Morning Notes – Friday April 16, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with a good chance of sideways move from pre-open levels around 4170.00 – watch for a break below 4155.25 for a change in sentiments Key economic data report due during the day: Building Permits ( 1.77M vs. 1.75M est.;…

Morning Notes – Thusday April 15, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with a good chance of sideways move from pre-open levels around 4140.00 – watch for a break above 4146.00 and a break below 4134.75 for clarity Key economic data report due during the day: Retail Sales ( 9.8% vs.…

Morning Notes – Wednesday April 14, 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 4139.75 and a break below 4132.75 for clarity Key economic data report due during the day: Import Prices ( 1.0% est.; prev. 1.3%) at 8:30 AM Beige Book at 2:00 PM…

Morning Notes – Tuesday April 13, 2021

Directional Bias For The Day: S&P Futures are little changed Futures are volatile and have moved between  4127.00 and 4101.00 in pre-market trading The odds are for a down to sideways day with volatility – watch for a break above 4127.00 for clarity Key economic data report due during the day: CPI ( 0.6% vs.…

Morning Notes – Monday April 12, 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 4121.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Up 30-Min: Up-Side 15-Min: Up-Side 6-Min: Side Key Levels:…

Morning Notes – Thursday April 8, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with a good chance of sideways move from pre-open levels around 4080.00- watch for a break below 4072.50 for a change of sentiments Key economic data report due during the day: Unemployment Claims ( 744K vs. 682K est.; prev.…

Morning Notes – Wednesday April 7, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a sideways to  a down day – watch for a break above 4070.00 for a change of sentiments Key economic data report due during the day: Trade Balance ( -70.2B est.; prev. -68.2B) at 8:30 AM Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Tuesday April 6, 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 4074.50 for a change of sentiments Key economic data report due during the day: JOLTS Jobs Opening ( 6.91M est.; prev. 6.92M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Monday April 5, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for a break below 4029.00 for a change of sentiments Key economic data report due during the day: Final Services PMI ( 60.3 est.; prev. 60.0) at 9:45 AM ISM Services PMI ( 58.3 est.; prev. 55.3)…

Morning Notes – Thursday April 1, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with a good chance of  a sideways move from pre-open levels around 3985.00 day – watch for a break below 3976.50 for change of sentiments Key economic data report due during the day: Challenger Jobs Cuts (-86.2%; prev. -39.1%)…