Outlook 03/13: It looks like another mixed session ahead for U.S. indexes. Core PPI shy of estimates and January durable goods come in strong. Meanwhile U.K. lawmakers will vote later today on whether Britain should leave the EU on March 29 without any agreement after parliament rejected Theresa May's withdrawal accord on Tuesday. If they vote for no deal, lawmakers will get a third vote tomorrow on whether to delay the March 29 exit date.
/ESM19 Value: YVAH 2800 YPOC 2799 YVAL 2794 GAP 2797.50
/ES Plan: Yesterday market closed bullish and overnight continues on that way, moving above yesterday's range so we've these options:
A) If market remains above YVAH-LVN 2800 with bullish internals, buy towards ONH 2806 and HVEs 2808-2819-2825.
B) If market starts to move below 2800 with bearish internals, sell towards ONL 2788.25 and HVE 2784-2775-2769.
Tips: Trade the AM session for liquidity. If you get a decent success rate in the morning, trading at afternoon or overnight is totally unnecessary.
Today's Economic Calendar
10:00 Atlanta Fed's Inflation
10:00 E-Commerce Retail Sales
10:00 Construction Spending
10:30 EIA Petroleum Inventories
01:00 PM 30-Year Note Auction
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
