Morning Notes – Wednesday March 31, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways day – watch for a break above 3958.25 and below 3941.50 for clarity Key economic data report due during the day: ADP Non-Farm Employment Change ( 517K vs. 552K est.; prev. 176K) at 8:15 AM Chicago PMI ( 61.2 est.;…

Morning Notes – Tuesday March 30, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with a good chance of sideways move from pre-open levels around 3945.00 – watch for a break above 3962.00 and below 3939.25 for clarity Key economic data report due during the day: HPI ( 1.2% est.; prev. 1.1%) at…

Morning Notes – Monday March 29, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with a good chance of sideways move from pre-open levels around 3945.00 – watch for a break below 3954.00 for a change in sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Friday March 26, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with volatility – watch for a break below 3904.00 for a change in sentiments Key economic data report due during the day: Core PCE Index ( 0.1% vs. 0.1% est.; prev. 0.3% ) at 8:30 AM Goods Trade Balance…

Morning Notes – Thursday March 25, 2021

Directional Bias For The Day: S&P Futures are lower The daily bias is down The odds are for a down day with volatility – watch for a break above 3877.50 for a change in sentiments Key economic data report due during the day: Final GDP ( 4.3% vs. 4.1% est.; prev. 4.1% ) at 8:30…

Morning Notes – Wednesday March 24, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with volatility – watch for a break below 3908.50 for a change of sentiments Key economic data report due during the day: Durable Goods ( -0.9% vs. 0.7% est.; prev. 3.4% ) at 8:30 AM Core Durable Goods (…

Morning Notes – Tuesday March 23, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down-to-sideways day – watch for a break above 3924.75 and a break below 3908.25 for clarity Key economic data report due during the day: Current Account (-188B vs. est. -189B; prev. -181B) at 8:30 AM New Home Sales ( 872K est.;…

Morning Notes – Monday March 22, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways day with uncertain volatility – watch for a break above 3911.00 and a break below 3892.25 for clarity Key economic data report due during the day: Existing Home Sales ( 8.55M est.; prev. 6.69M) at 10:00 AM Directional Bias Before…

Morning Notes – Friday March 19, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up to sideways day – watch for a break above 3925.00 and a break below 3900.00 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Side-Down 30-Min: Side-Down 15-Min:…

Morning Notes – Thursday March 18, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day – watch for a break above 3952.75 for a change of sentiments Key economic data report due during the day: Philly Fed Manufacturing PMI ( 51.8 vs. 22.5 est.; prev. 23.1) at 8:30 AM Unemployment Claims ( 770K vs.…