Morning Notes – Monday, February 3, 2025

Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Futures have been sharply down. Odds are for a down day. Watch for a break above 5988.75 for clarity. The notable economic data due during the day: Final Manufacturing PMI (51.2 vs. 50.1 est.; prev. 50.1) at 9:45 AM. ISM Manufacturing PMI (49.3…

Morning Notes – Thursday, January 30, 2025

Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures have been moving up since 7:15 AM within a trading range. Odds are for a sideways to an up day. Watch for a break above 6092.00 or a break below 6074.25 for clarity. The notable economic data due during the day: ECB…

Morning Notes – Wednesday, January 15, 2025

Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures jumped up more than 75 points after the release of the CPI report at 8:30 AM. Odds are for an up day, with a good chance of sideways to down move from the pre-open level around 5970.00. Watch for a break above…

Morning Notes – Tuesday, January 14, 2025

Directional Bias for the Day: S&P Futures are higher at 9:00 AM. They have been moving within a range between 5918.50 and 5874.75 since 4:00 Pm on Monday. Odds are for an up day, with a good chance of sideways move from the pre-open level around 5900.00. Watch for a break above 5918.50 or a…

Morning Notes – Monday, January 13, 2025

Directional Bias for the Day: S&P Futures are lower at 9:00 AM. They have been moving sideways to down since 8:30 PM on Sunday. Odds are for a down day, and a sideways move from the pre-open level around 5820.00. Watch for a break above 5848.75 and a break below 5810.00 for clarity. The notable…