Christmas Eve

Outlook 12/24: Following the worst week for equities since the financial crisis, U.S. stock index futures are getting a little merry in thin Christmas Eve trading. Treasury Secretary Steven Mnuchin held calls on Sunday with the heads of the six largest U.S. banks in order to ensure liquidity and made plans to convene the "Plunge Protection Team." The group, which also met in 2009 during the latter stage of the financial crisis, includes officials from the Fed and SEC.

/ESH19 Value: YVAH 2496 YPOC 2473 YVAL 2444 GAP 2421

/ES Plan: On Friday market closed bearish and overnight looks more balanced moving below previous value, into 2415-2405 range, so we've these options:

A) If market remains above HVE 2405 with bullish internals, be a buyer towards HVEs 2415 GAP 2421 HVE 2427 and YVAL 2444.

B) If market starts to move below 2405 with bearish internals, become a seller towards ONL 2467 and HVEs 2463-2444-2427.

Today's Economic Calendar

8:30 Chicago Fed National Activity Index
NYSE Close at 1:00 PM ET.
CME-CBOT Close at 1:15 PM ET.

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