Outlook 01/14: U.S. stock index futures were little changed on Tuesday as the corporate earnings season kicked off with J.P. Morgan Chase posting stronger-than-forecast quarterly results. Sentiment got a boost from optimism around U.S.-China trade relations. The U.S. said it will remove China from a list of currency manipulating countries. The announcement came just a few days before the two largest world economies are due to sign a “phase one” trade deal in Washington, D.C.
/ESH20 Value: YVAH 3284 YPOC 3274 YVAL 3271 GAP 3289.75
/ES Plan: Last session market closed bullish, and overnight continues on that way, still moving above yesterday's value, so these're the options for today's regular trading session:
A) If market remains above LIS HVE 3287 with bullish internals, buy towards YHOD 3291 ONH 3296.75 and PBT 3301.
B) If market moves below LIS HVE 3287 with bearish internals, sell towards ONL 3275.25 YVAL 3271 and GAP 3264.75.
Note: Remember that record highs has been printed overnight, so it's still pending to be revisited at regular trading hours.
Today's Economic Calendar
9:00 Fed's Williams Speech
1:00 PM Fed's George Speech
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