Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with high volatility; watch for a break below 3730.25 for change of fortune Key economic data report due during the day: Advanced GDP ( 4.0% vs. 4.2% est.; prev. 33.4%) at 8:30 AM Unemployment Claims ( 847K vs. 880K…
Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day; watch for a break above 3841.75 and below 3822.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Sid 30-Min: Up-Side 15-Min: Side-Down 6-Min: Side Key…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day, with a good chance of sideways to up move from the pre-open level near 3815.00; watch for a break above 3831.25 Key economic data report due during the day: Flash Manufacturing PMI ( 56.6 est.; prev. 57.1) at 9:45…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day, with a good chance of sideways to down move from the pre-open level near 3850.00; watch for a break below 3840.00 for change of fortune Key economic data report due during the day: Philly Fed Manufacturing Index ( 11.2…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day, with a good chance of sideways to down move from the pre-open level near 3810.00; watch for a break below 3788.50 for change of fortune Key economic data report due during the day: NAHB Housing Market Index ( 86…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day, with a good chance of sideways to down move from the pre-open level near 3785.00; watch for a break above 3736.25 and break below 3782.00 for clarity No key economic data report due during the day: Directional Bias Before…
Equities and Commodities are Rising but Bonds and the Dollar Index are Declining The S&P 500 ($SPX) is continuing the uptrend that was started in March 2020 following the pandemic induced slide (see the second pane of Fig 1). Other major US equity indices are mostly following its lead. In April 2020, the commodities, the…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day, with a good chance of sideways to up move from the pre-open level near 3780.00; watch for a break above 3784.50 and break below 3771.25 for clarity Key economic data report due during the day: Core Retail Sales (…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day; watch for a break above 3814.70 and break below 3804.50 for clarity Key economic data report due during the day: Unemployment Claims ( 965K vs. 785K est.; prev. 787K) at 8:30 AM Import Prices ( 0.9% vs.…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down to sideways day; watch for a break above 3810.50 and break below 3768.00 for clarity Key economic data report due during the day: CPI ( 0.4% vs. 0.4% est.; prev. 0.2%) at 8:30 AM Core CPI ( 0.1% vs. 0.1%…
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