Outlook 01/25: U.S. stock futures are pointing higher in the buildup to another big day of earnings and mixed signals on the direction of the trade talks between the U.S. and China. Meanwhile, Government shutdown enters day 35, and key economic data continues to be postponed. Durable goods order data for December as well as December’s new home sales data are both delayed indefinitely.
/ESH19 Value: YVAH 2643 YPOC 2638 YVAL 2634 GAP 2634.25
/ES Plan: Yesterday market closed balanced but overnight looks more bullish (GBT 2667), moving above previous range, so we've these options:
A) If market remains above LIS 2652 with bullish internals, buy towards ONH 2661.50 GBT 2667 GAP 2671.50 and HVEs 2684-2692.
B) If market starts to move below 2652 with bearish internals, sell towards YVAL 2643 ONL 2634.50 YLOD 2626 and HVEs 2620-2611.
Today's Economic Calendar
10:00 New Home Sales (delayed)
01:00 PM Baker-Hughes Rig Count
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
