Morning Notes – Wednesday June 30, 2021

Directional Bias For The Day: S&P Futures are a bit lower; The odds are for a down to sideways day – watch for a break above 4283.75 for a change of fortunes Key economic data report due during the day: ADP Non-Farm Employment Change ( 692K vs. 555K est.; prev. 978K) at 8:15 AM Chicago…

Morning Notes – Tuesday June 29, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to an up day – watch for a break below 4271.75 or a break above 4283.50 for clarity Key economic data report due during the day: HPI ( 1.5% est.; prev. 1.4%) at 9:00 AM S&P/CS Composite-20 HPI (…

Morning Notes – Monday June 28, 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 below 4277.50 or a break above 4268.50 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…

Morning Notes – Thursday June 24, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4250.00 – watch for a break below 4246.75 or a break above 4254.50 for clarity Key economic data report due during the day: Final GDP…

Morning Notes – Wednesday June 23, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to up day – watch for a break below 4230.75 for a change of sentiments Key economic data report due during the day: Current Account ( -205B est.; prev. -188B) at 8:30 AM Flash Manufacturing PMI ( 61.5 est.;…

Morning Notes – Tuesday June 22, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up-to-sideways day with elevated volatility – watch for a break below 4205.75 for a change of sentiments Key economic data report due during the day: Fed Chair Powell’s Testimony at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Monday June 21, 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 4160.50 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: Down 30-Min: Down-Side 15-Min:…

Morning Notes – Thursday June 17, 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 4206.25 for a change of sentiments Key economic data report due during the day: Philly Fed Manufacturing Index ( 30.7 vs. 30.3 est.; prev. 31.5) at 8:30 AM Unemployment Claims…

Morning Notes – Wednesday June 16, 2021

Directional Bias For The Day: S&P Futures are a bit lower; Essentially moving sideways since 2:00 PM on Tuesday awaiting FOMC Statement and Press Conference later today The odds are for a sideways day – watch for a break above 4242.50 and a break below 4231.50 for clarity Key economic data report due during the…

Morning Notes – Tuesday June 15, 2021

Directional Bias For The Day: S&P Futures are a bit higher; declined from the Asian session high of 4258.25 to near 4250.00; The odds are for a sideways to an up day – watch for a break below 4245.75 for a change of sentiments Key economic data report due during the day: PPIĀ  (0.8% vs.…