Outlook 12/27: U.S. stock futures all point up, following rising equity markets in Europe and Asia that brought global benchmarks to new records. The SP500 also hit a fresh record, rising 0.51% to close at 3,239.91. The SP500 is less than 10 points away from posting its best annual percentage gain since 1997.
/ESH20 Value: YVAH 3241 YPOC 3236 YVAL 3232 GAP 3244.25
/ES Plan: Last session market closed balanced but overnight looks more bullish and bimodal (LIS 3250), still moving above yesterday's range, so these're today's options:
A) If market remains above LIS 3250 with bullish internals, buy towards new ATH 3254 and PBT 3257.
B) If market moves below LIS 3250 with bearish internals, sell towards GAP 3244.25 and ONL 3241.50
Note: Remember that new record high printed during ETH session should be revisited at RTH session. Market needs an excess high to call an end to the current bullish auction. "Santa Claus Rally" is still into play.
Today's Economic Calendar
10:00 State Street Investor Confidence Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
01:00 PM Baker-Hughes Rig Count
03:00 PM Farm Prices
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