Outlook 01/14: Stock markets across the globe are starting the week on the back foot after a shock contraction in Chinese exports, which fell 4.4% from a year earlier. Earnings season kicks off this week with Citigroup announcing Q4 results. Citigroup, the first of the big U.S. banks to report fourth-quarter results, missed revenue estimates by a half-billion dollars as bond trading revenue declined amid a difficult December for markets. The bank made $1.61 per share in profit, excluding impacts of the U.S. tax overhaul, beating expectations for $1.55 on better-than-expected cuts in expenses and loan losses.
/ESH19 Value: YVAH 2597 YPOC 2589 YVAL 2585 GAP 2595
/ES Plan: On Friday market closed balanced but overnight looks slight bearish, moving below previous range, so we've these options:
A) If market remains below YLOD 2577 with bearish internals, become a seller towards ONL 2567.25 and HVEs 2562-2539.
B) If market starts to move above 2577 with bullish internals, buy towards HVE 2586 ONH 2592 GAP 2595 and PBT 2602.
Today's Economic Calendar
No events scheduled
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
Questions via @verniman direct message (RTH) or email (After Close).
Glossary of terms
