Directional Bias For The Day: S&P Futures are limit down since 6:00 PM on Sunday The odds are for a down day with elevated volatility; Key economic data due: Empire State Manufacturing Index ( -21.5% vs. 5.1% est.; prev. 12.9%) at 9:30 AM TLC Long-Term Purchases (est. 72.5B; prev. 85.6B) at 4:00 PM Directional Bias…

Directional Bias For The Day: S&P Futures are sharply higher; bouncing since 11:15 PM from oversold conditions The odds are for an up day with elevated volatility; Vulnerable to news and events Key economic data due: Import Prices ( -0.5% vs. -1.0% est.; prev. 0.1%) at 7:30 AM Prelim UoM Consumer Sentiment (est. 95.0; prev.…

Directional Bias For The Day: S&P Futures are sharply lower; The odds are for a down day with elevated volatility; Vulnerable to news and events Key economic data due: PPI ( -0.3% vs. 0.1% est.; prev. 0.5%) at 8:30 AM Core PPI ( -0.6% vs. -0.1% est.; prev. 0.5%) at 8:30 AM Unemployment Claims (…

Directional Bias For The Day: S&P Futures are lower; daily bias is down; The odds are for a down day with elevated volatility; good chance of sideways to up move from pre-open levels; watch for break below 2764.25 and break above 2837.00 for clarity Significant news and rumors will strongly impact the markets Key economic…

Directional Bias For The Day: S&P Futures are higher; daily bias is down; The odds are for an up day with elevated volatility; watch for break below 2817.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Down-Side 30-Min: Down-Side 15-Min: Up 6-Min: Side…

Directional Bias For The Day: S&P Futures are higher very volatile; daily bias is down; The odds are for an up day with elevated volatility; watch for break below 3066.00 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Under Pressure Daily: Uptrend Under Pressure 120-Min: Down-Up 30-Min: Down-Up…

Directional Bias For The Day: S&P Futures are higher but the daily bias is down; The odds are for an up day with elevated volatility; watch for break above 2908.25 for change of fortune Key economic data due: Final Manufacturing PMI (50.7 vs. 50.8 est.; prev. 50.8) at 9:45 AM ISM Manufacturing PMI ( 50.1…