Outlook 04/22: U.S. stock index futures are lower after the Easter long weekend that could make Monday the quiet before one of the busiest weeks of the earnings season so far. A deluge of corporate earnings reports and U.S. GDP data will take center stage the week ahead. Reports before the bell today include Halliburton and Kimberly-Clark, while Whirlpool and Celanese are among those reporting after the close.
/ESM19 Value: YVAH 2911 YPOC 2908 YVAL 2901 GAP 2910.50
/ES Plan: On Friday market closed bullish but overnight looks more bearish, moving within Friday's value, so we've these options:
A) If market remains below LIS YVAL 2901 with bearish internals, sell towards HVE 2898 YLOD 2889.50 PBT 2887 and HVE-GAP 2883.
B) If market starts to move above 2901 with bullish internals, buy towards GAP 2910.50 HVE 2913 ONH 2915.75 and HVEs 2918-2824.
Quotes: “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Today's Economic Calendar
10:00 Existing Home Sales
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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