October 2021 – Market At A Glance

September is historically the worst month for the US equity markets. According to Stock Traders Almanac, September is ranked 12th for Dow Jones Industrial Average, S&P 500, and NASDAQ Composite. It is the second-worst month for Russell 2000. Since 1950, the Dow has declined 42 times or 59% in September and the S&P 500 38…

Morning Notes – Thursday September 30, 2021

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; The odds are for an up day with elevated volatility, however, the past few days’ price-action indicates a down bias – watch for a break below 4349.25 for a change of sentiments Good chance of sideways to down move from the pre-open levels…

Morning Notes – Wednesday September 29, 2021

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; The odds are for an up day with elevated volatility, however, the past few days price-action indicates a down bias – watch for a break below 4347.25 for a change of sentiments Key economic data report due during the day: Pending Home Sales…

Morning Notes – Tuesday September 28, 2021

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; The odds are for a down day with elevated volatility – watch for a break above 4408.25 Key economic data report due during the day: HPI ( 1.5% est.; prev. 1.6% ) at 9:00 AM S&P/CS Composite-20 HPI ( 20.1% est.; prev. 19.1%…

Morning Notes – Monday September 27, 2021

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; futures are declining since 2:00 AM after rising more than 25 points The odds are for a down day with elevated volatility – watch for a break below 4402.25 Key economic data report due during the day: Durable Goods ( 1.8% vs. 0.7%…

Morning Notes – Thursday September 23, 2021

Directional Bias For The Day: S&P Futures are higher at 8:45 AM The odds are for an up day with elevated volatility – watch for a break below 4402.25 Key economic data report due during the day: Unemployment Claims ( 351K vs. 322K est.; prev. 335K) at 8:30 AM Flash Manufacturing PMI ( 60.7 est.;…

Morning Notes – Wednesday September 22, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM The odds are for an up day with elevated volatility – watch for a break below 4355.50 Key economic data report due during the day: Existing Home Sales ( 5.87M est; prev. 5.99M) at 10:00 AM FOMC Statement, Funds Rate, and Economic Projections…

Morning Notes – Tuesday September 21, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM The odds are for an up day with elevated volatility Key economic data report due during the day: Building Permits (1.73M vs. 1.60M est; prev. 1.63M) at 8:30 AM Housing Starts ( 1.62M vs. 1.55M est.; prev. 1.55M) at 8:30 AM Current Account…

Morning Notes – Monday September 20, 2021

Directional Bias For The Day: S&P Futures are lower at 8:30 AM The odds are for a down day with elevated volatility No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend-Under-Pressure 120-Min: Down 30-Min: Dow 15-Min: Down 6-Min: Down Key Levels: Critical support levels for S&P 500…

Morning Notes – Friday September 17, 2021

Directional Bias For The Day: S&P Futures are lower at 8:30 AM but rising since 6:45 AM The odds are for a sideways day – watch for a break above 4472.50 and a break below 4448.25 for clarity Key economic data report due during the day: Prelim UoM Consumer Sentiment ( 71.9 est.; prev. 70.3)…