Outlook 08/13: U.S. stock futures point to bullish open after printing a new record high at overnight session. The government released import prices showed a 0.3% increase when consensus forecasts calling for a rise of 0.6%. At 10 a.m. ET, the University of Michigan issues its mid-August Consumer Sentiment Index, which is expected to edge higher to 81.3 from July’s final reading of 81.2.
/ESU21: YVAH 4448 YPOC 4440 YVAL 4433 GAP 4453.75
/ES Plan: Yesterday market closed bullish, and overnight continues on that way printing new ATH-ON, so these're the opening and initial balance options for today:
A) If market remains above YHOD 4456 with bullish internals, buy towards ONH-ATH 4459.75
B) If market moves below 4456 with bearish internals, sell towards YVAH 4448 and YVAL 4333.
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 Sentiment
1:00 PM Baker-Hughes Rig Count
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