Outlook 05/03: U.S. stock index futures look bullish after the U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest since 1969, according to a Labor Department. Speeches from seven Fed officials are on the radar today, just days after the central bank kept policy unchanged despite a strategy rethink and calls to tilt dovish.
/ESM19 Value: YVAH 2924 YPOC 2915 YVAL 2904 GAP 2918
/ES Plan: Yesterday market closed balanced but overnight looks more bullish after Jobs Report, moving a few ticks above yesterday's range, so we've these options:
A) If market remains above LIS YHOD 2932 with bullish internals, buy towards HVEs 2936-2943 and VPOC 2951.
B) If market starts to move below 2932 with bearish internals, sell towards HVE 2924 GAP 2918 and HVE 2913.
Quotes: Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” Yvan Byeajee
Today's Economic Calendar
09:30 Larry Kudlow interview
09:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:15 Fed's Evans speech
11:30 Fed’s Clarida speech
01:00 PM Baker-Hughes Rig Count
01:45 PM Fed's Williams speech
03:00 PM Fed's Bowman speech
07:45 PM Fed's Bullard speech
07:45 PM Fed's Daly speech
07:45 PM Fed's Kaplan speech
07:45 PM Fed's Mester speech
Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.
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