Outlook 04/17: Futures point to stocks opening on the upside, as investors await another crop of first-quarter earnings including Pepsi, Abbott Laboratories, and Morgan Stanley. SP500 futures rise 0.2% after China’s GDP increased 6.4% in the first three months of the year.
/ESM19 Value: YVAH 2913 YPOC 2917 YVAL 2909 GAP 2909.75
/ES Plan: Yesterday market closed balanced but overnight looks more bullish (GBT 2922), moving above Yesterday's value, so today's options:
A) If market remains above HVE-YVAH 2918 with bullish internals, buy towards GBT 2922 PBT 2928 and HVE 2936.
B) If market starts to move below 2918 with bearish internals, sell towards HVE 2913 ONL 2908.75 and HVE 2907.
Quotes: “The obvious rarely happens, the unexpected constantly occurs.” Jesse Livermore
Today's Economic Calendar
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
12:30 PM Fed's Bullard Speech
12:30 PM Fed's Harker Speech
02:00 PM Fed's Beige Book
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
