Outlook 10/25: U.S. stock futures pointed to a little-changed open on Friday as investors digested disappointing results from Amazon. Market focus Friday remains on the corporate sector. A-B InBev, Barclays and Verizon set to report earnings before the bell. Meanwhile U.S. Vice President Mike Pence said that Washington does not seek a confrontation with China, as both countries continue to work toward a trade deal. In U.K. Prime Minister Boris Johnson is pushing for a general election on December 12, further increasing uncertainty around Brexit.
/ESZ19 Value: YVAH 3010 YPOC 3004 YVAL 3002 GAP 3004.25
/ES Plan: Yesterday market closed balanced and overnight continues on that way, moving within Yesterday's value, so:
A) If market moves above LIS YVAL 3002 with bullish internals, buy towards GAP 3004.25 and HVEs 3012-3018-3024.
B) If market moves below LIS YVAL 3002 with bearish internals, sell towards ONL 3000 and HVEs 2995-2988-2980.
Tips: It's Friday, the worst day to trade and the reason is that there’s only a very little window of trading (often around 2 hours after the opening bell) and that’s it. After that the markets tends to get very sloppy and the trading volume also decrease significantly.
Today's Economic Calendar
10:00 Consumer Sentiment
01:00 PM Baker-Hughes Rig Count
02:00 PM Treasury Budget
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