Morning Notes – Wednesday May 12, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day to sideways day – watch for a break above 4147.00 for a change in sentiments Key economic data report due during the day: CPI ( 0.2% est.; prev. 0.6% ) at 8:30 AM Core CPI ( 0.3% est.; prev.…

Morning Notes – Tuesday May 11, 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 4161.25 Key economic data report due during the day: JOLTS Jobs Openings ( 7.50 M est.; prev. 7.37M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed…

Morning Notes – Monday May 10, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for a break below 4222.25 for a change of fortunes No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Side-Up 30-Min: Up 15-Min: Up-Side 6-Min: Side Key…

Morning Notes – Friday May 7, 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 4191.75 for a change of fortunes The Employment report will have a significant impact on price-action Key economic data report due during the day: Non-Fram Employment Change ( 990K est.;…

Morning Notes – Thursday May 6, 2021

Directional Bias For The Day: S&P Futures are little changed The odds are for a sideways day with elevated volatility – watch for a break above 4169 and a below 4156.75 for clarity Key economic data report due during the day: Unemployment Claims ( 498K vs. 540K est.; prev. 553K) at 8:30 AM Prelim Nonfarm…

Morning Notes – Wednesday May 5, 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 4169.50 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment Change ( 742K vs. 872K est.; prev. 565K) at 8:15 AM Final Services…

Morning Notes – Tuesday May 4, 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 4184.50 for a change of sentiments Key economic data report due during the day: Trade Balance ( -74.4B vs. -74.5B est.; prev. -70.5B) at 8:30 AM Factor Orders ( 1.3%…

Morning Notes – Monday May 3, 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 4195.00  down day Key economic data report due during the day: ISM Manufacturing PMI ( 65.0 est.; prev. 64.7) at 10:00 AM Directional Bias Before Open: Weekly:…