Morning Notes – Tuesday August 31, 2021

Directional Bias For The Day: S&P Futures are lower; declined from 4542.25 at 2:#0 AM to below 4520.00 The odds are for a down day – watch for a break above 4530.25 for a change of fortunes Key economic data report due during the day: HPI ( 1.9% est.; prev. 1.7%) at 9:00 AM S&P/CS…

Morning Notes – Monday August 30, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for a break below 4500.75 for a change of fortunes Key economic data report due during the day: Pending Home Sales ( 0.5% est.; prev. -1.9%) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend…

Morning Notes – Friday August 27, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways day to down day from pre-open levels around 4478.00 – watch for a break above 4484.25 and a break below 4473.50 for clarity Key economic data report due during the day: Core PCE Price Index ( 0.3% vs. 0.3% est.;…

Morning Notes – Thursday August 26, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways day to down day — watch for a break above 4498.00 and a break below 4480.25 for clarity Key economic data report due during the day: Prelim GDP¬† ( 6.7% est.; prev. 6.5%) at 8:30 AM Unemployment Claims ( 345K…

Morning Notes – Wednesday August 25, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways day — watch for a break above 4487.50 and a break below 4476.75 for clarity Key economic data report due during the day: Durable Goods Orders ( -0.3% est.; prev. 0.9%) at 8:30 AM Core Durable Goods Orders (…

Morning Notes – Tuesday August 24, 2021

Directional Bias For The Day: S&P Futures are higher but declining since 2:45 AM; The odds are for a sideways to down day — watch for a break above 4485.25 for a change of sentiments Key economic data report due during the day: New Home Sales (698K est.; prev. 676K) at 10:00 AM Richmond Manufacturing…

Morning Notes – Monday August 23, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day — watch for a break below 4445.25 for a change of sentiments Key economic data report due during the day: Flash Manufacturing PMI (62.4 est.; prev. 63.4) at 9:45 AM Flash Services PMI ( 59.1 est.; prev. 59.9) at…

Morning Notes – Friday August 20, 2021

Directional Bias For The Day: S&P Futures are higher; they were lower before 9:00 AM; the move up started at 7:15 from 4378.50 level and gained nearly 30 points The odds are for an up day with elevated volatility — watch for a break below 4396.25 for a change of sentiments No key economic data…

Morning Notes – Thursday August 19, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down with elevated volatility; good chance of sideways to up move from pre-open levels around 4355.00 — watch for a break above 4373.25 Key economic data report due during the day: Unemployment Claims¬† 348K vs. 362K est.; prev. 377K) at 8:30…

Morning Notes – Wednesday August 18, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down to a sideways day — watch for a break above 4448.75 for a change of sentiments Key economic data report due during the day: Building Permits ( 1.64M vs. 1.61M est.; prev. 1.59M) at 8:30 AM Housing Starts (1.53M vs.…