Outlook 04/16: SP500 pointing to gains of 0.4% as investors await the latest batch of earnings, including reports from UnitedHealth, Johnson and Johnson, IBM and Netflix. A notable standout from the overnight session was the Shanghai Composite, which jumped 2.4% on the latest trade optimism. Larry Kudlow, director of the National Economic Council, said negotiations over complaints that China has predatory technology policies were going "very well" and making good progress.
/ESM19 Value: YVAH 2913 YPOC 2909 YVAL 2906 GAP 2909.75
/ES Plan: Yesterday market closed balanced but overnight looks more bullish (GBT 2928), moving above Yesterday's range, so today's options:
A) If market remains above HVE 2918 with bullish internals, buy towards ONH 2921.25 PBT 2928 and HVE 2936.
B) If market starts to move below 2918 with bearish internals, sell towards HVE 2913 ONL 2910 and HVE 2907.
Tips: Be selective with your entries, be patience and wait for the best time on each hour, to join the fuel of big money. Usually, every half hour the big money starts a new sequence. Take advantage of that impulse.
Today's Economic Calendar
10:00 NAHB Housing Market Index
02:00 PM Fed's Kaplan 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).
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