Outlook 07/21: U.S. stock futures point to bullish open after big tech had its best gain in three months, boosted by the FAANG and Tesla. Pfizer and BioNTech also reported early positive data on a joint coronavirus vaccine, while another candidate from Oxford University and AstraZeneca showed a positive immune response in an early trial. Everyone is partying. Industrial stocks are rallying along with stay-at-home players this morning as futures climb 0.7% before quarterly results from Coca-Cola, Philip Morris, Lockheed Martin and United Airlines.
/ESU20 Value: YVAH 3235 YPOC 3230 YVAL 3195 GAP 3246.25
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above yesterday's value, so these are the initial balance options for today's opening:
A) If market remains above LIS HVE 3255 with bullish internals, buy towards ONH 3273.25 and HVEs 3280-3298.
B) If market moves below LIS HVE 3255 with bearish internals, sell towards ONL 3241 and HVEs 3231-3221-3207.
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
No events scheduled
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.
