Morning Notes – Tuesday, November 30, 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 4620.25 for a change of sentiments Key economic data report due during the day: HPI ( 1.2% est.; prev. 1.0%) at 9:00 AM S&P/CS Composite-20 HPI (…

Morning Notes – Monday, November 29, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; breaking above Horizontal Channel between 4642.75 and 4623.00 The odds are for an up day with elevated volatility and with a good chance of a sideways move from the pre-open levels around 4645.00 – watch for a break below 4624.75 for a change…

Morning Notes – Monday, November 15, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving up since 2:30 AM after making a small Double Bottom patter; The odds are for an up day – watch for a break below 4687.50 for change if sentiments Key economic data report due during the day: Empire State Manufacturing PMI (…

Morning Notes – Friday, November 12, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving up since 4:30 AM to a resistance level around 4660.00 The odds are for an up day – watch for a break below 4650.25 for a chan of fortunes Key economic data report due during the day: JOLTS Job Openings Prelim UoM…

Morning Notes – Thursday, November 11, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving up since 2:45 PM on Wednesday The odds are for an up day with a good chance of sideways to down move from pre-open levels around 4658.00 – watch for a break above 4661.25 and a break below 4644.50 for clarity No…

Morning Notes – Tuesday, November 9, 2021

Directional Bias For The Day: S&P Futures are lower at 8:00 AM; moving sideways to down since 3:40 AM The odds are for a down to sideways day – watch for a break above 4697.50 and a break below 4680.50 for a change of sentiments Key economic data report due during the day: PPI (…

Morning Notes – Monday, November 8, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving up since 8:45 PM on Sunday The odds are for an up day – watch for a break below 4690.00 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend…

Morning Notes – Friday, November 5, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; The odds are for an up day – watch for a break below 4680.50 for a change of sentiments Key economic data report due during the day: Non-Farm Employment Change (531K vs. 455K est.; prev. 312K) at 8:30 AM Unemployment Rate ( 4.6%…

Morning Notes – Thursday, November 4, 2021

Directional Bias For The Day: S&P Futures are a bit higher at 8:30 AM; moving sideways to up since 7:00 PM on Wednesday The odds are for a sideways to an up day – watch for a break above 4662.50 and a break below 4650.75 for clarity Key economic data report due during the day:…