Outlook 11/12: U.S. stock index futures are starting the week not far from the flatline. No major economic data is expected and the session could see low trading volumes as U.S. bond markets are closed for Veterans Day. In earnings news, several retailers including Walmart and Macy’s will be on the radar this week, with investors keen on hearing what they say about consumer sentiment.
/ESZ18 Value: YVAH 2790 YPOC 2785 YVAL 2775
/ES Plan: On Friday market closed balanced but Overnight looks bearish, moving below Friday's value, within 2783-2765, so today's options:
A) If market remains below YVAL 2775 with bearish internals, become a seller towards ONL 2768.50 HVE 2765 and GAP 2759.
B) If market starts to move above 2775 with bullish internals, buy towards HVE 2783 YVAH 2790 ONH 2795.25 and HVE 2796.
Note: U.S. stock markets are open for trading on Monday, November 12. However, bond markets, Federal Reserve Banks, and many of the nation banking institutions will be closed in observance of Veterans Day.
Today's Economic Calendar
2:30 PM Fed's Daly Speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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Glossary of terms
