPOC 7745 and YVAL 7725 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 Fridays are rebalanced days for funds managers based on market inflows. 

Market Movers

13:00 US Baker Hughes Total Rig Count

Follow news and listen to order flow at FinancialJuice.

Follow Twitter updates using TweetDeck old version.

Questions via private twitter direct message (RTH)