Outlook 01/07: U.S. stock futures have edged lower in the buildup to a huge week of corporate events, highlighted by CES and the JPMorgan healthcare conference in San Francisco. Meanwhile, U.S. markets expect that trade talks between the U.S. and China will move in the right direction. China has the "good faith" to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday. U.S. officials are meeting their counterparts in Beijing this week for the first face-to-face talks since U.S. President Donald Trump and China's President Xi Jinping agreed in December to a 90-day truce in trade war.
/ESH19 Value: YVAH 2539 YPOC 2530 YVAL 2500 GAP 2530.75
/ES Plan: On Friday market closed bullish (PBT 2585) but overnight looks more bearish (GBT 2508) moving within previous value, so we've these options:
A) If market remains below HVE 2539 with bearish internals, sell towards ONL 2523.25 HVE 2508 and YVAL-HVE 2500.
B) If market starts to move above 2539 with bullish internals, be a buyer towards ONH 2551.75 and HVEs 2562-2586.
Today's Economic Calendar
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX
12:40 PM Fed's Bostic speech
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
