Outlook 03/28: U.S. stock index futures are holding steady as yield curve concerns continue to pierce equity market sentiment, although bond yields begin to tick higher. There's also reported progress on U.S.-China trade talks, specifically related to intellectual property theft and forced technology transfers as officials from both countries meet in Beijing for top-level negotiations. US GDP fourth-quarter final reading up 2.2%, as expected. In all, 2018 was the best year for the economy since 2015 and well above the 2.2 percent increase in 2017.
/ESM19 Value: YVAH 2816 YPOC 2810 YVAL 2796 GAP 2810.25
/ES Plan: Yesterday market closed balanced and overnight doesn't change too much, moving within Yesterday's value, so Today's options:
A) If market remains above HVE 2808 with bullish internals, buy towards ONH 2814.75 HVE 2819 LVN 2825 and YHOD 2831.75
B) If market starts to move below 2808 with bearish internals, be a seller towards HVE 2802 ONL 2795 and YLOD 2791.75
Tips: Trade the first 2 hours for liquidity. If you get a decent success rate in the morning, trading at afternoon is totally unnecessary. Less is more.
Today's Economic Calendar
09:30 Richard Clarida speech
10:00 Pending Home Sales
10:00 Michele Bowman speech
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
11:30 Fed's Bostic speech
01:00 PM 7-Year Note Auction
01:15 PM Fed's Williams 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
