Outlook 12/10: Stocks across the globe are flashing red, while U.S. equity futures were off to a softer start to the new week on fresh worries about U.S.-China trade tensions. Those include frictions over the arrest of Huawei CFO Meng Wanzhou and tariff comments from White House trade adviser Peter Navarro. U.S. Trade Representative Robert Lighthizer also warned Sunday that he considers March 1, when the current trade truce is scheduled to expire as "a hard deadline."
/ESZ18 Value: YVAH 2673 YPOC 2635 YVAL 2627 GAP 2635
/ES Plan: On Friday market closed bearish but Overnight looks more balanced, moving within previous value, into 2652-2620 range, so we've these options:
A) If market remains above YPOC 2635 with bullish internals, become a buyer towards ONH 2645 HVE 2652 YVAH 2673 and HVE 2684.
B) If market starts to move below 2635 with bearish internals, be a seller towards HVE 2620 ONL 2610.25 HVE 2586 and PBT 2564.
Today's Economic Calendar
10:00 Job Openings and Labor Turnover Survey
12:30 PM TD Ameritrade IMX
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
Questions? Just ask via email or twitter @verniman direct message.
Glossary of terms
