Outlook 04/18: U.S. stock index futures recover a bit more ground as investors look to the continuing Q1 earnings season for clues about the strength of businesses and the economy. Political tensions are popping up in the background ahead of the release of the Mueller report and amid news of renewed weapons tests by N.Korea that threatened to unravel President Trump's broader Asia strategy on trade and security.
/ESM19 Value: YVAH 2911 YPOC 2905 YVAL 2900 GAP 2900.50
/ES Plan: Yesterday market closed bearish but overnight returns within yesterday's after Retail sales data, so today's options:
A) If market remains above LIS-HVE 2907 with bullish internals, buy towards ONH 2909.25 HVEs 2913-2918 and PBT 2828.
B) If market starts to move below 2907 with bearish internals, sell towards HVE 2898 ONL 2889.50 and HVE-GAP 2883.
Quotes: “The obvious rarely happens, the unexpected constantly occurs.” Jesse Livermore
Today's Economic Calendar
09:30 Mueller Report
09:45 PMI Composite Flash
10:00 Business Inventories
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
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
