Outlook 04/09: U.S. stock futures continue to gain on hopes that the pandemic is nearing a peak and that a crude oil output deal will be struck. Jobless rolls continued to swell due to the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims in the week ended April 4, the Labor Department reported Thursday. That brings the total over the past three weeks to more than 16 million. Federal Reserve unveils details of $2.3 trillion in programs to help support the economy.
/ESM20 Value: YVAH 2753 YPOC 2734 YVAL 2676 GAP 2734.75
/ES Plan: Last session market closed bullish (PBT 2845), and overnight continues on that way, so these're the options for today:
A) If market remains above LIS HVE 2775 with bullish internals, buy towards HVE 2789 LVN 2800 HVE 2815 and PBT 2845.
B) If market moves below LIS 2775 with bearish internals, sell towards LVN 2760 GAP 2734.75 ONL 2701 and YVAL 2676.
Market Movers
10:00 Jerome Powell Speech
10:00 Consumer Sentiment
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
04:30 PM Money Supply
04:30 PM Fed Balance Sheet
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