Outlook 02/14: U.S. stock index futures gave up a chunk of their gains on Friday as investors digested mixed data on U.S. consumer spending. Sales at U.S. clothing stores fell in January by the most since 2009, the Commerce Department said. The department also revised down so-called core retail sales growth for December. Overall retail sales for January rose by 0.3%, matching expectations.
/ESH20 Value: YVAH 3382 YPOC 3376 YVAL 3365 GAP 3377.75
/ES Plan: Last session market closed bullish (PBT 3404) but overnight looks more balanced, moving inside yesterday's value, so these're the options for today's regular trading session:
A) If market remains above LIS ON-VAL 3378 with bullish internal, buy towards ONH 3388.50 and PBTs 3391-3404.
B) If market moves below LIS ON-VAL 3378 with bearish internal, sell towards ONL 3372 and HVEs 3358-3338-3331.
Note: Remember that new record high (ATH) has been printed overnight (ON), so it's still pending to be revisited at NYSE regular trading hours (RTH).
Today's Economic Calendar
10:00 Business Inventories
10:00 Consumer Sentiment
01:00 PM Baker-Hughes Rig Count
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