Directional Bias For The Day: The futures are drifting higher; Moving, mostly, sideways since 10:30 AM on March 16 – between 2380.75 and 2373.50 Odds are for a sideways day; watch for break above 2380.75 and below 2375.50 for change of fortunes Key economic report: Industrial Production and University of Michigan Consumer Sentiment Markets Around The World Markets in the East closed mostly higher…

Directional Bias For The Day: The futures are higher; Drifting higher since NYSE session close on Wednesday Odds are for an up day; watch for break below 2377.75 for change of fortunes Key economic report: Philly Fed Manufacturing and Unemployment Claims Markets Around The World Markets in the East closed higher European markets are mostly higher – Switzerland is lower Dollar index and USD/JPY are lower; GBP/USD…

Directional Bias For The Day: The futures are higher; Rising since 10:30 AM on March 14 Odds are for an up to sideways day; watch for break above 2372.00 and break below 2363.00 for change of fortunes Chart patterns on daily and 2-hour timeframes are bearish; on shorter time frames patterns are bullish FOMC’s two day March meeting culminates today; the…

Directional Bias For The Day: The futures are lower; Falling since 3:00 AM – European session open Broke below a horizontal channel on 30-min chart; target near 2358.00 Odds are for a down day; watch for break above 2372.00 FOMC’s two day March meeting starts today; it is weighing on the market Markets Around The World Markets in the East closed mixed – Hong Kong and…

Directional Bias For The Day: The futures are higher; Range bound since 3:00 PM on Friday March 10 Retracing from 2370.00, the NYSE session close on Friday Odds are for a sideways day with an upward bias; watch for break above 2370.00 and break below 2364.75 for change of fortunes Markets Around The World Markets in the East closed mostly higher – Shanghai was down European markets…

Directional Bias For The Day: The futures are higher; drifting higher since 2:00 PM on March 9 Down trend line since 2:30 PM on March 1 is broken Broken sequence of lower high and lower lows on 30-minute timeframe Odds are for an up day; watch for break below 2366.25 for change of fortunes Non-Farm Payroll data will be critical too Markets Around The World Markets in the East closed…

Directional Bias For The Day: The futures are lower; drifting lower since 3:30 AM Made another low at 2359.50, which was also the low made on March 8 Asian session In a down trend since 2:30 PM on March 1; below a downtrend line Lower high and lower lows on 30-minute timeframe Odds are for a down to sideways day; watch for break above 2371.75 for change of fortunes…

Directional Bias For The Day: The futures are lower but drifting higher after making a low of 2359.50 in early Asian session In a down trend since 2:30 PM on March 1; below a downtrend line Lower high and lower lows on 30-minute timeframe Odds are for a down to sideways day; watch for break above 2371.75 for change of fortunes Markets Around The World Markets…

Directional Bias For The Day: The futures are lower In a down trend since 2:30 PM on March 1; below a downtrend line Lower high and lower lows on 30-minute timeframe Odds are for a down day; watch for break above 2378.25 for change of fortunes Markets Around The World Markets in the East closed mixed – Tokyo and Mumbai were down and others up European markets…

Directional Bias For The Day: The futures are lower In a down trend since 2:30 PM on March 1; below a downtrend line Lower high and lower lows on 30-minute timeframe Odds are for a down day; watch for break above 2380.75 for change of fortunes Markets Around The World Markets in the East closed mostly higher – Tokyo was the only exception European markets are mostly down – Spain…