Outlook 01/10: U.S. stock futures pared earlier gains on Friday after the release of disappointing U.S. employment data. Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%. Economists had been looking for job growth of 160,000. The jobless rate met expectations for staying at a 50-year low.
/ESH20 Value: YVAH 3275 YPOC 3273 YVAL 3268 GAP 3275.75
/ES Plan: Yesterday market closed bullish (PBT 3287), and overnight has repaired that anomaly, still moving above yesterday's range, so these're the options for today's regular trading session:
A) If market remains above LIS 3280 with bullish internals, buy towards ONH-ATH 3287 and PBT 3291.
B) If market moves below LIS 3280 with bearish internals, sell towards GAP-ONL 3275.25 and HVE 3264.
Note: Remember that record highs has been printed overnight, so it's still pending to be revisited at regular trading hours. Watching at the bigger picture, new ATH leaves an excess high and that anomaly opens the gate for a major reversal.
Today's Economic Calendar
10:00 Wholesale Trade
01:00 PM Baker-Hughes Rig Count
Questions via @verniman direct message (RTH) or email (After Close).
Follow RTH updates using TweetDeck alerts
