Your MUST-READ Morning Stock Futures Cheat Sheet: All hallows

The exclusive Markets Morning Report is supplied by The Precision Report.

The Precise Take – All hallows

Big Picture Analysis:  Overnight, risk markets are down a bit, and the big news was a massive currency intervention by the Bank of Japan to weaken the Yen.  Barring an unlikely panic selloff today, October will lock in impressive gains, and thestrong price thrust bodes well for the coming year.   Market structure has improved as of late as well, but bulls are not yet out of the clear, and a move below 1235 in the ES will embolden the bears.  ISM Manufacturing tomorrow is the first major economic report of the week, but focus will be on the FOMC and its announcement on Wednesday.  A move below 1265 suggests a test of volume support at either ~1250 or ~1235.  Chicago PMI, released at 9:42 am to subscribers and 9:45 am to the public, could be a market mover, as it often comes in out of consensus.

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Today’s  Scheduled News (all times EDT)

Major Market Movers
Chicago PMI at 9:42 am

Minor Market Movers
Dallas Fed Mfg Survey at 10:30 am

Tomorrow’s Scheduled News

Major Market Movers
ISM Manufacturing at 10:00 am

Minor Market Movers
Construction Spending at 10:00 am