Morning Notes – Tuesday August 17, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day — watch for a break above 4459.50 for a change of sentiments Key economic data report due during the day: Retail Sales ( -1.1% vs. -0.2% est.; prev. 0.7%) at 8:30 AM Core Retail Sales ( -0.4% vs. 0.2%…

Morning Notes – Monday August 16, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day — watch for a break above 4456.50 for a change of sentiments Key economic data report due during the day: Empire State Manufacturing PMI ( 18.3 vs. 28.9 est.; prev. 43.0) at 8:30 AM Directional Bias Before Open: Weekly:…

Morning Notes – Friday August 13, 2021

Directional Bias For The Day: S&P Futures are higher a bit at 8:45 AM The odds are for a sideways to an up day — watch for a break  above 4459.75 and below 4451.00 for clarity Key economic data report due during the day: Import Prices ( 0.3% vs. 0.6% est.; prev. 1.1%) at 8:30…

Morning Notes – Thursday August 12, 2021

Directional Bias For The Day: S&P Futures are higher a bit before the 8:30 AM economic reports release; The odds are for a sideways to a down day  — watch for a break  above 4444.25 and below 4430.00 for clarity Key economic data report due during the day: PPI ( 0.6% est.; prev. 1.0%) at…

Morning Notes – Wednesday August 11, 2021

Directional Bias For The Day: S&P Futures are little changed before 8:30 AM CPI report release; The odds are for an up to sideways day  — watch for a break below 4416.50 for a change of sentiments Key economic data report due during the day: CPI ( 0.5% vs. 0.5% est.; prev. 0.9%) at 8:30…

Morning Notes – Tuesday August 10, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways day  — watch for a break  above 4432.00 and break below 4416.50 for clarity Key economic data report due during the day: Prelim Nonfarm Productivity ( 2.3% vs. 3.3% est.; prev. 4.3%) at 8:30 AM Prelim Unit Costs (1.0%…

Morning Notes – Monday August 9, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways to an up move from the pre-open levels around 4425.00 — watch for a break below 4412.00 for clarity Key economic data report due during the day: JOLTS Jobs Openings ( 9.27M est.;…

Morning Notes – Friday August 6, 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 4417.00 for a change of fortunes Key economic data report due during the day: Non-Farm Employment Change( 943K vs. 870K est.; prev. 850K) at 8:30 AM Unemployment Rate ( 5.4%…

Morning Notes – Thursday August 5, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to a sideways day from the pre-open levels around 4400.00  — watch for a break above 4408.25 and a break below 4391.25 for clarity Key economic data report due during the day: Unemployment Claims ( 385K vs. 382K est.; prev.…

Morning Notes – Tuesday August 3, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to a down day from pre-open levels around 4390.00  — watch for a break above 4397.25 and a break below 4381.00 for clarity Key economic data report due during the day: Factory Orders ( 1.0% est.; prev. 1.7%) at 10:00…