Directional Bias For The Day: S&P Futures are down Below a downtrend line since 9:30 PM on July 15 on 30-minute chart; daily charts is indicating hesitation or pause Odds are for a down to sideways day – watch for break above 2797.75 and below 2790.50 for clarity Key economic data due: Capacity Utilization (est. 78.4% ) at 9:15 AM Industrial…

Directional Bias For The Day: S&P Futures are little changed to down; moving sideways with down bias since 10:30 AM on July 13 Odds are for a sideways day – watch for break above 2804.00 and below 2800.00 for clarity Key economic data due: Retail Sales (0.5% vs. 0.4% est.) at 8:30 AM Core Retail Sales (0.4% vs. 0.4% est.) at 8:30 AM Empire State…

Directional Bias For The Day: S&P Futures are higher; moving up in steps since 9:00 PM on July 10 Odds are for an up to sideways day – watch for break above 2791.00 and below 2788.00 for clarity Key economic data due: CPI (0.1% vs. 0.2% est.) at 8:30 AM Cor CPI (0.2% vs. 0.2% est.) at 8:30 AM Unemployment Claims (214K vs.…

Directional Bias For The Day: S&P Futures are higher; moving sideways since 7:00 PM on July 9 in a narrow range – between 2797.75 and 2787.75 Odds are for an up to sideways day – watch for break above 2787.75 and below 2787.75 for clarity No key economic data due: Markets Around The World Markets in the East closed mostly up – Hong Kong and…

Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:00 PM on July 8 in a very narrow range – between 2775.25 and 2770.75 Odds are for an up to sideways day – watch for break above 2775.25 and below 2770.75 for clarity No key economic data due: Markets Around The World Markets in the East closed up European markets…

Directional Bias For The Day: S&P Futures are lower; moving down since 2:00 AM from a high of 2747.50; near a support level at 2732.00 Odds are for an up day – watch for break below 2732.00 for change of fortune Key economic data due: Non-Farm Employment Change (est. 195 K) at 8:30 AM Unemployment Rate (est. 3.8% ) at 8:30 AM…

Directional Bias For The Day: S&P Futures are higher; moving up since 2:00 AM Odds are for an up day – watch for break below 2727.50 for change of fortune Key economic data due: ADP Non-Farm Employment Change (177K vs. 190K est.) at 8:15 AM Unemployment Claims (231K vs 225K) at 8:30 AM ISM Non-Manufacturing PMI (est. 58.3) at 10:00 AM…

Directional Bias For The Day: S&P Futures are lower; trending down since 11:00 AM on June 29; moving sideways since 2:00 AM with an upper bound near 2710.00 Odds are for a down day with elevated volatility – watch for break above 2710.00 for change of fortune Key economic data due: ISM Manufacturing PMI (est. 58.2 ) at 10:00 AM Markets Around The World…