Morning Notes – Monday, October 18, 2021

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving lower since 6:00 PM on Sunday The odds are for a down day – watch for a break above 4455.00 for a change of sentiments Key economic data report due during the day: Industrial Production ( 0.3% est.; prev. 0.4%) at 9:15…

Morning Notes – Friday, October 15, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; The odds are for an up day – watch for a break below 4426.25 for a change of sentiments Key economic data report due during the day: Retail Sales ( 0.7% vs. -0.2% est.; prev. 0.9%) at 8:30 AM Core Retail Sales (0.8%…

Morning Notes – Thursday, October 14, 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 – watch for a break below 4373.00 Key economic data report due during the day: PPI ( 0.6% est.; prev. 0.7%) at 8:30 AM Core PPI (0.5% est.; prev. 0,.6%) at 8:30 AM…

Morning Notes – Wednesday, October 13, 2021

Directional Bias For The Day: S&P Futures are a little higher at 8:30 AM; Volatility has increased following the CPI report The odds are for a volatile day with a good chance of a sideways to an up move from pre-open levels around 4340.00 – watch for a break above 4354.75 and break below 4333.25…

Commodities Can Go A Lot Higher, But Not All

The Reuters/Jefferies CRB Index is a widely followed commodities index. Since its inception in 1957, the Index has been revised ten times. The last revision was in 2005 when a 4-tier grouping system replaced the system of equal weightings of its current 19 components. The new system gives Group 1 – Crude Oil, Heating Oil,…

Morning Notes – Tuesday, October 12, 2021

Directional Bias For The Day: S&P Futures are little changed at 7:45 AM; Prices have been moving higher since 2:45 AM after making Bullish Divergence on intraday charts The daily chart bias to the downside but up momentum is building on intraday charts The odds are for a volatile day with a good chance of…

Morning Notes – Monday, October 11, 2021

Directional Bias For The Day: S&P Futures are lower at 8:00 AM; Prices have been drifting lower since 10:30 AM on October 7 The odds are for a down with a good chance of sideways to up move from pre-open levels around 4365.00 – watch for a break above 4383.00 and a break below 4352.25…

Morning Notes – Friday October 8, 2021

Directional Bias For The Day: S&P Futures are a little higher at 8:00 AM; Price-action is a bit muted ahead of the Non-Farm Payroll report, which will impact the subsequent price move The odds are for an up day with elevated volatility – watch for a break above 4401.75 and a break below 4382.25 for…