Outlook 02/22: US stocks futures up overnight, after falling back during yesterday's session. President Trump is set to meet today with China's top trade official, Liu He, with only a week left until the temporary truce between the two nations expires. While Trump has met Liu before, the announcement is a good sign that the talks are moving along well. EU Trade Commissioner Cecilia Malmstrom also sounded an upbeat note on the potential for a U.S. trade deal as the bloc tries to keep at bay the threat of American automotive tariffs.
/ESH19 Value: YVAH 2779 YPOC 2774 YVAL 2770 GAP 2774.25
/ES Plan: Yesterday market closed bearish but overnight looks more bullish moving above previous value, so we've these options:
A) If market remains above YVAH 2779 with bullish internals, become a buyer towards HVE 2784 ONH 2787.75 HVE 2796 and HVE-PBT 2808.
B) If market starts to move below 2779 with bearish internals, sell towards GAP 2774.25 ONL 2770.50 HVEs 2764-2758-2743 and LVN 2734.
Today's Economic Calendar
10:15 Fed's Mary Speech
10:15 Fed's Williams speech
01:00 PM Baker-Hughes Rig Count
01:30 PM Fed's Bullard speech
01:30 PM Fed’s Clarida speech
01:30 PM Fed's Harker speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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