Outlook 10/24: U.S. stock futures are pointing slightly higher ahead of another busy day of earnings reports. Amazon, Twitter, Intel, Visa and Comcast are among the notable companies stepping up to the plate. Intel, Visa, as well as Amazon are also out after the bell.
/ESZ19 Value: YVAH 3001 YPOC 2995 YVAL 2991 GAP 3005.50
/ES Plan: Yesterday market closed balanced but overnight looks more bullish, moving above Yesterday's range, so:
A) If market moves above LIS HVE 3012 with bullish internals, buy towards HVEs 3018-3024 ATH 3029.50 and PBT 3042.
B) If market moves below LIS HVE 3012 with bearish internals, sell towards HVE 3007 GAP 3005.50 ONL 2982 and ONL 3003.
Tips: Stats show Thursdays as the climax day for futures trading. Most of profits have been made on Thursdays. The thing is, if you get the direction right on Thursday, the market just tends to reward you hugely. Market tends to trend and move really well on Thursday.
Today's Economic Calendar
09:45 PMI Composite Flash
10:00 New Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
01:00 PM 7-Year Note Auction
04:30 PM Money Supply
04:30 PM Fed Balance Sheet
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