Outlook 05/05: U.S. stock futures rose in early trading Tuesday as investors bet the U.S. economy could start to reopen again. Oil prices increased for a fifth straight day. California Gov. Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday. Meanwhile, New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on “the other side of the mountain.”
/ESM20 Value: YVAH 2816 YPOC 2811 YVAL 2793 GAP 2825.25
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish, moving below Yesterday's range, so these are the initial balance options for today's opening:
A) If market remains above LIS HVE 2857 with bullish internals, buy towards ONH 2865 HVE 2867 LVN 2880 and HVE 2889.
B) If market moves below LIS 2857 with bearish internals, sell towards HVE 2845 YHOD 2836 GAP 2825 ONL 2824.50 and HVE 2820.
Note: Overnight inventory is 100% bullish. The expected action is a counter-auction relative to overnight inventory; failure to see the counter-auction would be an indication of a potential trend day.
Market Movers
09:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
02:00 PM Fed's Bullard Speech
02:00 PM Fed's Bostic Speech
Questions via @verniman direct message (RTH) or email (After Close).
Follow alerts using TweetDeck. Primary twitter language is English.
No unauthorized reproduction of this service without permission.
