Outlook 04/15: Though it will be a shorter trading week (due to Good Friday), traders will have plenty of things to monitor. Bank and financial earnings continue to pour in today, with Citigroup, Goldman Sachs and Charles Schwab updating investors before the bell. U.S. stock index futures are holding steady ahead of the Q1 reports, pointing to a muted open on Wall Street. Other events throughout the week include Pinterest's highly-anticipated IPO, retail sales data and the Fed's beige book release.
/ESM19 Value: YVAH 2913 YPOC 2910 YVAL 2907 GAP 2912.75
/ES Plan: On Friday market closed bullish (PBT 2928) but overnight looks more bearish (GBT 2907), moving within Friday's value, so today options:
A) If market remains below YVAH-HVE 2913 with bearish internals, sell towards ONL 2909.25 HVE-GBT 2907 and HVE 2900.
B) If market starts to move above YVAH-HVE 2913 with bullish internals, buy towards ONH 2914.50 HVE 2918 and PBT 2928.
Quotes: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” Jesse Livermore
Today's Economic Calendar
10:30 Business Outlook Survey
11:30 3-Month Bill Auction
11:30 6-Month Bill Auction
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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