Outlook 01/23: Equity markets are heading higher as Senate leaders agreed to hold votes this week on dueling proposals to reopen shuttered federal agencies, forcing a political reckoning for senators grappling with the longest shutdown in U.S. history. Side with President Donald Trump or vote to temporarily end the shutdown and keep negotiating. Senate Majority Leader Mitch McConnell, R-Ky., set up the two showdown votes for Thursday, a day before some 800,000 federal workers are due to miss a second paycheck.
/ESH19 Value: YVAH 2650 YPOC 2635 YVAL 2620 GAP 2632
/ES Plan: Yesterday market closed bimodal (LIS-LVN 2641) and overnight looks balanced, moving within previous value, so we've these options:
A) If market remains above LIS 2641 with bullish internals, become a buyer towards ONH 2647.75 HVE 2652 GAP 2671.50 and HVE 2684.
B) If market starts to move below 2641 with bearish internals, sell towards GAP 2632 ONL 2627.50 HVEs 2620-2611-2606 and LVN 2595.
Today's Economic Calendar
09:00 FHFA House Price Index
10:00 Richmond Fed Mfg.
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
