Outlook 04/01: Better growth numbers from China are lifting investing sentiment across the globe as government stimulus measures appear to be taking hold in the world's second largest economy. Markets are rallying on the news, with Shanghai closing up 2.6%, and SP500 futures ahead by 0.7%. High-level trade negotiations between China and the U.S. are also set to resume in Washington this week.
/ESM19 Value: YVAH 2837 YPOC 2833 YVAL 2829 GAP 2839.75
/ES Plan: On Friday market closed bullish (PBT 2845) and overnight action continues on that way, moving above Friday's range, so these're the options for Today's session:
A) If market remains above LIS 2854 with bullish internals, buy towards ONH 2861.25 and HVEs 2865-2873-2878-2883.
B) If market starts to move below 2854 with bearish internals, sell towards HVE 2846 ONL 2844.50 and GAP 2839.75.
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
09:45 PMI Manufacturing Index
10:00 Business Inventories
10:00 ISM Manufacturing Index
10:00 Construction Spending
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
