Morning Notes – Monday June 14, 2021

Directional Bias For The Day: S&P Futures are a bit higher; moving sideways since 6:00 PM on Sunday The odds are for a sideways to an up day – watch for a break below 4232.25 No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min:…

Morning Notes – Friday June 11, 2021

Directional Bias For The Day: S&P Futures are higher; near the upper bound of a Horizontal Channel between 4238.50 and 4224.50 The odds are for an up to sideways day – watch for a break below 4225.25 Key economic data report due during the day: Prelim UoM Consument Sentiments ( 84.1 est.; prev. 82.9) at…

Morning Notes – Thursday June 10, 2021

Directional Bias For The Day: S&P Futures are higher; near the lower bound of a Horizontal Channel between 4235.00 and 4212.00 The odds are for a sideways to down day – watch for a break above 4225.50 Key economic data report due during the day: CPI ( 0.4% est.; prev. 0.8%) at 8:30 AM Core…

Morning Notes – Wedesday June 9, 2021

Directional Bias For The Day: S&P Futures are higher near the upper bound of a Horizontal Channel between 4235.00 and 4212.00 The odds are for an up to a sideways day – watch for a break below 4224.00 Key economic data report due during the day: Final Wholesale Inventories ( 0.8% est.; prev. 0.8%) at…

Morning Notes – Tuesday June 8, 2021

Directional Bias For The Day: S&P Futures are higher near the upper bound of a Horizontal Channel between 4235.00 and 4212.00 The odds are for an up to a sideways day – watch for a break below 4212.00 Key economic data report due during the day: Trade Balance ( -68.5B est.; prev. -74.4B) at 8:30…

Morning Notes – Monday June 7, 2021

Directional Bias For The Day: S&P Futures are little changed near all-time highs The odds are for an up to a sideways day – watch for a break below 4214.00 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: Up-Side 15-Min: Up-Side…

Morning Notes – Friday June 4, 2021

Directional Bias For The Day: S&P Futures are little changed Non-Farm Payroll report day, which will have an impact on the trader sentiments and market direction The odds are for a down day with elevated volatility – watch for a break above 4201.50 Key economic data report due during the day: Non-Farm Employment Change (…

Morning Notes – Thursday June 3, 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 4180.75 Key economic data report due during the day: ADP Non-Farm Employment Change (978K vs. 645K est.; prev. 654K) at 8:15 AM Unemployment Claims ( 400K est.; prev. 406K )…

Morning Notes – Wednesday June 2, 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 4190.50 and a break above 4207.75 for clarity Key economic data report due during the day: Beige Book at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Tuesday June 1, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up with a good chance of sideways  to down move from pre-open levels around 4225.99 – watch for a break below 4214.00 for a change of fortune Key economic data report due during the day: Final Manufacturing PMI ( 61.5 est.;…