Morning Notes – Wednesday March 17, 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 3940.00 – watch for a break above 3955.50 for a change of sentiments Key economic data report due during the day: Building Permits (1.68M vs. 1.74M est.; prev.…

Morning Notes – Monday March 15, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up to sideways move – watch for a break above 3924.25 for a change of sentiments Key economic data report due during the day: Empire State Manufacturing Index (17.4 vs. 14.6 est.; prev. 12.1) at 8:30 AM Directional Bias Before Open:…

Morning Notes – Friday March 12, 2021

Directional Bias For The Day: S&P Futures are lower The daily bias has shifted to sideways to up The odds are for a down day with a good chance of sideways move from pre-open levels around 3925.00 – watch for a break above 3933.75 for change of sentiments Key economic data report due during the…

Morning Notes – Thursday March 11, 2021

Directional Bias For The Day: S&P Futures are higher The daily bias is shifting from sideways to up The odds are for an up – watch for a break below 3911.00 for change of fortunes Key economic data report due during the day: ECB Monetary Policy Statement at 7:45 AM ECB Press Conference at 8:30…

Morning Notes – Wednesday March 10, 2021

Directional Bias For The Day: S&P Futures are little changed; The daily bias is sideways to down The odds are for a sideways to down day – watch for a break above 3883.25 and below 3865.25 for clarity Key economic data report due during the day: CPI ( 0.4% vs. 0.4% est.; prev. 0.3% )…

Morning Notes – Tuesday March 9, 2021

Directional Bias For The Day: S&P Futures are higher; Futures rising since 3:30 PM on Monday after a choppy trading The odds are for an up day with a good chance of sideways to down move from pre-open levels around 3855.00 – watch for a break above 3865.50 and below 3834.00 for clarity No key…

Morning Notes – Monday March 8, 2021

Directional Bias For The Day: S&P Futures are lower; Futures rising since 4:15 AM after declining to 3795.00 from 3866.00 The odds are for an up to sideways day with choppy price action – watch for a break below 3812.25 and break above 3834.75 for clarity Key economic data report due during the day: Final…

Morning Notes – Friday March 5, 2021

Directional Bias For The Day: S&P Futures are higher; Futures rising since 3:15 AM from a low of 3739.00 to around 3775.00 level The daily bias is down The odds are for a choppy day with a good chance of an up day – watch for a break below 3759.00 for a change of fortune…

Morning Notes – Thursday March 4, 2021

Directional Bias For The Day: S&P Futures are lower; Futures rising since 11:00 PM from a low of 3777.50 to around 3820.00 level The daily bias is sideways to down The odds are for a choppy day with a good chance of an up day – watch for a break above 3877.25 for a change…

Morning Notes – Wednesday March 3, 2021

Directional Bias For The Day: S&P Futures are lower; futures gave up more than 40 points since 4:00 AM The daily bias is sideways to down The odds are for a down day – watch for a break above 3877.25 for a change of fortune Key economic data report due during the day: ADP Non-Farm…