Morning Notes – Thursday May 27, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down to sideways day – watch for a break below 4204.00 and a break below 4177.25 for clarity Key economic data report due during the day: Prelim GDP (6.5% est.; prev. 6.4%) at 8:30 AM Unemployment Claims ( 427K est.; prev.…

Morning Notes – Wednesday May 26, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up to sideways day – watch for a break below 4210.00 and a break below 4191.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Up-Side 30-Min: Side…

Morning Notes – Tuesday May 25, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for a break below 4203.25 for  a change of sentiments Key economic data report due during the day: HPI ( 1.1% est.; prev. 0.9%) at 9:00 AM S&P/CS Comp[osite-20 HPI (12.8% est.; prev. 13l9%) at 9:00 AM…

Morning Notes – Friday May 21, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to an up day – watch for a break above 4173.25 and break below 4155.75 for clarity Key economic data report due during the day: Flash Manufacturing PMI ( 60.0 est.; prev. 60.5) at 9:45 AM Flash Services PMI (…

Morning Notes – Thursday May 20, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to an up day with elevated volatility Key economic data report due during the day: Philly Fed Manufacturing Index ( 31.5 vs. 40.8 est.; prev. 50.2) at 8:30 AM Unemployment Claims ( 444K vs. 453K est.; prev. 473K) at 8:30…

Morning Notes – Wednesday May 19, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility – watch for a break above 4167.75 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Side-Down 30-Min: Down 15-Min:…

Morning Notes – Tuesday May 18, 2021

Directional Bias For The Day: S&P Futures are little changed; they were higher but  are declining The odds are for a sideways to a down day – watch for a break above 4167.75 for a change of sentiments Key economic data report due during the day: Building Permits ( 1.76M vs. 1.77M est.; prev.1.76M) at…

Morning Notes – Monday May 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 4150.00 – watch for a break above 4164.00 and a break below 4147.25 for clarity No key economic data report due during the day: Directional Bias Before Open:…

Morning Notes – Friday May 14, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with elevated volatility – watch for a break below 4122.25 for a change of sentiment Key economic data report due during the day: Retail Sales PPI ( 0.00 vs. 1.0% est.; prev. 9.8% ) at 8:30 AM Core Retail…

Morning Notes – Thursday May 13, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day  with elevated volatility – watch for a break above 4177.25 and break below 4037.25 for clarity Key economic data report due during the day: PPI ( 0.3% est.; prev. 1.0% ) at 8:30 AM Core PPI ( 0.4% est.;…