Yellen 2nd Act

Outlook 11/24: U.S. stock futures were higher Tuesday, with the Trump administration approving Joe Biden's transition and the president-elect set to pick Janet Yellen as Treasury secretary. Yellen, if approved by the Senate, would become the first woman to serve as Treasury secretary. The 74-year-old labor economist is widely seen as a politically "safe" pick for the role, likely to garner support from Senate Republicans as someone capable of pursing bipartisan compromise during an otherwise fragile time for the economy.

/ESZ20 Value: YVAH 3580 YPOC 3576 YVAL 3563 GAP 3576

/ES Plan: Yesterday market closed bullish (PBT 3606), and overnight has repaired that anomaly, moving above yesterday's range, so these are the initial balance options for today's opening:

A) If market remains above LIS HVE 3600 with bullish internals, buy towards ONH 3607.75 GAP 3629 and HVE 3639.

B) If market moves below LIS YPOC 3600 with bearish internals, sell towards HVE 3588 and GAP-ONL 3576.

Note: Remember that record high has been printed overnight, so it's still pending to be revisited at regular trading hours.

Market Movers

10:00 Consumer Confidence

10:00 Richmond Fed Mfg.

11:00 Fed's Bullard Speech

12:00 PM Fed's Williams Speech

12:45 PM Fed's Clarida Speech

1:00 PM 5-Year Note Auction

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